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alexira [117]
3 years ago
5

Help if you can thank you

Business
1 answer:
makkiz [27]3 years ago
6 0

Answer:

3rd one I'm pretty sure, if not then I'm srry lol

Explanation:

its common sense

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Palepu Company owns and operates a delivery van that originally cost $38,080. Straight-line depreciation on the van has been rec
Readme [11.4K]

Answer and Explanation:

The computation is shown below;

But before that the depreciation expense per year is

Depreciation per year = (Cost - Residual value) ÷ Useful life

= ($38,080 - $2,800) ÷ 6 years

= $5,880

1.Net book value as on disposal date is

= $38,080 - ($5,880  × 3)

= $20,440

2.

We know that

Gain on sales = (Sales - Book value)

Gain = $(20,400 - 20,400) = 0

a. Loss = $13,000 - $20,440 = -$7,440

b. Loss = $10,000 - $20,440 = -$10,440

4 0
2 years ago
Table 13-8 quantity of output fixed cost variable cost 0 $20 $0 1 $20 $10 2 $20 $40 3 $20 $80 4 $20 $130 5 $20 $200 6 $20 $300 r
OverLord2011 [107]
the answer is is is
5
4 0
3 years ago
The Oxford Provident Building Association was the first ________ to form in America.
11Alexandr11 [23.1K]

Answer:

Savings and loan association

Explanation:

8 0
3 years ago
1. Purchased computers for $20,000 from Data Equipment on account. Select an effect 2. Paid $3,000 cash for May rent on storage
nata0808 [166]

Answer:

The question is not complete.

Here is the complete question:

Keystone Computer Timeshare Company entered into the following transactions during May 2017.

Describe the effect of each transaction on assets, liabilities, and stockholders' equity.

1. Purchased computers for $20,000 from Data Equipment on account. Select an effect

2. Paid $3,000 cash for May rent on storage space. Select an effect

3. Received $15,000 cash from customers for contracts billed in April. Select an effect

4. Performed computer services for Ryan Construction Company for $2,700 cash. Select an effect

5. Paid Midland Power Co. $11,000 cash for energy usage in May. Select an effect

6. Stockholders invested an additional $32,000 in the business. Select an effect

7. Paid Data Equipment for the computers purchased in (1) above.

Select an effect

8. Incurred advertising expense for May of $840 on account.

Here is the answer:

Transaction   Effect on asset, liabilities and equity

  1                  Increase in asset(computer account) by $20,000

                     and increase in liabilities  (account payable) by

                      $20,000

 2                  Decrease in asset(cash account) by $3,000 and

                     decrease in equity (rent expense account) by

                      $3,000

 3.                 Increase in asset (cash account) by $15,000 and decrease in

                      asset (account receivable) by $15,000. Net effect is zero.

 4.                 Increase in asset (cash account) by $2,700 and increase in

                     equity (service revenue account) by $2,700

 5.                 Decrease in asset (cash account) by $11,000 and decrease in

                     equity (Energy expense account) by $11,000

 6.                 Increase in asset (cash account) by $32,000 and increase in

                     equity (common stock account) by $32,000

 7.                 Decrease in asset (cash account) by $20,000 and decrease in

                    liabilities (account payable) by $20,000

8.                 Increase in liabilities (accrued advertising expense) by $840

                    decrease in equity (advertising expense account) by $840

Explanation:

Assets are economic resources of the firm in which future economic benefits are expected to flow to the entity. Liabilities are the entity`s financial obligation to those who are not the owners of the business. Equity is the residual value after deducting am entity`s assets from its liabilities.

With this background, business transactions and events are recorded either as increase or decrease in asset, liabilities and equity.

6 0
3 years ago
Ben invested $20,000 into a money market account and took out $5,000 at the end of year 5. He found out at the end of 10 years t
Crazy boy [7]

Answer:

r = 11.5%

Explanation:

Given data:

invested amount $20,000

withrawl amount after 5 year is $5000

Amount at the end of 10th yr is $50,000

present value  is given as

PV =\frac{ A}{(1 + r)^n}

where

A - amount after given n year

PV = \frac{5000}{(1 + r)^5} + \frac{50000}{(1 + r)^{10}}

20,000 =  \frac{5000}{(1 + r)^5} + \frac{50000}{(1 + r)^{10}}

 Let (1 + r)^5 = t

squaring on both side

(1 + r)^{10} = t^2

20,000 =  \frac{5000}{t} + \frac{50000}{t^2}

20 = \frac{5}{t} + \frac{50}{t^2}

20 t^2 - 5t - 50 = 0

solving for t we get

t = 1.711

so, r = 1.711^{1/5} -1 = 0.115 = 11.5\%

5 0
2 years ago
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