Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a. the following data relates to an investment pro

A. The following data relates to an investment proposal for the purchase of a new...

50.1K

Verified Solution

Question

Finance

A. The following data relates to an investment proposal for the purchase of a new modern machine:
Acquisition cost - P100,000
Freight and other charges - 60,000
Annual Cash return - 40,000
Economic Life - 10 yrs
Income tax rate - 30%
Questions:
1. based on the above information the payback period is______
2. The accounting rate return is______
B. On June 20, 2020 ABC Corp. discounts P100,000, 120 day, 12% note dated May 21, 2020 to XYZ Finance Company at 15%. How much is the net proceeds?______
1. Based on theb

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The tires of a car make 92 revolutions as the car reduces its speed uniformly from...

Physics
Q

QUESTION 7 UVM, Inc. employs a process costing system and uses normal costing. Its records showed...

Accounting
Q

Question 3 The Tesla Model 3 will be the best selling sedan in the next...

Biology
Q

Allele for purple flowers Locus for flower color gene Allele for white flowers Pair of...

Biology
Q

2004 The maximum number of possible interference maxima for slit separation equal to twice the...

Physics
Q

Part 1 of 2 a How much will Selma have when she retires S Round...

Basic Math
Q

S 0 11 Points DETAILS Which of the following functions f has a removable discontinuity...

Calculus
Q

Does the composition of functions display the commutative property Give an example of each case...

Algebra
Q

Supervisory salaries are in the Select one: a. Direct labor budget ...

Accounting
Q

journal entry sheet 2 record the dividend received from foreign subsidiary 3 record the equity...

Accounting
Q

Mark is a U.S. resident who lives in Minnesota and who owns a second home...

Accounting
Q

1. A company entered into the following transactions concerning its computer system: On January 1,...

Accounting