Write C++ code according to this prompt:

void print10LeapYears() gets a Gregorian year and prints the first 10 leap years after (but not including) the year input. Nothing is printed if the year is invalid. The first Gregorian year was 1752. The program should prompt the user with "Enter year -->" and each leap year should be preceded by "Leap year is" ...

void print10LeapYears() {

// your code here

return;

}

1. Depreciation by Three Methods; Partial Years

Perdue Company purchased equipment on April 1 for $21,330. The equipment was expected to have a useful life of three years, or 3,780 operating hours, and a residual value of $540. The equipment was used for 700 hours during Year 1, 1,300 hours in Year 2, 1,100 hours in Year 3, and 680 hours in Year 4.

Required:

Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar.

a. Straight-line method

b. Units-of-activity method

c. Double-declining-balance method

2. Amortization Entries

Kleen Company acquired patent rights on January 10 of Year 1 for $464,000. The patent has a useful life equal to its legal life of eight years. On January 7 of Year 4, Kleen successfully defended the patent in a lawsuit at a cost of $23,000.

If required, round your answers to the nearest dollar.

a. Determine the patent amortization expense for Year 4 ended December 31.
$fill in the blank 98a34205207505f_1

Feedback

For intangible assets with finite lives, a company uses the straight-line method to calculate amortization. If a company successfully defends a patent it becomes part of the cost of the patent. If the company loses a lawsuit regarding a patent infringement, then the patent is written off.

b. Journalize the adjusting entry on December 31 of Year 4 to recognize the amortization. If an amount box does not require an entry, leave it blank.

ATTENTION: ALL COMPONENTS / QUESTIONS MUST BE FULLY ANSWERED -- DO NOT USE THE TEXTBOOK SOLUTIONS ALREADY IN PLACE

IF YOU ARE UNABLE TO ANSWER ALL COMPONENTS, PLEASE DO NOT ANSWER. THANK YOU! :)

O’Brien Company manufactures and sells one product. The following information pertains to each of the company’s first three years of operations:

Variable costs per unit:
Manufacturing:
Direct materials . . . . . . . . . . . . . . . . . . . . . . . . $ 32
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 20
Variable manufacturing overhead . . . . . . . . . . $ 4
Variable selling and administrative . . . . . . . . . $ 3
Fixed costs per year:
Fixed manufacturing overhead . . . . . . . . . . . . $ 660,000
Fixed selling and administrative expenses . . . $ 120,000
During its first year of operations, O’Brien produced 100,000 units and sold 80,000 units. During its second year of operations, it produced 75,000 units and sold 90,000 units. In its third year, O’Brien produced 80,000 units and sold 75,000 units. The selling price of the company’s product is $ 75 per unit.

Required: (ALL COMPONENTS OF ALL 4 QUESTIONS MUST BE ANSWERED -- DO NOT USE THE TEXTBOOK SOLUTIONS ALREADY FOUND IN THIS BOOK)

1. Assume the company uses variable costing and a FIFO inventory flow assumption (FIFO means first-in first-out. In other words, it assumes that the oldest units in inventory are sold first):
a. Compute the unit product cost for Year 1, Year 2, and Year 3.
b. Prepare an income statement for Year 1, Year 2, and Year 3.

2. Assume the company uses variable costing and a LIFO inventory flow assumption (LIFO meanslast-in first-out. In other words, it assumes that the newest units in inventory are sold first):
a. Compute the unit product cost for Year 1, Year 2, and Year 3.
b. Prepare an income statement for Year 1, Year 2, and Year 3.

3. Assume the company uses absorption costing and a FIFO inventory flow assumption (FIFO meansfirst-in first-out. In other words, it assumes that the oldest units in inventory are sold first):

a. Compute the unit product cost for Year 1, Year 2, and Year 3.

b. Prepare an income statement for Year 1, Year 2, and Year 3.

4. Assume the company uses absorption costing and a LIFO inventory flow assumption (LIFO means last-in first-out. In other words, it assumes that the newest units in inventory are sold first):
a. Compute the unit product cost for Year 1, Year 2, and Year 3.
b. Prepare an income statement for Year 1, Year 2, and Year 3.

if you can save five thousand dollars in year one, five thousand and one hundred and fifty dollars  in year two, and amounts growing by 0.03 each year through year 20, the amount you will have at the end of year 20 at 0.1 per year interest is closest to:

1. Blue Fin started the current year with assets of $716,000, liabilities of $358,000 and common stock of $216,000. During the current year, assets increased by $416,000, liabilities decreased by $58,000 and common stock increased by $291,000. There was no payment of dividends to owners during the year. Based on this information, what was the amount of Blue Fin's retained earnings at the beginning of the year?

2. Blue Fin started the current year with assets of $711,000, liabilities of $355,500 and common stock of $211,000. During the current year, assets increased by $411,000, liabilities decreased by $55,500 and common stock increased by $286,000. There was no payment of dividends to owners during the year.

Use the information above to answer the following question. What was the amount of Blue Fin's change in total stockholders' equity during the year?

3. The first year of operations for a company was Year 1. The net income for Year 1 was $21,900 and dividends of $12,950 were paid. In Year 2, the company reported net income of $35,900 and paid dividends of $5,950. At the end of Year 1, the company had total assets of $169,000. At the end of Year 2, the company had total assets of $ $259,000.
What is the amount of retained earnings at the end of Year 2?

Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1:

During Year 1, the machine produced 51,000 units, and during Year 2 it produced 53,000 units.

Required
a. Determine the amount of depreciation expense for Year 1 and Year 2 using straight-line method.
b. Determine the amount of depreciation expense for Year 1 and Year 2 using double-declining-balance method.
c. Determine the amount of depreciation expense for Year 1 and Year 2 using units of production method.
d. Determine the amount of depreciation expense for Year 1 and Year 2 using MACRS, assuming that the machine is classified as seven-year property. (Round your answers to the nearest dollar amount.)

MACRS table:

10a- Your firm is evaluating a capital budgeting project. The estimated cash flows appear below. The board of directors wants to know the expected impact on shareholder wealth. Knowing that the estimated impact on shareholder wealth equates to net present value (NPV), you use your handy calculator to compute the value. What is the project's NPV? Assume that the cash flows occur at the end of each year. The discount rate (i.e., required rate of return, hurdle rate) is 14.4%. (Round to nearest penny)

Answer:

10b- What is the discount rate at which the following cash flows have a NPV of $0? Answer in %, rounding to 2 decimals.

Year 0 cash flow = -132,000
Year 1 cash flow = 33,000
Year 2 cash flow = 37,000
Year 3 cash flow = 33,000
Year 4 cash flow = 39,000
Year 5 cash flow = 42,000
Year 6 cash flow = 31,000

Answer:

10c- US Robotics is evaluating a new product line. The CFO asks for an estimate of number of years to recover the initial investment, ignoring the time value of money. You realize that this is the payback period. The estimated cash flows from the new product line appear below. (Answer in years, round to 2 places)

Year 0 cash flow = -83,000
Year 1 cash flow = -41,000
Year 2 cash flow = 31,000
Year 3 cash flow = 33,000
Year 4 cash flow = 44,000
Year 5 cash flow = 37,000
Year 6 cash flow = 38,000
Year 7 cash flow = 34,000

Answer:

Based on the following scenario, which project do you support if you make a decision based on the IRR alone?  

Project A requires an initial investment (or you may say, ‘cash outflow’) of $525,000 and is expected to generate the following net cash inflows:

Year 1: $120,000

Year 2: $110,000

Year 3: $120,000

Year 4: $110,000

Year 5: $120,000

Year 6 : $130,000

The expected rate of return is 5%.

Project B also requires an initial investment (or you may say, ‘cash outflow’) of $525,000 and is expected to generate the following net cash inflows:

Year 1: $300,000

Year 2: $200,000

Year 3: $90,000

Year 4: $0

Year 5: $0

Year 6 : $0

The expected rate of return is 5%.

Project A

OR

Project B

CORRECT ANSWER=PROJECT A

I just need to know the real reason why please.