A fast-food company invests $2.2 million to buy machines for making slurpees. These can be depreciated using the MACRS schedule shown above
If the cost of capital is 10%, what is the increase in the net present value (NPV) of the product gained by using MACRS depreciation over straight-line depreciation for three years?
A) $28,559
B) $47,599
C) $76,158
D) $190,321
Answer: D
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Indicate whether the statement is true or false
As a result of recent accounting scandals involving companies such as Enron and World Com, the Sarbanes-Oxley Act of 200 . was written to protect shareholders of public companies by improving
a. management accounting. b. corporate governance. c. professional competence. d. the corporate legal process.
Which of the following statements is TRUE of Florida Chemicals Company's statement of cash flows for 2018?
Florida Chemicals Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet:
Net Income for the year was $57,000.
A) The company issued stocks for $30,000.
B) The company declared $52,000 as dividends.
C) The company purchased treasury stock for $8400.
D) The net cash flow from financing activities is $180,600.
When a pronoun receives the action of the verb, use the ________ pronoun
A) subjective B) objective C) reflexive D) possessive