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Tresset [83]
3 years ago
10

Rushmore Company provided services for $45,000 cash during Year 1. Rushmore incurred $36,000 of operating expenses on account du

ring Year 1, and by the end of the year, $9,000 of that amount had been paid with cash. If these are the only accounting events that affected Rushmore during Year 1, which of the following statements is true?

Business
1 answer:
laila [671]3 years ago
6 0

Answer:

The amount of the net income shown on the income statement is $9,000

Explanation:

The computation of the net income is shown below:

Net income = Services provided for cash =  operating expenses incurred

= $45,000 - $36,000

= $9,000

According to the matching principle, the revenues of a particular period should always be matched with the expenses that are incurred in that particular year

So, the net income that is to be reported on the income statement is $9,000

Note: Options are shown in the attachment

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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
suppose the price of an important input in the production of books were to increase. what can be concluded about the quantity of
Westkost [7]

The conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the <u>quantity supplied</u><u> is reduced</u>.

<h3>How do production costs affect supply?</h3>

When production costs (input) increase, the quantity supplied at a given price decreases.

Conversely, a decrease in production costs increases the quantity supplied.

Thus, the conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the <u>quantity supplied</u><u> is reduced</u>.

Learn more about supply and production costs at brainly.com/question/2223110

#SPJ12

7 0
2 years ago
Diversity initiatives do NOT include
MrRa [10]

Answer:

D. At-will employment

Explanation:

Don't be fooled! At-will employment actually refers to two things:

at-will termination, meaning an employer can fire you for any reason (other than illegal)

and at-will quitting, meaning the employee can quit at any time, for any reason.

An example of this would be a boss firing an employee for wearing a gray shirt to work, which is the boss's least favorite color. It's messed up, but under at-will employment, it can be done. Moments later, another employee leaves without warning or notice, and under the same rule, it can be done.

In contrast with the other options, D has nothing to do with diversity.

8 0
3 years ago
Anand is a manager who believes that he can force his subordinates to work extra hours through close supervision. He instills fe
Archy [21]

Answer:

Theory X Manager

Explanation:

Douglas McGregor presented this perspectives of human being named as Theory X (which is labeled as negative). McGregor after studying the manager's behavior and how they are dealing with their employees, came to the conclusion that the manager’s views of the nature of human beings are built on the particular assumptions taken from their behavior.

 

According to Theory X, managers tend to believe that not liking the work is present in employee nature and therefore it is necessary to direct or even force them to perform tasks and their required job.

 

To put it another way, theory X basically tries to put that all humans and particularly employees are lazy, and they don't want to work, they are required to pull and push for doing so.

7 0
3 years ago
Of the 168 hours in aâ week, as a full timeâ student, you should spend how many hours per week on schoolâ work?
ehidna [41]
Personally I spend about 4 hours on schoolwork (assuming there are no projects).

(4 hours because I'm taking 4 APs)

I spend extra 2-3 hours just reviewing/studying.

The remaining time is used to have fun ;)
4 0
3 years ago
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