(adjusting entries) andy roddick is the new owner of ace computer services. at the end of august 2014, his first month of ownership, roddick is trying to prepare monthly financial statements. below is some information related to unrecorded expenses that the business incurred during august.
1. at august 31, roddick owed his employees $2,052 in wages that will be paid on september 1.
2. at the end of the month, he had not yet received the month’s utility bill. based on past experience, he estimated the bill would be approximately $570.
3. on august 1, roddick borrowed $31,200 from a local bank on a 15-year mortgage. the annual interest rate is 8%.
4. a telephone bill in the amount of $118 covering august charges is unpaid at august 31.

The chart shows the pricing history for two items. which person saved the most money by buying a product at the right time? carrie, who waited six months to buy a game system timothy, who bought a game system right away because it was popular eugene, who bought a phone immediately for fear they would sell out marlene, who waited six months to buy a phone

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?

Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less