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3 years ago

X-treme Vitamin Company is considering two investments, both of which cost $22,000. The cash flows are as follows:

Business

1 answer:

lukranit [14]3 years ago

8 0

Answer:

0.88 years

1 year

Explanation:

Payback period calculates the amount of the time it takes to recover the amount invested in a project from its cumulative cash flows.

For project A:

Amount invested = $-22,000

Amount recovered in year 1 = $-22,000 + $25,000 =$-3000

The amount invested is recovered In 22,000 / $25,000 = 0.88 years

For project B:

Amount invested = $-22,000

Amount recovered in year 1 = $-22,000 + $22,000 = 0

The amount invested is recovered in a year

I hope my answer helps you

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On November 1, Jasper Company loaned another company $270,000 at a 8.0% interest rate. The note receivable plus interest will no

Lostsunrise [7]

Answer:

The interest revenue that should be reported in the first year, for two months from November to December, on 31 December is $3600.

Explanation:

According to the accrual basis of accounting, the revenues and expenses for a particular period should be recorded in the period to which they relate to rather then when they are received or paid. This means that although the interest will be received on March 1 of the next year, the interest revenue on note receivable for a period of two months from November to December should be recorded in the first year because it has been earned in the first year and it relates to it.

Interest revenue - first year = 270000 * 0.08 * 2/12 = $3600

5 0

3 years ago

Dion, a shareholder, owned 20% of MedowBrook’s stock for 292 days and 25% for the remaining 73 days in the year. Using the per-d

Igoryamba

Answer:

Ordinary Income allocation $12,600

Tax-exempt interest allocation$210

Charitable contribution allocation $714

Explanation:

Ordinary Income allocation:

For 20% ownership: $60,000 * [20% * (292/365)] = 9,600

For 25% ownership: $60,000 * [25% * (73/365)] = 3,000

Total 9,600 + 3,000 = $12,600

Tax-exempt interest allocation:

For 20% ownership: $1,000 * [20% * (292/365)] = 160

For 25% ownership: $1,000 * [25% * (73/365)] = 50

Total 160 + 50 = $210

Charitable contribution allocation:

For 20% ownership: $3,400 * [20% * (292/365)] = 544

For 25% ownership: $3,400 * [25% * (73/365)] = 170

Total 544 + 170 = $714

8 0

3 years ago

"Managers must ensure that activities of employees and departments, contribute to meeting the company’s overall goals."

Leni [432]

Answer: True

Explanation: Managers refers to that individual who performs the function of management in the organisation.

The function described in the given statement is controlling. Controlling focuses on monitoring the executed plan and take corrective actions in case there comes any discrepancy. Therefore, manager is responsible for ensuring that the activities performed are matching the organisational goals.

Thus, the given statement is true.

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4 years ago

A homeowner decides to rent a spare bedroom in her single-family house to a tenant for $500 per month. When a 24-year-old man as

brilliants [131]

Answer:

Should not be concerned

Explanation:

In the scenario being described, it can be said that the homeowner should not be concerned. That is because even though she did discriminate against the individual, Single-family homes rented without the use of a real estate agent or advertising are exempt from the federal Fair Housing Act. This holds true as long as the owner of the property does not own more than three homes at any given time. Therefore since there was no real estate agent, the man can't sue.

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3 years ago

How is a credit card union different from a retail bank

ziro4ka [17]

Credit Unions are not profit fiancial cooperatives whose earnings are paid back to members in the form of higher saving rates and lower rates Banks are for profit business with earning paid to stockholders only. Hope this Helps?

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4 years ago