<h3 />
$13,400 is the first-year depreciation using the straight-line method.
<h3>Step 1</h3>
cost = $69,000
savage = $2,000
cost minus savage = $69,000 -- $2,000
⇒$67,000
⇒Estimated years = 5years
using the straight-line method formula.
<h3>
Step 2 </h3>
⇒first-year depreciation expense = $67,000 /5
⇒$13,400
thus, the depreciation using the straight-line method is $13,400
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Answer:
Strenghts
Explanation:
The SWOT Analysis have four components:
-Strenghts refer to things that are internal to the organization that allow it to perform well and help to differentiate from competitors.
-Weaknesses are things that don't allow the company to have a good performance and are an internal factor.
-Opportunities are external factors that provide an advantage for the company.
-Threats are external factors that can affect negatively the organization.
According to this, the answer is that in a SWOT analysis, the employees’ high levels of product knowledge are an example of the company’s strenghts because this is an internal factor that helps the company to perform well.
Answer:
Here we need to find the length of an annuity. We know the interest rate, the PV, and the payments. Using the PVA equation:
PVA =C({1 – [1/(1 +r)t]} /r)
$14,500 = $500{[1 – (1/1.0155)t] / 0.0155}
Now we solve for t:
1/1.0155t = 1 − {[($14,500)/($500)](0.0155)}
1/1.0155t= 0.5505
1.0155t= 1/(0.5505) = 1.817
t = ln 1.817 / ln 1.0155 = 38.83 months
<u>Account will be paid off in 38.83 months.</u>
Answer: Please see the analysis below
Explanation: The following are the financial statement effects
Assets Liabilities Stockholders Equity Income Expense
Write-off of $10,000 - - Nil Nil Nil
Bad debt of $8,000 - + - - +
- Write-off of customer balances of $10,000 would lead to reduction in assets and also reduction in liabilities (since the provision for doubtful accounts reports to liabilities but mapped to the accounts receivable to show the net amount). Here, we have assumed that there is an existing allowance for doubtful accounts that has $10,000 buffer or more. If the write-off was not initially provided for, it would hit expense by debiting bad debt expense and crediting the accounts receivable. <em>Its effects are therefore decrease in asset, decrease in liabilities.</em>
- Bad debt expense of $8,000 affects the expense and the liabilities/assets. Journal entries to record the bad debt expense is Debit Bad debt expense $8,000; Credit Allowance for doubtful accounts $8,000. So, it affects the expense, liabilities and ultimately the assets (allowance for doubtful accounts is a contra to the accounts receivable). <em>Its effects are increase in expense, increase in liabilities, decrease in stockholders equity, decrease in income and decrease in assets</em>
Answer:
It is relevant for the government if it feels that it can perform better than other players in the market and that it will generate value for its people in the long run.
Explanation:
The government must first of all consider that what value its people expect from it and how it will be successful in doing so. If the government thinks it can control the balance of payment and the inflation within the country by going into production of goods and services. Pakistan, a country who has invested in Photon Automobile company, because its most import includes the importation of automobile engines is the move to restrict the players in its market to produce all of the machinery within country and not by importing it from other countries. So this would increase the value of its currency in the international market. Furthermore, it has also invested in its tourism section which was neglected in past 10 years due terrorism. But now as the country has no cases of terror attacks during the past 2 years. It is focusing iin promoting tourism in its country to uplift the lives of its people living in rural areas. Furthermore, the country is also struggling to increase the ease of doing business in the country which would increase the chances of foreign investment.
The above scenario shows that the government must get involved in the production of goods and services if it thinks it would increase value for its people.