Answer:
The answer is below
Explanation:
a. Fee paid to factory representative for installation - DEBITED to Asset account
b. Freight - DEBITED to Asset account
c. Insurance while in transit - DEBITED to Asset account
d. New parts to replace those damaged in unloading - NOT DEBITED to Asset account
To understand which costs incurred in acquiring the new printing press should be debited to the asset account, it should be noted that "new parts to replace those damaged in unloading" does not lead to improvement in assets, hence, it should be considered as Expense instead of being devoted into the asset account.
Answer:
FIFO LIFO Weighted average
Cost of goods sold 1,060 1,380 (1,060 + 1,380)/2 = $1,220
Ending inventory 1,380 1,060 (1,060 + 1,380)/2 = $1,220
Explanation:
Attached is the tabulated solutions
Answer:
The correct answer is B.
Explanation:
Giving the following information:
An investment of $115 generates after-tax cash flows of $50 in Year 1, $90 in Year 2, and $150 in Year 3.
Rate of return= 20%
To calculate the present value, we need the following formula:
NPV= -Io + ∑[Cf/(1+i)^n]
Cf= cash flow
Io= 115
Cf1= 50/ 1.20= $41.67
Cf2= 90/1.2^2= $62.5
Cf3= 150/1.2^3= $86.81
NPV= -115 + (41.67 + 62.5 + 86.81)
NPV= $75.98
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