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Talja [164]
3 years ago
9

Stear Corp. Purchases goods on credit for $2,000. It records this transaction in the journal. It then returns a quarter of these

goods to the vendor because they were defective. How will the accountant record the transaction of returning the defective goods in the journal?
Business
1 answer:
mafiozo [28]3 years ago
7 0

Answer:

Journal entries:

Explanation:

For recording the purchase of goods of credit

Inventory dr. 2000

Accounts payable cr. in the name of the vendor 2000

For recording the return of goods purchased

Account payable dr. in the name of the vendor 2000

Inventory cr 2000

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Answer:

Please refer to the attached

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Suppose you are evaluating two mutually exclusive projects, A and B. Project A costs $350 and has cash flows of $250 and $250 in
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Answer:

The answer is 30%

Explanation:

Solution

Given that:

Project A

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Project B

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Cash flow = $300 and  $100

Now what is the crossover rate for these projects.

Thus

Year Project A    Project B A-B        B-A

0            -350     -300        -50        50

1             250      300        -50        50

2             250      100         150       -150

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So,

CF = CF1/(1+r)^1 + CF2/(1+r)^2

$-50 = $-50/(1+r)^1 + $150/(1+r)^2

r = 30%

CF = CF1/(1+r)^1 + CF2/(1+r)^2

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r = 30%

Hence, the cross over rate for these project is 30%

Note:

IRR =Internal rate of return

CF =Cash flow

r = rate

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Answer:

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