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1. Snipes Construction paid for earth-moving equipment by issuing a $300,000, 3-year note that specified 2% interest to be paid on December 31 of each year. The equipment's retail cash price was unknown, but it was determined that a reasonable interest rate was 5%. At what amount should Snipes record the equipment and the note? What journal entry should it record for the transaction?
what will be the contribution per unit and the amount of fixed cost from the details below? calculate the break even
calculate plantwide overhead rate using machine hours on projected manufacturing costs for job no. 110. round your
in 2007 bauxite mining company purchased a bauxite mine for9000000. at the time of purchase bauxite estimated that
matthew hagen started his company the sign of things to come three years ago after graduat-ing from upper state
How are Capital Projects Funds controlled?
assess the impact the proposed leasing changes will have on balance sheets income statements and current leasing
Each unit of Black Corporation's inventory has a ceiling of $8,455, a normal profit margin of $1,500, and a current replacement cost of $6,800.
company p owns 80 of company s. on january 1 20x3 company s has outstanding 6 bonds with a face value of 200000 and an
The annual change in working capital is $20,000, and capital spending for maintenance exceeded depreciation in the prior year by $15,000. Both working capital and the excess of capital spending over depreciation are projected to grow at the same r..
Marketability Commercial banks use some funds to purchase securities and other funds to make loans. Why are the securities more marketable than loans in the secondary market?
rivera company has several processing departments. costs charged to the assembly department for november 2014 totaled
Explain how the $950,000 abandonment value can be viewed as the opportunity cost of keeping the project in one year.
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