The cost of a project is Rs. 8,00,000 and it is expected to yield a profit of Rs 1. 80,000 annually after depreciation at 10%, but before tax at 40%. There is
an alternative project costing Rs. 7,50,000 with a cash inflow of Rs. 1,25.000
before tax and depreciation. The rates of tax and depreciation are the same
as that of the first project. Rank the projects on the basis of pay back period
and advise the management

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)