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Ammar Company - gain or loss due to change in exchange rates
A year ago, Ammar
Company had inventory in Britain valued at 240,000 pounds. The exchange
rate
for dollars to pounds was 1 pound = 2 U. S. dollars. This year the exchange...
Onita Corporation - Project's NPV and IRR
The following
information is given to you by Onita Corporation for a new project.
The
project has a 3-year tax life and
would be fully depreciated by the straight-lin...
Isabel Lopez Biz Consulting - record the transactions
Isabel Lopez
started Biz Consulting, a new business, and completed the following
transactions
during its first year of operations.
a. I. Lopez invests $70,000 cash and
of...
Gelato Supremo - revenue and spending variances
Gelato Supremo is
a popular neighborhood gelato shop. The company has provided the following
data concerning its
operations:
Fixed
Fixed
...
Sis Company - bond issue and interest expense
The Sis Company
issued $600,000 of 12% bonds on January 1, 2008. The bonds were sold
for
$664,190 and they were
expected to yield 10% interest compounded semiannually. T...
Hannah's Homemade Cookies - process the cookies further
Hannah's Homemade
Cookies produces and sells delicious shortbread cookies. The cost of
producing
a bag of cookies is $.65 and the bag sells for $3.75. Hannah is consi...
