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Annette [7]
3 years ago
7

In a perpetual inventory system, inventory is initially recorded at ______.

Business
1 answer:
ivolga24 [154]3 years ago
8 0

Answer:

In a perpetual inventory system, inventory is initially recorded at the time of sale.

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Speedy Delivery Company purchases a delivery van for $36,000. Speedy estimates that at the end of its four-year service life, th
OverLord2011 [107]

Answer: Straight line method is $7,400 per year.

Double declining balance method is $ 14,800 per year.

Explanation:

Depreciation on a straight line basis is calculated thus:

Cost - Residual value/ useful life

= (36,000 - 6,400)/ 4

= 7,400 per year

Depreciation on double declining method is calculated thus:

100% / useful life

100%/4 = 25

25%*2= 50%

Cost - residual value * 50%

36,000 - 6,400* 50%

29,600* 50%

=$14,800 for the first and second year

5 0
3 years ago
First, think about the way in which interest on municipal bonds is treated from a federal income tax point view. In this light,
spin [16.1K]

Answer:

4% (exactly 4.4%)

Explanation:

A taxable bond is a debt security whose return to the investor is subject to taxes at the local, state or federal level, or some combination thereof. An investor trying to decide whether to invest in a taxable bond or tax-exempt bond should consider what s/he will have left in income after taxes are taken.

Step 1:

Find the reciprocal of your tax rate,

(1-22%) = 1-0.22 = 0.78

Step two:

Divide this into the yield on the tax-free bond to find out the tax-equivalent yield.

3.5/0.78 = 4.4 ~ 4%

7 0
3 years ago
"Devon takes temporary family leave from her job at equipment rentals and sales company to care for a newborn baby. With respect
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Answer: D. Continue it"

Explanation: They do not have any legal reason to stop it, it is part of her right as a worker.

5 0
3 years ago
Which payment method typically charges the highest interest rates?Which payment method typically charges the highest interest ra
kvasek [131]
I would say that using a credit card would charge a higher interest.

8 0
3 years ago
You just obtained a loan of $15,700 with monthly payments for four years at 6.35 percent interest, compounded monthly. What is t
klasskru [66]

Answer:

I prepared an amortization schedule using excel. You will need to make 48 monthly payments of $371.24

Download pdf
4 0
3 years ago
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