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1 year ago

A list of accounts and balances before adjustments are recorded is known as a(n)?

1 answer:

6 0

A list of accounts and balances before adjustments are recorded is known as a(n) Unadjusted trial balance.

What is accounts?

The entry of a transaction in a financial statement is referred to as a “accounts.” The account has been updated to reflect the debit and credit transactions. Assets, liabilities, revenue, equity, and expenses are all types of financial activity.

The unadjusted before trial balance as the adjustment of the record in the accounts. The trial balance as the entry in the double-entry account book, as the indicating the errors of the accounting.

As a result, the unadjusted trial balance, list of accounts and balances before adjustments are recorded.

Learn more about accounts, here:

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A firm purchased $120,000 worth of light general-purpose trucks. The operations of the trucks lead to annual income of $60,000 f

Setler [38]

The before-tax IRR is 37.93%

The after-tax IRR is 19.32%

The internal rate of return (IRR) is defined as the return rate on a project investment project over a periodic lifespan.

It is also referred to as the net present value of an investment project which is zero. It can be expressed by using the formula:

$\mathbf{0= NPV \sum \limits ^{T}_{t=1} \dfrac{C_t}{(1+1RR)^t}- C_o}$

where;

$\mathbf{C_t}$ = net cash inflow for a time period (t)
$\mathbf{C_o=}$ Total initial investment cost

For the before-tax IRR:

The cash outflow = $120000

Cash Inflow for the first three years = $60000

Cash inflow for the fourth year = $60000 + $20000 = $80000

∴

Using the above formula, we have:

$\mathbf{0 = \dfrac{60000}{(1+r)^1}+ \dfrac{60000}{(1+r)^2}+ \dfrac{60000}{(1+r)^3}+ \dfrac{80000}{(1+r)^4}}$

By solving the above equation:

r = 37.93%

For the after-tax IRR:

The cash outflow = $120000

Recall that:

Cash Inflow = Cash inflow × Tax rate

∴

For the first three years; the cash inflow is:

$\mathbf{=60000 -(60000\times 0.3) } \\ \\ \mathbf{ = 60000 -18000} \\ \\ \mathbf{ = 42000}$

For the fourth year, the cash inflow is

$\mathbf{=80000 -(60000\times 0.3) } \\ \\ \mathbf{ = 80000 -18000} \\ \\ \mathbf{ = 62000}$

Using the above IRR formula:

$\mathbf{0 = \dfrac{42000}{(1+r)^1}+ \dfrac{42000}{(1+r)^2}+ \dfrac{42000}{(1+r)^3}+ \dfrac{62000}{(1+r)^4}}$

By solving the above equation:

r = 19.32%

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2 years ago

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