On january 1, year 1, marino moving company paid $48,000 cash to purchase a truck. the truck was expected to have a four useful life and an $8,000 salvage value. if marino uses the straight-line method, the amount of depreciation expense recognized on the year 2 income statement is:

Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.

“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.