Answer:
.B. The amount of depreciation expense recognized in 2019 would be greater if Dinwiddie depreciates the car under the straight-line method than if the double declining balance method is used
Explanation:
The double-declining method recognizes higher depreciation amounts in the first years of an asset 's life. The method applies twice the rate of the straight-line method on a declining book value balances. In the latter years, the depreciation amount will be less because the book value will have declined considerably.
In this case, a useful life of six years attracts a straight-line depreciation rate of 16.6 % (1/6 x 100). the double-declining method will apply a rate of 33.2 %.
The straight-line method applies a constant rate throughout the use-life of an asset. The book value decreases at a constant rate, unlike in double -declining, where the book value decreases rapidly in the early years of the asset. 2019 will be the fourth year in this case. The fourth-year is in the latter stages of a six-year useful life.
Answer:
Portfolio B has a higher return but more volatile stocks. However it depends on how the individual can tolerate risks.
Explanation:
Expected return= free return + Beta (Expected rate of return – risk free rate)
Portfolio A
6%+ +.8*6%
= 6%+4.8%= 10.8%
Portfolio B
6%+1.5(6%)
6%+9%= 15%
It depends on different factors. Portfolio B has a higher return but more volatile stocks. However it depends on how the individual can tolerate risks.
The federal reserve account is the central bank of the United States of America. It is an independent bank in a sense that it does not need the approval of the President or any government authority to forego with their daily transactions. Only institutions have accounts in the federal reserves like commercial banks. An individual cannot access one.
Answer:
The total cost of producing a given level of output is:____.
d. minimized when the ratio of marginal product to input price is equal for all inputs.
Explanation:
With the above situation, the marginal cost (input price) = the marginal revenue (marginal product). The producer can then maximize profit if it can lower its average total cost per unit below the marginal cost for producing one additional unit of its product. In all cost situations, it is better for the producer to have the total revenue exceeding the total costs, at all times, but more especially with increasing production.
Answer:
INCOME STATEMENT
Net sales $710
Cost of goods sold ($585)
Selling, gen & admin expenses ($39
)
Depreciation <u> ($13) </u>
EBIT $73
Interest expense <u> ($26
)</u>
Taxable income $47
Taxes <u> ($16
) </u>
Net income <u> $31 </u>
Balance Sheet
Property, plant, and equipment $525
Less accumulated depreciation <u>($121)</u>
Net fixed assets $404
Inventories $51
Cash $16
Receivables <u>$40
</u>
Total current assets <u>$107 </u>
Total Assets <u>$511</u>
Shareholders’ equity $94
Long-term debt $355
Payable $36
Debt due for repayment <u>$26
</u>
Total current liabilities <u>$62</u>
Total liabilities <u> $417 </u>
Total liabilities & shareholders’ equity <u>$511</u>
Explanation:
Sales and Expenses balances are included in Income statement. Assets, Equity and Liabilities balances are included in the balance sheet.
