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Identify Each of the Following Accounts as a Revenue (R),expense

question 23

Short Answer

Identify each of the following accounts as a revenue (R),expense (E),asset (A),liability (L),or equity (OE)by placing initials (R,E,A,L or OE)in the blanks.
____ 1.Salary Expense
____ 2.Cash
____ 3.Equipment
____ 4.Owner,Capital
____ 5.Fees Revenue
____ 6.Accounts Receivable
____ 7.Accounts Payable
____ 8.Owner,Withdrawals
____ 9.Supplies
____ 10.Unearned Fee Revenue
____ 11.Prepaid Insurance
____ 12.Office Furniture

Understand the role of discounted cash flow techniques in evaluating the recovery of initial investment.
Identify how profitability indexes are used to evaluate investment projects and their relation to the internal rate of return.
Learn the importance of considering salvage values and cash inflows/outflows, including working capital changes, in project evaluations.
Understand the impact of differing discount rates and expected salvage values on the desirability of investment projects.

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