Answer:
D. The IRR is about 22.80%
Explanation:
If we use excel instead of trial and error method, it is easy to determine the Internal rate of return. As there is no cost of capital, it is challenging to determine IRR through the trial and error method.
The following image shows the IRR of this project is 22.80%.
Answer:
a. $1,510,000
Explanation:
The computation of the total manufacturing costs is shown below:
= Direct material cost + Direct labor cost + manufacturing overhead cost
where,
Direct material cost = Opening inventory + purchase made - ending inventory
= $200,000 + $500,000 - $240,000
= $460,000
And the other items values remain the same
So, the value would be equal to
= $460,000 + $500,000 + $550,000
= $1,510,000
We assume that the data is given 2018 and 2017
Answer:
D. Less; Less
Explanation:
Given that
CPI in 2005 = 1.68
Wage in 1972 = 7200
Wage in 2005 = 30,000
CPI in 1971 = 0.418
Therefore,
Real wage in 1972 = wage in 1972/CPI in 1972
= 7200/0.418
= $17,224.88
Real wage in 2005 = wage in 2005/CPI in 2005
= 30000/1.68
=$17,857.14
Thus, from the given data 1972 job paid LESS in nominal terms (7200 < 30000) and LESS in real terms (17,244.88 < 17,857.14) than the 2005 job.
Answer:
$4,050
Explanation:
Selling price is $135,000
Commission is 6 %
Actual commission 6/100 x 135,000
= .06x 135000
=$8100
Brokers gets 50 %, and the agent 50%
Actual amount= 50/100 x 8100
= 0.5x$8100
=$ 4050
Answer:
Given that,
Desired balance in allowance account = $33,750 (Credit)
Current balance = $555 (Debit)
Adjustment for allowance accounts:
= Desired balance in allowance account - Current balance
= $33,750 - $555
= $33,195
Therefore, the journal entry is as follows:
Bad debt expense A/c Dr. $33,195
To Allowance for doubtful account $33,195
(To record the estimated bad debts expense)