Kent enterprises purchased a truck for $60,000 on january 1 of its first year. the company uses the units-of-activity method and it estimates that the truck’s useful life will be 100,000 miles. the truck will have an estimated salvage value of $10,000. the company drives the truck 25,000 miles in the first year and drives it 20,000 miles in the second year. how much accumulated depreciation will be reported on the company’s balance sheet as of the end of the second year?

Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. b. the federal reserve bank acts as an insurance company that pays customers if their bank fails. c. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. d. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. 2b2t

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.