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The Corps serves almost as part of the elaborate scenery, sometimes standing perfectly still in a pose for minutes at a time while the main dancers dance downstage.
Answer:
Explanation:
The required journal is given below
1 Product Warranty Expense 20425 =475000*4.3%
Product Warranty Payable 20425
2 Product Warranty Payable 280
Supplies/Inventory 215
Wages Payable 65
Answer:
b. $5,870
Explanation:
Data given in the question
Cash balance per books, May 31 $5,400
Deposits in transit $375
Notes receivable and interest collected by bank $650
Bank charge for check printing $40
Outstanding checks $2,400
NSF check $140
The computation of the adjusted cash balance per books is shown below:
= Cash balance per books + Notes receivable and interest collected - Bank charges - NSF check
= $5,400 + $650 - $40 - $140
= $5,870
Answer:
a. $50,774.30
Explanation:
Present value of inflows = Cash inflow * Present value of discounting factor(rate%,t ime period)
Present value of inflows = $35,300/1.082 + $60,030/(1.082)^2 + $62,370/(1.082)^3 + $60,150/(1.082)^4 + $43,170/(1.082)^5
Present value of inflows = $32,624.77 + $51,275.96 + $49,237.27 + $43,886.06 + $29,110.24
Present value of inflows =$206,134.30
Project NPV = Present value of inflows - Present value of outflows
Project NPV = $206,134.30 - $155,360
Project NPV = $50,774.30