Acompany is considering establishing a new machine to automate a packing process. the machine will save $ 50,000 in labor annually. the machine can be purchased for $ 250,000 today and will be used for 10 years. it has a salvage value of $5,000 at the end of its useful life. the new machine will require an annual maintenance cost of $ 11,000. the company has a minimum rate of return of 10%. what is the net present worth and should they buy the machine?

Sheldon has the following year-end account balances: accounts receivable, $5,000; supplies, $12,000; equipment, $18,000; accounts payable, $17,000; stockholders’ equity, $43,000. the cash account balance was not available at year-end. given the account balances listed, the balance in the cash account should be?

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?