Answer:
Explanation:
General Journal
Dr Cr
Equipment - new 348,000
Accumulated depreciation 300,000
Cash 68,000
Equipment - old 552,000
Gain 28,000
Workings:
Equipment – new ($280,000 + 68,000) = $348,000
Gain ($280,000 – 252,000) = $28,000
Answer: $9,741.43
Explanation:
The highest cost of migration that the worker is willing to incur is the one that will equate the present value of the salary in Phoenix to the salary in Chicago.
Chicago = 40,000 + 40,000/(1 + 8%) + 40,000/ (1 + 8%)^2
= $111,330.59
Phoenix = 43,500 + 43,500/(1 + 8%) + 43,500/ (1 + 8%)^2
= $121,072.02
Hoghest cost of migration = 121,072.02 - 111,330.59
= $9,741.43
If the Cost of migration exceeds $9,741.43, the worker should stay in Chicago.
Answer:
the pair of stereo speakers
Explanation:
UCC rules and the Statute of Frauds state that any contract for the sale or lease of goods that are worth more than $500 should be in writing. The pair of speakers are worth $600, since they are worth more than $500, then any sales contract must be in writing.
Answer:
Explanation:A project that provides annual cash flows of $12,600 for 12 years costs $67,150 today. At
what rate would you be indifferent between accepting the project and rejecting it?
Answer:
When financing a vehicle, the lienholder is the bank or company that loaned you money in order to purchase the car. The lender holds a lien against the car, giving them the legal right to take possession of the car if you fail to settle your debt. That institution's name will appear on the title of your vehicle and your car insurance policy for the duration of the loan. Buying or selling a car with a lien is perfectly legal, but the process takes more work, and it poses some inherent risks to the buyer.
Explanation:
A lien is the legal right to take possession of a piece of property if the debt underlying that property is not settled. A lienholder (also known as a lienor) is a person, company, or financial institution that co-buys that property or sells it to you on credit. For example, if your local bank writes you an auto loan to finance your car, they are the lienholder. You are the practical owner of the car. You have exclusive rights to use and even sell the vehicle, assuming you can pay off the loan.
But as long as the lienholder has a financial stake in your vehicle, they're the legal owner, and their name will appear on important documents. This is a different situation than leasing a car in that, when you lease a car, the lessor is the full owner of the vehicle, and you are merely renting it from them. You cannot legally sell a car you're only leasing.