Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
RealTurf is considering purchasing an automatic sprinkler system for its sod farm by borrowing the entire $45,000 purchase price. The loan would be repaid with four equal annual payments at an interest rate of 12%/year. It is anticipated that the sprinkler system would be used for 9 years and then sold for a salvage value of $5,000. Annual operating and maintenance expenses for the system over the 9-year life are estimated to be $9,000 per year. If the new system is purchased, cost savings of $21,000 per year will be realized over the present manual watering system. RealTurf uses a MARR of 15%/year for economic decision making.
a) Show the internal rate of return used to reach your decision ____%
b) Based on an internal rate of return analysis, is the purchase of the new sprinkler system economically attractive? (yes or no)
How should Joe have recorded each of the four events? If the entry was not corrected, which financial statements would be affected? What balances would be overstated or understated?
the company determined that the copyright would expire at the end of 2016. How much should the co. record as amortization expense for copyright for 2011?
Products with better quality will help establish an improved product image and reputation, allowing the division to capture new customers and increase market share.
Assuming Alison uses the equity method, what balance should appear in the Investment in Holister account as of December 31, 2011?
The most noteworthy item on the income statement is net income. The most noteworthy item on the cash flow statement is not net cash flow." Explain this comment and if you agree, what might be?
Rode Inc. incurred a net operating loss of $556,700 in 2014. Combined income for 2012 and 2013 was $352,200. The tax rate for all years is 30%. Prepare all the journal entries necessary at the end of 2014.
How many shares of common stock are authorized, issued, and outstanding? Why didn't Priceline.com pay dividends to common stockholders in any of the three years shown?
On September 26, 2013, Vu Industries announced a 3-for-1 common stock split. Which of the following items would be increased by the stock split?
journal entries for sold merchandise inventory on account.1.3142009 sold 700000 merchandise inventory on account.nbsp
Compute the EPS amounts that TaylorT should report for 20X2 and Dividends were declared and paid semi-annually, on 31 May and 30 November.
Calculate the balance in the account, "Allowance to Adjust Long-term Investments to Market," on A. December 31, 2009 and B. December 31, 2010.
The Talley Corporation had a taxable income of $345,000 from operations after all operating costs but before (1) interest charges of $69,000, (2) dividends received of $10,350, (3) dividends paid of $17,250, and (4) income taxes. What are the firm's ..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd