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3 years ago

Brodigan Corporation has provided the following information concerning a capital budgeting project:

Business

1 answer:

Alecsey [184]3 years ago

7 0

Answer: $36604.7

Explanation:

The net present value sometimes called the net present worth is applied to a series of cash flows that occurs at different times. Present value of a cash flow depends on time interval between now, the cash flow and on the discount rate. The net present value accounts for the time value of money.

The answer is $36604.7. The solution is attached.

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What is the difference between a national bank and a state bank?

Daniel [21]

All national banks must be members of the Federal Reserve System, while state banks can join if they wish

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3 years ago

A company reported the following financial information: Taxable income for current year $120,000 Deferred income tax liability,

Inessa05 [86]

Answer:

$41,000

Explanation:

Calculation to determine The current-year's income tax expense amount

First step is to calculate the current tax expense

Current tax expense=$120,000 taxable income × 35% tax rate

Current tax expense=$42,000

Second step is to calculate the deferred income tax liability increased

Deferred income tax liability=$55,000-$50,000

Deferred income tax liability=$5,000

Third step is to calculate the deferred income tax asset increased

Deferred income tax asset=$16,000-$10,000

Deferred income tax asset=$6,000

Now let calculate the current year's income tax expense

Current year's income tax expense = $42,000 + $5,000 - $6,000

Current year's income tax expense=$41,000

Therefore Current year's income tax expense is $41,000

3 0

3 years ago

Select the qualitative characteristics for the following statements.

bija089 [108]

Answer:

Options includes the followings: Relevance, Faithful representation, Predictive value, Confirmatory value, Comparability, Completeness, Neutrality, Timeliness.

a. Quality of information that permits users to identify similarities in and differences between two sets of economic phenomena. select a qualitative characteristic.

Qualitative characteristics: Comparability

b. Having information available to users before it loses its capacity to influence decisions.

Qualitative characteristics: Timeliness

c. Information about an economic phenomenon that has value as an input to the processes used by capital providers to form their own expectations about the future.

Qualitative characteristics: Predictive Value

d. Information that is capable of making a difference in the decisions of users in their capacity as capital providers.

Qualitative characteristics: Relevance

e. Absence of bias intended to attain a predetermined result or to induce a particular behavior.

Qualitative characteristics: Neutrality

5 0

3 years ago

Gordon Chemicals Company acquires a delivery truck at a cost of $31,000 on January 1, 2017. The truck is expected to have a salv

finlep [7]

Answer:

First Year Depreciation: 12,400

Second Year Depreciation: 7,440

Explanation:

$straight-line depreciation \times 2 = \frac{1}{5} \times 2 = \frac{2}{5}$

$\left[\begin{array}{ccccc}Year&Beginning\:Book&Dep \:Expense&Acc\:Dep&Ending\:Book\\0&-&-&-&31000\\1&31000&12400&12400&18600\\2&18600&7440&19840&11160\\3&11160&4464&24304&6696\\4&6696&2678.4&26982.4&4017.6\\5&4017.6&2017.6&29000&2000\end{array}\right]$

To calculate each period depreciation we multiply the book value by the double-declining rate of 2/5

At the last year, you will depreciate until salvage value is reached.

5 0

3 years ago

Which method describes the inventory process in which the first items to be

spin [16.1K]

Answer:

Last in, Fast out (LIFO)

Explanation:

The Last in, Fast out (LIFO) method is an accounting method used to attach value to inventory. Under the LIFO formula, the assumption is that the last item to be purchased will be sold first. The costs of the final goods to be produced or purchased will be used to expense the first batch of products to be sold.

LIFO is the contrast of FIFO, which stands for first in first out. LIFO, as an inventory accounting technique, is rarely used outside the US. The approach is suitable for large businesses with huge inventories such as car dealers and retailers.

7 0

3 years ago

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