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sweet-ann [11.9K]
3 years ago
9

Required information Use the following information for the Quick Study below. [The following information applies to the question

s displayed below.] The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Balance Sheets 2019 2018 Plant assets Equipment $ 245,000 $ 335,000 Accumulated depreciation—Equipment (126,000 ) (236,000 ) Equipment, net $ 119,000 $ 99,000 Buildings $ 445,000 $ 465,000 Accumulated depreciation—Buildings (139,000 ) (324,000 ) Buildings, net $ 306,000 $ 141,000 QS 12-10 Computing investing cash flows LO P3 During 2019, equipment with a book value of $53,000 and an original cost of $275,000 was sold at a loss of $5,600. 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2019? 3. What was the cost of new equipment purchased by Anders during 2019? Next Visit question mapQuestion 5 linked to 6 of 7 Total 5 6 of 7 Prev
Business
1 answer:
Zolol [24]3 years ago
6 0

Answer:

1. How much cash did Anders receive from the sale of equipment?

$ 47,400    

How much depreciation expense was recorded on equipment during 2019

$ 57,000

What was the cost of new equipment purchased by Anders during 2019?

$ 185,000

Explanation:

Book Value -$ 53,000

Sale Value $ 47,400

Sold Loss -$ 5,600

Accum. Depreciation Eq. 2018 $ 236,000

Accum. Depreciation Eq. 2019 -$ 126,000

Book Value                                  -$ 53,000

REAL Depreciation During 2019 $ 57,000

Property and Equipment 2018 -$ 335,000

Property and Equipment 2019 $ 245,000

Original Cost $ 275,000

REAL Depreciation During 2019 $ 185,000

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fiasKO [112]

The amount I would have at the end of 3 years is $133.10.

<h3>How much would I have at the end of the 3 years?</h3>

When an amount is compounded annually, both the amount invested and the interest accrued increase in value one a year.

The formula for calculating future value:

FV = P (1 + r)^n

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1 year ago
Production and Purchases Budgets in UnitsAt the end of business on June 30, 2017, the PE Rug Company had 150,000 square yards of
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Answer

The answer and procedures of the exercise are attached in the following archives.

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BOLDED portion is the part of required answer

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Step-by-step explanation:

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4 0
3 years ago
Change Corporation expects an EBIT of $57,000 every year forever. The company currently has no debt, and its cost of equity is 1
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Answer:

a) $337,615.38

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b-2) $415,266.92

c-1) $362,637.36

c-2) $438,461.54

Explanation:

a) To find the current value of the company, we have:

\frac{57,000*(1 - 0.23)}{0.13}

= \frac{57,000*0.77}{0.13}

= $337,615.38

b-1) If the company takes on debt equal to 30 percent of its unlevered value.

337,615.38 + (0.23 * 337,615.38 * 0.30)

= $360,910.85

b-2) When the company can borrow at 10 percent. The value of the firm if the company takes on debt equal to 100 percent of its unlevered value will be:

337,615.38 + (0.23 * 337,615.38 * 1)

= $415,266.92

c-1) The value of the firm if the company takes on debt equal to 30 percent of its levered value:

\frac{337,615.38} {(1 - 0.23) * 0.30}

= $362,637.36

c-2) The value of the firm if the company takes on debt equal to 100 percent of its levered value:

\frac{337,615.38} {(1 - 0.23) * 0.1}

= $438,461.54

5 0
3 years ago
which of the following consumer products contain radioactive substances? radio luminescent paints and signs, mantles of camping
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5 0
1 year ago
The partnership contract for Hanes and Jones LLP provides that Hanes is to receive a bonus of 20% of net income (after the bonus
bogdanovich [222]

Answer:

pre-bonus income is $33600

Explanation:

given data

bonus = 20% of net income

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to find out

pre-bonus income

solution

we know pre income bonus is express as

pre-bonus income = bonous + share of income    ............1

so bonus = 20/120 × 57600 = $9600

and share of net income = 1/2 × ( 57600 - 9600)

share of net income = $24000

so from equation 1

pre-bonus income = bonous + share of income

pre-bonus income =9600+ 24000

pre-bonus income is $33600

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