ACCT 346 Managerial Accounting Course Project on Bravo Baking Company For more course tutorials visit
Question 6. Question:( TCO 9) Harry Corp buys equipment for $ 194,000 that will last for 9 years. The equipment will generate cash flows of $ 36,000 per year and will have no salvage value at the end of its life. Ignore taxes. Use 10 % required rate of return.
( a) What is the Present Value( PV) of this investment( at 10 %)?
( b) What is the NET Present Value( NPV) of this investment Should you buy the equipment if you need 10 %?
( c) What is the Internal Rate of Return( IRR) of this investment?( d) What is the payback period?
Comments: good!
Question 7. Question:( TCO 10) Tanya Corp sells its products on both credit and cash basis. Monthly sales are sold 20 % for cash, 80 % for credit. Credit sales are collected 65 % in the month of sale and 35 % the following month. Sales for the first quarter are BUDGETED as follows: January $ 300,000; February $ 200,000; March $ 300,000.
Compute cash collections budgeted for February. How much cash was collected in the month?-----------------------------------------------------------------------------
ACCT 346 Managerial Accounting Course Project on Bravo Baking Company For more course tutorials visit