Answer:
Depreciation each year is $5,805.56 and Schedule for the depreciation attached with this answer please find it.
Explanation:
Depreciation is a expense which is charged against an asset over its useful life due to wear and tear of that asset. This expense is recorded as and Expense in Income statement and accumulated in an contra asset account asset account until the disposal of the asset.
Total Cost = Truck Purchase price and Additions = $35,000 + $26,000 = $61,000
Salvage value = $8,750
Useful life = 9 years
Depreciation = ($61,000 - $8,750) / 9 = $5805.56
We will use the straight line depreciation method.
Straight line method depreciates the asset on its useful life after deducting salvage value from the cost of the asset.
Answer:
$ 11, 978,133.75
Explanation:
The grand prize of 15,000,000 is worth the present value of the prize at an 8% interest. The prize is paid every year, meaning its an annuity case.
The present value of an annuity is calculated using the formula
PV = P × <u> 1 − (1+r)−n </u>
r
Where
P $3,000,000
r is 8% 0r 0.08
n is 5
PV = $3,000,000 x <u>1-(1+0.08) - 5</u>
0.08
PV =$3,000,000 x<u> 1 - 0. 6805831</u>
0.08
PV = $ 3,000, 000 x 3.99271
PV = 11, 978,133.75
Anna's new business looks like it can grow quickly and become profitable in its first year. Anna will likely find possible sources of financing than those with less potential for growth and profits is option (D) many more.
The sources of financing referred to a business gets money from to fund their business operations. A business can gain finance from either internal or external sources of income.
Sources of financing is the main source of funding are retained earnings, debt capital, and equity capital.
Companies use retained earnings from business operations to raise or distribute dividends to their shareholders. Business raise funds by borrowing debt privately from a bank or by going public or share-market.
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Answer:
The Economist Intelligence Unit estimated the Cuban economy grew 0.5% in 2019 but will contract 0.7% in 2020. The Cuban economy has been hard-hit by the reimposition of, and increase in, U.S. sanctions that impede international financial transactions with Cuba and by Venezuela�s economic crisis, which has limited Venezuela�s support to Cuba. On 06 September 2019 the Department of the Treasury�s Office of Foreign Assets Control (OFAC) amended the Cuban Assets Control Regulations (CACR) to further implement President Trump�s June 2017 National Security Presidential Memorandum (NSPM) Strengthening the Policy of the United States Towards Cuba. These actions mark an ongoing commitment to implement the President�s Cuba policy. Previously, on June 5, 2019, OFAC further restricted non-family travel to Cuba by removing an authorization for group people-to-people educational travel, pursuant to an April 17, 2019 foreign policy announcement.
Cuban President Miguel D�az-Canel on 28 February 2020 responded to the suspension of the sending of remittances to the island from outside the United States applied by the Western Union company, a decision attributed to the hardline policies of U.S. President Donald Trump. �Another measure against the Cuban people. This is how the empire acts, with total arrogance and contempt, but no one will stop us,� the Cuban president wrote. Remittances are a vital source of income for Cuba, a country that for years has had an endemic balance of payments deficit and is currently facing a worrying economic crisis due to lack of foreign exchange, which makes it difficult for the island to acquire basic products and prevents the State from complying with part of its financial commitments.
Explanation:
A is the answer. i hope this helps!
