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The company requires a minimum pretax return of 15% on all investment projects.what is the net present value of the proposed project ?
2,000,000 shares of capital stocks at $3 par value were issued the company issued half of the stock for cash at $8 per share, and earnded $90,000 during the first three months of operation, and decl
Company A issued 7% bonds on January 1, 2009, with a face amount of $530,000, the market yield for bonds of similar risk and maturity was 8%. The bonds mature December 31, 2012 (4 years). Interest i
In june 2009, joanne invested for a 20% interest in a limited liability company in which she is a material participant. The LLC reported losses of $340,000 in 2009 and $180,000 in 2010. Joanne's sh
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $740,000 in the common stock account and $5.2 million in the additional paid-in surplus account.
Prepare a one-page memorandum to your supervisor outlining your presentation to the marketing staff.
If the high-low method is used, what is the monthly total cost equation?
The company's effective tax rate on all items affecting comprehensive income is 30%. Each component of other comprehensive income is displayed net of tax.
The building had a 10-year remaining useful life and the equipment had a 5-year remaining useful life. How much amortization expense will be on the consolidated financial statements for the year end
Take the approach to the allocation of costs for manufacturing, sales and delivery costs, what your estimated income and earnings stove oven to year 1985?
Augie purchased one new asset during the year (five-year property) on November 10, 2009, at a cost of $600,000. She made the § 179 election. The income from the business before the cost recover
Based on the data presented above, what is the number of times bond interest charges were earned (round to two decimal places)?
Sampras Company purchased a machine for $30 000 on 1 January 2007 with an estimated life of 5 years and a residual value of zero. The straight-line method of depreciation is used. What is the carryi
At the beginning of the year, Addison Company's assets are $212,000 and its equity is $159,000. During the year, assets increase $80,000 and liabilities increase $58,000. What is the equity at the e
March 10 Accounts Payable 3,300 Cash 3,300 Paid creditors on account What effect does this journal have on the accounts?
On the date of acquisition, Punto Company owed Sara Company $12,000 for purchases on account, and Rob Company owed Punto Company $3,000 and Sara Company $6,000 for such
On December 31, 2009, when its Allowance for Doubtful Accounts had a debit balance of $1,000, Brite Star Co. estimates that 9% of its accounts receivable balance of $90,000 will become uncollectible
Leister Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $15,540. All sales are subject to a 5% sales tax. Compute sales taxes payable, an
Determine the basic earnings per share for Crystal Arts. Round answer to nearest whole cent.
Identify the factors that are considered in classifying expenditure as a capital or a revenue expenditure. Are there instances where it may be difficult to classify an expenditure as one or the othe
CalCount pays a weekly payroll of $85,000 that includes federal taxes withheld of $12,700, FICA taxes withheld of $7,890, and 401(k) withholdings of $9,000. What is the effect of assets and liabilit
On October 1, 2011, $2,500,000 of these bonds were converted into 35,000 shares of $15 par common stock. Accrued interest was paid in cash at the time of conversion.
No dividends were paid the previous 2 years. If Koon declares $400,000 of dividends in the current year, how much will preferred stockholders receive if the preferred stock is cumulative?
Margie has two jobs and both employers withheld FICA tax. From her first job, she earned $88,000 and from her second job she earned $23,000. How much can Margie claim on her Form 1040 as excess soci
Rising Framing's cost formula for its supplies cost is $2,210 per month plus $10 per frame. For the month of January, the company planned for activity of 710 frames, but the actual level of activity