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Cottrell, Inc., is investigating an investment in equipment that would have a useful life of 9 years. The company uses a discount rate of 15% in its capital budgeting. The net present value of the investment, excluding the salvage value, is ?$230,392. To the nearest whole dollar how large would the salvage value of the equipment have to be to make the investment in the equipment financially attractive?
during all of 2011 mr. and mrs. clay lived with their four children all are under the age of 17. they provided over
as of december 31 2010 the end of the prior quarter the companys general ledger showed the following account
read appendix b sample brief memorandum that starts on page 193 of the textbook. in 2-3 pages 12 point font double
heavenly sounds corp. an electric guitar retailer was organized by mickey blessing john frey and nancy stein. the
There are several methods, LIFO, FIFO, Weighted Average, Market, and Historical Cost. If you are in the retail/wholesale business, would you use the same method that you would use if you were in the manufacturing business?
during the year the hotel expects to rent 30000 rooms. rooms rent for an average of 90 per night. the hotel expects to
xyz company uses the lifo method for inventory costing. the company reported total inventory of 441 million on their
Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 2013. The book value and fair value of Vicker's accounts on that date (prior to creating the combination) follow, along with the book value of Bullen's accounts
using the appropriate interest table compute the present values of the following periodic amounts due at the end of the
What form should Phil record these three activities? Prepare the entries to record the transactions - Obtained estimates on the cost of photography equipment from three different manufacturers.
why do auditors find it necessary to use sampling? what are the risks associated with sampling? how might these risks
rosen company purchased 35000 shares of common stock of corporation as a long-term investment for 800000. during the
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