Please Help!!!

The following present value factors are provided for use in this problem. Periods Present Value of $1 at 8% Present Value of an

algol [13]

Answer:

$2007.6

Explanation:

According to the scenario, computation of the given data are as follow:-

4th Year Cash Flow = Salvage Value + Expected End Year Net Cash Flow

= $1,200 + $11,300

= $12,500

Year Cash flow ($) PVF at 8% Present value ($)

0 36,300 1.000 -36,300

1 11,300 0.9259 10462.67

2 11,300 0.8573 9687.49

3 11,300 0.7938 8969.94

4 12,500 0.7350 9187.5

Net present value 2007.6

According to the analysis, net present value of machine is $2007.6

4 0

4 years ago

At the beginning of 2021, Brad’s Heating & Air (BHA) has a balance of $24,200 in accounts receivable. Because BHA is a priva

VARVARA [1.3K]

Answer:

Bad debt expense under the allowance method:-

In 2021 =$5,840

In 2022 =$4,600

Bad debt expense under the direct write-off method:-

In 2021 = Nil

In 2022 = $6,200

Explanation:

In 2021:

Opening Account Receivable = $24,200

Add: Sales in 2021 =$172,000

Less: Cash collected =$167,000

Closing Account Receivable =$29,200

Bad debt allowance = 20% (given in question)

Therefore bad debt expense in 2021 will be $5,840 ($29,200*20%).

In 2022:

Opening Account Receivable =$29,200

Less: Write-off receivable =$6,200

Closing Account Receivable =$23,000

Therefore bad debt expense in 2022 will be $4,600 ($23,000*20%)

4 0

3 years ago

Beginning work in process was 1,200 units, 2,800 additional units were put into production, and ending work in process was 500 u

dem82 [27]

Answer:

3,500 units were completed.

Explanation:

Number of units completed = Opening Work in progress + Addition to production - Closing work in progress

= 1,200 + 2,800 - 500

= 3,500 units.

6 0

4 years ago

The June 1 work in process inventory consisted of 5,000 pounds with $16,000 in materials cost and $12,000 in conversion cost. Th

elixir [45]

Answer:

Equivalent units of production for materials: 42,500

Equivalent units of production for Conversion Costs : 37,700

Explanation:

Work in Process Beginning Inventory 5,000 pounds

Units started 37500

Less Ending Inventory 8000

Units Completed and Transferred Out 34,500 Pounds

Units % Of Completion EUP

Mater. C.C Materials C.C

Units Transferred 34500 100 100 34500 34500

Ending Inven. 8000 100 40 8000 3200

Total Units to accounts for 42,500

Total Equivalent Units 42,500 37,700

There are two ways of calculating equivalent units of Production . One is given above and the other is adding the percentages in the beginning inventory and started units. As we do not have the percentages of the units started therefore the above method is used.

3 0

4 years ago

Fancy’s Feedlot orders one hundred sacks of cattle feed from Bovine Feeders, Inc. Each bag has the words "Twenty percent protein

r-ruslan [8.4K]

Answer: Option (a) is correct.

Explanation:

Correct option: an express warranty.

An express warranty is an agreement by the seller of a product. In this agreement, seller promises to provide the replacement of the faulty product or service but within a specified time period after it was purchased by the buyer.

In this question, seller promises buyer that each bag of cattle feed contains twenty percent of protein. So, this a express warranty.

7 0

3 years ago