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vodka [1.7K]
3 years ago
14

The Unique Bookshelf Company is considering the purchase of a custom delivery van costing approximately $50,000. Using a discoun

t rate of 20%, the present value of future cost savings is estimated at $51,200. To yield the 20% return, the actual cost of the van should not exceed the $50,000 estimate by more than:
Business
1 answer:
masha68 [24]3 years ago
3 0

Answer:

$1,200

Explanation:

Given that

Purchase of a customer delivery van = $50,000

discount rate = 20%

Present value of future cost savings = $51,200

Yield = 20%

Based on the above information, as per the net present value the initial cost of the equipment should not be more than the present value of cash inflows  i.e. $51,200

So the more than amount is

= $51,200 - $50,000

= $1,200

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on January 1, 2017, anodel, Inc. acquired a machine for 1,010,000. the estimated useful life of the asset is five years. residua
Licemer1 [7]

Answer:

Annual depreciation= $189,600

Explanation:

Giving the following information:

On January 1, 2017, anodel, Inc. acquired a machine for 1,010,000. the estimated useful life of the asset is five years. residual value at the end of five years is estimated to be 62000.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (1,010,000 - 62,000)/5= $189,600

6 0
3 years ago
Schedule of Cash Payments for a Service Company Horizon Financial Inc. was organized on February 28. Projected selling and admin
podryga [215]

Answer:

Cash payments:

March $30,300

April $51,660

May $58,490

Explanation:

The following costs amounting to $9,000 should be deducted from the projected expenses per month

A. Insurance costs (it had been prepaid in February)

B. Depreciation (it doesn't involve any cash movement)

C. Property tax (it won't be due for payment until June)

This leaves each month expense as shown in the attached schedule. And based on the 70 : 30 rule, the table reflects the full payment structure.

4 0
3 years ago
Which country consumes the most chocolate per person?
vagabundo [1.1K]

Answer:

switzerland

Explanation:

4 0
3 years ago
5. In a command economy, poor planning is likely to lead to (1 point)
aleksandr82 [10.1K]

5.)d.products shortages and waste

6.)b.other countries quickly bought the low-priced products

6 0
3 years ago
Zen Arcade paid the weekly payroll on January 2 by debiting Salaries and Wages Expense for $47,000. The accountant preparing the
Travka [436]

Answer:

The correct entry is to reverse the entry on December 3rd

Dr Salaries and Wages expenses of $27,000

Cr Salaries and Wages payable of $27,000

Explanation:

During the time of the accrued entry, which is on December 31st

the company registered

Dr Salaries and Wages PAYABLE of $27,000

Cr Salaries and Wages EXPENSES of $27,000

It was just an accrued entry to be able to identify the expenses to the balance sheet, but currently on the original expenses on January 3rd, the entry is reverse, then the real or main expenses is recorded in the balance sheet.

Dr Cash of $47,000

Cr Salaries and Wages EXPENSES of $47,000

7 0
3 years ago
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