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3 years ago

No journal entries are required for the reconciling items on the bank side because

1 answer:

5 0

<span>No journal entries are required for the reconciling items on the bank side because companies are required to record those transactions on the company ledger. The company keeps their ledger and records are transactions over the life of the company. The ledger is an extremely important asset because it holds all of the information to do with the finance and monetary value the company has and holds.</span>

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Blinding Light Co. has a project available with the following cash flows: Year Cash Flow 0 −$33,790 1 8,210 2 9,890 3 14,120 4 1

oksano4ka [1.4K]

Answer: 20.15%

Explanation:

The IRR is the discount rate that makes brings the Net Present Value to zero.

It can be solved for by various means including using Excel as shown in the attached file.

Year 0 -33790

Year 1 8,210

Year 2 9,890

Year 3 14,120

Year 4 15,930

Year 5 10,820

= IRR (-33,790 , 8,210 , 9,890 , 14,120 , 15,930 , 10,820 )

= 20.15%

4 0

2 years ago

whats good ways to get all of your homework done at a recent time instead of staying up doing not to your full capability and st

gayaneshka [121]

Plain out your day making time to do your work. Do some of your work then set aside 10-15 mins to relax then work until you feel you need another 10-15 just limit it to two 15 min breaks for 4 hrs of work.

Hope this help and have fun. :)

8 0

3 years ago

What is the difference between product advertising and institutional advertising?

Likurg_2 [28]

Answer: Product advertising focuses on promoting specific individual products, while institutional advertising focuses on promoting your overall brand.

Explanation:

5 0

3 years ago

Cost of Direct Materials Used in Production for a Manufacturing Company

strojnjashka [21]

Answer:

$855,000

Explanation:

The Raw Materials T - Account can be used to determine the cost of direct materials used in production using the missing balance technique as follows :

Raw Materials T - Account

Debit :

Beginning Balance $279,000

Purchases $828,000

Total $1,107,000

Credit :

Ending Balance $252,000

Transferred to Production (<em>Balancing figure</em>) $855,000

Total $1,107,000

3 0

3 years ago

Antivirus Inc. expects its sales next year to be $2,500,000. Inventory and accounts receivable will increase $480,000 to accommo

grin007 [14]

Answer:

$236,250

Explanation:

Next year sales = $2,500,000

Profit margin = 15% = Net profit/$2,500,000

Net profit = 15% × $2,500,000 = $375,000

Dividend = $375,000 × 35% = $131,250

Retained earning = $375,000 - $131,250 = $243,750

Asset increase = $480,000

External finance needed = Asset increase - Retained earning = $480,000 - $243,750 = $236,250

Therefore, the firm will have to seek $236,250 external financing.

6 0

3 years ago