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Vlad [161]
2 years ago
12

Cash Received from Customers—Direct Method

Business
1 answer:
raketka [301]2 years ago
7 0

Based on the sales figure and the change in the accounts receivable balance, the amount of cash received from customers wa<u>s $14,300.</u>

<h3>What was the amount of cash received?</h3>

The accounts receivable balance refers to the amount that customers owe to the company.

This means that if the accounts receivable balance decreases by the certain amount, it would be because that amount was paid by the customers who owe the business.

The cash paid is therefore the amount of $14,300 which the balance reduced by.

Find out more on accounts receivables at brainly.com/question/24848903.

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You are considering two mutually exclusive projects with the following cash flows. Which project(s) should you accept if the dis
larisa [96]

Answer:

NPV Project A = - $825.31

NPV Project B = $6119.89

So, at a discount rate of 8.5%, Project B should be accepted.

NPV Project A = - $6804

Npv Project B = - $3764.48

So, at a discount rate of 13%, neither of the projects should be accepted.

Explanation:

One of the methods to evaluate a project is to determine the NPV or Net Present Value from the project. If a project provides a positive NPV after discounting the cash flows from the project at a set discount rate, the project should be accepted. If the project gives a negative NPV, the project should be discarded.

The NPV is calculated as follows,

NPV = CF1 / (1+r)  +  CF2 / (1+r)^2 + ... + CFn / (1+r)^n - Initial cost

Where,

  • CF1, CF2, ... represents the cash flows in year 1 and year 2 and so on
  • r is the discount rate

<u>At 8.5% discount rate</u>

NPV Project A = 31000/(1+0.085)  +  31000/(1+0.085)^2  +  31000/(1+0.085)^3 - 80000

NPV Project A = - $825.31

NPV Project B = 110000 / (1+0.085)^3  -  80000

NPV Project B = $6119.89

So, at a discount rate of 8.5%, Project B should be accepted.

<u>At 13% discount rate</u>

NPV Project A = 31000/(1+0.13)  +  31000/(1+0.13)^2  +  31000/(1+0.13)^3 - 80000

NPV Project A = - $6804

NPV Project B = 110000 / (1+0.13)^3  -  80000

Npv Project B = - $3764.48

So, at a discount rate of 13%, neither of the projects should be accepted.

4 0
3 years ago
RyanRyan Street Barber Shop pays $ 30$30 per month for water for the first 12 comma 00012,000 gallons and $ 2.50$2.50 per thousa
Phantasy [73]

Answer:

  • 8,000: $30
  • 13,000: $32.50
  • 17,000: $42.50

Explanation:

<u>8,000</u>

This amount is below the quantity for which additional charges accrue. The base charge applies: $30.

<u>13,000</u>

This is 1000 gallons more than you get for $30, so costs an additional $2.50. The total water cost is ...

  $30 +2.50 = $32.50

<u>17,000</u>

This is 5,000 gallons more than you get for $30, so costs an additional 5×$2.50 = $12.50. The total water cost is ...

  $30 +12.50 = $42.50

_____

<em>Comment on the water charges</em>

$30 is the same as the cost of 12,000 gallons at $2.50 per thousand. So, the total bill can be figured at $2.50 per thousand, with a $30 minimum.

  8 × $2.50 = $20, so the charge is the minimum, $30

  13 × $2.50 = $32.50

  17 × $2.50 = $42.50

4 0
2 years ago
What are the central concerns of economics?
nasty-shy [4]

Hi


The answer is : A

Resource use, production, and distribution of goods and services.


I hope that's help:)

5 0
3 years ago
APR stands for Annual Proportion Ratio.
lisabon 2012 [21]
This statement is false, APR does not stands for Annual Proportion Ratio, rather it stands for Annual Percentage Rate. Usually APR can be seen in Credit Cards, loans, etc. It is the Annual percentage rate added to your credits.
8 0
3 years ago
Splish Brothers Inc. reported a net income of $3.3 million in 2017. Depreciation for the year was $161,700, accounts receivable
tino4ka555 [31]

Answer:

net flow from operating activity is  = $3503000

Explanation:

given data

net income = $3.3 million

Depreciation = $161,700

accounts receivable = $322,100

accounts payable = $280,800

to find our

net cash provided by operating activities using the indirect approach

solution

cash flow statement as per indirect method is as

particular                                                                                          amount

net income                                                                                       $3300000

adjustment to reconcile net income to

net cash provide operation activity                                               $203000

net flow from operating activity                                                  $3503000

adjustment to reconcile net income  = depreciate expense + accounts receivable - account payable

= $161700 + $32100 - $280800

= $203000

and

net flow from operating activity is = net income + adjustment to reconcile net income to net cash provide operation activity  

net flow from operating activity is  = $3300000 + $203000

net flow from operating activity is  = $3503000

5 0
3 years ago
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