Entries by mary WAMBUGU

On December 31, 2016, Turner Corp. had the following balances (all balances are normal): Accounts Amount Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding) $1,000,000 Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding) $1,000,000 Paid-in Capital in Excess of par, Common 150,000 Retained Earnings 700,000

September 10, 2019 in /by

Question 1 (30 points) On December 31, 2016, Turner Corp. had the following balances (all balances are normal): Accounts Amount Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding) $1,000,000 Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding) $1,000,000 Paid-in Capital in Excess of par, […]

 

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On December 31, 2016, Turner Corp. had the following balances (all balances are normal): Accounts Amount Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding) $1,000,000 Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding) $1,000,000 Paid-in Capital in Excess of par, Common 150,000 Retained Earnings 700,000

September 10, 2019 in /by

Question 1 (30 points)  On December 31, 2016, Turner Corp. had the following balances (all balances are normal): Accounts Amount Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding) $1,000,000 Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding) $1,000,000 Paid-in Capital in Excess of […]

 

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A company needs an additional machine that will be used for the next 6 years, at which time the machine will be obsolete and have zero salvage value.

September 10, 2019 in /by

A company needs an additional machine that will be used for the next 6  years, at which time the machine will be obsolete and have zero salvage value. The company has two options available: purchase the asset for the list price of $375,000 cash or lease the asset, requiring 6 annual lease payments of $72,000 […]

 

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A merchandising company is considering a $500,000 upgrade to its retail and warehousing facilities that will allow the company to handle more products and attract more customers.

September 10, 2019 in /by

A merchandising company is considering a $500,000 upgrade to its retail and warehousing facilities that will allow the company to handle more products and attract more customers. The company anticipates that sales will increase by $65,000 and operating income will increase by $25,000 per year. If the company has a minimum required return on investment […]

 

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