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Answer:
future worth:
project A  11,615.26
project B  12,139.18
It should choose project B as their future value is greater 
IRR of project A: 13.54%
We should remember that the IRR is the rate at which the net value is zero thus, equals the inflow with the cash outlay
It is calculate with excel or financial calculator due to the complex of the formula.
Explanation:
Project A
We calculate the future value of the cash flow per year and cost as we are asked for future value. The salvage value is already at the end of the project life so we don't adjust it.
Revenues future value
 
  
C	15,000
time	8
rate	0.12
 
  
FV	$184,495.3970  
Expenses future value
 
 
C	3,000
time	10
rate	0.12
 
  
FV	$52,646.2052  
Cost future value
 
  
Principal	40,000.00
time	10.00
rate	0.12000
 
  
Amount	124,233.93
Net future worth:
-124,233.93 cost - 52,646.21 expenses + 184,495.40 revenues + 4,000 salvage value
future worth 11,615.26
Project B
cost:
 
  
Principal	60,000.00
time	10.00
rate	0.12000
 
  
Amount	186,350.89
expenses 52,646.21 (same as previous)
revenues
 
  
C	24,000
time	7
rate	0.12
 
  
FV	$242,136.2815  
TOTAL 
242,136.28 + 9,000 - 52,646.21 - 186,350.89 = 12,139.18
Internal rate of return of project A
we write the time and cash flow for each period.
Time	Cash flow
0	-40,000
1	-3,000
2	-3,000
3	12,000
4	12,000
5	12,000
6	12,000
7	12,000
8	12,000
9	12,000
10	16,000
IRR	13.54%
Then we write on excel the function =IRR(select the cashflow)
and we got the IRR of the project
 
        
             
        
        
        
Answer:
$3540.
Explanation:
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
Ending inventory comprises of goods bought in May, September and November
cost of the ending inventory :
(4 x $130) + (12 x $135) + (10 x$140) = $3540
 
        
             
        
        
        
Answer:
The amount of total current assets that will be reported on the budgeted balance sheet is $40,000.
Explanation:
Total current assets 
= Cash + Accounts receivable + Finished goods inventory + Raw materials inventory 
= $4,000 + $16,000 + $12,000 + $8,000 
= $40,000
Therefore, The amount of total current assets that will be reported on the budgeted balance sheet is $40,000.