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3 years ago

Crane Company had the following account balances:

Business

1 answer:

aivan3 [116]3 years ago

4 0

Answer:

The correct answer is $479,500.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the total revenue by using following formula:

Total revenue = Net sale + Dividend revenue + Rent revenue

Where, Net sales = Sales revenue - Sales return

= $445,000 - $34,000 = $411,000

By putting the value in the formula, we get

Total revenue = $411,000 + $10,500 + $58,000

= $479,500

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4 years ago

Lindsay Electronics, a small manufacturer of electronic research equipment, has approximately 6 comma 800 items in its invento

Nitella [24]

Answer:

99 items

Explanation:

Total number of items = 6,800

The number of items per type is:

$A= 6,800*0.08\\A=544\ items\\B= 6,800*0.34\\B=2,312\ items\\C= 6,800*0.58\\C=3,944\ items$

The number of items of each type counted per day is:

$n_A=\frac{544}{20}\\n_A=27.2\\n_B=\frac{2312}{59}\\n_B=39.2\\n_C=\frac{3944}{121} \\n_C= 32.6\\$

The total number of items counted per day is:

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6 0

3 years ago

Keller Construction is considering two new investments. Project E calls for the purchase of earthmoving equipment. Project H rep

anastassius [24]

Answer:

USING 0% DISCOUNT RATE

PROJECT E

Year Cashflow [email protected]% PV

$ $

0 (23,000) 1 (23,000)

1 5,000 1 5,000

2 6000 1 6,000

3 7000 1 7,000

4 10,000 1 10,000

NPV 5,000

PROJECT H

Year Cashflow [email protected]% PV

$ $

0 (25,000) 1 (23,000)

1 16,000 1 16,000

2 5,000 1 5,000

3 4,000 1 4,000

NPV 2,000

Project A should be accepted

USING 9% DISCOUNT RATE

Year Cashflow [email protected]% PV

$ $

0 (23,000) 1 (23,000)

1 5,000 0.9174 4,587

2 6000 0.8462 5,077

3 7000 0.7722 5,405

4 10,000 0.7084 7,084

NPV (847)

PROJECT H

Year Cashflow [email protected]% PV

$ $

0 (25,000) 1 (23,000)

1 16,000 0.9714 15,542

2 5,000 0.8462 4,231

3 4,000 0.7722 3,089

NPV (138)

None of the projects should be accepted because they have negative NPV

Explanation:

The question requires the computation of NPV using 0% and 9%.

The cashflows of the two projects will be discounted at 0% and 9%.

The discount factors for each project can be calculated using the formula (1+r)-n. The cashflows of the projects will be multiplied by the discount factors to obtain the present values. NPV is the difference between present values of cash inflows and initial outlay.

7 0

4 years ago

Cushing Manufacturing assigns overhead based on machine hours. The MillingDepartment logs 1,800 machine hours and Cutting Depart

morpeh [17]

Answer:

Explanation:

The journal entry is shown below:

Milling work in progress A/c Dr $9,000

Cutting work in progress A/c Dr $15,000

To Manufacturing overhead A/c $24,000

(Being overhead allocation is recorded)

The milling work in progress is computed by

= Milling department machine-hours × $ overhead rate

= 1,800 machine hours × $5

= $9,000

And, The cutting work in progress is computed by

= Cutting department machine-hours × $ overhead rate

= 3,000 machine hours × $5

= $15,000

5 0

3 years ago

A summary of cash flows for Adventure Travel Service for the year ended April 30, 2019, follows:

zalisa [80]

Answer:

Adventure Travel Service

Statement of cash flows for the year ended April 30, 2019

Cash flow from Operating Activities

Cash receipts from customers $2,080,000

Cash payments for operating expenses ($1,706,000)

Net Cash from Operating Activities $374,000

Cash flow from Investing Activities

Purchase of land ($400,000)

Net Cash from Investing Activities ($400,000)

Cash flow from Financing Activities

Cash receipt from owner as investment $60,000

Drawings ($40,000)

Net Cash from Financing Activities $20,000

Movement in Cash and Cash Equivalents ($6,000)

Beginning Cash and Cash Equivalents $203,000

Ending Cash and Cash Equivalents $197,000

Explanation:

The Statement of Cash flows shows the results of cash from the following sources : Cashflow from Operating Activities, Cashflow from Investing Activities and Cashflow from Financing Activities.

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3 years ago