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Question - Komoka Enterprises needs someone to supply it with 153,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you've decided to bid on the contract. It will cost you $953,000 to install the equipment necessary to start production. The equipment will be depreciated at 30% (Class 10), and you estimate that it can be salvaged for $98,000 at the end of the five-year contract. Your fixed production costs will be $448,000 per year, and your variable production costs should be $16.40 per carton. You also need an initial net working capital of $103,000. If your tax rate is 35% and you require a 12% return on your investment, what bid price should you submit?
What are the ten most significant internal controls weaknesses in the Loom Reclamation Program? Give it a lot of thought. You need to write an audit comment for each item which includes your recommendation.
What would be the assessed value of a medical office building with a floor area of 3500 sq. ft., 2 offices, that was built 15 years ago?
What is the effect of the distribution on Crane Corporation's E & P? Also, what is the proper tax treatment of the redemption expenditures
Describe the role of financial accounting in contemporary business. Also, describe the role Generally Accepted Accounting Principles
In at least 200 words, please comment about this article as it relates to the topic of "Professional & Ethical Judgement". What are some of the key takeaways.
The proper amount of cash is paid. The exchange lacked commercial substance. Make all entries that are necessary at April 1, 2018
James rents his vacation home for 30 days during the year and lives in it personally for 10 days. What is James income or loss from the rental property
1. Define and discuss the purpose and impact of Active Participation 2. Define and discuss the purpose and impact of Tax shelters 3. Define and discuss the purpose of "Fruit of the Tree"
Explain the internal control weakness in Two Symbols' cash disbursements system and discuss the risk associated with the weakness
Companies often borrow money to fund operating activities. What do lenders distinguish between cyclical cash needs and cash needed to fund operating losses
gentry inc. acquired 100 of gaspard farms on january 5 2010. during 2010 gentry sold gaspard farms for 625000 goods
Assuming that the US Corp. has a December 31 year end, prepare the necessary journal entries to account for the series of transactions involving the purchase.
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