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
tigry1 [53]
3 years ago
8

In early 2018, selected automobiles had an average cost of $20,000. The average cost of those same motor vehicles is now $24,000

. What was the rate of increase for this item over this time period
Business
1 answer:
VMariaS [17]3 years ago
5 0

Answer:

20%

Explanation:

Calculation for What was the rate of increase for this item over this time period

Using this formula

Rate of increase= (Ending avarage cost − Beginning avarage cost )/ Beginning avarage cost

Let plug in the formula

Rate of increase= ($24,000 − $20,000) / $20,000

Rate of increase= $4,000/$20,000

Rate of increase= 0.2*100

Rate of increase= 20%

Therefore the rate of increase for this item over this time period is 20%

You might be interested in
Wagner Enterprises and Stone Services both disposed of an old asset. When completing the journal entry, Wagner Enterprises inclu
In-s [12.5K]

Answer:

Wagner Enterprises and Stone Services

Disposal of old asset:

It could be that Stone Services exchanged its old asset with a new one with a company.  In that situation, the debit goes to New Equipment, while the credit is to the old Equipment.  Another reason could be that Stone Services sold the old asset on account.  In this situation, the debit goes to the Accounts Receivable account, while the old asset is credited accordingly.

Explanation:

When a company disposes of an old asset, it credits the asset account and transfers the amount to the Sale of Asset account.  The same is done for the accumulated depreciation, in reverse.  When cash is realized from the disposal, the Sale of Asset account is credited, while Cash account is debited.  Then, the difference in the Sale of Asset account will be a gain or a loss, depending on the net book value and the cash realized from the sale.

3 0
3 years ago
Juan has some shares of risky stock from a start-up company, and other shares of stock from an established company with much les
dem82 [27]

Answer: True

Explanation:

Diversifying a portfolio refers to investing in securities that either have a lower risk or risk that is not correlated such that the risk to the portfolio is reduced.

In this scenario, Juan is investing in different securities with varying risk levels so that the portfolio will not be completely wiped out if one security goes bust. To truly diversify his portfolio however, Juan should invest in more than other asset classes such as bonds

3 0
3 years ago
Roth Service Co. experienced the following transactions for 2018, its first year of operations: Provided $80,000 of services on
Stels [109]

Answer and Explanation:

a. The preparation of income statement is shown below:-

                               Income Statement

Service revenue                               $80,000

operating expenses  

Salary expenses           $28,000

Uncollectible accounts

expense                        $3,273

Total operating expense                   $31,273

Net income                                         $48,727

Working Note :-

Days       Amount     Percentage     Allowance balance

Current   $16,800       0.01                  $168

0-30         $5,100        0.05                 $255

31-60       $4,000        0.10                  $400

61-90       $2,000        0.30                 $600

Over 90

days         $3,700       0.50                  $1,850

Total        $31,600                                $3,273

b. The computation of net realizable value of the accounts receivable is shown below:-

Net realizable value = Accounts receivable - Allowance for doubtful accounts

= ($80,000 - $48,400) - $3,273

= $31,600 - $3,273

= $28,327

4 0
3 years ago
22. In which one of the following sentences does the subject come after the verb? A. On the next street, youll ind the shoe shop
Lady bird [3.3K]
B is the correct answer
3 0
3 years ago
Which of the following best describes why German firms were nationalized after World War II?
Akimi4 [234]

Answer:

<u>D. Happenstance.</u>

Explanation:

The fact that German firms were nationalized has often been regarded as mere happenstance; meaning it just occurred based on the circumstances they were in immediately after World War II.

It thus encompasses several factors such as the cost of operations, changes in government, etc, not just one factor.

3 0
3 years ago
Other questions:
  • Match the academic requirements with the careers.
    7·2 answers
  • It has been proposed that natural monopolists should be allowed to determine their profit-maximizing outputs and prices and then
    13·1 answer
  • Ten years ago you put $150000.00 into an interest earning account. Today it's worth $275000. What is the effective annual intere
    5·1 answer
  • Bill Bonecrusher graduates from college w/ choice of playing professional football at $2 mil. a year/coaching for $50,000 a year
    12·1 answer
  • Slow Mo Consulting leased machinery from Red Inc. on January 1, 2018. The lease was recorded as an operating lease. The present
    12·1 answer
  • Bank runs:_______ a. will affect neither the money supply nor the money multiplier. b. are a problem because banks only hold a f
    8·1 answer
  • What Is technical report
    10·2 answers
  • NorthWest Corp. obtained the following information from its accounting records: Sales $70,000 Beginning Finished Goods Inventory
    12·1 answer
  • Farrah owns 5,000 shares of stock in DAS, Inc. with a market value of $15,000. DAS declares a 20% stock dividend. After the divi
    6·1 answer
  • You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a lo
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!