The three reasons why a company might choose an accelerated depreciation method are __________________________________________________, __________________________________________________, and __________________________________________________
Fill in the blank(s) with correct word
1 . To minimize income and taxes.
2 . To more accurately match expenses with revenues.
3 . As a result of rapid technology changes.
Please answer the following questions regarding depreciation:
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Economic theory teaches that differences in market returns must relate to differences in
a. book value b. perceived risk c. price-earnings ratio d. bankruptcy risk
Gary, Peter, and Chris and have capital balances of $26,000, $38,000, and $30,000, respectively. As per the partnership agreement, Gary gets a profit share of 2/9; Peter gets 4/9; and Chris gets 3/9. The partnership agrees to pay $20,000 as the final settlement to Gary. How much bonus does Peter receive as a result of this transaction? (Do not round intermediate calculations and round the final answer to the nearest dollar.)
A) $3429 B) $2571 C) $3333 D) $2667
Upon review of Roepers's statement of cash flows, the following was noted: Cash flows from operating activities $ 50,000 Cash flows from investing activities 80,000 Cash flows from financing activities (130,000) From this information, the most likely explanation is that Roeper is:
A) using cash from operations and selling long-term assets to pay back debt. B) using cash from operations and borrowing to purchase long-term assets. C) using its profits to expand growth. D) using cash from investors to provide for operations.
On April 30, Victor Services had an Accounts Receivable balance of $35,600. During the month of May, total credits to Accounts Receivable were $71,200 from customer payments. The May 31 Accounts Receivable balance was $29,000. What was the amount of credit sales during May?
A. $64,600. B. $71,200. C. $44,800. D. $6600. E. $77,800.