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ipn [44]
3 years ago
9

Matching Question Match the following activities to their effect on the general ledger accounts. Allocate indirect labor Allocat

e indirect labor drop zone empty. Pay factory property tax Pay factory property tax drop zone empty. Purchase materials Purchase materials drop zone empty. Use direct materials Use direct materials drop zone empty. Complete job Complete job drop zone empty. Sold job Sold job drop zone empty. Credit Finished Goods Inventory Debit Raw Materials Inventory Debit Factory Overhead Credit Factory Wages Payable Debit Finished Goods Inventory Credit Raw Materials Inventory
Business
1 answer:
Zepler [3.9K]3 years ago
5 0

Answer:

Activities                         General Ledger accounts

Allocate indirect labor         <em>Credit Factory wages payable</em>

Pay factory property tax      <em>Debit Factory Overheads</em>

Purchase materials              <em>Debit Raw material inventory</em>

Use direct materials            <em>Credit Raw material inventory</em>

Complete job                       <em>Debit Raw material inventory</em>

Deliver job                            <em>Credit Raw material inventory</em>

<em></em>

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Yappy Company is considering a capital investment of $320,000 in additional equipment. The new equipment is expected to have a u
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a. 4.92 years

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d. IRR = 12.26%

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the project should be accepted

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Payback period =  Amount invested / cash flow = $320,000  / $65,000 = 4.92 years

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

NPV and IRR can be calculated using a financial calculator

Cash flow in year 0 = $-320,000

Cash flow each year from year 1 to 8 = $65,000

I = 10%

NPV = $26,770.20

IRR = 12.26%

profitability index = 1 + (NPV / Initial investment) = 1 + ($26,770.20 / $320,000 ) = 1.0837

The project should be accepted because the NPV and profitability index are positive. the IRR is greater than the discount rate. this means that the project is profitable. Accounting rate of return = Average net income / Average book value

Average book value = (cost of equipment - salvage value) / 2 = $320,000 / 2 = $160,000

$25,000 / $160,000 = 0.156 = 15.6%

To find the NPV 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 NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

To find the 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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A mortgage backed bond is tied to or secured on a real estate asset.  This implies that the bond is not just a promise to pay a debt obligation but the attached promise is secured or backed by some real assets.  There is extra security provided for the bond because specific assets are identified as securities for the bond.  Since the bonds are associated with some real assets, the assets can be traded in the event that the debt obligations are not met.

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