Question: 2 Dillard Company starts the year with $10,000 in its cash account, $10,000 in its equipment account, $2,000 in accumulated depreciation, and $18,000 in its retained earnings account. During the year Dillard sells the equipment for $8,570. After the sale of equipment is recorded, the retained earnings account will have a balance of $
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- The following data are given on MNL Corp. Cost of sales per annum P2,200,000Operating expenses (including depreciation Expense) 800,000The company books further reveal that MNL was able to sell an equipment amounting to P250,000 with gain of P50,000. The asset was acquired at P650,000 five year ago. How much should the corporation’s minimum cash balance be if it is to be equal to 15 days’ requirement?5. What is the average age of inventory for Patsy if it has sales of P320,000, an average inventory of P5,333, and cash conversion cycle of 20 days ? Assume that the cost of sales is 55% of Sales.Give the Correct answer of what is the right optionNet present value method: The following data are accumulated by g e d dg e s company in evaluating the purchase of $117,800 of equipment, having a four-year useful life: Net income net cash flow Year 1 $ 36,000. $ 61,000 Year 2 22,000 47,000 Year 3 11,000 35,000 Year 4. 1,000 24,000 Present value of $1 at compound interest. Year 6% 10% 2% 15% 20% 1. 0.943 0.909 0.893 0.870 0.833 2 0.890 0.826 0.797 0.756 0.694 3 0.840 0.751 0.712. 0.658 0.579 4 0.792 0.683 0.636 0.572 0.482 5 0.747 0.621 0.567 0.497 0.402 6 0.705 0.564 0.507 0.432 0.335 7 0.665 0.513 0.452 0.376 0.279 8 0.627 0.467 0.404 0.327 0.233 9 0.592 0.424 0.361 0.284 0.194 10 0.558 0.386 0.322 0.247 0.162 A. Assuming that the desired rate of return is 15%, determine the net present value for the proposal. Use…
- Thank you for checking.The following details are provided by a manufacturing company: Investment Useful life Estimated annual net cash inflows for first year Estimated annual net cash inflows for second year Estimated annual net cash inflows for next ten years Residual value Product line OA. 2.74 years OB. 6.36 years O c. 6.71 years OD. 2.24 years $1,030,000 12 years $460,000 $430,000 $190,000 $50,000 Depreciation method Straight-line 12% Required rate of return Calculate the payback period for the investment. (Round your answer to two decimal places.) ...The company has net sales revenue of $6.8 million during 2021. The company's records also included the following information: 12/31/20 $3.9 million $ 2.1 million $ 1.9 million $2.0 million Assets Property, plant and equipment Licensing agreements Goodwill Investments What is the company's fixed asset turnover ratio for 2021? Mc Multiple Choice O 1.00 17.00 1.42 2.47 12/31/21 $ 5.7 million $2.0 million $ 1.9 million $ 2.1 million
- Aluminium Manufacturing Co., income for the year 2018 and 2019 were OMR 400,000 and 600,000 respectively. The following pretax earnings are depreciation on plant and machinery every year OMR 200,000 and extraordinary gain 2019 OMR 150,000. What is the expected average future earnings. Select one: a. OMR 325,000 b. OMR 275,000 c. OMR 375,000 d. OMR 225,000please help meThe following information is related to Vaughn Company for 2020. Retained earnings balance, January 1, 2020 $1,156,400 Sales Revenue 29,500,000 Cost of goods sold 18,880,000 Interest revenue 82,600 Selling and administrative expenses 5,546,000 Write-off of goodwill 967,600 Income taxes for 2020 1,467,920 Gain on the sale of investments 129,800 Loss due to flood damage 460,200 Loss on the disposition of the wholesale division (net of tax) 519,200 Loss on operations of the wholesale division (net of tax) 106,200 Dividends declared on common stock 295,000 Dividends declared on preferred stock 94,400 Vaughn Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Vaughn sold the wholesale operations to Rogers Company. During 2020, there were 500,000 shares of common stock outstanding all year. Partially correct answer…