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NNADVOKAT [17]
3 years ago
11

equired information [The following information applies to the questions displayed below.] Three different companies each purchas

ed trucks on January 1, 2018, for $50,000. Each truck was expected to last four years or 200,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 66,000 miles in 2018, 42,000 miles in 2019, 40,000 miles in 2020, and 60,000 miles in 2021. Each of the three companies earned $40,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double-declining-balance depreciation, and company C uses units-of-production depreciation. Answer each of the following questions. Ignore the effects of income taxes. Required Required a-1. Calculate the net income for 2018?
Business
1 answer:
Shkiper50 [21]3 years ago
6 0

Answer:

Check the explanation

Explanation:

the 2018 net income for company A, B and C

Company A:  

Depreciation expense  11250  =     (50000-5000)/4

Net income  28750  =   40000-11250

 

Company B:  

Depreciation expense  25000  =   50000*50%i.e 0.5

Net income  15000  = 40000-25000

 

Company C:  

Depreciation expense  14850 =(50000-5000)/200000*66000

Net income  25150 =40000-14850

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When an investor's accounting period ends on a date that does not coincide with an interest receipt date for bonds held as an in
Serhud [2]

Answer:

make an adjusting entry to debit Interest Receivable and to credit Interest Revenue for the amount of interest accrued since the last interest receipt date.

Explanation:

Adjusting entries are used at the end of an accounting period to assign income and expenses that has accrued.

In this instance when the interest reciept day comes after accounting period we need to recognise the amount of interest earned so far.

The amount accrued since last interest payment date is calculated.

This amount has been earned so it should be recognised as revenue. To do this we debit interest receivable and credit interest revenue.

5 0
3 years ago
Which of these is one way to quantify the personal value of a good service?
vekshin1

One way of quantifying the personal value of a good or service is by having to find the monetary value of a particular something by which the person is likely to be willing to trade in—in exchange for a particular good or a service.

6 0
3 years ago
2. Finding the Maturity You've just found a 10 percent coupon bond on the market that sells for par
kirill [66]

Answer and Explanation:

The computation of the maturity of the bond is as follows;

When the bond sales at par that means the future value is equivalent to the present value. Also the par value is considered as a future value and we assume the par value be $1,000. Also the coupon rate and the market rate is the same i.e. 10%

Now

Present value = $1,000

Future value = $1,000

PMT = 10% of $1,000 = $100

RATE = 10%

The formula is shown below:

= NPER(RATE;PMT;-PV;FV;TYPE)

The present value comes in negative

After applying the above formula, the maturity would be

As it shows #VALUE so it is not able to find therefore the maturity would be equal to the par value i.e. $1,000

6 0
3 years ago
A ball rolls across a floor with an acceleration of 0.100 m/s2 in a direction opposite to its velocity. The ball has a velocity
lilavasa [31]

Answer:

a. 4.15 m/s.

Explanation:

Given the following data;

Acceleration, a = -0.100 because it's in the opposite direction.

Final velocity = 4

Distance = 6

To find the initial velocity of the ball, we would use the third equation of motion;

V^{2} = U^{2} + 2aS

Where;

  • V represents the final velocity measured in meter per seconds.
  • U represents the initial velocity measured in meter per seconds.
  • a represents acceleration measured in meters per seconds square.
  • S represents the displacement measured in meters.

V^{2} = U^{2} + 2aS

Making U the subject, we have;

U^{2} = V^{2} - 2aS

Substituting into the equation, we have;

U^{2} = 4^{2} - 2*(-0.100)*(6)

U^{2} = 16 + 1.2

U^{2} = 17. 2

Taking the square root of both sides;

U = 4.147m/s ≈ 4.15m/s

Therefore, the initial speed of the ball is 4.15m/s.

7 0
3 years ago
Which scenario might produce a new equilibrium interest rate of 5% and a new equilibrium quantity of loanable funds of $150 bill
Zigmanuir [339]

Answer:

Increase in capital inflows from other countries

Explanation:

An increase in capital inflows can be known to produce a boom in an economy. It leads to an appreciation of nominal exchange rate and also the real exchange rate. It is the inflow of capital from one nation to another nation. It takes place through the aid of the government, private organizations and international organizations or probably agencies.

Increase in capital inflows from other countries can bring about an equilibrium interest rate of 5% and a new equilibrium quantity of loanable funds of $150 billion.

7 0
3 years ago
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