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Natali [406]
3 years ago
10

On January 1, the Matthews Band pays $68,400 for sound equipment. The band estimates it will use this equipment for four years a

nd perform 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During the first year, the band performs 45 concerts. Compute the first-year depreciation using the units-of-production method.
Business
1 answer:
Maru [420]3 years ago
3 0

Answer:

$16,850

Explanation:

The computation of first-year depreciation is shown below:-

Cost minus salvage = $68,400 - $1,000

= $67,400

First-year depreciation = Cost minus salvage ÷ Annual depreciation expense

= $67,400 ÷ 4

= $16,850

Therefore for computing the first year depreciation we simply annual depreciation expense by cost minus salvage.

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Google is known for unusual interview questions. Explain what advantages might these have over more traditional questions about
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Answer:

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i hope this helped you!

8 0
3 years ago
Kelly's Kitchen, a popular chain of fast food restaurants, offers a kids' meal pack free with every purchase of its newly introd
aleksandr82 [10.1K]

Answer:

Premium

Explanation:

Kelly's kitchen in offering kids meal with every purchase of its luxury meal pack; this is an effective method to attract customers and to improve overall sales. The method which Kelly's kitchen has opted for is known as premium. The kitchen is offering a premium or an incentive to every customer who buys their luxury meal pack. Premium is an incentive which is offered in this example.

5 0
3 years ago
Which of the following is true about mortgage-backed securities? I) They aggregate individual home mortgages into homogeneous po
quester [9]

Answer:

I ,II and IV

Explanation:

Mortgage backed securities are either a claim for equity in a pool of mortgages, or a duty secured by a pool. Such claims reflect home loan securities. Loans borrow from mortgage lenders and then sell bundles of those loans on the resale market.

Specifically, once those loans are paid off, they sell their claim to the mortgage cash inflows. The issuer of the mortgage needs to maintain the loan, receiving principal and interest payments, and transfers those payments on to the mortgage borrower.

Therefore according to the given situation the correct answer is I, II, IV

6 0
3 years ago
Emerald Jewelery Store had a credit balance in interest payable of $200 at the beginning of the period, and a credit balance of
Evgesh-ka [11]

Answer:

Net income will be decreased by $150.

Explanation:

Given:

The credit balance of interest payable (Opening) = $200

Credit balance of interest payable (Closing) = $50

Net income will be decreased by $150.

Decreased net income = credit balance of payable (Opening)  - credit balance (Closing)

Decreased net income = $200 - $50

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The interest of $150 was paid which would reduce the net profit.

7 0
3 years ago
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