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Harry Company is considering two different, mutually exclusive capital expenditure proposals. Project A will cost $395,000, has an expected useful life of 10 years, a salvage value of zero, and is expected to increase net annual cash flows by $70,000. Project B will cost $270,000, has an expected useful life of 10 years, a salvage value of zero, and is expected to increase net annual cash flows by $50,000. A discount rate of 9% is appropriate for both projects. Compute the net present value of each project. (Round answers to 0 decimal places, e.g. 125.) Project A $ Project B $ Which project should be accepted?
Show journal entries to record the issue and allotment of shares in the company's books bearing in mind that the directorspassed Allotment Resolution on 27th January 2005.
manufacturing produces products that use a variety of components. which of the following cost drivers would be the most
Prepare the adjusting entry (if any) for 2008, assuming the securities are classified as available-for-sale.
spacer company has two service departments and two operating departments. budgeted costs and budgeted activity in the
nanovo inc. is a manufacturer of low-cost micro batteries for use in a wide variety of compact electronic devices such
Carrie Company sold merchandise with an invoice price of $1,000 to Underwood, Inc., with terms of 2/10, n/30.
Farmer Corporation borrowed $280,000 on November 1, 2009. The note carried a 10 percent interest rate with the principal and interest payable on June 1, 2010. Prepare the journal entry to record the note on November. Prepare the adjusting entry to..
financial ratios hold a different importance level for different people. pick two people from the list below and then
the good sounds corp. is attempting to get a better estimate of the cost of their products. as a first step they are
western wood products has two production departments cutting and assembly. the company has been using a single
The Village Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $3,000 on hand. The adjusting entry that should be made by the ..
On January 1, 2011, Sledge had common stock of $120,000 and retained earnings of $260,000. During that year, Sledge reported sales of $130,000, cost of goods sold of $70,000, and operating expenses of $40,000.
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