Payback period and npv of alternative automobile purchase wendy li decided to purchase a new honda civic. being concerned about environmental issues she is leaning toward a honda civic hybrid rather than the completely gasoline-powered lx model. nevertheless, she wants to determine if there is an economic justification for purchasing the hybrid, which costs $4,950 more than the lx based on a mix of city and highway driving she predicts that the average gas mileage of each car is 40 mpg for the hybrid and 30 mpg for the lx. wendy also anticipates she will drive an average of 12,000 miles per year and that gasoline will cost an average of $2.75 per gallon over the next four years. she also plans to replace whichever car she purchases at the end of four years when the resale values of the hybrid and the lx are predicted to be $12,000 and $8,500 respectively. required a. determine the payback period of the incremental investment associated with purchasing the hybrid. 0 years b. determine the net present value of the incremental investment associated with purchasing the hybrid at a ten percent time value of money. use a negative sign with your answer, if appropriate. round answer to the nearest whole number. $ 0 c. determine the cost of gasoline required for a payback period of three years on the incremental investment. round answer to two decimal places $ 0

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya.jan. 3purchased on account 350 widgets for $11 each.b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c.jan. 10purchased on account 625 widgets for $12 each.d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company.e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered.f.jan. 13paid for the purchases made on jan. 3.g.jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h.jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition.i.jan. 25received payment for the sale made on jan. 5.j.jan. 26paid for the purchases made on jan. 10.k.jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."