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Two 100-horsepower motors are under consideration by the Mighty Machinery Company. Motor Q costs $5,000 and operates at 90% efficiency. Motor R costs $3,500 and is 88% efficient. Annual operating and maintenance costs are estimated to be 15% of the initial purchase price. Power costs 3.2 cents per kilowatt-hour. How many hours of full-load operation are necessary each year in order to justify the purchase of motor Q? Use a 15-year planning horizon; assume that salvage values will equal 20% of the initial purchase price; and let the MARR be 15%. (Note: 0.746 kilowatts = 1 horsepower).
Draw document flowchart for the accounts payable procedures described above. Note: use same-page connector where it is appropriate.
preparation of cash flows statement using indirect method.presented below is information related to the operations of
Leo Lion Corporation incurred manufacturing wages of $17,000, 55% of which were direct labor charges and 45% indirect labor charges. In a single journal entry give the journal entry to record the direct and indirect labor incurred.
1. Start with the Capital Accounts. How do they differ? How are they the same? Are they realistically presented? What are the Book Values, and what are the present Ratio of the stock Prices to Book Value.
standard fraud risk assessment questionif someone did want to commit fraud and not be caught how would they do it?one
what minimum price would be acceptable? What qualitative factors should Big Al’s considered before agreeing to accept the special order?
Identify and describe accountants' exposure to lawsuits and loss judgments. Describe the SEC activities and literature involved in the regulation of accounting.
Check one or more control procedures (either general or application controls or both) that would guard against the error.
Tina is a new client for the firm. Illustrate what tax advice should we provide Tina about her prior and current tax returns concerning her songwriting career?
Lauer Company reported net income of $66,800 on sales of $300,000. The company has total assets of $500,000 and total liabilities of $100,000. What is the company's return on equity ratio? 10.0%, 12.5%, 16.7% or 50.0%
question 1in 2011 jeffrey company disposed of a segment of its business and incurred a pretax loss on the disposal of
Burt Company produces flash drives for computers, which it sells for $20 each. Variable costs are $8 per flash drive. During March, 1,000 drives were sold. Fixed costs for March were $4.90 per unit for a total of $4,900 for the month. If variable cos..
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