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AirExpress bought a used Boeing 757 plane 5 years ago for $35,000,000. At the time the plane was bought, it was estimated that it would have a SERVICE arrow-10x10.png life of 10 years and its salvage value at the end of its service life would be $10,000,000. AirExpress's CFO has recently proposed to replace the old plane with a modern Boeing 777 plane that expected to LAST arrow-10x10.png for 15 years. The new plane will cost $75,000,000, will provide $3,000,000 savings in operating and MAINTENANCE arrow-10x10.pngcosts, will increase revenues by $5,000,000 and will have $20,000,000 salvage value (after 15 years). The seller of the new plane is willing to trade in the old plane for its current fair market value, which is $8,000,000. The CFO estimates that if the old plane is kept for 5 years, its salvage value will be $4,000,000. If AirExpress's MARR is 10% per year, what would you advice the company to do- keep the old plane or replace it with the new plane? Need equation
What conditions must be met for a transfer of receivables with recourse to be accounted for as a sale?
questionon 1st september 2011 jensen company gets an order to sell a machine to a customer in canada at a price of
mate boomerang corporation manufactures and sells plastic boomerangs. expected boomerang sales in units for the
Goumet shop purchased cash registers on april 1 for 12,000 dollars. If this asset has an estimated useful life of four years, what is the book value of the cash registers on may 31?
Do you find the balance sheet, income statement or other measures such as ratios the most informative? Comment on the advantages and disadvantages of using ratios for analysis.
Dean and Robin owned a family business, each holding the shares as community property. When they were divorced in 2011, the court did not force them to split the shares, citing damage to the business that could occur if the public learned that owners..
The beginning work in process inventory had a cost of $2,200. Determine cost of completed and transferred out production, and the ending work in process inventory.
Concept of business, forms and organisations of business, business strategy, financial management methods, allocation of capital and control of an organisation.
discuss the issues you may face when using financial reports subject to earnings management. Given earnings management is regarded as morally reprehensible explain why managers are still motivated to manage earnings?
Revenues for the year: Property Taxes of $7,500,000, fines and penalties of $543,000, intergovernmental revenue of $382,000, and miscellaneous revenues of $118,000. Expenditures from current appropriations included: General Government of $4,975,000, ..
Which one of the following best describes DoD philosophy of budgeting for a Fixed Price - Economic Price Adjustment contract?
Calculate the receivables turnover ratio and average collection period for both companies. Comment on the difference in their collection experiences.
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