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A company is planning to purchase a machine that will cost $36,000, have a six-year life, and be depreciated over a three-year period with no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the accounting rate of return for this machine? Sales $150,000 Costs: Manufacturing $54,000 Depreciation on machine 6,000 Selling and administrative expenses 50,000 (110,000) ________________________________________ ________________________________________ Income before taxes $40,000 Income tax (30%) (12,000) ________________________________________ Net income $28,000 ________________________________________________________________________________ 77.78%. 50.00%. 6.00%. 155.56%. 33.33%.
What is the correct price for a stock? Is it book value, liquidation value or is it the listed market price at a given moment of time? Would you value a privately-owned company where there is no "listed market price" differently than a publicly owned..
Calculate Pounds capital in the new partnership and journalize the partnership's receipt of the $40,000 from Pound.
Thread: The world of finance teaches that borrowing money can be a high-risk, high-reward option. Scripture has some passages that seem to clearly warn people to be cautious about getting into debt. What are some of the natural consequences of borrow..
The following transactions occurred during May, the first month of operations for XYZ Company: Calculate the balance in the cash account at the end of May.
Star Corporation issued both common and preferred stock during 20X6. The stockholders' equity sections of the company's balance sheets at the end of 20X6 and 20X5 follow.
Prepare a statement of cash flows in proper form for 2006, using the indirect or the direct method and Prepaid expenses pertain to operating expenses; accounts payable pertains to merchan-dise purchases.
Cash received from customer A is credited to the account of customer B. What the journal be?
Look at the various fraud statistics in Table 14.1 of your text. Determine the characteristics of the person most likely to perpetrate a large fraud. Post your opinions on this to the discussion forum and give the reasons why you think such a person ..
given base index and index at delivery estimation of adjusted contract price.given the following contract information
Salmon, Inc., a private foundation, has existed for 8 years. During this period, Salmon has been unable to satisfy the requirements for classification as a private operating foundation. At the end of 2013, it has undistributed income of $350,000. Of ..
Compute the affected ratio (1) as of December 31, 2013, and (2) as of December 31, 2014, after giving effect to the situation. Net income for 2014 was $50,000.
Pharoah Company is considering an investment that will return a lump sum of $931,900, 4 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount shoul..
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