Answer: Length of time it takes for the project to recover its initial cost from the net cash inflows generated
Explanation:
A Payback period like the term implies is simply how long it will take to pay back the original investment.
Going further it is how long it will take to pay back the original investment from the cash inflows that the project will generate.
For example, if a project costs $200 to initiate and each year has cash inflows of $50 dollars every year then all else being equal, the initial capital should be paid off in 4 years.
4 years in this scenario is the Payback Period.
Answer:
Quantitative approach of Management refers to a managerial technique that relied on rigid calculations (such as statistics or computer simulations) in order to improve the decision making.
Here are the advantages:
- The decision making process occurred a lot quicker since the managers can relied on computers to analyze all the relevant factors
- Cost benefit analysis can be more accurate since it completely disregard the personal biases of the manager.
- Results between each decisions implementation can be measures easily since it's displayed on numerical value.
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Answer:
a. Journal entry to record the issue of notes
Date Account Title & Explanation Debit $ Credit $
Jan 1 Cash 350,000
Notes Payable 350,000
(To record the issue of notes payable)
b. Calculation of Interest Expenses
Particulars Amount $
Beginning balance of loan payment 350,000
Annual interest rate 4%
Interest expenses 14,000
Hence the interest expenses = $14,000
Principal amount is calculated as the difference between the annual payment and the interest expenses as seen below
Particulars Amount $
Annual payment 96,590
Less: Interest expenses 14,000
Principal Payment 82,590
Hence, the principal payment =$82,590
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