Answer and Explanation:
The journal entries are shown below:
For Vaughn:
Equipment $16,080
Accumulated Depreciation $25,460
To Equipment $37,520
To Cash $4,020
(Being the exchange is recorded)
For Bramble:
Equipment(new) $16,750
Accumulated Depreciation $13,400
Cash $4,020
Loss on exchange(balance item) $3,350
To Equipment(old) $37,520
(Being the exchange is recorded)
Only these entries are passed and it attains lacking of commercial substance
Answer:
The answer is $67807
Explanation:
we want to find minimal annual savings we will therefore use financial calculator. for figures we do not have ie: I/YR interest and PMT payment we will compute 0 for those figures. the explanation is below in an attachment
Answer and Explanation:
The computation is shown below:
a. For delivery service product cost:
Indirect materials $6,500
Depreciation on delivery equipment $11,800
Dispatcher's salary $5,530
Gas and oil for delivery trucks $2,300
Drivers' salaries $17,100
Delivery equipment repairs $500
Total $43,730
b) For Period costs:
Property taxes on office building $920
CEO's salary $12,400
Advertising $4,700
Office supplies $710
Office utilities $1,040
Repairs on office equipment $270
Total $20,040
The nominal interest rate given the effective rate and the number of compounding is 7.5%.
<h3>What is the nominal rate?</h3>
The effective rate is the actual interest rate earned on an investment when the rate of compounding is accounted for.
Nominal interest rate = m × [ ( 1 + i)^1/m - 1 ],
Where:
- M = number of compounding
- i = effective interest rate
4 x [(1.077136)^0.25 - 1] = 7.5%
To learn more about the effective annual rate, please check: brainly.com/question/4064975