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Your company purchased equipment for 50000 that will reduce materials and labor costs by 14000 each year for n years. After n years, there will be no further need for the machine, and because the machine is specially designed, it will have no mv at any time. the irs, however has ruled that you must depreciate the equipment on a sl basis with a tax life of five years. if the effective income tax rate is 40%, what is the minimum number of years your firm must operate the equipment to earn 10% per year after taxes on its investment?
Discuss the three sections of the indirect method of presentation for the Statement of Cash Flows. Also discuss why the statement of cash flow is just as important as the income statement.
When merchandise is returned under the perpetual inventory system, the buyer would credit:
x2 issued callable bonds on january 1 2012. the bonds pay interest annually on december 31 each year. x2s accountant
In connection with the issue of bonds at a premium or a discount, what does the term carrying value of bonds mean? What would the carrying value be at maturity date?
Seventy percent of Diamond Beauty Supply shop sales are on credit with 60 percent of receivables collected in the month after the sale and the rest of receivables collected in the second month after the sale. Prepare a monthly schedule of cash rece..
At the time of his death on June 6, 2011 Keith was involved in the following real estate.
An introduction to internal controls, explaining in your own words the two primary goals of internal control.
Identify the major users of financial reporting and the types of information each will use.
Explain how the use of ratios can help in analyzing the profitability, liquidity, efficiency and capital structure of business.
a company must incur annual fixed costs of 4000000 and variable costs of 400 per unit and estimates that it can sell
Did Vallejos net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.
for each of the following cases indicate why management and the auditors determined that control
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