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Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for 8 years and then sold for $23,000 at the end of its useful life. Lollie has presented Kiddy with the following options: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. Buy machine. The machine could be purchased for $173,000 in cash. All maintenance and insurance costs, which approximate $18,000 per year, would be paid by Kiddy. 2. Lease machine. The machine could be leased for a 8-year period for an annual lease payment of $38,000 with the first payment due immediately. All maintenance and insurance costs will be paid for by the Lollie Corp. and the machine will revert back to Lollie at the end of the 8-year period. Required: Assuming that a 9% interest rate properly reflects the time value of money in this situation and that all maintenance and insurance costs are paid at the end of each year, find the present value for the following options. Ignore income tax considerations. (Negative amounts should be indicated by a minus sign.)
Correcting Entries for Patents During the year-end audit of the Cressman Corporation's financial statements for 2007, - Prepare adjusting journal entries on December 31, 2007.
Era Company has 3,000 shares of 5%, $100 par non-cumulative preferred stock outstanding at December 31, 2013. No dividends have been paid on this stock for 2012 or 2013.
How do you think Mrs. Lucky will feel when she receives the bill for the three sets of wedding announcements? Explain how the overhead costs were assigned to each job.
Bracket Ltd manufactures a range of fixtures and fittings. The company has recently been offered a patent for a new type of door hinge, the design of which is far superior to the hinges the company currently manufactures.
present entries to record the selected transactions described belowa issued 3250000 of 10-year 8 bonds at 97. b
15.1) The managers of Merton Medical Clinic are analyzing a proposed project. The project's most likely NPV is $120,000, but as evidenced by the following NPV distribution, there is considerable risk ivolved
You have a chance to buy an annuity that pays RM1,000 at the end of each year for 5 years. You could earn 6% on your money in other investments with equal risk. What is the most you should pay for the annuity?
Determine the amounts of the missing items, identifying them by letter. (Suggestion: First determine the amount of increase or decrease in stockholders' equity during theyear.)
What type of inventory control system would you suggest to Jim Reed and Type of inventory control system
part aantonuis ltd directors have decided to issue a prospectus on 25th april 2011 for 10 million shares at 8.00it
Identify the major differences between these two firms in the composition of current assets. Try to explain these differences in terms of the types of goods and services that each company produces.
What was the total amount of manufacturing costs assigned th those units that were completed and transferred out of the process in Semptember?
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