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Hitman42 [59]
3 years ago
11

On August 4, Armstrong Trucking, Inc., paid $4,500 to replace the engine in one of its trucks. Complete the necessary journal en

try by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Business
1 answer:
kolbaska11 [484]3 years ago
7 0

Answer:

Explanation:

The journal entry is shown below:

Truck A/c Dr $4,500

        To Cash A/c  $4,500

(Being the truck is replaced for cash)

Since the truck is replaced so we debited the truck account and credited the cash account so that the correct posting can be done.

The replacement cost increase its useful life which is capitalized so we also debited the truck account

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Many customers value fast, fresh, flavorful food that is free of preservatives, chemicals, and antibiotics. The marketing mix fa
Dennis_Churaev [7]

The marketing mix factor that represents the value of the product to a customer is price.

<h3>What is marketing mix?</h3>

Marketing mix simply means the elements that are involved in the marketing of a good. They're product, price, place, and promotion.

In this case, the marketing mix illustrated is price since it deals with the value of the product.

Learn more about marketing mix on:

brainly.com/question/14037774

5 0
2 years ago
Using the 20/10 rule, calculate the maximum amount to borrow if your net yearly income is $75,000
Delvig [45]
Using the 20/10 rule: you should never borrow more than 20% of your annual net income and monthly payments shouldn't be more than 10% of your monthly net income.

In this situation, we know the yearly net income is $75,000.
First we want to multiply 20% by $75,000  = $15,000 
$15,000 is 20% of your yearly net income.
This would be the most you'd want to borrow given the information provided. 
3 0
3 years ago
The loan review department at a major regional bank has an exceptionally high turnover of both administrative assistants and ana
Ray Of Light [21]

Answer:

Letter B is correct. <em>Organizational.</em>

Explanation:

Employee turnover is measured by an index that checks employee entry and exit rates in an organization. When the turnover rate is high it means that an organizational analysis should be performed to detect the possible causes of increased employee turnover.

It can be caused by situations related to organizational structure, such as failures in the selection process, unfavorable organizational climate that causes conflicts and demotivation, low benefits and compensation among others.

8 0
4 years ago
Nichols Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IR
PolarNik [594]

Answer:

a. 9.43%

Explanation:

IRR is the rate of return that makes initial investment equal to present value of cash inflows

Initial investment = Annuity*[1 - 1 /(1 + r)^n] /r

1250 = 325 * [1 - 1 / (1 + r)^5] /r

Using trial and error method, i.e., after trying various values for R, lets try R as 9.43%

1250 = 325 * [1 - 1 / (1 + 0.0943)5] /0.0943

1250 = 325 * 3.846639

1250 = 1,250

Therefore, The project IRR is 9.43%

3 0
3 years ago
Consider the futures contract written on the S&amp;P 500 index and maturing in one year. The interest rate is 4.2%, and the futu
Anarel [89]

Answer:

$1,534.372

Explanation:

The computation of the expected level of the index in one year is shown below:

= Current index level × 1 + expected rate of return on the market - expected future value of the dividend paid over the next year

= $1,433 × (1 + 8.4%) - $19

= $1,553.372 - $19

= $1,534.372

We simply applied the above formula so that the expected level of the index in one year could come

7 0
3 years ago
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