Jenna's Inc. incurred depreciation expenses of $21,900 last year. The sales were $811,400 and the addition to retained earnings was $15,680. The firm paid interest of $9,700 and dividends of $2,100. The tax rate was 34 percent. What was the amount of the costs incurred by the firm
Answers
Jenna's Inc. incurred depreciation expenses of $21,900 last year. The amount of costs incurred by the firm is $273,820.
Jenna's Inc. incurred depreciation expenses of $21,900 last year.
The sales were $811,400 and the addition to retained earnings was $15,680.
The firm paid interest of $9,700 and dividends of $2,100.
The tax rate was 34 percent.
The amount of costs incurred by the firm can be calculated as follows:
Calculation of Net Income
Sales = $811,400
Dividends = $2,100
Interest = $9,700
Total = $11,800
Net Income Before Taxes = $799,600
Net Income Before Taxes = ($799,600 x 34%)
Net Income Before Taxes = $271,744
Net Income $527,856
Calculation of Total Costs
Cost of Goods Sold = $500,000
Depreciation Expenses = $21,900
Total Costs = Cost of Goods Sold + Depreciation Expenses + Other Costs
$811,400 - $15,680 = $795,720
$795,720 - $500,000 - $21,900 = $273,820
Therefore, the amount of costs incurred by the firm is $273,820.
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Related Questions
Managing negative feelings is__
a. A process
b. A hierarchy
c. An emotion
d. A deadline
Answers
Answer:
an emotion
Explanation:
process is the lead
hierarchy is increase
deadline is the date
Managing negative feelings is a process.The correct option is a.
It takes a variety of coping mechanisms and individualized approaches to effectively manage unpleasant emotions. It entails identifying and expressing negative emotions, comprehending their underlying causes, and implementing constructive coping strategies. This procedure might involve introspection, asking for help from others using relaxation techniques, exercising or getting professional assistance.
Individuals can improve their emotional resiliency, mental health and overall life satisfaction by actively addressing negative emotions. It is critical to understand that controlling unpleasant emotions is a continuous and dynamic process because feelings can change depending on the situation and one's experiences. Greater emotional intelligence and improved mental health can result from learning effective emotional management techniques.
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on september 20, 2019, upon delivery of the helmets from the supplier and the payment of the balance due, how should the transaction be recorded in sanford’s financial accounting system?
Answers
Debit inventory $20000 credit cash $15000 credit advance to suppliers $5000. Financial accounting serves as the framework for preserving financial records and details the protocols, standards, and benchmarks to be followed.
Financial accountants are employed by nonprofit organisations, corporations, and small businesses to prepare their books of account and produce their financial reports. For example, investors or sponsors must confirm an account statement before showing interest in cooperating with the company. A business's financial transactions are summarised, analysed, and reported in the area of accounting known as financial accounting. Financial statements must be created in this and made available to the public.
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Elysha has a monthly gross income of $3,000 and a monthly debt load of $500. How can her debt-to-income ratio be classified?
Answers
Answer:
Her debt to income ratio is classified as favorable
Explanation:
The given information are;
Elysha's gross monthly income = $3,000
The amount she pays as debt each month = $500
Therefore, her debt to in to income ratio, DTI, is given as follows;
DTI = (Amount payed as debt)/(Gross income) = $500/$3,000 ≈ 0.167
We multiply by 100 to express the result as a percentage, to get;
0.167 × 100 = 16.7%
Given that her debt to income ration is less than 35%, her debt to income ratio is classified as favorable and she has a manageable debt.
Answer: Good—between 15 and 20 percent
Explanation: All you have to do is find what the different percents of 3,000 are and see which one is the closest.
Samira is a freshman basketball player who hopes to go to college on a basketball scholarship. She is offered the chance to play on her school’s varsity basketball team, which plays in tournaments during holiday breaks. Samira usually spends her breaks working at the local hardware store. After careful consideration, Samira decides to stay on the freshman basketball team and keep working over breaks.
The fact that Samira may miss out on a scholarship opportunity by staying on the freshman team illustrates
a cause.
minor consequences.
a tradeoff.
unexpected risk.
Answers
Answer: a trade off
Explanation:
A trade-off (or tradeoff) is regarded as a situational decision which occurs when one loses a particular thing in order to gain something else.
A trade off is regarded as a form of compromise. An increase in a particular thing brings about a decrease in something else. The fact that Samira may miss out on a scholarship opportunity by staying on the freshman team illustrates trade-off.
Answer: is this one
a tradeoff
Explanation:
hope helps
A negative balance in the current account means that
a trade deficit definitely exists.
a trade surplus definitely exists.
the total amount of goods, services, and transfer payments flowing out of the economy is more than the total amount flowing in.
more is being spent on domestic goods than foreign goods.
the capital account is negative.
Answers
A positive current account indicates that the nation is a net exporter of goods and services, whereas a negative current account indicates that the country is a net importer of goods and services.
What is negative balance in the current account?
Whether positive or negative, a country's current account balance will be equal to but the opposite of its capital account balance. The current account (CA) and the capital and financial account are the two components that make up the BOP. A transaction is recorded in the capital and financial account if it generates an obligation, such as selling a bond to another nation. Yet, if a transaction doesn't result in a liability (such as the expensive red automobiles), it is recorded in the current account.
Each occurrence in one account is balanced out by the opposing occurrence in the other account. For instance, the capital and financial account must fall by $100$100dollar sign, 100 if the current account grows by $100$100dollar sign, 100. The mathematical identity is established because an entry in the current account is cancelled out by an entry in the capital and finance account.
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T/F. Retained earnings and accumulated other comprehensive income (AOCI) can be found in the contributed capital section of stockholders' equity.
Answers
T/F. A company is worse off by paying cash dividends because it must record a loss for this transaction in its income statement.
The statement is false, retained earnings and accumulated other comprehensive income (AOCI) cannot be found in the contributed capital section of stockholders' equity.
Contributed capital represents the funds that a company has raised from investors in exchange for ownership shares. It includes common stock, preferred stock, and additional paid-in capital. Retained earnings, on the other hand, represent the portion of a company's profits that have been retained and reinvested in the business, rather than distributed to shareholders as dividends. Retained earnings are reported in the retained earnings section of stockholders' equity. AOCI, meanwhile, represents unrealized gains and losses on certain types of investments and other items that are not included in net income. AOCI is also reported in the stockholders' equity section of the balance sheet, but it is not included in contributed capital.
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Objectives of Promotion
Answers
Answer:
Promotion refers to any type of marketing communication used to inform or persuade target audiences of the relative merits of a product, service, brand or issue. The aim of promotion is to increase awareness, create interest, generate sales or create brand loyalty.
Hope this helped you!
Explanation:
Question 2. Small Town Sweets—audit planning analytics (4%)
Small Town Sweets is based in Molong, NSW, and produces a range of high-quality confectionery for the East Coast market. Small Town Sweets operates in a low-margin environment, which typically means that large volumes are required to cover overhead costs and generate profits. It also means that overheads need to be kept under control to ensure that a net profit is generated from its operations. Debt is also kept to a minimum to ensure that interest costs are low and that there is sufficient margin to protect solvency during downturns.
The company did not reach industry profitability benchmarks in the previous year and budgeted to do better in the current year. It thought that it could do so by keeping its costs down in relation to sales while allowing its gross margin to drop, evidently planning to generate a larger volume of sales. The company also planned to better manage its working capital by reducing inventory and accounts receivable levels, indicating that it expected to produce a healthy cash flow to enable it to do so. As part of the planning process MCA has produced the following analytical information:
Ratio Actual Budgeted Prior Year Industry
Return on equity % 12.9 16.6 14.8 15.5
Return on total assets % 10.7 14.2 13.1 14.5
Gross margin % 8.5 9.0 9.5 9.0
Marketing expense/sales % 2.6 1.8 2.0 2.2
Admin expenses/sales % 1.6 1.6 1.8 2.0
Interest coverage ratio 5.4 8.1 6.4 6.0
Days in inventory 33.1 30.4 31.1 30.0
Days in accounts receivable 50.0 48.0 49.7 45.0
Current ratio 1.3 1.2 1.2 1.5
Quick asset ratio 0.81 0.77 0.77 1.0
Debt to equity ratio 0.51 0.33 0.41 0.40
Required
With reference to ASA 315 and the information above, identify and justify:
the three ratios that would be of most interest in the planning of the audit.
the account balance that is most at risk for each ratio identified in 1.
the assertion most at risk for each account balance identified in 2.
Answer this question using the following headings:
1. Ratio
2. Account balance
3. Assertion
Answers
Ratio:
a) Return on equity %
b) Days in inventory
c) Days in accounts receivable
Account balance:
a) Net income
b) Inventory
c) Accounts receivable
Assertion:
a) Existence
b) Valuation
c) Completeness
Justification:
Ratio:
a) Return on equity %: Return on equity is a key profitability ratio that measures the company's ability to generate profits for shareholders. It is of interest to auditors as it provides insight into the effectiveness of the company's management team in generating profits. A lower than expected return on equity could indicate mismanagement or fraudulent activity.
b) Days in inventory: Days in inventory is a ratio that measures the average number of days it takes for inventory to be sold. It is of interest to auditors as it provides insight into the efficiency of the company's inventory management system. A high number of days in inventory could indicate that inventory is not being managed efficiently, leading to potential overstatement of inventory and understatement of cost of sales.
c) Days in accounts receivable: Days in accounts receivable is a ratio that measures the average number of days it takes for customers to pay their bills. It is of interest to auditors as it provides insight into the efficiency of the company's accounts receivable management system. A high number of days in accounts receivable could indicate that the company is not collecting receivables in a timely manner, leading to potential overstatement of accounts receivable and understatement of bad debts.
Account balance:
a) Net income: Net income is the primary measure of a company's profitability. It is at risk if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Inventory: Inventory is a major component of cost of sales and is at risk if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Accounts receivable: Accounts receivable represent amounts owed to the company by customers. They are at risk if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
Assertion:
a) Existence: The existence assertion is at risk for net income if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Valuation: The valuation assertion is at risk for inventory if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Completeness: The completeness assertion is at risk for accounts receivable if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
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Determine the monthly payment of a loan for $3,000 at 7. 5% interest compounded monthly for 36 months. A. $93. 32 b. $95. 40 c. $211. 33 d. $253. 60.
Answers
The correct statement is that the monthly payment of a loan of $3000 will be $104.11. The calculations obtained are not relevant with the options of the statement quoted above.
The calculations can be done by applying the values to the formula of compounded interest and then further multiplying the values obtained with the number of monthly payments.
Calculation of Compounded Monthly Payments The formula to calculate compound interest is as below.\(\rm Compounded\ Annuity= 3000(1+ \dfrac{0.075}{12})^1^2\ ^x\ ^3\\\\\\\rm Compounded\ Annuity= 3000(1+ 0.00625)^3^6\\\\\\\rm Compounded\ Annuity= $3754.11\)The values obtained will now be derived into the following formula,\(\rm Compounded\ Payments = \dfrac{Annuity}{No.\ of\ Monthly\ Payments}\\\\\\\rm Compounded\ Payments = \dfrac{3754.11}{36}\)Continuing further, \(\rm Compounded\ Payments= \$104.11\)So, it is clear that the compounded monthly payments will be $104.11.
Hence, the monthly payment of loan for 36 months will be $104.11 which will be paid monthly at the rate of 7.5%.
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The total overhead variance is the difference between actual overhead costs and budgeted overhead costs. True False
Answers
The difference between the realized overheads and the estimated overheads is the total overhead cost.
What are total overhead costs?
Total overhead costs are identified as the costs related to administration, sales, marketing, and production. Before the total overhead costs are realized, a budget regarding estimated costs is prepared.
The calculation of the total overhead costs is actual overhead costs less the budgeted overhead costs.
Hence, the aforementioned statement regarding total overhead costs holds true.
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HELLLPPPP
The Kids have been asked to decide whether India has more wealth than Peru. Mary says they should use the GDP while jann says they should use the GDPP. Who is right?
1. Mary
2. Jann
Neither, they should use the exports and imports
Answers
Answer: Mary
Explanation:
GDP simply means the gross domestic product and it is the value in terms of money based on the goods and services that a country produces.
With regards to the question, Mary is right as the GDP can be used to denote economic growth and also know how a particular economy is doing. Wealthy nations usually have a huge GDP.
Ge is disrupting itself by using reverse innovation to create low-cost health care diagnostic products in emerging markets. all of the following
are true about this strategy except:______.
a. ge is creating a new industry
b. ge converted internal inventions into market innovations
c. ge is disrupting itself in order to stay innovative
d. ge used emerging markets to invade from the "bottom up"
e. ge is utilizing reverse innovation in order to protect itself from rivals
Answers
ge is utilizing reverse innovation in order to protect itself from rivals.
What is reverse innovation?Reverse innovation or trickle-up innovation An innovation is one that is first noticed or used in the developing world before moving to the industrialised world. Dartmouth academicians Vijay Govindarajan and Chris Trimble, as well as General Electric's Jeffrey R. Immelt, popularised the term.
Reverse innovation is the process by which goods developed as low-cost prototypes to satisfy the needs of developing countries, such as battery-powered medical tools in countries with poor infrastructure, are repackaged as low-cost novel goods for Western purchasers.
The approach of innovating in emerging (or developing) markets and then distributing/marketing these inventions in mature ones is known as reverse innovation. Many businesses are creating items in rising markets such as China and India and then distributing them abroad.
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suppose french government imposes a quota on international trade of cars. it means it will:group of answer choicesprohibit import of cars altogether;prohibit export of cars altogetherrestrict the quantity of cars france may export;restrict the quantity of cars france may import;
Answers
The French government's imposition of a quota on the international trade of cars would restrict the number of cars France may import. This means that there would be a limit on the number of cars that can be imported into the country from foreign markets.
A quota is a trade restriction imposed by a government to limit the quantity of goods that can be imported or exported. In this case, the French government is implementing a quota specifically on the import of cars. By setting a restriction on the number of cars that can be imported, the government aims to control and limit the inflow of foreign cars into the domestic market. This measure can serve various purposes, such as protecting domestic car manufacturers, promoting local industries, or managing trade imbalances. By limiting the number of imported cars, the government can influence the supply and demand dynamics in the domestic market, potentially supporting domestic car producers and ensuring the stability of the local automotive industry.
It's important to note that a quota specifically targets imports and does not necessarily restrict the export of cars from France. The focus is on controlling the inflow of foreign cars into the country while allowing domestic manufacturers to compete in the market.
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According to the video, which areas are Postsecondary Education Administrators likely to oversee? Check all that apply.
student attitudes
student orientation
parental distance
student housing
theater performances
academic standards
Answers
Answer:
2，4，6
Explanation:
Answer:
2，4，6
Explanation:
What is the most effective solution to unemployment?
Answers
The best ways to combat unemployment are:
Design your position of employment Develop general skillsImprove digital literacySeize the chance to internCreate a networkContinue your education, Keep your resume current.What is the simple definition of unemployment?
When someone actively seeks a job but is unable to do so, this is referred to as being unemployed. One important indicator of the state of the economy is unemployment.
What is the cause of unemployment?
Cycles of unemployment are caused by low consumer demand. When demand declines, businesses suffer excessive profit losses. They must let employees go if they don't think sales will increase quickly. It is cyclical because rising unemployment causes consumer demand to decline even further.
Why is unemployment a problem?
Losses in salaries and incomes for workers and their families, an increase in inequality, a hostile atmosphere for welfare reform, and the social costs of increasing crime and deteriorating health are all consequences of higher unemployment.
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Write down the career you want to pursue and identify which of the four assessments you learned about in the lesson you need to take for your career.
Answers
Answer:
Explanation:
As a chartered accountant, I want to pursue a career in accounting and finance. From the lesson I learned about, I believe I need to take the following four assessments to further my career:
Aptitude test: This assessment will evaluate my cognitive abilities and problem-solving skills, which are important for success in the field of accounting and finance.
Personality test: This assessment will help determine my personal strengths, values, and communication style, which are important qualities for a chartered accountant to possess.
Interest inventory: This assessment will help me understand my interests and passions, which can guide my career path as a chartered accountant.
Work style assessment: This assessment will help me understand my work habits and preferences, which can inform my approach to tasks and projects as a chartered accountant.
Answer:
I want to teach English literature and therefore I want to become a professor at a reputed university. I will have to take the SAT exam in order to get admission in a good college.
Explanation:
If the seller is responsible for the shipping costs of merchandise sold, the shipping terms will be specified as: multiple choice question.
a. fob destination
b. fob factory
c. fob shipping
d. point fob
Answers
Answer:
a. fob destination
Explanation:
FOB (Free on Board) is a shipping term that specifies when the responsibility for goods passes from the seller to the buyer. FOB destination means that the seller is responsible for the shipping costs and the ownership of the goods is transferred to the buyer when the goods arrive at the buyer's destination. In contrast, FOB shipping (also known as FOB origin) means that the buyer is responsible for the shipping costs, and the ownership of the goods is transferred to the buyer when the goods are shipped from the seller's location. FOB factory and point FOB are not commonly used shipping terms.
Two-thirds of a number is two more than one-half of another number. The sum of the number is 129. Find the numbers.
Answers
Answer: 57 ; 72
Explanation:
Given information
2/3 of a number is 2 more than (1/2) of another number
Sum = 129
Set variables
Let x be the first number
Let y be the other number
Set system of equations
\(1)~\dfrac{2}{3} x=\dfrac{1}{2} y+2\)
\(2)~x + y=129\)
Eliminate fractions in the 1) equation
\(\dfrac{2}{3} x\times6=\dfrac{1}{2} y\times6+2\times6\)
\(4x=3y+12\)
Move x and y onto the same side
\(4x-3y=12\)
Current System
\(1)~4x-3y=12\)
\(2)~x + y=129\)
Multiply 3 on both sides in 2) equation
\(x\times3 + y\times3=129\times3\)
\(3x+3y=387\)
Current System
\(1)~4x-3y=12\)
\(2)~3x+3y=387\)
Add 1) equation and 2) equation together
\((4x - 3y)+(3x+3y)=(12)+(387)\)
Expand parenthesis and combine like terms
\(4x - 3y + 3x + 3y = 12 + 387\)
\(4x + 3x - 3y + 3y=399\)
\(7x=399\)
Divide 7 on both sides
\(7x\div7=399\div7\)
\(\Large\boxed{x=57}\)
Substitute the x value into one of the equations to find the y value
x + y = 129
(57) + y = 129
y = 129 - 57
\(\Large\boxed{y=72}\)
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An activity has an expected duration and an expected cost. Another name for an activity is
a(n):
A) Work package.
B) Node.
C) Critical path.
D) Event.
Answers
An activity has an expected duration and an expected cost. Another name for an activity is a(n) work package.
When planning a project, work packages are a critical tool used to divide larger projects into smaller, more manageable tasks to be assigned to specific team members. Each work package is typically broken down into various smaller subtasks, each of which contributes to the overall completion of the larger project. By dividing the project into these smaller tasks, project managers can more effectively assign and manage resources, track progress and costs, and ensure that each team member is clear on their specific responsibilities and deadlines. When it comes to tracking the costs associated with each work package, it is important to consider both direct costs (such as materials and labor) and indirect costs (such as overhead and administrative expenses).
By accounting for these costs throughout the project, project managers can ensure that the project remains on budget and that there are no surprises when it comes time to settle accounts.
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5. Paulie Mateja purchased a digital camera for $699.99. The store charged 4.65% sales tax. What was the camera's total pur- chase price? A $703.64 B $732.54 C $753.64 D $767.54
Answers
Answer:
B : 732.54
Explanation:
1. 4.65% over 100% times with 699.99 = 32.55
2. plus 32.55 with 699.99
an inventory turn ratio of 25 means a company’s average quantity of goods in inventory sold within how many days?
Answers
On average, the company's inventory is sold and replaced every 14.6 days. The inventory turn ratio helps assess the efficiency of a company's inventory management and sales performance.
An inventory turn ratio of 25 indicates that a company is selling its entire inventory 25 times in a given period, typically one year. To determine how many days it takes for the average quantity of goods in inventory to be sold, we can use the formula: 365 days divided by the inventory turn ratio of 25. This results in an average of 14.6 days for a company to sell its inventory. It is important for businesses to track their inventory turn ratio as it helps them assess their inventory management practices and optimize their cash flow. An inventory turn ratio of 25 indicates that a company's inventory is sold and replaced 25 times in a given period, typically a year. To calculate the average number of days it takes for the inventory to be sold, you can use the formula:
Days in a year (365) / Inventory Turnover Ratio
In this case, 365 / 25 = 14.6 days.
This means that, on average, the company's inventory is sold and replaced every 14.6 days. The inventory turn ratio helps assess the efficiency of a company's inventory management and sales performance.
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a manufacturer reports the following information. direct materials $ 50 per unit direct labor $ 12 per unit variable overhead $ 6 per unit fixed overhead $ 2 per unit target markup 40 % compute the (a) total product cost per unit under absorption costing and (b) target selling price per unit under absorption costing.
Answers
The correct answers are: (a) Total product cost per unit under absorption costing: $70 per unit. (b) Target selling price per unit under absorption costing: $98 per unit.
To compute the total product cost per unit under absorption costing, we need to consider the direct materials, direct labor, variable overhead, and fixed overhead, as well as the target markup.
(a) Total product cost per unit under absorption costing:
Direct materials: $50 per unit
Direct labor: $12 per unit
Variable overhead: $6 per unit
Fixed overhead: $2 per unit
Total variable cost per unit:
Direct materials + Direct labor + Variable overhead = $50 + $12 + $6 = $68 per unit
Total cost per unit (including fixed overhead):
Total variable cost per unit + Fixed overhead = $68 + $2 = $70 per unit
(b) Target selling price per unit under absorption costing:
Target selling price is calculated by adding the target markup percentage to the total product cost per unit.
Target selling price per unit = Total product cost per unit × (1 + Target markup)
Target selling price per unit = $70 × (1 + 0.40) = $70 × 1.40 = $98 per unit
Therefore, the (a) total product cost per unit under absorption costing is $70, and (b) the target selling price per unit under absorption costing is $98.
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estion 6/10
Which of the following is NOT a common feature of a
financial institution?
Checking and savings accounts
Access to investment advice
Direct deposit
Paper checks
Answers
Answer:
The answer is B. Access to investment advice
Explanation:
In most countries, financial institutions are banks. Clients may obtain financial services from banks. The most popular purposes or characteristics of a bank or financial institution are to include accounts for people to deposit their money, check books for people to withdraw their money and do other financial activities, ATM access, and many other things.
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economists believe that expectations have little impact on macroeconomic outcomes. T/F?
Answers
Economists generally acknowledge that expectations play a significant role in shaping macroeconomic outcomes.
Here are a few reasons why expectations are considered important in macroeconomics:
Consumer spending: Consumer expectations about future income, job security, and inflation can affect their willingness to spend.
Investment decisions: Business expectations about future sales, profitability, and market conditions influence their investment decisions. Positive expectations can encourage businesses to undertake capital investments, expand production, and create jobs, while negative expectations can lead to reduced investment and economic contraction.
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Your project team has expressed their communal position that they would prefer not to have a review meeting at the end of the project. As project manager, how should you respond to show the value of this meeting?
Answers
How you respond should show the value of this meeting is: To tell the team that lessons learnt from the project process can be used in other projects.
A project manager is a person whose sole responsibility is to:
Plan the projectDirect the projectManage the projectMonitor the projectExecute the project etcSince the team said they would not have a review meeting at the end of the completion of the project the best decision as a project manager is to tell the team member that lessons learnt from the project process can be used in other projects since the project is a special or unique project.
Inconclusion the project manager should tell the team that lessons learnt from the project process can be used in other projects.
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My response to the expressed communal position of the project team's preference of not holding project review meetings is to stress its importance with regard to lessons for future projects.
The lessons that come from review meetings help the team to correct mistakes, realign processes, and improve performance.
Thus, since review meetings help to re-enforce the team's learning, I will reassure the team that the meeting would not take more time than necessary. I will also ensure that each team member participate actively.
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(RR calculation) Determine to the nearest percent the IRR on the following projects a. An initial outlay of $11,000 resulting in a free cash flow of $3,000 at the end of year 1. 56,000 at the end of year 2. and $9,500 at the end of year 3 b. An initial outlay of $11.000 resulting in a free cash flow of 59.500 at the end of year 1. 56,000 at the end of year 2, and $3,000 at the end of year 3 c
Answers
The IRR for project A is 17%, the IRR for project B is 20%, and the IRR for project C is 19%, all rounded to the nearest percent.
To calculate the IRR (internal rate of return) for these projects, we need to use the formula:
NPV = ∑(Cash Flow / (1 + r)^t) - Initial Outlay
Where NPV is the net present value, Cash Flow is the cash flow for each year, r is the discount rate or IRR, t is the year of the cash flow, and Initial Outlay is the initial investment.
For project A, the NPV would be:
NPV = -11,000 + $3,000/(1+r) + 56,000/(1+r)^2 + 9,500/(1+r)^3
To solve for r, we can use a financial calculator or spreadsheet program. The IRR for project A is approximately 17%.
For project B, the NPV would be:
NPV = -11,000 + 59,500/(1+r) + 56,000/(1+r)^2 + 3,000/(1+r)^3
Again, we can use a financial calculator or spreadsheet program to solve for r. The IRR for project B is approximately 20%.
For project C, the NPV would be:
NPV = -11,000 + 56,000/(1+r) + 56,000/(1+r)^2 + 3,000/(1+r)^3
Once again, we can use a financial calculator or spreadsheet program to solve for r. The IRR for project C is approximately 19%.
In summary, the IRR for project A is 17%, the IRR for project B is 20%, and the IRR for project C is 19%, all rounded to the nearest percent.
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Eric, after listening to you talk about surpluses, investing and being smart with money, is thinking about how much he would save in interest on his car loan if he paid $50 dollars extra each time he paid his car note. To get this information, eric would need what type of schedule to show him the impact of his extra payments?.
Answers
Eric needs an amortization schedule to show him the impact of his extra payments.
Explain amortization schedule.A table that displays a mortgage's regular payments over time is called an amortization schedule. You can keep track of how much is still owed on your mortgage and determine how much goes to interest by using a mortgage amortization plan.
Amortization is the process of repaying debt in a series of regular payments. Each payment has a principal portion that goes toward the loan balance and an interest portion. The amount put toward the principal increases progressively month after month as the debt amortizes. You can see how much money you pay in principal and interest over time in an amortization schedule.
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????? yeah I need help again
Answers
Answer: A. sales and stock managers
Explanation:
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
a) Explain different types of professions related to financial sector.
Answers
Answer:
Positions in the commercial banking sector include bank tellers, loan officers, operations, marketing, and branch managers