Determine the capitalized cost of a large-format printer that has a first cost of P1.20 million and a salvage value after five useful years equal to P600,000. The operation has a maintenance cost of P100,000 every after 3 years. Use interest rate, i = 10% O P3.31 M O P 2.28 M O P 2.36 M P 3.26 M
Q: Alexis Company bought the shares of Gabriel Company classified as equity Investments at fair value…
A: Total dividend revenue for the year=Total Shares×Dividend per share Gain on the sale of the…
Q: Selected current year-end financial statements of GENESIS Corporation follow. All sales were on…
A: (Note: Since you have posted a multi-part question, we will solve the first 3 sub-parts. For the…
Q: · An analysts wants to project the financial statements of a company in 2020. He has gathered the…
A: The current liabilities are the amount due to be paid within one year. The current liabilities can…
Q: what is the dollar amount for the four cash dividends
A: The dividend is paid to the shares which are issued and outstanding. The treasury stock shares do…
Q: PROBLEMS 21 The following information summarized total production costs and number of units of…
A: Lets understand the basics. We will solve this question by high low method. In this method, total…
Q: Alexia Jones is a worker at a local 24-hour pharmacy. Alexia works the night shift and is the only…
A: Fraud seems to be a deliberate deception intended to achieve an illegal advantage for the offender…
Q: Rawr Chemicals is considering an investment project. The project requires an initial P3 million…
A:
Q: A company has three investment alternatives. The alternatives have similar economic lives. The…
A: Return on investment represents the income earned due to the amount invested by the company. It is…
Q: Prepare the necessary journal entries for the following transactions: On April 5, 2021, Graham…
A: Treasury stocks are repurchased shares of the company. The company can reissue these repurchased…
Q: The operating expenses is deducted from Gross profit but the company should figure out which are the…
A: Operating expenses are the costs incurred in connection with the daily running of business.
Q: What does a balance sheet show?
A: Balance sheet consists of all assets, All liabilities and owners equity.
Q: During 2020, Strawberry Corporation purchased several equity securities, all of which are designated…
A: Here discuss about the purchase and sale of share investment which are made through the fair value…
Q: Answer the following.
A: Accrued income represents that income which has been earned but not received during the current…
Q: Ben Merchandise presented the following accounts for 2019 and 2018: P1,238,550.00 (current assets…
A:
Q: Scutty Marrison lives in Frankston, Melbourne. In January 2022, he receives a job offer to work in…
A: As per Comprehensive capital gains tax (CGT), Australia, any resident leaving Australia will be…
Q: Which of the following is not a basic characteristic of a system of cash control? Group of answer…
A: Every business organizations are required to implement the proper controls so as to avoid the theft…
Q: All of Serrano Company's sales are on credit basis. The following information is available for the…
A: In this question, firstly we calculate the doubtful accounts expense by multiplying the net sales by…
Q: It considers proposed fixed-asset outlays, research and development activities, marketing and…
A: Cash Budgeting: A cash budget is an estimation of the cash flows of a business over a specific…
Q: Prepare adjusting entry for October 31. Show computation. A bank loan amounting to P100,000 was…
A: Adjusting entry is that type of journal entry, which is passed at the end of the period in order to…
Q: B, a United States Shareholder, acquires its 70% interest in foreign corporation F’s shares on March…
A: Ownership of shares is the number of shares owned and determined by the company , It owns as…
Q: The X and Y Divisions are divisions in the same company. Currently the Y Division buys a part from X…
A: Part A: The minimum transfer price per unit for the part is the Total Variable Cost plus one third…
Q: Accounting Areen has just been employed as a Trainee Management Accountant by Sarween & Sons, a…
A: Answer:- Product costing methods meaning:- The term "product costing methods" refers to the…
Q: In a standard cost system, the cost of completed units transferred from Work in Process Inventory to…
A: The standard costing system uses the standard or estimated costs to plan the budgets and control the…
Q: On January 1, 2020, Kingbird Corporation had $2,020,000 of $10 par value common stock outstanding…
A: Journal entries should not be used to record routine transactions such as customer billings and…
Q: Batik Company presents the following summarized balances of its projected 2021 balance sneet:…
A: calculation of external fund batik company needs are as follows
Q: 9) Omani Company reported equity of RO 130,000 on March 1. During the month, The Company generated…
A: Formula: Ending equity = Beginning equity + additional investments + Net income - Dividends
Q: A. Instructions: Create the T-accounts of the following set of transactions. 1. Mrs. Bautista…
A: T accounts are the general ledger accounts which are used for posting of recording journal entries.…
Q: Air corporation has the following projected sales: P958,450.00 (October) P1,001,515.00 (November)…
A: in order to survive company needs to generate revenue and that revenue is generated generally from…
Q: MORGAN Merchandising is preparing its Production Budget for the 3rd Quarter of 2020. Its Sales…
A: Lets understand the basics. Management prepares master budget and various budgets based on the…
Q: What are some of the similarities and differences between evidence in a legal case and evidence…
A: Financial statements are descriptions of a company's monetary results, financial status, and cash…
Q: ABC Corp had a cash balance of P500,000 in its books at Dec 31. The following are additional…
A: The cash balance is the balance of cash in hand that an entity has. It reflects the amount of…
Q: Supreme Hardware Store completed the following merchandising transactions in the month of May. At…
A: The process of recording business transactions in the books of accounts for the first time is…
Q: Miller Company's allowance for doubtful accounts was P1,000,000 at the end 20XX and P900,000 at the…
A: Allowance for doubtful debts is the amount of reserve which is most probably not paid by the debtors…
Q: A machinery costs of 1000,000 and its economic lite is 5 years. It charges depreciation at 20% per…
A: Depreciation is the steady decrease in the reported value of an item throughout its useful life by…
Q: List the five account categories, specify their natural balance and which financial statement they…
A: Accounts are classified into various categories based on their characteristics.
Q: what was her total in sales?
A: $120,000 was her total in sales.
Q: Boston Exemcutive, Inc., produces executive limousines and currently manufactures the mini-bar inset…
A: The differential analysis is performed to compare the two alternatives available such as buy or make…
Q: Prepare a depreciation schedule for a piece of machinery purchased Jan 10 for $8800. Transportation…
A: Straight line Method: The straight line basis technique is one approach that may be used by…
Q: Why "A debit posting of 800 for prepaid insurance was posted to Insurance expense" will have a trial…
A: The Trial Balance is one of the way to find out if any mistakes are made in any of the previous…
Q: Average Rate of Return-Cost Savings Maui Fabricators Inc. is considering an investment in equipment…
A: calculation of average rte of return are as follows
Q: (Capitalisation of super profits). A firm having the assets of $ 5,00,000 and liabilities of $…
A: Goodwill under the capitalization method is the difference between the capitalized value of average…
Q: Lab Company's targeted ending inventory is ₱250,000. Its forecasted sales is ₱980,000 and has a…
A: Cost of sales = ₱980,000 x 68% = ₱666,400
Q: oOn January 1, 2020, Kingbird Corporation had $2,020,000 of $10 par value common stock outstanding…
A: A log book is used to record a business transaction in an organization's accounting records. A…
Q: QUESTION 23 During the year of 2021, Bradford Corporation, an S Corporation has a recognized…
A: The answer for the multiple choice question and relevant working are presented hereunder : What is…
Q: Fine Co. has the following sales forecasts for the third quarter of 2021: P85,000 (July), P88,000…
A: Cash budget is one of the budget of the business, which shows beginning and ending cash balance,…
Q: My understanding of cash restrictins might be limited so perhaps my proposals might not correspond…
A: Current assets are assets that can be converted into cash within a year. Because it shows the net…
Q: Use the given statement of comprehensive income below in answering the question. DEF Company, Income…
A: Formula: Operating Expenses as a percentage of sales = Operating Expenses of the year/ Sales of the…
Q: What are the four major evidence decisions that must be made for every audit?
A: In general term, audit is type of process to check reliability. It is done to check whether the…
Q: MORGAN Merchandising is preparing its Production Budget for the 3rd Quarter of 2020. Its Sales…
A: Beginning Inventory for the next year is equal to the ending inventory of the last quarter of the…
Q: RST Company acquired a building on January 1, 2021, for P25,000,000. At that date, the building has…
A: Fair Value Model: The circumstances of the market as at the conclusion of the reporting period are…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Jullo Company is considering the purchase of a new bubble packaging machine. If the machine will provide $20,000 annual savings for 10 years and can be sold for $50,000 at the end of the period, what is the present value of the machine investment at a 9% interest rate with savings realized at year end?Gardner Denver Company is considering the purchase of a new piece of factory equipment that will cost $420,000 and will generate $95,000 per year for 5 years. Calculate the IRR for this piece of equipment. For further Instructions on internal rate of return in Excel, see Appendix C.Compare the following alternatives based on the rate of return analysis assuming that the MAAR is 15% per year. Project A Project B Initial Cost $60.000 $90.000 Annual cost of operation 15.000 8.000 Annual cost of reparation 5.000 2.000 Annual increase of the repair 1.000 1.500 Salvage value 8.000 12.000 Life, years 15 15
- From the given values below, which machine should be selected using (a) Present worth Method and (b) Future worth Method if interest rate is 10% per year? Machine Initial Cost (Php) Annual Operating Cost A В 146,000 15,000 220,000 10,000 75,000 25,000 Annual Revenue 80,000 10,000 Salvage Value Useful Life (years) 6A company will buy a packaging machine. Information about the machines is given below. Which of the machines should be invested according to the net present value method? Purchase price TL Annual income, TL Manufacturing cost,annual TL Manufacturing cost every 5 years TL Scrap value TL Economic life Interest rate A 5000 1800 TL for the first year and 100 TL every year increasing 400 500 3000 18 yıl %25 B 4500 1700 TL for the first year and 80 TL every year increasing 350 650 2500 18 yıl %25A firm is trying to decide between two equipment for a production activity. The following information is available. Equip 1 $31,000 4 years SO Equip 2 $22.000 Initial investment Useful life 4 years So Salvage value Operating cost per hour $4.40 $5.00 At a MARR of 4% per year, determine the breakeven number of operating hours per year. Click the icon to view the interest and annuity table for discrete compounding when i= 4% per year. ..... The breakeven number of operating hours per year is O A. 3,512 More info О В. 5,372 ОС. 4,958 Discrete Compounding; i= 4% O D. 4,132 Single Payment Compound Amount Uniform Series Compound Sinking Capital Recovery Factor Present Amount Present Fund Factor Worth Factor Factor Worth Factor Factor To Find P To Find A To Find A Given P To Find F To Find F To Find P Given A PIA Given P Given F Given A Given F F/P P/F FIA A/F A/P 0.9615 0.9615 1.8861 1 1.0400 1.0000 1.0000 1.0400 2 1.0816 0.9246 2.0400 0.4902 0.5302 1.1249 0.8890 3.1216 2.7751 0.3203 0.3603…
- From the given values below, which machine should be selected using (a) Present worth Method and (b) Future worth Method if interest rate is 10% per year? Machine A B Initial Cost (Php) Annual Operating Cost 146,000 15,000 80,000 10,000 3 220,000 10,000 75,000 25,000 Annual Revenue Salvage Value Useful Life (years) 6An equipment was purchased now at P10,000,000.00 prevailing interest rate is 10% per year. Solve the following cases capitalized cost: Answer no. 3 only Solve for case 1 if the projected maintenance cost will total P5,000,000.00 for 10 years. Use 10% as worth of money or interest rate. Solve for case 2 if the machine on item 1.1 is to be replaced every end of 10 years at 10% worth of money. Salvage cost is zero. Solve for case 3 using the above value on case 1 and 2 at 10%Choice A: Buy the machine Machine Cost: P700,000 Economic Life: 10 years Trade-in Value: P100,000 Operating Cost per day: P500 Choice B: Rent the machine Rent Payment: P1,500 per day Assuming that the rate of return is 18% and Choice A is to be chosen, how long in days should the machine be in use. Please explain step by step
- Compare the machines below using present worth analysis at i10% per year and find which one should be selected Machine Y First Cost Operating Cost Savage Lfe cycle Machine X 20.000 3.000 3.000 3years Firat Cost 30.000 .000 Annuel Operating Cost Salvage Life cycle 3.000 6 yoarsFinance Machine X has an intial cost of $10,000. It is expected to last 12 years, to cost $200 per year to maintain and to have a salvage value of $1,000 at the end of its useful life. The equivalent uniform annual cost of the machine at 8% interest is most nearly ___________. A. $1,160 B. $1,507 C. $1,580 D. $1,475 E. None of the above Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Do not provide Excel Screet shot rather use tool table Answer completely.The initial investment cost of a machine is 9000 TL and the useful life of the machine is 6years and annual operating costs are 5000 TL. The initial investment cost of the machine is 16000 TL and the useful life of the machine can be sold for 4000 TL. Compare two machines based on present value analysis based on an analysis period annual interest rates 10% www Alternative-1 Alternative-2 First investment 4500 tl 10000 tl Life expectancy 12 years 24 years Annual expenses 1000 tl 720 tl