Denny corporation is considering replacing a technologically obsolete machine with a new state-of-the-art numerically controlled machine. the new machine would cost $160,000 and would have a ten-year useful life. unfortunately, the new machine would have no salvage value. the new machine would cost $22,000 per year to operate and maintain, but would save $52,000 per year in labor and other costs. the old machine can be sold now for scrap for $16,000. the simple rate of return on the new machine is closest to (ignore income taxes.):

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to:

Each month hope received her bank statement listing the checks that have cleared her checking account in the month. what are these checks called? a. reconciled b. covered c. outstanding d. cancelled