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lora16 [44]
3 years ago
3

High Breeze currently produces boat sails and is considering expanding into awnings for homes and travel trailers. The company o

wns land that could be used for the expansion. This land was purchased five at a cost of $319,000 and is valued today at $395,000. The company has some unused equipment that it currently owns valued at $38,000. This equipment could be used for producing awnings if $12,000 is spent for equipment modifications. Other equipment costing $138,000 will also be required. What is the amount of the initial cash flow for this expansion project
Business
1 answer:
spin [16.1K]3 years ago
0 0

Answer:

- $583,000

Explanation:

The computation of the initial investment is shown below:

= - (Today value price of land + current value of unused equipment + producing awnings cost + cost of other equipment)

= - ($395,000 + $38,000 + $12,000 + $138,000)

= - $583,000

The initial investment should always be displayed in a negative sign.

All other information which is given is not relevant. Hence, ignored it

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Answer:

c. the analysis of receivables method.

Explanation:

In accounting for uncollectible receivables, the balance in Allowance for Doubtful Accounts will directly impact the amount of the adjustment when applying the analysis of receivables method.

The uncollectible account for receivables includes loans, credit sales or other debts that the business isn't expecting payment for and they are recorded as bad debt expense on the balance sheet.

The allowance for doubtful account method is used to account for the bad debt expense, and recorded before the bad debt occurs.

Basically, there are two (2) main methods of determining uncollectible accounts for receivables under the allowance method, these are;

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In this scenario, we are more concerned with this;

The analysis of receivables method is used to determine uncollectible account for receivables based on the age of respective accounts receivable.

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2 years ago
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Answer: $2100

Explanation:

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The amount that must be remitted to the state for February's sales taxes will be:

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