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Bezzdna [24]
3 years ago
13

Mendez Company is considering a capital project that costs $16,000. The project will deliver the following cash flows: Year 1 Ye

ar 2 Year 3 Year 4 Year 5 $8,000 $6,000 $5,000 $6,000 $5,000 Using the incremental approach, the payback period for the investment is:
Business
1 answer:
kkurt [141]3 years ago
5 0

Answer:

2.4 years

Explanation:

Years  Cash   Cumulative Cashflow

1          8000         8000

<u>2         6000         14000</u>

3          5000        19000

4          4000        25000

5          <u>5000</u>        30000

           <u>30000</u>

Payback period = 2 years + (16,000 - 14,000) / 5,000

Payback period = 2 years + 0.4 years

Payback period = 2.4 years

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lesya692 [45]

Answer:

Factoring fee = 2% * Account Receivable

= 2% * $3,400

= $68

​

Date  Account Titles and Explanation     Debit    Credit

          Cash                                                   $3,332

          Factoring expenses                           $68

                    Account receivables                             $3,400

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Explanation:

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Generally, a broker acts as an intermediary between a buyer (investor) and a seller (securities exchange) for a commission or an agreed upon fee after executing the deal. Thus, a broker also referred to as a stockbroker acts as a principal party in the buying or selling of stocks or securities in the financial markets.

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That would be confirmation bias :)
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