The contract will be awarded to ____ meets our qualifications. whomever whoever

ACME labs bought a new inspection device for $182,730. The accounting department has estimated that the device will have an annu

enyata [817]

Answer:

salvage value is $16,368.34

Explanation:

given data

initial cost = $182,730

annualized capital cost = $42,442

service life = 7 year

interest rate = 15%

solution

we get here first present value that is

annual value = rate × $\frac{present\ value}{(1 - (1+ r)^{-t})}$ .................1

put here value and we get

42,442 = 15% × $\frac{present\ value}{(1 - (1+ 0.15)^{-7})}$

solve it we get

present value = $176,576.5343

so

present value = initial investment + salvage value ..............2

we take here present value and initial investment will be negative

-176,576.5343 = -182,730 + salvage value(p/f,15%,7)

-176,576.5343 +182,730 = salvage value(p/f,15%,7)

6,153.465 = salvage value × 0.3759

salvage value = 16,368.34

3 0

2 years ago

Differences between open opportunity legal equality and free contract

Likurg_2 [28]

<span>open opportunity - allows people to participate in the market of their choice and what they want to do in the market
legal equality - assures people in each market have the same rights</span>

5 0

2 years ago

After several years of study as a part-time student, Alex recently earned a degree in marketing at a local college. The growth i

e-lub [12.9K]

Answer:

A) TRUE

Explanation:

Updating marketing skills is not unrelated to modern demands in a global environment influenced by technological disruption. The need to keep abreast of changes in digital marketing for instance is essential if you have to stay relevant in the world of marketing.

8 0

3 years ago

Mr. Able wants to set up a tax-deductible fund to be used to support young talented individuals to enhance their abilities. What

Gre4nikov [31]

Answer:

Mr. Able have to open a Private Foundation to set up a Tax-deductible fund.

Explanation:

They will exclude donations up to 30 per cent to 60 per cent of our income, based on the charity's existence and tax-exempt status.

You will state your expenses to assert a charitable deduction on your tax return.

Private foundation contributions are tax deductible up to 30 percent of the adjusted gross benefit for assets and up to 20 percent of the income for assessed shares, with a five-year hold forward.

therefore Mr Able must donate his funds

8 0

3 years ago

On July 22, Peter sold $23,500 of inventory items on credit with the terms 2/15, net 30. Payment on $15,000 sales was received o

Alchen [17]

Answer:

Entries that were made on August 1 to record the cash received is :

a. Cash..........14,700

Sales Discount. 300

Accounts Receivable 15,000

Explanation:

When the Inventory items were sold the entries are :

Trade Receivables $23,500 (debit)

Sales Revenue $23,500 (credit)

When payment is received on August 1, the payment is made within the discount period and the customer is eligible for the 15% cash discount.Entries would be as follows :

Cash $14,700 (debit)

Discount allowed $300 (debit)

Trade Receivable $15,000 (credit)

5 0

3 years ago