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Sonja and Sons, Inc., owns and operates a group of apartment buildings. Management wants to sell one of its older four-family buildings and buy a new building. The old building, which was purchased 25 years ago for $100,000, has a 40-year estimated life. The current market value is $80,000, and if it is sold, the cash inflow will be $67,675. Annual net cash inflows from the old building are expected to average $16,000 for the remainder of its estimated useful life. The new building will cost $300,000. It has an estimated useful life of 25 years. Net cash inflows are expected to be $50,000 annually. Assume that (1) all cash flows occur at year end, (2) the company uses straightline depreciation, (3) the buildings will have a residual value equal to 10 percent of their purchase price, and (4) the minimum rate of return is 14 percent. Use Table 1 and Table 2 in the appendix on present value tables. 1. Compute the present value of future cash flows from the old building. $_______ 2. What will the net present value of cash flows be if the company purchases the new building? $_______ 3. Should the company keep the old building or purchase the new one? ________a
A firm expects to sell 10,000 units of its product annually. It estimates that it costs $200 to place an order and that each unit costs $7 annually to carry in inventory. It takes 7 days to receive an order once it is placed, and the store is open..
Which of the following procedures is least likely to be performed before the balance sheet date?
titan football manufacturing had the following operating results for 2010 sales 19780 cost of goods sold 13980
two officers of corporation b disguised dividends as commissions and thus lowered the income tax on corporation bs
very briefly describe the following concepts and for each one explain using an example how each concept may cause a
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the account balances appearing on the trial balance were taken from the general ledger of flips copy shop at june 30
computer marys income or deductions for 2012 using the 1 cash basis and 2 the accrual basis for each of the following
cib inc. produces a product requiring 4 pounds of material costing 2.50 per pound. during december cib purchased 4200
What are the main characteristics of intangible assets? How are they presented in the balance sheet? How do you estimate their useful life? Why is there a distinction between purchased and internally created intangibles?
a. What is the average manufacturing cost per unit? b. What is the amount of ending finished goods inventory? c. What is the amount of gross margin?
Axel Corporation acquires 100% of the stock of Wheal Company on December 31, Year 4. The following information pertains to Wheal Company on the date of acquisition:
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