1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zepelin [54]
3 years ago
8

On January 1, 2017, Alexis Company purchased a delivery truck for $60,000. They estimated the useful life of the truck to be 6 y

ears, and the salvage value to be $12,000. On July 1, 2022, they sold the truck for a loss of $1,200. Assuming the company uses straight line depreciation, what was the selling price of the truck
Business
1 answer:
sweet [91]3 years ago
6 0

Answer:

$14,800

Explanation:

The computation of the selling price of the truck is shown below:

The depreciation expense is

= ($60,000 - $12,000) ÷ 6 years

= $8,000

Now the depreciation for 5.5 years is

= $8,000 × 5.5 years

= $44,000

Now book value is

= $60,000 - $44,000

= $16,000

ANd, finally the selling price of the truck is

= $16,000 - $1,200

= $14,800

You might be interested in
Which is an example of an external factor that may affect purchase decisions?
koban [17]
I’m pretty sure it’s d sorry if it’s wrong!
5 0
3 years ago
A performance audit engagement typically involves: a. Review of financial statement information, including the appropriateness o
zysi [14]

Answer:

The correct answer is c. Appraisal of the environment and comparison against established criteria.

Explanation:

Performance audit is defined as a systematic, multidisciplinary, independent and objective review of the operation, programs and projects carried out by an organization and focuses mainly on evaluation to determine if its management has performed in terms of economy, efficiency and effectiveness.

The performance audit emphasizes how the different areas of a company have impacted the target market with their actions, considering the relevant results and real progress in achieving the objectives and goals.

Among its main technical tools we can distinguish the matrix of results indicators, which allows to efficiently link the objectives of the company and the results expected to be obtained in each of them, as well as the measurement indexes necessary for its monitoring and evaluation.

8 0
3 years ago
A two-step binomial tree is used to value an option on the Australian dollar (AUD). The strike price is 1.00 USD per AUD and the
ser-zykov [4K]

Answer:

a.) The proportional up movement , u, for the currency can be calculated using the following formula:

u = eStd Dev * Square root of t

u = e0.06*square root of 0.25

u = 1.0305

b.) Probability of up movement, p , = (a - d) / (u - d)

where   a = ert where r = 0.025, t = 0.25

a = e0.025*0.25 = 1.0063

d = 1 / u = 1 / 1.3050 = 0.7663

p = (1.0063-0.7663) / (1.3050-0.7663)

p = 0.46

1-p = 1-0.46 = 0.54

c)  Price of an American Call Option on the currency : we use binomial tree for that , as follows: The amounts below line indicate the option price and figures above line indicate the underlying asset price which is 0.55555

3 0
3 years ago
All of the brands that Miguel can easily call to mind for laundry detergents, whether he would consider buying them or not, comp
AveGali [126]

The ability of Miguel to recall those brands of detergent is known as Retrieval set in marketing.

In marketing, the term "Retrieval set refers to series of brands that a consumer can recall from their memory whether they are making purchase or not".

Here, Miguel can easily call to his mind different brand of laundry detergents whether he is considering buying them or not.

The ability to recall those brands is known as Retrieval set in marketing.

Therefore, the Option A is correct.

Read more about this here

<em>brainly.com/question/8570566</em>

6 0
2 years ago
Loan Term - Interest Rate - Monthly Payment24 months - 2.5% - $342.08 36 months - 3% - $232.65 48 months - 4% - $180.63 60 month
a_sh-v [17]

Answer:

Option B 36 months

Explanation:

The reason is that it meets both the budget requirement which is it must be under $250 and must be the one that pays the principle and the interest amount as quickly as possible. So if Markel choses the option with monthly instalments made within 36 which is under $250 then it will also enable him to pay his liabilities as early as possible.

8 0
3 years ago
Other questions:
  • What is your view of abortion?
    5·1 answer
  • Lindsay is training two new sales representatives, Lance and Ayden, to use the revised client-tracking database, which has been
    7·1 answer
  • Riverside Manufacturing designs and manufactures bathtubs for home and commercial applications. Riverside recorded the following
    14·1 answer
  • Assume that in the short run a firm is producing 100 units of output, has average total costs of $200, and has average variable
    7·1 answer
  • If the price level is fixed and autonomous expenditures rise by $40, then the multiplier model would predict that the aggregate
    13·1 answer
  • Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions.May 11 Sydney accepts delivery of $
    10·1 answer
  • The demand curve of a monopolistically competitive producer is Multiple Choice less elastic than that of either a pure monopolis
    9·1 answer
  • Before prorating the manufacturing overhead costs at the end of 2016, the Cost of Goods Sold and Finished Goods Inventory had ap
    5·1 answer
  • Max Company allocates overhead based on direct labor hours. It allocates overhead costs of $13,800 to two different jobs as foll
    5·1 answer
  • Scenario 4:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!