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Sammy is in the doghouse business. He bought an automatic doghouse machine on January 1 for $10,000. He estimates it will last him for 10 years, after which it will be worthless. After five years, he wished he had bought the deluxe model which also puts on the roof. In order to buy the newer machine, he sells the first machine on December 31 of the 5th year for $3500.
1. Calculate the annual depreciation over the useful life of the machine using the straight line depreciation method. Set up a depreciation schedule.
2. Determine his income or loss from the sale of the old machine at the end of the 5th year.
3. What is the book value of the machine at the end of the 3rd year?
The corporation's fixed assets were used to only 50% of capacity during 2005, but its current assets were at their proper levels. All assets except fixed assets rise at the same rate as sales,
Describe and discuss the concept of ethics, please give an example.
Les Moore retired as president of XYZ Company but is currently on a consulting contract for $55,000 per year for the next 10 years. If Mr. Moore's opportunity cost (potential return) is 10 percent, what is the present value of his consulting contr..
Loan amortization schedule Joan Messineo borrowed $15,000 at a 14 percent yearly rate of interest to be repaid over 3 years. The loan is amortized into three equal, annual, end-of-year payments.
You hold the positions in the table below. What is the beta of your portfolio? If you expect the market to earn 12 percent and the risk-free rate is 3.5 percent, what is the required return of the portfolio? (LG3)
What is the nominal interest rate on a 7-year Treasury security? Round your answer to two decimal places.
Durkin Cement purchases on terms of 2/15, net 30 days. It does not take discounts and it typically pays 68 days after the invoice date. Net purchases value to $720,000 per year.
Explain how many break points are thre in the marginal cost of capital schedule
Not long ago, vanessa woods sold her company for several million dollars (after taxes). She took some of that money and put it into the stock market. Today, vanessa's portfolio of bluechip stocks is worth 3.8 million. Why would she choose to hedge..
Your salary for the coming year is $100,000 (payable one year from now) and you expect to work for another 30 years. You expectyour annual base salary to grow at a 4% annual rate during the remainder of career.
Which of the following actions would improve this ratio? (Hint: create a simple balance sheet that has a current ratio of 0.5. Then, judge how the transactions below would affect the balance sheet.)
A firm has 110,000 shares of stock outstanding. The firm is considering borrowing $1.5 million at 7.5% interest and using the loan proceeds to repurchase 30,000 shares of stock. What is the value of the firm? Ignore taxes.
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