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Question - Daisy Tara planted a new vineyard in the year 2020 on a 150 acres of land that she leases for P30,000 a year. She has asked you as her accountant to assist her in determining the value of her vineyard operation as of January 1, 2021 given the following assumption on a 40-year lease. The vineyard will bear no grapes for the first 5 years (1-5). In the next 5 years (6-10), Daisy estimates that the vines will bear grapes that can be sold for P60,000 each year. For the next 20 years (11-30) she expects the harvest will provide annual revenues of P110,000. But during the last 10 years (31-40) of the vineyard's life, she estimates that the revenues will decline to P80,000 per year. During the first 5 years the annual cost of pruning, fertilizing, and caring for the vineyard is estimated at P9,000; during the years of production, 6-40 years, these cost will rise to P12,000 per year. The relevant market rate of interest for the entire period is 12%. Assume all receipts and payments are made at the end of each year.
Required - On the basis of the current value of business as of January 1, 2021, what are the net present values of the expected future cash flows for the following periods as of January 01, 2021?
a) 1-5 years
b) 6-10 years
c) 11-30 years
d) 30-40 years
the warbler jeans company produces two different types of jeans. one is called the simple life and the other is called
Determine the Total amount of goodwill of Klaire Company based on the price paid by Karen Company? Net investment income from Investment in Klaire Company?
What happens to net income if for product 1 the price is increased to $150 and the volume is decreased to 6,500 units
Problem - Share Issuances and Repurchase. Please prepare the journal entry to record item 3 using the cost method. Prepare the journal entry to record item 1
Frasco Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.025 hours. Calculate the total variance for production labor
Frank is eligible to treat inventory as non-incidental materials and elects to do so. Explain how Frank will treat his oil filter inventory
XYZ Company sells its razors at $8.00 per unit. The following data relates to its first year of operations. Prepare an income statement based on variable costing.
Common Stock exchanged for outstanding Long Term Notes Payable of $150,000. MAKE a partial Statement of Cash Flows for Somerset Company
ABC Company's projects the next period sales will be 12,000 units, what is the number of units that will need to be purchased for the current month
During May, Cheshire produced 5,500 units. Budgeted fixed overhead is $60,000 and overhead incurred was $67,000. Determine the volume variance for May
One example of unethical activity is bribery. Explain what it is, how common the practice is, and where it is found. Justify your reasoning with at least 1 journal article.
The company is considering whether it should keep or replace it's existing equipment. What is the incremental cost to replace the old equipment
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