Assignment Questions Question 1 Frank Crosby (who has never owned or run a business before) started a lawn mowing business (Crosby’s Cutters) as a temporary job/business which he intended to run until he started his business degree at the University of Woop Woop in Semester 2‚ 2014. To start the business on 1 April 2014‚ he deposited $1‚000 into a new bank account opened in the name of the business. The $1‚000 consisted of a $600 loan from his father and $400 of his own money. Frank rented
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allocation of the asset is shown through the method of depreciation a company uses. The method a company chooses to incorporate should be one that most effectively matches expenses with the revenues produced. The method that most select is that of straight-line depreciation‚ which "spreads the depreciable value evenly over the useful life of an asset." (Horngren‚ Sundem‚ Elliott‚ & Philbrick 2006‚ p.342) Depreciation schedules reflect how much depreciation will be allocated for each year of the assets
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Capital Punishment Capital Punishment is the killing of a convicted person who has committed a violent and heinous crime. Capital punishment‚ or the death penalty‚ is determined through a court of law and is not enforced in all states of the United States of America. It is not used in all murder cases‚ only those who have been convicted of committing atrocious killings (Hood). The death penalty is solely utilized for the cases in which the convict has committed a crime that has made him or her
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Accounting Questions – Depreciation About http://www.HelpWithAssignment.com We are a bunch of talented and ambitious people from around the world. Our network spans 3 continents and several countries. This is necessary to service requests from different time zones. www.HelpWithAssignment.com has provided a platform for talented individuals to come together to help individuals do well in their assignments‚ homework‚ thesis‚ term papers and projects while earning a valuable side income. Question-
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Independent Projects Edelman Engineering is considering including two pieces of equipment‚ a truck and an overhead pulley system‚ in this year’s capital budget. The projects are independent. The cash outlay for the truck is $17‚100 and that for the pulley system is $22‚430. The firm’s cost of capital is 14%. After-tax cash flows‚ including depreciation‚ are as follows: Year Truck Pulley 1 $5‚100 $7‚500 2 $5‚100 $7‚500 3 $5‚100 $7‚500 4 $5‚100 $7‚500 5 $5‚100 $7‚500 Calculate the IRR‚ the
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The Importance of Risk Analysis in Capital Budgeting In today’s business environment‚ company executives are often required to participate in a company’s capital budgeting process as the sponsor‚ reviewer or approving authority of investment decisions. In any of these capacities‚ it is imperative that the executive understands many of the key aspects of capital budgeting such as analyzing income statements‚ balance sheets‚ cash flows‚ appropriately discounting cash flows and‚ most importantly‚ identifying
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Unit 402 K4P775 Legislation covering children’s rights and laws covering equality and inclusion within your home country. How these are interpreted and implemented in your local are and within your setting or service. Every child within my and any other setting has the right to be valued‚ treated as an individual and belonging. My role as a child care professional is to ensure that all the children that attend my setting are treated fairly. This is where I refer to inclusion‚ and looking critically
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PHI 103 has taught me to properly analyze an argument in an objective way. The most important lesson I feel I have learned from this course was in Week 1‚ when we discussed the value of keeping an open mind and viewing all aspects of a problem or situation from multiple perspectives versus limiting myself to my own perspective. Being able to apply what I have learned about creating strong arguments will make me more confident in writing research and persuasive papers for college. It will also undoubtedly
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Name Why the Minimum Wage Should Be Raised Institution Affiliation Minimum wage is the minimum amount that an employer can pay their employee. In the United States‚ many people are greatly affected by the federal minimum wage. Poverty continues to increase in the United States. Currently it is at seven dollars and twenty five cents which is too low in the current world today. The minimum wage is under debate if whether it should be increased. The debate has been brought about since many
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Differentiating Depreciation Methods Straight-line method of depreciation is where the depreciation is charged as long as you have an asset. However‚ an accelerated method of depreciation is where the depreciation that you have charged the amount will decline over a period of time. In straight-line method in order for you to get the depreciation amount the asset is subtracted from its cost. In the mean time‚ accelerated method is charged in the beginning of the life time but in the end it
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