Answer:
the project's MIRR is 13.50 %.
Explanation:
MODIFIED INTERNAL RATE OF RETURN (MIRR)
-It is the rate that causes the Present Value of the Terminal Value (Future Cash flows at the end of the Project) to equal Present Value of Cash outflows.
-MIRR assumes a reinvestment rate at the end of the project
The First Step is to Calculate the Terminal Value at end of year 3.
Terminal Value (FV) = Sum of (PV x (1 + r) ^ 3 - n)
= $350 x (1.11) ^ 2 + $350 x (1.11) ^ 1 + $350 x (1.11) ^ 0
= $431.24 + $388.50 + $350.00
= $1,169.74
The Next Step is to Calculate the MIRR using a Financial Calculator :
(-$800) CFj
0 CFj
0 CFj
$1,169.74 CFj
Shift IRR/Yr 113.50 %
Therefore, the MIRR is 13.50 %
Answer:
Revenue recognition
Explanation:
Correct word for the given statement is Revenue recognition
Revenue recognition is a proper accounting rule (GAAP) that distinguishes the particular conditions wherein income is perceived and decides how to represent it. Normally, income is perceived when a basic occasion has happened, and the dollar sum is effectively quantifiable to the organization.
Answer:
x= 4
y= 8
Explanation:
Elimination is a method to solve a system of equations by eliminate a variable. To eliminate a variable, you have to find the common multiple of the coefficient. Let's say we want to eliminate y and solve x first. The coefficient of y in the equations is 6 and 1, the least common multiple will be 6.
5х + y = 28 x6
30х + 6*y = 168
So we need to multiply the second equation by 6. The calculation will be:
8х - 6у = -16
30х + 6*y = 168
____________ +
38x = 152
x= 4
We can substitute x value to the equation to solve y.
5х + y = 28
5(4) + y = 28
y= 28-20
y= 8
Answer:
$32 per pound
Explanation:
<u>Given </u>:Standard input per unit of output = 3 pounds
Actual quantity used = 9000 units
Actual price per pound of input = $30
Direct material price variance = $18000
Direct Material price variance
= (standard price of input - actual price of input) × Actual Quantity used
= (y - $30) × 9000 units = 9000 y - 270,000
9000 y - 270,000 = 18000
9000y = 18000 + 270000
9000y = 288,000
y = $32 per pound
Hence standard price per unit of input is $32
Answer:
Diluted earnings per share is $1.38
Explanation:
The earnings per share =earnings for common stock/number of common stock
However,the diluted earnings considers a situation where the bonds as if the bonds have been converted to common stock,hence the after tax interest payment on the bonds would be saved by increasing net income attributable to common stock and the number of common stock also increase at the same time with the possible number of stocks issued in place of bonds.
diluted earnings per share=$3,000+($21,000*2%*(1-25%)/1200+1200
=$3315/2400=$ 1.38