Answer:
b. $62,784
Explanation:
Depreciation is the expense of an asset due to physical wear and tear of the equipment.
Book value is the net of depreciation value. It is calculated after deducting the accumulated depreciation from the cost of the asset.
MACRS = Cost x MACRS rate for the year
Year MACRS Depreciation Balance
0 $218,000
1 0.2 $43,600 $174,400
2 0.32 $69,760 $104,640
3 0.192 $41,856 $62,784
Opening Book value of next year is actually the closing book value of prior years.
Answer:
private saving does not change and public saving increases
Explanation:
given data
household saving decreases = $4 million
business saving increases = $4 million
government budget deficit decreases = $4 million
solution
as we know Budget deficit = G - T
and
public saving = T- G
so here we can say deficit decreased means the public saving increased
and
here Private saving is = sum of saving of households + sum of saving of businesses ....................1
Private saving = -4 + 4
Private saving = 0
so that here private saving does not change
private saving does not change and public saving increases
Answer:
Cost of goods manufactured during the period was $225,600
Explanation:
The computation of the Cost of goods manufactured is shown below:
Cost of goods manufactured = Cost of goods sold + ending balance of finished goods inventory - beginning balance of finished goods inventory
= $233,000 + $24,200 - $31,600
= $225,600
We simply added the ending balance of finished goods inventory and deducted the beginning balance of finished goods inventory to the Cost of goods sold
Answer:
B
Explanation:
Payback period is the total time it takes an organization to recover the initial capital incurred in acquiring an asset.
It is expressed in years and fraction of years.
Initial investment 20,000
Year 1 3000 17000
Year 2 8000 9000
Year 3 15,000
9000/15000= 0.6 years
The payback period = 2.6 years
Answer: permitted since it is true
Explanation:
From the question, we are informed that an investment adviser has 3 managing partners and 3 investment adviser representatives and that all of the partners have completed the Certified Financial Planner program and received the designation.
We are further told that the 3 IARs have been enrolled in a CFP preparation course and are scheduled to take the next CFP exam. The IA publishes an advertisement that states: "All of our partners are Certified Financial Planners."
This advertisement is allowed because the advertisement is true. Since, we are already given the information that the 3 partners of the firm have done their Certified Financial Programs, therefore, the statement is true and not a misleading one.
