Madrigal Corporation purchased a new machine for $120,000. The machine has an estimated useful life of 10-years with no salvage value and a return on investment (ROI) of 15%. ROI is computed using annual cash flows and straight-line depreciation. What is the annual cash flow using the gross book value method?
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Madrigal Corporation purchased a new machine for $120,000. The machine has an estimated useful life of 10-years with no salvage value and a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Entrepreneurs do not use which of the following to introduce innovations into a market? O A. New economic systems O B. New forms of organization O C. New means of production O D. New products
Answers (1)
Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method? A. an increase in inventory B. a decrease in accounts payable C. preferred dividends declared and paid a D.
Answers (1)
What is microeconomics? Is microeconomics a positive or normative science?
Answers (1)
The following transactions pertain to the operations of Ewing company for year 2. 1. Acquired $30,000 cash from the issue of common stock 2. Provided $65,000 of services on account 3. Paid $22,000 cash on accounts payable 4.
Answers (1)
Flagg, inc. records adjusting entries at its december 31 year end. at december 31, employees had earned $12,000 of unpaid and unrecorded salaries. the next payday is january 3, at which time $30,000 will be paid.
Answers (1)
New Questions in Business
The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 42,800 Current assets $ 17,500 Long-term debt $ 37,000 Costs 35,500 Fixed assets 68,300 Equity 48,800 Taxable income $ 7,300 Total $ 85,800
Answers (1)
Which of the following is a positive economic statement? A. The government should implement a national consumption tax. B. The standard of living in the United States is too low. C. The U. S.
Answers (1)
Rachel is working on a project that technically allows three activities to be done at the same time. if they were to be implemented at the same time, she would need 5 contractors in order for the activities to be completed on time.
Answers (1)
In one to three sentences, describe reliable financial information.
Answers (1)
When using statistics to support a speech, it is best to do all of the following except: a. use statistics to quantify ideas. b. use statistics to explain. c. present statistics with charts or graphs so it is easier for listeners to grasp d.
Answers (1)