To record the purchase of a motor vehicle for $40,000 cash for use by the CEO. Please select the correct journal entry for it. Dr Cash Dr Cash Dr Cr Dr Cr Cr Cr Motor vehicle (b/s) Accumulated depreciation (b/s) Motor vehicle (b/s) Depreciation expense (p&l) 40,000 Cash 40,000 Cash 40,000 40,000 40,000 40,000 40,000 40,000

Q: what is the amount needed?

A: The given problem can be solved using the unitary method: When 20% is 2 tsp then; 100% is 2/20% = 10…

Q: Assume that you are 20 years old now and have $1000 in hand to invest in one business project, and…

A: Future value of money refers to the expected value of a sum of money at a future date, considering…

Q: Required: a. Compute the throughput time. (Round your answer to 1 decimal places.) b. Compute the…

A: Manufacturing throughput time is the length of time required for a product to move from raw…

Q: Phoenix Management helps rental property owners find renters and charges the owners one-half of the…

A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

Q: Required information [The following information applies to the questions displayed below.] Phoenix…

A: The assessment of the difference between the standard or budgeted cost and the actual cost incurred…

Q: Management has studied work patterns in the housekeeping department and estimates the number of…

A: Given, Hours worked = (1,500 per month) + (0.50 X RVUs)

Q: A project has cost $50,000. The project is scheduled to complete three months from now and is…

A: Sunk cost is a cost which has already being incurred and cannot be recovered. For a continuing…

Q: I need help on this.  It's lengthy and I don't know where to start.   The sales department of…

A: g) Prepare a schedule of cash collected from customers for the quarter ended March 31, 20X1:

Q: 0 Required information [The following information applies to the questions displayed below.] Phoenix…

A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

Q: Project L costs $55,903.24, its expected cash inflows are $12,000 per year for 10 years, and its…

A: IRR is the rate at which NPV of the project is zero.

Q: Cato Industrial has estimated that production for the next five quarters will be: Production…

A: Direct labor budget is the statement prepared by the entity for the purpose of estimating the labor…

Q: Phoenix Management helps rental property owners find renters and charges the owners one-half of the…

A: Budget is the estimation of revenue and expenses of the entity for a certain period of time. It is…

Q: You feel you need to make impressions per day with 3,000 people and get about 60 clicks per day to…

A: Impressions per day = 3000 Impression charges = $0.01 per impression Clicks per day = 60 Clicks…

Q: launching new software with in 5 months  at a cost of $ 5000 can be categorized under a.   Scope…

A:

Q: Here is some data for Project "ABC" Budget $ 5,270 thousand Start Workday 15 Finish Workday 117…

A: The proportion of value achieved has been calculated as follows: Proportion of value achieved =…

Q: The Current Designs staff has prepared the annual manufacturing budget for the rotomolded line based…

A: Manufacturing budget shows the estimated cost that will be incurred in the given period of time.

Q: A project has an initial cost of $7,000. The cash inflows are $1,000, $2,600, $3,200, and $4,000…

A: Payback period is the traditional method of capital budgeting that is used to determine the number…

Q: Refer to a table below. What is the cumulative budgeted cost at the end of week 6?  Below is the…

A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…

Q: A project costs $100,000 and is expected to return profits of $15,000 per year. Calculate the…

A: Payback period: It is the time it takes for an investor's original investment to be repaid by cash…

Q: You are to consider the following projects. Which project would you approve if each project creates…

A: If NPV of project is positive, Project must be accepted. If NPV of project is negative, Project must…

Q: Phoenix Management helps rental property owners find renters and charges the owners one-half of the…

A: Variance is the difference in the value of budgeted cost\quantity\price and the actual…

Q: Instructions Modern Lighting Inc. manufactures lighting fixtures, using lean manufacturing methods.…

A: A. Budgeted cell conversion cost per hour = $205,000 / 2,050 hours…

Q: Question 1 Aren plc has prepared the following budget for one of its products, the Gooner, for the…

A: Budget: A budget is an estimation to determine the income that will be earned and expenses that will…

Q: The Hubble space telescope costs about $1.7 billion for construction plus $300 million Ford shuttle…

A: Total cost = Cost of construction + Cost of operation