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Renfree Mines, Inc., owns the mining rights to a large tract of land in a mountainous area. The tract contains a mineral deposit that the company believes might be commercially attractive to mine and sell. An engineering and cost analysis has been made, and it is expected that the following cash flows would be associated with opening and operating a mine in the area: Cost of equipment required $ 850,000 Annual net cash receipts $ 230,000* Working capital required $ 100,000 Cost of road repairs in three years $ 60,000 Salvage value of equipment in five years $ 200,000 *Receipts from sales of ore, less out-of-pocket costs for salaries, utilities, insurance, and so forth. The mineral deposit would be exhausted after five years of mining. At that point, the working capital would be released for reinvestment elsewhere. The company's required rate of return is 14% (Ignore income taxes.) Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables. Required: a. Determine the net present value of the proposed mining project. (Negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, other intermediate calculations and final answer to the nearest whole dollar.) Net present value
here are the budgets of brandon surgery center for the most recent historical quarter in thousands of dollarsstatic
How much cash should Skyline expect to receive from its customers in Jan 10 and how much cash should Skyline expect to receive from its cusotmers in Feb 10?
Bello Corp. has annual sales of $50,735,000, an average inventory level of $15,012,000, and average accounts receivable of $10,008,000. The company makes all purchases on credit and has always paid on the 30th day.
Discuss how a budget could help you personally or your organization accomplish the objectives of long range plan developed for you personally or for your organization.
The DiCiolla Co has sales of $12 million, CGS of $9 MM, and has $2.5 MM of inventory. Receivables are $750,000, payables are $666,667 and the company pays its payables in 30 days.
choose an organization with which is familiar such as the place of employment business patronized or other situation
Compute the balances of the inventory accounts and show how they are disclosed in the financial statements and compute the ending balance of factory overhead.
The Dallas plant of Oscar Chemical processes talphazine into zetazine and gammazine. A batch consists of 20,000 gallons of talphazine, costing $11,000.
1.nbspnbspnbspnbspnbsp ernest inc. has identified the following overhead costs and cost drivers for next
Prepare journal entries to summarize the 2009 transactions. As your final entry, dispose of the year-end under- or over allocated manufacturing overhead as a write-off to Cost of Goods Sold.
What is the overhead cost assigned to Product S5 under activity-based costing? (Round your intermediate calculations to 2 decimal places.)
Prepare a flowchart of a typical job order system with arrows showing the flow of costs and prepare separate journal entries for each type of manufacturing cost.
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