Please help me fill the boxes Subject Science chapter8 cell-Structure and function class 8th

Q8. Smith Auto Dealership had beginning net fixed assets of $216,525 and ending

AveGali [126]

Answer:

The net cash flow is $7,844 from the sale of the assets.

Explanation:

<em>Step 1: Determine the average fixed assets</em>

The average net fixed assets can be determined using the expression;

Av=(Fb+Fe)/2

where;

Av=average net fixed assets

Fb=net fixed assets at the beginning of the year

Fe=net fixed assets at the end of the year

In our case;

Av=unknown

Fb=$216,525

Fe=$208,650

replacing;

Av=(216,525+208,650)/2=$212,587.50

The average net fixed assets=$212,587.50

<em>Step 2: Determine the net fixed assets after accounting for depreciation</em>

This can be expressed as;

Net fixed assets=average net fixed assets-depreciation

where;

average net fixed assets=$212,587.50

depreciation=$41,320

replacing;

Net fixed assets=(212,587.50-41,320)=$171,267.50

Step 3: Debit the fixed asset account and credit the cash account

Account Debit Credit

Fixed assets 7,844 163,423.50

Cash flow 163,423.50 7,844

The net cash flow is $7,844 from the sale of the assets.

5 0

4 years ago

Which best states a theme of "Birdfoot's Grampa”?

dlinn [17]

With age comes wisdom

7 0

3 years ago

Read 2 more answers

Suppose that in a monopoly market the total cost per week of producing a high tech product is given by C(x) =3600+100x+2x^2.

vazorg [7]

Answer:

10 units;

50 units.

Explanation:

The revenue function is given by the price function multiplied by the number of units sold (x).

$R(x) = x*p(x)=500x-2x^2$

The break even point occurs when Revenue equals costs:

$C(x) =R(x)\\3600+100x+2x^2=500x-2x^2\\4x^2-400x+3600 = 0\\x^2-100x+900=0\\x=\frac{100\pm \sqrt{100^2-(4*900)}}{2}\\x_1=10\\x_2=90$

Therefore, the smallest number of units required for the company to break even is 10 units.

Maximum profit will be achieved at that number of units for which the derivate of the profit function is zero:

$P(x)=R(x) - C(x) \\P(x)=3600+100x+2x^2-(500x-2x^2)\\\frac{dP(x)}{dx}=0=8x-400\\x=50$

The number of units that will give maximum profit is 50.

3 0

3 years ago

Describe at least three things a bank would consider about you when deciding whether to give you a loan.

vichka [17]

Three things that they would consider are:
1. Your credit history.
2. Your ability to repay the loan.
3. Your cash flow history.

6 0

4 years ago

Read 2 more answers

You are looking to purchase a Tesla Model X sport utility vehicle. The price of the vehicle is $94,000. You negotiate a six-year

natulia [17]

Answer:

Purchase of Tesla Model X Sport Utility Vehicle

The amount of the balloon payment six years from now is:

= $39,322.67.

Explanation:

a) Data and Calculations:

Cost of vehicle = $94,000

Period of loan = 6 years

Terms: No down payment and no monthly payments during the first year.

Monthly payment after the first year = $1,350

Total payments to be made = $104,122.67

The total payments including interest from an online financial calculator:

Payoff: 6 years 5.13 months

You will need to pay $1,350.00 every month for 6 years 5.13 months to payoff the debt.

Monthly Payment $1,350.00

Time Required to Clear Debt 6.43 years

Total of 77.13 Payments $104,122.67

Total Interest $10,122.67

Total monthly payments from second year to fifth year = $64,800 ($1,350 * 48)

Expected balloon payment to cover the remaining principal = $39,322.67 ($1014,122.67 - $64,800)

4 0

3 years ago

Please help me fill the boxes Subject Science chapter8 cell-Structure and function class 8th ​

Please help me fill the boxes Subject Science chapter8 cell-Structure and function class 8th