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An irrigation return flow drain has sampling equipment that can be powered by solar cells or by running an electric line to the site and using conventional power. Solar cells will cost $14,000 to install and will have a useful life of 10 years. Annual costs for inspection, cleaning, etc., are expected to be $1500. A new power line will cost $12,000 to install, with power costs expected to be $800 per year. The water sampling project will end in 5 years, with the salvage value of the solar cells expected to be 20% of the first cost. The electric line will stay in place, so its salvage value is considered to be zero. At an interest rate of 10% per year, which alternative should be selected?
How should the money be distributed and assuming that the partnership has only $600 instead of $1,800, do any of the three partners have a capital deficiency? If so, how much?
All of the costs ofgoods sold are variable, 50 pereent ofthe marketing and distribution costs are variable, and 40 percent ofthe administration costs are variable.
stiglers private interest theory proposes that regulatory bodies including accounting standard setters are made up of
Do you recommend that the organization advise Mr. Olsen to make the gift unrestricted or restricted? Give your reasons.
Marry and Max had adjusted gross income of 358000. They have itemized deductions of $20,000 consisting of $8,000 in medical expenses that exceed 10% of adjusted gross income, $3,000 in property taxes, $4000 in housing interest, and $5000 in miscellan..
Ernest, an individual, receives $100 from Vernon Corp. in dividends and is in the 28% tax bracket. Vernon Corp. already paid corporate taxes on the $100 at a 20% tax rate. Explain how much in personal taxes will Ernest need to pay?
journal entries of merchandise purchase on account.1. 3302009 sold 1700000 merchandise inventory on account.nbsp all
Identify whether it represents an accounting change or an error. If an accounting change, identify the type of change.
1.nbspmaddux inc. has completed its fiscal year and reported the following information. the company had current assets
Ratio Analysis of balance sheet - Current ration, acid test ratio etc and Operating data for Gallup Corporation are presented
yolanda fonagy sat in mr. voyteks accounting class frustrated and confused. she felt certain that she knew the basics
For June, Fosina Company had beginning materials inventory of $50,000, ending materials inventory of $60,000, and materials purchases of $280,000. What is the cost of direct materials used in production?
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