Answer:
Total Inventory 250,590
Explanation:
We have to pick the lowest price between the istoric cost (FIFO method) and the market value of the goods)
units x lowest
Adams 100 x 125 = 12,500
Coolidge 375 x 90 = 33,750
McKinley 220 x 60 = 13,200
Garfield 900 x 115 = 103,500
Lincoln 626 x 140 = <u> 87,640</u>
Total Inventory 250,590
Answer:
Seybert purchased the Wang investment for $173,000
Explanation:
Since there is a credit balance. It means the stock is increased in value by $27,000. So that the stock was purchased at $173,000 ($200,000-$27,000).
Before purchasing the said product, it is only essential for
the person to consider the components of the IS which are five before having to
buy the product as this will ensure whether the product has passed and could be
of benefit towards to people who are going to buy it and if it is function-able.
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The journal entry is as follows
Unearned ticket revenue Dr $33,700
To Ticket revenue $33,700
(Being the unearned ticked revenue is recorded)
The computation is shown below:
= Number of seasons sold × Price of six events ÷ number of events held
= 3,370 × $60 ÷ 6
= 3,370 × $10
= $33,700
So we debited the unearned ticket revenue and credited the ticket revenue
Answer:
a. Calculate the net present value.
b. Calculate the internal rate of return
c. Calculate the accrual accounting rate of return based on the net initial investment.
d. Calculate the accrual accounting rate of return based on the average investment.
Explanation:
machine cost $225,000
useful life = 10 years
salvage value = $3,000
cash flow per year = $48,500
additional working capital = $39,000
discount rate 10%
I used an excel spreadsheet because is not enough room here:
