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A corporation is considering the purchase of new equipment costing 90000. The projected after ttax annual net income from the equipment is $3600, after deducting $30,000 depreciation. Assume that revenue is to be recieved at each year end. and the machine has a useful life of three years with zero salvage value. Management requires a 12% return on its investments. what is the net present value of this machine?
Arthur operates a part-time auto repair service. He estimates that a new diagnostic computer system will result in increased cash inflows of $2,100 in Year 1, $3,200 in Year 2, and $4,000 in Year 3.
Lyn, age 65, and Robert, age 66, are married and support Lyn's father (no taxable income) and Robert's mother, who has $2,200 of gross income. If they file a joint return for 2011, how many exemptions may Lyn and Robert claim?
Bliny Corporation makes a product with the following standard costs for direct material and direct labor: Prepare material and labor journal entries
Griggs Company holds $50,000 of 8% bonds as a held-to-maturity security. Which of the following is the correct journal entry to record the receipt of the semiannual interest payment.
Now that you understand what an AIS is, let's discuss the difference between data and information? Which one, in your opinion is more useful?
For the month of January, there were no units in the beginning work in process inventory; 60,000 units were started into production in January; and there were 15,000 units that were 40% complete in the ending work in process inventory at the end o..
Are there any other regulatory controls or mechanisms (other than internal controls) that could prevent management fraud in Australia? If so, briefly discuss the ability of these mechanisms to prevent fraud?
What is" balance sheet exposure". When converting a balance sheet from one currency to another currency what rate do we use? Are all balance sheet accounts adjusted as of the balance sheet date?
Variable manufacturing overhead is applied to products on the basis of standard direct labor-hours. If the direct labor efficiency variance is unfavorable.
What is the difference between external and internal pricing? What factors must be considered when setting internal transfer pricing between company divisions? What are the different methods of setting internal transfer pricing? Which is the most ..
Wecker Company's year-end unadjusted trial balance shows accounts receivable of $89,000, allowance for doubtful accounts of $500 (credit), and sales of $270,000. Uncollectibles are estimated to be 1.5% of accounts receivable. a) Prepare the Decemb..
In a recent month a CPA provided ten hours of volunteer time to the Society for the Visually Impaired. He devoted seven hours to maintaining the organization's financial records and three to recording tapes of newspapers and magazine articles.
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