Cyber Manufacturing is purchasing a complete video borescope system for applications that require work in places that eyes cannot see. The purchase price is $8,800, shipping and delivery is $300, installation cost is $1,350, tax recovery period is 5 years, book depreciation period is 10 years, salvage value is estimated to be $500, and operating cost (with technician) will be $45,000 per year. For MACRS depreciation of the system, what are the values of basis (B), salvage value (S), and recovery period (n)

Atrough in the business cycle occurs when

In 1975, mcdonald’s introduced its egg mcmuffin breakfast sandwich, which remains popular and profitable today. this longevity illustrates the idea of:

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale. required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse. b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this. c. explain the difference between sale of receivables with recourse as oppose to without recourse.