Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

1. All of the following are anticipated effects of proposed project. Which of these must be included in initial project cash flow related to net working capital?

i.An inventory decrease of $5,000
ii.An increase in accounts receivable of $1,500
iii.An increase in fixed assets of $7,600
iv.A decrease in accounts payable of $2,100
a. i and ii only
b. i and iii only
c. ii and iv only
d. i, iiand iv only
e. i,ii,iii and iv

2. Marshall's & Co. bought corner lot in Eglon City five years ago at cost of $640,000. Lot was currently appraised at $810,000. At the time of purchase, company spent $50,000 to grade lot and another $4,000 to build a small building on lot to house parking lot attendant who has overseen use of lot for daily commuter parking. Company now wishes to build new retail store on site. Building cost is evaluated at $1.2 million. What amount must be used as initial cash flow for this building project?

a. $1,200,000
b. $1,840,000
c. $1,890,000
d. $2,010,000
e. $2,060,000

3. Walks Softly, Inc. sells customized shoes. Presently, it sells 10,000 pairs of shoes annually at average price of $68 a pair. It is thinking of adding lower-priced line of shoes which sell for $49 a pair. Walks Softly estimates it can sell 5,000 pairs of lower-priced shoes but will sell 1,000 less pairs of higher-priced shoes by doing so. Compute amount of sales that muts be used when estimating addition of lower-priced shoes?

a. $177,000
b. $245,000
c. $313,000
d. $789,000
e. $857,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M920777

Have any Question? 


Related Questions in Accounting Basics

A are the amounts at which fixed assets are reported in the

A. Are the amounts at which fixed assets are reported in the balance sheet their approximate market values as of the balance sheet date? Discuss. B. (a) Under what conditions is the use of an accelerated depreciation met ...

Problem 1 - on may 1 2014 abc corporation purchased

Problem 1 - On May 1, 2014, ABC Corporation purchased equipment for $60,000 by issuing a one-year, 4% note payable, with interest to be paid at maturity on May 1, 2015. The company routinely depreciates its equipment ove ...

Management accounting with a strategic perspective

Management Accounting with a Strategic Perspective Assignment- Scenario - You are a management accountant at Mirror Tools Limited (Mirror Tools) and report to Marshall Singh, who is the chief financial officer. Mirror To ...

Assume that a client has a recurring late cutoff error

Assume that a client has a recurring late cutoff error. Prior- year sales included $10 million of current-year sales, and current- year sales include $12 million of next year sales. a. What is the misstatement under the ...

Instructionchapters 1 2 3 4your assignment must be planned

Instruction:. Chapters: 1, 2, 3, 4 Your assignment must be planned, organized, typed properly, no hand written assignment will be accepted. Use pdf file to send your assignment. Please note that this assignment is an exc ...

1 do you believe economic principles like competition apply

1. Do you believe economic principles like competition apply in both private and public organizations? 2. Are there other public functions that might benefit from more competition, including competition from private firm ...

Problem -a firm is considering the purchase of one machine

Problem - A firm is considering the purchase of ONE machine (i.e., A and B are mutually exclusive). Machine A will cost $40,000, generate sales of $20,000 per year for 5 years and have annual costs of $7,500.  Machine B ...

Multiple choice1 which of the following statements is

MULTIPLE CHOICE 1) Which of the following statements is CORRECT? a. One of the advantages of the corporate form of organization is that it avoids double taxation. b. It is easier to transfer one's ownership interest in a ...

Accounting for business decisions group assignment the

Accounting for Business Decisions Group Assignment The assignment will require the group to undertake research using the website of the Australian Stock Exchange (ASX) and/or the Company whose industry is Food, Beverage ...

Accounting questionrecent news stories have clearly

Accounting Question: Recent news stories have clearly established that there are increasing instances of cyber-crime that are plaguing major corporations and financial institutions. These crimes have taken many forms, su ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate