The correct answer is D. manipulated accounting Procedures.
Answer:
Dr Organization costs ($12,000 + $3,000) 15,000
Dr Patent ($20,000 + $2,000) 22,000
Dr Equipment 30,000
Dr Preopening expenses 40,000
Cr Cash 107,000
Explanation:
Organization costs are the initial costs incurred to start a business. They include attorney fees, and any other legal and registration fees required by both municipal state and federal government.
Any fees related to the purchase of the patent, e.g. commissions paid or attorney fees must be included in the purchase cost of the patent.
Answer: The number of shares outstanding is approximately 170702.32 shares.
We have :
EPS $0.43
Net Income $73,402
The formula for computing EPS is
Substituting the values from the question in the formula above we get,
Answer:
B) IRR is 3%. Reject the project.
Explanation:
We can use an excel spreadsheet to calculate the internal rate of return (IRR) for this investment:
we can use the IRR function =IRR(values,[guess])
where:
- value 1 = -238160
- value 2 to 6 = 52000
- guess = optional, not required
=IRR(-238160,52000,52000,52000,52000,52000) = 3%
In order to figure out this you would take the original balance
$120.70 and add the paycheck $343.52
from there you would then minus the City payment of $53.90 and minus the internet payment of $86.40
This would leave you with $323.96
Hope This helps :)
