Answer: The debit column of the trial balance was overstated.
Explanation: from the question, the asset purchased with a value of $18,950 was overstated in the asset asset account.
On the purchase of the asset, the asset account is to be debited and accounts payable account is to be credited and not debited. So the debit side of the trial balance was overstated by $18,950 * 2 = $37,900.
Answer: He should decline production of the machine.
Explanation:
Analyzing the problem, we can determine if he should proceed or not by calculating the Net present value. That is present value of the machine in terms of perpetuity as it will be used forever and the cost incurred in its production.
Given the following ;
To manufacture $200 = 1 year, meaning
Amount or yearly payment = $200
Cost of machine = $2,000
Interest rate(r) = 11.5% = 0.115
Recall;
Present the value if perpetuity ;
(Payment per period ÷ rate)
= $200 ÷ 0.115 = $1739.13
Net present value = $1,739.13 - $2000 = - 260.87
Given the negative value of NPV, the cost outweighs the benefit, hence, he should decline.
Some examples of a content management system (CMS) are:
- WordPress,
- Joomla,
- Drupal,
- Wix,
- Ghost.
<h3>What is
content management system?</h3>
This refers to the software that helps users create, manage, and modify content on a website without having to code.
Hence, we can see that Some examples of a content management system (CMS) are:
- WordPress,
- Joomla,
- Drupal,
- Wix,
- Ghost.
Read more about content management system here:
brainly.com/question/15077884
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Answer:
$1,290,000
Explanation:
Given that,
Cash flow to creditors = -$85,000
Cash flow to stockholders = $170,000
Firm’s net capital spending for 2018 = $1,250,000
Firm reduced its net working capital investment by $45,000
Cash Flow from Assets:
= Cash Flow to Creditor + Cash Flow to Stockholders
= -$85,000 + $170,000
= $85,000
Cash Flow from Assets = OCF - Net Capital Spending - Change in Net Working Capital
$85,000 = OCF - $1,250,000 - (-$45,000)
OCF = $85,000 + $1,250,000 - $45,000
= $1,290,000
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