Answer:
$46,100
Explanation:
Given costs are;
cash price = $43,000
Accident insurance = $4,200
Sales taxes = $3,100
motor vehicle license = $100
painting and lettering = $400
The cost to be included as the cost for the truck are all the cost required to bring the truck to a state where it is available for use.
From the given costs, these cost are cash price and Sales taxes. Others are to be expensed.
Cost of truck = $43,000 + $3,100
= $46,100
Answer:
$10,181
Explanation:
Given that,
Unadjusted Cash Balance as of may 31 = $9,58
Interest revenue = $18
Note Collected by Bank = $700
NSF check = $98
Bank service charges = $25
Outstanding checks = $1,461
deposits in transit as of May 31 = $210
True Cash Balance as of May 31:
= Unadjusted Cash Balance as of may 31 + Interest Earned + Note Collected by Bank - NSF check - Bank charges
= $9,586 + $18 + $700 - $98 - $25
= $10,304 - $123
= $10,181
Answer:
Option B 36 months
Explanation:
The reason is that it meets both the budget requirement which is it must be under $250 and must be the one that pays the principle and the interest amount as quickly as possible. So if Markel choses the option with monthly instalments made within 36 which is under $250 then it will also enable him to pay his liabilities as early as possible.