Answer:
a. $26,720
Explanation:
Before computing the accumulated depreciation, first we have to compute the original cost of the equipment, after that the depreciation expense. The calculation is shown below:
Original cos t = Equipment purchase cost + freight charges + installment charges
= $68,000 + $2,800 + $8,000
= $78,800
Now the depreciation expense under the straight-line method is shown below:
= (Original cost - residual value) ÷ estimated life in years
= ($78,800 - $12,000) ÷ 5 years
= $13,360
Now the accumulated depreciation is
= Depreciation expense × number of years
= $13,360 × 2 years
= $26,720
Answer:
The answer would be neutrality of money theory
Explanation:
The neutrality of money theory claims that changes in the money supply affect the prices of goods, services, and wages but not overall economic productivity. Many of today's economists believe the theory is still applicable, at least over the long run.
Answer:
B) fit for the ordinary purpose for which such goods are used.
Explanation:
An implied warranty of merchantability means that the products sold should fulfill an ordinary buyer's expectations and should be fit for the purpose intended.
All products carry an implied warranty of merchantability unless expressly disclaimed or identified as a sale "with all faults" or "as is".
Answer:
zero-coupon
Explanation:
According to my experience with different investment assets, I can say that based on the information provided within the question he purchased a zero-coupon bond. This is an bond asset that the individual may redeem at the time of maturity for the same price that he purchased the bond. Just like mentioned in the question.
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It is "cutting out the middleman", which seeks to reduce distribution expenses.
By avoiding the middleman, i.e. offering straightforwardly to you, the maker can list that equivalent item for, say $75 which because of a broker or retailer rises to at least 100 $, which it to appear is a lot of difference to the buyer, while in the meantime giving them significantly more benefit than they'd make selling to a store.
