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On jan 1, 2006, vigeland company completed the following transaction (assume 10% annual interest rate)
a) bought a delivery trucka dn agreed to pay $50000 at end of3 years
b) rented anoffice building and was given the option of paying$10,000 at the end of each of the next 3 years or paying $28,000immediately
c) established a savings account by depositing a single amount that will increase to $40,000 at the end of 7 years
d) decided to deposit a single sum in the bank that will provide 10 equal annual year end payments of $15,000 to a retiredemployee (payments start dec. 31, 2006)----a) what is the cost of the truck that should be recorded at the time of purchase?b) which option for the office building should the company select?c) what single amount must be deposited in this accounton Jan 1, 2006d) what single sum must be deposited in the bank on Jan. 1.2006
What are some advantages and disadvantages of each: (a) team-based, (b) network-based, and (c) boundaryless organizations?
At the time of the accident, it was worth $14,000 and Alicia had taken $2,000 of depreciation. After the accident, it was worth $5,000. The car was not insured. If Alicia's AGI is $15,000 (before considering the loss), determine her itemized deduc..
The bonds mature on January 1, 2019. Solo paid $50,000 in bond issue costs. Solo uses straight-line amortization. The amount of interest expense for the year is:
A construction company can lease an asset for the next four years by making lease payments that are equivalent to annual payments of $3,000 at year 0, $6000 at year 1, $7000 at year 2, $7000 at year 3 and $4000 at year 4. Use a 12% minimum acceptable..
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What amount of income gain or loss does Sam realize on the formation of the corporation? What amount, if any, does he recognize?
At the end of its first year, the trial balance of Wooster Company shows Equipment $32,000 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense.
How does a graph of a flexible budget compare to a CVP graph?
Suppose all interest is paid at maturity and none of the notesare paid early. How much cash will be paid for the January 1 note, plusinterest, on October1?
Determine the ending balances in accounts receivable and allowance for doubtful accounts.
Discuss the major weakness of performance report. Describe clearly why all the variances for variable expenses are unfavourable (U).
Find a newspaper or magazine even online and select an article relating to the use of governmental funds by state, county, local government, etc on an activity.
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