Answer:
$339,600
Explanation:
The internal rate of return is the relationship between the price of the equipment and their yearly cash flow. the IRR makes the net present value equal to zero thus, it makes the present value of the yearly cashflow equal to the cost:
C 60,000.00
time 12
rate 0.14
PV $339,617.5275
<em><u>From the given option:</u></em>
$ 339,600 is the closest option.
Answer:
Misstatement is referred to as errors in the presentation of financial information that could lead to wrong decision by the users
Explanation:
Occurrence : Issuing of dummy invoices for sales that did not occur
Completeness: Sales invoice were not fully recorded due to omission or misplacement
Authorization: Sales are not approved by the responsible manager. No authorized signature
Accuracy : Casting of sales figure on the register is not correct.
Cutoff : Sales are not recorded in the proper accounting period. January sales being recorded in the previous year account.
Classification : Grants being wrongly recorded as revenue
Presentation : Exaggerated revenue.
Answer:
b. Free gift with purchase
Explanation:
The promotion tactic that the provider is trying to use is a Free gift with purchase. This is because by making your first every purchase the company is basically gifting you a certain amount of money through a discount of your purchasing total. Companies tend to do this in order to attract customers through the enticement of free money or products/gifts. They are able to do this because a single purchase will make them more profit than they are wasting on the gift and can lead to recurring customers.
