XYZ Corp purchases machinery requiring $40,000 down payment and 4 annual payments of $25,000. The implicit interest rate is 10%. Calculate the total asset value to be recorded.
Q: What are the companys annual credit sales ? General Accounting question
A: Step 1: Formula Average collection period = Average Accounts receivable/Net credit sales x 365…
Q: Correct answer general accounting question
A: Step 1: Applied overhead There is an Overapplied overhead when Applied overhead is more than the…
Q: What is the amount of its tax shield on these financial accounting question?
A: Step 1: Define Tax ShieldA Tax Shield is a reduction in taxable income that results from deductible…
Q: What is its ROE? General accounting
A: Step 1: Return on equity is the profitability ratio and it can be calculated using the formula…
Q: How much is the bad debt expenses?
A: Explanation of Accounts Receivable: Accounts Receivable represents the money owed to a company by…
Q: Cross Collectibles currently fills mail orders from all over the U.S. and receipts come in to…
A: Step-by-Step Explanation:1. Calculate the reduction in Accounts Receivable (A/R):The A/R is expected…
Q: General accounting
A: Step 1: Forecasted sales July = 4,800 unitsAugust = 6,200 unitsSeptember = 7,700 units Step 2:…
Q: Financial Accounting
A: Step 1: Define Absorption CostingAbsorption Costing is a method of inventory costing that includes…
Q: During its first year of operations, the McCormick Company incurred the following manufacturing…
A: Concept of Variable CostingVariable costing is an accounting method that includes only variable…
Q: provide answer
A: Purchase Price (P₀): $42.67 per shareSale Price (P₁): $43.89 per share Capital Gain=P1-P0After…
Q: Calculate the amount cash flow?
A: The question requires the determination of the cash flow from operating activities.Cash flow from…
Q: Samson Corporation estimates that overhead costs for the next year will be $5,500,000 for indirect…
A: Explanation of Plantwide Overhead Rate:The plantwide overhead rate is a single rate used to allocate…
Q: Correct Answer
A: Detailed explanation: Operating leverage identifies the sensitivity of operating income adjustments…
Q: What is the unit variable cost?
A: Step 1: Definition of Contribution MarginThe contribution margin is the amount remaining from sales…
Q: Jenson Ltd. recently reported a net income of $5,320 and depreciation of $970. How much was its net…
A: To calculate net cash flow (NCF), use the following formula: Net Cash Flow = Net Income + Non-Cash…
Q: Marilyn Terrill is the senior auditor for the audit of Uden Supply Company for the year ended…
A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: Financial accounting question
A: Step 1: Definitions:Return on Assets (ROA): Measures how efficiently a company generates profit from…
Q: Financial Accounting Question need help with this question
A: Step 1: Define Price-Earnings (P/E) RatioThe Price-Earnings (P/E) Ratio is a financial metric that…
Q: I need help with accounting question is correct answer
A: Step 1: Debt-to-Equity RatioThe debt-to-equity ratio allows the users of financial statements to…
Q: ?? Financial accounting question
A: The P/E (Price-to-Earnings) ratio is calculated as: P/E = Price per Share / Earnings per Share…
Q: What is the answer?
A: Key Concepts:1. Amount Realized- The net amount received from selling an asset- Equals selling price…
Q: Summit electronics has net credit sales of solve this question general Accounting
A: Step 1: Define Accounts Receivable Turnover & Average Collection Perioda) Accounts Receivable…
Q: Variable manufacturing overhead:3.40 per unit
A: To calculate the ending inventory under full costing, we need to consider both the variable and…
Q: Expert Of general account Help me
A: Step 1: Definition of Capital GainCapital gain refers to an appreciation in the value of a security…
Q: During 2018, Dawson Enterprises earned revenues of $120,000, had expenses of $85,000, purchased…
A: Explanation of Net Income:Net income is the total profit a company earns after deducting all…
Q: General Accounting question
A: Step 1: Define Present Value (PV)Present Value (PV) is the value of future cash inflows discounted…
Q: Abc
A: 1. Gather the Information:Weight of Debt (Wd): 40% or 0.40Weight of Equity (We): 60% or…
Q: Please need answer this financial accounting question
A: Step 1: Define Return on Equity (ROE)Return on Equity (ROE) is a financial metric that measures a…
Q: I need help with accounting
A: Step 1: Formula Future Value = Present Value x (1 + rate)number of periodsPresent Value = Future…
Q: Hello teacher please help me this question
A: Step 1: Definition of Predetermined Overhead RateThe Predetermined Overhead Rate (POHR) is…
Q: Please give me true answer this financial accounting question
A: The after-closing balance in the retained earnings account can be calculated as follows: Start with…
Q: The current ratio of a company is 8:1 and its acid-test ratio is 1:1. If the inventories and prepaid…
A: Concept of Current RatioThe current ratio measures a company's ability to pay its short-term…
Q: Please provide problem with accounting question
A: Step 1: Definition of Net IncomeNet income is the amount a company earns after deducting all…
Q: Financial Accounting
A: To determine the cost of common equity (rsr) for Carpetto Technologies Inc., we will use two…
Q: please solve this question
A: Step 1: Definition of Cash Collected from CustomersCash collected from customers refers to the total…
Q: Hello tutor provide answer this financial accounting question
A: Step 1: Define Amortization ExpenseAmortization Expense is the process of systematically reducing…
Q: please given answer general accounting
A: Step 1: Define Comprehensive IncomeComprehensive income includes net income plus other comprehensive…
Q: Financial accounting question
A: Step 1: Define Returns on a StockThe average returns on a stock investment can be computed in terms…
Q: Abc general accounting
A: To calculate the gain or loss on the sale of the machine, we follow these steps: Determine the book…
Q: Provide answer to this financial accounting problem
A: Explanation of Stock: Stock represents ownership shares in a publicly traded company that investors…
Q: Hi, tutor need your help
A: Explanation of Fixed Cost: Fixed costs are expenses that remain constant regardless of the level of…
Q: MCQ
A: Explanation of Average Total Assets:Average total assets represent the mean value of a company's…
Q: Help
A: CalculationsStep1: Calculate the Percentage Change in Sales:Percentage Change in Sales = (New Sales…
Q: 4 POINTS
A: We have to calculate the gain or loss Pauline will recognize on the sale of the land.According to…
Q: Noble Electronics reported annual sales revenue of $3,150,000. During the year, accounts receivable…
A: Explanation of Sales Revenue: Sales revenue represents the total income generated from selling goods…
Q: A fixture company manufactures products brass products in a small manufacturing facility that has 40…
A: Step 1: Understand the FormulaThe formula for Direct Materials Price Variance is: Direct Materials…
Q: Triton Manufacturing had a beginning finished goods inventory of $23,500 and an ending finished…
A: Explanation of Cost of Goods Sold (COGS):Cost of Goods Sold (COGS) represents the total cost of…
Q: What is the profit margin?
A: The question requires the determination of the profit margin. Profit margin is a measure of the…
Q: There was no beginning balance in any inventory account?
A: Explanation of Direct Materials: Direct materials represent the raw materials that can be directly…
Q: Crish Industries makes heavy construction equipment. The standard for a particular crane calls for…
A: Concept of Standard Direct Labor-HoursStandard direct labor-hours represent the expected amount of…
General Accounting question
Step by step
Solved in 2 steps
- Agranary purchases a conveyor used in the manufacture of grain for transporting, filling. or emptying. It is purchased and installed for $80,000 with a market value for salvage purposes that decreases at arate of 20% per year with a minimum of value $1.750, Operation and maintenance is expected to cost $15.000 in the first year, increasing $1.060 per year thereafter. The granary uses a MARR of 15%. What is the optimum replacement interval for the conveyor? years, Click here to access the TVM Factor Table Calculator For calculation purposes, use 5 decimal places as displayed in the factor table provided.Krostel Company is planning to acquire a machine costing P 500,000 with a useful life of 3 years with a salvage value of P 20,000. This machine will generate annual cash savings of P 250,000. Income taxes are 20%. The company uses the SYD method for computing depreciation. What is the accounting rate of return on the average cost of investment? a. 27.7% b. 32.7% c. 61.5% d. 76.7%Wozo Ltd is to spend $60,000 on a machine which will have an economic life of ten years and no residual value. Depreciation is to be charged using the straight line method. Estimated operating cash flows are:Year 1: - 2 000Year 2: +13 000Year 3: +20 000Year 4-6: +25 000 per annumYear 7-20 +30 000 per annumRequired:Calculate the payback period and the Accounting Rate of Return (ARR); (using the initial investment base not the average investment base) (show all you calculations)
- A printing machine is bought at P 1.3 million and is estimated to have a salvage value of P100,000 after 500,000 copies. The annual cost of renting the space for the business is P80,000, power cost per copy is P1.50, and maintenance and paper cost per copy is P5.00. The expected annual production of the machine is 100,000 copies. Annual interest is 12%. Determine: a. The annual operation and maintenace cost of the machine b. The annual depreciation of the machine. c. Production cost per copy. Show your solutionA machine can be purchased for $50,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $10,000. Income Year Year 1 $3,300 Initial invest Year 1 Year 2 Year 3 Year 4 Year 5 Year 2 $8,300 Compute the machine's payback period. Note: Round payback period answer to 2 decimal places. Net Income Depreciation 3,300 8,300 30,000 12,400 33,200 Year 3 $30,000 Year 4 $12,400 Net Cash Flow $ (50,000) $ Payback period = Year 5 $33,200 Cumulative Net Cash Flow (50,000) 0 0A machine can be purchased for $80,000 and used for five years, yielding the following Income. This income computation Includes annual depreciation expense of $16,000. Income Year 1 $5,300 Year 2 $13,300 Year 3 Year 4 Year 5 $35,000 $19,900 $53,200 Compute the machine's payback period. Note: Round payback period answer to 2 decimal places. Year Net Income Depreciation Net Cash Flow Cumulative Net Cash Flow Initial invest $ (80,000) $ (80,000) Year 1 $ 5,300 Year 2 13,300 Year 3 35,000 Year 4 19,900 Year 5 53,200 Payback period=
- A printing machine is bought at P 1.5 million and is estimated to have a salvage value of P100,000 after 500,000 copies. The annual cost of renting the space for the business is P80,000, power cost per copy is P1.50, and maintenance and paper cost per copy is P5.00. The expected annual production of the machine is 100,000 copies. Annual interest is 12%. Determine: a. The annual operation and maintenace cost of the machine b. The annual depreciation of the machine. c. Production cost per copy.A set of Wire Bond machine costs $500,000. This amount includes freight and installation charges estimated at 10% of the original price. If the machine shall be depreciated over a period of 10 years with a salvage value of $5,000, what is the book value at the end of 7 years using SOYDM?A company sells Gizmos to consumers at a price of $117 per unit. The cost to produce Gizmos is $27 per unit. The company will sell 15,000 Gizmos to consumers each year. The fixed costs incurred each year will be $190,000. There is an initial investment to produce the goods $3,400,000 which will be depreciated straight line over the 10-year life of the investment to a salvage value of $0. The opportunity cost of capital is 6% and the tax rate is 34%. What is the operating cash flow each year?
- A company sells Gizmos to consumers at a price of $90 per unit. The costs to produce Gizmos is $38 per unit. The company will sell 14,000 Gizmos to consumers each year. The fixed costs incurred each year will be $180,000. There is an initial investment to produce the goods of $3,800,000 which will be depreciated straight line over 11 year life of the investment to a salvage value of $0. The opportunity cost of capital is 9% and the tax rate is 31%. A. What is operating cash flow each year? B. Using an operating cash flow of 485, 210.91 each year, what is the NPV of this project? C. Given a net present value of $-498, 047.3, should the company accept or reject this project? D. Find the net present value break-even level of units sold. Round your answer to the nearest whole unitVC purchased a machine for use in operations at a quoted price of $35,120. Full payment was cash of $8,000, plus a two-year non-interest-bearing note for $27,121. The market rate of interest for this note is 8 percent. VC should record the cost of the machine as (rounded to the nearest dollar): a. $32,950 b. $31,250 c. $23,250 d. $35,000 Please answer explaining in detail step by step without table and graph thankyouUtica Machinery Company purchases an asset for 1,200,000. After the machine has been used for 25,000 hours, the company expects to sell the asset for 150,000. What is the depreciation rate per hour based on activity?
