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HH Sweet is purchasing equipment for it's warehouse by making 9 pmts of $6,200 at an interest rate of 8% on July 31, 2013 with the first payment coming 12 months after the purchase. The useful life of the equipment is 9 years, the same as the loan duration. The residual value of the equipment will be 10% of the cash price and HH Sweet will use 150% declining balance depreciation. Provide the journal entry for the purchase and the depreciation entries for 2013 and 2014.
mr.jones borrows 25 000 from bank b for 10 years. he makes semiannual payments of 2 000. the bank receives interest on
ogleby company estimates that 100000 direct labor hours will be worked during 2014 in the assembly department. on this
On January 1, 2011 Miller Corporation had retained earnings of $18,000. During 2010, Miller reported net income of $25,000, declared and paid dividends of $20,000, and issued stock for $10,000. What were Miller's retained earnings on December 31, ..
deckyard company distributes a lightweight lawn chair that sells for 80 per unit. variable expenses are 40.00 per unit
which category of cash flows-operating investing or financing activites-do you think is most likely to have a net cash
a company has the opportunity to sell 1000 extra units of product to a new customer outside the us. the price at which
Outline the options for financing your expansion. Discuss how this decision will impact your company in financial and cultural terms.
Sage, Inc., a closely held corporation that is not a PSC, has a $140,000 passive loss, $85,000 of active business income, and $35,000 of portfolio income. How much of the passive loss can Sage deduct?
What institutions or entities are the long-term holders of private commercial real estate debt and what is the fastest growing source of long-term mortgage funds?
Taggart Inc.'s stock has a 25% chance of producing a 30% return, a 50% chance of producing a 12% return, and a 25% chance of producing a -18% return. What is the firm's expected rate of return?
warner development company has a security department that provides security services to other departments within the
prepare a horizontal analysis of the comparative income statement of cpa tech inc. each amount listed must be in your
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