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Gull Corp. is considering selling its old popcorn machine and replacing it with a newer one. The old machine originally cost $5,000 and has been fully depreciated. Annual costs are $4,000. A high school is willing to buy it for $2,000. New equpiment would cost $18,000 and annual operating costs would be $1,500. Both machines have an estimated useful life of 5 years.. What decision should they make?
Landry's Restaurants reported cost of goods sold of $322 million and accounts payable of $83 million for 2003. In 2002, cost of goods sold was $258 million and accounts payable was $72million. What was Landry's accounts payable turnover ratio in 2..
during the year the hotel expects to rent 30000 rooms. rooms rent for an average of 90 per night. the hotel expects to
On January 1, 2013, Subsid had common stock of $260,000 and retained earnings of $400,000. During that year, Subsid reported sales of $270,000, cost of goods sold of $140,000, and operating expenses of $54,000.
The credit manager of Gary prepared an aging schedule of accounts receivable and estimates that $4,800 will prove to be uncollectible.
Fuqua Company had total assets of $800,000 and total liabilities of $500,000 - What is the amount of total assets at the end of the year?
leesburg sold a machine for 2200 on november 10th of the current year. the machine was purchased for 2600. leesburg had
Prepare the incremental analysis for the decision to make or buy the lamp shades. Should shannon Inc buy the lamp shades.
How much of these amounts can Victoria deduct?
1.dougherty company employs 20 individuals. eight employees are paid 12 per hour and the rest are salaried employees
During 2010 Silas Inc. had sales revenue $564,000, gross profit $264,000, operating expenses $99,000, cash dividends $45,000, other expenses and losses $30,000. Its corporate tax rate is 30%. What was Silas's income tax expense for the year?
an investment of p dollars now will yield cash inflows of 3000 at the end of the first year and 2000 at the end of the
a compute the revised annual depreciation on each asset in 2014b prepare the entries to record depreciation on the
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