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2 years ago

100 POINTS HELP PLEASE!

Business

1 answer:

exis [7]2 years ago

8 0

Answer:

$3 per bushel of corn

Explanation:

the $3 is at a point of equilibrium, and that price is lower than the $4 which is above the point of equilibrium

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Cuso Company purchased equipment on January 1, 2016, at a total invoice cost of $400,000. The equipment has an estimated salvage

grigory [225]

Answer:

D. $156,000

Explanation:

Cost = $400,000

Residual value = $10,000

Useful life = 5 years

Now,

Annual straight line depreciation = $\frac{Cost-Residual Value}{Useful life}$

Annual straight line depreciation = $\frac{400,000 - 10,000}{5}$

Annual straight line depreciation = $\frac{390,000}{10}$

Annual straight line depreciation = $78,000

Annual depreciation expense is transferred to the accumulated depreciation. Thus, accumulated depreciation is sum of depreciation expense charged over the useful life of the asset.

Depreciation table has been constructed to compute the accumulated depreciation on 31st December 2017.

5 0

3 years ago

For a binomial experiment with r successes out of n trials, what value do we use as a point estimate for the probability of succ

trapecia [35]

Answer: $\dfrac{r}{n}$

Explanation:

If r is the number of successes out of n trials , then the sample proportion of success = $\hat{p}=\dfrac{r}{n}$

For binomial experiment , if the population probability of success p on a single trial is not given , then the best point estimate for probability of success p on a single trial is the sample proportion of successes.

i.e. a point estimate for the probability of success p on a single trial :

$p=\hat{p}=\dfrac{r}{n}$

Hence, a point estimate for the probability of success p on a single trial = $\dfrac{r}{n}$

4 0

4 years ago

ABC Co. purchased equipment for $72,000 on January 1, 2017. The equipment is expected to have a five-year life and a residual va

Korvikt [17]

Answer:

Depreciation expense for 2017: $26,400

The book value of the equipment at December 31, 2017: $45,600

Explanation:

Under the straight-line method, useful life is 5 years, so the asset's annual depreciation will be 20% of the Depreciable cost.

Depreciable cost = Total cost of the equipment - Residual value = $72,000 - $6,000 = $66,000

Under the double-declining-balance method the 20% straight line rate is doubled to 40% - multiplied times the Depreciable cost's book value at the beginning of the year.

Depreciation expense for 2017 = 40% x $66,000 = $26,400

Accumulated depreciation at December 31, 2017 = $26,400

Book value of the equipment at December 31, 2017 = Cost of the equipment - Accumulated depreciation at December 31, 2017 = $72,000 - $26,400 = $45,600

6 0

3 years ago

In the circular flow of income A. households buy goods and services and firms supply goods. Resources are supplied by other firm

Alla [95]

Answer:

D. households demand goods and services that are supplied by firms, while supplying resources that are demanded by firms.

Explanation:

The circular flow of income shows how money moves in an economy. Firms pay households for resources needed in production. The money flows back to firms when households demands goods and services from firms.

I hope my answer helps you

8 0

4 years ago

Connie has AGI of $90,000 and owns rental property generating a $27,000 loss. She actively manages the property. Her deductible

Sedbober [7]

Answer and Explanation:

Her deductible loss is $27,000.

8 0

3 years ago