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Assume Research In Motion invested $834 million to expand its manufacturing capacity. Assume that these assets have a seven-year life, and that Research In Motion requires a 12% internal rate of return on these assets.
What is the amount of annual cash flows that Research In Motion must earn from these projects to have a 12% internal rate of return? (Hint: Identify the seven-period, 12% factor from the present value of an annuity table, then divide $834 mill by the factor to get the annual required cash flows.)
Assess RIM's most recent annual financial statements, from its website (rim.com) or the SEC's website (sec.gov).
a. Determine the amount that RIM invested in capital assets for that year. (Hint: Refer to the statement of cash flows.)
b. Assume a seven-year life and a 12% internal rate of return. What is the amount of cash flows that RIM must earn on these new projects?
The balance sheet for Reading Company reports the following information on July 1, 2010. Reading decides to redeem these bonds at 102 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2010.
The company will purchase the carpets from a local distributor for $350 each, with the privilege of returning any unsold units for a full refund. Jerry's club has offered Color Rugs two payment alternatives for the use of space.
What is Canteen's total US gross income reported as a result of the $8000 cash dividend?
If all of the methods produce similar results, then decision makers can have more confidence in the estimated cost of equity. Why do you think this is a correct statement?
From the following data, prepare a classified balance sheet for Simon Company at December 31, 2006.
Which audit procedure is most effective in testing credit sales for overstatement?
Mahtomedi Corporation is considering investing in specialized equipment costing $240,000. The equipment has a useful life of five years and a residual value of $20,000. Depreciation is calculated using the straight line method. The expected net ca..
Why is it so subjective and what are the implications to the quality of the income statement?
Prepare the entry in November for the receipt of the subscriptions. Prepare the adjusting entry at December 31, 2007, to record subscription revenue earned in December 2007. Prepare the adjusting entry at March 31, 2008, to record subscription revenu..
Prepare journal entries to record the following transactions related to long-term bonds of XYZ Co. On July 1, 2008 XYZ retired $150,000 of the bonds at 102 plus accrued interest. XYZ uses straight-line amortization.
You have purchased a car for $6,500, you pay $500 deposit, and then monthly payments are $317.22. The interest rate is 24% per annum, compounded monthly . How many payments must you make?
By how much will Appling's earnings be increased or decreased by the bonds (ignoring taxes) in the December 31 annual financial statements?
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