Relatively unknown events are best marketed through

On January 1, Year 1, Andrei’s Design Inc., purchased equipment for $60,000. Residual value at the end of an estimated four-year

Likurg_2 [28]

Answer:

a. $10,000

b. $19,000

c. $41,000

Explanation:

The computations are shown below:

The depreciation per hour would be

= (Original cost - residual value) ÷ (estimated machine hours)

= ($60,000 - $10,000) ÷ (20,000 hours)

= ($50,000) ÷ (20,000 hours)

= $2.5 per hour

a. Now for the second year, it would be

= Machine hours in second year × depreciation per hour

= 4,000 units × $2.5

= $10,000

b. Accumulated depreciation would be

= (Machine hours in year 1 + Machine hours in year 2) × depreciation per hour

= (3,600 hours + 4,000 hours) × $2.5

= $19,000

c. And, the book value would be

= Original cost - accumulated depreciation

= $60,000 - $19,000

= $41,000

3 0

3 years ago

A _____ is a legally-binding agreement between two or more parties. Select the best answe from the choices provided. contract la

umka2103 [35]

I'm pretty sure the answer is Contract

8 0

4 years ago

Read 2 more answers

You buy a stock for which you expect to receive an annual dividend of $2.10 for the fifteen years that you plan on holding it. a

kap26 [50]

<span>You are given an annual dividend of $2.10 for the fifteen years that you plan on holding it. Also, after 15 years, you are given to sell the stock for $32.25. You are asked to find the present value of a share for this company if you want a 10% return. You have to mind that the future stock for 15 years is $32.25. You are not only going to mind the present value of the annuity at $2.10 but also the $32.25.

With the interest of r = 10% and number of years of n = 15, we get
PVIFA = 7.6061.

For annuity we have,
$2.10 * 7.60608 = $15.973

For $32.35 with r = 10% and n = 15
PVIF = 0.239392

Thus for the present value of selling price,
$32.25 * 0.239392 = $7.720

Thus the present value of the share
P = $15.973 + $7.720
P = $23.693
</span>

6 0

3 years ago

A joint stock company is an artificial person, created by law having a separate legal existence with a perpetual succession and

Reika [66]

Answer: See explanation

Explanation:

joint-stock company is a business that is being owned by its investors, such that the share owned is based on the stock that been bought.

In a joint stock company, it should be noted that the members are liable for the debts of the company only based on the extent of the amount that they've contributed.

At least one shareholder owns the joint stock company and it's managed by at least one director. In the case of death or disability, the life of the company won't be affected which indicates the perpetual succession.

5 0

3 years ago

The Home and Garden (HG) chain of superstores imports decorative planters from Italy. Demand for the planters is stable and aver

Korolek [52]

Answer:

The average inventory which HG should carry during the year is 5,000 units.

Explanation:

Economic Order Quantity is the ideal inventory procurement which minimizes holding and ordering cost. The EOQ is used by businesses in order to determine the best possible inventory holding.

EOQ = $\sqrt{\frac{2*Annual Demand * Ordering Cost}{Annual Holding Cost} }$

EOQ = $\sqrt\frac{2*7,500*5,000}{10*0.3}$

EOQ = 5,000 units

6 0

3 years ago