Small firms have traditionally added more than their proportional share of new jobs to the economy.
Answer the following statement true (T) or false (F)
True
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Butler Corporation is considering the purchase of new equipment costing $30,000. The projected annual after-tax net income from the equipment is $1,200, after deducting $10,000 for depreciation. The revenue is to be received at the end of each year. The machine has a useful life of 3 years and no salvage value. Butler requires a 12% return on its investments. The present value of an annuity of $1 for different periods follows: Periods12%10.892921.690132.401843.0373 What is the net present value of the machine?
A. $30,000. B. $(3,100). C. $26,900. D. $24,018. E. $(29,520).
When quantity discounts are allowed, the cost-minimizing order quantity:
A) is always an EOQ quantity. B) minimizes the sum of holding and ordering costs. C) minimizes the unit purchase price. D) may be a quantity below that at which one qualifies for that price. E) minimizes the sum of holding, ordering, and product costs.
The payment of interest on a loan is considered a ________ on a statement of cash flows prepared using the direct method
A) cash outflow for operating activities B) cash outflow for investing activities C) cash outflow for financing activities D) non-cash activity
Trick's Costumes has 65 employees, who are distributed as follows:
The payroll-related costs for the year are $1,043,050. If Trick's Costumes does use departmental classification, how much is allocated to the Purchasing department? (Do not round intermediate calculations. Round final answer to 2 decimal places.)
A) $128,375.38
B) $160,469.23
C) $176,516.15
D) $120,351.92