Accounting help:On October 1, 2015, John paid $2,200 to the local newspaper for an advertisement to run every Thursday for 12 weeks. All ads have been run except for three Thursdays in December to complete the 12-week contract.List it in a journal entry.
A stock went on the market and began with a start value of $2. After 6 months of being on the market it reached its maximum value of 52$ but then dropped back down to 2$ by the 12th month. Three competing investment firms have come up with the following models.
A machine costs $600,000 and is expected to yield an after-tax net income of $23,000 each year. Management predicts this machine has a 10-year service life and a $120,000 salvage value, and it uses straight-line depreciation.
Compute this machines accounting rate of return.
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