Answer:
a. payday lender. a company that lends customers small amounts of money at high interest rates, on the agreement that the loan will be repaid when the borrower receives their next paycheck.
Explanation:bc none of the other answers make sense, like a mortgage lender? thats for owning a house. a title lender is A loan that requires an asset as collateral is known as a title loan. ... Title loans are usually taken on by individuals needing cash fast or those in financial difficulties. The costs of title loans are exorbitant and they are considered a bad financing option. and a bank or credit union is used to take money or put money into a bank. so if it isnt a its d. but im 99% sure. yw :))
Answer:
Chen should buy the new machine since it produces a positive NPV of $1,294
Explanation:
Summary of the Project Cash Flows is as follows :
Year 0 = ($120,000)
Year 1 to Year 10 = $18,900
The Project cost of capital = 9%
Calculation of the Project`s NPV :
<em>NPV can be calculated from this summary using a financial calculator as :</em>
<em>CF0 = ($120,000)</em>
<em>CF1 = $18,900</em>
<em>Nj = 10</em>
<em>i = 9 %</em>
<em>NPV = ? </em>
<em>NPV = $1,293.73 or $1,294</em>
The Project is accepted only if it has a Positive NPV
Conclusion,
Chen should buy the new machine since it produces a positive NPV of $1,294.
The answer choice that is NOT a method of evaluating the risk of a project is its B. Profile
<h3>What is Risk Management?</h3>
This refers to the identification of risk in any venture and the evaluation of the response to risk factors.
Hence, we can see that when a person is evaluating the risk of a project, he would have to check the net present value, the coefficient of variation, etc, but the evaluation of the profile is not a method of risk evaluation of the project.
Read more about risk management here:
brainly.com/question/13760012
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Answer:
$5,500
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Adjustments to allowance required
= $15,000 - $9,500
= $5,500
The entries to be posted are
Debit Bad debt $5,500
Credit Allowance for Doubtful debt $5,500
Answer: $3,150,000
Explanation:
Total cost of production will be the total sum of the material costs, labor costs and indirect costs.
Indirect Costs
It was estimated that 12,000 machine hours would be used at a cost of $60 million.
Indirect cost per machine hour is;
= 60,000,000/12,000
= $5,000 per hour
With 200 machine hours, indirect cost is;
= 200 * 5,000
= $1,000,000
Total cost of production = 1,250,000 + 900,000 + 1,000,000
= $3,150,000