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Dr. David Dunn, head of the radiology department at Grant Clinic Inc., is adding a new piece of diagnostic equipment to the department. Two similar models are offered by two different vendors, and both models would serve the needs of the clinic. Both also have an estimated useful life of five years, with no salvage value at the end of five years.
The only difference between the two models is the cost and estimated annual labor savings, as shown below:The straight-line method of depreciation is used on the books. Senior management of the clinic has established a target rate of return of 15% for all equipment with a useful life of over two years and a desired payback period of three years. Prepare an evaluation showing your recommendation, based on the scenario, for Dr. Dunn's purchase.
Include calculations for each model using the following techniques and ignoring income taxes:
? Payback method? Net present value (NPV)? Internal rate of return (cost of capital)
Based on this information prepare a Balance Sheet, Income Statement and Statement of Retained Earnings.
Compute the selling price of the bonds under the three different options and indicate what option would be the best, and support your answer.
Prepare cost report that lists value-added costs, non-value-added costs, and actual costs for each activity. Which activities are non-value-added? Explain why. Explain why value-added activities can have non-value-added costs.
The accountant for Rooster Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the amounts of the adjustments are correct. Identify the errors in the accountant's adju..
Process Solutions provides a computer-based document processing service and general Manager has asked for your advice in relation to this disagreement within the management team.
Near end of 2011, the management of Simid Sports Co., merchandising company, prepared the following estimated balance sheet for December 31, 2011: Simid Sports' single product is bought for $30 per unit and resold for $60 per unit.
Explain how the use of variable costing can support appropriate decisions using incremental analysis.
How much will Ezra collect in March on a $220,000 credit sale in January? If production equals sales and there are no beginning or ending inventories
What will the price be if Preston follows its normal pricing policy and should Preston accept the order? Briefly, indicate factors that, while hard to quantify, should be taken into account in this decision.
Patient Health is an outpatient surgical clinic that was profitable for many years, but Medicare has cut its reimbursements by as much as 50%. As a result, the clinic wants to better understand its costs.
The presentation should conclude with supported specific recommendations as to how organisations and their accounting advisors should proceed in light of the analysis.
At the end of the current year, $12,300 of fees have been earned but have not been billed to clients - Journalize the adjusting entry to record the accrued fees.
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