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Hincapie Manufacturing is evaluating investing in a new metal stamping machine costing $30,924. Hincapie estimates that it will realize $12,000 in annual cash inflows for each year of the machine's 3-year useful life.
- Approximately, what is the the internal rate of return (IRR) for the machine? (Use present value tables or Excel.)
If this was a BELO plan with a pay rate of $22.00 per hour and a maximum of 53 hours, how much would Overwood be paid for 48 hours?
information pertains to Laguna Corp. Cash balance per books, October 31 $8,340
Taxable income for 2011 is $180 million and the tax rate is 40%. Prepare journal entry(s) to record Payne’s income taxes for 2011, assuming it is more likely than not that one-half of the deferred tax asset will ultimately be realized.
At June 30, 2004, the cash account in the general ledger of XYZ Company shows a balance of $16,200. The June 30 bank statement; however, shows a balance of $19,025. The only reconciling items consist of: Calculate the amount of the deposit in transit..
The total profit made by an engineering firm is given by the function p = x^2 - 25x +5000. Find the minimum profit made by the company.
A college education is expected to cost $20,000 per year in 18 years. How much money should be deposited at the end of each year for 18 years in an account earning 10% compounded monthly so that the balance of the account after 18 years covers the co..
Shari Thompson invested $1,000 in a financial institution on January 1, 2014. She leaves her investment in the institution until December 31, 2018. How much money does Shari accumulate if she earns interest, compounded annually, at the following r..
During fiscal year 2012, Byrd Inc. wrote-off $8,000 of customer accounts as uncollectible. Which of the following items would be decreased by these write-offs?
Compute the price and efficiency variances of New Fashions for direct materials and direct manufacturing labor in June 2009 and describe the types of actions the employees at New Fashions may have taken to reduce the accuracy of the standards
Prepare the journal entry to record depreciation of the equipment for the first year using the straight-line method. Prepare the journal entries to record the lease payments for the first two years.
Design and create a workbook to keep track of the payroll for hourly employees. Each worksheet will correspond to a different week. You have six employees. List them in a column. Each employee makes a different amount per hour. Add appropriate cells ..
At January 1, 2015, Alligator Industries reported retained earnings of $150,000. During 2015, Alligator had a net loss of $30,000 and paid dividends of $15,000. At December 31, 2015, the amount of retained earnings is.
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