<span> Revenue </span>accounts or <span>Expense </span><span>accounts</span>
Answer:
Because different insurance networks provide seperate benefits. For example a health insurance provider would give you injury-related insurances etc.
Answer:
-$264,000
Explanation:
The net cash flows from investing activities for the year is presented below
Cash flow from investing activities
Purchase of equipment -$260,000
Proceeds from the sale of equipment $87,000
Purchase of land -$91,000
Net cash flow used by investing activities -$264,000
The purchase is a cash outflow so it would be shown in a minus sign whereas sales is a cash inflow so it would be added
Answer:
(1) Payback period is 4.588 years or 4 years and 215 days
(2) 5.13%
Explanation:
(1)
Payback period is the time period in which Initial Investment made in the project is recovered in the form of cash inflows.
Payback period = Initial Investment / Annual net cash flow
Payback period = $390,000 / $85,000 = 4.588 years = 4 years and 215 days
(2)
As per given data
Net Income = $20,000
Initial Investment = $390,000
Annual rate of return is the ration of net income to the investment made in the project.
Annual rate of return = Annual net Income / Initial Investment
Annual rate of return = ($20,000 / $390,000) x 100 = 5.13%
