Blue Eagle Technology is considering a project that would last for 2 years. The project would involve an initial investment of 149,000 dollars for new equipment that would be sold for an expected price of 134,000 dollars at the end of the project in 2 years. The equipment would be depreciated to 21,000 dollars over 8 years using straight-line depreciation. In years 1 and 2, relevant annual revenue for the project is expected to be 136,000 dollars per year and relevant annual costs for the project are expected to be 48,000 dollars per year. The tax rate is 50 percent and the cost of capital for the project is 7.03 percent. What is the net present value of the project?

Prepare the annual income statement and retained earnings statement, and the classified balance sheet for Caldera Veterinary Clinic, Inc. The trial balance is provided below.  

You are an audit senior in ROA Associates. You are part of a team assigned to Lucy Beauty Ltd (a manufacturing firm listed on the GSE). Your team leader allocated to you two of the following components: (ii) Purchases; (iii) Revenue (iv) Cash & bank transactions. (v) Property & Equipment Required a) Identify ALL assertions relevant to the audit of each of the components assigned to you and indicate the possible risk associated with the assertions identified. b) For each risk identified, respond with relevant audit procedures which provide appropriate evidence. c) Outline the relevant internal control considerations and objectives for each of the components assigned to you.

And all equity finance project involves an investment of 40 million. It will generate a constant perpetuity of 20 million in revenue in the constant perpetuity of 10 million in cost be getting one year from today if the tax rate is 35% then...

A. The project will be accepted if the payback criterion is 6 years or less

B. The project will be accepted under an NPV rule with a cost of capital is 16%

C. The project will be accepted if the payback criterion is 7 years or less

D. The project will be accepted under an NPV rule with a cost of capital of 12%

E. Answers C and D are correct

F. Answers A and B are correct

G. None of the above are correct

A company recognizes a loss as a result performing a lower-of-cost-or-market analysis of existing inventory, but does not recognize appreciation in the market value of inventory as a result such analyses.

Provide the letter corresponding to the SINGLE, PRIMARY assumption, principle, or qualitative characteristic that corresponds with the above statement

A. Periodicity assumption

B. Monetary unit assumption

C. Going concern assumption

D. Economic entity assumption

E. Full disclosure principle

F. Revenue recognition principle

G. Historical cost principle

H. Matching principle

I. Representational faithfulness

J. Comparability (incl. Consistency)

K. Relevance

L. Materiality

M. Conservatism

River Explorer Store rents canoes and kayaks to the visitors. The store has $100,000 in budget to buy kayaks and canoes. Each canoe cost $600 and could be rented out for $25/day. On the other hand, each kayak cost $750 and could be rented out for $30/day. The shop has room to carry at most 100 boats of any type. In this situation how many of each type of boat the store should buy in order to maximize revenue. Keep in mind that the number of Canoes has to be at least twice the number of kayaks.

***PLEASE SHOW ALL STEPS, FORMULAS, ANSWERS ALL THROUGH EXCEL***

Pharoah Inc. had beginning inventory of $12,017 at cost and $19,700 at retail. Net purchases were $112,000 at cost and $174,400 at retail. Net markups were $9,100, net markdowns were $7,400, and sales revenue was $160,500. Assume the price level increased from 100 at the beginning of the year to 105 at year-end. Compute ending inventory at cost using the dollar-value LIFO retail method. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory using the dollar-value LIFO retail method $

Attached is an Income statement for Fleming Company. Your office burned down. You found the following date: Fleming Income Statement: Revenue $20,980 Rent Expense $2,400 Depreciation Expense $ 2,200 Supplies Expense $ 960 Office Expense $1,240 total $ 6,800 Net income $ 14,100 And the following Notes The company paid $15,600 in cash dividends. Accounts receivables decreased by $ 1,480 during the course of the year. Accounts payable increased by $ 380 when they purchased supplies. Total cash increased from $ 460 to $ 3100 Prepare the journal entries that occurred during the year. use T account for each account.

1)The allowance for doubtful accounts is reported as a contra-asset on the balance sheet

Select one:

True

False

2)When goods are shipped FOB destination, the revenue from the sale is recognized on the shipment date.

Select one:

True

False

3)Tangible long-lived productive assets differ from intangible long-lived productive assets in that tangible assets have physical substance whereas intangible assets have no physical substance.

Select one:

True

False

4)Treasury stock is a corporation's own stock that was issued and then repurchased, and is still held by the corporation.

Select one:

True

False

Attached is an Income statement for Fleming Company. Your office burned down. You found the following date: Fleming Income Statement: Revenue $20,980 Rent Expense $2,400 Depreciation Expense $ 2,200 Supplies Expense $ 960 Office Expense $1,240 total $ 6,800 Net income $ 14,100

And the following Notes The company paid $15,600 in cash dividends. Accounts receivables decreased by $ 1,480 during the course of the year. Accounts payable increased by $ 380 when they purchased supplies. Total cash increased from $ 460 to $ 3100 Prepare the journal entries that occurred during the year. use T account for each account.