To whom can you provide customer transaction information to when they visit your store?

Fordon Corporation purchased a piece of equipment for $50,000. It estimated a 8-year life and $2,000 salvage value. At the end o

svet-max [94.6K]

Answer:

Revised Depreciation charge per year is $2,200

Explanation:

Revised Depreciation can be calculated in 3 steps:

Step 1: Annual Depreciation charge of Equipment using initial estimate

Depreciation charge = (Cost of Asset – Salvage Value) / Useful life

Depreciation charge = ($50,000 - $2,000) / 8 years = $6,000 per year

Step 2: Calculate Net Book Value of Equipment at the end of year 4

Cost of Asset: $50,000

Less: Accumulated Depreciation of 4 Years ($6,000 x 4): ($24,000)

Net Book Value: $26,000

Step 3: Calculate Revised Depreciation charge using the revised useful life

Revised Depreciation charge = (Net Book Value of Asset at the end of Year 4 – New Salvage Value) / Revised Useful life

Revised Depreciation charge = ($26,000 - $4,000) / 10 Years = $2,200 per year

6 0

2 years ago

An investor invests $4,000 to buy 200 shares of Sand Corporation, which has an expected return of 24%; $2,000 to buy 100 shares

Anni [7]

Answer:

Expected return = 28%

Explanation:

given data

invests $4,000

share = 200

return = 24%

and

invests = $2000

share = 100

return = 18%

and

invest = $4,000

share = 400

return = 28%

to find out

expected return on this portfolio

solution

we know total investment is

Total investment = 4000+2000+4000

Total investment = 10000

and

Wt. of Sand Corporation shares in the total portfolio= $\frac{4000}{10000}$ = 0.4

Wt. of Water Corporation shares in the total portfolio= $\frac{2000}{10000}$ = 0.2

Wt. of Beach Corporation shares in the total portfolio= $\frac{4000}{10000}$ = 0.4

and

Expected return on the given portfolio is

Expected return = 0.4 × 24% + 0.4 × 18% + 0.4 × 28%

Expected return = 28%

5 0

2 years ago

Which of the following actions has NO impact on your credit score?

cluponka [151]

Your credit score is affected when you use money or open credit cards so the answer would be A

8 0

2 years ago

Mar. 17 Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible. July 29 Reinstated the acc

PIT_PIT [208]

Answer:

Mar 17.

6150 Bad Debt Expense $1.000 - Debit

1010 CASH Operating Account $275 - Debit

1290 A/REC Allowance for Uncollectible Accounts $1.000 - Credit

1220 A/REC Trade Notes Receivable $275 - Credit

Jul 29.

1290 A/REC Allowance for Uncollectible Accounts $1.000 - Debit

1010 CASH Operating Account $1.000 - Debit

6150 Bad Debt Expense $1.000 - Credit

1220 A/REC Trade Notes Receivable $1.000 - Credit

Explanation:

7 0

2 years ago

Goodell Corporation just paid its annual dividend of $1.75, today. Dividends for the Goodell Corporation are expected to increas

AlekseyPX

Answer:

current price of Goodell Corporation stock is $48.26

Explanation:

given data

annual dividend = $1.75

expected to increase 1 year = 27.5 percent

expected to increase 2 year = 13.8 percent

expected to increase per year = 5 percent

required rate of return = 10 percent

solution

we get here first dividend that is

D1 = 1.75 × (1.275) = 2.23 ...............1

D2 = 2.23 × (1.138) = 2.54 ...............2

D3 = 2.54 × (1.05) = 2.67 ...............3

and

year 2 price will be

P2 = D3 ÷ (R – g) ...............4

P2 = 2.67 ÷ (0.10 - 0.05)

P2 = 53.4 ...............5

so current price will be

P = 2.23 ÷ (1.10) + 2.54 ÷ (1.10)2 + 53.40 ÷ (1.10)2

P = $48.26

4 0

2 years ago