Horizon Company owns a building that appears on its prior year-end balance sheet at its original $594,000 cost less $475,200 accumulated depreciation. The building is depreciated on a straight-line basis assuming a 20-year life and no salvage value. During the first week in January of the current...

A company is considering a capital project that will return $100,000 each year for five years. At the company's hurdle rate of 10%, the present value of the annuity is $379,100. If the return on investment in the first year is $37,910, what is the return of investment that year?

What is the percentage that the IRS tax on a end of the year company bonus?

What is the correct entry to record our company year-end contribution to our 401K plan? Thanks.

Database Systems is considering expansion into a new product line. Assets to support expansion will cost $500,000. It is estimated that Database can generate $1,200,000 in annual sales, with a 6 percent profit margin. What would net income and return on assets (investment) be for the year? I...