Answer:
$36,000
Explanation:
The first step is to calculate the fair value of the new truck
(List price-cash paid with trade)-(original cost -accumulated depreciation)
= (36,000-30,000)-(24,000-16,000)
= 6000-8000
= loss of $2000
Therefore the cost of the new truck for financial accounting purposes can be calculated as follows
(Original cost- accumulated depreciation)+cash paid with trade-loss
= (24,000-16,000)+30,000-2000
= 8,000 + 30,000 - 2,000
= 38,000-2,000
= $36,000
Hence the cost of the new truck for financial accounting purposes is $36,000
Answer:
Americans piled into the metal as protection from the collapsing value of the dollar. But since the 1970s, the government has enacted a series of laws that have made owning gold more difficult, more costly, and less private.
Explanation:
:D
Answer:
Nexium & Associates Journal entries
March 1
Dr Accounts Receivable800
Cr Service Revenue 800
March 9
Dr Office Furniture1,060
Cr Office Supplies 160
Cr Accounts Payable1,220
March 15
Dr Accounts Payable1,220
Cr Cash1,220
March 23
Dr Electricity Expense430
Cr Accounts Payable430
March 31
Dr Salaries Expense850
Cr Cash850
Explanation:
The details given about Nexium & Associates are straight forward and required no further
adjustment.
Answer:
Yes, Stock A has higher dividend yield
Explanation:
given data
market risk premium = 6.0%
risk-free rate = 6.4%
A B
Beta 1.10 0.90
Constant growth rate 7 % 7%
to find out
does stock A has higher dividend yield than Stock B
solution
we get here Stock A rA = 6.4% + 1.1 × 6%
Stock A rA = 13.00%
and
Dividend yield of stock A = rA - g
Dividend yield of stock A = 13.00% - 7%
Dividend yield of stock A = 6%
and
for Stock B rB = 6.4%+ .9 × 6%
Stock B rB = 11.80%
and
Dividend yield of stock B = rA - g
Dividend yield of stock B = 11.80% - 7%
Dividend yield of stock B = 4.80%
so we can say Yes, Stock A has higher dividend yield
Answer:
$6,450
Explanation:
The general ledger of a cash account is presented below:
Cash Account
Date Particulars Amount Date Particulars Amount
April 1 Beginning April 16 Rent expense $460
Balance $3,850
April 3 Service April 20 Salaries and
Revenue $3,400 Wages expense $340
April 30 Ending balance $6,450
The ending balance would be
= Beginning balance + service revenue - rent expense - salaries and wages expense
= $3,850 + $3,400 - $460 - $340
= $6,450
