Question

On August 7, 2020, Nike purchased new cash registers for their stores for $100,000 total. They...

On August 7, 2020, Nike purchased new cash registers for their stores for $100,000 total. They will realize a $9,000 profit on the first Friday of every month for an entire year (ending on July 2, 2021). What is the rate of return of this project? Please use excel and show equations

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

ANSWER IN THE IMAGE ((YELLOW HIGHLIGHTED). FEEL FREE TO ASK ANY DOUBTS. THUMBS UP PLEASE. THUMBS UP PLEASE.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
V had actual sales and purchases for July and August 2020 as given in the Excel...
V had actual sales and purchases for July and August 2020 as given in the Excel spreadsheet, along with its forecast sales and purchases for the period September 2020 through February 2021. The firm makes 30% of all sales for cash and collects 35% of its sales in each of the two months following the sale. Other cash inflows are expected to be $22,000 in September and February, $25,000 in November and January, and $37,000 in December. The firm pays...
Your company is undertaking a new project. A building was purchased 10 years ago for $750,000...
Your company is undertaking a new project. A building was purchased 10 years ago for $750,000 depreciated straight line to $150,000 (the land value) over 30 years. It is now worth $500,000 (including $150,000 land). The project requires improvements to the building of $100,000. The improvements are depreciated straight line to zero over the life of the project. The project will generate revenues of $325,000, $350,000, $375,000 and $400,000 for years 1-4, respectively. Annual cash operating expenses are $80,000, $100,000,...
your company is undertaking a new project. a building was purchased 10 years ago for$ 750,000...
your company is undertaking a new project. a building was purchased 10 years ago for$ 750,000 depreciated straight line to $150,000( the land value) over 30 years. it is now worth $500,000( including $150,000 land).the project requires improvements to the building of $100,000 the improvements are depreciated straight line to zero over the life of the project. the project will generate revenues of $325,000$350,000$375,000$400,000 for years 1-4 respectively. Annual cash operating expenses are $80,000$100,000$120,000and $140,000, respectively. the project will last...
Winnie's Wearable Masks Budgeted Income Statement For the Quarter Ending September 30, 2020 Sales Variable Expenses:...
Winnie's Wearable Masks Budgeted Income Statement For the Quarter Ending September 30, 2020 Sales Variable Expenses:    Variable Manufacturing Expense Variable S&A Expense Contribution Margin Fixed Expenses:    Fixed Manufacturing Expense    Fixed S&A Expense Net Operating Income Interest Expense Net Income following balance sheet as of the end of the 2nd quarter on June 30, 2020: Each mask is referred to as a finished good unit. Although the company makes both adult and children’s sizes, each mask will be...
  1.     In the first month of operations, the total of the debit entries to the cash...
  1.     In the first month of operations, the total of the debit entries to the cash account amounted to $1900 and the total of the credit entries to the cash account amounted to $800. The cash account has a balance of……………….     2.     Dawson’s Delivery Service purchased equipment for $3,500. Dawson paid $500 in cash and signed a note for the balance. Dawson debited the Equipment account, credited Cash and a.   debited the Dawson, Capital account for $2,000. b.   credited...
You were recently hired by LW’s Bottle Emporium Ltd. (“LW”) as financial controller. LW sells a...
You were recently hired by LW’s Bottle Emporium Ltd. (“LW”) as financial controller. LW sells a high-end set of baby bottles including various sizes to meet the child’s needs throughout their early years. One of your first tasks is to prepare the master budget for the fourth quarter of 2020. To assist you in the preparation of the budget, and supporting schedules, you have been provided with the following information: As of September 30, 2020 LW had the following balance...
1. It is time for Jung So Min Corp. to begin its annual budget preparation for...
1. It is time for Jung So Min Corp. to begin its annual budget preparation for its upcoming fiscal year, which ends on December 31, 2021. They are in need of temporary assistance in their accounting office, and have hired you to carry out the task of preparing the budgets. Jung So Min prepares quarterly budgets, and then from this information prepares an annual budget. To assist you in this task, Jung So Min has gathered the following information: 1)...
Determine the exact simple interest for a PhP 20,000 loan made in September 23, 2020 to...
Determine the exact simple interest for a PhP 20,000 loan made in September 23, 2020 to be paid off on December 25, 2023 at interest rate of 7% per year. Claire and Phil decided to open a savings account for Luke's college education. They initially deposited PhP 20,000 which earns at interest rate of 8% compounded quarterly. How much can be withdrawn 6 years from now if Luke chooses to split the amount equally into 4 consecutive yearly withdrawals? Ellen...
Annapolis Company purchased a $2,000, 7%, 9-year bond at 99 and held it to maturity. The...
Annapolis Company purchased a $2,000, 7%, 9-year bond at 99 and held it to maturity. The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment? (all money received minus all money paid, round to nearest whole dollar) Ocean Pines Company had net income $475,000. They also had depreciation expense of $200,000, an increase or (decrease) in accounts receivable of $-30,000, and an increase or...
Only a Game Inc. Cash Budgeting This really is great! We’ve only been producing the “Sticky...
Only a Game Inc. Cash Budgeting This really is great! We’ve only been producing the “Sticky Fingers” for six months and look at the profits. Sales projections for the future go nowhere but up, up, up! I’m going to take my family on a well-deserved vacation. They’ve put up with a lot; I haven’t been home much at all getting this started. We need some quality time together. All this hectic activity has left me mighty tired, so a break...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT