000 0 $72‚540 $32‚000 $40‚000 Tax % After tax 10% PV Amount Factor -$200‚000 1.000 0 1.000 0.65 47‚151 3.605 0.35 11‚200 3.605 40‚000 0.567 Part 5 Internal Rate of Return Excel Function method to calculate IRR This function REQUIRES that you have only one cash flow
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Intermediate Accounting 1 Exam 1 Spring 2010 1. What are the statements of financial accounting concepts (sfac) intended to establish? a. Generally accepted accounting principles in financial reporting by businesses. b. Generally accepted accounting principles for businesses‚ not for profit c. The objectives and concepts for use in developing standards of financial accounting and reporting. d. The hierarchy of sources of generally accepted accounting principles. 2. During
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Acct 555 HW Week 6 Chapter 14‚ pages 468–469: Problems 14-21‚ 14-22‚ 14-23‚ and 14-24 a. The accounting system will not post a sales transaction to the sales journal without a valid bill of lading number. This control is most relevant to which transaction-related objective for sales? (1) Accuracy (2) Occurrence (3) Completeness (4) Posting and summarization 467468 b. The accounting system automatically obtains the unit price based on scans of bar codes for merchandise sold. This control is most
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1.Inventec Corporation Case Study Q1: Despite its growth and size‚ why is Inventec not very profitable? It can be concluded into 3 main factors : 1. Rivalry existed In the existing ODM industry‚ there are lots of competitors such as Quanta‚ Mitac and Compal. Because of the fierce competition‚ there is increase difficulty for completing differentiation. Moreover‚ client companies tend to limit ODM use to highly commoditized products commoditized products. There is also inherent risk associated
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7/22/2013 ACCT 90004 Accounting for Decision Making Brad Potter Room 7.064‚ 198 Berkeley Street Tel: 8344 4989 bnpotter@unimelb.edu.au 1 1 7/22/2013 Subject Overview Introduction • This subject provides a broad introduction to the accounting process‚ accounting information systems and the language of accounting. • It is designed to enable you to become an informed preparer and user of accounting information. • Successfully completing this subject will also assist you to understand
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Chapter 4: Problems 4–4‚ 4–6‚ 4–10‚ and 4–11 3–9. Recording General Fund Operating Budget and Operating Transactions. The Town of Bedford Falls approved a General Fund operating budget for the fiscal year ending June 30‚ 2011. The budget provides for estimated revenues of $2‚700‚000 as follows: property taxes‚ $1‚900‚000; licenses and permits‚ $350‚000; fines and forfeits‚ $250‚000; and intergovernmental (state grants)‚ $200‚000. The budget approved appropriations of $2‚650‚000 as follows: General
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tutorial during week 2 will cover the material presented in lecture 2. - Refer p.21 for weekly structure 1. Reading guide – expected prior to Lecture 3 components: Textbook‚ Standards‚ Lecture Examples. 2. Tutorial Questions It is expected that you will have attempted these questions prior to class. They will be discussed in class. Review Course
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on state and local government bonds. (Municipal interest) D) life insurance proceeds paid by reason of death. 7) All of the following items are included in gross income except A) alimony received. B) rental income. (from rental property you own) C) interest earned on a bank account. D) child support payments received. 8) All of the following items are deductions for adjusted gross income except A) alimony paid. B) moving expenses. C) student loan interest. D) real estate
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E12-1 (Classification Issues—Intangibles) Presented below is a list of items that could be included in the intangible assets section of the balance sheet. 1. Investment in a subsidiary company. 2. Timberland. 3. Cost of engineering activity required to advance the design of a product to the manufacturing stage. 4. Lease prepayment (6 months’ rent paid in advance). 5. Cost of equipment obtained. 6. Cost of searching for applications of new research findings. 7. Costs incurred in the formation
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ch5 Key 1. On November 8‚ 2009‚ Power Corp. sold land to Wood Co.‚ its wholly owned subsidiary. The land cost $61‚500 and was sold to Wood for $89‚000. From the perspective of the combination‚ when is the gain on the sale of the land realized? A. Proportionately over a designated period of years B. When Wood Co. sells the land to a third party C. No gain can be recognized D. As Wood uses the land E. When Wood Co. begins using the land productively Difficulty: Easy Hoyle - Chapter 05 #1 2. Edgar
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