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Dimas [21]
2 years ago
13

Closing entries are required: Multiple Choice If management has decided to cease operating the business. Only if the company adh

eres to the accrual method of accounting. If a company's bookkeeper does not choose to prepare reversing entries. So that Revenue, expense, and dividends accounts must begin each period with zero balances. In order to satisfy the Internal Revenue Service guidelines.
Business
1 answer:
vodomira [7]2 years ago
8 0

Answer: So that Revenue, expense, and dividends accounts must begin each period with zero balances

Explanation:

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Which answer best describes an unsubsidized federal loan?
DENIUS [597]
<span>Unsubsidized federal loan is a federal student loans that offer undergraduate and graduate students a low, fixed interest rate and flexible repayment terms that is borrowed through the Direct Loans program but you are responsible for paying all the interest that accumulates on your loan. (A)</span>
3 0
3 years ago
Which of the following is a downside of a newspaper ad?
AURORKA [14]

Answer:

The ads have a short shelf life.

Explanation:

This is is a disadvantage of newspaper ads and the best option among these.

4 0
3 years ago
Read 2 more answers
The Tool Box needs to purchase a new machine costing $1.46 million. Management is estimating the machine will generate cash infl
dimulka [17.4K]

Answer:

yes, because the IRR is 12.74 percent

Explanation:

given data

present value =  $1.46 million

first year cash inflows c1 =  $223,000

next three years cash inflows c2,c3,c4 = $600,000

rate of return minimum = 12 %

to find out

firm purchase this particular machine based on its IRR

solution

we consider here IRR is = r

we apply here present value formula that is express as

present value = \frac{c1}{(1+r)} +\frac{c2}{(1+r)^2} +\frac{c3}{(1+r)^3} +\frac{c4}{(1+r)^4}  .......1

put here value  

$1.46 million = \frac{223000}{(1+r)} +\frac{600000}{(1+r)^2} +\frac{600000}{(1+r)^3} +\frac{600000}{(1+r)^4}    

solve it we get

r = 12.74%

so here IRR = 12.74% is higher than the rate of return minimum = 12%

so it will create a positive net present value of cash inflows

and project will accepted and firm purchase the machine

so we can say yes, because the IRR is 12.74 percent  

7 0
3 years ago
Question 7
KengaRu [80]

Answer:

D product

Explanation:

bdhchdhducucuwiwigidjddhhchcdjduusdjjsjksjudjjfjthrjdhfjffjfyfy

6 0
3 years ago
You are purchasing an equipment for $ 200,000 for your new store. Assume the store has no other expenses or revenues other than
djverab [1.8K]

Answer:

Negative cash balance of $210,000.

Explanation:

Given that,

cost of equipment = $200,000

Inventory purchased = $12,500

Cash balance = $2,000

Accounts payable = $4,500

Net cash flow at time zero:

= (cost of equipment) + (Increase in working capital)

= ($200,000) + (Inventory purchased + cash balance - Accounts payable)

= ($200,000) + ($12,500 + $2,000 - $4,500)

= ($200,000) + ($10,000)

= ($210,000)

Note: Negative values are in the parenthesis.  

4 0
3 years ago
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