By how much will Marigold Blooms increase its van account

Assignment Help Accounting Basics
Reference no: EM133092813

Question - Marigold's Blooms purchased a delivery van with list price of $39200. The company was given a $3800 cash discount by the dealer and paid $1500 sales tax. Annual insurance on the van is $800. As a result of the purchase, by how much will Marigold's Blooms increase its van account?

a. $35400

b. $37700

c. $39200

d. $36900

Reference no: EM133092813

Questions Cloud

Discuss experience with computing : Discuss your own experience with computing. Are you a novice, or are you an advanced user? What do you use computing for? Is your activity on a computer limited
What is the expected profit from this investment : If the economy grows at a moderate pace, the investment will result in a profit of $15,000. What is the expected profit from this investment
Write a letter to your employee : Write a letter to your employee explaining why their project is not being selected to move forward within the company.
How did uber achieve its present position : How did Uber achieve its present position? Refer to the key resources, partners, activities, customer relationships, channel, costs and revenues.
By how much will Marigold Blooms increase its van account : Annual insurance on the van is $800. As a result of the purchase, by how much will Marigold's Blooms increase its van account
Formula for return on investment : The formula for Return on Investment (ROI) is Net Profit (before tax) / Owner's Equity.
Definition of diversity : In this final discussion, look back on your experiences in the course and provide an overview of what you have learned from the course with regard to diversity.
Institutional review board : Post a total of 2 substantive responses over 2 separate days for full participation. This includes your initial post by Saturday and at least 1 reply to classma
What entry should Waterway make on April : The suit cost $1500 and Mike used his Waterway's credit card. What entry should Waterway's make on April 30th

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd