142) Senseman Company has three potential projects from which to choose. Selected information on each of the three projects follows: Project A Project B Project C Investment required $ 42,500 $ 56,000 $ 53,700 Net present value of project $ 45,700 $ 75,400 $ 70,200 Using the profitability index, rank the projects from most profitable to least profitable. A) A, B, C B) C, B, A C) B, A, C D) B, C, A 143) Silver Creations is evaluating a project that would require an initial investment of $36,000. The present value of the net cash inflows associated with this […]

152) (Present value tables are needed.) The Janus Vending Machine Company is looking to expand its business by adding a new line of vending machines. The management team is considering expanding into either soda machines or snack machines. Following is the relevant financial data relating to the decision: Soda Machines Snack Machines Investment $75,000 $50,000 Useful life (years) 5 10 Estimated annual net cash inflows for useful life $30,000 $18,000 Residual value $30,000 $10,000 Depreciation method straight-line straight-line Required rate of return 8% 12% What is the net present value for the soda machines? A) $(140,220) B) $24,360 C) $65,220 […]

Multiple Choice 1) Which of the following statements is true about cloud computing? A) The elastic leasing of pooled computer resources over the Internet is called the cloud. B) A cloud is a peer-to-peer network used to share data between users. C) Cloud-based hosting does not operate over the Internet. D) Any network of servers hosted in-house by an organization for its own requirements is regarded as a cloud. 2) Which of the following is a reason for the term elastic being used to define the cloud? A) Computing resources can be increased or decreased dynamically in cloud-based hosting. B) […]

45) Indicate which adjustments would require a journal entry during the completion of the bank reconciliation. Place an “X” on the respective line(s). ________ a. Deposit in transit ________ b. Bank service charge ________ c. NSF check ________ d. Check written for $58 recorded on the company's ledger as $85 ________ e. Outstanding checks ________ f. Check written for $42 recorded as $4 ________ g. Check printing charge ________ h. Note collected by bank. 46) List the various steps and procedures included in the bank reconciliation process. What are the advantages in preparing a monthly bank reconciliation? 47) Determine the […]

25) The journal entry to reverse the entry of a customer's nonsufficient funds check would include a: A) debit to Cash. B) credit to Cash. C) debit to Accounts Payable. D) credit to Accounts Receivable. 26) From the bank reconciliation no entry was recorded for a debit memo for a new check fee expense. This would cause: A) liabilities to be understated. B) liabilities to be overstated. C) expenses to be understated. D) expenses to be overstated. 27) From the bank reconciliation no entry was recorded for deposits in transit. This would cause: A) assets to be overstated. B) assets […]