Question 7 of 50 -15 E View Policies Current Attempt in Progress Oriole Company is considering the replacement of a piece of equipment with a newer model. The following data has been collected Old Equipment New Equipment Purchase price $232000 $384000 Accumulated depreciation 92800 -0- Annual operating 307000 266000 costs If the old equipment is replaced now, it can be sold for $63400. Both the old equipment's remaining useful life and the new equipment's useful life is 5 years. The company uses straight line depreciation with a zero salvage value for all of its assets. The net advantage disadvantage) (net effect on current year net income of replacing the old equipment with the new equipment is (don't consider annual operating costs in the computation) O $63400 O $(13400) O $175000) $92800 -/5 E Question 8 of 50 View Policies Current Attempt in Progress In Sheridan Company's income statement, they report actual gross profit of 543500 and the following variances: Materials price Materials quantity Labor price Labor quantity Overhead $420 F 600 F 4200 1000 F 900F Sheridan would report gross profit at standard of $44340 O $41000. O $37660 O $38500 > Question 9 of 50 -75 View Policies Current Attempt in Progress Splish Brothers Corp. has an 8% required rate of return. It's considering a project that would provide annual cost savings of 574000 for 5 years. The most that Johnson would be willing to spend on this project is Present Value oblat 1 2 3 4 0.926 0.857 0.794 0.735 0.681 PV of an Annuity alates 0.926 1.783 2577 3.312 3.993 5245088 $1B6347 O $50394 $295482