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2 years ago

What is a secured credit card and how does it work.

1 answer:

8 0

A secured credit card is a card that requires a cash security deposit when you open the account. The deposit reduces the risk to the credit card issuer: If you don't pay your bill, the issuer can take the money from your deposit. That's why these cards are available to people with bad credit or no credit.

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You have been asked to evaluate two alternatives, X and Y, that may increase plant capacity for manufacturing high-pressure hydr

seraphim [82]

Answer:

Present value of Project X is $41990.6

Present value of Project Y is $34605.2

Explanation:

PROJECT X

PARTICULARS YEAR Cost/Value Present Value factor 15% Present Value

Initial Cost 0 45000 1 45000

Maintenance 1- 5 8000 3.352 26816

cost

Annual Depreciation 1-5 (8600) 3.352 (28827.2)

Salvage Value 5 (2000) 0.4971 (994.2)

Present value of cash outflows 41,990.6

PROJECT Y

PARTICULARS YEAR COST/VALUE Present value factor 15% PRESENT VALUE

Initial Cost 0 58000 1 58000

Maintenance 1- 5 4000 3.352 13409

cost

Annual Depreciation 1-5 (9200) 3.352 (30838.4)

Salvage Value 5 12000 0.4971 (5965.2)

Present Value of cash outflow 34605.2

Note: Figures in parenthesis denote cash inflow

Working Notes

Depreciation for project X = $\frac{45000\ -\ 2000}{5}$ = $8600 p.a

Depreciation for project Y = $\frac{58000\ -\ 12000}{5}$ = $9200 p.a

Decision: Since present value of cash outflows is lesser for Project Y, it should be taken up.

7 0

3 years ago

The process of identifying personal abilities is known as

BlackZzzverrR [31]

Personal development is a lifelong process. It’s a way for people to assess their skills and qualities, consider their aims in life and set goals in order to realize and maximize their potential.

3 0

3 years ago

ACC Corporation's income statement shows depreciation of $1,611, sales of $21,415, interest paid of $1,282, net income of $1,374

goldenfox [79]

Answer:

D. $1,611

Explanation:

Depreciation is an expense indicating a decline in the value of the capital assets due to tear and wear, obsolescence, usage, time span, etc. It's displayed on the income statement debit side. It is a non-cash item which has no impact on the cash balance.

So in the given case, the non cash expense is known as depreciation expense

5 0

3 years ago

Which of the following is not part of the materials activity in the flow of manufacturing activities?

777dan777 [17]

Answer:

b. Beginning work in process

Explanation:

Work in process (WIP) doesn't form part of the flow of manufacturing activities.

The flow of manufacturing activities include the following format:

Opening raw materials

+ Raw materials Purchases

Raw materials available for use in production

- Ending Raw Materials Inventory

Raw Materials Used in Production

For manufacturing activities an entity will have the opening raw material to be used in production and will include more raw material purchased during the period which will total as the raw materials available for use in production. Through out the manufacturing activities the raw material available for use is utilized and any quantity that remains (i.e closing inventory) is subtracted to get raw material used in production, which also represents the cost of material used in the calculation of cost of goods sold (COGS).

6 0

3 years ago

Read 2 more answers

In cell b17, enter a formula to calculate the amount budgeted for hotel accommodations. this amount is based on the # of nights,

Nimfa-mama [501]

I recently had this assignment and here are a couple of was to do this:

1st way (which is correct according to my grading):
= # of Nights*Hotel rate*(1+hotel tax rate)

2nd way (I got counted wrong for this one on my assignment):
=(hotel rate+(hotel rate*hotel tax rate))*Number of nights

3 0

3 years ago