Asking that all sources of income be revealed on a credit application is prohibited by the ecoa.

Cliff Company traded in an old truck for a new one. The old truck had a cost of $130,000 and accumulated depreciation of $65,000

RSB [31]

Answer:

the recorded value of the new truck is $135,000

Explanation:

The computation of the recorded value of the new truck is given below;

In the case when the transaction has the commercial substance so the recorded value of the new truck would be equivalent to the invoice price or the fair value i.e. $135,000

Hence, the recorded value of the new truck is $135,000

The same would be considered and relevant

And all other values are to be ignored

4 0

3 years ago

Determine whether each of the following events causes a shift of a curve or a movement along a curve in the short run. Indicate

Vaselesa [24]

Answer:

Check the explanation

Explanation:

Increase in value of dollar has made the foreign steel (a major commodity used in production) cheaper for American producers.

This will reduce the cost of production of American Producers and would increase their profit-margin.

This will induce US firms to produce more and therefore there will be increase in short-run aggregate supply.

So, the given scenario will involve short-run aggregate supply curve and would shift the curve to the right.

Kindly check the attached image below to see the required graph -

4 0

3 years ago

At Bapostsyl, a telecommunications company, marketing managers are hired after testing their strategic thinking capabilities thr

user100 [1]

Answer:

B) assessment centers

Explanation:

Since in the question it is mentioned that the company could hired marketing managers after testing their strategic thinking by providing the job description i.e any task designed to provide you with an realistic summary of the day-to-day tasks you are interviewing.

So according to the given situation, the company uses the assessment centers so that they could analyze the individual performance at the time of interview

4 0

3 years ago

Synergy Inc. manufactured 5,000 units during the month of March. They incurred direct materials cost of $100,000 and overhead co

babymother [125]

Answer:

D) $30,000

Explanation:

To calculate the prime cost per unit we can use the following formula:

prime cost per unit = direct materials per unit + direct labor per unit = $26

We were given the total direct materials, so to determine the direct per unit we divide that by the total units produced: $100,000 / 5,000 units = $20

direct labor per unit = prime cost per unit - direct materials per unit

direct labor per unit = $26 - $20 = $6

Now to calculate the total labor cost we multiply the direct labor per unit ($6) times 5,000 units = $30,000

3 0

4 years ago

From the following list of selected items taken from the records of Rosewood Appliance Service as of a specific date, identify t

Lilit [14]

Answer:

Yes
Yes
Yes
Yes
No
Yes
No
Yes
No
Yes

Explanation:

Accounts payable is a balance sheet item as it connotes the amount the company owes its creditors.
Accounts receivable would appear on the balance sheet as it relates to amount customers owe the company.
Capital is a balance sheet component. It forms part of equity.
Cash would appear on the balance sheet.
Fees earned is an income statement item.
Land belongs to category of fixed assets in the balance sheet.
Rent expense is an income statement item.
Supplies is a current asset, it would appear on the balance sheet.
Wages expense is an income statement item.
Wages payable would appear on the balance sheet. It means wages the company owes its employees.

7 0

3 years ago