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topjm [15]
2 years ago
12

Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing $1.85 million. The investment will result

in additional cash flows of $525,000, $812,500, and 1,200,000 over the next three years. What is the payback period for this project?
Business
1 answer:
Tems11 [23]2 years ago
6 0

Answer:

The payback period for this project is 2.43 years.

Explanation:

Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing $1.85 million.

The investment will result in additional cash flows of $525,000, $812,500, and 1,200,000 over the next three years.

The payback period is the time it takes to cover the investment to be covered by returns.

The investment cost remaining in the first year

= $1,850,000 - $525,000

= $1,325,000

The investment cost remaining in the second year

= $1,325,000 - $812,500

= $512,500

The third year payback

= \frac{\$ 512,500}{\$ 1,200,000}

= 0.427

The total payback period

= 2.43 years

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Lelu [443]

Answer:

Fee Receivable$7,200

             To Service Fees Earned $7,200

(Being the service fess earned is recorded)

Explanation:

Th adjusting entry is shown below:

Fee Receivable$7,200

             To Service Fees Earned $7,200

(Being the service fess earned is recorded)

For recording this we debited the fees receivable as it increased the assets and credited the services fees earned as it increase the revenues

Since the payment is made for 6 months but we have to recorded for 4 months i.e computed from September 1 to December 31

= $10,800 × 4 months ÷ 6 months

= $7,200

7 0
3 years ago
According to Walter Shewhart:_______
Novosadov [1.4K]

Answer:

c) the mean, upper control limit, lower control limit and warning lines that are two sigma from the mean are indicated by horizontal lines in the control chart.

Explanation:

Walter Shewhart is regarded as an important personality in the history of quality management. He asserted that the behavior of real processes had the tendency to change as time changed and it was not the behaviur of theoretical random distributions.

Walter Shewhart posited that causes of variation could be divided into two which are chance cause and assignable cause. He maintained that chance causes could be ignored if they did not cause too much variation, and any attempt to eliminate them usually made the problem worse. He however posited that it was possible to fix assignable causes.

Walter Shewhart invented control chart in order to differentiate between variations caused by random events and trends that indicated assignable causes. There is time and a plot of sample measurements on the bottom axis of a control chart. The mean, upper control limit, lower control limit, and warning lines that are two sigma from the mean are indicated by horizontal lines.

Based on the above explanatio, the correct option is c) the mean, upper control limit, lower control limit and warning lines that are two sigma from the mean are indicated by horizontal lines in the control chart.

8 0
3 years ago
On June 1, 20X1, Conner Company, a new firm, paid $4,300 rent in advance for a five-month period. The $4,300 was debited to the
Gekata [30.6K]

Answer:

No    Account and explanation              Debit      Credit

1.       Rent expense ($4,300/5)               $860

                Prepaid rent                                           $860

        (To record adjusted rent expense)

2.      Supplies expense (7,250-2,950)   $4,300

                Supplies                                                   $4,300

        (To record adjusted supplies)

3.       Depreciation expense                   $460

         [(44,160/8)/12]

                Accumulated depreciation                     $460

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6 0
2 years ago
The primary challenge of virtual team meetings, as reported by professionals in virtual teams, is?
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Professionals working in virtual teams claim that the main difficulty with virtual team meetings is the lack of time for relationship-building.

A virtual team, often referred to as a geographically dispersed team, distributed team, or remote team, is a group of people that work together remotely and rely on communication tools like email, instant messaging, and audio and video conferencing services to interact.

The phrase may also be used to describe teams or groups who collaborate asynchronously or across organizational levels. Virtual teams are described by Powell, Piccoli, and Ives (2004) as "groups of geographically, organizationally, or time dispersed workers brought together by information and telecommunication technology to complete one or more organizational tasks."

To know more about virtual team meetings

brainly.com/question/15293394

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6 0
2 years ago
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lakkis [162]

Answer:

Job A is the best option considering the financial benefits.

Explanation:

Job A will pay a net weekly salary of 290$, whereas job B will pay a weekly net salary of only 185$. Job B not only requires to take a bus, but the fare is significantly high, and after paying the bus fare an individual will be left with only 185$ which is 105$ less than job A. So seeing the weekly net salary of both the jobs, an individual must go for job A.

6 0
3 years ago
Read 2 more answers
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