Bill has just returned from a duck hunting trip. he has brought home eight ducks. bill’s friend, john, disapproves of duck hunting, and to discourage bill from further hunting, john has presented with the following cost estimate per duck: camper and equipment: cost, $11,600; usable for eight seasons; 10 hunting trips per season $ 145.00 travel expense (pickup truck): 100 miles at $0.32 per mile (gas, oil, and tires—$0.22 per mile; depreciation and insurance —$0.10 per mile) 32.00 shotgun shells (two boxes) 40.00 boat: cost, $2,240, usable for eight seasons; 10 hunting trips per season 28.00 hunting license: cost, $60 for the season; 10 hunting trips per season 6.00 money lost playing poker: loss, $26 (bill plays poker every weekend) 26.00 bottle of whiskey: cost, $25 (used to ward off the cold) 25.00 total cost $ 302.00 cost per duck ($302.00 ÷ 8 ducks) $ 37.75required: 1. assuming that the duck hunting trip bill has just completed is typical, what costs are relevant to a decision as to whether bill should go duck hunting again this season? 2. suppose that bill gets lucky on his next hunting trip and shoots 10 ducks in the amount of time it took him to shoot 8 ducks on his last trip. how much would it have cost him to shoot last two ducks? explain.3. which costs are relevant in a decision of whether bill should give up hunting? explain.

Minolta inc. is considering a project that has the following cash flow and wacc data. what is the project's mirr? note that a project's projected mirr can be less than the wacc (and even negative), in which case it will be rejected. wacc: 10.00% year 0 1 2 3 4 cash flows -$850 300 $320 $340 $360

The following information is available for juno company for the month ending june 30, 2019. * balance as per the bank statement is $ 11 comma 000. * balance as per books is $ 10 comma 400. * check #506 for $ 1 comma 200 and check #510 for $ 900 were not shown on the june 30, bank statement. * a deposit in transit of $ 3 comma 346 had not been received by the bank when the bank statement was generated. * a bank debit memo indicated an nsf check for $ 70 written by jane smith to juno company on june 13. * a bank credit memo indicated a note collected by the bank of $ 1 comma 900 and interest revenue of $ 51 on june 20. * the bank statement indicated service charges of $ 35. what is the adjusted book balance?

Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?