Answer:
First year depreciation expense is $2,250
Explanation:
Total depreciation expense is given by:
Price - Salvage Value = 40,000 - 4,000 = 36,000
That $36,000 depreciation expense would be spread out for 200,000 miles.
So for the first year in which the truck is used 12,500 miles, the depreciation expense will be
Question answered.
Note:
Public good are non-rivalry and non-excludable goods. People can benefit these goods without affecting and reducing its availability to others. Disease prevention by the government is purely public good since it is important to every individual and each person must not have any limitations in receiving these kind of prevention.
Answer:
As the Company has received a Cheque of $10,000,000 for payment in full. The Company though have not started the production it can consider such amount and cancel the contract and being a misc Income in its profit and loss account.
Though the product is being sold to an university and such organisation work on No profit no loss situation hence it can consider manufacturing 10 units and selling such units to the university at least the university also does not incur a loss of such a huge amount.
Answer:
The increase in weighted average number of common shares is by 6,000 shares
Explanation:
Application of treasury method is used for exercising the warrants.
Outstanding Common shares = Number of shares / Market price * Exercisable price
= 30,000 shares / $25 * $20
= 24,000 shares
After the warrants have been exercise, the increase in weighted average number of common shares is as follows:
Increase in weighted average number of shares = 30,000 shares - 24,000 shares
= 6,000 shares
Thus, the increase in weighted average number of common shares is by 6,000 shares.
For the quarter ending December 2021, Woolworths Group's tax rate was 27.15%. See other financial metrics below.
<h3>What is the significance of tax rate?</h3>
Taxation not only pays for public goods and services; it also plays an important role in the social compact that exists between citizens (corporate and individual) and the economy.
The manner in which taxes are collected and spent may define a government's very legitimacy.
When very big corporations such as Woolworth are involved, they are also evaluated on their commitment to tax payment.
<h3>What is the Asset Value of Woolworth Holdings as at December 2021?</h3>
The Asset Value of Woolworth Holdings as at December 2021 was valued at about 59 Billion Dollars. In the same year, it's net income was valued at about 4.2 Billion Dollars.
Her EBDITDA - Earnings before interest, taxes, depreciation, and amortization was computed to have grown by 11.59 Billion dollars.
Hence, this tells us that after satisfying it's corporate fiscal responsibility (tax payment), Woolworth remained profitable. To the tune of 4.2 billion dollars.
Learn more about Financial metrics:
brainly.com/question/9091091
#SPJ1
