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MatroZZZ [7]
3 years ago
9

Respass Corporation has provided the following data concerning an investment project that it is considering: Initial investment

$ 160,000 Annual cash flow $ 54,000 per year Salvage value at the end of the project $ 11,000 Expected life of the project 4 years Discount rate 15% Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the project is closest to:
Business
1 answer:
lesya692 [45]3 years ago
6 0

Answer: $516

Explanation:

Net Present value is the present value of inflows less present value of outflows.

The project has annual inflows of $54,000 except in 4th year where it will have inflows of $65,000 because the salvage value will be added to the inflows.

Present value of inflows = 54,000/1.12 + 54,000/1.12² + 54,000/1.12³ + 65,000/1.12⁴

= $160,516

Net Present Value = 160,516 - 160,000

= $516

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Darya [45]

Answer:

a. $74

Explanation:

The computation in the change in cash for the year is shown below:

Net income                  $100  

Less: Purchase of Debt Securities  -$7  

Less: Amortization of Premium on Bonds payable  -$4  

Less: Purchase of Treasury Stock      -$5  

Less: cash Dividends paid            -$10 {($100 - $92) + $2}

Change in Cash          $74  

Hence, the correct option is A. $74

We simply deduct all the items from the net income so that the change in cash could come

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3 years ago
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Answer:

B) Objectives 2 and 3

Explanation:

Accounting controls are procedures that help a company ensure the validity and accuracy of its financial statements.

Therefore, one of the main priorities of accounting controls would be to make sure that accounting records are correct. By ensuring the validity of accounting records, the company's assets are safeguarded, since the possibility of something missing or being incorrectly recorded diminishes.

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3 years ago
Zarasiato24, I couldn't give Brainliest so I am posting a new question so I can give you Brainliest
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On January 1, Wei company begins the accounting period with a $35,000 credit balance in Allowance for Doubtful Accounts. On Febr
Genrish500 [490]

Answer:

Wei Company

Journal Entry:

Debit Allowance for Doubtful Accounts $7,800

Credit Accounts Receivable $7,800

To write-off accounts determined to be uncollectible.

Explanation:

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Allowance for Doubtful Accounts (Balance) = $35,000

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Oakley Co. $1,400

Brookes Co. $6,400

Total = $7,800

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