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Oliga [24]
3 years ago
14

An elderly relative offers to sell you their used 1958 Cadillac Eldorado for $54,000 You note that very similar cars are selling

on the open market for $87,000. You​ don't care for classic cars and would rather buy a new Ford Explorer for $31,000. What is the net value of buying the​ Cadillac?
Business
1 answer:
sammy [17]3 years ago
8 0

Answer:

$33,000

Explanation:

Calculation for net value of buying the​ Cadillac

Using this formula

Net value =Purchase-Resale price of the Cadillac

Let plug in the formula

Net value =$87,000-$54,000

Net value =$33,000

Therefore the net value of buying the​ Cadillac will be $33,000

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Flanders Company purchased an asset on January 1, 2021 for $60,000. The asset has an estimated salvage value of $3,000. Its esti
emmasim [6.3K]

Answer:

$14,250

Explanation:

Annual depreciation = (Cost - Salvage value) / Useful Life

Annual depreciation = ($60,000 - $3,000) / 8

Annual depreciation = $57,000 / 8

Annual depreciation = $7,125

Accumulated dep. at December 31, 2022 = $7,125 * 2

Accumulated dep. at December 31, 2022 = $14,250

So, the balance in accumulated depreciation using the straight-line method at December 31, 2022 is $14,250.

7 0
3 years ago
Which of the following dose not apply to field
Natasha2012 [34]

Answer:

there are no options there ....

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7 0
3 years ago
Read 2 more answers
Environmental Designs issues 3,000 shares of its $1 par value common stock at $15 per
patriot [66]

Environmental Designs issues 3,000 stocks of its $1 par cost not unusual stock at $15 per share. magazine entries required

1) coins (3000 stocks x $ 15) $45,000  

    not unusual stock - at par (3000 shares x $ 1 par)= $3,000

    extra paid-in capital in extra of Par - not unusual inventory                           $45,000 - $three,000= $forty two,000

 (to document issuance of stock)    

     

2) coins $45,000  

    not unusual inventory - no par   $45,000

 (to document issuance of stock)    

Examples of the environmental designs technique encompass the use of roadway noise laptop fashions in the design of noise obstacles and the use of roadway air dispersion fashions in reading and designing city highways.

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An environmental design diploma is an education program that teaches college students how to design environmentally sustainable areas. students enrolled in this degree program discover ways to make design selections that benefit both human beings and the herbal surroundings.

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8 0
2 years ago
(Ignore income taxes in this problem.) Alesi Corporation is considering purchasing a machine that would cost $283,850 and have a
gavmur [86]

Answer:

(A) Payback period for the machine= 3.5 years

(B) Simple rate of return for the machine= 87.5%

Explanation:

Alesu corporation is considering purchasing a machine that would cost $283,850

The useful life is 5 years

The machine would reduce cash operating costs by $81,100 per year

The salvage value is $107,100

(A) The payback period for the machine can be calculated as follows

= cost/amount of cash flow

= 283,850/81,100

= 3.5 years

(B) The simple rate of return for the machine can be calculated as follows

First we calculate the depreciation expense

= 283,850-107,100/5

= 176,750/5

= 35,350

Annual incremental income= cost savings -depreciation expenses

= 283,850-35,350

= 248,500

Simple rate of return = annual incremental income/cost × 100

= 248,500/283,850 × 100

= 0.875 × 100

= 87.5%

3 0
3 years ago
How many of the following events would require an expense to be recorded? Ordering office supplies Hiring a receptionist Paying
Marat540 [252]

Answer:

C)Two.

Paying employees' salaries for the current month

Receiving but not paying a current utility bill.

Explanation:

When salaries are played to employees, an entry is recorded in Salary Expense account.

In accrual accounting when utility bill is received it is recognised in the books even when payment has not been made. Because it is a current utility bill it has to be recorded in this period.

7 0
3 years ago
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