<span>The effect is a decrease of $7235,640 in the company's retained earnings and cash balance, resulting in a decrease in assets and equity. Before the dividend is actually paid out, the balance sheet will show a debit to its retained earning account of $7,235,640 and a credit to the dividends payable account of $7235,640. After the dividends are paid, the dividend payable account is credited and the dividends payable account is debited in the same amount, and these accounts are no longer shown on the balance sheet.</span>
Answer:
8%
Explanation:
The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.
The IRR can be calculated using a financial calculator.
Cash flow in year zero = $-165,000
Cash flow each year from year one to seven = $31,692
IRR = 8%
To find the IRR using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
I hope my answer helps you
Answer:
A $660,030
Explanation:
Total cost of units completed and transferred out = Units Completed and Transferred x Cost per Equivalent Unit
Therefore,
Total cost of units completed and transferred out = 117,000
