The solution is to open joint bank account. Joint account will allow you to deposit or withdraw cash from your dual income without any fear that one account will get lost. This will help you manage your money and also share it to one of your family members. Your income is safe with you having a joint account because you can monitor it in one transaction only.
Answer: 3.63 years.
Explanation:
The Payback period of a machine refers to how long it will take to repay it's initial investment. In this case, how long it will take to repay $54,000.
The Net Income is given in the income statement. The Depreciation needs to be added back to this income though because it is a non-cash expense so failing to add it back understates the actual amount of money that the company is getting from the machine.
Total Annual Payback = Net Income + Depreciation
= 5,850 + 9,000
= $14,850
Payback Period is,
= Initial Cost / Annual Inflow
= 54,000 / 14,850
= 3.63 years
Answer: Two-day option at $301.10
Explanation:
Total cost = Cost of Shipment + (H * shipment time)/365
H = Annual earning potential = 125 units * (200 * 30%)
= $7,500
Overnight shipping:
= 300 + 7,500 * 1/365
= $320.55
Two-day
= 260 + 7,500 * 2/365
= $301.10
Six-day
= 180 + 7,500 * 6/365
= $303.29
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<em>The Two-day option would be most economical. </em>
Answer:
A. $3,300.
Explanation:
At the end of August, Southland Company had a cash balance of 17000+120800-134500 = $3,300.
Hence the company will have to take a loan of $6700(10000-3300) to be able to maintain the cash balance of $10,000.
The difference between the money that is being earned or increased from sales and the cost of products being sold