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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
Calculate the price should offer to get the lowest possible purchase price to maximize the profit. NB: Any calculation should be rounded off to nearest rupee
Using the LIFO method: beginning inventory on August 1 has 2 items valued at $100 each. On August 8, three items were purchased for $250 per unit. On August 10, two units were sold. On August 20, two units at $300 each were purchased. What is the val..
During a recent accounting period, Marty's shipping department processed 26 orders. Each order typically takes four hours to complete. However, the average time increased to five hours because of various departmental inefficiencies. If shipping labor..
Calculate the selling price being asked by each business and the purchase price offered by Photographics. Should each business sell out to Sharp Photographics?
Explain each alternative and include implications to the company's capital structure and cost of capital, if any. Considering the size of the investment
Compute the listed ratios for 2009 and 2008 showing supporting calculations and assess the financial performance of Westward, given the analysis tools used in questions 1 and 2 above.
Pays $10,000 in dividends, assets change to $151,000, and common stock remains unchanged. What must their total liabilities be next year?
Do you believe that ethics can be taught in a traditional learning environment to prevent future accounting scandals? Where else might ethics be taught
P50,000 on the same date., three hours after formation of the partnership. How much should be the capital balance of EE right after formation?
For each of the following situations, calculate the amount of bond discount or premium, if any. (Do not round your intermediate calculations.)
Calculate the size of the equal payments that he deposited at the beginning of every 3 months. orey's retirement fund has an accumulated amount of $60,000.
you have been asked by the CFO of your firm to look at ways to improve your key accounting operations (billing, A/R, and A/P). Recommend a best practice for one of these functions, explaining how your best practice will improve your firm’s operations..
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