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3 years ago

Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows.

Business

1 answer:

prisoha [69]3 years ago

7 0

Answer:

Depreciation amount has to be added back to the annual income because it is a non cash expense.

Project 22A

Depreciation = 242,000 / 6 years

= $40,333.33

Annual income = 40,333.33 + 16,890

= $57,223.33

IRR using Excel is:

= 11%

Project 23A

Annual income = 20,710 + 271,500 / 9 years

= $50,876.67

IRR = 12%

Project 24A

Annual income = 15,700 + 283,000 / 7 years

= $56,128.57

IRR = 9%

<em>Note: Look at the formula bar to see how IRR was calculated. </em>

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Review how organizations interact with their external environment (as open systems and complex adaptive systems).

Mekhanik [1.2K]

Answer:

For an organization to survive, it must exchange information with it's external environment. An organization has no control over it's external environment, hence, it as to use the information of it's external environment for planning.

Explanation:

Wells Fargo, was one of the most valued bank, that operated a successful open system, before the scandal became public. However, it could not survive it's complex external environment, as the scandal had damaged the reputation of the bank, which largely affected the bank's market share.

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3 years ago

The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $660,000; Office salaries, $132,000; Feder

Lera25 [3.4K]

Answer:

July 31, 202x, salaries expense

Dr Sales salaries expense 660,000

Dr Office salaries expense 132,000

Dr FICA taxes (OASDI) expense 49,104

Dr FICA taxes (Medicare) expense 11,484

Dr FUTA taxes expense 408

Dr SUTA taxes expense 3,672

Dr Life insurance expense 19,500

Dr Medical insurance expense 24,000

Cr Federal income taxes withheld payable 198,000

Cr State income taxes withheld payable 44,000

Cr Social security taxes withheld payable 49,104

Cr Social security taxes payable 49,104

Cr Medicare taxes withheld payable 11,484

Cr Medicare taxes payable 11,484

Cr Medical insurance premiums payable 40,000

Cr Life insurance premiums payable 32,500

Cr Union dues deducted payable 10,000

Cr FUTA taxes payable 408

Cr SUTA taxes payable 3,672

Cr Salaries payable 450,412

July 31, 2021, payment of salaries payable

Dr Salaries payable 450,412

Cr Cash 450,412

Explanation:

Sales salaries, $660,000;

Office salaries, $132,000;

Federal income taxes withheld, $198,000;

State income taxes withheld, $44,000;

Social security taxes withheld, $49,104;

Medicare taxes withheld, $11,484;

Medical insurance premiums, $16,000;

Life insurance premiums, $13,000;

Union dues deducted, $10,000; and

Salaries subject to unemployment taxes, $68,000.

FUTA = $408
SUTA = $3,672

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3 years ago

Danielle is a very careful shopper, and is keen on maximizing the value of every transaction she makes. She uses coupons wheneve

Marianna [84]

Answer:

C. value consciousness

Explanation:

Value consciousness consumer behavior -

Value consciousness is the consumer purchasing any product based on the quality and characteristics .

Danielle shows a type of value consciousness , as she always purchase items during the sale season , and use coupons where ever possible , as she values money more and tries to save money .

Even she tries to spend on some product or commodity which fell would be good for her family and is worth the money .

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3 years ago

the directors want to give R500 000 to a local school.Give Two reasons why companies take such decision.

sdas [7]

Answer:

To make investments that will grow over time and provide education for less fortunate children

To have a good public image so they can get more customers.

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3 years ago

What is the main reason why entrepreneurs?

Effectus [21]

To entrepreneurs, independence and desire, not money, are what drive them.

<h3>What are the 14 characteristics of entrepreneur?</h3>

Main Facts of Successful Entrepreneurs They have a unique vision. They aim to have an impact in the future as they see far beyond what is happening right now. They are dedicated, have a strong sense of purpose, network, have a team of supporters, invest in themselves, and have faith in their capacity to succeed.

<h3>What are the 10 personal qualities of an entrepreneur?</h3>

The first quality on our list is one that is frequently taken for granted: flawless communication, a will to succeed, calculated risk-taking, ongoing learning, excellent leadership abilities, drive and aspiration, and open-mindedness.

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1 year ago