1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Shkiper50 [21]
2 years ago
6

Select the correct answer. cameron purchased an electric guitar for $1,875. the value of the guitar depreciates by 20% each year

. in how many years will the guitar be valued at $768?
Business
1 answer:
mina [271]2 years ago
4 0

The number of years it will take for the guitar to be valued at $768 given the initial value and the rate of depreciation is four years.

In how many years will the guitar be valued at $768?

When an asset depreciates,it means that with the passage of time, the value of he asset declines.

Number of years = (In FV / PV)/r

      FV= future value = 768

     PV = present value = 1875

     r = rate of depreciation =20

(In 768 / 1875) / 0.2 = 4 years

What is the rate of depreciation?

Depretiation is the systematic allocation of the depreciable amount of an asset over its useful life.

The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value.

learn more about how to determine the number of year here:

brainly.com/question/17583360

#SPJ4

You might be interested in
For 2021, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an a
Naddik [55]

Answer:

$80,160.

Explanation:

An account receivable is lawfully enforceable cases for installment, held by a business for the products provided and benefits that clients/customers have requested yet not paid for.

According to Rahal's autos noncollectable accounts and the amount they received in the following year. Rahal's collectible accounts on December 31, 2021, is

86,500 + 404,000 - 408,000 - 2,340

3 0
3 years ago
Michael Peters is a middle-aged professional who lost his job five months ago when his former employer downsized. He’s been ac
Lerok [7]

Answer: necessity entrepreneur

Explanation: While an entrepreneur is described as someone who organizes and operates a business venture and assumes much of the associated risks, necessity entrepreneurs only do so out of necessity (the quality or state of being necessary, unavoidable, or absolute requisite). As such, they are individuals ranging from educated persons to street sellers especially in developing countries who create small businesses or enterprises out of the need to survive. In Michael Peters' case, he lost his job due to downsizing which caused him to apply his skills and talents to starting up a business.

6 0
3 years ago
We say that the economy as a whole is in macroeconomic equilibrium if:
Serga [27]

For the economy as a​ whole, macroeconomic equilibrium if the total​ spending, or aggregate​ expenditure, equals total​ production, or​ GDP: Aggregate Expenditure​ = GDP.

Macroeconomic equilibrium happens when the quantity of real GDP demanded equals the amount of actual GDP provided at the point of intersection of the ad curve and the AS curve. If the amount of actual GDP provided exceeds the amount demanded, inventories pile up in order that corporations will reduce production and expenses.

Macroeconomic equilibrium is a situation within the economy in which the amount of combination called for equals the quantity of aggregate supply. If there are changes in both aggregate call for or mixture deliver, you can additionally see a trade-in rate, unemployment, and inflation.

The amount of output furnished may be extra than the mixture demand. charges will begin to fall to dispose of the surplus output. As fees fall, the amount of combination demand will increase and the economy returns to equilibrium.

Learn more about macroeconomic equilibrium here: brainly.com/question/1971734

#SPJ4

5 0
2 years ago
Which of the following BEST describes a company's proper liquidity management?
Naddika [18.5K]

Answer:

A. Liquidity management is a balancing act, managers try to find liquidity levels that are neither too high not too low.

Explanation:

Maintaining proper liquidity is an important financial objective of management. Proper liquidity management demands that an entity should be able to meet his short term financial obligation and making sure that liquid assets of the entity are not idle. In order to achieve this, the best way to go is to maintain a level that is neither too high and not too low. Not too high means the entity is not holding too much cash or liquid assets than it currently need to meet its short term financial obligation.

For example, not keeping too much cash in current account but investing them in interest-earning investment assets.

Not too low means the cash or liquid assets held by an entity should not less than the amount needed to meet its short term financial obligation. For example, making sure that the entity has enough cash or readily convertible liquid assets that can be used to pay vendors, rent, interest and meet other short term financial obligation.

Option B is false because keeping too much does not help to maximize short term earnings which is a feature of proper liquidity management. Option C is wrong because there is no guideline to support that deferring coupon payment won`t attract payment and this does not connote proper liquidity management.

Option D is obviously false and does not describe proper liquidity management.

4 0
3 years ago
Read 2 more answers
Instead of canceling their contract, William, Laverne, and Laverne's mother, Irma, form another contract in which they all agree
polet [3.4K]

Answer:

yes it is novation

Explanation:

6 0
3 years ago
Read 2 more answers
Other questions:
  • Barb is trying to take control of her time by using an online time tracking system that tracks her time spent on tasks and proje
    5·1 answer
  • When is VAT added to a product’s price?
    12·1 answer
  • Assume a U.S.-based MNC is borrowing Romanian leu (ROL) at an interest rate of 8% for one year. Also assume that the spot rate o
    13·1 answer
  • Todd irrevocably transfers property to a trust over which he retains an annuity payment each year equal to 6% of the initial fai
    9·1 answer
  • A company has 10.1 million shares of common stock outstanding, 450,000 shares of 5 percent preferred stock outstanding, and 235,
    8·1 answer
  • For the past 5 months Kaia's gift shop had these profits or losses: –$120, $85, –$60, –$35, and $40.
    9·2 answers
  • The large foreign supply of funds to the U.S. market is partially attributed to the a. low foreign saving rates. b. high foreign
    13·2 answers
  • Explain services offered by insurance companies
    14·1 answer
  • You plan to save $6,500 per year for the next 8 years. After the last deposit, you will keep the money in the account for 6 more
    11·1 answer
  • In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following ord
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!