Questions
Hi , I need with this question. A delivery truck was acquired on January 1, 2017,...

Hi , I need with this question.

A delivery truck was acquired on January 1, 2017, at a cost of $65,000. The delivery truck was originally estimated to have a residual value of $5,000 and an estimated life of five years. The truck is expected to be driven a total of 200,000 kilometers during its life, distributed as:

Year

Number of Components 37,000

42,000

45,000

40,000

36,000

2017

2018

2019

2020

2021

Using the straight-line, units-of-production, and double-diminishing balance methods, answer the following questions.

  1. The 2017 depreciation expense using the units-of-production method is:
  1. The 2018 depreciation expense using the straight-line method is:
  1. The 2018 depreciation expense using the double-diminishing balance method is:
  1. The 2019 depreciation expense using the units-of-production method is:
  1. The book value on December 31, 2018, using the straight-line method is:
  1. The book value on December 31, 2018, using the double-diminishing balance method is:
  1. Which method results in the lowest depreciation expense in the first two years?
  1. Prepare the adjusting entry to record the 2020 depreciation expense based on the units-of- production method.

Date

Account Titles

Debit

Credit

In: Accounting

A delivery truck was acquired on January 1, 2017, at a cost of $65,000. The delivery...

A delivery truck was acquired on January 1, 2017, at a cost of $65,000. The delivery truck was originally estimated to have a residual value of $5,000 and an estimated life of five years. The truck is expected to be driven a total of 200,000 kilometers during its life, distributed as:

Year

Number of Components

  37,000

42,000

45,000

40,000

36,000

2017

2018

2019

2020

2021

Using the straight-line, units-of-production, and double-diminishing balance methods, answer the following questions.

  1. The 2017 depreciation expense using the units-of-production method is:
  1. The 2018 depreciation expense using the straight-line method is:
  1. The 2018 depreciation expense using the double-diminishing balance method is:
  1. The 2019 depreciation expense using the units-of-production method is:
  1. The book value on December 31, 2018, using the straight-line method is:
  1. The book value on December 31, 2018, using the double-diminishing balance method is:
  1. Which method results in the lowest depreciation expense in the first two years?
  1. Prepare the adjusting entry to record the 2020 depreciation expense based on the units-of- production method.

Date

Account Titles

Debit

Credit

In: Accounting

Review the organization and financials of a chosen university. Describe some performance measures that might be...

Review the organization and financials of a chosen university. Describe some performance measures that might be used in assessing whether this university operates effectively. Using these measurements, how do you think the university is doing??

In: Accounting

Students taking the GMAT were asked about their undergraduate major and pursuit of their MBA as...

Students taking the GMAT were asked about their undergraduate major and pursuit of their MBA as full time or part time student,

Business

Engineering

Other

Total

Full Time

352

197

251

800

Part Time

150

161

194

505

Total

502

358

445

1305

If a student taking the GMAT is randomly selected from this distribution find:

  1. The probability that their undergraduate major was business.
  2. The probability that their undergraduate major was not business.
  3. The probability that their undergraduate major was business and they are a part time student.
  4. The probability that their undergraduate major was business or they are a part time student.
  5. The probability that they are in business given that they are a part time student.
  6. The probability that they are a part time student given that they are in business.

In: Statistics and Probability

It appears that George is running a profitable business. George is aware you are in an...

It appears that George is running a profitable business. George is aware you are in an MBA Managerial Finance class and comes to you for advice on his working capital practices. More specifically George asks you to do the following:

View the following video: http://searchcenter.intelecomonline.net/playClipDirect.aspx?id=4870EEC7664070BB9D6744FDA7325EE44F45E0E47862343D60FAA8E3325D1A83C46D5C6FAB3D01A758FA30144214BB3D

Describe his working capital practices, including his methods of capital budgeting analysis techniques.

Analyze the potential pitfalls in his capital budgeting practices that George should be aware of.

Develop a simple statement of cash flows for George’s Trains using any information gleaned from the video. What areas of improvement do you recommend and why?

In: Finance

6. P company a Mexican subsidiary of a US company, sold equipment costing 200,000 pesos with...

6. P company a Mexican subsidiary of a US company, sold equipment costing 200,000 pesos with accumulated depreciation of 75,000 pesos for 140,000 pesos on 3/1/2018. The equipment was purchased on 1/1/2017. Relevant exchange rates for the peso are as follows:

1/1/2017 $0.110

3/1/2018 $0.106

12/31/2018 $0.102

Average 2018 $0.105

The financial statements for P are translated by its US parent. What amount of gain or loss would be reported in its translated income statement?

The financial statement for P are remeasured by its US parent. What amount of again of loss would be reported in its translated income statement?

Answers: $1590 and $1090

Show steps

In: Accounting

Your Task You will engage in a negotiation for the sale and purchase of a commercial...

Your Task

You will engage in a negotiation for the sale and purchase of a commercial asset such as a business or a piece of real estate.

Assessment Description

You may be nominated to represent the vendor and will receive email instructions from the vendor company CEO including:

1. Appointment to represent the company as their agent for the sale of the commercial asset;

2. Specific details about the commercial asset;

3. Information about the status of current negotiations with an alternative potential purchaser;

4. Information about a new potential purchaser;

5. Contact details of the agent appointed to represent the purchaser.

Alternatively, you may be nominated to represent the purchaser and will receive email instructions from the purchaser company CEO including:

1. Appointment to represent the company as their agent for the purchase of the commercial asset;

2. Specific details about the commercial asset;

3. Information about alternative assets the company is considering purchasing instead;

4. Information about the vendor;

5. Contact details of the agent appointed to represent the vendor.

Stage 1: Pre-negotiation (1,000 words)

You must answer the following questions:

1. What is your thinking style preference form – monarchic, hierarchic, oligarchic, anarchic – and what is your thinking style scope – internal, external? Attach copies of completed Sternberg-Wagner Thinking Style Inventories.

2. Are your thinking style preferences – form and scope – optimal for conducting this negotiation? Explain your answer.

3. What adjustments (if any) could you make to adapt to a more optimal thinking style for this negotiation?

Stage 2: Negotiation (300 words) You must:

1. Enter negotiations with your counterpart for the sale and purchase of the commercial asset;

2. Maintain a communications log that captures the date, method, items discussed, and outcomes of each communication. Attach copies of any communications that confirm agreed price

Stage 3: Post negotiation (400 words)

You must prepare a 1 page letter to your client advising the outcome of the negotiation.

4. What is your client’s BATNA? What is your client’s reservation value?

5. What is the other party’s BATNA? What is the other party’s reservation value?

6. What is the ZOPA range? What is your strategy for claiming the greater proportion of the ZOPA? Include at least fifteen academic references in your answers to the above questions with a minimum of five references coming from academic journals.

In: Operations Management

a) On January 1, 2020, Blue Inc. sold computer equipment to Larkspur Co. The sales price...

a) On January 1, 2020, Blue Inc. sold computer equipment to Larkspur Co. The sales price of the equipment was $511,000 and its carrying amount is $396,000. Record any journal entries necessary for Blue from the sale of the computer equipment in 2020.

b) Use the information from part a. Assume that, on the same day the sale occurred, Blue enters into an agreement to lease the equipment from Larkspur for 10 years with annual lease payments of $69,428.50 at the end of each year, beginning on December 31, 2020. If Blue has an incremental borrowing rate of 6% and the equipment has an economic useful life of 10 years, record any journal entries necessary for Blue from the sale and leaseback of computer equipment in 2020.

I really just need the answer for the entries for part B) I cannot figure it out, It is so confusing to me

In: Accounting

Dean Foods is one of the largest dairy food manufacturers in US. The main problem the...

Dean Foods is one of the largest dairy food manufacturers in US. The main problem the company is facing is that due to competition from retailers, their milk supply has decreased in revenue by a huge percentage.

List how each of Porter's 5 Forces relate to Dean Foods' situation. What solutions can you recommend Dean Foods can do based off of Porter's 5 Forces analysis?

In: Operations Management

Interpret the tables trend for revenue, expense & dividend year by year comparing both company? Revenue...

  1. Interpret the tables trend for revenue, expense & dividend year by year comparing both company?

Revenue

YR 2020

YR 2021

YR 2022

ABC Ltd

2138935.4

2117546.05

1905791.44

XYZ Ltd

2595389.4

2465619.93

1232809.97

Expense

YR 2020

YR 2021

YR 2022

ABC Ltd

42821.1

29974.77

20982.339

XYZ Ltd

2116066.4

1481246.48

1036872.54

Dividend

YR 2020

YR 2021

YR 2022

ABC Ltd

397200

297900

223425

XYZ Ltd

296243.64

293281.204

290348.392

In: Finance