Sona is forecasting its financial statements for Year 2. Selected financial information for Years 1 and 2 is provided in the table. In Year 2 Sona is planning to invest $50 million in CAPEX and forecasted depreciation is $16 million
What is the Net Property, Plant and Equipment balance in Year 2?
Selected Financial Information
Sona Inc ($ millions)
Year 1 Year 2
PP&E $150
Depreciation 20 16
CAPEX 30 50
A) $184
B) $194
C) $203
D) $209
E) $211
A
You might also like to view...
On January 1, Unearned Revenue of Grossman, Inc. had a beginning balance of $1,400. During January, the company earned $700 of the deferred revenue. The company also collected $6,000 from a new customer for services to be performed the following month At the end of January, the Unearned Revenue account should have a balance of $6,000.
Indicate whether the statement is true or false
In terms of the float, the buyer of a product wants to ________ and the seller wants to ________
A) increase the collection float; decrease the disbursement float B) decrease the disbursement float; decrease the collection float C) decrease the collection float; decrease the disbursement float D) increase the disbursement float; decrease the collection float
HMAC can be proven secure provided that the embedded hash function has some reasonable cryptographic strengths
What will be an ideal response?
To minimize the invasion of privacy, organizations should:
A) not delete data even when it is not needed. B) not modify data once it is entered into an information system. C) collect only the data that is necessary for the stated purpose. D) provide unlimited access to personal information to those who have authorization.