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Hunter-Best [27]
3 years ago
6

Commonwealth Delivery is the world's leading express-distribution company. In addition to the world's largest fleet of all cargo

aircraft, the company has more than 664 aircraft and 65,000 vehicles and trailers that pick up and deliver packages. Assume that Commonwealth Delivery sold a delivery truck that had been used in the business for three years. The records of the company reflected the following:_____.
Delivery truck cost $ 51,000
Accumulated depreciation 35,900
Required:
Prepare the journal entry for the disposal of the truck, assuming that the truck sold for: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
a. $15,100 cash
b. $17,300 cash
c. $13,600 cash
Business
1 answer:
krek1111 [17]3 years ago
4 0

Answer:

Part a

Debit : Profit and loss $0

Debit : Cash $15,100

Debit : Accumulated depreciation $35,900

Credit : Cost $ 51,000

Part b

Debit : Profit and loss $2,200

Debit : Cash $15,100

Debit : Accumulated depreciation $35,900

Credit : Cost $ 51,000

Part c

Debit : Cash $15,100

Debit : Accumulated depreciation $35,900

Credit : Cost $ 51,000

Debit : Profit and loss $2,200

Explanation:

the journal entry for the disposal of the truck  are shown

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What are some of the ways in which the government is involved in the economy? what are the advantages and disadvantages of gover
ArbitrLikvidat [17]
The government can control tariffs and can limit how much can be imported into the usa.
The government can provide subsidies to certain producers, typically farmers.
The government can put a ceiling and a floor on prices as they wish. They can control the lowest and highest price a commodity can sell for.
The government can own public works such as a water company if they feel they can provide the service for a lower cost than the local competitors.
The government can decide which companies are monopolies and which companies are violating federal policies regarding trade. The government has the power to break up monopolies.
Each of these has advantages and disadvantages. For example, for farmers, when prices on their crops are too low, the government "gives" them money for their crops so they can stay in business.
A monopoly business controls the price and supply. If the monopoly is broken up, then competitors can enter the field- this can help drive down prices.
If the government can provide utility services for cheaper, that is good.

5 0
3 years ago
the spread between the interest rates on bonds with default risk and default-free bonds is called the:
jeka57 [31]

The spread between the interest rates on bonds with default risk and default-free bonds is called the risk premium.

A default-free bond is a bond in which the bond issuer would not miss scheduled payments of either the coupon or principal. Bonds issued by the government are generally considered to be default-free. This is because the government can print money to make payments.

A bond with a default risk is a bond in which the bond issuer can miss scheduled payments of either the coupon or the principal. Bonds issued by private individuals are generally considered to be bonds with default risk.

Bondholders usually demand a compensation for holding bonds with a default risk. This compensation is known as risk premium.

Risk premium = return on bonds with default risk - return on default- free bond.

To learn more, please check: brainly.com/question/4304080?referrer=searchResults

5 0
3 years ago
​Billy's Hamburger Barn has a single​ drive-up window.​ Currently, there is one attendant at the window who takes the order ​(20
Umnica [9.8K]

Answer:

The map of the current process is found in the attached

The minimum cycle time is 1 min 40 seconds

The longest cycle time is 2 min 35 seconds

The new minimum cycle is 1 min 15 seconds

The new longest cycle time is  2 mins

The potential problem that could surface from splitting the process is that once the customer has finished paying the customer has to wait for about 30 to 55 seconds before the second attendant finishes with packaging,hence ,a queue would likely be formed awaiting the second attendant.

The problem could be solved by ensuring the taking money and packaging takes the same time.

Explanation:

Minimum cycle time=20+55+25=100 seconds=1 minute 40 seconds

The longest cycle time=30+90+35=155 seconds=2 min 35 seconds

The new minimum cycle time=20+55=75 seconds=1 min 15 seconds

Taking customer's money also happened in the first 35 seconds of the 55 seconds above.

The new longest cycle time=30+90=120 seconds=2 mins

Download xlsx
6 0
3 years ago
Which three activities are part of the function of accounting?
IgorC [24]

The 3 activities which are part of the function of accounting includes:

  • Classifying financial transactions
  • interpreting financial transactions
  • Recording financial transactions

Accounting (<em>including bookkeeping</em>) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.

As regards the options, 3 activities which are part of the function of accounting includes:

  • Classifying financial transactions
  • interpreting financial transactions
  • Recording financial transactions

In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.

Missing word includes <em>"1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"</em>

<em />

Read more about this here

<em>brainly.com/question/15393400</em>

4 0
3 years ago
Money stock Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check
yulyashka [42]

Answer:

<em>For Kenji he falls on the category M2, for Lucia it's M2, and for Eric belongs to the category of both M1 and M2 respectively.</em>

Explanation:

<em>M1 money supply comprises of  currency in physical form and coin, the demand deposit( check-able) travelers check</em>

<em> M2 money supply comprises of  Certificate deposit and M1, savings, money market funds, and time deposits for example, M2 money supply comprises   money.  that is less liquid/</em>

  • <em> Kenji has $25000 in a money market account - it belongs to the category of  M2 money supply.</em>
  • <em>  Lucia has $8000 in a two year CD, it belongs to the category - M2  which is money supply </em>
  • <em>Eric withdrew money from the bank to do laundry. The money he took will go to cash that is available or in the economy at that time or the  physical currency. these category belongs in M1. As M2 money supply contains  M1 therefore this example also belongs in M2. </em>

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3 years ago
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