Answer:
The correct answer is letter "D": The use of a higher estimated life and a higher residual value will lower the annual amount of depreciation expense recognized on the income statement.
Explanation:
Depreciation distributes the cost and cost over the useful life of the assets of tangible and real assets. A business could depreciate an asset over a period of up to thirty years, depending on the type of asset it is. There are many depreciation methods but, among the most common we can find the <em>Straight-line method, the Double Declining Balance method</em>, and <em>the Units of Production method</em>. As long as the estimated life of the asset and its residual value is high, the amount filed for the depreciation will be lower.
Answer:
9.68%
Explanation:
Percent Return on Investment is calculated as Net Profit / Cost of Investment x 100
Net Profit= $46,620 (1,000 x $46.62 per share) + $950 (1,000 x $.95 per share) - $43,370 (1,000 x $43.37 per share) = $4,200
Cost of Investment= $43,370 (1,000 x $43.37 per share)
Percent Return on Investment= $4,200 / $43,370 x 100 = 9.68%
Answer:
$29,000
Explanation:
Given that:
- Draw per week: $1,100
- Commission rate: 12%
- Sales for Jim were $205,000 for the month.
- 4 weeks in a month
Assuming a four-week month, Jim's commission :
Commission on revenue + commission of total draws
= $205,000*12% + 4*$1,100
= $24,600+ $4,400
= $29,000
Hope it will find you well.
Answer: $11.16 million.
Explanation:
Free Cash Flow Catering Corp Earnings Before Interest and Tax (EBIT) can be calculated by the following formula,
EBIT = Operating Cashflow + Taxes - Depreciation.
Operating Cashflow = Free Cashflow + Investment in Operating Capital
= 8.08 million + 2.08 million
= $10.16 million
EBIT = 10.16 million + 2.08 million - 1.08 million
EBIT = $11.16 million.
The average change in the tuition in the school is $1748.30 per year
<h3>How to find the average rate of change</h3>
The formula would be
y2 -y1 / x2 - x1
The value for y1 = 19890
y2 = 30380
x2 = 2011
x1 = 2005
We would have to put these values in the formula that we have above such that we would be having:
30380 - 19890 / 2011 - 2005
10490 / 6
= $1748.30
Hence we would say that the average rate of change is $1748.30 per year.
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