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MaRussiya [10]
3 years ago
12

Blossom Company incurs these expenditures in purchasing a truck: cash price $26,470, accident insurance (during use) $2,080, sal

es taxes $1,660, motor vehicle license $570, and painting and lettering $2,190. What is the cost of the truck
Business
1 answer:
asambeis [7]3 years ago
7 0

Answer:

$30,320

Explanation:

With regards to the above, the cost of the truck would be

= Cash price $26,470 + Sales tax $1,660 + Painting and lettering $2,190

= $30,320

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You plan on saving for a large home improvement project using the following cash flows: $50,000 today, $25,000 next year, and $1
lesya692 [45]

Answer:

Total= $98,000

Explanation:

Giving the following information:

You plan on saving for a large home improvement project using the following cash flows: $50,000 today, $25,000 next year, and $10,000 the following year. The account earns a 10% return per year.

We need to use the following formula:

FV= PV*(1+i)^n

FV= 50,000*1.10^2= 60,500

FV= 25,000*1.1= 27,500

FV= 10,000

Total= $98,000

8 0
3 years ago
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.25 million, and the 2009 balance sheet showed l
Svet_ta [14]

Answer:

net cash flow from creditors of $1.42 million

Explanation:

The movement in the long term debt account between 2008 and 2009 is as a result of the interest owed on the debt and the cash payment for the period.

Let the cash outflow to the creditor be H

$2.25 million + 0.33 million - H = $4 million

H = $2.25 million + 0.33 million - $4 million

H = ($1.42 million)

This means that the firm had a net cash flow from creditors of $1.42 million in 2019.

5 0
4 years ago
Shades n Hues is a company producing cosmetics. It supplies products to stores and beauty salons and also manages its own retail
Gala2k [10]

By producing their own cosmetics and then selling them, Shades n Hues are engaging in<u> Forward Integration.</u>

<h3 /><h3>What is Forward Integration? </h3>
  • It refers to companies engaging in activities forward in the supply chain.
  • It refers to when producers are also engaged in distributing their products to consumers.

By producing their own products and then either selling to other companies or to the consumer directly, Shades n Hues is engaged in forward integration as they have moved forward in the supply chain.

Find out more on the supply chain at brainly.com/question/25560748.

6 0
2 years ago
Overhead expenses are budgeted at $2,000 per month. Included in the $2,000 are $500 of monthly depreciation expense and $200 of
professor190 [17]

Answer:

Cash outflow will be $1300

So option (C) will be correct answer

Explanation:

We have given overhead expense = $2000 per month

Depreciation expenses = $500

And allocated insurance expense = $200

So non cash expense = depreciation expense + allocated insurance expense = $500+$200 = $700

We have to fond the cash out flow

Cash outflow is equal to = Overhead expense - non cash expense = $2000 - $700 = $1300

So cash outflow will be $1300

So option (C) will be correct answer

4 0
3 years ago
High-technology corridors have sprung up in the global economic core. The resulting collection of high-tech industries has been
aleksandr82 [10.1K]

Answer:

Boston

Explanation:

Based on the information provided within the question it can be said that A similar concentration has appeared around the city of Boston in the eastern United States of America. Similar to how "Silicon Valley" started, Boston has seen a drastic increase in Startup companies setting up shop in their city. This large amount of startups has attracted a lot of tech savy individuals to Boston and has created a similar environment to Silicon Valley.

4 0
3 years ago
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