Answer:
4 years
Yes
Explanation:
Payback period calculates the amount of time it takes to recover the amount invested in a project to be recovered from the cumulative cash flow.
Cash inflow for the period = Net income + Net cash deductions (depreciation expenses)
$60,800 + $19,200 = $80,000
Payback period = amount invested / cash inflow
$320,000 / $80,000 = 4 years
If the payback period is five years or less, the project would be accepted because the amount invested would be recovered in 4 years. Therefore, the company would purchase the new games.
I hope my answer helps you
Answer:
D. economists
Explanation:
Economists -
It refers to the person practicing in the field of economics , is refers to as an economists .
The person is responsible to deal with the concepts of economics , develop , study and apply the classical theories of economics .
The major importance of economist is to make optimal decisions using their complete knowledge of economics .
Hence , from the given information of the question,
The correct option is D. economists .
Complete Question:
Smith Commercial Development has effective control processes, allowing its managers to discover ______ in bookkeeping right away, before a would-be embezzler could seriously affect its business.
Group of answer choices
A. irregularities and errors
B. team problems
C. a potential merger
D. tax breaks
E. competence
Answer:
A. Irregularities and errors.
Explanation:
In this scenario, Smith Commercial Development has effective control processes, allowing its managers to discover irregularities and errors in bookkeeping right away, before a would-be embezzler could seriously affect its business.
Generally, managers are saddled with the responsibility of controlling various aspects of an organization (business) and as such are required to improve the effectiveness of their control processes. An effective control process ensure that every information at various levels of organization such as bookkeeping (financial statements) are accurate through the use of corrective actions.
Answer:
71,000 liters
Explanation:
The computation of the liters was started and completed during the period is calculated below:
= Number of liters completed - liters at the beginning work in process
= 74,000 liters - 3,000 liters
= 71,000 liters
In order to determine the liters completed and started, the liters at the beginning work in process is deducted from the Number of liters completed
Note: This is the answer but the same is not given in the options
The Allowance for Doubtful Accounts T-account will have the write-offs of specific customers sales discounts and allowances on the credit side.
<h3>What is
Doubtful Accounts?</h3>
It lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset."
The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay.
Thus, option B is correct.
For more details about Doubtful Accounts, click here:
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