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An endowment fund is to be set up to finance a community resource center at an investment of $150,000 that would subsequently need $15,000 per year for operations and maintenance. In addition, it is expected that major periodic upgrades will cost $10,000 every four years. The community center is expected to operate forever. Find:
(a) The amount needed at time zero (or CW) for this project at an interest rate of 10%; and
(b) From a practical perspective what is the value of N that represents "forever"?
In addition Y and Z follow Federal provisions with respect to the determination of taxable income for the corporation. Y recognizes S status, but Z does not. Based on the following information, write a memo to the shareholders of Hernandez detaili..
gammell issued 50000 bonds payable 9 annual interest maturity in ten years. the bonds were issued at 52000. gammell
1.what are the functional currencies of fords subsidiaries?2.how much and where did ford report the gain or loss on
dave is the president of avon consulting inc. avon began business on january 1 2012. the companys controller is out of
dye company at a sales level of 5000 units sales were 75000 variable expenses total 40000 and fixed expenses were
meesha barten is treasurer and owns 2.1 of itheenk eimhott corporation iec an s-corporation that banks at bank of
on june 30 2011 vende inc. sold some used equipment for 28000. the equipment had been purchased several years ago for
Overhead cost is applied to units based on direct labor hours. For April, total overhead cost was budgeted at $80,000 based on a denominator activity level of 20,000 direct labor hours for the month.
the balance sheet for crutcher corporation reported 136000 shares outstanding 223000 shares authorized and 10500 shares
a company manufactures an electric motor that is uses inseveral of its porducts. management is considering whether to
Thus far in class we've talked about many interesting topics in international accounting including international accounting standards, the history of accounting, IFRS vs. US GAAP, the FASB Codification, convergence, harmonization, foreign currency..
Under the modified accrual basis of accounting, revenues are recognized in the period:
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