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Radda [10]
3 years ago
10

A project has an initial cost of $80,000 and a 3-year life. The company uses straight-line depreciation to a book value of zero

over the life of the project. The projected net income from the project is $1,200, $2,300, and $2,800 a year for the next 3 years, respectively. What is the average accounting return? 5.25 percent 5.35 percent 5.45 percent 5.56 percent
Business
1 answer:
joja [24]3 years ago
4 0

Answer:

5.25%

Explanation:

The computation of the average accounting return is shown below:

Average accounting return is

= Average net income ÷ average initial cost

where,

Average net income is

= ($1,200 + $2,300 + $2,800) ÷ 3 years

= $2,100

And, the average initial cost is

= $80,000 ÷ 2

= $40,000

So , the average accounting return is

= $2,100 ÷ $40,000

= 5.25%

Hence, the average accounting return is 5.25%

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If the fed expands the money supply by $1 trillion, what will happen in the money market?
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Zino Company determines that a customer balance of $200,from Hollis Co. is uncollectible. Zino uses the allowance method to acco
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Answer:

The correct answer is A

Explanation:

The journal entry to be posted to write off the balance of uncollectible is as:

Allowance for Doubtful Accounts A/c..........................Dr   $200

              Accounts Receivable A/c.......................................Cr  $200

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3 0
3 years ago
Suppose that a stock gave a realized return of 20% over a two-year time period and a 10%
KengaRu [80]

Answer:

Option (D) 16.57%

Explanation:

Data provided in the question:

Realized gain

r₁ = 20%

r₂ = 20%

r₃ = 10%

Now,

Geometric average = [(1+r_1)\times(1+r_2)\times...\times(1+r_n)]^{\frac{1}{n}} - 1

here,

n = 3

therefore,

Geometric average = [(1+0.20)\times(1+0.20)\times(1+0.10)]^{\frac{1}{3}} - 1

or

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or

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or

Geometric average = 0.1657

= 0.1657 × 100%

= 16.57%

7 0
3 years ago
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