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Question
1. On January 1, 2009, Rra's Sporting Goods purchased store fixtures at a cost of $180,000. The anticipated service life was 10 years with no residual value. Rra's has been using the double-declining balance method, but in 2011 adopted the straight-line method because the company believes it provides a better measure of income. Rra's has a December 31 year-end. The journal entry to record depreciation for 2011 is ?
2. Hollywood Ltd. purchased equipment on 1/1/09 for $800,000, estimating a five-year useful life and no residual value. In 2009 and 2010, Hollywood depreciated the asset using the straight-line method. In 2011, Hollywood changed to sum-of-years'-digits depreciation for this equipment. What depreciation would Hollywood record for the year 2011 on this equipment?
3. On January 1, 2018, Mites, Inc., acquired land for $6.2 million. Mites paid $1.2 in cash and signed a 6% note requiring the company to pay the remaining $5 million plus interest on December 31, 2019. An interest rate of 6% properly reflects the time value of money for this type of loan agreement. For what amount should Mites record the purchase of land?
Several years ago the Jakob Company sold a $1,000 par value, non callable bond that now has 20 years to maturity and a 7.00% annual coupon that is paid semi annually. The bond currently sells for $925, and the company’s tax rate is 40%. What is the c..
b. What is the consolidated net income for this business combination for 2014?What is the realized income of Birch in 2013 and 2014, respectively?
A Treasury bond that matures in 10 years has a yield of 5%. A 10-year corporate bond has a yield of 8%. Assume that the liquidity premium on the corporate bond is 0.4%. What is the default risk premium on the corporate bond?
The bottom-up approach to computing the operating cash flow applies only when: A. both the depreciation expense and the interest expense are equal to zero. B. the interest expense is equal to zero. C. the project is a cost-cutting project. D. no fixe..
B&B has a new baby powder ready to market. Calculate the NPV for the firm if it conducts customer segment research.
An investment, which is worth 38,700 dollars and has an expected return of 3.89 percent, is expected to pay fixed annual cash flows forever .
What is the bank’s cost of preferred stock?
Emporia Mills management is evaluating two alternative heating systems
Suppose an investor is seeking to hedge Ioo shares in his portfolio and he is seek to hedge his nunbet of call options for her 100 shared purchased.
Fama’s Llamas has a weighted average cost of capital of 10.8 percent. The company’s cost of equity is 13 percent, and its pretax cost of debt is 8.8 percent. The tax rate is 38 percent. What is the company’s target debt−equity ratio?
How are futures options used and what are the reasons for their popularity compared to spot options?
Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $1.50 coming 3 years from toda..
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