1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
levacccp [35]
3 years ago
9

Equipment, beginning of year $ 340,000 Equipment, end of year 420,000 Accumulated depreciation, beginning of year 190,000 Accumu

lated depreciation, end of year 184,000 Equipment with a cost of $20,000 and a book value of $6,000 was sold during the year for cash of $18,000. Additional equipment was purchased during the year for cash. What was the amount of cash paid for purchases of equipment during the year
Business
1 answer:
sertanlavr [38]3 years ago
3 0

Answer:

$100,000

Explanation:

The computation of the amount of cash paid for the purchase of equipment is shown below:

= Ending balance of an equipment + book value of the equipment - beginning balance of an equipment

= $420,000 + $20,000 - $340,000

= $440,000 - $340,000

= $100,000

We simply applied the above formula so that the amount of cash paid for the purchase of the equipment could come

You might be interested in
[55 points] (public health) in 1972 a one-in-six random survey of the electoral roll | largely concerned with studying heart dis
Flauer [41]
It needs to be an equivalent number to an equator and then times it and multiply the answer
5 0
3 years ago
Companies benefit from employee balance because, compared to poorly balanced employees, well balanced employees __________. a. S
LiRa [457]

Well balanced employees can be more productive, they can be more stable and stay on their jobs longer, and if they like their jobs, they will be satisfied. Your answer would be D! The reason why is that the other answer choices cover what a satisfied employee would do.

<br>

<span>Have a nice day! :)</span>

8 0
3 years ago
Read 2 more answers
You need to accumulate $10,000. To do so, you plan to make deposits of $1,100 per year - with the first payment being made a yea
guapka [62]

Answer:

Explanation:

Using future annuity formula

Fv = Pmt ( (1+r)ⁿ -1 )/ r

\frac{FVr}{Pmt}  + 1 = (1+r)ⁿ

In ( \frac{FVr}{Pmt} + 1) = n In ( 1+r)

n =  In ( \frac{FVr}{Pmt} + 1)  / In ( 1 + r)

FV, future value = $10,000, Pmt, periodic payment per year = $1,100, r rate = 11.82% = 0.1182 and n =  number of years

n = 0.7297 / 0.11172 = 6.53 years approx 7 years

the last year payment will actually be less than $1,100

6 0
3 years ago
Which of the following is true about a sole proprietorship?
Alex73 [517]
The right answer for the question that is being asked and shown above is that:  "d. A sole proprietorship has a life of its own apart from its owner." It is considered as the simplest business form where one can operate. It is not a legal entity in itself.
7 0
3 years ago
Predict how sports and entertainment marketing will change over the next decade.
Kitty [74]

Answer:

marketing will change the most over the next 10 years because location, browsing, and buying will be increasingly co-mingled. Analysts will use technological and psychological triggers to help us all buy more, and understand why we're buying.

Explanation:

3 0
3 years ago
Read 2 more answers
Other questions:
  • Suppose a basket of goods and services has been selected to calculate the consumer price index. In 2005, the basket of goods cos
    8·1 answer
  • "george gets paid on fridays for a week's work; mai ling gets paid for every five wedding veils she completes. george is on a __
    11·1 answer
  • Segments of business's macroenvironment include all of the following except a. the economic environment. b. the social environme
    5·1 answer
  • The following information pertains to Sooner Company's cash balance and bank reconciliation as of August 31: Company balance bef
    7·1 answer
  • If you are stopped for a DUI and you refuse to submit to a breath allies or test and is the second time you have been stopped yo
    11·1 answer
  • A difference between money issued by colonies and money issued by the continental congress was that money issued by each colony
    9·1 answer
  • Global ceos desire ___________ even more than profit growth, stimulating innovation, customer loyalty, and finding qualified emp
    9·1 answer
  • Tammy, a resident of Virginia, is considering whether to purchase a $100, 000 North Carolina bond that yields 4.6% before tax. S
    15·1 answer
  • Question 1 of 10
    7·1 answer
  • You are an experienced manager, and you fortunately have the ability to use all four managerial styles: directing, coaching, sup
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!