The following details are provided by Western Wear Merchandisers. The company uses the periodic inventory system.

The equipment account had a $36,000 balance at the beginning of the year, and a $30,000 balance at the end of the year. The accu

MrMuchimi

Answer:1000

Explanation:

Equipment decreases $6000 ($10000-$4000). Accumulated depreciation decreases $9000 ($22000+4000-$17000). $10000 cost -$9000 accumulated depreciation = $1000 cash received from sale.

6 0

2 years ago

Present value is: a. The future value of a current amount of money evaluated at a given interest rate. b. The current value of a

pogonyaev

Answer:

Explanation:

Present value is calculated as the discounted sum of either a fixed amount or a series of payments in the future, at a given interest rates.

For example, at an interest of 5%, $100 in 10 years will be valued at $100 / 1.05^10 = $61.39 today

3 0

2 years ago

Read 2 more answers

In order to craft effective business messages, beginning writers should follow the writing process closely. The first step in th

lisov135 [29]

Why am I sending this message?

What do I hope to achieve by sending this message?

Explanation:

First and foremost, to define the intent to which the letter is sent prior to writing the business message.

Good writing allows the author to carefully think about the intent of writing, to prepare what he can say, to plan how he can communicate and to consider what the reader needs to know. It also involves reviewing and revising strategies and documents to enhance them.

Editing is an examination of a text to correct any errors. These errors could be as simple as orthography or grammar errors, or as complicated as your written flow and clarity. Many authors find the editing checklist useful when their own work is corrected.

7 0

2 years ago

Using the Base Case, calculate total depreciation expense for the year 2023E. Assume that depreciation expense on assets pre-202

balu736 [363]

Answer:

b) $33,000

Explanation:

Capital Expenditure = $20,000

Salvage Value in % = 10%

Useful Life = 4 Years

Salvage Value = Salvage Value% * Capital Expenditure

Salvage Value = 10% * 20,000

Salvage Value = $2,000

Annual Depreciation = (Capital Expenditures - Salvage Value) / Useful Life

Annual Depreciation = ($20,000 - $2,000) / 4

Annual Depreciation = $18,000 / 4

Annual Depreciation = $4,500

Depreciation of 2023E = Depreciation Pre 2020E + Depreciation on capital expenditures in 2020E + Depreciation on capital expenditures in 2021E + Additional Depreciation on capital expenditures in 2022E + Additional Depreciation on capital expenditures in 2023E

Depreciation of 2023E = $15,000 + $4,500 + $4,500 + $4,500 + $4,500

Depreciation of 2023E = $33,000

7 0

2 years ago

Assume that a college student spends her income on Coke and Snickers. During finals week, the price of a Snickers candy bar is $

Ratling [72]

Answer:

The answer is: 10 Snickers bars and 20 cans of Coke.

Explanation:

To find out what combination she can buy with her total income ($32.50) we can just multiply the price of each product by its quantity;

If she buys 24 snickers bars and 12 cans of coke she will spend:

(24 x $0.75) + (12 x $1.25) = $33 SHE CAN´T AFFORD TO BUY

If she buys 24 snickers bars and 12 cans of coke she will spend:

(22 x $0.75) + (14 x $1.25) = $34 SHE CAN´T AFFORD TO BUY

If she buys 24 snickers bars and 12 cans of coke she will spend:

(15 x $0.75) + (18 x $1.25) = $33.75 SHE CAN´T AFFORD TO BUY

If she buys 24 snickers bars and 12 cans of coke she will spend:

(10 x $0.75) + (20 x $1.25) = $32.50 <u> </u><u>SHE CAN AFFORD TO BUY</u>

8 0

2 years ago