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Jimba's, Inc., has purchased a new donut maker. It cost $20,000 and has an estimated life of 10 years. The following annual donut sales and expenses are projected: Sales $30,000 Expenses: Flour, etc., required in making donuts $15,000 Salaries 8,000 Depreciation 2,000 25,000 Net operating income $5,000 Assume cash flows occur uniformly throughout a year except for the initial investment. The payback period on the new machine is closest to: a) 6.0 years b) 2.9 years c) 4.0 years d) 4.3 years
On January 1, 2003, ABC co. purchased a building and machinery that have the following useful lives, salvage value, and costs-Prepare the journal entry necessary to record the depreciation expense on the building in 2008
kent company anticipates total sales for april may and june of 800000 900000 and 950000 respectively. cash sales are
stephen colbert works as a television talk show host. in 2010 stephen generated substantial income from his role as
Calculate the inventory value at the end of 2011 and 2012 using the dollar-value LIFO method.
assume the colorado avalanche purchased new zamboni machine to scrape the ice off the rink between periods. the zamboni
liquid extracts company produces a line of fruit extracts for home use in making wine jams and jellies pies and meat
what are some business decisions that managers could make? what tools will they use to make recommendations regarding
For this activity you will describe your state's laws on garnishments. In a separate paragraph, explain why you think that garnishments are necessary or what other alternatives to garnishments may be available.
sidman products common stock currently sells for 51 a share. the firm is expected to earn 6.10 per share this year and
Stan and Susan, two calendar year taxpayers, are starting a new business to manufacture and sell digital circuits. They intend to incorporate the business with $600,000 of their own capital and $2 million of equity capital obtained from other inve..
1. what are the considerations in deciding whether to use debt orequity financing?2. define debt financing. what does
On July 1, 2007, Risen Co. issued 1500 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2007 and mature on April 1, 2017. Interest is payable semiannually on April 1 and October 1. What total amount of cash did Ri..
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