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Greystoke, Inc. acquires the assets of Blackstone, Ltd. for its voting convertible preferred stock and assumes liabilities of $60,000. The assets have a basis of $250,000 and a value of $380,000. One of the shareholders in Blackstone trades her old shares with a basis of $3,000 for stock in Greystoke worth $3,200.
(a) What kind of reorganization took place?
(b) What is Greystoke's basis in the acquired assets?
(c) What is the shareholder's basis in her new stock?
(d) What would change, if, instead of assuming $60,000 of liabilities, this amount were paid in cash?
Aborkian Co. is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are:
The Adler Company manufactures a product with a unit variable cost of $50 and a unit sales price of $88. Fixed manufacturing costs were $240,000 when 10,000 units were produced and sold.
the opportunity to replicate the orignal project at the end of its life. What is the total expected NPV of the two project if both are implemented?
Maxey company had current and noncurrent liabilities of $50,000 and $150,000, respectively. The company's current assets were $76,000, out of a total asset figure of $424,000. Calculate the company's debt ratio.
Moped, Inc. purchased machinery at a cost of $22,000 on January 1, 2011. The expected useful life is 5 years and the asset is expected to have salvage value of $2,000. Moped depreciates its assets via the double-declining balance method.
The financial reporting carrying value of Boze Music's only depreciable asset exceeded its tax basis by $150,000 at December 31, 2009. This was a result of differences between straight line depreciation for financial reporting purposes and MACRS f..
What is the internal rate of return? What is the accounting rate of return based on the initial investment? What is the payback period?
List and describe four potential problems with a "traditional" overhead allocation system. List and describe four "red flags" that may indicate you should consider revising your overhead allocation system.
In 30 years, what will your company's repayment be if you issue the coupon bonds? What if you issue the zeroes?
Assume for 2011 that Don made one transfer involving his granddaughter as follows: Don opened a joint checking account with his granddaughter, with right of survivorship, for her college expenses.
Now compute the present value of the income stream from the gold mine at a discount rate of 5%, and at a discount rate of 3%
Which of the following 3 bonds should I invest in assuming a 7% interst rate? Please show how you manually calculated this.
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