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ira [324]
3 years ago
6

Craig's Car Wash Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the projec

t's discounted payback?r = 10.00%Year 0 1 2 3Cash flows −$900 $500 $500 $500a. 1.88 yearsb. 2.09 yearsc. 2.29 yearsd. 2.52 yearse. 2.78 years

Business
1 answer:
otez555 [7]3 years ago
6 0

Answer: B - 2.09 years

Explanation:

Discounted payback period calculates how long it takes for the amount invested in a project to be recovered from the cash flows generated from the project.

The calculation used in getting the answer is found in the attachment.

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g The Melville Company sold land for $60,000 in cash. The land was originally purchased for $40,000, and at the time of the sale
Tresset [83]

Answer and Explanation:

The impact on the sale and the payoff the loan in an accounting equation is as follows:

But before that

The following journal entries should be recorded

Cash $60,000    

        To Land $40,000

        To Profit on sale of land $20,000

(Being the sale of the land is recorded)

Loan Dr $15,000

       To Cash $15,000

(Being the loan is paid)

Here the cash would increased by $5,000, the liabilities would decreased by $15,000 and equity would be increased by $20,000

8 0
2 years ago
Check all answers that apply. Based on the model output, we can say that both the size of the move (CuFt) and number of large fu
RideAnS [48]

Answer:

P-value for slope coefficient of the size of the mode CuFt is0.00

Explanation:

The slope coefficient is change in probability when all other independent variables are held constant. The output is 93.3 which is due to the variation in labor hours. These variations are due to large number of furniture moved in cubic feet.

7 0
3 years ago
Based on the corporate valuation model, gray entertainment's total corporate value is $1,150 million. the company's balance shee
vagabundo [1.1K]

Answer:

$26.67 million

Explanation:

The computation of price per share is shown below:-

Total market value = $1,150 million + $120 million

= $1,270 million

Market value of equity = Total market value - value of debt - value of preferred stock

= $1,270 million - ($120 million + $300 million + $50 million)

=  $1,270 million - $470 million

= $800 million

Price per share = Market value of equity ÷ Stock outstanding

= $800 million ÷ $30 million

= $26.67 million

5 0
3 years ago
A trust is a legal document that explains how a person wishes his property to be transferred.
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6 0
3 years ago
Read 2 more answers
The actual cash received from cash sales was $36,006 and the amount indicated by the cash register total was $36,010. Journalize
andrezito [222]

Answer:

Cash shorting = 36,010 - 36,006 = $4

DR Cash                                                                  $36,006

     Cash Short and Over                                        $         4

     CR Sales                                                                            $36,010

There is a shortage of cash as the sales figure is more than the cash amount. The Cash Short and Over account will therefore be debited to reflect this expense.

7 0
2 years ago
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