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Prepare journal entries to record the following production activities for Sherman Manufacturing.
a. Incurred $105,100 of factory labor cost which is paid in cash.
b. Used $93,900 of direct labor in the production department.
c. Used $11,200 of indirect labor.
Net Present Value
The calculation used to determine the current value of a series of future cash flows by discounting them at a specific rate.
Cash Inflows
Any money coming into a company from various sources, including sales, financing, and investments.
Investment Proposal
A plan or suggestion put forward for consideration by others, typically involving expenditure on assets in expectation of achieving returns.
Simple Rate of Return
The simple rate of return is a financial metric that calculates the percentage increase or decrease in value of an investment over a specific period.
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