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Saturn Co. purchases a used machine for $167,000 cash on January 2 and readies it for use the next day at an $3420 cost. On January 3, it is installed on a required operating platform costing.
Achebe Company is considering purchasing new equipment. The equipment is expected to reduce annual cash operating costs. You have the following additional information:
In producing 4,000 additional units, fixed overhead costs would remain at their current level but incremental variable overhead costs of $4 per unit would be incurred. What is the effect on income
A company has already incurred a $15,000 cost in partially producing its three products. Their selling prices when partially and fully processed are shown in the table below with the additional cost
Determine the present value of each of the investment alternatives. Based on that analysis alone, which investment would you advise Mr Rhodes to choose?
A bond that has a $1000 par value and a contract or coupon interest rate of 10.5%. The bonds have a current market value of $1,125 and will mature in 10 years.
In preparing the cash flows from operating activities section of the statement of cash flows by the indirect method, the net decrease in inventories from the beginning to the end of the period is a
Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid semi-annually. The journal entry to record the recei
Major Instrument, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 47 range instruments and 303 pressure gauges were produced, and overhead costs of
Citywide Company issues bonds with a par value of $69,000 on their stated issue date. The bonds mature in seven years and pay 9% annual interest in semiannual payments.
Blanton Corporation purchased 35% of the outstanding shares of common stock of Worton Corporation as a long-term investment. Subsequently, Worton Corporation reported net income and declared and pai
An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $40.50 per share. What is the amount of gain or loss on the sale?
After graduation, you plan to work for Dynamo Corporation for 12 years and then start your own business. You expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and
Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The jobs were sold for $400,000.
Boxer Company owned 23,000 shares of King Company that were purchased in 2011 for $370,000. On May 1, 2013, Boxer declared a property dividend of 1 share of King for every 10 shares of Boxer stock.
They expect to have various cash inflows but no additional cash outflows. Kowalski's discount rate is 12% and the project profitability index on the project is zero. Are the following statements TRU
Janus, Inc. is preparing an estimate for a customer order. The order requires 800 liters of material K44T. K44T is used in a number of Janus products. You have the following additional information:
Green Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data.
If Product C is dropped, sales volume of Product B is expected to drop by 10%.The $3,000 facilities cost for Product C represents the cost of a seperate facility used to manufacture the product.
Major Instrument, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 47 range instruments and 303 pressure gauges were produced.
Wells Water Systems recently reported $8,250 of sales, $4,500 of operating costs other than depreciation, and $950 of depreciation. The company had no amortization charges.
Dalmeyer Co. is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information about this year's financial events.
Wells Water Systems recently reported $8,250 of sales, $4,500 of operating costs other than depreciation, and $950 of depreciation. The company had no amortization charges, it had $3,250.
Salvage value is expected to be zero at the end of each project. Depreciation is computed by the straight-line method. The company's minimum rate of return is the company's cost of capital which is
The annual production capacity is 35,000 units and the variable cost of each unit is $24, Presently the North Division sells 32,000 units per year to outside customers at $40 per unit.