A magazine company's Unearned Revenue account had a balance of $12,700 on January 1, 2013. On December 31, 2013, as part of the
1 answer:
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Answer:
$339,600
Explanation:
The internal rate of return is the relationship between the price of the equipment and their yearly cash flow. the IRR makes the net present value equal to zero thus, it makes the present value of the yearly cashflow equal to the cost:
C 60,000.00
time 12
rate 0.14
PV $339,617.5275
<em><u>From the given option:</u></em>
$ 339,600 is the closest option.
Answer:
1. What is the amount of profit or loss during December?
- $9,300
2. What were the total expenses for December?
- $12,950
3. How much was paid for rent?
- $1,220
Explanation:
we are missing some numbers, so I looked for a similar question. I found one that was almost identical, but the amount of initial paid in capital varied by a little bit. I still used it with the only difference that I used the given common stock, not the common stock that appears in the picture.
Common stock $29,750
retained earnings for November = $5,000
total assets = $56,150
total stockholders' equity = $38,300
retained earnings = $38,300 - $29,750 = $8,550
- $5,000 from November
- $3,550 from December
December's profit = $3,550 (retained earnings) + $5,750 (dividends) = $9,300
income statement = $27,250 - total expenses = $9,300 + $5,000 = $14,300
total expenses = $27,250 - $14,300 = $12,950
utilities expense = $12,950 - $6,450 - $4,625 - $1,220 = $655
