A $40,000 machine will be purchased by a company whose interest rate is 12%. The installation cost is $5,000, and removal costs are insignificant. What is its economic life if its salvage values and O&M costs are as follows? Year 1 => Salvage value = $35,000, O&M cost = $8,000
Year 2 => Salvage value = $30,000, O&M cost = $14,000
Year 3 => Salvage value = $25,000, O&M cost = $20,000
Year 4 => Salvage value = $20,000, O&M cost = $26,000
Year 5 => Salvage value = $15,000, O&M cost = $32,000

Karen is working on classifying all her company’s products in terms of whether they have strong or weak market share and whether this share is in a slow or growing market. what type of strategic framework is she using?

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?

howard, fine, & howard is an advertising agency. the firm uses an activity-based costing system to allocate overhead costs to its services. information about the firm's activity cost pool rates follows: stooge company was a client of howard, fine, & howard. recently, 7 administrative assistant hours, 3 new ad campaigns, and 8 meeting hours were incurred for the stooge company account. using the activity-based costing system, how much overhead cost would be allocated to the stooge company account?