User Account

All Pages

Axe corporation is considering investing in a machine which

Assignment Help Accounting Basics
Reference no: EM13598075

Axe Corporation is considering investing in a machine which has a cost of $25,000. The estimated life of the machine is 5yrs, with no salvage value. Axe anticipates annual net income after taxes of $1,500 from selling the product produced by the new machine. What is Axe's rate of return on average investment assuming the Axe uses straight-line depreciation and that the annual production is sold at the end of each year?

Reference no: EM13598075

Questions Cloud

Bricker enterprises purchased a machine for 210000 on : bricker enterprises purchased a machine for 210000 on october 1 2012. the estimated service life is ten years with a
Marcella paid 20 for a music cd for which she later was : marcella paid 20 for a music cd for which she later was offered 25. after that someone offered her 30 for the cd. if
Mott company uses the units-of-activity method in computing : mott company uses the units-of-activity method in computing depreciation. a new plant asset is purchased for 24000 that
Describe the difference between temporary and permanent : describe the difference between temporary and permanent accounts and state which ones are closed. describe the purpose
Axe corporation is considering investing in a machine which : axe corporation is considering investing in a machine which has a cost of 25000. the estimated life of the machine is
If you are doing a depreication expense using a straight : if you are doing a depreication expense using a straight line or declining method would you add a surveyor fees in with
The router division has sales of 500000 cost of goods sold : the router division has sales of 500000 cost of goods sold of 350000 operating expenses of 50000 and invested assets of
Haven company uses the percentage of sales method for : haven company uses the percentage of sales method for recording bad debts expense. for the year cash sales are 600000
72000 in raw materials were requisitioned for use in : larned corporation recorded the following transactions for the just completed month. a. 72000 in raw materials were

Reviews

Write a Review

Accounting Basics Questions & Answers

  Preparing schedule indicating cash collections of accounts

The company expects to sell 20% of its merchandise for cash. Of sales on account, 50% are expected to be collected in the month of the sale, 30% in the month following the sale, and the remainder in the following month. Prepare a schedule indicati..

  Journal entries of raptor corporation

On July 1, 2002, Raptor Corporation, a wholesaler of used robotic equipment, issued $7,500,000 of ten-year, 10% bonds at an effective interest rate of 12%, Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year o..

  Determine the effects of events on aaa

She receives a $6,000 distribution, and her share of S corporation items includes a $2,000 long-term capital gain and a $9,000 ordinary loss. Determine the effects of these events on AAA, stock basis, and AEP.

  Which of the following is not a factory overhead allocation

1.which of the following is not a factory overhead allocation method? single plantwide rate multiple departmental rates

  Jacobsen inc is planning to sell 200 buckets and produce

jacobsen inc. is planning to sell 200 buckets and produce 190 buckets during march. each bucket requires 500 grams of

  Riverdale printing company prints limited edition art books

riverdale printing company prints limited edition art books with production runs of 15000 to 100000. it has recently

  Discuss the business environment at xerox

Discuss the similarities and differences between the indicators of finance leases under IFRS and the criteria for capitalizing leases under U.S. GAAP and explain which approach you believe most accurately reflects the information on the financial ..

  Burgoon uses an economic order quantity model and has

burgoon uses an economic order quantity model and has determined an optimal order size of 500 units. annual demand is

  Estimate the income participation of wyatt and truett

determine the income participation of wyatt and truett according to each of the five assumptions as to income division

  On october 1 2009 hullie amp oates rented a portion of one

1. on the designated worksheet prepare in journal entry form the adjusting journal entries for the following items.a.

  In the past the abc company allocated indirect

in the past the abc company allocated indirect manufacturing costs based on direct labour hours. recently management

  Austin wool products purchases raw wool and processes it

austin wool products purchases raw wool and processes it into yarn. the spindles of yarn can then be sold directly to

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd