Answer:
2009
Explanation:
During the 1990s and early 2000s, the overall sale of more efficient cars decreased due to more strict fuel efficiency regulations on trucks and SUVs that actually increased the total number off trucks and SUVs sold, decreasing the average fuel efficiency by 1 mile per gallon.
It wasn't until President Obama passed stricter fuel efficiency regulations for all types of passenger vehicles that the overall efficiency increased.
Answer:
(C) $200.00 gain
Explanation:
The gain or loss on sale of fixed asset is calculated as follows:
Gain\Loss = Sale Price - (Cost of asset - Accumulated Depreciation)
If the value is positive it is gain and if the value is negative it is loss.
Here, we are provided that cost of asset = $6,000
Accumulated Depreciation = $5,000
And selling Price = $1,200
Thus, Gain/Loss = $1,200 - ($6,000 - $5,000)
= $1,200 - $1,000 = $200
As the value is positive that is selling price is more than carrying value of the asset there is a gain of $200
Thus, the correct option is
(C) $200.00 gain
D. it can help u narrow down.......
The implicit interest based on the information given is $165.
<h3>How to calculate the interest?</h3>
It should be noted that the implicit interest is calculated as:
= Inventory worth × Discount rate
= $16500 × 1%
= $165
Therefore, the implicit interest based on the information given is $165.
Learn more about interest on:
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