So you know if the vehicle is drivable or not and also so you know what you are getting into when you inspect the car or truck
Answer:
The monthly increase of revenue is 0.4273%
Explanation:
given annual interest rate=5.25%
There are 12 months in a year
Dividing yearly interest rate to monthly interest rate,the equation will be

As
%
Sove above equation,we will get
Monthly increase in revenue=
=0.4273%
Answer:
$1,000 gain
Explanation:
The cost basis for the vehicles was $6,000 and the carrying cost was $4,000 = $2,000 depreciation
If they sold the vehicles for $5,000, then they had a $1,000 gain (= $5,000 - $4,000). The journal entries should be as following:
Dr Cash account 5,000
Dr Accumulated Depreciation account 2,000
Cr Motor Vehicles account 6,000
Cr Gain on Motor Vehicles 1,000
Answer:
Check the explanation
Explanation:
The raw material that was used during the month is calculated by adding beginning inventory with purchases and deducting the ending inventory from it.
Here from the below equation, only the purchase are not given, so we put the figures in the formulas and get the amount of purchases.
The beginning and ending balance are also given only purchases are rising, which can be calculated as given above.
Kindly check the workings in the attached image below.
I’m confused about the question