Answer:
Annual depreciation= $14,420
Book value= $50,160
Explanation:
Giving the following information:
Purchase price= $79,000
Useful life= 5 years
Salvage value= $6,900
<u>To calculate the depreciation expense, we need to use the following formula:</u>
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (79,000 - 6,900) / 5
Annual depreciation= $14,420
<u>Now, the book value:</u>
Book value= purchase price - accumulated depreciation
Book value= 79,000 - (14,420*2)
Book value= $50,160
Answer:
Option B (bail-out) is the correct approach.
Explanation:
- For something like a variable annuity, a clause states that even though the investment on either the annuity happens to fall underneath a specified amount, the insured person will make additional withdrawal effects through loss.
- It eliminates the owner from those in the contract unless the transactions do not exceed a sum negotiated upon.
Some other available choices do not apply to the types of situations in question. So that the argument presented above should be appropriate.
Jean told her stockbroker to purchase 300 shares of stock of company abc at $20 per share. The fee that the stockbroker charges for this service is called Commission. Hence, option D is correct.
<h3>Who is stockbroker?</h3>
Stockbroker is the person who execute the shares and invest in them on the behalf of their clients. Stockbroker has certain knowledge about the trading of shares, so using their ability of understanding the stock market.
Many of the stockbroker works for the firm or company and handle their customer's accounts and do tradings.
Thus, option D is correct.
For more details about Stockbroker, click here:
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a. Dividend
b. Yield
c. Net Proceeds
d. Commission
Answer:
i believe the answer would be b
Explanation:
if its life insurance that's something that people have just i case something happens to them that way their family would still be taken care of. hope this helps!
Answer:
Economic profit= $24,740
Explanation:
Giving the following information:
Jane grows apples on land she inherited from her grandmother. She incurs explicit costs of $200 for the trees and $60 for fertilizers. The market price of apples is $36 per box. At this price, Jane produces 1,500 boxes of apple.
Suppose her land is worth $9,000 and her labor is worth
$20,000.
Sales= 54,000
Fixed costs= 260
Opportunity cost= 29,000
Economic profit= $24,740
