Questions
On June 5, 2016, Leo purchased and placed in service a new car that cost $20,000....

On June 5, 2016, Leo purchased and placed in service a new car that cost $20,000. The business use percentage for the car is always 100%. Leo claims any available additional first-year depreciation but does not claim any expense under § 179.

a. What MACRS convention applies to the new car?

b. Is the automobile considered "listed property"?

c. Leo's cost recovery deduction in 2016 is ________ and for 2017 is

In: Accounting

Provide three names of the competitors that specialized in contracting and construction in Germany

Provide three names of the competitors that specialized in contracting and construction in Germany

In: Economics

How is violence against the LGB community tied to the construction of gender?

How is violence against the LGB community tied to the construction of gender?

In: Psychology

List and explain the key stages in the process of system construction by composition

List and explain the key stages in the process of system construction by composition

In: Computer Science

Why should we hire you as a construction project Engineer

Why should we hire you as a construction project Engineer

In: Civil Engineering

List 5 ways to improve labor productivity on a construction site ?

List 5 ways to improve labor productivity on a construction site ?

In: Civil Engineering

Design of Rigid pavement for new construction - USING AASHTO METHOD

Design of Rigid pavement for new construction - USING AASHTO METHOD

In: Civil Engineering

what is the effect of construction sector in corona virus to related in ASEAN

what is the effect of construction sector in corona virus to related in ASEAN

In: Economics

1- Explore the concept of “social construction” especially as it relates to diversity.

1- Explore the concept of “social construction” especially as it relates to diversity.

In: Psychology

McEwan Industries sells on terms of 3/10, net 20. Total sales for the year are $1,643,000;...

McEwan Industries sells on terms of 3/10, net 20. Total sales for the year are $1,643,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 74 days after their purchases. Assume 365 days in year for your calculations.

  1. What is the days sales outstanding? Round your answer to two decimal places.
    ________ days

  3. What is the average amount of receivables? Round your answer to the nearest cent. Do not round intermediate calculations.
    $_______

  5. What is the percentage cost of trade credit to customers who take the discount? Round your answers to two decimal places.
    _________ %

  7. What is the percentage cost of trade credit to customers who do not take the discount and pay in 74 days? Round your answers to two decimal places. Do not round intermediate calculations.
    Nominal cost: %
    Effective cost: %

  9. What would happen to McEwan’s accounts receivable if it toughened up on its collection policy with the result that all nondiscount customers paid on the 20th day? Round your answers to two decimal places. Do not round intermediate calculations.
    Days sales outstanding (DSO) = _______days

    Average receivables = $_________

In: Finance