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Valentin [98]
3 years ago
9

Crane Company incurs these expenditures in purchasing a truck: cash price $22,280, accident insurance (during use) $1,940, sales

taxes $1,730, motor vehicle license $250, and painting and lettering $2,350.What is the cost of the truck?
Business
1 answer:
Vladimir [108]3 years ago
8 0

Answer:

Cost of Truck = $26360

Explanation:

given data

cash price = $22,280

accident insurance = $1,940

sales taxes = $1,730

motor vehicle license = $250

painting and lettering = $2,350

solution

we know that Accidental insurance and the vehicle license are not include in cost of truck because there are yearly cost so that cost of the truck will be as

cost of the truck = cash price + sales taxes + painting and lettering ..............1

put here value we get

Cost of Truck = $22,280 + $1,730 + $2,350

Cost of Truck = $26360

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Sylvio purchased an apartment building as an investment in January 2008 for $383,500 and sold it for $475,000 in 2014. He report
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Answer:

Hi there!!

$159,936

Explanation:

Sales proceeds                                                $475,000

Less: book value

 Cost                                       $383,500

 Accumulated depreciation <u> $(68,436)   </u>      <u> $315,064  </u>

Gain                                                                  $159,936      

Since Sylvio has maintained its investment for more than a year, the tax law allows reducing the tax on capital gain although the form of calculation of the profit is the same as for common cases.

In this case tax rate drops from 39.6% to 20%.

3 0
3 years ago
Assume that a one-year CD purchased for $1000 pays an APR of 10% that is compounded semi-annually. How much is in the account at
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Answer:

<u><em></em></u>

  • <em>At the end of the first compounding period: </em><u>$1,050.00</u>
  • <em>At the end of the second compounding period: </em><u>$1,102.50</u>

Explanation:

<u />

<u>1. First period:</u>

  • Investment: $1,000

  • <em>APR =  10%</em> = 0.1 compounded semi-annually.

  • <em>Semi-annually compound interest</em>: 0.1 / 2 = 0.05

  • Interest earned at the end of the first period: $1,000 × 0.05 = $50.00

  • Amount in the accoun at the end of the first period:

                                                        $1,000.00 + $50.00 = $1,050.00

<u>2. Second period</u>

  • Amount in the account beginning the second period: $1,050.00

  • Semi-annually compound interest: 0.1 / 2 = 0.05

  • Interest earned in the second period:

                                                      $1,050.00  × 0.05 = $50.00 = $52.50

  • Amount in the account at the end of the second period:

                                                     $1,050.00 + $52.50 = $1,102.50

6 0
3 years ago
Which of the following is a distinct advantage of exporting? A. Absolute control over operations in the foreign nation B. It may
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Answer: B. It may help a firm achieve experience curve and location economies

Explanation: Exporting is defined as the act of conveying or sending commodities abroad or to another country, in the course of commerce. Exporting provides a distinct advantage to firms in that it helps them achieve experience curve (which posits that the more experience a business has in the production of product, the lower its costs in producing the product) and location economies (the production of a good or product under the most optimum settings that confers an added advantage in cost of productions over their competitors).

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A good way to show your boss that you are dependable is to _____. a. arrive early b. arrive with snacks c. arrive late d. arrive
myrzilka [38]
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Dependable: Trustworthy and reliable.

B. Arriving with snacks doesn’t get you anywhere.

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D. A day off is a day off for a reason, go home pal.
3 0
3 years ago
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Answer:

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We are asked for a variation ofthe current ratio

whie current ratio is determinate like:

\frac{current\: assets }{current\: liab}

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