On january 1, 2013, quick stop, a convenience store, purchased a new soft-drink cooler. quick stop paid $15,380 cash for the cooler. quick stop also paid $750 to have the cooler shipped to its location. after the new cooler arrived, quick stop paid $222 to have the old cooler dismantled and removed. quick stop also paid $1,020 to a contractor to have new wiring and drains installed for the new cooler. quick stop estimated that the cooler would have a useful life of 8 years and a residual value of $500. quick stop uses the straight-line method of depreciation. required: (1) prepare any necessary journal entries to record the cost of the cooler. (2) prepare the adjusting entry to record 2013 depreciation expense on the new cooler. (3) what is the book value of the cooler at the end of 2013? (4) conceptual connection: if quick stop had used a useful life of 12 years and a residual value of $800, how would this effect depreciation expense for 2013 and the book value of the cooler at the end of 2013?

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

Which of the following is true of website content? it should be refreshed periodically to keep customers coming back. once the content has been written and proofread it shouldn't be changed. grammatical errors are not a problem because the customer visits the site to purchase a product, not check the site's grammar. it should be limited to text and shouldn't include multimedia.

Both renewable and nonrenewable resources are used within our society. how do the uses of nonrenewable resources compare to the uses of renewable resources?