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Svetach [21]
3 years ago
9

Lennon, Inc. is considering a five-year project that has an initial outlay or cost of $80,000. The respective future cash inflow

s from its project for years 1, 2, 3, 4 and 5 are: $15,000, $25,000, $35,000, $45,000, and $55,000. Lennon uses the internal rate of return method to evaluate projects. What is Lennon's IRR
Business
1 answer:
SIZIF [17.4K]3 years ago
4 0

Answer:

26.16%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be determined using a financial calculator

CO = -80,000

C1 = $15,000

C2 = $25,000

C3 = $35,000,

C4 = $45,000

C 5 = 55,000

IRR = 26.16

To determine IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

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Which of the following is an example of an unsought good? A. Cameron purchases a new bike. B. Jordan buys paper towels. C. Taylo
NikAS [45]

Answer:

D. Riley buys new windshield wipers for her car.

Explanation:

By definition unsought goods are those which are not purchased out of want or desire, but the purchases of which arise due to any of the following circumstances:

  • danger - for example a fire extinguishers sought in the incident of a fire
  • fear - for example the fear of crashing into another car (in this case)
  • unexpected events - for example funeral services sought at the time of death

4 0
3 years ago
Being resourceful and creative are two highly desirable skills at a workplace. Discuss an idea of yours or an innovation that yo
liq [111]

Answer (1)

In today's world, if any organisation want to remain on the top and competitive, it has to be creative and innovative as well. Creativity is the thinking of an novel idea whereas its implication in the form of actual product or service is known as innovation.

I have an creative idea. In marketing, customer needs to served profitably with meeting their needs. For this purpose they need to be managed effectively. Customer relationship Management is the domain in which each and every single customer's data is saved. Customers are asked for the membership to save their data. Then next time with the help of their name, entire record of theirs can be retrieved. My idea is, instead of asking their name each and every single time, their voice frequency should be saved in the mobile device, which next time when they say "HELLO" can recognize them and present their all data to the concerned salesperson.

Answer (2)

* I have many novel ideas related to hotel industry. As far my interests are concerned, Hotels can have a library in it, which can send customers the books of their interests in their rooms.

* Hotels can start cooking the food inside the customers room in front of them so they can see the live cooking, enjoying the whole process, checking the quality of ingredients.

* Hotels should have that kind of cinema where you can select the movie by yourself.

* Hotel's Kitchen should have open excess to everyone staying in that hotel so they can have interaction with the chefs to check the cooking processes of that hotel.

7 0
4 years ago
Learner ID: 6. Explain the reason behind adding borders to cells in a spreadsheet.
Alina [70]

Explanation:

Adding cell borders and filling cells with colors and patterns is an easy way to make your data stand out, appear more organized, and make the spreadsheet easier to read.

7 0
2 years ago
On January 1 of the current year, the Queen Corporation issued 7% bonds with a face value of $70,000. The bonds are sold for $67
Salsk061 [2.6K]

Answer:

$5,320

Explanation:

the journal entry to record the issuance of the bonds

January 1

Dr Cash 67,900

Dr Discount on bonds payable 2,100

    Cr Bonds payable 70,000

the journal entry to record the first and second coupon payments

June 30 and December 31, first and second coupon payment

Dr Interest expense 2,660

    Cr Cash 2,450

    Cr Discount on bonds payable 210

Amortization of bonds payable = $2,100 / 10 coupons = $210 per coupon

total interest expense for the year = $2,660 x 2 = $5,320

7 0
3 years ago
Which of the following ratios are measures of a firm's liquidity? I. cash coverage ratio II. current ratio III. debt-equity rati
Gwar [14]

Answer: Quick ratio.

Explanation:

The quick ratio(QR) also known as the acid test ratio, is a measure of the assets a business posseses that can quickly be converted to cash to settle current liabilities/costs.

The formula for QR is:

QR = (cash/equivalent+marketable securities+accounts receivable) ÷ current liabilities

3 0
3 years ago
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