Answer:
"E "
Explanation:
Just in time inventory is an inventory management system where inventory required for production are ordered at the point of production.
This practice helps to maximize profit as investment on inventory carriage and storage are minimized , aiding an improved working capital management.
It is of importance that machine break down is avoided and there is a reliability of man power in order to avoid operation down time when there is a demand.
Also , there must be a solid arrangement with supplier for it to be effective.
Answer:
b) Additional paid-in capital.
Explanation:
Closing process in accounting is a period end activities which involves
the movement or transfer of temporary accounts to permanent accounts.
Temporary accounts are all income statement accounts like sales account, rent account, depreciation expense account, telephone expense account e.t.c.
This exercise is to prepare temporary accounts for the next period. since temporary accounts are measured as at period end, the transaction of a period must not be allowed to mix with another, hence the need to always close or bring to zero all temporary accounts.
In the question, all are income accounts except additional paid-in capital
Answer:
a. increase in the demand for the good.
Explanation:
As we know that
In the case of normal goods, there is a positive relationship between the income and the quantity demand. If the income rises, the quantity demand is also rising and vice versa
But in the case of inferior goods, it shows an inverse relationship between the income and the quantity demand. If the income rises, the quantity demand is falling and vice versa
Answer:
Payback Period = 4 Years
Net Present value = $15692
Internal Rate of Return = 17.82%
Modified Internal Rate of Return = 14.20%
Explanation:
Payback Period = (Initial Investment / Net Cash inflows)
Payback Period = $61500/15000 = 4 Years
Net Present value using PVIF table value at 11% over the period and discount them given cash flows gives us discounted cash flows.
Year CF PVIF 11%,n Discounted CF
0 -61500 1.000 (61,500)
1 15000 0.901 13,514
2 15000 0.812 12,174
3 15000 0.731 10,968
4 15000 0.659 9,881
5 15000 0.593 8,902
6 15000 0.535 8,020
7 15000 0.482 7,225
8 15000 0.434 6,509
Summing up the discounted Cash flows gives us the Net Present value of $15692
Internal Rate of Return:
Using Excel Function IRR @ 17.82% applying it on cash flows gives the rate where Present value of Cash flows is Zero.
Modified Internal Rate of Return:
Modified internal rate of return is at the level of 14.20% as it lower than IRR because it assume positive cash flows invested at cost of capital.
Answer:
We should not lower taxes for the wealthiest Americans because they own and run a lot of companies and businesses that we use. Lower income Americans want their leaders to understand or know what it’s like to be less wealthy so they’ll be more sympathetic towards lower income people and won’t do everything out of the want for more money. If they have to pay lower taxes, then that takes away from their ability to sympathize with lower income homes, and that would upset a lot of people.
