Tim purchased a bounce house one year ago for $6,500. During the year it generated $4,000 in cash flow. If Time sells the bounce house today, he could receive $6,100 for it. What would be his rate of return under these conditions?
What will be an ideal response?
Realized return = = 55.38%
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At the end of the accounting period, the correct entry in the general journal to adjust for ending inventory is to
a. debit Merchandise Inventory and credit Unearned Revenue. b. debit Income Summary and credit Merchandise Inventory. c. debit Merchandise Inventory and credit Income Summary. d. debit Other Revenue and credit Income Summary.
Sheddon Industries produces two products. The products' identified costs are as follows: Product A Product BDirect materials$20,000 $15,000 Direct labor 12,000 $24,000 The company's overhead costs of $108,000 are allocated based on direct labor cost. Assume 4,000 units of product A and 5,000 units of Product B are produced. What is the cost per unit for product B? (Do not round your intermediate calculations.)
A. $22.20 B. $16.80 C. $7.80 D. None of the answers are correct.
An investment firm is selling a new product that will pay $100at the end of each of the next 20 years. If the new investment costs $1,246 to purchase, what is its internal rate of return (IRR)?
A. 9% B. 7% C. 5% D. 3% E. 11%
Product life cycles are
A. slowing down in the early stages. B. now about the same length as they were a hundred years ago. C. speeding up in the later stages. D. getting longer. E. getting shorter.