E6-9 Reporting Purchases, Purchase Discounts, and Purchase Returns Using a Perpetual Inventory System [LO 6-3] During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Purchased goods for $4,100 from Diamond Inc. with terms 2/10, n/30. 5 Returned goods costing $1,100 to Diamond Inc. for full credit. 6 Purchased goods from Club Corp. for $1,000 with terms 2/10, n/30. 11 Paid the balance owed to Diamond Inc. 22 Paid Club Corp. in full. Required: Assume that Ace uses a perpetual inventory system and that the company had no inventory on hand at the beginning of the month. Calculate the cost of inventory as of June 30.
Answers
Answer:
Ace Incorporated
The cost of inventory as of June 30 is:
= $4,000.
Explanation:
a) Data and Calculations:
June 1 Beginning Inventory $0
June 3 Purchased goods for $4,100
June 5 Returned goods costing($1,100)
June 6 Purchased goods for $1,000
June 30 Total available $4,000
b) The cost of inventory is made up of the cost of purchasing the inventory minus purchase returns. In this instance, there were no sales during June. This would have reduced the cost of the inventory available as of June 30.
Related Questions
Which scenario describes a job seeker using an online resource for a job search?
Answers
Answer:
A job seeker using an online resources for job search shows how
technology and the internet in particular has helped to simplify our everyday life. The use of online resources shows how much the internet has helped to reshape and revolutionize so many sectors of the society. This use of online resources in job search provides a much faster way of reaching and covering a wide range of available jobs within and far beyond your immediate geographical range. Before the internet, job searches were typically done manually, and the process consumed a lot of time and resources and was mostly limited a certain geographical range. Nowadays, someone in the US can easily apply for a job post on the internet all the way in Germany.
Answer:
these are the questions, how do you forget to put the questions??
Explanation:
A.
Tabitha visits a career expo that many architectural firms are attending.
B.
Samuel speaks to a former coworker to ask about job openings at his company.
C.
Pauline checks job listings on the career page of a company’s website.
D.
Jay registers with an employment agency to help him find jobs in engineering.
15. What is the net operating income for the year?
Answers
Where the above conditions are given, the net operating income for the year is $785,700
How is this so?Sales revenue - Cost of goods sold = Gross profit
Gross profit - Selling and administrative expenses = Operating income
Sales revenue - $2,970,000 Cost of goods sold - Beginning inventory - $52,800 Raw materials used in production - $608,000 Direct labor - $580,000 Manufacturing overhead applied - $647,500 (41,000 direct labor-hours $15.75 per direct labor-hour) Total cost of goods sold - $1,808,300Selling and administrative expenses - $376,000
Operating income is given as $2,970,000 - $1,808,300 - $376,000 = $785,700
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an online news source reports that the proportion of smartphone owners who use a certain operating system is 0.216. two simulations will be conducted to create a sampling distribution of the sample proportion from a population with proportion 0.216. simulation a will consist of 1,000 trials with a sample size of 50. simulation b will consist of 500 trials with a sample size of 100. which of the following describes the centers and variabilities that should be apparent in the distributions generated by simulation a and simulation b?
Answers
The mean is almost equal for both cases. But, the variability of simulation B will be more increased than the variability of simulation A.
Given that
the proportion of smartphones = 0.216
sample proportion = 0.216
Simulation A trials = 1,000 trials
A sample size of A = 50.
Simulation B trials = 500 trials
A sample size of B = 100.
The relation between the variability of A and B needs to be determined as per the given question.
The sample size affects the distribution sample mostly in the given case
Here, case B is greater than case A.
a sample size of 50 is given for 1000 trials for A. Therefore, A has less variability with variability and simulation of the population.
a sample size of 100 is given for 500 trials for A.. Therefore, B has higher variability with variability and simulation of the population.
Therefore we can conclude that A has less variability as compared to B.
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Warby Parker, an online retailer for prescription eyewear, offers a free, try-on at home program for its customers. Customers browse frames on Warby Parker’s website and select five pairs they would like to try on before buying—or not. Warby Parker handles all the shipping costs and provides all the return packaging. This relates to the________ of its products. Multiple Choice
a. relative advantage
b. complexity
c. observability
d. compatibility
e. trialability
Answers
Answer:
e. trialability
Explanation:
Trialability is the ability to give an idea, process, product, or system a trial before making a final decision.
It indicates the degree to which a product or innovation can be experimented by the customer before they finally buy.
Warby Parker has leveraged on this strategy by allowing customers browse frames on Warby Parker’s website and select five pairs they would like to try on before buying—or not. Warby Parker handles all the shipping costs and provides all the return packaging
why is it difficult to compare relative job growth for different sized businesses
Answers
The point at which a small business becomes a large one is difficult to pinpoint. Because of this, it is challenging to compare relative job growth for businesses of varying sizes.
Small businesses are more likely to have?Small businesses are more likely than large businesses to have: an administrative method for making decisions. A small business is better positioned to receive feedback and observe shifting preferences because it is closer to its customers. A smaller company can shift gears more easily than a larger one, especially if it hasn't spent a lot of money on outdated infrastructure.
It is difficult to predict the process by which a small business grows into a large one. It could be brought on by a variety of external factors, such as shifting consumer preferences or the application of cutting-edge technology within the company that better meets the requirements of customers. It is also difficult to make comparisons between the job growth of large and small businesses due to this circumstance.
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why is it difficult to compare relative job growth for different sized businesses ?
Judi Pendergrass is an account representative at Ever Pharmaceuticals. She has a company car for customer visits, which she uses to commute from work to home on Friday nights and from home to work on Monday mornings, 50 weeks per year. Her commute is 26 miles in each direction.Required:Using the commuting rule, what is the valuation of the fringe benefit?
Answers
The valuation of the fringe benefit will be 3600.
How to calculate the benefits?The valuation of the fringe benefit will be calculated thus:
= (2 × miles in each direction) × number of weeks × benefit rate
= (2 × 24) × 50 × 1.50
= 48 × 59 × 1.50
= 3600
In conclusion, the valuation of the fringe benefit will be 3600.
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PLEASE ANSWER FAST
A film editor’s job requires artistic vision and adaptability.
A. True
B. False
Answers
1. Critical thinking requires setting high standards for yourself. True or false
Answers
Answer:
True
Explanation:
Why does demand for substitutes tend to move in the opposite direction from
each other?
O A. One of the substitutes is usually elastic, while the other is
inelastic.
O B. When the price of a good goes up, consumers shift their demand
to its substitute.
C. Substitute goods have perfect unit elasticity for each other.
O D. Substitute goods tend to have inelastic demand.
Answers
Answer:
O B. When the price of a good goes up, consumers shift their demand
to its substitute.
Explanation:
Substitute goods are products that can be used in place of one another. Consumers will be happy to consume either of the products. Substitute goods provide similar solutions to customers' problems.
Should the price of one substitute good increases, its demand is likely to fall. Consumers will prefer to consume the alternative product resulting in an increase in demand for the substitute.
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corporation. The machine can be used for 10 years and then sold for $27,000 at the end of its useful life. Lollie has presented Kiddy with the following options:
Buy machine. The machine could be purchased for $177,000 in cash. All insurance costs, which approximate $22,000 per year, would be paid by Kiddy.
Lease machine. The machine could be leased for a 10-year period for an annual lease payment of $42,000 with the first payment due immediately. All insurance costs will be paid for by the Lollie Corporation and the machine will revert back to Lollie at the end of the 10-year period.
Required:
Assuming that a 10% interest rate properly reflects the time value of money in this situation and that all maintenance and insurance costs are paid at the end of each year, determine which option Kiddy should choose. Ignore income tax considerations.
What is Buy Option PV?
What is Lease option PV ?
Answers
a) The Buy Option PV (present value) is $301,770.81.
b) The Lease Option PV (present value) is $258,071.82.
c) In present value terms, Kiddy Toy Corporation should lease the equipment as it costs less than outright purchase.
What is the present value?The present value is the discounted value of future payments or investments.
The present value can be computed using an online finance calculator as follows:
Buy PV:1) Insurance Costs:
N (# of periods) = 10 years
I/Y (Interest per year) = 10%
PMT (Periodic Payment) = $22,000
FV (Future Value) = $0
Results:
PV = $135,180.48
Sum of all periodic payments = $220,000.00
Total Interest = $84,819.52
2) Scrap Value:
N (# of periods) = 10 years
I/Y (Interest per year) = 10%
PMT (Periodic Payment) = $0
FV (Future Value) = $27,000
Results:
PV = $10,409.67
Total Interest $16,590.33
Total PV:PV for initial purchase cost = $177,000.00
PV for annual insurance costs = 135,180.48
PV for scrap = (10,409.67)
Total PV = $301,770.81
Lease PV:N (# of periods) = 10 years
I/Y (Interest per year) = 10%
PMT (Periodic Payment) = $42,000
FV (Future Value) = $0
Results:
PV = $258,071.82
Sum of all periodic payments = $420,000
Total Interest = $161,928.18
Thus, using their present values, it costs less for Kiddy Toy Corporation to lease the equipment than to purchase it.
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The area of law that protects Coca-Cola® (with is accompanying ®) is
trademark.
patent.
copyright.
contract.
Answers
Answer:
Trademark
Explanation:
The “R” inside the circle stands for “registered.” The “R” and circle together form the federal trademark registration symbol. In commerce, the symbol shows that your business officially owns its trademark by U.S. Patent and Trade Office (pto.gov) standards.
Note:
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consults with an employee about her continuing education
Answers
An HR manager consults with an employee about her continuing education options is Training and development
What is the role of training and development in HRM?In order to help organisations achieve their strategic goals, training and development are essential components of human resource management (HRM). They do this by ensuring that employees have the abilities, knowledge, and skills required to do their jobs well. While development refers to broader learning opportunities that aim to improve an employee's overall skills and capabilities for future roles, training refers to the process of imparting specific skills or knowledge to employees to improve their performance on the job. Employees who participate in training and development programmes can learn new skills, increase their productivity, and show greater interest in their work. They can also aid businesses in luring and keeping top talent by offering chances for career advancement.
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Goodwin Ranch hires Redwood Construction Co. to construct a new pen for their cattle. They sign an agreement in which Goodwin Ranch agrees to pay. If Redwood wants to be able to enforce the agreement as a valid contract, which of the following is a requirement the agreement must meet?
Group of answer choices
culpability
marketability
legality
necessity
Answers
Legality is a condition that the agreement must satisfy in order for Redwood to be able to enforce it as a genuine contract.
What exactly is legality?According to the legality principle in criminal law, only the law has the authority to define a crime and impose punishment. It also represents the principle that the criminal code must not be broadly applied, for example, by analogy, to the injury of the accused. Its rule states that a crime must have a specific legal definition.
The idea of law encompasses both written and unwritten law and suggests certain standards, particularly those of accessibility and predictability. The prerequisites are met if the individual can determine from the relevant provision's wording and, if necessary, from the court's interpretation of it, what actions and failures may subject him to criminal liability.
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You have a table listing ten tourist attractions and their annual numbers of visitors. Which type of display would be most appropriate for these data? Explain your reasoning.
A. A line chart would be most appropriate because the categories are the ten attractions. Line charts are ideally suited for sets of data in which the categories are qualitative.
B. A bar graph would be most appropriate because the categories are the ten attractions. Bar graphs are ideally suited for sets of data in which the categories are qualitative.
C. A bar graph would be most appropriate because the goal is to compare the numbers of visitors that go to the attractions. A bar graph could do this because it uses a set of bars to represent the frequency of each category.
D. A pie chart would be most appropriate because the goal is to compare the numbers of visitors, that go to the attractions, which are the categories. A pie chart could do this because it could easily show the relative frequencies of the categories.
E.A line chart would be most appropriate because it is reasonable to expect that the numbers of visitors would vary from year to year. Line charts are often used to show how some variable changes with time.
F. A pie chart would be most appropriate because it could easily show all ten categories. This many categories would be more difficult to analyze using a different type of display, such as a bar graph or a line chart.
Answers
Explanation:
C. A bar graph would be most appropriate because the goal is to compare the numbers of visitors that go to the attractions. A bar graph could do this because it uses a set of bars to represent the frequency of each category.
A bar graph would be the best display option for this type of data because it allows for easy comparison of the number of visitors for each attraction. Each attraction can be represented as a bar on the graph, with the height of the bar representing the number of visitors. This makes it easy to compare the numbers across the different attractions. Additionally, a bar graph is best suited for quantitative data, which is what we have in this case, as the number of visitors is a quantitative variable.
While a line chart (option A) might be appropriate for data that changes over time, it is not the best option for this type of data where the categories are qualitative. Option B, a bar graph based on the categories, is on the right track, but it does not address the goal of comparing the numbers of visitors at each attraction. Option D, a pie chart, is not the best choice for this type of data either as it does not allow for easy comparison between the attractions. Option F is incorrect as a bar graph can still display all ten categories and allow for easy comparison.
QERFEWTDGFSETHWRSTGHBDRAEAGBHSWRTYH
Answers
Answer:
Explanation:na
Q2. Describe three roles of the Government in a Planned or Command Econom
What are some of its function?
Answers
Answer:
Three roles of government in a planned economy:
*Planning economic activity: in a planned or command economy, the government actually plans the economy, in the sense that it determines the amount of goods and services to be produced an distributed over a period of time. In the Soviet Union for example, this period of time was of 5 years.
*Owning businesses: in planned or command economies, most or all firms are public, since private property usually does not exist in this type of economices. These firms tend to have a high degree of government control, where directly in the form of government ownership, or indirectly.
*Setting prices: a key characteristic of a planned economy is that prices are set beforehand. They are not left for the market to decide.
When making a decision about housing, the first step should be
visiting different housing locations.
gathering information on available housing.
analyzing the availability of housing loans.
comparing the cost of housing alternatives.
Answers
Answer:
B: gathering information on available housing
Explanation:
did the quiz :)
The first step is gathering information on available housing when making a decision about housing.
What is decision making process?Decision making process is how an individual or organizations consider various alternative solutions before deciding on the best option that suit the problem at hand.
Steps in decision making includes:
Gathering informationAssessing alternative resolutionImplement the decision takenEvaluate the decision takenHence, the first step is gathering information on available housing when making a decision about housing.
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(100 POINTS!) Craig is designing his website and looking for some free photos to help add visual appeal to his site. He wants general images of people working on computers and using social media. What kind of photography genre will Craig look in to find these images?
A. propaganda photography
B. creative stock photography
C. fashion photography
D. fine art photography
Answers
Craig is likely looking for images from the genre of creative stock photography to find photos of people working on computers and using social media. Creative stock photography is a collection of commercially licensed photographs that can be used in various media projects, including websites, brochures, and advertisements. These photos are usually taken with a specific use in mind, like demonstrating a particular lifestyle or concept, and are meant to be appealing and visually appealing to a wide audience.
In 2019, longtime partner ________ was so unhappy with its Amazon relationship that it dropped the firm for both air and ground deliveries.
Answers
Answer:
"FedEx" would be the correct answer.
Explanation:
Lengthy-time supplier FedEx had been so disappointed with some of its Amazon partnership throughout 2019 that something that dumped the business with both aerial refueling as well as surface deliveries. Investment opportunities by Amazon in its distribution program irritated FedEx as well as leading to the split of the businesses.Required information
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[The following information applies to the questions displayed below.]
Assume that Sivart Corporation has 2021 taxable income of $1,750,000 for purposes of computing the §179 expense and acquired several assets during the year. Assume the delivery truck does not qualify for bonus depreciation. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)
Asset Placed in Service Basis
Machinery June 12 $ 1,440,000
Computer equipment February 10 70,000
Delivery Truck—used August 21 93,000
Furniture April 2 310,000
Total $ 1,913,000
b. What is the maximum total depreciation (§179, bonus, MACRS) that Sivart may deduct in 2021 on the assets it placed in service in 2021?
Answers
The maximum total depreciation deduction[ including 179 expense is $1,913,000.
How to calculate the amounta) Total of qualified assets $19,13,000
b) Threshold for section 179 in 2021 $26,20,000
c) Maximum Section 179 expense phase out [a-b][Only if value of qualified asset is more than threshold limit
d) Section 179 Maximum 2021 limit
$10,50,000
e) Section 179 deduction for 2021 is [d-c]
$10,50,000
Bonus depreciation= 863,000
Section 179 deduction= 1,050,000
maximum total depreciation deduction[ including 179 expense]= 863,000+1,050 000
=> $1,913,000.
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The following information is available for Felix Company: Net income $300 Decrease in plant and equip. $40 Depreciation expense $20 Increase in deferred tax asset $5 Gain on sale of assets $35 Decrease in long-term debt $50 Increase in inventories $25 Decrease in accounts payable $15 What is cash flow from operating activities for Felix Company
Answers
Answer:
$240
Explanation:
The computation of cash flow from operating activities of Felix company is seen below;
= Net income - Decrease in plant and machinery + decrease in expense - increase in deferred assets + gain on sale of assets
= $300 - $40 + $20 - $5 + $35
= $240
Therefore, cash flow from operating income of Felix company is $240
What is the purpose of an advance directive?
O A. It removes the burden of creating a final will.
O B. It removes the burden of making end-of-life decisions for loved ones.
O C. It directs loved ones to make end-of-life care decisions.
OD. It provides direction for estate planning and distribution.
answer: O B. It removes the burden of making end-of-life decisions for loved ones.
Answers
The purpose of an advance directive is that its removes the burden of making end-of-life decisions for loved ones. The Option B is correct.
What is an advance directive?Basically, an advance healthcare directive is also known as living will, personal directive, advance directive, medical directive or advance decision. It refers to a legal document in which a person specifies what actions should be taken for their health if they are no longer able to make decisions for themselves because of illness or incapacity. In the U.S., the directive has a legal status in itself but in some countries it is legally persuasive without being a legal document.
This living will is one form of advance directive because its leaves instructions for treatment. It is another form the power of attorney or health care proxy in which the person authorizes someone (an agent) to make decisions on their behalf when they are incapacitated.
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the average (arithmetic mean) of the 5 houses on a certain street is $60,000. if the price of the least expensive house is $55,000, which of the following could not be the price of the most expensive house?
Answers
A residence cannot cost more than $80,000 in total.
Explain about the average?Average is defined as the sum of all the numbers divided by all the numbers. The arithmetic mean is another name for it. The ratio of a set of numbers' sum to total count is used to define the average, which displays a single value.
Making decisions for both your personal and professional life can benefit from knowing the average of a group of values. You can make decisions about salaries, output, and purchases using the average value, commonly referred to as the mean. Additionally, it can be helpful in routine data-related tasks.
It is often calculated by dividing the total number of numbers in the list by the number of numbers in the list (the arithmetic mean).
5 houses cost an average of $60,000.
5 homes are priced at a total of $60,000*5=$300,000.
The least priced home costs $55,000.
We must reduce the cost of other items in order to determine the maximum price for a property.
The price of the extra three homes is $55,000 x 4 homes costing a total of $55,000 = $220,000.
A house might cost as much as $300,000 - $220,000
= $80,000.
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If the effect of the debit portion of an adjusting entry is to increase the balance of an asset
account, which of the following describes the effect of the credit portion of the entry?
Answers
When the debit portion of an adjusting entry is used to increase the balance of an asset account, the credit portion of the entry will decrease the balance of another account, which will be either a liability account or an equity account.
What is the adjusting entry?Adjusting entries are journal entries that are made at the end of an accounting period to modify the accounts' balances. They are done to update and verify revenue and expense accounts' accuracy, as well as to adjust the balance sheet accounts for adjustments that have yet to be recorded.When should adjusting entries be made?Adjusting entries are typically made at the end of an accounting period. For example, adjusting entries may be needed if a company's insurance premiums have been paid in advance, or if a company has earned revenue but has not yet received payment.Adjusting entries are critical in determining the correct profit and loss as well as the balance sheet, which is why they must be accurate and complete.Adjusting entries are required for each financial statement's following types:Income Statement - revenue and expense accounts are adjusted.Balance Sheet - asset, liability, and equity accounts are adjusted.How are adjusting entries made?Adjusting entries are made with the following steps:Step 1: Determine the transaction or event that necessitates an adjustment. Step 2: Determine which accounts are affected by the transaction or event. Step 3: Decide whether each account is to be debited or credited. Step 4: Make the necessary adjusting journal entries.
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Fresh Foods established a petty cash fund of $100 on January 2. On January 31, the fund contained cash of $9.20 and vouchers for the following cash payments: Maintenance expense Office supplies Transportation expense $61.50 12.50 15.00 The three distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund, (2) reimbursements made to employees, and (3) recognition of expenses and replenishment of the fund.Required:
a. Record each of the three events in a horizontal statements model.b. Record the events in general journal format.
Answers
Answer:
a. Net total assets = Stockholder's equity = $18.40; Total Expenses = Net income = ($90.80); and Net Cash flow = $18.40
b. Record the events in general journal format.
See the journal entries below.
Explanation:
a. Record each of the three events in a horizontal statements model.
Note: See the attached excel file for the horizontal statements
b. Record the events in general journal format.
The journal general entries will be as follows:
Date Details Dr ($) Cr ($)
Jan. 2 Petty cash account 100.00
Cash 100.00
(To record the petty cash fund establishment.)
Jan. 2-31 Maintenance expense 61.50
Office supplies 12.50
Transportation expense 15.00
Unaccounted amount (w.2.) 1.80
Petty cash account 90.80
(To record expenses during the month of January.)
Jan. 31 Petty cash account 90.80
Cash 90.80
(To record reimbursements made to employees.)
Workings:
w.1. Reimbursed amount = Petty cash fund - Fund balance on January 31 = $100 - $9.20 = $90.80
w.2. Unaccounted amount = Reimbursed amount - Maintenance expense - Office supplies - Transportation expense = $90.80 - $61.50 - $12.50 - $15.00 = $1.80.
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Jose can't wait to buy his first car next month. He imagines that he will make several new friends at school since everyone will want to ride in his car. He is even having a hard time concentrating on filling orders at the restaurant where he works. Does Jose's thinking have an ethical component? Who is most affected by Jose's conduct? *
Answers
Answer:
His thinking does NOT have a ethical componet.
HISELF is most affected by his conduct.
Answer:
C
Explanation:
im him
Simple random sampling uses a sample of size n from a population of size N to obtain data that can be used to make inferences about the characteristics of a population. Suppose that, from a population of 54 bank accounts, we want to take a random sample of four accounts in order to learn about the population. How many different random samples of four accounts are possible?
Answers
If from a population of 54r bank accounts, we want to take a random sample of four accounts in order to learn about the population, the number of different random samples of four accounts possible are: 31,625,099,999.
Number of different random sampleUsing this formula
C(54;4)=Population of bank account !/(Population of bank account-Random sample of four account)! ×Random sample of four account !
Let plug in the formula
C(54;4)=54!/(54-4)!×4!
C(54;4)=54!/(50)!×4!
C(54;4)=31,625,099,999 possible random
Therefore If from a population of 54r bank accounts, we want to take a random sample of four accounts in order to learn about the population, the number of different random samples of four accounts possible are: 31,625,099,999.
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declared a $0.70 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares authorized, 14,000 shares issued, and 5,600 shares held as treasury stock. What is the entry for the dividend declaration
Answers
Answer:
Debit Retained Earnings $5,880; credit Common Dividends Payable $5,880.
Explanation:
Based on the information given the appropriate
Journal entry for the dividend declaration will be:
Debit Retained Earnings $5,880
Credit Common Dividends Payable $5,880.
(To record dividend declaration)
$0.70 * (14,000 shares - 5600 shares)
= $0.70*8,400
=$5,880
Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
Answers
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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What are the parts of a proposal?