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scoray [572]
3 years ago
6

On June 1, 2018, Cork Oak Corporation purchased a passenger automobile for 100 percent use in its business. The auto, with a cos

t basis of $22,000, has a 5-year recovery period.. How much depreciation should be taken for 2018, assuming Cork Oak Corporation uses the accelerated depreciation method under MACRS but does not choose to make the election to expense or take bonus depreciation?
Business
1 answer:
lubasha [3.4K]3 years ago
5 0

Answer:

=$ 4400

Explanation:

Under the Macrs depreciation schedule, motor vehicles as assets have a useful life of 5 years. In the first year, the deprecation rate id 20%, followed by 32% in the second year.

For cork oak corporation: the value of the motor vehicle is 22,000

Date of purchase 2018, years in depreciation: 1

Depreciation: = 20/100 x 22 000

  =$ 4400

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I would think shoes because it’s the only one that can be produced.
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3 years ago
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Mary knits sweaters for sale. Her fixed costs are $100. When she makes 10 sweaters in one month, Mary must spend $15 on wool. To
34kurt

Answer:

$2

Explanation:

Given that

The fixed cost = $100

Cost on wool if 10 sweater are made in a month = $15

Cost on wool if 11 sweater are made in a month = $17

Since it involves no other cost

So, the marginal cost of the eleventh sweater is

= Cost on wool when 11 sweater made in one month - Cost on wool when 10 sweater made in one month

= $17 - $15

= $2

4 0
3 years ago
Problem 13-22 The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply
Alex Ar [27]

Answer:

The answer is 150 gallons

Explanation:

First we will write out the relevant information in the question that will help us with our calculation:

Safety stock = 50 gallons

50 gallons = 9% stockout risk

??? gallons = 3% stockout risk

Next, you have to understand that the relationship between the safety stock and stockout risk is an inverse proportion. This means that the bigger the safetystock amount, the smaller the stockout risk, and vice versa. Therefore, there will be a lesser risk of running out of stock, as the safety stock amount increases.

Let g be the safety stock

Let r be the stockout risk

This relationship is represented as:

g = \frac{k}{r}

where k = a constant relating the safety stock and stockout risk.

Therefore :

g*r=k

g_1r_1=g_2r_2

where:

g₁ = 50 gallons

r₁ = 9%

r₂ = 3%

g₂ = ????

Therefore, making g₂ the subject of the formula:

g_2=\frac{g_1*r_1}{r_2}

g_2 = \frac{50*9}{3} = \frac{450}{3} = 150

Therefore, the saftey stock that would provide a stockout risk of 3% = 150 gallons.

3 0
3 years ago
Jedida is the new manager for a team in an advertising agency. Her team has worked together effectively for the last 10 years, a
CaHeK987 [17]

Answer:

Explanation:

Task oriented, effective, group cohesiveness, neutrolize.

Why these options were chosen?

We can see from Jedida's behavior that she is task oriented, because the first thing she did when coming to new employment place is scheduling a meeting.

In a lot of circumstances such behavior could harm the trust and relationship between manager and the team.

However it is said that the team is very close and know each other for a long time. So, such cohesiveness can neutrolize this leadership behavior.

3 0
3 years ago
Career readiness represents the extent to which you possess the ________ desired by employers.
ollegr [7]

Career readiness represents the extent to which you possess the <u>knowledge, skills, and attributes</u>  desired by employers.

<h3>What is Career readiness?</h3>

Career readiness can be defined as the way in which a person acquire or possess the necessary skills, knowledge that an employer desires an employee to posses.

Career readiness is essential for someone that want to build their career or the person that want to reach the highest peak of their career as this enable them to prepare ahead.

Therefore Career readiness represents the extent to which you possess the <u>knowledge, skills, and attributes</u>  desired by employers.

Learn more about Career readiness here:brainly.com/question/27841409

brainly.com/question/3299764

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2 years ago
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