Answer:
22.64%
Explanation:
Given that
Buyed value of an asset = $4,500
Projected cash flows
For year 1 = $750
For year 2 = $1,000
For year 3 = $850
For year 4 = $6,250
So, the rate of return i.e internal rate of return is
We assume the internal rate of return be X%
$4,500 = $750 ÷ (1.0x) + $1000 ÷ (1.0x)^2 +$850 ÷ (1.0x)^3 + $6,250 ÷ (1.0x)^4
After solving this, the rate of return is 22.64%
Answer:
FALSE
Explanation:
The FASB, GASB, and FASAB do not all focus their standards on both internal and external financial reporting.
The GASB - Governmental Accounting Standards Board and the FASB - Financial Accounting Standards Board, tend to focus more on external users of financial information while the FASAB - Federal Accounting Standards Advisory Board tend to focus on both internal and external users of financial information.
What to produce
who for
how much to produce
I personally do but that is totally up to you
Answer:
Sales Returns and Allowances $140 and Accounts Receivable $140
Explanation:
When goods are returned, the sales revenue decreases through Sales Returns and Allowances which is an expense so it is debited and the goods sold on account so the Accounts Receivable which is an asset decreases so it is credited.
Date Account Titles and Explanations Debit Credit
Sales Returns and Allowances $140
Accounts Receivable $140
(To record sales returns)