I don't see a statement but if the investment was $210,000 and the future cash flows was $225,000 the net revenue would be 225,000-210,000 = 15000 and 15000/210,000=7.1% so the company's desired rate of return would not be met.
Answer:
B. Deliverables
Explanation:
Deliverables -
It refers to the good and services , which may or may not be tangible , that are produced by some project which need to be delivered to the customer , which can be internally as well as externally , is referred to as deliverables.
Since, deliverables are intangible so , it can be software or presentation.
Various small deliverables merge together to form a deliverable.
Hence, from the given information of the question,
The correct option is B. Deliverables .
Answer: Debit Bad debt expense $7,300; Credit Allowance for doubtful accounts $7,300.
Explanation: 5% of accounts receivable of $190,000 is $9,500. Remember the credit balance in Allowance for uncollectible accounts is $2,200 prior to any adjustment and this reports to the balance sheet. To reinstate this account to the required provision for uncollectible amount of $9,500, we need to adjust for the difference (that is, $9,500 minus $2,200 existing balance), which is $7,300. <u>Then, the entries above would be recorded. </u>
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Answer:
t = 3.801784017 years rounded off to 3.80 years
Explanation:
We need to calculate the time it takes for the initial investment of $1.5 million to grow and have a future value of $3 million. The formula to calculate the future value of a sum of money is,
FV = I * (1+r)^t
Where,
- FV is the future value
- I is the initial investment amount
- r is the rate of return
- t is the time in years
3 = 1.5 * (1+0.2)^t
3 / 1.5 = 1.2^t
2 = 1.2^t
log (2) / log (1.2) = t
t = 3.801784017 years rounded off to 3.80 years
I would say that they should test the water purifier with tap water and run it through the purifier and see if it is actually purifying the water and that way determine if it is performing as it should an if not correct it.
