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kirill [66]
3 years ago
5

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:
Georgia [21]3 years ago
8 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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The following account appears in the ledger prior to recognizing the jobs completed in January:
Pie

Answer:

A. Dr Finished Goods $560,240.00

Cr Work In Process $560,240.00

B. $76,760.00

Explanation:

A. Preparation of the journal entry to record the jobs complete

First step is to Calculate the amount of total jobs completed

Job 210 182,500.00

Job 224 232,190.00

Job 216 78,300.00

Job 230 67,250.00

Cost of completed jobs 560,240.00

(182,500.00+232,190.00+78,300.00+67,250.00)

Now let prepare the Journal Entry

Dr Finished Goods $560,240.00

Cr Work In Process $560,240.00

B. Calculation to Determine the cost of the unfinished jobs at January 31.

First step is to calculate the work in process Amount

Balance at January 1 85,800.00

Add Direct Materials 115,000.00

Add Direct Labor 140,000.00

Add Factory Overhead 296,200.00

Balance in work in process 637,000.00

Now let determine the cost of the unfinished jobs at January 31

Balance in work in process 637,000.00

Less: Cost of completed jobs 560,240.00

Cost of unfinished jobs on January 31 76,760.00

Therefore the cost of the unfinished jobs at January 31 will be $76,760.00

3 0
3 years ago
You have an outstanding balance on your credit card of $10,000. You can pay off the balance if you make 36 monthly payments of $
iVinArrow [24]

Answer:

Our answer is attached below

Explanation:

7 0
3 years ago
Worldwide annual sales of a product in 2013–2017 were projected to be approximately q = −10p + 4,700 million units at a selling
OlgaM077 [116]

The revenue function is given by R = -10p² + 4700p

Revenue is the total amount of money made from selling a particular unit of products while cost is the amount of money spent in production.

Given an annual sales (q) as:

q = (−10p + 4,700) million units.

The selling price is $p per unit. Hence:

Revenue = per unit price * annual sales

Revenue = p * (−10p + 4,700)

Revenue (R) = -10p² + 4700p

The revenue function is given by R = -10p² + 4700p

Find out more on Revenue at: brainly.com/question/16232387

8 0
2 years ago
In a spreadsheet, what is the rectangular space where a row meets a column? A. A formula B. A function C. A calculation D. A cel
Flauer [41]
A function which is be
8 0
3 years ago
Read 2 more answers
A company had total sales of $980,000, net sales of $955,800 and an average accounts receivable of $82,500. Its accounts receiva
Alenkinab [10]

Answer:

Accounts receivable turnover = 11.58

Explanation:

The total sales of the company = $980000

Net sales of the company = $955800

Average account receivable =  $82500

We have total sales, net sales, and average accounts receivable. Here, we are required to find the account turnover.

Use the below formula to find the account turnover:

Accounts receivable turnover = Net sales  / average accounts receivable

Now insert the values:

Accounts receivable turnover = 955800 / 82500 = 11.58

5 0
3 years ago
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