Answer:
12%
Explanation:
initial investment $367,402
net cash flows 1 - 7 = $80,500
the IRR is the interest rate at which NPV = 0
we can calculate it by using Exhibit 13B-2 (present value of annuity in arrears)
$367,402 = $80,500 x present value of 7 year annuity in arrears
- present value of 7 year annuity in arrears at 14% = 4.288
- present value of 7 year annuity in arrears at 12% = 4.564
- present value of 7 year annuity in arrears at 8% = 5.206
with 14% ⇒ $80,500 x 4.288 = $345,184
with 12% ⇒ $80,500 x 4.564 = $367,402 CORRECT ANSWER
with 8% ⇒ $80,500 x 5.206 = $419,083
Answer:
Three ways employers use to pay employees include salary, hourly wage and commission.
Explanation:
hope it helps you!
<h2>Leadership quality is required for the CEO</h2>
Explanation:
Upon all other quality, leadership quality always stands top and allow him / her to be in top position.
When the company is hiring new CEO, he must look out for the following qualities:
- Proven leadership qualities
- Dedication towards the work and mainly organization
- Crisis management to resolve issues
- The proven responsibility
- The achievement made in the previous workplace
- Ability to maintain confidentiality
- Has good convincing skill
- Ability to bring collaboration, cooperation among the team
- Has control over the team
Answer:
Dallas Boot Corporation
Assuming that there would be no commission on this potential sale, the lowest price the firm can bid is some price greater than:_________
= $20.
Explanation:
a) Data and Calculations:
Pairs of military combat boots on the bid = 1,000
Direct material $8
Direct labor 6
Variable overhead 3
Variable selling cost (commission) 3
Fixed overhead (allocated) 2
Fixed selling and administrative cost 1
Total cost of production and sales $23
Less commission 3
Total cost per boot $20
b) The bidding price less sales commission will be a price that is greater than $20 per boot. The extra amount per boot will cover the profit expected from the transaction.
Answer:
Total cash collection June= $98,500
Explanation:
Giving the following information:
25% in month of sale
65% in month following sale
5% in second month following sale
5% uncollectible
The following sales have been budgeted:
Sales
April $120,000
May $100,000
June $110,000
<u>Cash collection June:</u>
Cash collection from June= 110,000*0.25= 27,500
Cash collection from May= 100,000*0.65= 65,000
Cash collection from April= 120,000*0.05= 6,000
Total cash collection June= $98,500
