CORRECT PENN FOSTER ANSWER ONLY PLEASE

At year-end, companies that utilize accrual-based accounting systems complete the measurement process through.

marshall27 [118]

Answer:

At year-end, companies that utilize accrual-based accounting systems complete the measurement process through posting of adjusting entries

8 0

2 years ago

Maxwell Feed & Seed is considering a project that has the following cash flow data. What is the project's IRR? Note that a p

Kay [80]

Answer:

13.31%

Explanation:

some information is missing:

Year Cash flows

0 −$1,100

1 $450

2 $470

3 $490

the easiest way to calculate the IRR is by using a financial calculator, IRR = 13.31%

but if we don't have one at hand, the IRR is the discount rate at which a project's NPV = 0

1,100 = 450/(1 + r) + 470/(1 + r)² + 490/(1 + r)³

to simplify the formula we must use trial and error:

since we already know the real IRR, I will start with a close number like 10%

1,100 = 450/(1 + 0.1) + 470/(1 + 0.1)² + 490/(1 + 0.1)³

1,100 = 409.09 + 388.43 + 368.14

1,100 ≠ 1,165.66

since the NPV is still positive, we must increase the discount rate. following the example we can use 12%

1,100 = 450/(1 + 0.12) + 470/(1 + 0.12)² + 490/(1 + 0.12)³

1,100 = 401.79 + 374.68 + 348.77

1,100 ≠ 1,125.24

we must increase the discount rate even more to 13%

1,100 = 450/(1 + 0.13) + 470/(1 + 0.13)² + 490/(1 + 0.13)³

1,100 = 398.23 + 368.08 + 339.59

1,100 ≠ 1,105.90

we keep increasing the discount rate to 14%

1,100 = 450/(1 + 0.14) + 470/(1 + 0.14)² + 490/(1 + 0.14)³

1,100 = 394.74 + 361.65 + 330.74

1,100 ≠ 1,087.13

since now the NPV is negative, the discount rate must be between 13-14%

we continue this way until we finally reach 13.31%

4 0

3 years ago

If the interest rate on a savings account is 0.02%, approximately how much money do you need to keep in this account for 1 year

galina1969 [7]

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4 0

2 years ago

Read 2 more answers

Which of the following statements about steering needed resources to execution-critical value chain activities is false? a. Good

makkiz [27]

Answer: a. a. Good execution of a new or revised strategy often requires devoting more resources to some value chain activities and perhaps downsizing the operating budgets and resources devoted to activities/organizational units with a lesser role in the new strategy

Explanation:

Executing strategy is an action-oriented task which tests the ability of a manager to direct changes in an organization and also achieve certain improvements regarding operations.

The statement about steering needed resources to execution-critical value chain activities which is false is that good execution of a new or revised strategy often requires devoting more resources to some value chain activities and perhaps downsizing the operating budgets and resources devoted to activities/organizational units with a lesser role in the new strategy.

6 0

3 years ago

On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following i

lukranit [14]

Answer:

Using the gross profit method, the cost of goods sold would be:

$42,500

Explanation:

Gross margin ratio of the company is 15%. Refer the formula:

Gross margin = Gross profit/Revenue (or net sales)

= (Net sales- Cost of good sold)/Net sales

Using the gross profit method and from the formula,

Cost of good sold = Net sales - Net sales x Gross margin

= Net sales x (1 - Gross margin)

= $50,000 x (1-0.15) = $50,000 x 0.85 = $42,500

6 0

3 years ago