What are some things to look for when choosing a credit card? what does the video suggest about credit cards?

On January 1, 2021, the Excel Delivery Company purchased a delivery van for $111,000. At the end of its five-year service life,

sveta [45]

Answer:

Annual depreciation = $44,400

Explanation:

Given,

Purchase price of the delivery van = $111,000

Salvage value = $11,400

Useful Life = 5 years

We know that

annual depreciation under double declining balance (%) = (100%/useful life)*2

Putting the value in the formula, Annual depreciation (%) = (100%/5)*2

= 40%

Annual depreciation = Purchase Price*Percentage of annual depreciation

Annual depreciation = $111,000*40% = $44,400

6 0

3 years ago

Kuzio Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sell

sladkih [1.3K]

Answer:

Effect on income= $9,600 increase

Explanation:

Giving the following formula:

Unitary contribution margin= $90

The marketing manager believes that a $7,500 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales.

To calculate the effect on income, we need to use the following formula:

Effect on income= increase in total contribution margin - increase in fixed costs

Effect on income= 190*90 - 7,500

Effect on income= 17,100 - 7,500

Effect on income= $9,600 increase

3 0

3 years ago

Direct interview requests include of all of the following techniques EXCEPT: a. Requesting an interview through an employment ag

PtichkaEL [24]

Direct interview requests include of all of the following techniques EXCEPT: a. Requesting an interview through an employment agency. Direct interview requests includes:
>Requesting an interview during a personal visit to the company.
>Requesting an interview during a personal visit to the company.
>Requesting an interview through a telephone call.

6 0

3 years ago

Read 2 more answers

(Appendix 11.1) Depreciation for Financial Statements and Income Tax Purposes Dinkle Company purchased equipment for $50,000. Th

Romashka-Z-Leto [24]

Answer and Explanation:

The computation is shown below:

For year 1

According to the Company's Books Depreciation

= (Orginal Cost - Salvage value) ÷ useful Life

= ($50,000 - $5,000) ÷ 10 years

= $4,500

According to the Income Tax Depreciation

= Cost × MACRS Rate for Year 1

= $50,000 × 20%

= $10,000

So, the difference in year 1 is

= $10,000 - $4,500

= $5,500

For year 2

According to the Company's Books Depreciation

= (Orginal Cost - Salvage value) ÷ useful Life

= ($50,000 - $5,000) ÷ 10 years

= $4,500

According to the Income Tax Depreciation

= Cost × MACRS Rate for Year 2

= $50,000 × 32%

= $16,000

So, the difference in year 1 is

= $16,000 - $4,500

= $11,500

7 0

3 years ago

Who are the two key players in a circular flow model? :

Inessa [10]

The answer is C households and business

8 0

3 years ago