Answer:
c.$176,720
Explanation:
Calculation for The NPV for this project
NPV=-450,000+200,000 / (1.16)^1+225,000 / (1.16)^2+275,000 / (1.16)^3+200,000 / (1.16)^4
NPV=-450,000+172,414+167,212+176,181+110,458
NPV=176,720
Therefore The NPV for this project is closest to :176,720
Answer:
Yes, raising cattle is land intensive.
Explanation:
In the US there are fewer cowboys per acre of land than wheat farmers per acre of land.
In other countries that do not have a lot of land, generally cows are raised in feed lots and there are much more cowboys per acre of land working, as well as much more cows per acre of land.
So therefore, we can say that raising cattle is land intensive compared to farming wheat because more land is used than labor.
Answer:
The total cash receipt in the month of April amounts to $42,023
Explanation:
Total cash receipt in the month of April = March credit sales amount + April credit sale amount (25% is received) + April cash sales amount
= $29,400 × 67% + $32,900 × 25% + $14,100
= $19,698 + $8,225 + $14,100
= $42,023
Working Note:
March credit sales = March sales × 70%
= $42,000 × 70%
= $29,400
April Cash Sales = April Sales × 30%
= $47,000 × 30%
= $14,100
April Credit Sale = April Sales × 70%
= $47,000 × 70%
= $32,900
From the credit sale, 25% is received in the month of April
So,
= $32,900 × 25%
= $8,225
Answer:Production budget for 2020 =77,000 units
Explanation:
Production budget also referred to as manufacturing budget tells a business the expected units needed to be produced which depends on the sales budget in the inventories ( both closing and opening) so as to meet customers demand.
Units produced = Projected sales + desired ending inventory – beginning inventory
Units Produced/ Production budget for 2020 =87,000 + 22,000 - 32,000
= 77,000 units
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