Answer:
The correct answer is $9187.5.
Explanation:
According to the scenario, the given data are as follows:
Asset cost = $140,000
Residual value = $42,000
Life period = 8 years
So, Annual depreciation can be calculated by using following method:
Annual depreciation = ( Asset cost - Residual value) ÷ Life period
= ($140,000 - $42,000) ÷ 8
= $12,250
As depreciation is to be recorded till Dec.31
So, total time period = Apr - Dec = 9 months
So, Depreciation expense till Dec.31 = $12,250 × (9 ÷ 12)
= $9,187.5
Hence, Depreciation expense till Dec.31 is $9,187.5.
Answer:
The concept of EMI i.e. Equal monthly installments will be used.
Explanation:
Given that:
Purchase amount of house = $3,00,000
Down payment made = 20% of 3,00,000 = $60,000
Balance amount = $2,40,000
Therefore, to determine the monthly payment the concept of Equal monthly installment will be used.
I am pretty sure that it's D. Tell me if it's correct or not!
Answer:
people can perform more efficiently if they master just one task rather than all tasks.
Explanation:
Specialisation is the process by which a person becomes proficient at one particular ntask and in so doing they increase efficiency of production process.
In this scenario a single person performing the task can do one to three auto repairs per day. But if one person removed the old part, another person prepared the new part, and a third person installed the new part, they were able to complete up to twenty repairs per day.
That is an average of 20 ÷ 3= 6.667 per person per day.
This shows that people can perform more efficiently if they master just one task rather than all tasks.
Answer:
$11,875; $1,575
Explanation:
Total cost of starting an own business is as follows:
= purchase office supplies + monthly electricity bill has increased
= $75 + $50
= $125 per month
Total revenue = $12,000 per month
Opportunity cost refers to the cost of forgone something in order to choose some other alternative.
Opportunity cost or Implicit costs:
= Earning from Job + Income from garage apartment
= $10,000 + $300
= $10,300
(a) Barney's average monthly accounting profits:
= Total revenue - Total cost
= $12,000 - $125
= $11,875
(b) Barney's average monthly economic profits:
= Accounting profits - Implicit cost or Opportunity cost
= $11,875 - $10,300
= $1,575