Choose one vehicle and answer the following questions
1. What is the make and model of the vehicle?
2. What is the total price listed for the vehicle?
3. What is the monthly payment for the vehicle? Is this a lease payment or a purchase payment?
4. How long is the term of the loan/lease? Examples: 24 months, 36 months, 48 months

Answers

Answer 1

The make and model is 2020

Related Questions

Prepare the journal entries to record the following transactions of Wildhorse Company's books under a perpetual inventory system. Clarify which are debit and which are credit.
(a) On March 2nd, Windsor Company sold $854,200 of merchandise to Wildhorse Company on account, terms 2/10, n/30. The cost of merchandise sold was $517800.
(b) On March 6th, Wildhorse Company returned $109800 of the merchandise purchased on March 2nd. The cost of the merchandise returned was $66800.
(c) On March 12th, Windsor Company received the balance due from Wildhorse Company.

Answers

a) Credit Inventory for $517,800

b) Debit Inventory for $66,800

c) Credit Accounts Receivable (or Trade Receivables) for the same amount

(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:

Debit Accounts Receivable (or Trade Receivables) for $854,200

Credit Sales Revenue for $854,200

Debit Cost of Goods Sold for $517,800

Credit Inventory for $517,800

The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.

(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:

Debit Sales Returns and Allowances for $109,800

Credit Accounts Receivable (or Trade Receivables) for $109,800

Debit Inventory for $66,800

Credit Cost of Goods Sold for $66,800

The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.

Debit Cash (or Bank) for the amount received from Wildhorse Company

Credit Accounts Receivable (or Trade Receivables) for the same amount

The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.

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Isabella and Antonio are auto mechanics. Isabella takes 6 hours to replace a clutch and 4 hours to replace a set of brakes. Antonio takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.

Answers

Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.

- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.

How to determine the whether anyone has an absolute advantage at either task and, for each task

To determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.

Let's analyze the tasks:

1. Clutch Replacement:

- Isabella takes 6 hours.

- Antonio takes 8 hours.

Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.

2. Brake Replacement:

- Isabella takes 4 hours.

- Antonio takes 6 hours.

Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.

Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.

Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.

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Can someone help me to solve this accounting problem please

Answers

The amount of cash stolen in the year ended 2005 is $4,640.

What is the amount of cash stolen in the year ended 31 December 2005?

We will calculate the total sales:

= Balance b/d + Takings - Balance c/d

= $13,000 + $115,846 - $25,866

= $103,980

The cost of goods sold is:

= Total sales × (1 - Gross profit rate)

= $103,980 × (1 - 0.30)

= $72,786

The purchases is computed as:

= Cost of goods sold + Inventory at 31 December 2005 - Inventory at 1 January 2005

= $72,786 + $9,000 - $18,000

= $63,786

The cash stolen will equals to:

= Total sales - Purchases - Trade Receivables + Trade Payables + Expenses - Rent Prepaid + Rates Owing - Equipment (at valuation) - Drawings - Miscellaneous expenses

= $103,980 - $63,786 - $9,000 + $7,000 + $7,320 - $10,650 + $230 - $14,100 - $5,000 - $2,654

= $4,640.

Answers

The Tesla Model S is a product or service you personally have used that blew your mind and your experience as a customer.

An electric car produced by Tesla, Inc. It has gained popularity for its innovative features and performance. Customers have been blown away by its advanced electric powertrain, long-range capabilities, and sleek design.

The Model S has received positive reviews from both users and critics, highlighting its acceleration, handling, and overall driving experience.
In terms of its origin and development, Tesla was founded in 2003 with a mission to accelerate the world's transition to sustainable energy.

The Model S was first introduced in 2012 and has undergone continuous improvements since then. Tesla's commitment to innovation, creative design, and systems thinking can be seen in the Model S's cutting-edge technologies, such as its Autopilot system and over-the-air software updates.

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