Answer:
The payback period is E. 3.52 years
Explanation:
The payback period is the time taken for an investments cash inflows to cover the initial outlay or initial cost of the project. The payback period tells how much time the project will require to cover its initial cost.
The initial cost of the project is $1100
By the end of Year 3, the project will recover = 300 + 310 + 320 = 930
The remaining amount to recover initial cost = 1100 - 930 = 170
Assuming that the cash flows occur evenly though out the years, the payback period will be = 3 + (170 / 330) * 10 = 3.515 rounded off 3.52 years
Answer:
$0.66
Explanation:
Marginal cost is the cost of producing one extra unit of a product.
if each worker is paid $8, then the marginal cost of producing the last cupcake = $8 / 12 = $0.66
A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.
Bank reconciliation is the way in which the bank balance is compare with cash balance in order to detect and rectified any discrepancies or error.
Important of Bank reconciliation includes:
• It enables company's or organizations to know the actual position of their bank balanc
•It help to detect errors
•It help to detect fraud
•It help to prevent fraud
•It help to prevent embezzlement of money.
•It help to verify the accuracy of both the bank balance and the cash balance.
Inconclusion A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.
Learn more here:
brainly.com/question/15525383
Answer:
C) used to record an adjustment to Bad Debt Expense for the year ending December 31, 2021.
Explanation:
Retained earnings account cannot be adjusted after December 31 (or whenever the balance must be done), but bad debt expense can be adjusted, specially if it increases.
Generally a company estimates it bad debt expense, the different methods used to estimate bad debts (allowance, percentage or aging methods) are used more commonly than the direct write-off method. But as every estimate, they can be close to reality or not.
E.g. some companies might have a very important client that represents a large portion of their credit sales, and if suddenly that large client that had always paid on time defaults, that event must be included in the balance sheet since the bad debts expense will increase significantly.
Answer:
MIRR= 12.9%
Explanation:
You can do this on excel using the '=MIRR' function. Enter the following cashflows on excel;
Initial investment; CF0 = -1,000
Year 1 cashflow; C01 = 300
Year 2 cashflow; C02 = 300
Year 3 cashflow; C03 = 300
Year 4 cashflow; C04 = 300
Year 5 cashflow; C05 = 300
Rate = 10%
then type in "= MIRR ", and the function will pop up, select it and highlight all the cells with the above cashflows, use 10% as finance rate & reinvestment rate and press "ENTER". The MIRR would be; 12.9%
