Answer:
B) $(1,813)
Explanation:
Initial investment = 17,550
Annual cashflows = 2,650
Terminal Cashflow = 500
You can solve for NPV using financial calculator with the following inputs;
CF0= -17,550
C01 = 2,650
F01 (Frequency) = 19
C02 = 2,650 + 500 = 3,150
I=16%
Net present value; NPV = -1,812.879 or -1,813 rounded off to the nearest whole number.
It is
referred to as material benefits. Material benefits can be given as monetary benefits;
it could also be in form of special goods or services. It is given to the
members of the group to convince others to join. Other types of benefits are
solidary benefits, purposive benefits, and informational benefits.
Answer:
Selling price= $79.17
Explanation:
Giving the following information:
Direct materials cost $43
Direct labor cost $11.30
Variable overhead cost $ 5.30
Fixed overhead cost $ 1.30
Target markup 30 %
<u>The absorption costing method includes all costs related to production, both fixed and variable.</u> The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
Unit product cost= 43 + 11.3 + 5.3 + 1.3= $60.9
<u>Now, the selling price:</u>
Selling price= 60.9*1.3
Selling price= $79.17
Answer:
Depreciation expense for 2021 will be $14700
Explanation:
The straight line method charges a constant depreciation expense each period throughout the useful life of the asset. The depreciation expense per period under the straight line method is calculated as follows,
Depreciation expense = (Cost - Residual value) / Useful life of the asset
Depreciation expense = (81000 - 7500) / 5
Depreciation expense = $14700
Answer:
S/N Account Titles and Explanation Debit Credit
A Supplies $5,300
Cash $5,300
(To record the purchase of supplies for cash)
B Salaries and wages expense $
4,480
Cash $4,480
(To record the payment of wages and salaries)
C Prepaid rent $
560
Cash $560
(To record the payment of prepaid rent for July)
D Accounts receivable
$13,400
Service revenue $13,400
(To record the services provided on account)
E Accounts payable $800
Cash $800
(To record the payment made on Accounts payable)
F Cash $310
Unearned revenue/Deferred revenue $310
(To record the unearned services revenue)
G Repairs and maintenance expense $410
Accounts payable $410
(To record the accounts payable for repairs expenses incurred)
H Equipment $740
Cash $740
(To record the purchase of equipment for cash)
