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Answer:
Explanation:
The computation of the depreciation expense under straight-line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($42,000 - $1,990) ÷ (5 years)
= ($40,010) ÷ (5 years)
= $8,002
In this method, the depreciation is same for all the remaining useful life
The journal entries are shown below:
For 2019
Depreciation expense A/c Dr $8,002
To Accumulated Depreciation A/c $8,002
(Being depreciation expense is recorded)
For 2020
Depreciation expense A/c Dr $8,002
To Accumulated Depreciation A/c $8,002
(Being depreciation expense is recorded)
Answer:
Debt to income ratio is all your debt payments divided by all the money you earn during a month. Generally you are considered to be in good financial shape when your debt to income ratio is less than 20%, if it's less than 10% it is even better.
Kim's gross income = $1,230 - $165 (taxes) = $1,065
Kim's total debt payments without new debt = $134 (credit card payments)
Kim's total debt payments including new debt = $134 + $172 (new debt) = $306
Kim's debt to income ration without new debt = $134 / $1,065 = 12.58%
Kim's debt to income ration with new debt = $306 / $1,065 = 28.73%
Currently Kim's debt to income ratio is only 12.58% which is very good, but if she takes the new loan then her ratio will increase to 28.73% which is extremely high and not prudent.
Mass marketing, often known as undifferentiated marketing, is a tactic that involves developing a single message for every possible audience. It increases brand recognition and enables firms to contact more customers at a reduced cost.
It encompasses all the activities that companies undertake to push, sell, and distribute that product or service. The goal is to come up with sales and build a loyal Marketing customer base by informing prospective and existing buyers about the offering. The key purpose of selling is to induce people to inquisitive about the products or services of an organization.
This happens through market research, research and contemplating the interest of a business's ideal customers and attracting them through messaging which might be educational and helpful to a business's target group.
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The underside line of any business is to form money and marketing is a vital channel to achieve that end goal. Creative explained that without marketing many businesses wouldn't exist because marketing is ultimately what drives sales.
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