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Question :
Hungry and Feed Foundation is a non-profit organization that has a cost of capital of 10 %. The foundation is supposing the replacement of a piece of equipment. The old machine has a book value of $3,000 and a residual estimated life of 5 years with no salvage value at that time. The salvage value of the old machine is presently $1,500. The new equipment can cost $10,000. It has an estimated life of 5 years with no salvage value then. Annual cash operating costs are $4,000 for the old machine and $2,000 for the new machine.
a. Refer to Feed the Hungry Foundation. What is the current value of the operating cash outflows for the old machine?
b. a. Refer to Feed the Hungry Foundation. What is the current value of the operating cash outflows for the new machine?
c. a. Refer to Feed the Hungry Foundation. What is the current value of salvage value of the old machine if it is replaced now?
d. a. Refer to Feed the Hungry Foundation. Would you advise the organization to replace the machine?
At the beginning of 2012, there was $1,600 of materials on hand. During the year, the company purchased $324,000 of materials; however it paid for only $314,000. How much inventory was requisitioned for use on jobs during 2012?
Rand still owned 40% of the goods at the end of the year. Cost of goods sold was $10,800,000 for Webb and $6,400,000 for Rand. What was consolidated cost of goods sold?
The CPA firm has decided to observe the physical inventory at only two of Lakeside's six stories. Given the materiality of the inventory balance, was this decision appropriate?
Changes in Variable Costs, Fixed Costs and Selling Price, and Volume. The marketing manager argues that a $5,000 increase in the monthly advertising budget would increase monthly sales by $9,000. Should the advertising budget be increased?
Questions based on consolidated balance sheet - Compute the total goodwill reported in P's consolidated balance sheet at 1/1/09
The following special journal is taken from a merchandising company that uses the perpetual inventory system: What is the name of the journal shown above?
Prepare the year-end entries for any amounts that could be recorded as a result of each of the above contingencies.
Identify items of cash (and cash equivalents), understand the importance of cash management, and discuss revenue recognition when the right of return exists
The building had a fair market value of $78,353 on the date of the sale. Prepare any journal entries (if necessary) that would be required related to the Note Receivable at the end of 2009, 2010, 2011, and 2012.
Evaluate interest expense would be reported on the 2012 income statement? Determine total liabilities would be reported on the 31 st December, 2012, balance sheet?
Determine the average return for Treasury bills and the average annual inflation rate (consumer price index) for this period. (Do not include the percent sign (%). Round your answers to 2 decimal places, e.g. 32.16.)
Describe why the cost of the pollution-control equipment was not expensed in 2007. What conditions would have allowed Merton to expense the equipment? If Merton has a choice, would it prefer to expense or capitalize the equipment?
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