« previous next »

Author Question: Porter's Garage bought a new machine for 16,300. Shipping charges were 200 and the machine is ... (Read 108 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
on: Jun 24, 2018
Porter's Garage bought a new machine for 16,300. Shipping charges were 200 and the machine is expected to have a useful life of 4 years and a residual value of 1,500. Porter will use the 150 declining-balance method of depreciation. a. What is the beginning book value? b. What is the declining-balance rate? (Round to nearest tenth of a percent)

Question 2

CVS buys shampoo from a supplier with an invoice amount of 5,700. The terms of the sale are 5/20, n/30. What is the net amount due on the order if the bill is paid by the 20th day?


ilianabrrr

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 16,500
b. 37.5

Answer to Question 2

5,415


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Schematic hemodialysis machine Schematic hemodialysis machine
The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
Dialysis machine showing diffusion of concentrations, which are the same, between the patient’s ... Dialysis machine showing diffusion of concentrations, which are the same, between the patient’s ...
a) Standard PCR machine used for genotyping and (b) agarose gel to detect DNA fragments. a) Standard PCR machine used for genotyping and (b) agarose gel to detect DNA fragments.
Two tiny particles having charges of +7.00 μC and -9.00 μC are placed along the y-axis. The ... Two tiny particles having charges of +7.00 μC and -9.00 μC are placed along the y-axis. The ...
ECG machine ECG machine
Video: Protein catabolism (Krebs cycle) and Protein anabolism (protein synthesis)

For a complete list of videos, visit our video library