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ElenaW [278]
3 years ago
14

Henry Company traded in an old delivery truck for a new one. The old truck had a cost of $78,000 and accumulated depreciation of

$44,000. The new truck had an invoice price of $122,000. Henry was given a $12,000 trade-in allowance on the old truck, which meant they paid $110,000 in addition to the old truck to acquire the new truck. What is the recorded value of the new truck
Business
1 answer:
babymother [125]3 years ago
6 0

Answer:

The new truck will enter the account with the invoice value.

new truck 122,000

ac dep old truck 44,000

loss on trade 22,000

Cash 110,000

Old Truck 78,000

Explanation:

Old truck 78,000

acc depreciation 44,000

net-book value 34,000

trade-in allowance 12,000

loss on trade 22,000

The new truck will enter the account with the invoice value.

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Larry, a human resources executive at Printopress, caters to the human resources needs of other departments in the company, such
lozanna [386]

Answer:

A) Functional departmentalization

Explanation:

Functional departmentalization -

The functional departmentalization , a specific organization is organized into various departments depending on the functions each of the department do , is known as functional departmentalization .

The advantage of Functional departmentalization is that it increases the efficiency of the organisation .

hence , from the question ,

The correct term according to the given information is Functional departmentalization .

8 0
3 years ago
Scobie Company began 2016 with a retained earnings balance of $142,400. During an examination of its accounting records on Decem
tino4ka555 [31]

The total retained earnings on 31st December 2016 is $197,100. The journal entry are attached below.

<h3>What is Retained Earnings?</h3>

Retained earning is basically the profits of the company which is kept aside to meet the future requirement of the company. It the amount which is left over after deducting all cost such as direct cost, indirect cost, income taxes and dividend.

The retained earning is used in the future projects or for buying the equipment for the company.

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6 0
2 years ago
Match each important word with the phrase that best defines it.
Artyom0805 [142]

report the other answers it’s a virus
5 0
3 years ago
-2x^2y, if x=-3 and y=-1
REY [17]
It would be 6 because -2x-3= 6 and the exponent comes out to one so 6 times nothing is 6. :)
3 0
3 years ago
LRQ Inc. issued bonds on April 18, 2006. The bonds had a coupon rate of 5.5%, with interest paid semiannually. The face value of
ankoles [38]

Answer:

$857

Explanation:

Price of the bond is the present value of all cash flows of the bond. These cash flows include the coupon payment and the maturity payment of the bond. Both of these cash flows discounted and added to calculate the value of the bond.

According to given data

Face value of the bond is $1,000

Coupon payment = C = $1,000 x 5.5% = $55 annually = $27.5 semiannually

Number of periods = n = (April 18, 2036 - April 18, 2020) years x 2 = 16 x 2 period = 32 periods

Market Rate = 7% annually = 3.5% semiannually

Price of the bond is calculated by following formula:

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = 27.5 x [ ( 1 - ( 1 + 3.5% )^-32 ) / 3.5% ] + [ $1,000 / ( 1 + 3.5% )^32 ]

Price of the Bond = $524.29 + $332.59 = $856.98 = $857

8 0
3 years ago
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