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Bramble Company purchased a new van for floral deliveries on January 1, 2018. The van cost $66000 with an estimated life of 5 ye

fgiga [73]

Answer:

$42,240

Explanation:

The computation of the balance of the Accumulated Depreciation account at the end of 2019 is as follows;

But before that the depreciation rate is

= 1 ÷ 5 × 2

= 40%

For the first year, the depreciation expense is

= $66,000 × 40%

= $26,400

Now for the 2019, the depreciation expense is

= ($66,000 - $26,400) × 40%

= $15,840

Now the accumulated depreciation is

= $26,400 + $15,840

= $42,240

6 0

3 years ago

Suppose that Sam, an economist from a research institute in Texas, and Teresa, an economist from a public television program, ar

Anuta_ua [19.1K]

Answer:

The correct answer is letter "B": differences in perception versus reality.

Explanation:

In the discussion, it is clear to see that Sam believes it is unfair to tax "responsible" people so others can benefit from the money collected. Whereas Teresa believes that providing part of those funds to promote health care programs is fair. The different points of view reflect a difference in perception over reality mostly in Sam's cases since not only "responsible" people are taxed. Everybody with revenue is. Even people who eventually benefit from social programs pay taxes too.

8 0

3 years ago

A company purchased $2,900 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $750 worth of merchandise. On

Alekssandra [29.7K]

Answer:

The journal entry to record payment on 12th July is shown below:

Dr Accounts payable $2150

Cr Cash $2,107

Cr discount received $43

Explanation:

The purchase of merchandise of $2900 on July 5 gives rise to the below journal entries

Dr Inventory $2,900

Cr Accounts payable $2,900

However, the return of goods worth $750 two days after implies that the value of inventory and accounts payable have reduced by $750 each

As a result, amount being owed is now $2150($2900-$750).

Besides, the payment on July 12 was within the discount period,hence the amount paid is the $2150 outstanding less 2% discount,which gives to payment of $2,107 and discount of $43

3 0

3 years ago

Bramble Furniture Company started construction of a combination office and warehouse building for its own use at an estimated co

Anestetic [448]

Answer :

Avoidable interest = $427,298.28

Explanation :

With the help of following steps we can calculate the avoidable interest on this project :

Interest payable on short term loan = $1,612,700 × 10% = $161,270

Interest payable on long term loan = $1,005,400 × 11% = $110,594

Therefore,

Weighted average interest rate = ($161,270 + $110,594) ÷ ($1,612,700 + $1,005,400) × 100

= 10.38%

Now

Avoidable interest is

= [$1,986,000 × 12%] + [($3,806,600 - $1,986,000) 10.38%]

= $427,298.28

5 0

3 years ago

A trait is quality of your own character. True or false

Semenov [28]

True. Traits are similar to characteristics of a character

6 0

3 years ago

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