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In response to a question about financing the acquisition, James replied "The production equipment will cost $950,000. We will also need to purchase $50,000 of additional equipment to complete installation. We will finance this purchase with a five year $1,000,000 loan from the Regional Bank. The interest rate will be 10% per annum payable quarterly. The repayment schedule negotiated is for quarterly repayments over the duration of the loan. The interest payment and the loan repayment will occur on the last day of each quarter.
RSC Designs Pty, Ltd. is a manufacturer of metal and glass sculptures. The firm's two product lines are designated as SML (small sculptures: 13 x 17 cm) and LGE (large sculptures: 26 x 34 cm). The primary raw materials are metal strips and 30 cm by 40 cm glass sheets. Each SML sculpture requires a 60 cm metal strip; and each LGE sculpture requires a 1.2m metal strip. Allowing for normal breakage and scrap glass, the company can get either four SML sculptures or one LGE sculpture from one glass sheet. Other raw materials, such as solder, rivets, glitter and glue are insignificant in cost and are treated as indirect materials.
A company is considering the purchase of new equipment for $45,000. The projected after-tax net income is $3,000 after deducting $15,000 of depreciation. The machine has a useful l
Q. Show the nature of business operations? The nature of business operations that influences the proportion of fixed costs to total costs. Capital intensive business operations
Calculate the Net Present Value of the Investment XYZ Ltd is a manufacturer of household goods located in Ang Mo Ko. They presently make and wholesale fruit juicers, blenders
Purchases office supplies on account costing $12,600 during July. It pays $5,500 for these purchases during July and the remainder during August. Office supplies on hand on July 1
1. An organization owes £300,000 tax at 1.7.X4 and £450,000 at 30.6.X5. Its income statement for the year to 30.6.X5 includes a tax charge of £400,000. How much tax was actually pa
Failure to record depreciation at year end will result in all of the following except Understatement of total liabilities. Overstatement of total assets. Overstatement of net incom
What is the function of balance sheet
On May 15, 2010, Your Corporation acquired an airplane (5 year recovery period, 6 year class life) for $1,450,000. Its qualified business use is 54%. Determine the maximum cost rec
Corporation Tax This is the tax payable by companies on their trading activities of a given financial period. The standard doesn’t give the guidelines on how this tax should be
Tom Scott is the owner, president, and primary salesperson for Scott Manufacturing. Because of this, the company's profits are driven by the amount of work Tom does. If he works 40
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