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3 years ago

A balance is _____.

Business

2 answers:

SpyIntel [72]3 years ago

4 0

The amount of money you have in your account

harina [27]3 years ago

4 0

Answer:

The amount of money you have in your account

Explanation:

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Equipment was purchased for $94700 on January 1, 2021. Freight charges amounted to $3800 and there was a cost of $12000 for buil

musickatia [10]

Answer:

$34,200

Explanation:

Step 1 : Cost of Equipment

Cost of Equipment include Purchase Price plus other costs directly incurred to put the asset in location and condition intended for use by management

Cost of Equipment = $110,500

Step 2 : Depreciation

Depreciation = (Cost - Residual Value)/ Useful Life

= $17,100

Step 3 : Accumulated Depreciation

Accumulated Depreciation = $17,100 x 2 = $34,200

Therefore,

the amount of accumulated depreciation at December 31, 2022 is $34,200

3 0

3 years ago

You have decided to buy a used car. The dealer has offered you two options: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use

Marysya12 [62]

Answer:

1. In option (a), the dealer would charge $18,213.54.

b. In present value terms, the one-time payment (option (b) is a better deal for the purchaser.

Explanation:

a) Data and Calculations:

Monthly payment for a used car = $620

Payment period = 20 months

Additional payment at the end of 20 months = $12,000

Annual interest rate = 24%

One-time payment for the car purchase = $16,864

From an online financial calculator, the present value of the payments is:

N (# of periods) 20

I/Y (Interest per year) 24

PMT (Periodic Payment) 620

FV (Future Value) 12000

Results

PV = $18,213.54

Sum of all periodic payments = $12,400.00

Total Interest = $6,186.46

3 0

3 years ago

ATTENTION I WILL GIVE BRAINLIEST!!!!

Katyanochek1 [597]

I can help ya I will email u the answer

4 0

3 years ago

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BabaBlast [244]

Answer:

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6 0

3 years ago

A company using the perpetual inventory method paid $200 cash to have goods delivered from one of its suppliers. The payment of

Montano1993 [528]

Answer:

An asset exchange transaction which increases the cost of the purchased merchandise.

The firm gives the transportation company money (which is an asset) and since the transportation costs are included in the cost of the merchandise, the firm is paying a fraction of the cost of the asset.

When you are calculating the purchase cost of goods you must include the price of the goods, transportation costs, and any other associated expense like insurance costs and import fees, etc.

Transportation costs are only included in the COGS when the firm acquires the goods, but when the firm sells the goods, any distribution cost is not included under production costs, instead they are included under the sales costs.

5 0

3 years ago