In 2021, internal auditors discovered that Fay, Inc., had debited an expense account for the $980,000 cost of a machine purchased on January 1, 2018. The machine's useful life was expected to be 7 years with no residual value. Straight-line depreciation is used by Fay. The journal entry to correct the error will include a credit to accumulated depreciation of:
Answers: 3
Business, 21.06.2019 23:00
Assume today is december 31, 2013. barrington industries expects that its 2014 after-tax operating income [ebit(1 – t)] will be $400 million and its 2014 depreciation expense will be $70 million. barrington's 2014 gross capital expenditures are expected to be $120 million and the change in its net operating working capital for 2014 will be $25 million. the firm's free cash flow is expected to grow at a constant rate of 4.5% annually. assume that its free cash flow occurs at the end of each year. the firm's weighted average cost of capital is 8.6%; the market value of the company's debt is $2.15 billion; and the company has 180 million shares of common stock outstanding. the firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. using the corporate valuation model, what should be the company's stock price today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations.
Answers: 1
Business, 22.06.2019 01:20
Cindy recently played in a softball game in which she misplayed a ground ball for an error. later, in the same game, she made a great catch on a very difficult play. according to the self-serving bias, she would attribute her error to and her good catch to her
Answers: 1
Business, 22.06.2019 11:10
Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.
Answers: 1
Business, 22.06.2019 17:30
If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots
Answers: 1
In 2021, internal auditors discovered that Fay, Inc., had debited an expense account for the $980,00...
History, 14.04.2021 07:40
Chemistry, 14.04.2021 07:40
English, 14.04.2021 07:40
English, 14.04.2021 07:40
Mathematics, 14.04.2021 07:40
Mathematics, 14.04.2021 07:40
Mathematics, 14.04.2021 07:40
Physics, 14.04.2021 07:40
English, 14.04.2021 07:40
Mathematics, 14.04.2021 07:40