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Bingel [31]
3 years ago
6

Belvedere Corporation had a balance in its Equipment account on January 1, Year 1 of $341,200. During the year, equipment origin

ally costing $93,100 and having Accumulated Depreciation of $24,500 was sold for $70,600. The ending balance of the Equipment Account was $304,700. How much did the company spend to purchase additional equipment during Year 1
Business
1 answer:
Varvara68 [4.7K]3 years ago
5 0

Answer:

$56,600.00

Explanation:

The amount the company spent on purchase of additional equipment during year 1 can be ascertained using the formula below:

amount spent on additional equipment=ending balance of equipment-(beginning balance-cost of equipment sold)

ending balance of equipment is  $304,700

beginning balance is $341,200

cost of equipment sold is $93,100

amount on additional equipment=$304,700-($341,200-$93,100)=$56,600.00  

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dalvyx [7]

Answer:

More interest payments on yearly computing.

Explanation:

It is generally said that if you can get monthly annual payments compared to yearly payments take it without a thought. This statement explains a lot; normally month payments are not available, but in some case they are. In annual payments, 12 months are compounded that is why it is higher rate compared to monthly. So, monthly payments are preferred

6 0
3 years ago
Four years ago, a popular sandwich company used to sell 12-inch roast beef subs for only $5, but the same product now costs $7.6
Alex17521 [72]

Answer:

11.36%

Explanation:

Divide the new price of roast beef with the old one. 7.69 / 5

7.69 ÷ 5 = 1.538

Also divide 1 with the number of years inflation occur

1 ÷ 4 = 0.25

Next, is to raise the first answer gotten to the power of second.

1. 538 ^ 0.25 = 1.113625

Subtract from from 1

1 - 1.1136235 = -0.1136 = - 11.36%

8 0
3 years ago
Acme Global had to put its plans to build a new plant on hold when interest rates went up and the organization was not able to b
s2008m [1.1K]

Answer:

The economy

Explanation:

The external environment refers to the outside factors that can affect an organization's operations. One of those factors is the economy as changes on things like exchange rates, interest rates and taxes can provide opportunities or create threats for a company. According to this, the answer is that this represents the influence of the economy in the external environment on the organization as the increase on the interest rates didn't allow the company to borrow the money to build the plant.

7 0
3 years ago
If the project's performance is expressed by this graph, which of the following is true about the project performance
joja [24]

If this graph expresses the project's performance.  the statement the project is performing behind schedule and under budget is true.

In discrete mathematics, a graph is a collection of points called vertices and lines between those points called edges. There are different types of charts, including B, Connected and disconnected charts, bipartite charts, weighted charts, directed and undirected charts, and simple charts. Graphs are a common way to show relationships in data visually. The purpose of charts is to display data that is too large or too complex to adequately explain with less text or space.

Learn more about graphs here

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5 0
2 years ago
The Department of Commerce in Washington D.C. is developing the macroeconomic report for the nations previous economic quarter.
sergij07 [2.7K]

Answer:

quantitative measurements of the nation's economic activity from last quarter

6 0
3 years ago
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