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2 years ago

Last year, Green Corporation incurred the following expenditures in the development of a new plant process:

Business

1 answer:

zloy xaker [14]2 years ago

4 0

Answer:

$50,400

Explanation:

Calculation to determine the amount of the deduction for the current year

First step is calculate the Research and experimental costs

Salary $250,000

Materials $90,000

Utilities $20,000

Depreciation $18,000

Research and experimental costs $378,000

($250,000+$90,000+$20,000+$18,000)

Now let determine the amount of the deduction for the current year

Current year deduction = $378,000/60 * 8

(Note that May-December will give us 8 months)

Current year deduction = $50,400

Therefore the amount of the deduction for the current year is $50,400

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1 year ago

Which of the following is false regarding net realizable value (NRV)?

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A. NRV is the estimated selling price after processing the product beyond the split-off point.

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2 years ago

Which of the following is NOT a supertrend affecting the future of business? Multiple Choice Offshore suppliers are changing the

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3 years ago

A local county is considering purchasing some dump trucks for the trash pickups. Each truck will cost $55,000 and have an operat

lianna [129]

Answer:

35,972

Explanation:

The equivalent annual cost can be calculated dividing NPV by the annuity factor

In order to find NPV first

Year1 Year2 Year3 Year4 Year5 Total

Operating and

Maintenance 18000 21000 24000 27000 30000 -

Discount factor(10%) 0.909 0.826 0.751 0.683 0.620 -

Discounted CFs 16362 17346 18024 18411 18600 88,713

Salvage 12000

Discount factor(10%) 0.620

Discounted salvage 7440 (7440)

Inital Cost (55,000) (55,000)

NPV 136,333

Calculation for EAC

NPV = 136,333

Annuity factor for 5 years = 3.790

Equivalent annual cost = NPV /Annuity factor

Equivalent annual cost = 136,333/3.790

Equivalent annual cost = 35,972

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3 years ago

Assuming Year 2 net credit sales totaled $122,000, what was the company's average days to collect receivables

Montano1993 [528]

Answer:

44.88 days

Explanation:

Note: The full question is attached

Average amount of accounts receivables = ($16,000+$14,000)/2

Average amount of accounts receivables = $15,000

Average days to collect receivables = Days * AR / Credit sales

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= 44.88 days

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3 years ago