Outsourcing of jobs works best for jobs that require problem solving and creativity. TRUE or FALSE.

Journal EntryThe company has an unadjusted debit balance in Accounts Receivable of $25,000 and an unadjusted credit balance of $

Mkey [24]

Answer:

Sales Discounts 190 debit

Allowance for Sales Discounts 190 credit

Explanation:

From the current accounts receivable, the company has 10,000 within discount period and t expect the customer will take them so:

10,000 x 2% = 200 expected discount

currenly the accouting balance for the expected discount is 10 so:

200 - 10 = 190 allowance for sales discounts adjustment.

Remember we do this adjustment to match the expenses or discount withthe period they are generated. Not doing so, will imput discount to the next period for transaction which occurs in the current one.

3 0

3 years ago

Dunay Corporation is considering investing $750,000 in a project. The life of the project would be 11 years. The project would r

photoshop1234 [79]

Answer:

The Net Present Value is - $20324

Explanation:

We can use our financial calculator to work out the NPV using the cashflows from the different periods and using the discount rate given. Which is 18%.

We have 11 periods. Starting off with CF 0. ( CF = cashflow ) We will work in Thousands to make it easier to read and compute. $ ' 000

CF 0 Machine Investment (750) Working Capital Investment (25) Total=(775)

CF 1 160 inflow

CF 2 160 inflow

CF 3 160 inflow

CF 4 160 inflow

CF 5 160 inflow

CF 6 160 inflow

CF 7 160 inflow

CF 8 160 inflow

CF 9 160 inflow

CF 10 160 inflow

CF 11 160 inflow. 35 salvage value from machine. Working capital 25. Total Cashlow = 220

We now use our financial calculator and input these amounts into the calculator.

We start of by entering the data and hitting ENT and do so for every Cash flow. At the end we press 2nd function CFI on our calculator. We then enter the discount rate of 18%. and press down button to get to NPV and then press COMP.

We get an answer of -20,32400407

We now need to put the amount into thousands. Thus = -20324,004

rounded to the nearest dollar we get - $ 20324

7 0

3 years ago

According to the article by Hutchinson, Farris and Anders (2007), cash-to-cash analysis is difficult because financial data and

Margarita [4]

Answer:

False

Explanation:

"Cash-to-cash Analysis and Management" by Hutchinson, Farris and Anders talks about the availability of the financial data and computer technology in assisting a business when it comes to determining its cash-to-cash position (C2C), as well as the benchmarks needed for comparison.

Cash-to-cash analysis was difficult in the past, however, it is easier nowadays. The supply chain is even examined at a broader view than before. C2C efficiency is possible by utilizing the readily available financial date and computer technology. So, this makes the statement above as "false."

So, this explains the answer.

6 0

3 years ago

Windspire is starting a firm in the small-scale wind-generated power industry. This industry is still so new that no standard op

liq [111]

Answer:

Emerging

Explanation:

An emerging industry is a group of companies that is created around a new product or idea that is still in the early stages of development. An emerging industry consists of just a small number companies and is often centered around new technology. A example is the small wind generated power industry because wind is not a common source that is used for the generation of power.

4 0

3 years ago

What would be the return on total assets of a firm if net income is $50,000, total sales are $100,000, and total assets are $175

lesantik [10]

Answer: 28.6%

Explanation:

The return on the total asset of a firm will be calculated as the net income divided by the total asset and this will be:

=Net income / Total assets

=50,000/175,000

=28.6%

Therefore, return on total asset is 28.6%

7 0

3 years ago