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ArbitrLikvidat [17]

3 years ago

10

The auditors do not believe that certain lease obligations have been reflected in conformity with generally accepted accounting

principles in the client’s financial statements.

1 answer:

ANEK [815]3 years ago

7 0

This is not a question.

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Your company has spent $290,000 on research to develop a new computer game. The firm is planning to spend $49,000 on a machine t

Maslowich

Answer:

$132,745.82

Explanation:

required investment = $290,000 + $49,000 + $5,900 + $59,000 = $403,900

depreciable amount = $49,000 + $5,900 = $54,900

Research and development costs are expensed, they cannot be capitalized. Increase in net working capital cannot be capitalized either.

MACRS depreciation expense for year 1 under 8 year class life = 14.29%

depreciation expense year 1 = $54,900 x 14.29% = $7,845.21

net cash flow year 1 = [($390,000 - $190,000 - $7,845.21) x (1 - 35%)] + $7,845.21 = ($192,154.79 x 0.65) + $7,845.21 = $124,900.61 + $7,845.21 = $132,745.82

5 0

3 years ago

Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce Lawyers Association (ADLA). The

Rasek [7]

Answer:

13 years

Explanation:

Note that, if we add the annual interest rate of 7.9% to $8000 [(0.079*8000)+8000] we get a total value of $8632. We perform random division of the 8632 with 11 12, 13 years we note that at 13 years the total annual payment is lowest.

Such that 8632/13 years= $664 lower than paying $750.

8 0

3 years ago

A single man lived in his residence for 3 years, sold it for a gain of 185000 he is 58 years old when preparing his tax return h

svlad2 [7]

File form 6239 for a reduced rate.

8 0

3 years ago

What is a project managers biggest responsibility

Y_Kistochka [10]

<span>The project manager's role in a nutshell, is the overall responsibility for the successful planning, execution, monitoring, control and closure of a project.</span>

6 0

3 years ago

Read 2 more answers

Silver Enterprises has acquired All Gold Mining in a merger transaction. The following balance sheets represent the premerger bo

tamaranim1 [39]

Answer:

Silver Enterprises Post Merger Balance Sheet

Current Assets 12,920 Current liabilities 10,460

Other Asset 4,480 Long-term debt 19,770

Net Fixed Asset 24,810 Equity 17,450

Goodwill <u>5,470 </u> <u> </u>

<u>$47,880</u> <u>$47,680</u>

Explanation:

Current assets = 10,000 + 2,920 = 12,920

Other assets = 3,100 + 1,380 = 4,480

Current liabilities = 7,840 + 2,620 = 10,460

Net fixed assets = 17,300 + 7,510= 24,810

Long-term debt = 5,110 + 14,660 = 19,770

Equity = $17,450

8 0

3 years ago