Answer:
1.6
Explanation:
I just did my marketing quiz, it comes out at about 1.59 so 1.6
Answer:
It is the Cost of Goods Manufactured that should be transferred to the Finished Goods account. As both of them are asset account, adding to the Finished Goods account would debit it and taking from the Work in Process account would credit it.
Date Account Title Debit Credit
XX-XX-XXX Finished Goods $1,469,000
Work in Process $1,469,000
Answer:
IRR = 12.92%
Explanation:
<em>The IRR is the discount rate that equates the present value of cash inflows to that of cash outflows. At the IRR, the Net Present Value (NPV) of a project is equal to zero
</em>
<em>If the IRR greater than the required rate of return , we accept the project for implementation </em>
<em>If the IRR is less than that the required rate , we reject the project for implementation </em>
A project that provides annual cash flows of $24,000 for 9 years costs $110,000 today. Under the IRR decision rule, is this a good project if the required return is 8 percent?
Lets Calculate the IRR
<em>Step 1: Use the given discount rate of 10% and work out the NPV
</em>
NPV = 9000× (1-1.10^(-4)/0.1) - 27,000 =1528.78
<em>Step 2 : Use discount rate of 20% and work out the NPV (20% is a trial figure)
</em>
NPV = 9000× 1- 1.20^(-4)/0.2 - 27000 = -3701.38
<em>Step 3: calculate IRR
</em>
<em>IRR = a% + ( NPVa/(NPVa + NPVb)× (b-a)%</em>
IRR = 10% + 1528.78/(1528.78+3701.38)× (20-10)%= 0.12923
= 0.129230153 × 100
IRR = 12.92%
Answer:
The total cash receipt in the month of April amounts to $42,023
Explanation:
Total cash receipt in the month of April = March credit sales amount + April credit sale amount (25% is received) + April cash sales amount
= $29,400 × 67% + $32,900 × 25% + $14,100
= $19,698 + $8,225 + $14,100
= $42,023
Working Note:
March credit sales = March sales × 70%
= $42,000 × 70%
= $29,400
April Cash Sales = April Sales × 30%
= $47,000 × 30%
= $14,100
April Credit Sale = April Sales × 70%
= $47,000 × 70%
= $32,900
From the credit sale, 25% is received in the month of April
So,
= $32,900 × 25%
= $8,225
