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LightWave Communications, Inc., spent $100 million expanding its fiber optic communication network between Chicago and Los Angeles during 2005. The fiber optic network was assumed to have a 10-year life, with a $20 million salvage value, when it was put into service on January 1, 2006. The network is depreciated using the straight-line method. At the end of 2007, the ex- pected traffic volume on the fiber optic network was only 60% of what was originally expected. The reduced traffic volume caused the fair market value of the asset to be estimated at $45 mil- lion on December 31, 2007. The loss is not expected to be recoverable.
a. Determine the book value of the network on December 31, 2007, prior to the impairment adjustment.
b. Provide the journal entry to record the fixed asset impairment on December 31, 2007.
c. Provide the balance sheet disclosure for fixed assets on December 31, 2007.
your friend is facing an important decision. she was recently hired by a large bank xyz as a junior associate. her
Fliers is planning creating and selling custom kites in two sizes. The small kites price will be $9 & the large kites price $24. The variable cost per unit is 5 and 11 dollar, respectively.
Does insider trading violate the Securities Act of 1933? If so, what section? If not, why not?
You have the option of leasing the furniture, or buying the furniture. You can purchase the furniture for $15,000 per year, or lease the same furniture for $5,000 per year for the next four years.
Prepare a revised pro forma forecast assuming level production. In your forecast, assume that quarterly accounts payable under level production equal 10 percent of the average quarterly sales for the year.
source ltd is currently considering a major capital investment project for which additional finance will be required.
How do you interpret the negative numbers for income taxes in the first two quarters? How was "external financing required" appearing at the bottom of the forecast determined?
If XYZ Corporation has a growth rate of 4 percent, a required rate of return (rs) of 11.5 percent, a most recent dividend paid of $5.00.
What costs are relevant to decision making and how do managers overcome the natural tendency to consider historical and sunk costs when evaluating business alternatives?
A stock portfolio is similarly allocated among Stock A, B, & C. Stocks A, B, & C have betas of 1.9, 1, and 0.57, respectively. The market has just risen 4 percent.
Acme producing is a decentralized company. Sections are treated as investment centers. In recent years, Acme has been running about 11 percent ROA for company as a whole, and has a cost of capital of 9%.
Compute the efficiency variances for direct labor and direct materials and provide likely explanations for the variances. Do you have reason to be concerned about your performance evaluation? Explain.
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