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A diesel powered tractor with a costof 215,000 and estimated residual value of 27,000 is expected to have a useful operating life of 80000 hours. During October the generator was operated 380 hours. Determine the depreciation for the month.
Would the use of accelerated depreciation in the financial statements be more conservative or less conservative than the current practice of using the straight- line method? Explain."
The shop manager further explained that the shop was working overtime to “catch up a little” on its backlog of repairs, but it still needed to maintain a “decent” profit margin on the technician’s time. Illustrate do you agree with the shop’s comp..
How much external financing will the firm have to seek? Assume there is no increase in liabilities other than that which will occur with the external financing.
Compute General Mills' accounts receivable turnover ratio for 2004. (Assume that all sales are on credit. and determine the average collection period, in days, for an account receivable? Explain your answer.
The company's retained earnings are adequate to provide the common equity portion of its capital budget. Its expected dividend next year (D1) is $3 and the current stock price is $35. Determine the company's expected growth rate?
During the year, they spend $7,000 for child care expenses that are required so both of them can work outside of the home. Calculate the credit for child and dependent care expenses.
Evaluate the net present value. (Negative amount should be shown by a minus sign. Round discount factor(s) to 3 decimal places, other intermediate evaluations and final answer to the nearest whole dollar.)
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show dollar amounts.
Who are the users of ratio analysis and Describe what ratio analysis is to your classmates.
There are 1,300 bags on hand at start of January. VitaPup desires to maintain monthly ending inventory equal to 10% of next month's expected sales
Show the accounts and changes, if any, that will result if the firm pays the dividends indicated in parts a and b. show the effects of $80,000 cash dividend on stockholders' equity.
Make a series of reports Whole period-end accounting activities (adjusting entries) Examine the firm via a series of questions (see the Check Your Progress- Project section of the project)
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