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Evgen [1.6K]
3 years ago
7

The expected average rate of return for a proposed investment of $650,000 in a fixed asset, with a useful life of 4 years, strai

ght-line depreciation, no residual value, and an expected total net income of $240,000 for the 4 years, is
Business
1 answer:
nexus9112 [7]3 years ago
8 0
The expected average rate of return in the fixed asset above is 36.92%. The rate of return is the income or loss of a proposed investment in a specified amount of time. In this case, a company wants to buy a 4-year life fixed asset which can increase the company's income by $240,000. We can calculate the rate of return by dividing the net income from the investment with the proposed investment to obtain the portion of return received from the investment<span>. Formula: (Net Income From The Investment/Proposed Investment) x 100%.</span>
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3 years ago
During its first year of operations, Crane Company had credit sales of $3,531,400; $664,000 remained uncollected at year-end. Th
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Answer:

Bad debt expense...................Dr       $36,000

            Allowance for doubtful debts                $36,000

(To record uncollectibles)

Explanation:

Certain amount of credit sales that the manager estimates to be uncollectible is called bad debts. They are written off at the end of the year. As per allowance method, estimated uncollectibles or bad debts are charged to allowance for doubtful debts.

Here, $36,000 has been estimated by the manager as estimated uncollectible

Journal entry to record uncollectibles:

Particulars                              Debit                Credit

Bad debt expense                   $36,000

       Allowance for doubtful debts                    $36,000

(To record uncollectibles)

7 0
3 years ago
The first principle of economics discussed in Chapter 1 is that people face trade-offs. Use a production possibilities frontier
Romashka-Z-Leto [24]

Answer:

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Explanation:

The enviroment will decrease at more industrial output.

As we cannot live in an eviroment at zero habiltability we will never shift to complete industrial output.

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What part of speech is shown on the dictionary entry for this word? vestibule?
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6 0
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A partner (owner) who invests money in a business does not take an active role in managing the operation, and is only subject to
Flauer [41]

Answer: Limited partner.

Explanation:

The limited or silent partner is part of the ownership of a partnership business that only invests into a business but is not involved in the daily business runnings. The partnership owner in charge of the daily business runnings is the active partner.

6 0
3 years ago
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