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Question
The management of Flint Inc. was discussing whether certain equipment should be written off as a charge to current operations because of obsolescence. This equipment has a cost of $1,107,000 with depreciation to date of $492,000 as of December 31, 2017.
On December 31, 2017, management projected its future net cash flows from this equipment to be $369,000 and its fair value to be $282,900. The company intends to use this equipment in the future.
Prepare the journal entry to record the impairment at December 31, 2017.(If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Assuming absolute PPP holds, what is the cost in the United States of an Elkhead beer if the price in Canada is Can$2.50?
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James Smith has a 10-year ordinary annuity that pays $1,500 every 6 months and has an annual percentage rate (APR) of 7.5%. Calculate the future value of this ordinary annuity. Assuming this was an annuity due, calculate the future value of this annu..
Identify financial contracts that can be used to hedge risk and describe how each affects the risk of a project or firm.
The bonds have 12 years to maturity and the required rate of return on bonds of similar risk is 12%. What is the value of 4F bond?
Suppose a corporation sells 5,000 units of a product each year at a price per uit of $380. All sales are on credit with terms of 1/10, net 30. The discount is taken by 35 percent of th customers. What is th amount of the company's account receivable?..
Which of the following is considered a hybrid organizational form?
Threats of new entrants is relatively low due to the industry being capital intensive. This mature industry leaves little room for newcomers.
Calculate the initial weighted average cost of capital using Ke. How large a capital budget can the firm support with retained earnings financing?
Assume there are no corporate taxes and that the firm's WACC is unaffected by its capital structure. Which of the following is true?
RRM Incorporated has just declared a dividend of $10.25 per share. The tax rate of dividends is 20 percent. The tax rate on capital gains is zero. The tax laws require the taxes to be withheld when the dividend is paid. RRM currently sells for $107..
Which of the following would be considered a relevant cash flow that should be included when determining its initial investment outlay?
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