The firm of Mitchell and Mitchell owns a small truck. The truck has a market value of $9,500 today. New, it cost $24,900. Last week, the company spent $3,500 repairing the engine and replacing the brake pads. The company still owes $1,200 in truck payments. If the company decides to use this vehicle for a new project, the cost assigned to that project for this truck should be:

Answers

Answer 1

Answer:

Explanation:

24900 x 1.05^6  = 33368.3815

33368.3815 - 24900 = 8468.3815

9500 - 8468.3815 = 1031.6185 cost assigned before payments

3500-1200 =  2300

therefore cost assigned = 2300 +1031.6185 = 3331.6185

Truck cost = 3331.62


Related Questions

What happened to the U.S. dollar when President Nixon closed the gold
window?

A. It became part of a total commodity system

B. It came part of a partial fiat system

C. It became part of a total fiat system

D. It became part of a partial commodity system

Answers

Answer:

I think it's c but I'm not 100 percent

The Nixon Shock actually directed the future of the Bretton Woods Agreement and the convertibility of U.S. dollars into gold. Nixon uncoupled gold from its set $35 price and stopped the convertibility of dollars into gold by alien governments and central banks.

What occurred to the U.S. dollar when Nixon shut the gold window?

The Nixon Shock actually directed the future of the Bretton Woods Agreement and the convertibility of U.S. dollars into gold. The Nixon Shock stood as the catalyst for the stagflation of the 1970s as the U.S. dollar depreciated.

Nixon uncoupled gold from its set $35 price and stopped the convertibility of dollars into gold by alien governments and central banks. At this moment, the dollar evolved virtually free-floating, estimated only by analogizing it to other order currencies.

Therefore, the correct answer is option C. It became part of a total fiat system

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A local government began the year with a portfolio of securities with an historical cost of $1,200 and a fair value of $1,240. During the year the government acquired an additional security at a cost of $260 and sold for $200 a security that had an historical cost of $172 and a fair value at the beginning of the year of $190. At the end of the year, the securities portfolio had a fair value of $1,330. The amount that should be recognized on the financial statements for the year as investment income is:________

Answers

the answer is 0 because if he did that and then did this that means he finished and got 0

Suppose you know that a company’s stock currently sells for $67 per share and the required return on the stock is 12 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. If it’s the company’s policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?

Answers

Answer:

the dividend per share is $3.79

Explanation:

Expected return = Dividend yield + Capital gain yield

The total return is evenly divided into the capital gain yield and dividend yield. Hence, the capital gain yield is 6% and dividend yield is 6%.

What is the origin, development, and importance of ethics in business?

Answers

Answer:

The notion of ethics in business can be traced back to the earliest forms of bartering, based on the principle of equal exchange. Countless philosophers and economists have examined the topic, from Aristotle and his concept of justice to Karl Marx's attack on capitalism.

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There are selected transactions of Martin Consulting Service. Post the transactions into the appropriate Ledger accounts.
DATE TRANSACTIONS
20x1
Sept. 1 Marcus Martin invested $40,000 in cash to start the firm.
4 Purchased office equipment for $4,350 on credit from Zappo, Inc.; received Invoice 8925, payable in 30 days.
16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $28,000 in full payment.
20 Purchased supplies for $550; paid immediately with Check 1002. 23 Returned damaged supplies for a cash refund of $105.
30 Issued Check 1003 for $2,100 to Zappo, Inc., as payment on account for Invoice 8925.
30 Withdrew $3,000 in cash for personal expenses.
30 Issued Check 1004 for $4,500 to pay the rent for October.
30 Performed services for $11,325 in cash. 30 Paid $480 for monthly telephone bill, Check 1005.
Post the above transactions into the appropriate Ledger accounts.

Answers

Martin Consulting Service, posting transactions to the appropriate Ledger accounts are as follows:

Cash

Date      Account Titles           Debit      Credit

Sept. 1   Capital, Martin      $40,000

Sept. 16   Automobile                            $28,000

Sept. 20  Supplies                                        550

Sept. 23  Supplies                     105

Sept. 30 Accounts Payable (Zappo, Inc.) 2,100

Sept. 30 Drawings, Martin                        3,000

Sept. 30 Prepaid Rent                              4,500

Sept. 30 Service Revenue  11,325

Sept. 30 Utilities Expense                          480

Capital, Martin

Date      Account Titles           Debit      Credit

Sept. 1   Cash                                     $40,000

Office equipment

Date      Account Titles           Debit      Credit

Sept. 4 Accounts Payable

       (Zappo, Inc.)                 $4,350

Accounts Payable

Date      Account Titles           Debit      Credit

Sept. 4  Office equipment               $4,350

Sept. 30 Cash                      $2,100

Automobile

Date      Account Titles           Debit      Credit

Sept. 16  Cash                   $28,000

Supplies

Date      Account Titles           Debit      Credit

Sept. 20 Cash                        $550

Sept. 23 Cash                                         $105

 

Drawings

Date      Account Titles           Debit      Credit

Sept. 30 Cash                     $3,000

Prepaid Rent

Date      Account Titles           Debit      Credit

Sept. 30 Cash                     $4,500

Service Revenue

Date      Account Titles           Debit      Credit

Sept. 30 Cash                                     $11,325

Utilities Expense

Date      Account Titles           Debit      Credit

Sept. 30 Cash                         $480

Data Analysis:

Sept. 1 Cash $40,000 Capital, Martin $40,000

Sept. 4 Office equipment $4,350 Accounts Payable (Zappo, Inc.) $4,350

Sept. 16 Automobile $28,000 Cash $28,000

Sept. 20 Supplies $550 Cash $550

Sept. 23 Cash $105 Supplies $105

Sept. 30 Accounts Payable (Zappo, Inc.) $2,100 Cash $2,100

Sept. 30 Drawings, Martin $3,000 Cash $3,000

Sept. 30 Prepaid Rent $4,500 Cash $4,500

Sept. 30 Cash $11,325 Service Revenue $11,325

Sept. 30 Utilities Expense $480 Cash $480

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identify two ways lean production might be achieved

Answers

Answer:

VJNJMJNBGNFVF VGJFKVKFKRKELÑKTKFKLRGRLBG

Explanation:NBGNNUKIKUUHKNU6GGGTGJ

Jamie is considering leaving her current job, which pays $75,000 per year, to start a new company that develops applications for smartphones. Based on market research, she can sell about 50,000 units during the first year at a price of $4 per unit. With annual overhead costs and operating expenses amounting to $145,000. Jamie expects a profit margin of 20 percent. This margin is 5 percent larger than that of her largest competitor, Apps, Inc.

Suppose that Jamie’s estimated selling price is lower than originally projected during the first year. How much revenue would she need in order to earn:

Positive accounting profits?

Positive economic profits

Answers

Answer:

Accounting costs = $145,000 (annual overhead costs and operating expenses)

Implicit cost = $75,000 (Value of Salary Given Up)

Opportunity cost = $220,000 (Accounting Costs + Implicit Costs)

Revenue needed to earn positive accounting profits = at least $145,000 (more than accounting costs)

Revenue needed to earn positive economic profits = at least $220,000 (more than opportunity cost)Explanation:

3. Which of the following statements is true with regards to an investment property? (A) An investment property generates cash flows largely independently of the other assets held by an entity (B) The value in use of investment property is significantly higher than of owner-occupied property (C) An investment property unlike owner-occupied property shall not be depreciated over its useful life (D) An investment property unlike owner-occupied property shall always be measured at its historical cost​

Answers

Answer: An investment property generates cash flows largely independently of the other assets held by an entity

Explanation:

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What's the purpose of the three questions you should ask before using your emergency fund?

The three-question:
Is it unexpected?
Is it necessary?
Is it urgent?

Answers

Answer:

to reconsider yourself before spending your emergency funds.

Explanation:

if it's not important then don't use it.

is it unexpected?.. well do you expect to use this fund.

is it necessary?... do you really need this stuff

is it urgent?.... do you need these things right now?

This interview type is used to determine which applicants have the nu
next level of interviews.
a. Group interview
b. Performance interview
C. Stress interview
d. Screening interview
0 0
Please select the best answer from the choices provided
O A

Answers

D. screening interview

hope it helps

Check out this app! It’s millions of students helping each other get through their schoolwork. https://brainly.app.link/qpzV02MawO​

Answers

Answer:

yeah there are more of us

Education Planning: Suppose you have just had your first child and you want to begin saving for their college education. You estimate that with inflation, the cost of four years of college at a top university will cost a total of $225,000 in 18 years when your child graduates from high school. How much do you need to invest at the end of each month (part a) or year (part b) for the next 18 years to accumulate the $225,000 assuming:

Answers

To obtain $225,000 in 18 years it is necessary to save or invest at least  1,041.66 every month and 12,500 every year.

We know the total money that needs to be saved to cover college education is $225,000 and the time to save up this money is 18 years. Based on these two details, let's find out how much you need to save every month and every year.

Total of months:

12 months x 18 years = 216 months.

The total you need to save per month:

$225,000 / 216 = 1,041.66.

The total you need to save per year:

1,041.66 x 12 = 12,499.99 that can be rounded as 12,500.

Note: This question seems to be incomplete; however, I answered it based on the information provided.

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Which of the following types of business ownership has the highest personal liability risk?
A.
A partnership
B.
A sole proprietorship
C.
A C corporation
D.
An LLC

Answers

Answer:

A C corporation

Explanation:

Answer:

A.partnership

I have picked out A because in a partnership business,one is responsible for the progress of the business and when the business is in debts,he can even sell his personal property to cover up the loss made

Which of the following best defines the Theory of Constraints? a. The concept of purposely creating barriers in a process in order to evaluate the impact on the workflow b. Maximizing cash flow by minimizing throughput c. A set of principles that focuses on increasing total process throughput by maximizing the utilization of all bottleneck work activities d. Limiting demand in order to better service remaining customers

Answers

In business, the Theory of Constraints is a methodology or set of principles to improve possible constraints or bottlenecks and maximize results (Option B).

In companies, it is common goals or projects are limited by factors such as:

Time.Communication problems.Limited resources.Leadership issues.Among others.

These limitations are known as constraints or bottlenecks. Moreover, the Theory of Constraints proposes these factors can help companies achieve a goal or maximize results if the company focuses on improving these limiting aspects.

This means this theory states the process and results can be increased if the bottleneck activities are also maximized (option B).

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Nicole and Larry have decided to perform the landscaping of their new home by themselves. They also plan to take a do-it-yourself class at a local home store so they can replace the tile in the master bathroom without using a contractor. The effect of performing these tasks themselves will result in an increase in their:

Answers

The effect of performing these tasks themselves will result in an increase in their sweat equity.

Sweat equity is simply known as the interest gotten by the owner or increase in worth that is brought about by direct input of hard work by the owner(s).

It is the one method that is mostly adopted in building equity for low-cash entrepreneurs in their start-up ventures due to the fact that they lack the capability to aid much financial capital to their business.

Conclusively, This sweat equity helps individuals or companies to get funds without having more debts while for the workers, it is a case of high risk to get high reward.

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HELPPP Why do many business owners avoid market research? Question 14 options: They're afraid of hearing any negative feedback. They don't know how to do it. They're unwilling to take the time. They're shy.

Answers

Answer:

they are afraid of hearing any negative feedback

Your Company reported net sales in June of $500,000. At the beginning of June, the company reported beginning inventory of $375,000. Cost of goods purchased during June amounted to $164,500. The company reported ending inventory at the end of June of $210,500. What was the company's gross profit margin for June

Answers

If your Company reported net sales in June of $500,000. Cost of goods purchased during June amounted to $164,500.  The company's gross profit margin for June is : $355,500.

Using this formula

Gross profit margin =Net sales- Cost of goods purchased

Where:

Net sales=$500,000

Cost of goods purchased=$164,500

Let plug in the formula

Gross profit margin=$500,000-$164,500

Gross profit margin=$355,500

Inconclusion if your Company reported net sales in June of $500,000. Cost of goods purchased during June amounted to $164,500.  The company's gross profit margin for June is : $355,500.

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What is millennial behaviour regarding cooking and food trends?

Answers

In considering healthy eating, their report also indicates that millennials have primary importance in transparency around ingredients with 36% wanting to know if products are Australian-owned and grown, followed by whether they are locally grown (31%) and whether products have no additives or preservatives (24%).

Joie de Vivre has been successful at motivating employees, which can be shown using the four indicators of motivation as outlined in the chapter. of these indicators,____ is the one that helps determine the degree to which employees will support the company and its mission.

A. rootedness
B. commitment
C. satisfication
D. comprehension
E. engagement ​

Answers

If Joie de Vivre has been successful at motivating employees, which can be shown using the four indicators of motivation as outlined in the chapter. of these indicators,____ is the one that helps determine the degree to which employees will support the company and its mission:  B. commitment

Commitment has do with showing support or  been committed by showing supports towards the success of the company or organization.

To be committed at a work place shows that you are devoted to the company and you want the aims and objective of the company to be realistic.

When an employee is committed to their job it means employee is passionate about their job as well as the mission of the company because a committed employee will always support the company.

Such an employee are often exceptionally good when carrying out the tasks or assignments assign to them because they have company best interest in  mind.

Inconclusion commitment is the one that helps determine the degree to which employees will support the company and its mission.

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Which of the following represents a parallel multi-instance task?

Many customers watching one movie.
One employee taking an order while another collects payment in a drive-through.
Two baristas working at a Starbucks counter.
One employee taking pizza orders.

Answers

Answer:

One employee taking an order while another collects payment in a drive-through

One employee taking an order while another collecting payment in a drive-through represents a parallel multi-instance task.

The answer is option B.

What is a parallel multi-instance task?

Multi-instance activities are denoted via three parallel strains at the lowest center of the hobby/task image. Its cause is to expose that the activity occurs for a set of items or items.

The variety of instances that the hobby completes is defined with the aid of the number of objects that exist within the collection.

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Marketing programs that track purchases history, personal information and preferences and provide incentives to loyal, repeat customers are called?
A. loyalty program
B. tracking systems
C. customer app
D. marketing tricks

Answers

Marketing programs that track purchase history and provides incentive to their loyal customers are known as loyalty programs.

The correct answer to this question is option A. Loyalty programs as the name implies are offered to those customers that are found to be loyal to a business.

These types of programs offer special discounts, rewards, as a way to retain these customers and also attract new ones.

Such programs are established to encourage repeat business.

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Question 3 of 10
form from their clients that
Independent contractors receive a
verifies their earnings for the year.
O A. W-2
B. 1099
O C. 1040
D. W-4

Answers

Answer:

B. 1099

Explanation:

Answer:B

Explanation: I just got it right

As an Austrian–Thai company, Red Bull has done a remarkable job of positioning itself internationally by coming across as a local company in every country where Red Bull is sold. Would you be more or less likely to buy Red Bull knowing the brand is Austrian but with a strong Thai influence? Does it generally matter to consumers where a product originates from?

Answers

The origination of a product doesn't really matter when the company's brand plays an important role in the improvement of sales.

A brand refers to the business concept or the marketing concept that's used by people to identify a product. A brand is important as it makes one unique from other companies.

The fact that the brand of Red Bull is Austrian but has a strong Thai influence can't have a negative effect on the sales or the revenue of the company since the brand is well-known and has an international customer base.

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i need answers right no​

Answers

Answer:

what's the whole question

I can't understand

The hazard management process consists of a number of activities designed to reduce loss of life and destruction of property. Natural hazard management has often been conducted independently of development planning. A distinctive feature of OAS technical assistance is the integration of the two processes.

the selling price of a product is $20 and the markup is $4 what percentage of the selling price does the markup represent a 20% B 24% C 28% D 40%​

Answers

20% because 4 is 20% of 20
AAAAAAAAAAAA is your answer (20%)

The following transactions took place for Smart Solutions Incorporated. 2020

a. July 1 Loaned $63,000 to employees of the company and received back one-year, 10 percent notes.
b. December 31 Accrued interest on the notes. 2021
c. July 1 Received interest on the notes. (No interest has been recorded since December 31.)
d. July 1 Received principal on the notes.

Required:
Prepare the journal entries that Smart Solutions Inc. would record for the above transactions.

Answers

Here, we going to prepare the journal entries for the various transactions of Smart Solutions Inc.

Date              Account titles and Explanation      Debit     Credit

Jul-01 2020  Notes receivable                             $63000

                          Cash                                                            $63000

Dec-31 2020  Interest Receivable                        $3,150

                           Interest Revenue                                        $3,150

Jul-01 2021     Cash                                                 $6,300

                            Interest Revenue                                       $3,150

                            Interest receivable                                     $3,150

Jul-01 2021     Cash                                                 $63000

                             Notes receivable                                        $63000

Notes:

Interest for 6 months on July 1 = $63000 * 10% * (6/12)

Interest for 6 months on July 1 = $3,150

Interest for 1 year = $63000 x 10%

Interest for 1 year = $6,300

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Hugh has experience as a firefighter and a degree in chemistry. What company might be interested in hiring Hugh

Answers

Considering Hugh's experience as a firefighter and a degree in chemistry, the company that might be interested in hiring Hugh is "Fire Protection System Suppliers."

This is because Fire Protection System Suppliers are the companies that provide, manufacture or sell fire fighting products and equipment.

With his knowledge of chemistry, Hugh would understand and know the right chemical and equipment to use in fighting fire faster.

Some of the Fire Protection System Suppliers in the United States include the following:

Koetter Fire Protection, Amerex Corp., Telgia, USA Fire Protection, etc.

Hence, in this case, it is concluded that the correct answer is Fire Protection System Suppliers.

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Answer: A State Agency Looking For A Fire Inspector

Explanation: i just took a quiz and that was the right answer

Quá trình sản xuất mà ở đó người ta sản xuất và xử lý một khối lượng lớn một loại sản phẩm hoặc một nhóm sản phẩm nào đó. Thiết bị được lắp đặt theo dây chuyền sản xuất làm cho dòng di chuyển của sản phẩm có tính chất thẳng dòng.

Answers

Answer:

uhhh....... ........ English

Answer:

English please?

Explanation:

i dont understand ur language-

2. There is no way to resolve the conflict between commercial business goals and those of social innovation. True or False?
a. True
b. False

Answers

There is no way to resolve the conflict between commercial business goals and those of social innovation. Social innovation follows a different process to more commercial forms of innovation. Whilst empathy and a need for social justice may be necessary attributes of a social entrepreneur, they are not sufficient. so true.

Small business commonly employ what type departmentalization

Answers

Answer:

line departmentalization

Explanation:

Hope this helps:)

~Kisame'sAbs

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