Answer:
Explanation:
Cost of machine - $80000
Useful life - 5 years
Salvage value -$5000
Depreciable amount = 80000-5000= 75000
Annual depreciation = 75000/5 = 15000
Year DR Accum Dep
Cost 8000
1 Depreciation 15000 15000
2 Depreciation 15000 30000
Year 3 Depreciation 15000 45000
Year 4 Depreciation 15000 60000
Year 5 Depreciation 15000 75000
Financial statement template
Balanced sheet
Cash asset + Non cash asset = liabilities + Equity
Cash asset + 65000 = liabilities + equity
Income statement
Revenue - expenses = Net income
Revenue - 15000 - Net Income
Answer:
The answer is: The price elasticity of demand for a good measures the willingness of buyers of the good to buy less of the good as its price increases.
Explanation:
The price elasticity of demand measures the change in the quantity demanded of a product in relation to a change in its price.
The formula for determining the price elasticity of demand (PED) is:
PED = % of the change in Quantity Demanded / % of the change in price
If a good has a high PED (≥ 1) then it is called elastic, which means that any change in the price will change the quantity demanded in a greater proportion. If a good has a low PED (≤ 1) then it is called inelastic, which means that any change in the price will affect the quantity demanded in a smaller proportion.
Usually goods or services considered luxurious (e.g. gourmet cheese), tend to be very elastic (high PED). While products considered basic necessities (e.g. gasoline) tend to be very inelastic (low PED).
Answer:
$18,100
Explanation:
The bond is issued on discount when the issuance price is less than the face value of the bond. The discount is amortized over the period until maturity. Total Interest expense on a discounted bond is the sum of the coupon payment and the amortization of the discount amount.
Coupon payment = $570,000 x 6% = $34,200 per year = $17,100 semiannually
Discount on the bond = $570,000 - $560,000 = $10,000
Discount amortized per year = $10,000 / 5 = $2,000 annually = $1,000 semi-annually
Total Interest Expense = Coupon Payment + Amortization of Discount
Total Interest Expense = 17,100 + 1,000 = $18,100
A leader who initiates change in a company by enhancing the culture of the work environment is using transformational leadership.
Leadership as both a field of study and practical skills includes the ability of an individual, group, or organization to "lead, influence, or direct" another individual, team, or organization as a whole. The word "leadership" is a common controversial term.
A leader is someone who is responsible for persuading others to follow you. Great leaders instill confidence in others and put them into action. The leader is the head or girl who runs the show.
Learn more about leadership here:brainly.com/question/12522775
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Answer:
1. <u>Average variable rate</u>
a. Food and wages = Food and wages expenses/ Total revenue = 155000/650000 = 0.2385 times
b. Delivery cost= Total delivery expenses/Number of mile driven = 22950/9000 = $2.5500/mile
c. Other cost = Total other expenses/ Number of items =260/20 = $13/item
2. Total cost = Total Fixed cost + Total Variable cost
= 265000 + [0.2385(a) + 2.55(b) + 13(c). a=Sales revenue, b=Number of miles driven, c=Number of items
3. If any new item is added to the menu then only the Variable expenses incurred will increase, fixed assets will remain constant. So, the total cost will go up the sum effect of 0.2385 times of revenue, $2.55 of per kilo meter driven for delivery and $13 of other charges for per item on menu.
