You purchased land 3 years ago for $75,000 and believe its market value is now $120,000. you are considering building a hotel on this land instead of selling it. to build the hotel, it will initially cost you $205,000, an expense that you plan to depreciate straight line over the next three years. wells fargo offered you a loan for $60,000 at an 8% interest rate to be repaid over the next 4 years. you anticipate that the hotel will earn revenues of $334,000 each year, while expenses will be a mere $75,000 each year. the initial working capital requirement will be $14,000 which will be recovered in the last year. the tax rate is 28%. your estimated cost of capital is 15%. what is the net present value of this project?

Grace period is a period of time before the credit card company starts charging late fees. truefalse

12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue. accounts receivable and crediting interest revenue. notes receivable and crediting accounts receivable and interest revenue. notes receivable and crediting accounts receivable.