Answer:
5.34 months
Explanation:
Pay back period calculates how long it takes for the amount invested in a project to be recovered from the cumulative cash flows.
Payback period = amount invested / cash flows
$5000 / $ 935 = 5.34 months
I hope my answer helps you
Answer:
a. 710,000
Explanation:
Current assets are calculated as follows:
Cash: $185,000
Accounts receivable, net $725,000
Recall that a loyal customer is to make semi-annually payments of $100000 into to the tune of $400,000 accounts receivable. For the year five balance sheet, the reclassification of o/s receivable will therefore be $200000
Therefore Total current assets = $185,000+ $725,000 - $200000 = $710,000
In JB Company's December 31, year five Balance Sheet $710,000 should be reported as current assets.
Answer:
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Answer:
26762.74
Explanation:
Prior service cost amortization for 2020 can be calculated by first calculating the average time until the employee's retirement. After calculating the average time until retirement we will divide the service cost at that time
Workings
average time until retirment = 1880/330
average time until retirment = 5.69 years
prior service cost amortization for 2020 = $152,280/5.69
prior service cost amortization for 2020 = $26762.74
