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these questions QUESTIONS Brynn purchased a new machine on January 1, for $420,000. Brynn paid $10,000 down with the rest payable in 10 equal annual
these questions QUESTIONS Brynn purchased a new machine on January 1, for $420,000. Brynn paid $10,000 down with the rest payable in 10 equal annual payments, beginning in one year, which include interest at 10%. The amount of each payment would be: A. $ 66,725.61 B. $ 41,000+ interest C none of the listed choices OD. $ 92,451.22 E. $ 68,353.07 QUESTION 25 Charleigh Company bought a new pickup for $100,000 to use in their business. They estimate the truck will be useful to them for 5 years and then will be worth $10,000. If the company uses the straight-line method of depreciation, how much would their depreciation expense be for the fourth year? A. $72,000 B. $ 18,000 C. none of the listed choices D. $ 19,000 E. $ 20,000 QUESTION 27 Expressing contribution margin as a percentage of sales A. is not possible if variable cost per unit is constant. B. is encouraged when a company has large fixed costs. C. is particularly useful to multiproduct firms. D. prohibits a company from calculating break-even. E. is easier using calculus QUESTION 28 The Cape Cod Cotton Candy Company had the following information available regarding last year's operations: Sales (100,000 units) $200,000 Variable costs 100,000 Contribution margin 100,000 Fixed costs 50.000 Net Income 50,000 If sales were to increase by 200 units, what would be the effect on net income? A. $100 increase OB. $200 increase C. $200 loss D. $150 increase E. $400 increase
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