Fast Delivery is the world's largest express transportation company. In addition to the world's largest fleet of all-cargo aircraft, the company has more than 661 aircraft and 66,000 vehicles and trailers that pick up and deliver packages. Assume that Fast Delivery sold a delivery truck that had been used in the business for three years. The records of the company reflected the following: Delivery truck cost Accumulated depreciation $ 49,000 34,200 Required: 1. Prepare the journal entry for the disposal of the truck, assuming that the truck sold for: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. $14,800 cash b. $15,800 cash c. $14,100 cash Journal entry worksheet 1 2 3 Record the disposal of the truck, assuming the truck was sold for $14,800 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 Record the disposal of the truck, assuming that the truck was sold for $15,800 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 Record the disposal of the truck, assuming the truck was sold for $14,100 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general journal
Answers
1. **Journal entry for the disposal of the truck, assuming the truck was sold for $14,800 cash:**
Transaction: Disposal of Truck
Cash $14,800
Accumulated Depreciation $34,200
Loss on Disposal $4,000
Delivery Truck ???
Explanation: When the truck is sold for $14,800 cash, the cash account is debited for the amount received. The accumulated depreciation account is credited to remove the accumulated depreciation on the truck. There is a loss on the disposal of $4,000, which is calculated as the difference between the truck's cost and the selling price. The remaining amount needs to be credited to the Delivery Truck account to remove the asset from the books. The exact credit amount depends on the initial cost of the truck.
2. **Journal entry for the disposal of the truck, assuming the truck was sold for $15,800 cash:**
Transaction: Disposal of Truck
Cash $15,800
Accumulated Depreciation $34,200
Loss on Disposal ???
Delivery Truck ???
Explanation: When the truck is sold for $15,800 cash, the cash account is debited for the amount received. The accumulated depreciation account is credited to remove the accumulated depreciation on the truck. There will be a loss on the disposal, but the specific amount depends on the initial cost of the truck. The remaining amount needs to be credited to the Delivery Truck account to remove the asset from the books.
3. **Journal entry for the disposal of the truck, assuming the truck was sold for $14,100 cash:**
Transaction: Disposal of Truck
Cash $14,100
Accumulated Depreciation $34,200
Loss on Disposal ???
Delivery Truck ???
Explanation: When the truck is sold for $14,100 cash, the cash account is debited for the amount received. The accumulated depreciation account is credited to remove the accumulated depreciation on the truck. There will be a loss on the disposal, but the specific amount depends on the initial cost of the truck. The remaining amount needs to be credited to the Delivery Truck account to remove the asset from the books.
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Related Questions
How is a game designer different from a writer?
Answers
Answer:game desighners are mostly online
Explanation:
Which of the following statements are positive? The minimum wage creates unemployment among young and unskilled workers. The minimum wage ought to be abolished. If the price of a product in a market decreased, other things equal, quantity demanded will increase. A little bit of inflation is worse for society than a little bit of unemployment. There is a tradeoff between inflation and unemployment in the short run. If consumer income increases, other things equal, the demand for automobiles will increase. The U.S. income distribution is not equitable. U.S. workers deserve more liberal unemployment benefits. If interest rates increase, investment will decrease. If welfare benefits were reduced, the country would be better off.
Answers
Answer:
The minimum wage creates unemployment among young and unskilled workers.
If the price of a product in a market decreased, other things equal, quantity demanded will increase.
There is a tradeoff between inflation and unemployment in the short run.
If consumer income increases, other things equal, the demand for automobiles will increase
If interest rates increase, investment will decrease.
Explanation:
Positive statement is objective and statements are usually based on facts and economic theory. They can be tested.
It is a known fact that the higher the minimum wage, the lower the demand for labour and the higher the unemployment rate. this is because price varies inversely with demand
a tradeoff between inflation and unemployment in the short run is known as the Phillips curve
Normative statement is based value judgements, opinions and perspectives. For example, the statement - social welfare spending in Sweden occupies too large a portion of the national budget - is based on opinion. To some the expenditure might be even too small. There is no economic theory that can be used to determine if this expenditure is too large or small
your firm needs a computerized machine tool lathe which costs $49,000 and requires $11,900 in maintenance for each year of its 3-year life. after three years, the machine will be replaced. the machine falls into the macrs 3-year class life category. assume a tax rate of 34 percent and a discount rate of 13 percent. calculate the depreciation tax shield for this project in year 3
Answers
The depreciation tax shield for this project in year 3 is approximately $2,465.44.
To calculate the depreciation tax shield for the project in year 3, we need to determine the depreciation expense for the computerized machine tool lathe in year 3. Since the machine falls into the MACRS 3-year class life category, we can use the MACRS depreciation method to calculate the depreciation expense.
The MACRS depreciation for year 3 is determined by the applicable depreciation percentage based on the class life category. For a 3-year class life category, the depreciation percentages for the 3 years are as follows;
Year 1; 33.33%
Year 2; 44.45%
Year 3; 14.81%
Given that the cost of the machine is $49,000, we can calculate the depreciation expense for year 3;
Depreciation Expense Year 3 = Cost of Machine × Depreciation Percentage for Year 3
= $49,000 × 14.81%
= $7,256.90
To calculate the depreciation tax shield, we need to multiply the depreciation expense by the tax rate;
Depreciation Tax Shield Year 3 = Depreciation Expense Year 3 × Tax Rate
= $7,256.90 × 34%
= $2,465.44
Therefore, the depreciation tax will be $2,465.44.
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"are you looking for a rewarding opportunity in management?" the above statement is taken from a job advertisement. if jessica is tailoring her résumé to this advertisement, which of the following words should she include, because it is most likely a keyword? a. looking b. rewarding c. opportunity d. management please select the best answer from the choices provided a b c d
Answers
The most likely keyword that Jessica should include in her résumé is "management". The correct option is D. management.
This is because the job advertisement specifically mentions management, indicating that it is a crucial aspect of the job. Including this keyword will make her résumé more relevant to the employer's needs and increase the chances of her getting noticed by the hiring manager.
Other words like looking, rewarding, and opportunity are not as specific and may not be as effective in showcasing her suitability for the management role. While the other words such as "looking", "rewarding", and "opportunity" are important, they are not as specific to the job requirements as the word "management". Therefore, it is crucial for Jessica to focus on including this keyword in her résumé to improve her chances of getting hired for the position. The correct option is D. management.
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please help me anyone (picture attached)
Answers
Answer:
Im not entirely sure, but i think
2. Should be D
3. Should be A
(i could be wrong but im about 90 percent sure those r right)
Explanation:
Cost Approach to Value
There are five basic steps to the cost approach:
1. Estimate the value of the site as if vacant.
2. Estimate the reproduction cost or replacement cost (new) of all the improvements (excluding any included as part of the site value).
3. Estimate accrued depreciation from all causes (physical deterioration, functional obsolescence, and external obsolescence).
Answers
The cost approach to value is one of the three main approaches used in real estate appraisal.
It is based on the principle of substitution, which states that a rational buyer will not pay more for a property than the cost of acquiring an equally desirable substitute property. The approach involves five basic steps, starting with estimating the value of the site as if vacant, followed by estimating the reproduction or replacement cost of all the improvements, and then estimating the accrued depreciation from all causes.
The final step involves subtracting the total accrued depreciation from the replacement cost to arrive at the property's value. The cost approach is particularly useful when valuing new or recently constructed properties that do not have a significant sales history.
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In the United States, personal success and professional achievement are important motivators, and promotions and increased earnings are important goals. Group startsTrue or False True, unselected False, unselected
Answers
People are often motivated to achieved anything. In the United States, personal success and professional achievement are important motivators is a true statement.
The universalist assumption is based on the fact that the motivation process is universal and that all people are motivated to run after goals that they value.Culture often affects specific content and goals, the specific nature of motivation is different in all cultures. in China, group affiliation; goal, social harmony are motivations for pursuing goals.
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Discuss whether or not a firm will benefit from an incr ease in its output.
Answers
Explanation: if a firm manages to grow their level of output and reduce their cost of production at the same time they may benefit from economies of scale such as purchasing economies of scale or financial economies of scale , therefore they would be able to reinvest the increased profit into their business and develop new products which will help them have a wider customer base by reaching different segments of the market.
Which two ways is productivity commonly measured? (Select two answers.) Number of workersAge of workersHours of laborLevel of educationNumber of competitors
Answers
Answer:
Number of workersHours of laborExplanation:
Productivity is a gauge of efficiency in the production process. The most common way of calculating it is by dividing the outputs by inputs.
The other way of calculating productivity is through labor. Labor productivity assesses the rate of output per worker per unit of time, usually hourly. Labor productivity is also the business's total production per unit of time, say an hour or per day.
Can you help me solve this problem?
Answers
Answer:
Explanation: you read it slowly and get it understand
My audience would be the people that are of teenage to early adult age.
How to create the adWhen creating an ad, it is important to use attention-grabbing headlines that evoke emotions and curiosity. Use persuasive techniques such as social proof, scarcity, and authority to make your product or service more appealing to your target audience.
Social proof refers to the idea that people are more likely to follow the actions of others. For instance, you can use customer reviews or testimonials to demonstrate that your product or service is trusted by others.
Scarcity involves creating a sense of urgency by indicating that there are limited quantities available or for a limited time only. This can prompt people to take action and make a purchase.
Finally, authority involves using credible sources to support your claims. This can be achieved by using statistics or endorsements from reputable organizations.
In terms of the headline and message, it should be clear and concise, with a strong call-to-action. For example, "Join the Green Revolution Today! Reduce Your Carbon Footprint with Our Sustainable Products"
To be more persuasive, it's important to understand your target audience and tailor your message to their needs and preferences. Additionally, it may be helpful to provide incentives or promotions to encourage people to try your product or service. By using these techniques, you can increase the likelihood of persuading your audience to buy your invention or service.
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One of the purposes of studying economics is to understand the
Answers
Answer:
Individuals, businesses and governments are all faced with making choices in situations where resources are scarce. This is where a knowledge of Economics is vital. Economics applies to most aspects of everyday life. By studying Economics you will examine topics of obvious importance to human well-being.
Explanation:
Answer:
D: principles that influence the production of goods and services.
Explanation:
on edge! hope this helps!!~ (゜▽゜;)
alternative sources of start-up funding available to young South African entrepreneurs
Answers
The sources of capital that are available to the young entrepreneurs in South Africa would be:
grantsIDF CapitalFinance agenciesLulalend Business Funding.What is meant by finance capital?This is the term that is used to refer to the money that a person would need in order to be able to start a business. It is the money that is needed to get things in an operational form.
The lack of capital is one of the issues that face the growth of the entrepreneurial business world in South Africa as a lot of people do not have the money with which to build on.
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I know this is impossible but can you guys help? Doesn’t have to use fancy words and doesn’t have to be long, I’m not English native speaker but I have to
Don’t use all the words if it’s too difficult
Answers
Answer:
sorry I didn't see your question
Explanation:
very very sorry for my information
influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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Martha has $10,000 saved and wants to attend a college with a current tuition of $10,000 a year. She will graduate from high school in five years. Roughly how much more will Martha need to save for one-year’s tuition to account for an annual rate of inflation of 3%?
$1,590.00
$1,255.00
$300.00
$3,000.00
Answers
Answer:
$1,590.00
Explanation:
Martha has $10,000 saved one. She will join college after 5 years.
Tuition for one year is $10,000. Inflation rate is 3%
The applicable formula is A = P ( 1+ r) ^n
Where A = amount after 5 years
P= principal amount $10,000
r= interest rate 3% of 0.03
n = 5 years
A= $10,000( 1+ 0.03) ^5
A = $10,000 ( 1.03)^5
A= $10,000 x 1.159
A= 11,590.00
Marthe already has $10,000. She will need 11,590.00 - $10,000 more
=$1,590.00
A web interface which presents integrated personalized business content delivered to senior managers is ________.
Answers
A Web interface which presents integrated personalized business content delivered to senior managers is an XML document.
What is an XML document?XML documents can be seen to be a text files which is a phrase "XML document" that is used in describing the file or data stream having some form of structured data.
This could be e-commerce transactions as well as server APIs, hence Web interface which presents integrated personalized business content delivered to senior managers is an XML document.
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A young professional man is working on a project involving the upgrading of a management information system. The project is being managed by the information systems department with the coordination of other departments occurring through normal channels. This professional is working in a ________ organization.
Answers
Answer:
functional
Explanation:
A young professional man is working on a project involving the upgrading of a management information system. The project is being managed by the information systems department with the coordination of other departments occurring through normal channels. This professional is working in a ____functional____ organization.
When more firms produce the same product, it means that
of that product is produced at a
quality
Answers
Answer:
pure competition
Explanation:
pure competition, is the simplest market structure because a large number of firms produce basically the same product at the same price, restricting the decisions and influence they have on the market. hope it helps
When firms produce the same product also with the same quality and price, it is signified as pure competition.
What is pure competition?Pure competition is a term that describes a market that has a broad range of competitors who are selling the same products. There are a large number of sellers of a product which cannot be differentiated. Therefore, no single firm can have a significant influence on price. Other prevailing conditions are ease of entry of new firms into the market and perfect market information.The best examples of a purely competitive market are agricultural products, such as corn, wheat, and soybeans.
Therefore, pure competition is the correct answer.
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Which individual spurred freud’s interest in the unconscious mind?.
Answers
The individual who spurred Freud to become interested in the unconscious mind was Anna O.
Who was Anna O?Anna O. was a patient of Dr. Josef Breuer who had physical symptoms of some condition which had no physical cause.
Dr. Breuer was a colleague of Freud and so he met Anna O.. He got interested in the case when Dr. Breuer was able to use memories to help Anna O.
In conclusion, this was Anna O.
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You are a marketing consultant to a firm that would like to target members of Generation X. Your advice is for it to: emphasize freedom from work and commitment develop a personal service that will appeal to these time-poor consumers avoid topics dealing with materialistic possessions clearly state to the audience that Generation X is the intended target of all marketing communications emphasize the baby boom culture
Answers
To effectively target Generation X, it is crucial to understand and cater to their preferences. Emphasize freedom, provide personal services, avoid excessive materialism, clearly state the target audience, and focus on Generation X's unique characteristics rather than assuming a strong connection to the baby boomer culture.
As a marketing consultant, my advice for targeting Generation X would be to emphasize freedom from work and commitment, develop a personal service that appeals to time-poor consumers, avoid focusing solely on materialistic possessions, and clearly state in marketing communications that Generation X is the intended target audience.
However, I would not recommend emphasizing the baby boom culture as a primary strategy. Here's why:
Emphasize freedom from work and commitment: Generation X values work-life balance and independence. Highlighting products or services that provide convenience, flexibility, and the ability to maintain personal and professional commitments would resonate well with this generation.
Develop a personal service for time-poor consumers: Generation X is often juggling multiple responsibilities, including work, family, and personal pursuits. Offering personalized services that save time and cater to their specific needs can be highly appealing.
Examples could include concierge services, online platforms that simplify tasks, or subscription services tailored to their preferences.
Avoid focusing solely on materialistic possessions: While material possessions may have some appeal, Generation X tends to value experiences and meaningful connections. Highlight the experiential benefits of products or services, such as creating memories, fostering relationships, or enabling personal growth.
Clearly state the target audience: It is important to communicate explicitly that the marketing efforts are targeted towards Generation X. This helps build a sense of identification and resonates with their unique preferences and values. Tailor the messaging, visuals, and channels to align with Generation X's communication preferences.
Avoid emphasizing the baby boom culture: While Generation X shares some cultural references and experiences with the baby boomer generation, they have their own distinct characteristics.
It is more effective to focus on Generation X's specific values, needs, and aspirations rather than assuming they primarily identify with the baby boom culture.
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Select the correct answers
Source systems may not have accurate information at all times. Which factor is responsible primarily for data inaccuracy in the source systems?
O A. Duplicate records
OB. Heterogeneous databases
OC. Storage space
OD.
database personnel
OE.
data mining
Answers
Duplicate records factor is responsible primarily for data inaccuracy in the source systems. Data cleansing—also known as data cleaning, data scrubbing, or data rectification—is the process of correcting inaccurate, insufficient, duplicate, or other incorrect data in a data set.
It entails locating data errors and then correcting them by changing, updating, or removing data. Information is what we call process data. Information is the term for processed data. Data processing is the transformation of unprocessed raw data into usable data through a process. Multiple tables that can store large amounts of data and respond to complex queries are duplicate relational databases organise their data.
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Why is it important to demonstrate a positive work attitude in the workplace?
O to be seen as trustworthy and reliable
O to be seen as coachable and flexible
O to be seen as willing to delegate tasks
O to be seen as easily persuadable
Answers
Answer:
the first one
Explanation:
if you aren't trustworthy you might not get as many opportunities in your workplace
one of the keys to following your carrer path is to be _
like honestly i dont need the answer but if you answer it ill give you 15 brainliest bcuz im in a good mood:) the first one to answer will get the brainliests!! good luck
Answers
Answer:
diligent I guess
Explanation:
i don't know just putting a word that sounds *smart*
Trade policies Group of answer choices alter the trade balance because they alter imports of the country that implemented them. alter the trade balance because they alter net capital outflow of the country that implemented them. do not alter the trade balance because they cannot alter the national saving or domestic investment of the country that implements them. do not alter the trade balance because they cannot alter the real exchange rate of the currency of the country that implements them.
Answers
Answer:
do not alter the trade balance because they cannot alter the national saving or domestic investment of the country that implements them.
Explanation:
Trade policy explains rules, regulations, and standards that are relevant to trade relations between two countries. Trade policy is also called the Commercial policy.
Trade policies do not alter the trade balance because they cannot alter the national saving or domestic investment of the country that implements them.
HELP PLEASE!!!!
In general, reducing the monthly payment (P) of a credit card but keeping the interest rate (i) and present value (PV) the same will __________.
a. decrease the number of periods (n) needed to pay off the debt
b. increase the number of periods (n) needed to pay off the debt
c. eliminate the number of periods (n) needed to pay off the debt
d. have no effect on the number of periods (n) needed to pay off the debt
The answer is B. Just took the test
Answers
Answer:
B. ¯\_(ツ)_/¯ᵐᵃʸᵇᵉ cause yeah
Reducing the monthly payment (P) of a credit card but keeping the interest rate (i) and present value (PV) the same will increase the number of periods (n) needed to pay off the debt.
What is an Interest rate?Interest is paid by a borrower and this is the amount of money that is added to the money borrowed.
Interest is usually recovered with the money borrowed in bits and the rate or amount is determined by the lender.
There is a given period to pay a loan depending on the amount borrowed the more you pay the lesser the time of repayment.
Therefore, reducing the monthly payment (P) of a credit card but keeping the interest rate (i) and present value (PV) the same will increase the number of periods (n) needed to pay off the debt.
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The computer accessories that Javier is making and selling are bringing in a substantial amount of money for him. Inspired by this success, he decides to hire two people and expand his business.
Answers
Answer:
International competition
Explanation:
International competitions may be defined as when an organization or a business enterprise enters into a competition with the global organizations. It is that driving force which enables an organization to produce more goods and expand their business in a global term.
In the context, Javier making and selling computer accessories decides to expands his business and produce more of his products and hire two employees for his firm. Thus it is an example of international competition.
According to the midpoint method, the price elasticity of demand for oranges between point X and point Y is approximately .2 which suggests that the demand for oranges is inelastic between points X and Y.
Answers
The statement According to the midpoint method, the price elasticity of demand for oranges between point X and point Y is true becauseWhen the absolute value of price elasticity of demand is less than 1, the demand is said to be inelastic, meaning that the percentage change in quantity demanded is less than the percentage change in price.
The midpoint method is a way to calculate the price elasticity of demand using the average of two prices and two quantities. It is a more precise way of calculating elasticity than simply using the percentage change in quantity demanded divided by the percentage change in price. The formula for the midpoint method is:
Price elasticity of demand = (Q2 - Q1) / [(Q2 + Q1)/2] / (P2 - P1) / [(P2 + P1)/2]
where Q1 and Q2 are the quantities demanded at two different prices, and P1 and P2 are the corresponding prices. By taking the average of the initial and final prices and quantities, the midpoint method eliminates any bias that may arise from using only the initial or final values.
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According to the midpoint method, the price elasticity of demand for oranges between point X and point Y is approximately .2 which suggests that the demand for oranges is inelastic between points X and Y.
T/F
A resource such as data on a virtual machine, that can only be accessed by other virtual machines in the same cloud subscription describes what model of cloud resource sharing?
Answers
The model of cloud resource sharing that describes a resource such as data on a virtual machine, that can only be accessed by other virtual machines in the same cloud subscription is known as the Private Cloud model. This model allows for greater control and security over the resources as they are dedicated to a single organization or entity, and not shared with other external users. Private Clouds can be hosted on-premises or through a third-party cloud provider, and provide the ability to customize and tailor the resources to meet specific business needs. In a Private Cloud, the resources are not accessible to the general public and are isolated from other users, ensuring a higher level of security and privacy.
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What are some of the steps that led to creating eHarmony?
What advantages did eHarmony have because it was not the first entrant into the online dating market space?
What disadvantages might there be as a late entrant into a market? Did eHarmony experience any or all of these? Which?
Why did Greg Forgatch believe that eHarmony’s first radio ad worked so well?
What key advertising concepts has eHarmony applied?
Answers
Answer and Explanation:
1. Eharmony was born out of Neil Clark Warren's(clinical psychologist and marriage counselor) research work on the psychology of satisfactory relationships through weighing compatibility by certain notable characteristics in individuals. It was on this basis that he set up eharmony which matches people based on principles from his research
2. Eharmony matches people using Neil's principles and this sets him apart from other dating sites
3. It worked so well because there was evidence that it Neil's matching couples model works because real couples were involved in the ad
4. Key advertising concepts was the involvement of real couples who started their relationship through eharmony showing that it actually works
Two key types of synergies are __________.
A. supplier and distributor synergiesB. market and product synergiesC. market dominated and consumer dominatedD. product and production synergiesE. consumer and market synergies
Answers
The two key types of synergies are market and product synergies, and consumer and market synergies.
Market and product synergies refer to the ways in which a company's products or services can complement and enhance its position in a particular market. This might involve finding new distribution channels, developing new marketing strategies, or creating new product offerings that appeal to a particular segment of customers. By doing so, the company can increase its market share and improve its competitive position. Consumer and market synergies, on the other hand, focus on the ways in which a company can better understand its customers and tailor its offerings to meet their needs. This might involve conducting market research, gathering customer feedback, or developing new products or services that better align with customer preferences. By doing so, the company can build stronger customer relationships, increase customer loyalty, and ultimately drive higher sales and profits. Both market and product synergies and consumer and market synergies are critical for companies looking to stay competitive in today's rapidly evolving business landscape. By understanding the different types of synergies and how they can be leveraged to drive growth, companies can position themselves for success both now and in the future.
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