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Answer:
3.37 years
Explanation:
Calculation to determine what The payback period of the project is closest to
First step is to calculate the Net Cash inflow for the year
Net Cash inflow for the year =$114,000-$31,000
Net Cash inflow for the year =83,000
Now let calculate the Payback period
Using this formula
Payback period=investment/Net Cash inflow for the year
Let plug in the formula
Payback period=$280,000/83,000
Payback period=3.37 years
Therefore The payback period of the project is closest to 3.37 years
Answer:
B. Cash 58,800 Accounts Receivable 58,800
Explanation:
Sale of 100 printers to Office Rental Company at $600 each and offered a 2% discount for payment within 10 days
Is Recorded as
Trade Receivable $ 58,000 (debit)
Revenue $58,000 (credit)
Being Recognition of an Asset - Trade Receivable and Recognition of Revenue less sales discount
On payment of full payment transaction is recorded as
Cash $ 58,000 (debit)
Trade Receivable $58,000 (credit)
Being De-recognition of Asset - Trade Receivable and Recognition of Revenue
<span>Because Reggie is now in his mid-50s, he can expect to experience some changes such as a gradual decrease in testosterone, water loss (and will need to drink more water), and a decline in muscle mass. Reggie can address these issues by drinking more water, lifting weights, and taking supplements.</span>
Answer:
c. either stocks or bonds
Explanation:
Based on the information provided within the question it can be said that they can either choose stocks or bonds to issue. This is because both are securities that can be issued in small denominations. Since the company can create a set amount for both of these securities before offering them to the public, therefore controlling the denominations.
