Calculate the expected interest rate
Jordan Gonzalez is considering an investment in a warehouse costing $340,000. The projected annual income is $110,000 for the next five years. Calculate the expected interest rate from this investment.
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Titus Corporation and Vane Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its plant assets using the straight-line approach.
The payroll of Delaney company for September 2010 is as follows:Total payroll was $480,000, of which $140,000 is exempt from Social Security tax because it represented amounts paid in excess of $102,000 to certain employees.
Which of the following would cause a liability to be credited and an expense debited?Which of the following accounts would be considered a permanent account?
On March 1, 2010, Edington Company acquired real estate, on which it planned to construct a small office building, by paying $96,328 in cash. An old warehouse on the property was demolished at a cost of $8,227.
Pack in Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 150,000 miles. Taxi 10 cost $23,816.
When counting the supplies a fi le cabinet was forgotten and the adjustment was made based on the incorrect count.
In December 2008, Jens Company established its predetermined overhead rate for jobs produced during year 2009 by using the following cost predictions: overhead costs, $1,500,000.
Which of the following bank reconciliation items would not be refl ected in a journal entry?A $100 petty cash fund has cash of $14 and valid receipts for $82. The entry to replenish the fund would include a:
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