Both Joe and Rich should accept this project.
D) Both Joe and Rich
<u>Explanation:</u>
NPVJoe= $25,500 + $15,800 / 1.085 + $15,300 / 1.085^2
NPVJoe= $2,058.88
NPVRich= –$25,500 + $15,800 / 1.125 + $15,300 / 1.125^2
NPVRich= $633.33
Here Joe and Rich both invested a total amount of $25,500 and they are expected to get cash inflows of $15,800 and $15,300 in the year 1 and year 2 respectively they both has their own different rates of return i.e. 8.5% and 12.5% so we can calculate the net principle value of Joe is $2,058.88 and that of Rich is $633.33.
Answer:
$390000
Explanation:
Given: Beginning inventory= $60000
Cost of goods purchased = $380,000
Sales revenue= $800000.
Ending inventory= $50000.
The Periodic inventory system is used to determine the amount of inventory available at the end of each accounting period.
Cost of goods sold=
⇒ Cost of goods sold=
⇒ Cost of goods sold=
∴ Cost of goods sold= .
Hence, $390000 is the cost of goods sold under a periodic system.
Answer:
a). The statement on the income tax form about the deduction for children and other dependents was simply unreadable.
b). The type of career that many graduates are hoping to pursue pay high salaries and provide long vacations.
c). Apparently, the use of robots in factories has been responsible for a great deal of worker dissatisfaction.
d). The problems associated with government deregulation have been responsible for the economic plight of several major airlines in recent years.
e). The impact of computers on our lives is comparable to the impact of the industrial revolution.
f). The amount of money and time I spend on computer games <u>is</u> more than I can afford.
Explanation:
Subject-verb agreement is described as the grammatical rule according to which the subject, as well as, the verb must agree with one another in number. As per the rules, if the subject(noun or noun phrase) is singular, it will take a singular verb while if the subject is plural(noun or noun phrase), it will carry a plural verb.
According to this rule, <u>the first and third sentence fails to follow this agreement</u>. The first sentence inadequately carries a plural verb 'were' with the singular noun ('The statement') and similarly, the third sentence wrongly employs plural verb 'have' with the singular noun 'the use.' The other sentences are grammatically appropriate as the verbs and noun phrases agree in number.
Answer:
Dec.31 Bad Debts Expense 27000
December 31 Balance Sheet Accounts Receivable 392400
Explanation:
Harris Company
Credit Sales for the current year $2700,000
Credit Losses = 1% of $ 2700,000= $ 27000
Add Allowance for Doubtful Accounts $ 30600 Cr
Required Adjustments $ 57,600 Cr
General Journal
Date Description Debit Credit
Dec.31 Bad Debts Expense 27000
Allowance for Doubtful Accounts 27000
December 31 Balance Sheet.
Accounts Receivable $450,000
Less: Allowance for Doubtful Accounts $57,600 ( 27000+ 30,600)
Accounts Receivable 392400
A) any difference in the facts, circumstances, or assumptions presented may change the report