Examine the values for depreciation in 2014 and net fixed assets in 2013 and 2014. What was Fincorp gross investment in plant and equipment during 2014?

Answers

Answer 1

Answer:

Answer:

This question is not complete.It is missing statement of profit or loss and balance sheet for both years,however find attached missing details.

The value of depreciation as shown by the statement of profit or loss in the year 2013 is $500 while that of 2014 is $520,the increase by $200 in 2014 is due to plant and equipment acquired in the year.

The gross investment in plant and equipment in 2014 is $1320

Explanation:

The gross investment is computed thus

=fixed asset in 2014-fixed asset in 2013+depreciation of 2014

Fixed asset in 2014=$5800

Fixed asset in 2013=$5000

depreciation in 2014=$520

gross investment=$5800-$5000+$520

=$1320

Answer 2

Answer:

Answer:

what do u mean

Explanation:

2014 and 2013, they will both be dif. and its incomplete

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Assume that product Alpha and product Beta are both priced at $1 per unit and that Ellie has $20 to spend on Alpha and Beta. She buys 8 units of Alpha and 12 units of Beta. The marginal utility of Alpha is 40 and the marginal utility of Beta is 20. This indicates that: A.Ellie should make no change in consumption
B.Given another dollar, Ellie should buy an additional unit of Beta
C.In order to maximize utility, Ellie should buy more of Beta and less of Alpha
D.In order to maximize utility, Ellie should buy more of Alpha and less of Beta

Answers

Answer:

D) In order to maximize utility, Ellie should buy more of Alpha and less of Beta

pencer Co. has a $450 petty cash fund. At the end of the first month the accumulated receipts represent $68 for delivery expenses, $227 for merchandise inventory, and $37 for miscellaneous expenses. The fund has a balance of $118. The journal entry to record the reimbursement of the account includes a:

Answers

Answer:

Credit to cash for $332

Explanation:

The information above is broken down as;

Petty cash fund = $450

Accumulated receipts for delivery expenses = $68

Merchandise inventory = $227

Miscellaneous expenses = $37

Fund balance = $118

Hence;

The journal entry to record the reimbursement of the account is;

Delivery expenses account Dr. $68

Merchandise inventory account Dr $227

Miscellaneous expenses account Dr $37

To Cash account Cr $332

(Being the recording of cash reimbursement)

data related to the inventories of alpine ski equipment and supplis is presented below 180000 the inventory of skis would be valued at

Answers

Answer:

$128,000

Explanation:

The computation of inventory of skis is shown below:-

NRV = Selling price - Sales commission

= $180,000 - ($180,000 × 10%)

= $180,000 - $18,000

= $162,000

Cost = $128,000

The cost which is $128,000 lower than $162,000 NRV

So, Inventory of Skis will be $128,000 which is Lower of cost or NRV

Therefore the correct answer is $128,000

John and Sally Claussen are considering the purchase of a hardware store from John Duggan. The Claussens anticipate that the store will generate cash flows of $70,000 per year for 20 years. At the end of 20 years, they intend to sell the store for an estimated $400,000. The Claussens will finance the investment with a variable rate mortgage. Interest rates will increase twice during the 20-year life of the mortgage. Accordingly, the Claussens’ desired rate of return on this investment varies as follows: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)Years 1-5: 7%Years 6-10: 10%
Years 11-20: 12%
Required: What is the maximum amount the Claussens should pay John Duggan for the hardware store?

Answers

Answer:

Explanation:

Calculate maximum that should pay:

Compute present value of cash flows from the store, year 1 to 5:

Annual cash flows are $70,000

Desired rate of return on investment for 1 to 5 years is 7%

Number of years is 5

Present value of cash flows generated during 1 to 5 years =

= $287,013.82

Compute present value of cash flows from the store for years 6 to 10

Annual cash flows are $70,000

Desired rate of return on investment for 6 to 10 years is 10%

Desired rate of return on investment for 1 to 5 years is 7%

Number of years is 5

Present value of cash flows generated during 6 to 10 years = annual cash flows x PVIFA (10%,5) x PVIF (7%,5)

= $70,000 x 3.79079 x 0.7130 = $189,198.33

Compute present value of cash flows from the store for years 11 o 20

Annual cash flows are $70,000

Desired rate of return on investment for 11 to 20 years is 12%

Desired rate of return on investment for 6 to 10 years is 10%

Desired rate of return on investment for 1 to 5 years is 7%

Number of years is 10

Present value of cash flows generated during 11 to 20 years = [annual cash flows x PVIFA (12%,10)] x PVIF (10%,5) x PVIF (7%,5)

= $70,000 x 5.65022 x 0.62092 x 0.7130 = $175,100.98

Calculate present value of estimated sale amount to be received for sale of store

Present value of estimted sale amount to be received = [Estimated sale amount x PVIF (12%,10)] x PVIF (10%,5) x PVIF (7%,5)

=$400,000 x 0.32197 x 0.62092 x 0.7130=

=$57,016.50

Calculate total maximum amount that should be paid

Particulars Amount ($)

Present value of cash flows during 1 to 5 years $287,013.82

Present value of cash flows during 6 to 10 years $189,198.33

Present value of cash flows during 11 to 20 years $175,100.98

Present value of estimated sale value $57,016.50

Maximum amount that C should pay to JD for store $708,329.63

Therefore, Maximum amount that should be paid $708,329.63

Firm B has a 12% ROE. Other things held constant, what would its expected growth rate be if it paid out 25% of its earnings as dividends?

Answers

Answer:

the expected growth rate is 9%

Explanation:

The computation of the expected growth rate is shown below:

As we know that

Retention ratio = (1 - dividend payout ratio)

So,

Retention ratio = (1 -0.25) = 0.75

Now

Growth rate = Retention ratio × ROE

= 0.75 × 12

= 9%

hence, the expected growth rate is 9%

We simply applied the above formula so that the correct value could come

And, the same is to be considered

On January 1, Song Corp. receives a $100,000, two-year, note receivable from a customer in exchange for payment of goods. The note has a 12% effective interest rate. On December 31, when Song records interest for the year, Song will record