Barton Company can acquire a $900,000 machine now that will benefit the firm over the next 6 years.FV of 1 (i=8%, n=6):1.587FV of a series of $1 cash flows (i=8%, n=6):7.336 PV of $1 (i=8%; n = 6): 0.630PV of a series of $1 cash flows (i=8%, n=6):4.623Annual savings in cash operating costs are expected to total $190,000. If the hurdle rate is 8%, the investment's net present value is:
A. $(21,630).
B. $44,970.
C. $184,920.
D. $(181,800).
E. None of the answers is correct.
Answer: A
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Which one of the following statements best describes the term "outstanding check?"
a. A check written by the company and presented to the bank for payment. b. A check written by the company but not yet presented to the bank for payment. c. A check written by a customer that has been presented to the bank for payment. d. A check written by a customer that has not yet been presented to the bank for payment.
Answer the following statements true (T) or false (F)
1) The last-in, first-out (LIFO) costing system may or may not match the physical flow of goods. 2) The last-in, first-out (LIFO) costing system is permitted under International Financial Reporting Standards (IFRS). 3) Under International Financial Reporting Standards (IFRS), companies may only use the specific identification, FIFO, and weighted-average methods to cost inventory. 4) When a company uses the last-in, first-out (LIFO) method, the cost of goods sold represents the costs of most recently purchased goods, and the ending inventory represents the oldest costs. 5) When using the weighted-average inventory costing method in a perpetual inventory system, a new weighted average cost per unit is computed at the end of each quarter.
A common method researchers use to identify successful leaders is based on ______.
A. staff turnover B. revenues generated C. levels of complacency D. perceptions of effectiveness
Harrison Inc has computed direct labor standards for the manufacture of its product to be 4 hours of labor per product at a cost of $15 per hour. During March, Harrison produced 45 products in 190 hours and incurred direct labor costs of $2,720. Harrison's direct labor efficiency variance was
A) $150 (F). B) $130 (U). C) $150 (U). D) $130 (F).