Ask question

Ask question

All categories

Aleonysh [2.5K]

3 years ago

7

Asset cost $35,000Prepaid Insurance $5,000Maintenance costs $3,000Accumulated Depreciation $10,000Book Value $________Based on t

he information above, the book value of the tractor is __________.a) $33,000b) $43,000c) $25,000d) $28,000

1 answer:

saveliy_v [14]3 years ago

7 0

Okay, I’ll try to figure this one out for you

give me some time

Thxs

You might be interested in

Suppose canada has a population of 30 million people, and labore force participation rate of 2/3. furthermoew, suppose the natur

Tatiana [17]

Inflation is 110

<u>Explanation:</u>

The consumer price index is the ratio of the basket prices of the current year to the basket price of the base year multipliers by 100, this helps us to determine inflation

now, cpi in second year = $5500 / 5000^{*} 100$

= 110

7 0

3 years ago

Read 2 more answers

Under the fair-value method of recording stock options, companies will report

Alexxx [7]

Answer: a higher compensation cost relative.

6 0

2 years ago

The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the indu

yan [13]

Answer:

4.50%

Explanation:

Note:<em> Question is incomplete but very similar one is attached as picture below</em>

Current ROE = Net Income / Equity = $21,000 / $280,000 = 7.50%

Current Inventory = $210,000

Target Current ratio = 2.70

1. Current assets at target Current ratio = Current Liabilities * Target current ratio = $70000 * 2.70 = $189,000

2. Reduction in Inventories = Present Current assets - Current assets under target current ratio

Reduction in Inventories = $14000 + $70000 + $210000 - $189000

Reduction in Inventories = $105000

3. Reduction on common equity using sale of inventory = Current Equity - reduction

Reduction on common equity using sale of inventory = $280,000 - $105,000

Reduction on common equity using sale of inventory = $175,000

4. Change in ROE = New ROE - Current ROE

Change in ROE = [21000 / 175000] - 7.50%

Change in ROE = 12% - 7.50%

Change in ROE = 4.50%

4 0

2 years ago

A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the

labwork [276]

Answer:

C alternative would yield the lowest total cost for an expected annual volume of 111 boats

Explanation:

The computation of each alternatives are shown below:

A (new location)

Fixed cost $310,000

Variable cost ($400 × 111 boats) $44,400

Transportation cost $5,300

Total cost $359,700

B (subcontract)

Fixed cost $0

Variable cost ($3,200 × 111 boats)$355,200

Transportation cost $32,000

Total cost $387,200

C (expand existing facilities)

Fixed cost $74,000

Variable cost ($1,200 × 111 boats) $133,200

Transportation cost $88,000

Total cost $295,200

Out of these, the alternative C has the lowest total cost

3 0

3 years ago

Gary, a new salesperson for a reputed cellphone manufacturer, meets the owner of a transport company that employs 50,000 people

qaws [65]

Answer:

Option B. It is unrealistic

Explanation:

The reason is that the people have different likes which means we will never see 100 percent acceptance from the customers which might in the way of rejecting the offer of Gary. So the assumption that 50,000 cab drivers will purchase its product is truly optimistic which in other words is unrealistic assumption. So the option B is correct.

Option A is incorrect because the assumption is less qualitative as it doesn't relies on realistic assumption.

The cab drivers sales are relevant here but the sales assumption was unrealistic (Highly optimistic assumption) so the option C and D are incorrect.

Option E is also incorrect because the sales to cab drivers can be measure by initially directly selling 1000 cell phone to 1000 cab drivers which will give an actual idea of sales units expected, which means it is measurable.

6 0

3 years ago