Answer and Explanation:
The Journal entry is shown below:-
Amount should be capitalized for new vehicle = Cost + Painting and new logo cost + Deluxe Roof rack and trailer hitch
= $15,600 + $6,600 + $2,900
= $25,100
We took the cost of painting and deluxe roof and trailer hitch costs into account as they are supposed to increase the vehicle's future benefits.
Depreciation = (Cost - Salvage Value) ÷ Number of Years
= ($25,100 - $6,300) ÷ 5
= $3,760 per year
In the year 2022 vehicle is used only for 6 months (July to Dec), depreciation expense for the year ended December 31, 2022 is
= $3,760 × 6 ÷ 12
= $1,880
So, the Journal entry is
Depreciation expense Dr, $1,880
To Accumulated Depreciation $1,880
(Being depreciation provided for the year 2022 is recorded)
Therefore for recording the depreciation provided for the year 2022 we simply debited the depreciation expenses while we credited the accumulated depreciation.
Answer:
1. M1 and M2
2. M2
3. M2
Explanation:
M1 and M2 are the monetary aggregates.
M1 includes = Currency with the public + Demand deposits + Other deposits with the RBI
M1 is most liquefied among all of the monetary aggregates because it includes cash and other highly liquefied assets.
M2 includes = M1 + Post office savings deposits + non-institutional money market fund + small time deposits
1. The withdrawal from the bank reduces the M1 and we know that M1 is a component of M2, so M2 also falls. Therefore, this transaction belongs to both M1 and M2.
2. Certificate of deposits of $8,000 for a two year is a component of M2 monetary aggregates because small time deposits are a part of M2.
3. The amount of money as the non-institutional money market funds is a part of M2.
This means that you should wait a particular amount of time until your tax return will be processed. It could be 1 hour or 4-5 days. It happens when your tax return is being processed in manual mode. Or it could be a glitch in a software they use. In that case you should ask them to process your tax return manually.
Answer:
The median or mode
Explanation:
The median, mean, and mode are the most common measures of central tendency.
From the question, five homes were recently sold in Oxnard Acres. Four of the homes sold for $400,000, while the fifth home sold for $2.5 million. The data should look like this: (let a, b, c, and d, represent the four homes that sold for $400,000, and let e, represent the fifth home sold for $2.5 million). So, a + b + c + d = $400,000.
e = $2.5 million
Now, since the measure of central tendency is the center point or typical value of a dataset, the median can be used to measure central tendency from the data set above. The median is the middle, value when the dataset is arranged from the least value to the highest value, which also depends on if the dataset has an even or odd number of values. While the mode is that value that appears most. Ordinal data, which has no standard scale on which the difference in value in the dataset is measured are best measured using median or mode.
The problem is missing some parts:
First, how many parts should you purchase each time you
place an order.
H=.2*$4 = $0.80
S= $800
R = 50,000
Q = 2SRH
= 2(800) (50000) (.8)
= 10,000 units
The second question is how many timer per year will you
place orders.
Required order = R/Q
= 50000/10000
= 5 times