Answer:
A.) Write a business plan
Explanation:
A business plan is a docent that describes nature of the business, growth and sales strategies, and projected profits.
It is a road map that shows how a business will be set up, how it will function to meet set goals, and financial projections that demonstrates the viability of the business idea.
Deon will have to come up with a business plan that summarises his vision of setting up the car wash. On the basis of this SCORE will make a decision about helping him start the company.
Answer:
Dr Cash for $461,795,
Cr Premium on Bonds Payable for $11,795
Cr Bonds Payable for $450,000
Explanation:
Journal entries
Dr Cash for $461,795,
Cr Premium on Bonds Payable for $11,795
Cr Bonds Payable for $450,000
(Issue price of $461,795 - par value of $450,000) =$11,795
Answer:
Realized gain is $297,144
Recognized gain is $47,144
Adjusted basis for new residence is $175,000
Explanation:
•Ted's Realized gain:
Sales price $368,000 - basis $48,776 - expenses $22,080 = $297,144.
• Ted's Recognized gain:
Realized gain $297,144 - exclusion upto $250,000 = $47,144.
• Ted's basis of the new residence is its cost of $175,000.
Answer:
See below
Explanation:
1. Supply expense. 700
Supplies inventory. 700
2. Insurance expense. 650
Prepaid insurance. 650
3. Depreciation expense. 200
Accumulated Depreciation. 200
4. Wages expense. 100
Wages payable. 100
Answer:
the options are missing:
- Always accept Project A.
-
Accept Project B if the required return is less than 13.1 percent.
- Be indifferent to the projects at any discount rate above 13.1 percent.
- Accept Project B only when the required return is equal to the crossover rate.
- Always accept Project A if the required return exceeds the crossover rate.
the answer is:
5. Always accept Project A if the required return exceeds the crossover rate.
The crossover point tells us that one project must be chosen if the IRR is higher than the cross over point, but if the IRR is lower, then the other alternative should be selected.
In this case, the cross over point is 12.3% and we are told that project A should be selected if the required IRR is 13.1%. That tells us that the alternative that we must choose above 12.3% is project A. Project B should be selected if the IRR is less than 12.3%.
