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Nesterboy [21]
3 years ago
5

​O'Mally Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the

cost of​ $1,890,000. Under the other​ proposal, the company would focus on Kentucky and open 6 stores at a cost of​ $2,900,000 .The following information is​ available: Indiana proposal Kentucky proposal Required investment ​$1,890,000 ​$2,900,000 Estimated life 5 years 5 years Estimated residual value ​$80,000 ​$70,000 Estimated annual cash inflows over the next 9 years ​$700,000 ​$800,000 Required rate of return ​13% ​13% The payback period for the Kentucky proposal is closest to
Business
1 answer:
Tatiana [17]3 years ago
4 0

Answer:

3.63yrs

Explanation:

CExplanation: C) Investment / Annual cash flows$2,900,000 / 800,000 = 3.63 yrs

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Two Scoops uses the information to track cash, sales revenue, and expenses daily. How does this type of accounting system facili
lana [24]

Two Scoops uses the information to track cash, sales revenue, and expenses daily. This type of accounting system facilitate effective decision making by the following ways.

<h3>What is accounting system?</h3>

An accounting system is a collection of accounting operations with built-in controls.

Effective decision making through given accounting system are-

  • This strategy would ensure that the business was completely aware of its daily sales and what the counter balance ought to be at any given moment.
  • It would be simple to make business decisions that are in line with the needs of the firm and not just arbitrary decisions based on reality contacts thanks to the data obtained from this procedure being ready to put in to excel sheets and be shown in the form of various charts.
  • Since they are aware that the accounts are regularly audited, store staff would not want to take part in stealing from the cashier.

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5 0
2 years ago
Jane Westerlund owns a picture-framing store, The Caplow Co. The average price she receives for a framed picture is $120. This p
Olegator [25]

Answer:

this would cause total costs to Increase and the break-even quantity to Increase.

Explanation:

Total Cost is the Sum of All Manufacturing and Non-Manufacturing  Cost of a product.

Advertising expense before adjustments are at $500. The cost of advertising does not vary with the sales quantities therefore this is a fixed cost.

Therefore an Increase in the advertising expense causes an increase in Total cost figure.

Break even quantity is a function of Fixed Costs divided by Contribution per unit.The break even quantity will definitely change. By increasing the fixed costs (<em>Advertising Expense</em>), the Break even quantity will increase.

5 0
3 years ago
Read 2 more answers
A library shelving system has a fi rst cost of $20,000 and a useful life of 10 years. The annual maintenance is expected to be $
Debora [2.8K]

Answer:

The benefit cost ratio is 1.564

Explanation:

The benefit-cost ratio is the ratio of the present value of benefits to the present value of costs. It is thus calculated as follows.

Benefit-cost ratio = Present value of benefits / Present value of costs

Present value of costs = $20,000 + $2,500 (P/A, 10%, 10 years)

                                     = $20,000 + $15,361

                                     = $35,361

Present value of benefits = $9,000 (P/A, 10%, 10 years)

                                          = $9,000 x 6.145

                                          = $55,305

Benefit-cost ratio = $55,305 / $35,361

                             = 1.564

3 0
2 years ago
Michael company issued 8% bonds with a par value of 1,000,000 receiving 20,000 premium on the interest date 5 years later, after
sattari [20]

Answer:

option D - $22,000 gain

Explanation:

the gain can be calculated by using the following relation

Face Value + Unamortized Premium - Purchase Price = gain

where,

Face Value - $1,000,000

 Unamortized Premium - 60% x $20,000

Purchase Price - 99% x $1,000,000

putting all value to get gain or loss on the retirement

= $1,000,000 + (60% x $20,000) - (99% x $1,000,000)

=  $22,000 gain

6 0
3 years ago
How many district courts are in the federal system?.
posledela
Answer 94 districts.

In the federal court system's present form, 94 district level trial courts and 13 courts of appeals sit below the Supreme Court.
8 0
2 years ago
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