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3 years ago

Which of the following would result if a business purchased equipment with a 40% down payment in cash

1 answer:

8 0

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

Below are the choices that can be found elsewhere:

A. Equipment would increase, and Cash would decrease.
B. Accounts Payable would increase.
C. Since the equipment hasn’t been paid in full, there’s nothing torecord.
D. Both A and B

The answer is D.

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What was one benefit of the transcontinental railroad? it made cross-country travel times longer. it ended many risks of traveli

nasty-shy [4]

The benefit of the transcontinental railroad was that it ended many risks of traveling across the country.

<h3>Why was the transcontinental railroad created?</h3>

The American railroad, was created in 1869, with an important innovation through the connection between the coasts of the Atlantic and Pacific oceans, having as benefits the expansion of commercial and passenger transport routes in America.

Therefore, the transcontinental railroad was built using mechanized technology in the 19th century, increasing the safety and speed of travel.

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2 years ago

Why is there an inherent conflict between planning and control uses of budgets?

IrinaVladis [17]

Answer:

The main conflict that results between planning and control use of budgets is that managers might place their own personal interests before the interests of the company. This might result in budgets that are easily achievable (resulting in bonuses) or shifting income from one period to another in order to achieve certain budgets that will result in bonuses.

I will use a real life example that happened to me to explain this. I worked as a B2B sales representative for a large corporation (we were only 2 B2B salespeople + 1 manager) and when sales were slowing down, upper management would set up bonuses for achieving certain sales goals. The problem was that intentionally certain large sales that required management's approval were delayed and total sales would fall. Then suddenly the bonus show sup and all the large sales were approved and in two weeks the sales goals were achieved. Since B2B sales are not about selling to a lot of customers, but instead selling to the right customers a lot of products, a couple of delayed big sales made a huge difference and a 1% bonus meant changing your old car for a new one.

3 0

3 years ago

Northwestern Lumber Products currently has 17,500 shares of stock outstanding. Patricia, the financial manager, is considering i

SpyIntel [72]

Answer:

15,101.15 shares

Explanation:

Northwestern Lumber products has =17,500 shares of stock

The Manager Patricia considers issuing $135,000 of debt, at an interest rate of 6.6%

Let us find how many shares of stock will be outstanding once the debt is issued,

Given that

$65,000/17,500 = ($65,000 − 135,000(.066))/X

Then X = 15,101.15 shares

5 0

3 years ago

Weston acquires a new office machine (7-year class asset) on August 2, 2017, for $75,000. This is the only asset Weston acquired

Arturiano [62]

Answer:

The total cost recovery for 2017 is $38,838.75 and The total recovery cost for 2018 is $6457.031

Explanation:

for 2017:

additional first year depreciation = $75,000*50%

= $37,500

using 7-year MACRS mid quater converntion, the depreciation % for quater 4 is 3.57%

additional MACRS cost recovery = ($75,000 - $37,500)*3.57%

= $1338.75

total cost recovery for 2017 = $37,500 + $1338.75

= $38,838.75

for 2018, additional first year depreciation is $37,500

using 7-year MACRS mid quarter convention for next year, the depreciation % fpr quarter 4 is 27.55%

the machine sold in september , so it was used for two full quarters and half third quater

the recovery is computed for 2.5 over 4 quarters of a year

additional MARSC cost recovery = $37,500*27.55%*(2.5/4)

= $6457.031

total recovery cost for 2018 is $6457.031

Therefore, The total cost recovery for 2017 is $38,838.75 and The total recovery cost for 2018 is $6457.031

7 0

3 years ago

Piedmont Company purchased merchandise on account from a supplier for $40000, terms 1/10, n/30. Piedmont Company returned $6000

jenyasd209 [6]

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3 years ago