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RealTurf is considering purchasing an automatic sprinkler system for its sod farm by borrowing the entire $45,000 purchase price. The loan would be repaid with four equal annual payments at an interest rate of 12%/year. It is anticipated that the sprinkler system would be used for 9 years and then sold for a salvage value of $5,000. Annual operating and maintenance expenses for the system over the 9-year life are estimated to be $9,000 per year. If the new system is purchased, cost savings of $21,000 per year will be realized over the present manual watering system. RealTurf uses a MARR of 15%/year for economic decision making.
a) Show the internal rate of return used to reach your decision ____%
b) Based on an internal rate of return analysis, is the purchase of the new sprinkler system economically attractive? (yes or no)
Can someone help me with to draw a balance sheet and income statement of it .
What are the company's footnote disclosures relating to impairment? Please also describe how to determine if impairment exists and how to calculate the impairment loss.
Evaluate the earnings based valuation derived by the Financial Director of StaffX (Pty) Ltd and indicate, with reasons, whether you agree with his assessment and discuss the general shortcomings of earnings based valuations.
On January 1, 2014, Craig Corp. had the following stockholders' equity accounts: Prepare the journal entries, and closing entries, necessary for the 2014 transactions. Prepare the stockholders' equity section on the December 31, 2104 balance sheet.
Suppose Manij needs $47,500 to buy a new kitchen at the end of 2019. Assume that Manij uses an account earning 2.65% yearly. What does Manij have to deposit at the beginning of 2013, assuming monthly compounding.
a describe the concepts of functional and presentational currencies in the context of accounting for overseas
A company purchased 100 units for $20 each on January 31. It purchased 100 units for $30 on February 28. It sold 150 units for $45 each from March 1 through December 31. If the company uses the First-In, First-Out inventory costing method, what is th..
ajack partnership manufactures jackhammers. ajack partnership is looking for guidance in the variances of its standard
As a project manager on a product development team for a new line of iPads for the hearing impaired, you are asked to create a product development plan that addressed items (a) through (f) below. Develop an initial cost budget for the project to meet..
Astaire Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May. Compute estimated inventory at May 31, assuming that the gross profit is 25% of cost.
Cyber ware uses flexible budgets that are based on the following data:
Calculate the earnings per share the company would report on the income statement assuming Ski Daddle had 100,000 shares of common stock outstanding during the year and paid preferred dividends of $15,000.
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