User Account

All Pages

How much was recorded as the cost of the machine

Assignment Help Accounting Basics
Reference no: EM131795756

Problem

Sandstone Corporation brought a new machine and agreed to pay for it in equal annual installments of $4,000 at the end of each of the next 10 years. Assume an 11% market rate of interest applies to this contract, how much was recorded as the cost of the machine?

11% Interest Table Factors

Period

Present Value of $1 (Table 6-2)

Present Value of an Ordinary Annuity of $1 (Table 6-4)

6

.53464

4.23054

7

.48166

4.71220

8

.43393

5.14612

9

.39092

5.53705

10

.35218

5.88923

 

 

Reference no: EM131795756

Questions Cloud

Display a strategy plot showing the best decision : Display a strategy plot showing the best decision the company can make for different values of p(x-axis) and q(y-axis).
Compute the cost per patient in medicine and surgery : Using the direct method, compute the cost per patient in Medicine and Surgery Repeat 1 above, using the Step method, and allocating Nursing costs first
Creating an effective social media campaign : The second step in creating an effective social media campaign is to
Recently been on the internet looking for wedding gown : Ayisha has recently been on the Internet looking for a wedding gown. She is now on the Internet looking for camping supplies she will need for an upcoming trip.
How much was recorded as the cost of the machine : Sandstone Corporation brought a new machine and agreed to pay for it in equal annual installments of $4,000. How much was recorded as the cost of the machine?
Find wacc of the black bird company : The Black Bird Company plans an expansion. The expansion is to be financed by selling $86 million in new debt and $88 million in new common stock
Impact of transactions involving issuance of stock : Impact of Transactions Involving Issuance of Stock on Statement of Cash Flows
Perform the backwards pass of cpm : The lestest start times of activity R, S, and U at the end of the day of 116,112, and 124, respectively. perform the backwards pass of CPM
How data was used to calculate WACC : Your calculated WACC and How data was used to calculate WACC. This would be the formula and the formula with your values substituted

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd