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Question - Jane Summers has just inherited $600,000 from her mother's estate. She is considering investing part of these funds in a small catering business. She would need to purchase a delivery van and various equipment costing $100,000 to equip the business and another $50,000 for inventories and other working capital needs. Rent on the building used by the business will be $24,000 per year. Jane's marketing studies indicate that the annual cash inflow from the business will amount to $90,000. In addition to the building rent, other annual cash outflows for operating costs will amount to $30,000. Jane wants to operate the catering business for only six years. She estimates that the equipment could be sold at that time for about 10% of its original cost. Jane's required rate of return is 16%. Compute the net present value of this investment.
Assume that there is sufficient capital to fund only one of the projects. Determine which project should be selected, comparing the (a) net present values
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Purchased $5,000 in Merchandise Inventory from Supplier "A"; terms 2/20, n/30, FOB Shipping Point. Prepare journal entries assuming perpetual inventory system
1.one goal of managerial accounting is to a help investors decide whether they should invest in the company. b help
The Financial Accounting Standards Board (FASB) is a private organization established to improve accounting standards and financial reporting.
Fixed costs of $20,000 per year are currently allocated evenly between both products. If the product sales mix were to change, total fixed costs would remain at $20,000 per year. Assuming everything produced for either product can be sold, how m..
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Compute the VAT payable of export and domestic sales and purchases separately. Purchases from VAT suppliers of goods sold in the Philippines 55,000
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