The answer to this question is linear search. Linear search
is a method of finding an item in the list. Linear search is also known as a
sequential search. In this kind of method, this is a search method where in all
elements are being searched in order to find the desired element or value.
Answer:
The development should be not be considered as it not a relevant cash outflow
The $254,000 sale price for existing line is a relevant cash inflow
Cash flows:
Year 0 -$$1,536,000
Years 1-13 $746,000
Explanation:
The development cost has already been incurred,it is not a relevant cash outflow since the cash flows to be considered are those would be incurred in the future in respect of the new line of club heads.
The sale price of the existing line is a relevant inflow as it would only be received as a result of switching to the new line of club heads.
The relevant cash flow from year 1 to 13 is computed thus:
year 0 cash outflow would be the cost of new equipment less the sale price of existing line i.e -$1,790,000+$254,000=-$1,536,000
In years 1 to 13 ,there would cash inflow of $746,000 in each year
Answer:
d. Credit to Unearned Management Fees for $60,000.
Explanation:
In the given question, it is mentioned that the management services provide service to clients, and one client gives the advance amount of $60,000 to the management service.
So, in case of advanced received by the customer, the journal entry would be
Cash A/c Dr $60,000
To Unearned Management Fees $60,000
(Being amount received in advance)
The asset account should be debited and the liabilities account should be credited.
Answer:
A) $56.5
Explanation:
Data:
Project S
Initial cost $10,000
Y1 CF = $6,000
y2 CF = $8,000
Project L
Initial Investment = $10,000
Y1-Y4 CF = $4,373
Solution:
<u>For Project S</u>
We shall prolong the project to four years so it can be easily compared to project L
Following shall be the cashflow stream:
Y0=-$10,000 Y1=$6,000 Y2=-$2,000($8,000 CF - $10,000 outlay for prolonging the project second time) Y3=$6,000 Y4=$8,000
Now to discount the cashflow
<u>For Project L</u>
In order to calculate present value of the annuity, following formula will be used:
<em>NPV = Initial outlay - PV</em>
Now, we can easily calculate how much value will the firm gain or lose if Project L is selected over Project S
<em>*all figures are rounded off to two decimal points*</em>
Answer:
balance in the Prepaid Rent account as of April 30 is $10800
Explanation:
given data
rent office = $5,400 per month
rent paid = 6 month i.e January 1 to June 30
to find out
balance in the Prepaid Rent account as of April 30
solution
we know here that Period Expired till April 30 = 4 months ( January 1 to April 30)
and
so Period Balance = 2 Months ( May 1 to June 30 )
so Prepaid Rent is = Balance Period × Rent per month
Prepaid Rent = 2 × 5,400
Prepaid Rent = $10800
so balance in the Prepaid Rent account as of April 30 is $10800
