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Blizzard [7]
3 years ago
13

A truck costs $9,000 with a residual value of $1,000. the truck is expected to have a useful life of 40,000 miles. By assuming t

he truck is driven 10,000 miles the first year, the depreciation expense would be:
Business
1 answer:
slavikrds [6]3 years ago
7 0

Answer:

$2,000

Explanation:

Cost of truck =  $9,000

Residual value =  $1,000

Value to be depreciated =  $9,000 -  $1,000

                                        =  $8,000

if the truck has a useful life of 40,000 miles and 10,000 miles is covered in the first year,

Depreciation expense for the first year = (10000/40000) ×  $8,000

                                                 =  $2,000

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g According to the CAPM, what is the expected rate of return for a stock with a beta of 1.2. when the risk-free rate is 6% and t
lys-0071 [83]

Answer:

20.40%

Explanation:

According to CAPM :

expected rate of return = risk free rate + (beta x market rate of return)

6% + (1.2 x 12%) = 20.40%

6 0
3 years ago
The Breeze trading company discloses the following information for the month of August 2016.
s344n2d4d5 [400]

Answer:

Periodic system: FIFO ; COGS= $11400, closing inventory = $7700, gross profit=$14000. LIFO = closing stock= 6600, COGS=$12500, gross profit=12900.

perpetual system: FIFO ;COGS=11400, closing stock= $7700, gross profit= $11400. LIFO ; COGS=$12500, closing stock= $6600, gross profit = $12900

Reason for a higher gross profit in FIFO than LIFO is some of the stock ends up not being sold as they are maybe old, out-fashioned, and obviously new trend come about everyday.

Explanation:

PERIODIC    

DR  purchases account    CR

11-Aug bank 9600  inventory 16100

20-Aug bank 6500    

     

                <u>16100</u>                  <u> 16100 </u>

 FIFA cost of sales  

   

opening balance   3000

purchases     16100

closing             7700

cost of sales     <u> 11400</u>

gross profit   <u>14000</u>

sales           25400

cost of sales   11400

closing inventory           <u>7700</u>

200 units from 11 aug   1200

1000 units from 20 aug   6500

LIFO  

closing balance         <u>6600</u>

600 units from 01 aug   3000

600 units from 11 aug   3600

Cost of sales  

opening stock  3000

purchases   16100

closing stock   6600

cost of sales   <u>12500</u>

   

gross profit   <u>12900</u>

sales         25400

cost of sales   12500

perpetual inventory system    

  FIFA

cost of sales   <u>11400</u>

10-Aug   2000

15-Aug   5800

27-Aug   3600

3 0
3 years ago
When looking for a job, taking initiative will help your search efforts. true or false?
BartSMP [9]
The answer is true. Hope this helps.
3 0
3 years ago
Business schools generally train students to follow ________ decision-making models
tatiyna
<span>Business schools generally train students to follow rational decision-making models.
These types of schools want their students to implement the knowledge they got from their studies into their everyday working lives in the future where they will have to be rational when making certain decisions in the workplace. </span>
8 0
3 years ago
A local chamber of commerce plans a seminar on ""the social responsibility of business in our community. "" what does the term r
Mashcka [7]

A local Chamber of Commerce plans a seminar on “the social responsibility of business in our community.” What does that term reference?

( The expectations that the community imposes on firms doing business inside its borders.) correct answer of your question ✅
8 0
2 years ago
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