1.The Higgins Company has just purchased a piece of equipment at a cost of $300,000. This equipment will reduce operating costs by $55,000 each year for the next eleven years. This equipment replaces old equipment which was sold for $14,000 cash. The new equipment has a payback period of: (Ignore income taxes.)  (Round your answer to 1 decimal place.) A.16.2 Years B.5.5 Years C.5.2 Years […]

Two short case studies – cover both. Hint: research unfamiliar terms on the Internet. ******************** W3 Southern Kentucky University Bookstore Southern Kentucky University (SKU) bookstore is beginning a major project of automating its inventory  system. The bookstore is organized into four business units: Textbooks, General Merchandise—insignia  merchandise (sweatshirts, coffee mugs, etc.), General Books, and Convenience (candy, soft drinks, etc.).  Lisa O’Brien, the bookstore manager, has […]

Firm A had the following selected items on its balance sheet: Cash $ 20,000,000 Inventory 134,000,000 Notes Payable to bank 31,500,000 Common stock ($10 par; ,000,000 shares outstanding)31,500,000 Retained earnings 98,500,000Describe how each of these accounts would appear after the following:a. a cash dividend of $1 per share?b. a 10 percent stock dividend (fair market value is $13 pershare)?c. a 3-for-1 splitD. a 1-for-2 reverse […]

Phase I – Identify potential weaknesses from either the Aircraft Solutions or Quality Web Design Company In this phase you will choose either Aircraft Solutions or Quality Web Design as the company you will work with. The scenarios are in Doc Sharing in the Course Project select area. You will then identify potential security weaknesses. Security weaknesses – You must choose two from the following […]

A proposed cost-saving device has an installed cost of $730,000. The device will be used in a five-year project but is classified as three-year MACRS property for tax purposes. The required initial net working capital investment is $55,000, the marginal tax rate is 35 percent, and the project discount rate is 9 percent. The device has an estimated year 5 salvage value of $80,000. What […]

Bluestone Company had three intangible assets at the end of 2014 (end of the accounting year):   a.  A patent purchased from Miller Co. on January 1, 2014, for a cash cost of $9,300. When purchased, the patent had an estimated life of fifteen years.   b.  A trademark was registered with the federal government for $10,000.  Management estimated that the trademark could be worth […]

P8-14 Portfolio analysis You have been given the expected return data shown in the first table on three assets-F, G, and H- over the period 2013-2016. Expected return Asset F 2013 16%, 2014 17% 2015 18% 2016 19%- Asset G 2013 17% 2014 16% 2015 15% 2016 14% – Asset H 2013 14% 2014 15% 2015 16% 2016 17%Using these assets, you have isolated the […]

INDIVIDUAL TAX RETURN PROBLEM 6Required:• Use the following information to complete Paige Turner’s 2011 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps.• Any required forms, schedules, and instructions can be found at the IRS Web site ( www.irs.gov). The instructions can be helpful in completing the forms. Facts:1. Paige Turner is single and has two children from […]

• Question 1   What is the main function of the National Institutes of Health? • Question 2  Cost-efficiency evaluates marginal benefits in relation to • Question 3   What is the main intent of the Stark laws?  • Question 4  Telemedicine technology that allows a specialist located at a distance to directly interview and examine a patient is referred to as • Question 5  This made additional resources available to the FDA, and resulted in a shortened approval […]

1. Which of the following is a matched pairs design?   A) Measure levels of depression for a random sample of internet users and for a random sample of non-users.   B) Measure level of depression for a random sample on non-internet users: provide them with internet use for a year and then measure their level of depression. 2. Which of the the following techniques […]