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5 days ago

Wilson Trucking, Inc. reports these account balances at January 1, 2015 (shown in alphabetical order):Accounts Payable $220,000A

ccounts Receivable $200,000Buildings $480,000Capital Stock $680,000Cash $160,000Equipment $320,000Land $400,000Notes Payable $520,000Retained Earnings $140,000On January 5, Wilson Trucking collected $175,000 of its accounts receivable, paid $150,000 on its accounts payable, and paid $11,000 on its note payable.Refer to the information above. In a trial balance prepared on January 6, 2015, the total of the credit column is:__________.(a) $1,721,000(b) $1,350,000(c) $1,399,000(d) $1,560,000.

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Ellen co. has offered their customers a 1% discount off the amount owed if they pay within 15 days of receiving their bill. hand

harina [3808]

In this scenario, the handler company receives a $21.85 discount (1% of the amount borrowed) for settling their payment within 15 days. Consequently, rather than sending the full sum of $2,185 to Ellen Co., they will only remit $2,163.15, which is $21.85 less than the initial amount due, taking advantage of the 1% discount.

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Wilson Co. is considering two mutually exclusive projects. Both require an initial investment of $10,000 at t = 0. Project X has

Nady [3600]

Answer:

d. $1,376.74

Explanation:

The NPV for Project X is calculated as follows:

Year Cash outflow/inflow Present value factor Present value

0 -$10,000.00 1 -$10,000.00

1 $6,000.00 0.900901 $5,405.41

2 $8,500.00 0.811622 $6,898.79

NPV $2,304.20

For Project Y, the NPV is:

Year Cash outflow/inflow Present value factor Present value

0 -$10,000.00 1 -$10,000.00

1 $4,600.00 0.900901 $4,144.14

2 $4,600.00 0.811622 $3,733.46

3 $4,600.00 0.731191 $3,363.48

4 $4,600.00 0.658731 $3,030.16

Total $4,271.25

The formula for calculating Equivalent Annual Annuity is expressed as:

C = r*(NPV)/(1-(1+r)-n)

For Project X, where NPV = $2304.20

using r = 11% and n = 2

Plugging in values into the formula gives us:

C = 11%*$2304.20/(1-(1+11%)−2

=$1345.38

For Project Y, where NPV = $4271.25

using r = 11% and n = 4

Inserting the values into the formula, we find C = 11%*$4271.25/(1-(1+11%)−4

= $1376.74

Thus, the more profitable project is Y, with an equivalent annual annuity of $1376.74.

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