Answer:
19.07%
Explanation:
The computation of the total compound return over the 3 years is shown below:
= (1 + investment percentage earned in first year) × (1 + investment percentage earned in second year) × (1 + investment percentage loss in second year)
= (1 + 0.35) × (1 + 0.40) × (1 - 0.37)
= 1.35 × 1.40 × 0.63
= 1.1907
= 19.07%
Answer:
The depreciation expense during the year: $12,000
Explanation:
The Likert Company uses the units-of-production depreciation method to calculate depreciation expense by the following formula:
Depreciation Expense = [(Cost of asset − Residual Value ) x Number of Miles Produced]/Life in Number of Miles
Depreciation Expense per mile = ($64,000 - $4,000)/200,000 = $0.3
During the year, the truck travelled 40,000 miles
Depreciation Expense = $0.3 x 40,000 = $12,000
Answer:
This concept is called the opportunity cost.
Explanation:
The opportunity cost of any economic decision is the cost of giving up or sacrificing its alternative. We are aware that resources are limited and have alternative uses. We have to use these resources to satisfy unlimited wants and needs.
If we use resources for one purpose it cannot be used for another. So we have to make a decision on how to spend the resources, on which alternative use. If we select one alternative, we need to give up another. The cost incurred on sacrificing or giving up the other alternative is the opportunity cost of using the resource for the first alternative.
Answer:
Explanation: The Marginal Product of Labour reaches it maximum value at the point of diminishing returns and then after this point the marginal product of labour begins to fall.
The law of diminishing returns states that as a units of one input are added while all other inputs are held constant, a point will be reached where the resulting additions to output will begin to decrease; that is at this point marginal product will start declining.
Going further at the point of diminishing returns, the marginal product of labour is still above the average product of labour and the average product of labour will continue to increase until marginal product of labour equals average product of labour.
Answer:
3
Explanation:
Based on your answer to questions 1 and 2, set three goals: one short-term, one mid-term, and one long-term.
