Miley Corp. exchanges old equipment that cost $10,000 (accumulated depreciation of $4,500) for new equipment. The fair value of the new equipment is $8,000. The fair value of the old equipment cannot be reliably estimated. Prepare the entry to record acquisition of the new equipment under each of the following separate cases. a. Transaction has commercial substance. No cash is involved. b. Transaction has commercial substance. Cash of $3,000 is paid by Miley. c. Transaction lacks commercial substance. No cash is involved. d. Transaction lacks commercial substance. Cash of $1,000 is paid by Miley. e. Transaction lacks commercial substance Cash of $2,000 is received by Miley.

Answer the following questions using the information below: southwestern college is planning to hold a fund raising banquet at one of the local country clubs. it has two options for the banquet: option one: crestview country club a. fixed rental cost of $1,000 b. $12 per person for food option two: tallgrass country club a. fixed rental cost of $3,000 b. $8.00 per person for food southwestern college has budgeted $1,800 for administrative and marketing expenses. it plans to hire a band which will cost another $800. tickets are expected to be $30 per person. local business supporters will donate any other items required for the event. which option has the lowest breakeven point?

howard, fine, & howard is an advertising agency. the firm uses an activity-based costing system to allocate overhead costs to its services. information about the firm's activity cost pool rates follows: stooge company was a client of howard, fine, & howard. recently, 7 administrative assistant hours, 3 new ad campaigns, and 8 meeting hours were incurred for the stooge company account. using the activity-based costing system, how much overhead cost would be allocated to the stooge company account?

You own 2,200 shares of deltona hardware. the company has stated that it plans on issuing a dividend of $0.42 a share at the end of this year and then issuing a final liquidating dividend of $2.90 a share at the end of next year. your required rate of return on this security is 16 percent. ignoring taxes, what is the value of one share of this stock to you today?