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Aliun [14]
2 years ago
11

Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an ann

ual increase in net income after tax of $100,000. The equipment will have an initial cost of $400,000 and have a 7-year life. If the salvage value of the equipment is estimated to be $75,000, what is the accounting rate of return?
Business
1 answer:
Bas_tet [7]2 years ago
7 0

Answer:

25%

Explanation:

Accounting rate of return =( Net income from investment ÷ Cost of investment ) × 100

Net income from investment = $100,000

Cost of investment = $400,000

Required rate of return = ($100,000 / $400,000 ) × 100

= 0.25 × 100

= 25%

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Schultz Tax Services, a tax preparation business had the following transactions during the month of June:
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Answer:

$29,280

Explanation:

It is important to consider only cash transactions when preparing a Cash Reconciliation.

<u>Schultz Tax Services Cash Reconciliation</u>

Cash, June 1                                                                $25,000

<u>Plus: cash receipts for June</u>

Receipts for Accounting Services        $3,000

Receipts from Accounts Receivables  $3,800           $6,800

<u>Minus: cash payments for June</u>

Advertising expense paid                       $800

Dividends paid                                       $1,500

Telephone expense paid                        $220          ($2,520)

Cash, June 30                                                             $29,280

Conclusion :

The balance of Cash at June 30 is $29,280

8 0
3 years ago
g Marginal revenue product measures the rev: 06_21_2018 Multiple Choice amount by which the extra production of one more worker
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Answer: The correct answer is the first statement.

Explanation: Marginal revenue product measures the amount by wich the extra production of one more worker increases a firm's total revenue.

<u>It is an economic term used to describe the change in total income that results from a unit change of one type of input variable. There are many types of input variables that you can change, such as adding an employee or a new machine.</u>

5 0
3 years ago
Nelson’s motto is “Go big, or go home.” Which type of investment would Nelson prefer? A. savings account B. speculative investme
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Explanation:

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3 years ago
Businesses that apply the marketing concept will fail if each company involved in
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Answer:

Explanation:

Which of the following was a demand of the marchers

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second-class citizenshipWhich of the following was a demand of the marchers?

6 0
3 years ago
QS 7-10 (Algo) Aging of receivables method LO P3 Net Zero Products, a wholesaler of sustainable raw materials, prepares the foll
goldenfox [79]

Part-1  Computation of Estimated Uncollectible - Dhaliwal

Account Receivable  (a% of uncollectible (b)Uncollectible amount (a*b)

Not Due $1,00,000.00    1%                                   $1,000.00

1 to 30 $38,000.00           2%                                      $760.00

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over 90 $16,000.00          10%                               $1,600.00

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 Part 2: Journal Entry

Account Titles and Explanation Debit Credit

Bad Debt Expenses

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Allowance for doubtful accounts   $1,880.00

An account may be the document in a gadget of accounting wherein a business records debits and credits as proof of accounting transactions. as a consequence, the bills receivable account shops information approximately billings to customers, as well as reductions of those billings due to payments from clients.

3 specific types of debts in accounting are actual, private, and Nominal Accounts. the real account is then categorized into subcategories – Intangible real account, Tangible actual account. additionally, 3 distinct sub-forms of non-public accounts are natural, representative, and synthetic.

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1 year ago
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