Answer:
$704,000
Explanation:
As we know that
Costs of goods sold = Beginning inventory + purchase made - ending inventory
$720,000 = $200,000 + purchase made - $188,000
So, the purchase would be
= $708,000
Now the cash payment would be
= Beginning balance of accounts payable + purchase - ending balance of accounts payable
= $80,000 + $708,000 - $84,000
= $704,000
Answer:
Forecasting
Explanation:
Forecasting is the way by which businesses predict future economic conditions by using past information and present economic situation to make informed guess about the future.
Forecasting is used by businesses to develop strategies that will ensure their future profitability.
In this instance Exxon predicted demand for oil, gas, and coal will increase for the foreseeable future of 20 to 30 years.
However their present activity is investment I sample biofuel projects.
This is forecasting the trend of demand in the oil and gas industry.
Answer:
Breeding stock.
Explanation:
Seedstock producers are cow/calf producers who produce breeding stock for purebred or commercial operations.
This ultimately implies that, seedstock producers are individuals who are saddled with the responsibility producing cow/calf by making the breeding stock available for other livestock farmers. Thus, the breeding stock are the primary calves that are used for producing cattles in large quantities.
Answer:
D. The quantity of car rentals demanded goes up.
Explanation:
Complimentary goods are products that are used together. If Airline travel and car rentals are complementary goods, it means the two products must be used together. Either of the products will not add much value to the customer if purchased alone.
Complimentary products have a joint demand. An increase in demand for one good leads to an increase in demand for the other product. If the demand for Airline travel rises, the demand for car rentals also increases. A decrease in demand will have similar effects.
Answer:
a. Calculate the net present value.
b. Calculate the internal rate of return
c. Calculate the accrual accounting rate of return based on the net initial investment.
d. Calculate the accrual accounting rate of return based on the average investment.
Explanation:
machine cost $225,000
useful life = 10 years
salvage value = $3,000
cash flow per year = $48,500
additional working capital = $39,000
discount rate 10%
I used an excel spreadsheet because is not enough room here:
