Answer:
Ist B
Explanation:
Ist b
Match each type of business insurance with its description.
professional liability insurance
data theft insurance
commercial auto insurance
property insurance
Answer:
insurance against leakage or pilferage of critical and confidential data - data theft insurance
insurance against commercial property damage due to events such as fire, floods, storms, or earthquakes - property insurance
insurance against damage to company vehicles and injury or loss of life due to company vehicles - commercial auto insurance
insurance against severe loss of life or money due to one’s professional negligence or malpractice - professional liability insurance
Explanation:
project requires an initial fixed asset investment of $148,000, has annual fixed costs of $39,800, a contribution margin of $14.62, a tax rate of 21 percent, a discount rate of 15 percent, and straight-line depreciation over the project's 3-year life. The assets will be worthless at the end of the project. What is the present value break-even point in units per year?
Answer:
18,119 units
Explanation:
Break even Point is the level of activity at which the the project makes neither a profit nor loss.
Break even Point = (Annual fixed costs of a project + Annual equivalent cost of the project) ÷ Contribution per unit
where,
Annual fixed costs of a project = $39,800
Step 1 : Calculate PMT
This is to account for additional fixed costs on initial investment that needs to be covered.
N = 3
I = 15 %
PV = $148,000
FV = $0
PMT = ?
Using a Financial calculator, the PMT is $225,090
Step 2: Calculate Break Even Point
Break even Point = ($39,800 + $225,090) ÷ $14.62
= 18,119 units
Conclusion
The present value break-even point in units per year is 18,119 units
Johanna Murray, a climate campaigner at The National Footprint Foundation, is known in her organization to be a campaigner of caliber and high performance. She has strong networks with the Ministry of Environment and allies with several environmental organizations in the country. Over the years, she has gained substantial knowledge on the issue of climate change. However, recently when she prepared a consolidated report on a conference she attended on climate change, it reflected major loopholes and limited information from the conference. Which of the following, if true, substantiates that Johanna had an anchoring bias?
A) Johanna was moved by the arguments put forth by the first speaker.
B) Johanna participated actively in the interactive session conducted at the end.
C) The speakers at the conference consisted of renowned environmental scientists and activists.
D) Johanna has attended several conferences where the panel consisted of eminent scientists.
E) Johanna was shocked by the startling facts shown during the concluding session.
Answer:
A. Johanna was moved by the arguments put forth by the first speaker.
Explanation:
We start by first explaining the meaning of the concept anchoring bias. This would help us to pick the best answer for this question.
Anchoring bias can be described as a bias that exists when a person is heavily dependent on the first information they get or are offered. Once the person sets this anchor, all the judgments that they make tends to be anchored around this information.
so from these options in this question , the one that substantiates on what an anchoring bias is option A.
Johanna was moved by the arguments put forth by the first speaker.
explain why strong brands are important to both companies and consum
Answer: See explanation
Explanation:
Branding simply refers to creation of a name, design or a symbol that helps in the identification of the product of a particular company from other companies.
Branding is vital as it makes a company standout from others, it helps to distinguish ones product from the product of others. It also helps in the improvement of recognition and create awareness to ones customers. With the logo on ones product, consumers can easily identify ones product.
Branding also helps in the creation of trust and supports advertising. A strong brand also generates revenue to the company as it helps in the building of financial value. Branding also helps companies get new customers.
Customers also form a connection with brands. This helps in shaping the loyalty of the customer, building trust and aids customer retention.
Retailing is one area where technology is unlikely to make a big difference in how services are provided.
t or f
Ok I thing that, Retailing is one area where technology is unlikely to make a big difference in how services are provided.
Retailing is one area where technology is unlikely to make a big difference in how services are provided. The statement is False.
What is Retailing?Retailing is a method or refers as a channel of distribution of goods where the retailer sells the goods to the public in small amounts as compared to wholesaling where goods are given in bulk quantity.
Technology plays a significant role in how services are provided. It helps to analyze the best interests of the consumer so that appropriate improvement can be introduced to make them satisfied with the services offered.
Retailing can be done with both brick-and-mortar outlets as well as e-commerce platforms where technology helps to drive the demands of customers and helps them to make the best deal possible.
Therefore, the statement is False.
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How has the 'gig economy' impacted variable and fixed costs for businesses?
Answer:
Throughout the following explanatory section, the essence of this issue is explained.
Explanation:
The Gig economy would be the economy in which employees are temporarily recruited underemployment needs and needs. Throughout the labor market there have been no permanent workers, but freelance employment.
Unless the jobs are recruited on an exclusive system, the variable costs are subject to different conditions and if enough staff is recruited at a certain time, those variable costs would escalate throughout the terms of additional pay.The certain fixed cost remains very similar, as variable costs adjust as employees increase or reduce, but fixed costs change accordingly.Led Foot drives his car carelessly into another car. The second car contains dynamite, a fact that Led had no way of knowing. The collision causes an explosion, which shatters a window of a building half a block away on another street. The flying glass inflicts serious cuts on Sally, who is working at a desk near the window. The explosion also harms Vic, who is walking on the sidewalk near the point of the collision. Toward whom is Led Foot negligent?
Answer:
Led Foot is negligent Towards Vic
Explanation:
The injury inflicted on both Sally and Vic resulted from the explosion caused when Led Foot hit another car containing explosives. Vic in this case is a pedestrian while Sally isn't. Led Foot is negligent towards Vic because careless driving of any sort will definitely pose a certain level of threat or harm to pedestrians nearby. However, in Sally's case who isn't a pedestrian could be classed among the group of people residing outside the risk zone. Hence, even though Sally was hurt as a result of shattered glass triggered by the explosion ; Led Foot isn't negligent towards Sally.
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 73,000 chairs. During the month, the firm completed 78,600 chairs, and transferred them to the Finishing Department. The firm ended the month with 10,100 chairs in ending inventory. There were 15,700 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Comfort. Beginning work in process was 35% complete as to conversion costs, while ending work in process was 85% complete as to conversion costs.
Direct materials $24,000
Conversion costs $35,000
Manufacturing costs added during the accounting period:
Direct materials $168,000
Conversion costs $278,000
1. What were the equivalent units for conversion costs during February?
a. 81,500
b. 83,000
c. 73,000
d. 77,500
2. What is the amount of direct materials cost assigned to ending work-in-process inventory at the end of February?
a. $19,000
b. $23,000
c. $25,000
d. $27,000
3. What is the cost of the goods transferred out during February?
a. $417,750.5
b. $454,694.8
c. $476,750.6
d. $505,000.2
Answer:
1. a. 81,500
2. $38,481
3. $461,382
Explanation:
The equivalent units for conversion costs during February.
Conversion Costs = 15,700 x 65% + 62,900 x 100% + 10,100 x 85 %
= 81,690 units
Material Costs = 15,700 x 0% + 62,900 x 100% + 10,100 x 100 %
= 73,000 units
The amount of direct materials cost assigned to ending work-in-process inventory at the end of February.
Step 1 : Determine Cost per Equivalent unit
Conversion Costs = $168,000 ÷ 81,690 units = $2.06
Material Costs = $278,000 ÷ 73,000 units = $3.81
Total Cost = $2.06 + $3.81 = $5.87
Step 2 : Direct Material Cost assigned to ending work-in-process
Ending work-in-process (Material Cost) = 10,100 x $3.81
= $38,481
The cost of the goods transferred out during February.
Cost of the goods transferred out = $5.87 x 78,600
= $461,382
Wei Chi always spell-checks his written reports before giving them to his boss. Which of Wei Chi's skills is best shown by
using the spelling checker?
O critical thinking
O deductive reasoning
attention to detail
O technical skills
Answer:
c, attention to detail
Explanation:
do you agree that the quality of interaction is directly proportional to the effectiveness of the manager why? helppppp please
Answer:
I agree
Explanation:
I agree that the quality of interaction of interaction is directly proportional to the effectiveness of the manager because it shows how a manager is guiding it's employess to provide a good customer service to it's customers. A manager is to put structure in the business.
critics of classical management theory
Ivanhoe Corp. has a deferred tax asset account with a balance of $72,800 at the end of 2019 due to a single cumulative temporary difference of $364,000. At the end of 2020, this same temporary difference has increased to a cumulative amount of $416,000. Taxable income for 2020 is $762,000. The tax rate is 20% for all years. No valuation account related to the deferred tax asset is in existence at the end of 2019.
Required:
a. Record income tax expense, deferred income taxes, and income taxes payable for 2020, assuming that it is more likely than not that the deferred tax asset will be realized.
b. Record income tax expense, deferred income taxes, and income taxes payable for 2017, assuming that it is more likely than not that none of the deferred tax asset will be realized.
Answer:
attached below
Explanation:
Given data :
Deferred tax asset account = $72800 at the end of 2019
single cumulative temporary difference = $364,000
At the end of 2020
single cumulative temporary difference = $416,000
Taxable income for 2020 = $762000
tax rate = 20% for all years
A) attached below
deferred income tax asset = $( 416,000 - 364,000 ) * 20%
= $10400
Income tax payable = $(762,000 ) * 20% = $152,400
Income tax expense = ( income tax payable - deffered income tax )
= $152400 - $10400 = $142,000
the summary of important trends in retailing are
Answer:
1 Investment in omni channel retail strategies
2 provide a personalized retail experience
3 Attend to the growing culture of immediacy
4 Expand into emerging markets and create a new channel
Example 31: S borrows 5,00,000 to buy a house. If he pays equal instalments for 20 years
and 10% interest on outstanding balance what will be the equal annual instalment?
Solution: We know
Answer:
$58.729
Explanation:
To find the answer, we need to use the present value of an annuity formula.
The formula is:
P = X [(1 - (1 + i)^-n) / i ]
Where X is the annual instalment
P is the present value of the investment (500,000 in this case)(
i is the interest rate (10% in this case)
and n is the number of periods (20 years in this case)
We now plug the amounts into the formula:
500,000 = X [ (1 - (1 + 0.10)^-20) / 0.10 ]
500,000 = X [8.51356]
500,000 / 8.51356 = X
58,729 = X
So the value of the equal annual instalment will be $58.729
The Clemson Company reported the following results last year for the manufacture and sale of one of its products known as a Tam.
Sales (6,500 Tams at $130 each) $845,000
Variable cost of sales 390,000
Variable distribution costs 65,000
Fixed advertising expense 275,000
Salary of product line manager 25,000
Fixed manufacturing overhead 145,000
Net loss ($55,000)
Clemson Company is trying to determine whether or not to discontinue the manufacture and sale of Tams. The operating results reported above for last year are expected to continue in the foreseeable future if the product is not dropped. The fixed manufacturing overhead represents the costs of production facilities and equipment that the Tam product shares with other products. Assume that discontinuing the Tam product would result in a $120,000 increase in the contribution margin of other product lines.
Required:
How many Tams would have to be sold next year for the company to be as well off as if it just dropped the line and enjoyed the increase in contribution margin from other products?
Answer:
See below
Explanation:
With regards to the above information, there would be no sales if Tam were to be dropped. Also, there would be no cost associated with it other than $145,000 fixed manufacturing overhead.
Again, since the net loss operating loss was $55,000, the $145,000 would increase that loss by $90,000.
Select all of the examples of a scenario in which the firm is demonstrating financial weakness.
a. An ROA of 0.7 when the industry average is 1.4.
b. A current ratio of 0.5.
c. An ROE of 1.4 when the industry average is 1.15.
d. A quick ratio above the industry average of 0.9.
e. A fixed asset ratio of 0.6 when the industry average is 1.1.
f. A debt capital ratio of 0.7 when the industry average is 0.15
Answer:
a. An ROA of 0.7 when the industry average is 1.4
b. A current ratio of 0.5.
f. A debt capital ratio of 0.7 when the industry average is 0.15
e. A fixed asset ratio of 0.6 when the industry average is 1.1
Explanation:
A return on the asset ration may be a profitable ratio that indicates the efficiency of the usage of the assets in any business. When the ratio is higher it is better. A lower ratio shows the financial weakness of a firm for utilizing the assets.
A 0.7 debt ratio that is higher than the industry average represents a higher leverage and the higher solvency risk.
The 0.6 fixed asset ratio shows a lower utilization of the fixed assets in the generation of the turnover. Hence, it shows a financial weakness.
Current ratio represents the coverage of the current assets for the meeting of a short term obligations. The ratio is desired to be 2.
Ratio of 0.5 shows a current asset that is not sufficient for meeting the current liabilities.
The following information is available for Trinkle Company for the month of June:
1. The unadjusted balance per the bank statement on June 30 was $81,500
2. Deposits in transit on June 30 were $3,150
3. A debit memo was included with the bank statement for a service charge of $40
4. A $5,611 check written in June had not been paid by the bank
5. The bank statement included a $950 credit memo for the collection of a note. The principal of the note was $900, and the interest collected amounted to $50
Required
Determine the true cash balance as of June 30. (Hint: It is not necessary to use all of the preceding items to determine the true balance.)
Answer:
the true cash balance as on June 30 is $79,039
Explanation:
The computation of the true cash balance as on June 30 is given below:
Unadjusted Balance as Per Bank Statement on Jun 30 $81,500
Add: Deposit in Transit Jun $3,150
Less: Outstanding Check Jun30 $(5,611)
True Cash Balance As on Jun 30 $79,039
hence, the true cash balance as on June 30 is $79,039
List the 5 tests of whether personal property has become a fixture
Answer:
im not sure but there is other questions for you.
Explanation:
Can someone please help me on this
Answer:
The question that corresponds to this is
Explanation:
Brent called insurance companies and got insurance quotes for the three trucks. Both the 1996 Ford F150 and the 1998 Chevy 1500 were quoted for $250 and the 2000 Toyota Tundra was quoted for $245. To help Brent make his decision gather some more reliable information by using newspapers, or looking at their Web sites, and reviewing consumer magazines and Web sites. Also, look at the manufacturer Web site or www.fueleconomy.gov for information about gas mileage. List the sources you use and include the notes you take from each source.
2.
Which form of interest provides the greater return?
a. simple
b. compound
C. complex
d. fragment
LBSC, Inc., operates a milk processing plant in Kenosha, Wisconsin. Its union, the Brotherhood of Food Processing Workers (BFPW), represents all nonsupervisory production employees in the facility. The contract between LBSC and BFPW expires in six months, so LBSC must start to prepare for the negotiations. LBSC’s HR department plans to conduct a number of management meetings asking for feedback on the appropriate goals of bargaining, and to ask the finance department to estimate the acceptable cost profile for the term of the next contract. It will gather information on plant average seniority and inventory levels, and forecast customer demand. It will analyze grievances and find out what it can do about the course of other recent negotiations for the BFPW. Its finance department will estimate the costs of one additional holiday and a 401(k) plan. Finally, it will decide how much latitude it will have to make concessions and what will have to be referred to the corporate office before it can be approved. This activity is important because the outcome of contract negotiations can have a major impact on the ability of a company to meet its competitive challenges.
Match scenarios to each of the seven steps management should take in preparing to negotiate.
a. Analyze grievances
b. Gather seniority and inventory into.
c. Determine the authority of the bargaining team.
d. Conduct management meetings
e. Determine cost of a new holiday
1. Establishing Inter departmental contract objectives.
2. Preparing and analyzing data.
3. Anticipating union demands.
4. Establishing the cost of potential union demands.
5. Determining strategy and logistics.
Answer:
a. Analyze grievances ⇒ Anticipating union demands.
In analyzing the grievances of the workers, the company would be anticipating the demands of the unions as these will be based on the grievances of the workers.
b. Gather seniority and inventory info. ⇒ Preparing and analyzing data.
When they gather information on the seniority and inventory levels of the company, they are preparing and analyzing data to have better information on the company that will enable them plan ahead.
c. Determine the authority of the bargaining team. ⇒ Determining strategy and logistics.
Determining the authority the bargaining team has falls under determining the strategy and logistics because it is here that the company decides how they will approach the negotiations.
d. Conduct management meetings ⇒ Establishing Inter departmental contract objectives.
When they conduct management meetings across departments, this is to enable them establish objectives that will cut across departments.
e. Determine cost of a new holiday ⇒ Establishing the cost of potential union demands.
Estimating just how much the holiday will cost falls under the cost of accepting the Union demands and these need to be done to find out how much management can accept from the unions.
You should indicate that you are available for an interview in which part of a cover letter?
in the final paragraph
in the second paragraph
in the third paragraph
in the first paragraph
Answer: NOT the second paragraph
Explanation: ed 2021
Answer:
in the final paragraph
Explanation:
Year P (bikinis) Q (bikinis) P (Speedos) Q (Speedos)
2000 $75 21 $50 10
2001 82 23 52 12
2002 88 28 55 15
2003 91 30 60 14
Using the data above, calculate real GDP for 2003 using the chain-weighted method.
Answer:
$2,950
Explanation:
assuming that year 2000 is the base year:
real GDP for 2003 = (bikini price 2000 x bikini quantity 2003) + (speedos price 2000 x speedos quantity 2003) = ($75 x 30) + ($50 x 14) = $2,950
base year's prices become the real prices of the economy, and any change in real GDP is given by changes in output
Victorinox is the name of the company that manufactures Swiss army knives. The _____ channel the company utilizes to get its knives to market is to wholesalers, than to retailers, and finally to consumers.
promotional
service
consumer
industrial
distribution
Answer:
Explanation:
Distribution channel is how you products to consumers.
The distribution channel the company utilizes to get its knives to market is to wholesalers, then to retailers, and finally to consumers. Thus the correct option is E.
What is a Distribution channel?A distribution channel is referred to as a pathway followed to deliver the goods to final consumers. These channels are associated with different levels based on the demands of the goods in the market.
The wholesaler buys large quantities of products from the manufacturer and resells them to retailers in smaller quantities. The vital work that wholesalers do is essential to the efficient exchange of information, ownership, and commodities.
Retail refers to the practice of purchasers purchasing goods and selling them directly to consumers, as opposed to suppliers or wholesalers. Between wholesalers and customers, retailers act as a middleman.
Therefore, option E is appropriate.
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Uing the direct method, and the information in the exhibits, prepare the financing activities section of the statement of cash flows for Alaskan Travels, Inc., as of December 31, Year 2. In the first column, from the option list provided, select the description for cash flows that are clearly from financing activities. In the second column, enter the amounts that will be reported in the financing activities section of the statement of cash flows. Indicate negative numbers by using a leading minus (-) sign.
Cash flows from financing activities: Net cash provided by (used in) financing activities:
1.
2.
3.
4.
5.
Total:
Answer:
1. Dividends Paid - $8,900
2. Short term borrowing $5,500
3. Interest Paid - $1,208
4. Increase in Share capital $10,000
5. Long term borrowings Repayment - $7,250
Explanation:
Cash flows statements are important for a business as this clears out company position in terms of cash. The cash inflows and outflows are reported in the statement. There are three different categories in which cash is reported, Operating activities, Investing Activities and Financing Activities.
Financing activities shows cash flows which are used to fund the business. This part of cash flow shows the net cash generated from different sources of finance.
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $81,400. The machine's useful life is estimated at 20 years, or 387,000 units of product, with a $4,000 salvage value. During its second year, the machine produces 32,700 units of product.
Required:
Determine the machine's second-year depreciation using the double-declining balance method.
Answer:
$7,326
Explanation:
Double Decline Balance = 2 x SLDP x SLDBV
where,
SLDP = Straight Line Depreciation Percentage
= 100 ÷ useful life
= 100 ÷ 20
= 5 %
and
SLDBV = Straight Line Percentage Book Value
Year 1
Double Decline Balance = 2 x 5% x $81,400
= $8,140
Year 2
Double Decline Balance = 2 x 5% x ($81,400 - $8,140)
= $7,326
Therefore
The machine's second-year depreciation using the double-declining balance method is $7,326.
Filter Systems produces air filters for domestic and foreign cars. One filter, part number JJ39877, is supplied on an exclusive contract basis to Oil Changers at a constant 200 units monthly. Filter Systems can produce this filter at a rate of 50 per hour. Setup time to change the settings on the equipment is 1.5 hours. Worker time (including overhead) is charged at the rate of $55 per hour, and plant idle time during setups is estimated to cost the firm $100 per hour in lost profit.
Filter Systems has established a 22 percent annual interest charge for determining holding cost. Each filter costs the company $2.50 to produce; they are sold for $5.50 each to Oil Changers. Assume 6-hour days, 20 working days per month, and 12 months per year for your calculations.
Required:
a. How many JJ39877 filters should Filter Systems produce in each production run of this particular part to minimize annual holding and setup costs?
b. Assuming that it produces the optimal number of filters in each run, what is the maximum level of on-hand inventory of these filters that the firm has at any point in time?
c. What percentage of the working time does the company produce these particular filters, assuming that the policy in part (a) is used?
Answer:
a. EOQ = 1449 units are the optimal number of units of Filters to be produced.
b. I = 1400.7 units is the maximum level of on hand inventory any time.
c. Portion of Uptime = 3.3%
Explanation:
Solution:
a.
First of we need to find out the total demand of the filters per year.
D = Demand
D = 200 x 12
Total Demand per year D = 2400 units per year.
Secondly, we need to calculate the production capacity by using the following formula:
PC = Rate of the Production x months in a year x working hours x working days.
PC = 50 x 12 x 6 x 20
PC = 7200 units is the production capacity for a year.
Thirdly, we need to calculate the holding cost by using the following formula:
Holding Cost = Annual interest rate x Production cost per unit.
HC = 0.22 x 2.50
HC = 0.55 is the holding cost
Now, we need to find the modified holding cost as well by using the following formula:
HC' = HC(1- [tex]\frac{D}{PC}[/tex])
Where,
D = Total Demand
PC = Production Capacity per year.
Just Plugging in the values, we get:
HC' = 0.55 x (1 - [tex]\frac{2400}{72000}[/tex] )
HC' = 0.5317 USD per unit.
Finally, for part a, we need to find the Economic Order Quantity, by using the formula:
EOQ = [tex]\sqrt{\frac{2 * D * OC}{HC'} }[/tex]
Where,
OC = Ordering Cost.
Just plugging in the values:
EOQ = [tex]\sqrt{\frac{2 * 2400 * [(100+55)]*1.5}{0.5317} }[/tex]
Hence,
EOQ = 1449 units are the optimal number of units of Filters to be produced.
b.
For this part, firstly, we need to find the inventory at any time:
I = EOQ x (1 - [tex]\frac{D}{PC}[/tex] )
We already know all the values, so just plug in the value into the above equation to calculate inventory at any time:
I = 1449 x ( 1 - [tex]\frac{2400}{72000}[/tex] )
I = 1400.7 units is the maximum level of on hand inventory any time.
c.
For this final part, first we need to find the cycle time as below:
CT = [tex]\frac{EOQ}{D}[/tex]
CT = 1449/2400
Hence, the cycle time is:
CT = 0.60375 per year.
Now, we need to find the uptime:
UT = [tex]\frac{EOQ}{PC}[/tex]
We already know the values, just plug them in:
UT = 1449/72000
UT = 0.0201 per year
Finally, with all the data collected, we can now calculate the portion of cycle time according to uptime in the production process as follows:
Portion of uptime = [tex]\frac{UT}{CT}[/tex]
Portion of Uptime = 0.0201/0.60375
Hence,
Portion of Uptime = 3.3%
Wixis Cabinets makes custom wooden cabinets for high-end stereo systems from specialty woods. The company uses a job-order costing system. The capacity of the plant is determined by the capacity of its constraint, which is time on the automated bandsaw that makes finely beveled cuts in wood according to the preprogrammed specifications of each cabinet. The bandsaw can operate up to 181 hours per month. The estimated total manufacturing overhead cost at capacity is $14,480 per month. The company bases its predetermined overhead rate on capacity, so its predetermined overhead rate is $80 per hour of bandsaw use.
The results of a recent monthâs operations appear below:
Sales $ 43,780
Beginning inventories $ 0
Ending inventories $ 0
Direct materials $ 5,350
Direct labor $ 8,820
Manufacturing overhead incurred $ 14,300
Selling and administrative expense $ 8,160
Actual hours of bandsaw use 151
Required:
1-a. Prepare an income statement that records the cost of unused capacity on the income statement as a period expense.
1-b. How much of the cost of unused capacity can be shown on the income statement as a period expense?
Answer: what is the question?
On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed.
Answer:
$15,950
$15,950
Explanation:
Here is the full question :
On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed. Compute the revised depreciation for both the second and third years.
The step to answering this question :
1. calculate the depreciation expense using the initial useful life
2. calculate the book value for year 2
3. calculate the depreciation expense for year 2 and 3 using the revised useful life and year 2 book value
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
1. ($65,800 - $2000) / 4 = $15,950
Book value = $65,800 - $15,950 = $49,850
($49,850 - $2000) / 3 = $15,950
The depreciation expense in year 2 and 3 would be $15,950
Suppose the total monetary value of all final goods and services produced in a particular
country in 2008 is $500 billion and the total monetary value of final goods and services
sold is $450 billion. We can conclude that:
A. GDP in 2008 is $450 billion.
B. NDP in 2008 is $450 billion.
C. GDP in 2008 is $500 billion.
D. inventories in 2008 fell by $50 billion.
im gone go for D hhalf oral Iran