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Helga [31]
3 years ago
10

On june 8, alton co. issued an $90,000, 6%, 120-day note payable to seller co. assuming a 360-day year for your calculations, wh

at is the maturity value of the note?
a. $90,450
b. $90,000
c. $91,800
d. $95,400
Business
1 answer:
Firlakuza [10]3 years ago
8 0
Maturity Value = Principal  x ( 1 + Rate x Time )
Here is:
Principal = $90,000
Rate = 6% = .06
Time = 120 / 360
Maturity value = $90,000 x ( 1 + .06 x 120/360 ) =
= $90,000 x ( 1 + .02 ) =
= $90,000 x 1.02 = $91,800
Answer:   c. $91,800
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A company is considering a 3-year project that requires paying $5,000,000 for a cutting-edge production equipment. This equipmen
melamori03 [73]

Answer:

1.a. $2,460,000

2.c. $350,000

Explanation:

Calculation of after-tax salvage value

Cost of machine$ 5,000,000

Depreciation (20%+32%)=52% $ 2,600,000

WDV $ 2,400,000

($5,000,000-$2,600,000)

Sale price $ 2,500,000

Profit/(Loss) $ 100,000

Tax-40% $ 40,000

Sale price after-tax $ 2,460,000

Therefore the After-Tax Salvage Value of the production equipment at the end of the 2nd year equals$2,460,000

2.

The net working capital invested in the business, in the beginning will gets recovered at the end of the project.

Year 2, initial working capital of $ 350,000 will therefore be recovered and change in net working capital will be a positive 350,000

Therefore the change in Net Working Capital at the end of the 2nd year equals $350,000

4 0
3 years ago
Wages paid to inspectors, factory accountants, and plant supervisors are classified as __________ __________, while wages paid t
Mademuasel [1]

Answer:

Indirect Labour Cost, Direct Labour Cost

Explanation:

Direct Labour Cost

This is the type of cost incurred or wages paid to workers or employees that directly works on project. For example, laborer, foreman, painters, machine operators, delivery man etc. all belongs to this category. They are wages paid to the category of employees or workers who physically produce products.

Indirect Labour Cost

These are wages paid to those group of workers or employees that perform tasks that do not directly contribute to the production of goods or performance of services. For example, we have accountants, security guards, administrative officers, supervisors, inspectors and so on. It is also known as Overhead cost. They are not involved in the active part of conversion of raw materials into products.

5 0
3 years ago
Which of the following sentences uses correct punctuation​
CaHeK987 [17]

Answer:

C

Explanation:

5 0
2 years ago
Smiley Corp.'s transactions for the year ended December 31, 2018 included the following:
mixas84 [53]

Answer:

b. -$350,000

Explanation:

The calculation of net cash used in financing activities is shown below:-

Net cash used in cash flow from financing activities = Borrow from bank - Dividend paid + Issue common Stock - Loan repaid

= $1,250,000 - $1,200,000 + $500,000 - $900,000

= -$350,000

Therefore for calculating the net cash used in financing activities we simply applied the above formula.

7 0
3 years ago
Read 2 more answers
Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 –$218,917 –$16,419 1 25,700 5,985 2 5
Kryger [21]

Answer:

The IRR (in %) for Project A is 31%.

Explanation:

Let IRR be x%

At IRR, present value of inflows = present value of outflows.  

218917 = 25700/1.0x + 53000/1.0x^2 + 58000/1.0x^3 + 420,000/1.0x^4

solving for x, we find:

x = 31%

Therefore, The IRR (in %) for Project A is 31%.

5 0
3 years ago
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