Answer: $32,667
Explanation:
The truck's useful life is 3 years because it is 2007 to 2010.
Depreciation = (Cost - Salvage value) / Useful life
= (110,000 - 12,000) / 3
= $32,667 per year
Answer:
cash 910,000 debit
bonds payable 850,000 credit
premium on BP 60,000 credit
-- to record issuance of bonds --
interest expense 63700 debit
amortization 4300 credit
cash 68000 credit
--to record coupon payment at December 31th--
Explanation:
issuance:
cash proceed of 910,000 face value of 850,000 the 60,000 difference wil be a premium.
interest entry:
we multiply the carrying value of the bonds by the market rate
we calcualte the cash procees as ussual: face value x bond rate
the difference wil be the amortization on premium
910,000 x 7% 63,700
850,000 x 8% 68,000
amorization 4,300
Answer: maximize return on investment
Explanation:
Linear programming is an optimization technique that is used for a system of linear constraints and an objective function that helps in defining the quantity that is to be optimized.
It is used for sure solving complex problems in businesss whereby deciding of the quantities f variables to use in achieving profit maximization or cost minimization is difficult.
Therefore, linear programming approach is usually used by managers involved in portfolio selection to maximize return on investment.
Answer:
D) increase; decrease
Explanation:
in order to appreciate the currency by $0.10, the interest rates need to be increased. This will encourage people to save more and thus increase the demand for gizmo that will increase the exchange rate.
This increased interest rate will also decrease the capital outflow out of the country as more people will be willing to take advantage of higher interest on savings in the country than investing outside of the country to leverage opportunities. Thus option D is the right choice.
Hope that helps.
Answer:
$82,454.45
Explanation:
The computation of the amortization for the year is shown below:
= Purchase value of the copyright ÷ number of years
= $907,000 ÷ 11 years
= $82,454.45
By dividing the purchase value of the copyright with the number of years we can get the amortization and the same is shown above
All other information which is given is not relevant. Hence ignored it
