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Dimas [21]
3 years ago
8

Susmel Inc. is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 Cash flo

ws -$475 $150 $200 $300 a. 2.88 years b. 2.85 years c. 2.42 years d. 1.96 years e. 2.47 years
Business
1 answer:
Rashid [163]3 years ago
8 0

Answer:

c. 2.42 years

Explanation:

The computation of the payback period is shown below:

<u>Year        Cash flow         Cumulative cash flow</u>

0               -$475                     -$475

1                  $150                     -$325

2                 $200                    -$125

3                  $300                    $175

Now the payback period is

= 2 years + $125 ÷ $300

= 2.42 years

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Pierre wants to use the loan manager to track the long-term liability for his new pickup truck. what accounts must he set up pri
dusya [7]

To track the long-term liability for his new pickup truck Pierre has to set up a long-term liability account register.  

A long-term liability account register lists transactions related to debts that are due in more than one year like a mortgage. . Long-term liabilities are also known as non-current liabilities You can use a long-term liability account register to track and manage transactions that affect your long-term liability account.

In a long-term liability account register Debt ratios (such as solvency ratios) compare liabilities to assets. The ratios may be modified to compare the total assets to long-term liabilities only.

This ratio is called long-term debt to assets. Long-term debt compared to total equity provides insight relating to a financing structure and financial leverage. Long-term debt compared to current liabilities also provides insight regarding the debt structure.

TO learn more about long-term liability account register here

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5 0
1 year ago
Selected transactions from the journal of Monty Corp., are presented below:
iogann1982 [59]

Answer:

Aug. 1 Cash 37,800

Common Stock 37,800 (Investment of cash for stock)

Dr.Cash                  37,800

Cr. Common stock 37,800

10 Cash 17,010

Service Revenue 17,010 (Received cash for services performed)

Dr. Cash                     17010

Cr. Service Revenue 17010

12 Equipment 31,500

Cash 5,040

Notes Payable 26,460 (Purchased office equipment for cash and notes payable)

Dr. Office Equipment  31500

Cr. Cash                       5040

Cr. Account Payable   26460

25 Account Receivable 10,080

Service Revenue 10,080 (Billed clients for services performed)

Dr. Account Receivable   10080

Cr. Sales                            10080

31 Cash 5,544

Accounts Receivable 5,544 (Receipt of cash on account)

Dr. Cash                          5544

Cr. Account Receivable 5544

T account are prepared in the attached MS Excel File, Please find that.

Download xlsx
7 0
3 years ago
Currently, there are 8 firms in the market. In the short run, in which the number of firms is fixed, the equilibrium price is $1
Katena32 [7]

Answer:

))0

Explanation:

7 0
3 years ago
A middleman refers to:
nordsb [41]

Answer:

the correct answer is c. any intermediary between a manufacturer and end-user markets

Explanation:

a middleman makes it easier for the manufacturers and producers to reach their target markets without many difficulties. however, they keep a profit for themselves too, for the service they provide. this could increase the prices of the products.

3 0
3 years ago
Read 2 more answers
Refer to the following lease amortization schedule. The five payments are made annually starting with the inception of the lease
Bogdan [553]

Answer:

B. 10%

Explanation:

The computation of the effective annual interest rate is shown below:-

Effective annual interest rate = Lease payment third effective interest ÷ Lease payment second balance × 100

= $2,126 ÷ $21,260 × 100

= 10%

Therefore for computing the effective annual interest rate we simply applied the above formula.

Hence the correct option is B.

3 0
3 years ago
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