Sophisticated forecasting models using massive computing power allow companies to produce exact forecasts
Indicate whether the statement is true or false
False
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A Type II error is the risk of incorrect acceptance.
Answer the following statement true (T) or false (F)
Vandezande Inc. is considering the acquisition of a new machine that costs $370,000 and has a useful life of 5 years with no salvage value. The incremental net operating income and incremental net cash flows that would be produced by the machine are (Ignore income taxes.): Incremental Net Operating IncomeIncremental Net Cash FlowsYear 1$54,000 $128,000 Year 2$31,000 $105,000 Year 3$52,000 $126,000 Year 4$49,000 $123,000 Year 5$48,000 $122,000 Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.Assume cash flows occur uniformly throughout a year except for the initial investment.If the discount rate is 10%, the net present value of the investment is closest to:
A. $370,000 B. $87,479 C. $457,479 D. $234,000
Forrest's Cycle Shop uses a perpetual inventory accounting system and the gross method of accounting for sales had the following transactions during the month of July: July 3Sold merchandise to a customer on credit for $600, terms 2/10, n30. The cost of the merchandise sold was $350.July 4Sold merchandise to a customer for cash of $425. The cost of the merchandise was $250.July 6Sold merchandise to a customer on credit for $1,300, terms 2/10, n/30. The cost of the merchandise sold was $750.July 8The customer from July 3 returned merchandise with a selling price of $100. The cost of the merchandise returned was $55.July 15The customer from July 6 paid the full amount due, less any appropriate discounts earned.July 31The customer from July 3 paid the full amount due, less any appropriate
discounts earned.Prepare the required journal entries that Forrest's Cycle Shop must make to record these transactions. What will be an ideal response?
Provide details of the three phases within the merger and acquisition process.
What will be an ideal response?