Answer: -$273,747.85
Explanation:
EAC of machine = Net Present Value / Present value interest factor of Annuity(PVIFA)
Net Present value = Present value of cashflow - Initial investment
= -26,300 * PVIFA, 12%, 5 years - 892,000
= -26,300 * 3.6048 - 892,000
= -$986,806.24
EAC of machine = -986,806.24/ 3.6048
= -$273,747.85
Answer:
Th etotal accounts written off during 11 months is $ 24,677
Explanation:
Computation of amounts written off
The movement in the allowance account is as per the following formula
Opening balance + Bad Debts Expense - Amounts written off = Ending balance
$ 13,177 + $ 21,273 - Amounts written off = $ 9,773
By solving the equation
Amounts written off = $ 13,177 + $ 21,273 - $ 9.773 = $ 24,677
In other words, the bad debts expense for the year plus the movement in the allowance balance represents the amounts written off
Answer:
true
Explanation:
What are the ancient Hebrews laws of God called?
The Law of Moses (Hebrew: תֹּורַת מֹשֶׁה Torat Moshe), also called the Mosaic Law, primarily refers to the Torah or the first five books of the Hebrew Bible. Traditionally believed to have been written by Moses
<u>Calculation of Breakeven Point:</u>
The breakeven point (units) can be calculated using the following formula:
Breakeven Point (Units) = Total Fixed cost/ (Selling Price- Variable Cost)
It is given that the company produces custom bike license plates and spends $5525 per month in building overhead plus $2.50 per license plate. The plates sell for $5.99 each.
Hence,
Breakeven Point (Units) = 5525 / (5.99-2.50) = 1583.09
Hence we can say that the company must sell <u>1583 plates</u> each month before making the profit.