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4 years ago

How much miles can a BMW go

2 answers:

8 0

A BMW can drive for at least 300,000 miles because, it Depends on how high maintained it is. It also depends on the daily gas changes! Really hope this helps

nekit [7.7K]4 years ago

5 0

It can drive minimum 100,000 for sure but you will go a lot of times to service because it is not so strong like japanese cars

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During the course of your examination of the financial statements of the Hales Corporation for the year ended December 31, 2021,

Nana76 [90]

Answer:

$35,260

Explanation:

Calculation to Determine the proper amount of net income for 2021

Unadjusted net income $33,000

Adjustments:

a. Insurance expense overstated $2,800

[4,200-(4,200/3)]

b. Sales revenue overstated $(675)

c. Supplies expense overstated $645

d. Interest expense understated $(510)

(12%*17,000*3/12)

Adjusted net income $35,260

Therefore the proper amount of net income for 2021 will be $35,260

3 0

3 years ago

Pharoah Company reported net income of $1.30 million in 2022. Depreciation for the year was $208,000, accounts receivable decrea

Jet001 [13]

Answer:

Net cash flow from operating activities

$1,599,000

Explanation:

Pharoah Company

Cash flow from operating activities :

Net income $1,300,000

Net Cash flow from operating activities:

Add depreciation $208,000

Add accounts receivable decreased $455,000

Less accounts payable decreased ($364,000)

Net cash flow from operating activities $1,599,000

7 0

3 years ago

Beranek Corp has $695,000 of assets (which equal total invested capital), and it uses no debt - it is financed only with common

lesya692 [45]

Answer:

$278,000

Explanation:

Data provided:

Total invested capital or assets = $695,000

Total debt to total capital ratio = 40%

now,

$\frac{\textup{Total debt}}{\textup{Total capital}}$ = $\frac{\textup{40}}{\textup{100}}$

Total debt = 0.4 × Total capital

Total debt = 0.4 × $695,000

Total debt = $278,000

Hence,

The firm must borrow $278,000 to achieve the desired ratio

3 0

3 years ago

J. S. Bach's organ chorale prelude "Jesu, Joy of Man's Desiring" is an example of ______ texture.

drek231 [11]

The answer is "polyphonic"

Hope this helps:)

3 0

3 years ago

Read 2 more answers

Babcock Company purchased a piece of machinery for $36,000 on January 1, 2019, and has been depreciating the machine using the s

pogonyaev

Answer:

Requirement 1:

Dr Accumulated Depreciation $9,600

Cr Retained Earnings Account $9,600

Requirement 2:

Dr Depreciation Expense $6,000

Cr Accumulated Depreciation $6,000

Explanation:

Year Remaining Life of machine Depreciation fraction

1 5 5/15

2 4 4/15

3 3 3/15

4 2 2/15

5 1 1/15

Total 15

Now here, the depreciation formula is as under:

Depreciation expense = (Cost - Salvage Value) * Fraction value

Year 2019:

The sum of years digit fraction would be 5/15 and the cost of the machinery is $36,000. So

Depreciation Expense = ($36,000 - 0) * 5/15 = $12,000

Year 2020:

The sum of years digit fraction would be 5/15 and the cost of the machinery is $36,000. So

Depreciation Expense = ($36,000 - 0) * 4/15 = $9,600

Year 2021:

Now in this year the there is change in estimate and a switch in the use of the depreciation method, which is now straight line method. The change in estimate only includes the useful life of the asset which is 6 years from the date of purchase.

So for straight-line depreciation:

Depreciation Expense = (Cost - Salvage Value) / Useful Life

By simply putting values, we have:

Depreciation Expense = $36,000 / 6 years = $6,000 per year

So this means, according to change in accounting policy, the excess depreciation charged must be eliminated from the previous years. The depreciation charge for the previous 2 years must be $12,000 and the excess depreciation charge is calculated as under:

Carrying value of the asset = $21,600 - $12,000 = $9,600

Requirement 1:

The double entry according to the US GAAP, for the excess depreciation charge in the previous years would be the waiving off of retained earnings with the excess depreciation amount calculated above.

Dr Accumulated Depreciation $9,600

Cr Retained Earnings Account $9,600

Requirement 2:

The depreciation expense for the year 2021, would be recorded as under:

Dr Depreciation Expense $6,000

Cr Accumulated Depreciation $6,000

3 0

4 years ago