A person must have how much driving experience to teach a beginner?

a monopolist makes self cleaning jackets. at a price of $100 each it can sell 20 jackets. At a price of $98 each it can sell 21

pentagon [3]

Answer:

Explanation:

100*20=2000

98*21=2058

58

less than the price

5 0

3 years ago

Assume that the risk-free rate of interest is 6% and the expected rate of return on the market is 16%. A share of stock sells fo

Tju [1.3M]

Answer: Price of stock at year end =$53

Explanation:

we first compute the Expected rate of return using the CAPM FORMULAE that

Expected return =risk-free rate + Beta ( Market return - risk free rate)

Expected return=6% + 1.2 ( 16%-6%)

Expected return= 0.06 + 1.2 (10%)

Expected return=0.06+ 0.12

Expected return=0.18

Using the formulae Po= D1 / R-g to find the growth rate

Where Po= current price of stock at $50

D1= Dividend at $6 at end of year

R = Expected return = 0.18

50= 6/ 0.18-g

50(0.18-g) =6

9-50g=6

50g=9-6

g= 3/50

g=0.06 = 6%

Now that we have gotten the growth rate and expected return, we can now determine the price the investors are expected to sell the stock at the end of year.

Price of stock = D( 1-g) / R-g

= 6( 1+0.06)/ 0.18 -0.06

=6+0.36/0.12

=6.36/0.12= $53

3 0

3 years ago

which of the following financial statements report(s) the financial position of a business over a period of time? (check all tha

Tomtit [17]

The financial statement that report the financial position of a business over a period of time is the balance sheet.

<h3>What is a balance sheet?</h3>

At the end of each accounting period, a balance sheet—a financial statement—is produced. It computes the financial condition at a particular time by listing all the assets and liabilities. The difference between total assets and total liabilities is known as equity.

The balance sheet of a corporation, commonly referred to as the statement of financial position, provides information on the company's book value. The three sections of the balance sheet consist of the corporation's assets, liabilities, and shareholder's equity as of a specific date.

learn more about balance sheet on:

brainly.com/question/1113933

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which of the following financial statements report(s) the financial position of a business over a period of time? (check all that apply.)

Balance sheet

Profit and loss account

Asset

Debt

8 0

1 year ago

A stadium has 54 comma 000 seats. Seats sell for $25 in Section A, $20 in Section B, and $15 in Section C. The number of se

Dahasolnce [82]

Answer:

Section A = $27,000

Section B = $14,800

Section C = $12,200

Explanation:

In this question,we have to assume the things

Like - Let the number of seats in section B be X and, in Section C be Y

So, Section A = Section B + Section C

That means, Section A = X + Y

And, Section A + Section B + Section C = $54,000

Means, X + Y + X + Y = $54,000

2X + 2Y = $54,000

So, X + Y = $27,000

And, the other equation is 20X + 15Y = $1,54,000 - 25 × 27,000

So, the both equation is

X + Y = $27,000

20X + 15Y = $479,000

Now multiply 20 in equation 1

So,

20X + 20Y = $540,000

20X + 15Y = $479,000

Now deduct the equation 1 from equation 2

So, the value would equal to

5Y = $61,000

Y = $12,200

X = $27,000 - $12,200 = $14,800

And, the Section A = X + Y = $27,000

5 0

3 years ago

Read 2 more answers

Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $35,000. Its estimated residual value was

Katena32 [7]

Answer:

Duluth Ranch, Inc.

a. Depreciation Expense for 2018 and 2019, using the straight-line method:

2018: $24,000/5 = $4,800

2019: $24,000/5 = $4,800

b. Depreciation Expense for 2018 and 2019, using the units-of-production method:

2018 = 1,300 x $1.20 = $1,560

2019 = 1,750 x $1.20 = $2,100

c. Depreciation Expense for 2018 through 2022, using the double-declining balance method:

Depreciation Rate = 100%/5 x 2 = 40%

Beginning Bal. Depreciation Declining balance

2018: $35,000 $14,000 ($35,000 x 40%) $21,000 ($35,000 - 14,000)

2019: $21,000 $8,400 ($21,000 x 40%) $12,600 ($21,000 - $8,400)

2020: $12,600 $1,600 ($12,600 x 40%)* $11,000 ($12,600 - $1,600)

2021: $11,000 $0

2022: $11,000 $0

*NB: The calculated depreciation expense for 2020 is $5,040. But, the balance after depreciation must not be below the residual value. So, only the difference is expensed.

Explanation:

a) Data and Calculations:

Cost of machine = $35,000

Residual value = 11,000

Depreciable amount $24,000

Useful life = 5 years

Straight-line depreciation per year = $24,000/5 = $4,800

Expected production unit = 20,000

Depreciation rate per unit = $24,000/20,000 = $1.20

b) The straight-line method of depreciation simply divides the depreciable amount ($24,000) by the useful life of 5 years to determine a straight-line depreciation expense of $4,800 per year.

c) The unit-of-production method calculates the depreciation rate per unit (Depreciable amount divided by total expected production units) and applies this rate, $1.20, to the total units produced in each period to determine the depreciation expense.

d) The double-declining balance method divides 100% by the useful life of the asset and then multiplies this 2, to obtain the depreciation rate. This rate is then applied to the cost and declining balance each year. The double-declining balance method, initially does not take into cognizance the residual value of the asset. It only considers this salvage value towards the end when it adjusts the depreciation charge for the last year so that the declined balance will equal to the residual value.

5 0

3 years ago