At the end of a recent year, Summit Maintenance Solutions (SMS) had total assets of $5,400,000 and equity of $3,200,000. How much were SMS's liabilities? A) $8,600,000 B) $5,400,000 C) $2,200,000 D) $3,200,000
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- The MACRS depreciation allowances on 3-year property are 33.33%, 44.45%, 14.81%, and 7.41%, respectively. What is the amount of the depreciation for Years 1, 2, and 3 for a 3-year property with an initial cost of $64,000?The internal rate of return method is used by Royston Construction Co. in analyzing a capital expenditure proposal that involves an investment of $58,416 and annual net cash flows of $12,000 for each of the 7 years of its useful life. Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 1.833 1.736 1.690 1.626 1.528 3 2.673 2.487 2.402 2.283 2.106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.353 2.991 6 4.917 4.355 4.111 3.785 3.326 7 5.582 4.868 4.564 4.160 3.605 8 6.210 5.335 4.968 4.487 3.837 9 6.802 5.759 5.328 4.772 4.031 10 7.360 6.145 5.650 5.019 4.192 a. Determine a present value factor for an annuity of $1, which can be used in determining the internal rate of return. If required, round your answer to three decimal places.fill in the blank 1 of 1 b. Using the factor determined in part (a) and the present value of an annuity of $1 table above, determine the internal rate of return for the proposal.fill in the blank 1 of 1 %…In January 2010 the Status Quo Company was formed. Total assets were $500,000, of which $300,000 consisted of capital assets. Status Quo uses straight-line amortization, and in 2010 it estimated its capital assets to have useful lives of 10 years. Aftertax income has been $26,000 per year each of the last 10 years. Other assets have not changed since 2010. a. Compute ROA at year-end for 2010, 2012, 2015, 2017, and 2019. (Round the final answers to 2 decimal places.) 2010 2012 2015 2017 2019 Return on assets % % de de % % % b. This part of the question is not part of your Connect assignment. c. This part of the question is not part of your Connect assignment.
- shobhaHelp me please asapClementine County's assets have a market value of $5,000,000 and a duration of 11 at the current market interest rate of 2.5%. Use the duration formula to estimate the value of the assets if the market interest rate changes from 2.5% to 2.2%. O 5.161 million O 5.247 million O 5.032 million 4.917 million
- The internal rate of return method is used by Testerman Construction Co. in analyzing a capital expenditure proposal that involves an investment of $60,465 and annual net cash flows of $15,000 for each of the nine years of its useful life. Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 1.833 1.736 1.690 1.626 1.528 3 2.673 2.487 2.402 2.283 2.106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.353 2.991 6 4.917 4.355 4.111 3.785 3.326 7 5.582 4.868 4.564 4.160 3.605 8 6.210 5.335 4.968 4.487 3.837 9 6.802 5.759 5.328 4.772 4.031 10 7.360 6.145 5.650 5.019 4.192 a. Determine a present value factor for an annuity of $1 which can be used in determining the internal rate of return. If required, round your answer to three decimal places. b. Using the factor determined in part (a) and the present value of an annuity of $1 table above, determine the internal rate of return for the proposal. %The third year of a construction project of SMDC began with a P3,000,000 balance in construction in progress. Included in that figure is P500,000 of interest capitalized in the first two years. Construction expenditures during the third year were P10,000,000 which were incurred evenly throughout the entire year. The entity had P30,000,000 in interest bearing debt outstanding in the third year at an interest rate of 9%. What amount of interest for the third year is capitalized as cost of the construction project? A. 900,000 B. 450,000 C. 720,000 D. 675,000 1) On January 1, 2022 Minito Corporation construction of homes for those families that were hit by the tsunami disaster and were homeless. The contraction expected to take 3.5 years. It is being financed by issuance of bonds for P7,000,000 at 12% per annum. The bonds were issued at the beginning of the construction. The bonds carry a 1.5% issuance cost. The project is also financed by issuance of P3 million share capital with a 14%…In 2023, Amalgamated Industries' net fixed assets decreased from $380,000 to $260,000. depreciation expense for the period was $90,000. What was Net Capital Spending for 2023? $150,000 ($210,000) $170,000 ($30,000) $290,000
- The internal rate of return method is used by Testerman Construction Co. in analyzing a capital expenditure proposal that involves an investment of $106,700 and annual net cash flows of $20,000 for each of the eight years of its useful life. Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 1.833 1.736 1.690 1.626 1.528 3 2.673 2.487 2.402 2.283 2.106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.352 2.991 6 4.917 4.355 4.111 3.784 3.326 7 5.582 4.868 4.564 4.160 3.605 8 6.210 5.335 4.968 4.487 3.837 9 6.802 5.759 5.328 4.772 4.031 10 7.360 6.145 5.650 5.019 4.192 a. Determine a present value factor for an annuity of $1 which can be used in determining the internal rate of return. If required, round your answer to three decimal places.fill in the blank 1 b. Using the factor determined in part (a) and the present value of an annuity of $1 table above, determine the internal rate of…Weighted average accumulated expenditures are $400,000 on a project for which work steadily progressed during the current year. The following debt was outstanding during the current year. Construction loan $100,000 at 10% Note payable $500,000 at 8% Mortgage payable $150,000 at 12% a. Compute the weighted average interest rate on the general debt. Calculation of weighted average interest rate Numerator Denominator = Rate General Debt $ Debt Category 0 b. Calculate avoidable interest for the purpose of interest capitalization. Note: Use the interest rate calculated above EXACTLY as shown in your calculations below. . Note: Round dollar amounts to the nearest whole dollar. Specific Debt $ General Debt Calculation of Avoidable Interest Weighted Average $ $ Accumulated Expenditures 0 0 0 Interest Rate Avoidable 0% $ 0% LA $ Interest % 0 0 0The goodwill of Blue Devil Inc. is $1,200,000. What’s the amortization expense per year? Group of answer choices $100,000 Do not do amortization $1,200,000 $1
