Answer:
13%
Explanation:
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Cash flow in year 0 = $-74,361.78
Cash flow in year 1 - 4 = 25,000
IRR = 13%
Nathan is considered to be a franchiser. A franchiser is
being defined as someone who owns an overaching company or trademarks and
products in which they give a right to the franchisee to be able to run the
franchise’s location in which is agreed with a fee.
Answer:
Correct answer is D, Debit Insurance Expense, $460; credit Prepaid Insurance, $460
Explanation:
The company uses asset method of recording the purchase of insurance. Hence, at end of year end the company must recognize the expire portion of the policy and charge it against insurance expense.
$2,300 / 5 years = $460 (annual insurance expense)
Entry:
Debit Insurance expense $460
Credit Prepaid insurance $460
The balance of the prepaid insurance at the end of first year is $1,840 (2,300 - 460).
300
Divide 3600 by 100= 36
divide 36 by 12= 3
multiply 3 by 100=300
