According to the "Discounted Payback Period Rule," a business will approve a project if the calculated payback is shorter than a predetermined period of years.
Definition of Period of Repayment
The number of years required to recover the initial financial investment is referred to as "payback time." In other words, it measures how long a machine, facility, or other investment has produced enough net income to cover its costs.
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What are NPV and payback period?</h3>
While NPV (Net Present Value) is calculated in terms of money, payback technique refers to the length of time required for a return on investment to equal the initial investment. Payback, NPV, and countless more metrics are examples of approaches to measure the worth of a project.
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Firm uses different ways to carryout advertising campaign. When a firm is trying to change attitudes, advertising campaign objectives are stated in persuasive terms.
- Advertising a product or services often has three primary objectives. They are to inform, to persuade, and to remind. Informative Advertising helps consumers to known about a brands, products, services, and ideas.
It is known to broadcast a new products and programs and can educate people about the characteristics and advantages of new or established products.
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Answer:
b. debit to Work in Process of $660.
Explanation:
Particulars Work in Finished Cost of Goods Sold Total
Process Goods
Manufacturing
overhead
applied during
the month 9680 9680 68640 88000
Percentage of total 11.0% 11.0% 78.0% 100.0%
Allocation of under-applied
manufacturing overhead 660 660 4680 6000
Answer:
a. Computation of net income
Particulars Amount
Service revenue $52,500
Less: Expenses
Salaries and wages expenses ($23,520)
Utilities expense ($2,600)
Rent expense ($8,740)
Advertising expense <u> ($1,510)</u>
Net Income <u>$16,130</u>
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b. Computation of comprehensive income statement
Particulars Amount
Net Income $16,130
Add: Other Comprehensive Income <u> $380 </u>
Comprehensive Income <u>$16,470</u>
Note: Dividend will not be included as it forms part of Income statement