Questions:

Consider a project to supply your church with 55,000 gallons of hand sanitizer annually for church services. You estimate that you will need an initial Gh¢4,200,000 in terms of investment to get the project started. The project will last for 5 years.

The project will bring in annual cash flows of Gh¢1,375,000. It also estimates a salvage value of Gh¢300,000 after dismantling costs.

Your cost of capital is 13 percent. Assume no taxes or depreciation.

Required:

1. What is the NPV of the sanitizer project? Should you pursue this project?                                                                   

b) Suppose you believe that there is a best case scenario where initial investment could be 15% lower with salvage value and revenue being 10% higher, what would be the NPV under this scenario?              

c) In the worst case scenario, you expect annual cash inflows to be 10% lower, salvage value to be 12% lower and initial investment to be 10% higher. Calculate the NPV under this worst case scenario. Would you still pursue the project?                                                      

d) You just received additional information that suggests that your base case (answer to a), best case (b) and worst case (c) scenarios have probabilities of 0.35, 0.35 and 0.30 respectively. What will be the expected NPV of the sanitizer project. What about the standard deviation of the sanitizer project? Do you think the project is still viable?                                                                                                                               

"Please write the issue about Biblical illiteracy in the church. Describe the problem in your own word and trace its causes. Summarize proposed solutions. Then give your opinion about what you think should be done to solve or alleviate this problem. Also explain in detail how your Christian faith is relevant to this issue. For example, what resources does Christianity provide for thinking about and solving this issue?" Please help me write as complete as possible. At least 550 words! Thanks!

Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 1/10, n/30).

Assume the following ledger account amounts Inventory (March 1 beg. bal. is $61,000), Z. Church, Capital (March 1 beg. bal. is $61,000) and Church Company uses the perpetual inventory system.

Required:
2-a. Enter the transactions in a sales journal.
2-b. Enter the transactions in a purchases journal.
2-c. Enter the transactions in a cash receipts journal.
2-d. Enter the transactions in a cash disbursements journal.
2-e. Enter the transactions in a general journal.

4. Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 25% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, i.e., g = 0. The company’s last dividend, D0, was $1.25, its beta is 1.20, the market risk premium is 5.50%, and the risk-free rate is 3.00%. What is the current price of the common stock?

Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30).

Assume the following ledger account amounts Inventory (March 1 beg. bal. is $65,000), Z. Church, Capital (March 1 beg. bal. is $65,000) and Church Company uses the perpetual inventory system.

Prepare the March 31 trial balance.

Prepare the March 31 schedule of accounts receivable.

Prepare the March 31 schedule of accounts payable.

Does the average Presbyterian donate more than the average Catholic in church on Sundays? The 44 randomly observed members of the Presbyterian church donated an average of $22 with a standard deviation of $12. The 58 randomly observed members of the Catholic church donated an average of $17 with a standard deviation of $10. What can be concluded at the αα = 0.10 level of significance?

1. For this study, we should use Select an answert-test for the difference between two independent population meansz-test for a population proportiont-test for the difference between two dependent population meansz-test for the difference between two population proportionst-test for a population mean
2. The null and alternative hypotheses would be:   
3.   

H0:H0:  Select an answerp1μ1 ?=<≠> Select an answerμ2p2 (please enter a decimal)   

H1:H1:  Select an answerp1μ1 ?=><≠ Select an answerμ2p2 (Please enter a decimal)

3. The test statistic ?tz = (please show your answer to 3 decimal places.)
4. The p-value = (Please show your answer to 4 decimal places.)
5. The p-value is ?≤> αα
6. Based on this, we should Select an answerfail to rejectrejectaccept the null hypothesis.
7. Thus, the final conclusion is that ...
   • The results are statistically insignificant at αα = 0.10, so there is statistically significant evidence to conclude that the population mean amount of money that Presbyterians donate is equal to the population mean amount of money that Catholics donate.
   • The results are statistically significant at αα = 0.10, so there is sufficient evidence to conclude that the mean donation for the 44 Presbyterians that were observed is more than the mean donation for the 58 Catholics that were observed.
   • The results are statistically significant at αα = 0.10, so there is sufficient evidence to conclude that the population mean amount of money that Presbyterians donate is more than the population mean amount of money that Catholics donate.
   • The results are statistically insignificant at αα = 0.10, so there is insufficient evidence to conclude that the population mean amount of money that Presbyterians donate is more than the population mean amount of money that Catholics donate.

The following information applies to the questions displayed below.] Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 1/10, n/30). Mar. 1 Purchased $39,000 of merchandise from Van Industries, terms 1/15, n/30. 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $15,600 (cost is $7,800). 3 (a) Purchased $1,170 of office supplies on credit from Gabel Company, terms n/30. 3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $7,800 (cost is $3,900). 6 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. 9 Purchased $19,500 of office equipment on credit from Spell Supply, terms n/30. 10 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,900 (cost is $1,950). 12 Received payment from Min Cho for the March 2 sale less the discount of $156. 13 (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount of $390. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $78. 14 Purchased $26,000 of merchandise from the CD Company, terms 1/10, n/30. 15 (a) Issued Check No. 417 for $16,100, payee is Payroll, in payment of sales salaries expense for the first half of the month. 15 (b) Cash sales for the first half of the month are $62,400 (cost is $49,920). These cash sales are recorded in the cash receipts journal on March 15. 16 Purchased $1,690 of store supplies on credit from Gabel Company, terms n/30. 17 Returned $2,600 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. 19 Returned $585 of office equipment purchased on March 9 to Spell Supply. Church reduces accounts payable by that amount. 20 Received payment from Jovita Albany for the sale of March 10 less the discount of $39. 23 Issued Check No. 418 to CD Company in payment of the March 14 purchase less the March 17 return and the $234 discount. 27 Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $11,700 (cost is $4,680). 28 Sold merchandise on credit to Linda Witt, Invoice No. 858, for $4,680 (cost is $1,872). 31 (a) Issued Check No. 419 for $16,100, payee is Payroll, in payment of sales salaries expense for the last half of the month. 31 (b) Cash sales for the last half of the month are $68,640 (cost is $41,184). These cash sales are recorded in the cash receipts journal on March 31. 31 (c) Verify that amounts impacting customer and creditor accounts were posted and that any amounts that should have been posted as individual amounts to the general ledger accounts were posted. Foot and crossfoot the journals and make the month-end postings. Assume the following ledger account amounts Inventory (March 1 beg. bal. is $65,000), Z. Church, Capital (March 1 beg. bal. is $65,000) and Church Company uses the perpetual inventory system.

Required:
2-a. Enter the transactions in a sales journal.
2-b. Enter the transactions in a purchases journal.
2-c. Enter the transactions in a cash receipts journal.
2-d. Enter the transactions in a cash payments journal.
2-e. Enter the transactions in a general journal.

Complete this question by entering your answers in the tabs below.

• Req 2A
• Req 2B
• Req 2C
• Req 2D
• Req 2E

Enter the transactions in a sales journal.

• Req 2B:

Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30).

Assume the following ledger account amounts Inventory (March 1 beg. bal. is $63,000), Z. Church, Capital (March 1 beg. bal. is $63,000) and Church Company uses the perpetual inventory system.

Required:
2-a. Enter the transactions in a sales journal.
2-b. Enter the transactions in a purchases journal.
2-c. Enter the transactions in a cash receipts journal.
2-d. Enter the transactions in a cash disbursements journal.
2-e. Enter the transactions in a general journal.

Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30).

Assume the following ledger account amounts Inventory (March 1 beg. bal. is $63,000), Z. Church, Capital (March 1 beg. bal. is $63,000) and Church Company uses the perpetual inventory system.

Prepare the March 31 trial balance, schedule of accounts receivable and schedule of accounts payable. Post information from the journals in Part 2 to the general ledger and the accounts receivable and accounts payable subsidiary ledgers.

Prepare the March 31 trial balance.

• Trial Balance

Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Mar. 1 Purchased $43,600 of merchandise from Van Industries, invoice dated March 1, terms 2/15, n/30. Mar. 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $16,800 (cost is $8,400). Mar. 3 Purchased $1,230 of office supplies on credit from Gabel Company, invoice dated March 3, terms n/10 EOM. Mar. 3 Sold merchandise on credit to Linda Witt, Invoice No. 855, for $10,200 (cost is $5,800). Mar. 6 Borrowed $82,000 cash from Federal Bank by signing a long-term note payable. Mar. 9 Purchased $21,850 of office equipment on credit from Spell Supply, invoice dated March 9, terms n/10 EOM. Mar. 10 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $5,600 (cost is $2,900). Mar. 12 Received payment from Min Cho for the March 2 sale less the discount. Mar. 13 Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount. Mar. 13 Received payment from Linda Witt for the March 3 sale less the discount. Mar. 14 Purchased $32,625 of merchandise from the CD Company, invoice dated March 13, terms 2/10, n/30. Mar. 15 Issued Check No. 417, payable to Payroll, in payment of sales salaries expense for the first half of the month, $18,300. Cashed the check and paid the employees. Mar. 15 Cash sales for the first half of the month are $34,680 (cost is $20,210). (Cash sales are recorded daily, but are recorded only twice here to reduce repetitive entries.) Mar. 16 Purchased $1,770 of store supplies on credit from Gabel Company, invoice dated March 16, terms n/10 EOM. Mar. 17 Received a $2,425 credit memorandum from CD Company for the return of unsatisfactory merchandise purchased on March 14. Mar. 19 Received a $630 credit memorandum from Spell Supply for office equipment received on March 9 and returned for credit. Mar. 20 Received payment from Jovita Albany for the sale of March 10 less the discount. Mar. 23 Issued Check No. 418 to CD Company in payment of the invoice of March 13 less the March 17 return and the discount. Mar. 27 Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $14,910 (cost is $7,220). Mar. 28 Sold merchandise on credit to Linda Witt, Invoice No. 858, for $4,315 (cost is $3,280). Mar. 31 Issued Check No. 419, payable to Payroll, in payment of sales salaries expense for the last half of the month, $18,300. Cashed the check and paid the employees. Mar. 31 Cash sales for the last half of the month are $30,180 (cost is $16,820). - GENERAL JOURNAL