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The following problem requires present value information:
Biotech sold a patent on a new blood analyzer to Pharma. Thesales agreement which was signed on January 1, 2006 requires Pharmato pay Biotech $1 million immediately. In addition, Pharma isrequired to pay $600,000 each December 31 for 20 years startingwith December 31, 2006. Pharma and Biotech judge that 10 percent isan appropriate interest rate for this arrangement.
Compute the present value of the receivable on Biotech'sbooks for January 1, 2006 immediately after receiving the $1million down payment.
Compute the present value of the receivable on Biotech'sbooks on December 31, 2006.
Compute the present value of the receivable on Biotech'sbooks on December 31, 2007.
The practice of reporting the net realizable value of receivables in the financial statements is commonly called:
Stowers Research issues bonds dated Jan 1, 2011, that pay interest semiannually on June 30 and December 31. The bonds have a $20,000 par value and an annual contract rate of 10%, and they mature in 10 years.
What method would be most appropriate for calculating the division's return on investment (ROI)? Why? Using this method, what is ROI for the current year?
The company's cost formula for variable overhead is $9.50 per MH. During the month, the actual total variable overhead was $51,300 and the actual level of activity for the period was 5,700 MHs. What was the variable overhead rate variance for the ..
Roskoff subsequently paid this balance. At December 31, 2009, an analysis of the accounts receivable aging schedule indicated the need for an allowance for uncollectible accounts of $14,900.
What is the acquisition cost of each asset? Prepare a journal entry to record the acquisition. Danny plans to depreciate the operating assets on a straight-line basis for 20 years. Determine the amount of depreciation expense for 2008 on these newl..
What criterion must be met for true comparability?
What is the amount of the joint costs allocable to A before the changes are made to the existing production process assuming the company allocates its joint costs according to the proportion of units produced?
Prepare the journal entries for these transactions, assuming that the common stock has a par value of $3 per share. Prepare the journal entries for these transactions, assuming that the common stock is on-par with a stated value of $2 per share.
What should be the gain on sale of this investment in Rich's 2011 income statement?
In November and December 2007, ABC Company received $75,000 for 1,000 three-year subscriptions at $25 per year starting with the January 2008 issue. What amount should ABC report in its 2007 income statement for Subscriptions Revenue
Now, assume that fixed and variable costs were allocated separately. How should each pool be allocated? What is the total cost to be allocated to the city department with this method?
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