Business, 05.05.2020 06:52 oofoofoof1
The Williamston Wingnuts minor league hockey team is considering building a new arena in Downtown Williamston. They have decided they will only build the arena if it will be Net Present Value positive based on 5 years of cash flows. The team’s accounting department has compiled the following costs: $2,000,000 for the land the arena would be built on. They bought this land in 2010. Construction costs of $28,000,000 $50,000 for a marketing study conducted last year to determine whether more fans would come to the games if they built a new arena. $50,000 for new signage in front of the building and around the city that will only be needed if the arena is built. $500 for a trip taken by team management to see the Portland (Mich.) Puckheads’ new arena at a game last season to gather design ideas. $50,000 for street lights in the parking lot and on Grand River Ave. that will only be needed if the arena is built. $100,000 in additional Net Working Capital will be needed at the beginning of the project, 60% of which will be recovered at the end of the project.
What is the Total Year 0 cash flow for this project?
Answers: 2
Business, 21.06.2019 21:00, myronpacis1128
Management discovers that a supervisor at one of its restaurant locations removes excess cash and resets sales totals throughout the day on the point-of-sale (pos) system. at closing, the supervisor deposits cash equal to the recorded sales on the pos system and keeps the rest. the supervisor forwards the close-of-day pos reports from the pos system along with a copy of the bank deposit slip to the company’s revenue accounting department. the revenue accounting department records the sales and the cash for the location in the general ledger and verifies the deposit slip to the bank statement. any differences between sales and deposits are recorded in an over/short account and, if necessary, followed up with the location supervisor. the customer food order checks are serially numbered, and it is the supervisor’s responsibility to see that they are accounted for at the end of each day. customerchecks and the transaction journal tapes from the pos system are kept by the supervisor for 1 week at the location and then destroyed. what control allowed the fraud to occur?
Answers: 2
Business, 22.06.2019 10:00, Randomkid0973
University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. university car wash also estimates it will use the machine for six years or about 12,500 total hours. actual use per year was as follows: year hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.
Answers: 1
Business, 22.06.2019 15:10, emilee30
You want to have $80,000 in your savings account 11 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. if the account pays 6.30 percent interest, what amount must you deposit each year? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
Answers: 1
Business, 22.06.2019 16:00, ella3714
Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be:
Answers: 1
The Williamston Wingnuts minor league hockey team is considering building a new arena in Downtown Wi...
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