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lana66690 [7]
3 years ago
11

Carmel Corporation is considering the purchase of a machine costing $38,000 with a 4-year useful life and no salvage value. Carm

el uses straight-line depreciation and assumes that the annual cash inflow from the machine will be received uniformly throughout each year. In calculating the accounting rate of return, what is Carmel's average investment?
Business
1 answer:
kifflom [539]3 years ago
3 0

Answer:

$19,000

Explanation

Calculation for Carmel's average investment

Using this formula

Average investment=Investment/2

Let plug in the formula

Average investment=($38,000 + $0)/2

Average investment=$19,000

Therefore Carmel's average investment will be $19,000

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Answer:

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Explanation:

The purchase account is used to record purchased goods. Accountants and bookkeepers usually do not operate a goods account. When goods are purchased, they increase the purchases account.

Purchased goods are either paid in cash or on credit. Cash purchases reduce cash held in the business and are recorded in the cash account. Credit purchases increase liabilities and are recorded in the creditor's accounts.

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3 years ago
Emily, whose husband died in December 2013, maintains a household in which her dependent mother lives. Which (if any) of the fol
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Answer:

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Explanation:

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3 years ago
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Vsevolod [243]

Answer:

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3 years ago
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adell [148]

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The lucky event problem occurs when an investor makes a profit on investment not because of how efficient a market is or by a logical procedure, but rather by chance.

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