Answers
Answer:
3.36 years
Explanation:
The computation of the payback period is shown below:
Given that
In year 0 = $27,600
In year 1 = $6,700
In year 2 = $8,800
In year 3 = $9,150
In year 4 = $8,050
In year 5 = $7,500
If we added the first 3 year cash inflows than it would be $24,650
Now we deduct the $24,650 from the $27,600 , so the amount left is $2,950 and if we added the fourth year cash inflow so the total amount exceeds to the initial investment. So, we subtract it
And, the next year cash inflow is $8,050
So, the payback period equal to
= 3 years + $2,950 ÷ $8,050
= 3.36 years
Related Questions
The following financial information is from Shovels Construction Company: Accounts payable $ 14,200 Buildings 87,000 Cash 12,300 Accounts receivable 9,800 Sales tax payable 3,400 Retained earnings 45,500 Supplies 41,000 Notes payable (due in 18 months) 33,000 Interest payable 2,900 Common stock 51,100 What is the amount of current assets, assuming the accounts above reflect normal activity
Answers
Answer:
63,100
Explanation:
Shovels Construction Company have the following financial information
Accounts payable $ 14,200
Buildings 87,000
Cash 12,300
Accounts receivable 9,800
Sales tax payable 3,400
Retained earnings 45,500
Supplies 41,000
Notes payable (due in 18 months) 33,000
Interest payable 2,900
Common stock 51,100
Therefore the amount of current assets can be calculated as follows
= cash + account receivables + Supplies
= 12,300 + 9,800 + 41,000
= 63,100
Hence the amount of current assets is 63,100
Which statement is true regarding monopolistic competition?
Answers
Answer:
AR>MR
--------------------------------------
WHERE ARE THE OPTIONS.
apple inc. is the number one online music retailer through its itunes music store. apple sells itunes gift cards in $15, $25, and $50 increments. assume apple sells $19.8 million in itunes gift cards in november, and customers redeem $12.8 million of the gift cards in december.
Answers
Assume apple sells $19.8 million in itunes gift cards in november, and customers redeem $12.8 million of the gift cards in december. The ending balance in the unearned revenue account is $7million.
The entry in the cash receipt journal will be
Dr : cash sales $19.7 million
Cr: Account receivable $12.7million
The unearned revenue account will be
Dr : cash sales 19.7million
Cr : Account receivable 12.7million
Therefore the ending balance in the unearned revenue account is $7million.
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Determine where each piece of information is located on a check.
signature line
date
routing number
account number
personal information
check number
memo line
Answers
Example of a check. Look at the image I attached.
How can events in a process costing system affect financial statements? Provide examples.
Answers
The inventory costing asset account, which shows up on the balance sheet, is where the costs associated with units produced or in production are financial recorded.
The cost is transferred to the cost of goods sold account when the goods are eventually sold, where it appears on the income statement. Financial Process costing is a type of costing that's primarily utilized costing in manufacturing, where products are mass-produced constantly using one or more processes. Examples of this include producing chemicals, erasers, or processed foods. Instead of tracking expenses for each individual item, organizations that use process costing follow the flow of costs from department to department.
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Which of the following types of accounts have a normal credit balance?
assets and liabilities
revenues and capital
capital and drawing
liabilities and expenses
Answers
Answer:
Liabilities and expenses
Explanation:
Liabilities and expenses are mostly thee ones that have a normal credit balance
Hugh has the choice between investing in a City of Heflin bond at 4.80 percent or investing in a Surething Inc. bond at 7.25 percent. Assuming that both bonds have the same nontax characteristics and that Hugh has a 40 percent marginal tax rate, what interest rate does Surething Inc. need to offer to make Hugh indifferent between investing in the two bonds
Answers
Answer:
8%
Explanation:
Calculation for what interest rate does Surething Inc. need to offer to make Hugh indifferent between investing in the two bonds
Using this formula
Interest rate=City of Heflin bond Percentage rate/(1 − Marginal tax rate)
Let plug in the formula
Interest rate=4.80% / (1 − 40%)
Interest rate=4.80%/60%
Interest rate= 8%
Therefore the interest rate that Surething Inc. need to offer to make Hugh indifferent between investing in the two bonds will be 8%
Clancy is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Clancy has only 20 hours this week that he can devote to training. Each hour he spends swimming is an hour that he can't spend biking or running. Which basic principle of individual choice do these statements best illustrate?
a. Maria has an incentive to spend more time on swimming than on biking or running.
b. People usually exploit opportunities to make themselves better off.
c. Maria can use lime most efficiently by spending the same amounts of time on swimming, biking, and running.
d. People face trade-offs
Answers
Answer:
d. People face trade-offs
Explanation:
Since maria has 20 hours training in a week and the training consist of swimming, biking and running also she is not able to do three at the same time so for approaching these 3 different time she will engaged i.e. she trade off the time between these three things.
So, she sacrifice some time for each kind of the activity therefore the correct option is d.
Briefly describe the traditional organizational structure.
Answers
Answer:
The traditional organizational structure is the structure has the following characteristics:
Explanation:
Hierarchical: there is a clear hiearchical structure, between the top levels of the organization, and the bottom levels of the organization. There is a clear line of command, and workers have to respond vertically to their supervisors, who at the same time have to respond vertically to top management.
And the other characteristic is that departments within the organization are clearly defined, and each worker belongs to a specific department.
come onI want to eat laundry soap
Answers
Answer:
why does oni want to eat laundry soap
Answer:
He want to eat laundry soap beacuse it contain some acids which clean everything
At the W Hotel on Union Square in New York, they provide opportunity for more
formal communication by using an employee survey index. What percent of the
supervisors and manager s bonus is based on the survey results?
Answers
At the W Hotel where they provide opportunity for more formal communication by using an employee survey index. The percent of the supervisors and managers bonus based on the survey results is 33.3%.
How effective is supervisors and managers bonus which are based on survey results?If bonuses are based on relevant and meaningful survey questions, they can motivate managers and supervisors to improve employee satisfaction, engagement, and overall performance. Also, bonuses can incentivize managers to develop better communication and leadership skills, which can lead to better team collaboration, employee retention, and productivity.
However, if the survey questions are poorly designed or irrelevant, or if the bonus amounts are not substantial enough to motivate change, the bonuses may not be effective in achieving the desired outcomes. Therefore, it is important to carefully design surveys and bonus structures to ensure that they are meaningful and impactful in improving workplace culture and performance.
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ACCOUNTING:-
How do we find out the Balance B/D in the credit section?
Answers
In accounting, the term "Balance B/D" typically refers to the Balance Brought Down, which represents the balance carried forward from the previous accounting period.
To find out the Balance B/D in the credit section, you would need to consider the following:
Obtain the financial statements: Retrieve the previous period's financial statements, including the balance sheet and the income statement.
Locate the previous period's credit balance: Look for the credit balance in the relevant accounts on the balance sheet. These accounts could include liabilities, equity accounts, or contra-asset accounts.
Analyze changes: Review any changes that occurred during the previous period in the accounts with credit balances. Determine whether there were any increases or decreases in these accounts due to transactions or adjustments.
Calculate the net change: Calculate the net change in the accounts with credit balances by subtracting any decreases from the increases. This will give you the overall change in the credit balances of these accounts.
Determine the Balance B/D: Add the net change to the previous period's balance. If the previous period's credit balance was zero, then the net change itself will be the Balance B/D in the credit section. However, if there was an existing credit balance, you would need to add the net change to that balance to find the Balance B/D in the credit section.
By following these steps, you can identify the Balance B/D in the credit section, which represents the credit balance carried forward from the previous accounting period.
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how do u get arrested
Answers
Answer:
breaking the laws that's one way to get arrested, if that's what you are asking lol
Answer:
Basically anything that interferes with the law or disturbs peace
Explanation:
1)hurt someone.
2)Spray paint.
3)Punch someone.
4)Fight with officer.
5)Get out of control at school.
6)Get in a fight.
7)Steal a car.
8)Sell drugs.
9)Hit a police car and drive off.
10)Threaten to hurt yourself.
etc
HOW TO EASILY BUY A PASSPORT ONLINE.
Buy US Passport, Buy EU Passport, Buy Canadian Passport, Buy Australian Passport.
For more information, visit https://www.passportexpeditenetwork.com/
Answers
Calculating Returns and Variability (LO1) You’ve observed the following returns on Regina Computer’s stock over the past five years: 7%, −12%, 11%, 38%, and 14%. a. What was the arithmetic average return on Regina’s stock over this five-year period? b. What was the variance of Regina’s returns over this period? The standard deviation?
Answers
The arithmetic average return that Regina Computer stock saw on its returns over the five years was 11. 6 %
The variance of the returns over the period was 320.3, and the standard deviation was 17.9 %
How to find the arithmetic mean?The arithmetic mean on returns can be found by summing up all the returns and then dividing this by the number of returns.
The arithmetic mean to Regina stock in the five year period was therefore:
= (7 % + - 12% + 11 % + 38 % + 14 % ) / 5
= 58 % / 5
= 11. 6 %
Using this mean, the variance can be found on a spreadsheet to be 320.3.
The standard deviation is the square root of variance so the standard deviation of Regina Computer stock in the past 5 years is:
= √ Variance
= √ 320.3
= 17.89
= 17.9 %
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TRUE/FALSE. designating a third party as a beneficiary in a contract does not indicate whether the beneficiary is intended or incidental.
Answers
False. Designating a third party as a beneficiary in a contract typically indicates that the beneficiary is intended. If a contract does not explicitly state that the beneficiary is incidental, then it is likely intended.
What is third party?Third party refers to an individual or organization that is not directly involved in a particular transaction or activity, but has some involvement or interest in it. It is commonly used in reference to legal and business activities, such as contracts, settlements, and transactions. It can also be used to describe a person or organization that provides goods or services to two other parties. For example, a third-party logistics provider is a company that provides warehousing and transportation services to two other businesses. In politics, a third party is any party other than the two major parties in a two-party system. Third-party candidates are often included in political elections to provide more choice to voters, although they rarely succeed in winning electoral office.
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You plan to purchase a $340,000 house using either a 25-year mortgage obtained from your local savings bank with a rate of 8.10 percent, or a 10-year mortgage with a rate of 7.10 percent. You will make a down payment of 20 percent of the purchase price.
a. Calculate the amount of interest and, separately, principal paid on each mortgage. What is the difference in interest paid?
b. Calculate your monthly payments on the two mortgages. What is the difference in the monthly payment on the two mortgages?
Answers
Answer:
a. Interest under 10 year mortgage = CUMIPMT(7.1%/12, 10*12, 340000*80%, 1, 10*12, 0)
Interest under 10 year mortgage = 108662.44
Interest under 25 year mortgage = CUMIPMT(8.1%/12, 10*12, 340000*80%, 1, 25*12, 0)
Interest under 25 year mortgage = 363217.16
Difference in interest = 363217.16 - 108662.44
Difference in interest = 254554.72
b. Monthly payment under 10 year = PMT(7.1%/12, 10*12, 340000*80%)
Monthly payment under 10 year = 3172.19
Monthly payment under 25 year = PMT(8.1%/12, 25*12, 340000*80%)
Monthly payment under 25 year = 2117.39
Difference in the monthly payment = 3172.19 - 2117.39
Difference in the monthly payment = 1054.80
which of the following is an example of an executive agreement?
The president changes a regulation on undocumented immigrant status without congressional approval.
The president signs legally binding nuclear arms terms with Iran without seeking congressional approval.
The president issues recommendations to the Department of Justice on what the meaning of a new criminal statue is.
The president negotiates an agreement with China and submits it to the Senate for ratification
Answers
The Correct example of an executive agreement is b) The president signs legally binding nuclear arms terms with Iran without seeking congressional approval.
What is Executive Agreement?An executive agreement is a pact between the leaders of two or more countries that has not been approved by the legislature in the same way that treaties are approved. To distinguish them from treaties, which are legally binding, executive agreements are seen as having political force.Executive agreements are less formal than treaties and do not require ratification by two-thirds of the U.S. Senate. They are agreements between the United States and a foreign government.After 1939, executive agreements were used a lot more frequently. Between 1940 and 1989, during World War II and the Cold War, presidents signed almost 800 treaties but negotiated more than 1,200 executive agreements, compared to the 800 treaties that the U.S. Senate had ratified before to 1940 and the 1,200 executive agreements that they had formed.To learn more about Executive agreement refer to:
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On May 28, 2021, Pesky Corporation acquired all of the outstanding common stock of Harman, Inc., for $590 million. The fair value of Harman's identifiable tangible and intangible assets totaled $631 million, and the fair value of liabilities assumed by Pesky was $169 million. Pesky performed a goodwill impairment test at the end of its fiscal year ended December 31, 2021. Management has provided the following information:
Fair value of Harman, Inc. $570 million
Fair value of Harman's net assets (excluding goodwill) 510 million
Book value of Harman's net assets (including goodwill) 594 million
Required:
a. Determine the amount of goodwill that resulted from the Harman acquisition.
b. Determine the amount of goodwill impairment loss that Pesky should recognize at the end of 2021, if any.
c. If an impairment loss is required, prepare the journal entry to record the loss.
Answers
Answer:
Explanation:
Calculation of Goodwill -
$ in Million $ in Million
Consideration given $ 590
Less: F.V of Harman's net assets
Assets
631
Less: F.V of Liabilities
(169) (462)
Goodwill on acquisition $ 128
2. The impairment loss Pesky would recognize at the end of year 2021 is $ 68 million , since the book value of the net assets exceeds its fair value.
Calculation :-
$ in million $ in million
Goodwill 128
Less Implied value of goodwill
F.V of Harman's, Inc
570
F.V of Harman's net assets (excluding Goodwill)
(510) (60)
Impairment Loss $ 68
3. Journal entry to record loss:
Dr Cr
Loss on impairment of goodwill Dr $ 68 million
Goodwill
$ 68 million
(To record the impairment loss
What are the characteristics of Insurance contract
Answers
Answer:
Characteristic features of an Insurance Contract
Insurable interest. A person can enter into a contract of insurance only when he has some insurable interest on the life or property which is insured.
Contract of 'Uberrimae fidei' or Contract of Utmost good faith
1:Indemni0
2: Mitigation of Loss
3: Causa proxima
4: Subrogation
5: Contribution
6: Re-insurance
Hope this helps Have a good day
During the assessment phase of networking, it’s best to be specific about your business _______.
Doing some research on the key players will help you make the most of business _______ or _______.
Chatting with other people at parties or meetings is a great way to make _______.
When out networking people in _______ naturally gravitate to others.
Based on what you've read, respond to the following.
List two of the qualities that help form a strong foundation for business relationships.
What are two important stages in making business connections?
Answers
1. During the assessment phase of networking, it is best to be specific about your business objectives.
2. Doing some research on the key players will help you make the most of business contacts or opportunities.
3. Chatting with other people at parties or meetings is a great way to make connections.
4. When out networking, people naturally gravitate to others.
Business relationships are an essential aspect of all types of business enterprises, whether large or small. Developing good relationships is vital to the success of any business. Two qualities that help form a strong foundation for business relationships are trust and reliability. These two qualities help establish a sense of honesty, transparency, and consistency in business practices.
Trust and reliability are vital components of business relationships because it creates a safe and comfortable environment for business partners to communicate freely, share ideas, and brainstorm on how to grow the business together. In addition, it provides an avenue for open discussions and sharing of constructive feedback that will help businesses identify areas of improvement.
The two most important stages in making business connections are networking and relationship building. Networking is a critical stage in business development because it enables businesses to build a vast array of contacts that they can leverage to grow their business. Relationship building, on the other hand, focuses on building trust and nurturing relationships with clients, partners, and other stakeholders.
This stage requires a long-term commitment and entails consistent communication and transparency to establish a sense of mutual trust and respect. To conclude, strong business relationships are essential to the success of any business. Building such relationships takes time and effort. Trust and reliability are crucial elements that can help establish a strong foundation for business relationships. Networking and relationship building are two vital stages in making business connections, and they require commitment, time, and effort.
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Mr. Wiley owns a couple of houses. He lives in the better one. The other house he rents to the Jones family for $20,000 per year. By renting the newer and better house in which he chose to live, he could earn $35,000. Given this information, what would be the contribution of these two houses to U.S. GDP
Answers
Answer:
20,000
Explanation:
Only rented house is counted as per gdp
Okay favorite Haikyuu character GO!
Answers
can’t choose one ah
Answer:
It's either Iwaizumi or suna- or kenma
Explanation:
JASEISJJEUDJ IT'S HARD TO PICK
QS 3-8 (static) accumulated depreciation calculations adjustments LO P1
Answers
Prior to being subtracted from the related assets on the assets side of the balance sheet, the amount of depreciation will first be shown as an expense on the debit side of the profit and loss account.
What is the journal entry for accumulated depreciation?A journal entry for accumulated depreciation is one made at the end of the year to add the current year's depreciation expense to the account already in existence for accumulated depreciation.
A journal entry used to reflect depreciation expense is called an adjusting entry. It is made at the end of a period to reflect the expense on the income statement and the decline in the fixed asset's value on the balance sheet. Depreciation expense is typically debited and accumulated depreciation is credited in this entry.
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What role does the government play in the economy’s circular flow ?
Answers
When picking an order at Amazon what should I do with perfume
Answers
How does competition affect businesses in a positive way?
Answers
Competition in business can affect businesses in a positive way. Competition is the rivalry that exists between businesses that provide the same products or services to the same target market. It can be a positive force that spurs businesses to improve their services and products and to come up with innovative ideas.
Here are some of the positive effects that competition can have on businesses:
Increased innovation: The competition encourages businesses to come up with new and innovative products or services to attract more customers. For example, the rivalry between Apple and Samsung has resulted in the development of better smartphones with more advanced features. As a result, consumers get access to the latest technology.
Improved quality: Competition can motivate businesses to produce high-quality products or services to meet the needs of their customers. If one company raises the bar by providing superior quality, other companies are forced to follow suit to keep up. This benefits consumers as they get access to high-quality products and services.
Lower prices: When businesses compete, they are forced to lower their prices to attract more customers. This benefits consumers who can purchase products and services at a lower price.
Increased customer service: Competition can result in businesses improving their customer service to retain their customers and attract new ones. Businesses that provide excellent customer service can gain a competitive advantage over their rivals. As a result, customers receive better service, which enhances their overall experience.
Increased efficiency: Competition can encourage businesses to streamline their operations to improve efficiency and reduce costs. This, in turn, can result in increased profits, which can be passed on to customers in the form of lower prices.
In conclusion, competition in business can have many positive effects. It can lead to increased innovation, improved quality, lower prices, increased customer service, and increased efficiency.
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Suppose Simone is a sports fan and buys only baseball caps. Simone deposits $2,000 in a bank account that pays an annual nominal interest rate of 10%. Assume this interest rate is fixed—that is, it won't change over time. At the time of her deposit, a baseball cap is priced at $10.00.
Initially, the purchasing power of Simone's $2,000 deposit is baseball caps.
For each of the annual inflation rates given in the following table, first determine the new price of a baseball cap, assuming it rises at the rate of inflation. Then enter the corresponding purchasing power of Simone's deposit after one year in the first row of the table for each inflation rate. Finally, enter the value for the real interest rate at each of the given inflation rates.
Hint: Round your answers in the first row down to the nearest baseball cap. For example, if you find that the deposit will cover 20.7 baseball caps, you would round the purchasing power down to 20 baseball caps under the assumption that Simone will not buy seven-tenths of a baseball cap.
Annual Inflation Rate
0%
10%
13%
Number of Caps Simone Can Purchase after One Year Real Interest Rate When the rate of inflation is less than the interest rate on Simone deposit, the purchasing power of her deposit (Rises,falls or remains the same )over the course of the year.
Answers
The nominal interest rate and real interest rate are same. This is due to the fact that the rate of inflation is the only distinction between the real interest rate and the nominal interest rate. Because there is no inflation, both the nominal and real interest rates are the same.
when interest rates are higher than inflation rates?When the interest rate on a loan is 2 percent and inflation is 3 percent, the lender's after-inflation return is less than zero. As a result, we state that the real interest rate—defined as the nominal rate less the rate of inflation—is negative.
Why do nominal interest rates go up as inflation goes up?This is due to the fact that inflation reduces the actual worth of the money that will be returned at the conclusion of the loan period, causing the real (inflation-adjusted) rate of interest to be lower than the nominal rate.
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Vernon Medical Clinic has budgeted the following cash flows.
January February March
Cash receipts $ 117,000 $ 123,000 $ 143,000
Cash payments
For inventory purchases 98,500 80,500 93,500
For S&A expenses 39,500 40,500 35,500
Vernon Medical had a cash balance of $16,500 on January 1. The company desires to maintain a cash balance of $10,000. Funds are assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the interest rate is 3 percent per month. Repayments may be made in any amount available. Vernon pays its vendors on the last day of the month also. The company had a monthly $40,000 beginning balance in its line of credit liability account from this year’s quarterly results.
Answers
The journal entries for Vernon Medical Clinic is given below:
The Journal EntriesCash Budget January February March
Cash receipts
Beginning cash balance 16500 10300 10000
cash receipts 117000 123000 143000
Total cash available [1] 133500 133300 153000
Cash payments
For inventory purchases 98500 80500 93500
For S & A Expenses 39500 40500 35500
Interest expense 40000*3%=1200 56000*3%=1680 55380*3%= 1661
Total budgeted disbursements [2] 139200 122680 130661
Excess of receipts over disbursement [1-2] -5700 10620 22339
Financing activities
Borrowing /(repayment) 16000 (620) (12339)
Ending cash balance 10300 10000 10000
Working note:
a)For month of January,Amount borrowed = Desired ending balance - Excess of receipts over disbursement
= 10000 - (-5700)
= 10000 +5700
= 15700 (rounded to nearest 16000)
Since the amount is borrowed in increments of 1000 ,amount borrowed is nearest to 16000
b)Amount financed at end of January = 40000 (beginning ) +16000 additional borrowing = 56000
c)Amount financed at end of February = 56000 (beginning ) -620 repatyment= 55380
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What notation, if any, is made in a formal business letter that contains additional documents in the envelope?
“More”
“Enc.” or “Att.”
“Add plus 1”
None of the above
Answers
Answer:
The notation that is made in a formal business letter that contains additional documents in the envelope is:
“Enc.” or “Att.”
Explanation:
"Enc." means "Enclosures," while "Att." means "Attention." These notations draw the attention of the letter recipient to the fact that there are other documents that may be accompanying the business letter. The plural form of the word "Enclosures" is regularly used with the number of enclosures indicated. But if it is one document, then the word "Enclosure" is preferred, indicating that the document is not more than one. When "Attention" or "Att." is used, the documents are listed.