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1. Paid $350,000 to purchase furniture and leased it to DEF Corp. for 5 years. DEF agreed to pay $89,955 on July 1 for each of the next 5 years. At the end of the lease term we expect the furniture to have a value of $60,000 and one year of useful life remaining. We expect to earn a return of 8% on the lease.
2. Paid $120,000 to purchase 10,000 shares of our (XYZ) common stock.
3. Issued 25,000 stock options to our employees with the strike price equal to the current price of $12 per share. Each option has a fair value of $4.We expect none of our employees will forfeit their options. The options carry a one-year vesting period and mature in 5 years.
Ask question #Miwhy is the activity based costing unaccepable for external financial reportnimum 100 words accepted#
Types of Non-Controlled Variables a) Parameters: These are input variables that for a given simulation have a constant value. They are factors which help specify the relat
Explain about Programmed budget It having expects revenues and cost of various products or projects that are termed as the main programmers of the firm. Such a budget can be pr
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Conditions necessary in a control cycle There are four necessary conditions that must be satisfied before any system can be said to be controlled. Such are as follows: (1) O
1. Calculate the manufacturing costs for the year. 2. Prepare a statement of cost of goods manufactured. 3. Prepare an income statement (assume an income tax 25%)
Ask q1. On March 1, 2020, Tahir Muktar, a famous businessman in Addis, opened a business named “Universal Garage” which is organized as a sole proprietorship. The business is estab
Balanced Score Card This is a popular approach in current management thinking which consists of a variety of indicators both financial and non-financial. The balanced scorecard
Transient Analysis A state is said to be transient if it is impossible to move to that state from any other state except itself. This state is temporary and eventually a stead
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