Your employer, Huge Evil Corporation, recently purchased a large machine that will automate many of the functions previously done with hand tools. This will increase quality and decrease labor costs. The payment terms for the machine consisted of a zero interest loan – payments of $100,000 at the end of each of the next five years.The company would normally pay an interest rate of 8% on a loan such as this. Given that fact, you determine the value of the machine to be $399,271. Huge Evil Corporation’s top management is under intense pressure to show increased profits as a result of this purchase. Given the two choices you have for the recognition of the interest on this payment plan (straight-line and effective interest method), which method would you choose to result in greater profits in the first year?Please draft a one page memo to your boss, John Smith, detailing the two options available along with your recommendation. Please be sure to include the dollar value of the increased profit in the first year based on your recommendation.
Your employer, Huge Evil Corporation, recently purchased a large machine that will automate many of the...
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Autotech Manufacturing is engaged in the production of replacement parts for automobiles. One plant specializes in the production of two parts: Part 127 and Part 234. Part 127 produces the highest volume of activity, and for many years it was the only part produced by the plant. Five years ago, Part 234 was added. Part 234 was more difficult to manufacture and...
Problem: Rockford Corporation is a wholesale plumbing supply distributor. The corporation was organized in 1981, under the laws of the State of Illinois, with an authorized capitalization of 10,000 shares of no-par common stock with a stated value of $30 per share. The common stock is sold over the counter in the local area. You have been hired as of Friday, December 26, 2014, to replace the controller, who has resigned. As controller, you are responsible for the corporation’s accounting...
SECTION A (40 marks): Answer ALL Questions in this section. QUESTION ONE a) Aseda Ltd incurred the following cost in its manufacturing operations GH¢ Cost of material purchase 20,000 Import duties 400 Trade discount @10% of purchase cost Cash discount 500 Irrecoverable taxes 1,000 Salary of factory plant operator 2,500 Direct labour 5,000 Salary of factory supervisor 4,000 Cost of expected production losses 800 Administrative overhead (Note) 16,000 Cost of storage of raw material for further processing 2,000 Marketing cost...
And there was a buy-sell arrangement which laid out the
conditions under which either shareholder could buy out the other.
Paul knew that this offer would strengthen his financial
picture…but did he really want a partner?It was going to be a long
night.
read the case study above and answer this question
what would you do if you were Paul with regards to financing,
and why?
ntroductloh Paul McTaggart sat at his desk. Behind him, the computer screen flickered with...
Read the attached article. Do you feel one style of banking
control is more stable than the other? Why? Does one banking method
minimize market volatility and risk better or is it just packaged
differently? Do you feel the US (Western) Banking system can better
control the patterns of behavior going forward that have caused
economic damage in the past? Should the Fed continue its stimulus
policy, reduce it or abandon it entirely (Google some recent
articles to research this)? (Please...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...
Evaluate the arical
writ the response in which you state your agreement or disagreement
with writer up un these questions guidelines
1) can empathy lead us astrary? how
2) our heart will always go out to the baby in the well, its a
measure of our humanity. but empathy will have to yield to reason
if humanity is to have a future can empathy yield to reason?
how?
thank you
The Baby in the Well: The Case against Empathy* -Paul...
SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the company's new line of single-serve coffee pods or to await results from the product's launch in the United States. Key strategic decisions include choosing the target market to focus on and determining the value proposition to emphasize. Important questions are also raised in regard to how the new product should be branded, the flavors to offer, whether Kraft should use traditional distribution channels or...
LO 10-6, 10 10-36 Based on an assessment of audit risk, the auditors are concerned with the following two risks: 1. The risk that that the client might be making duplicate payments to vendors. 2. The risk that the client's accounting clerk might be making unauthorized payments to himself. a. Assuming that the client has a manual accounting system, describe how the auditors can design a test to identify the duplicate payments and unauthorized payments. b. Assuming that the client...
10. The Beck & Watson article is a
Group of answer choices
quantitative study
qualitative study
11. Beck & Watson examined participants' experiences and
perceptions using what type of research design?
Group of answer choices
particpant obersvation
phenomenology
12. Select the participants in the Beck & Watson study
Group of answer choices
Caucasian women with 2-4 children
Caucasian pregnant women
13. In the Beck & Watson study, data was collected via
a(n)
Group of answer choices
internet study
focus group...