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alexandr1967 [171]
3 years ago
11

According to the Department of Labor finishing even one year of college raises the average person's income a lot for the rest of

that person's life.
Business
2 answers:
NeX [460]3 years ago
7 0
Your right nothing wrong about that


frosja888 [35]3 years ago
3 0
Yeah what that other person daid
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An asset was purchased for $126,000 on January 1, Year 1, and originally estimated to have a useful life of 8 years with a resid
katrin [286]

Answer:

The correct answer is $23,663

Explanation:

Spreadsheet is attached with the calculus.  

Depreciation expense is the difference between the cost of the asset and the residual value, divided by the useful life of the asset.

Depreciation expense=(original cost-residual cost) /useful life

In this case,  conditions change at third year.  First, we must calculate the depreciation expense with the first situation. The first 2 years , we are going to decrease the asset value  with this depreciation expense.

Situation 1  Depreciation expense 14375

At third year ,  we must recalculate the depreciation expense.  The final value of second years is the  new "original value".

Situation 2

Original Value  97250

Residual Value  2600

Useful life  4

Depreciation expense= (97250 - 2600 )/4

Depreciation expense= 23,663

Download xlsx
4 0
3 years ago
Harlan Corporation deposits $225,000 every June 30th and December 31st in a savings account (beginning in the current year) for
Dmitry_Shevchenko [17]

Answer:

$1,419,327.22

Explanation:

The formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:

FV = M × {[(1 + r)^n - 1] ÷ r} ................................. (1)

Where,

FV = Future value of the amount after 3 years = ?

M = Annuity  payment = $225,000

r = Semi annual interest rate = 4% ÷  2 = 2%, 0.02

n = number of periods the investment will be made = 3 × 2 = 6

Substituting the values into equation (1), we have:

FV = $225,000 × {[(1 + 0.02)^6 - 1] ÷ 0.02} =  $1,419,327.22

Therefore, Harlan Corporation will have $1,419,327.22 at the end of three years.

6 0
3 years ago
A bank has excess reserves of $1,000,000 and makes a new loan for $500,000. If the bank faces a 10% required reserve ratio, by h
lianna [129]

Answer:

Money supply increase=500000/10%=5000000

Explanation:

3 0
3 years ago
In January, 2021, Summit Department Store sells a gift card for $50 and receives cash. In February, 2021, the customer comes bac
PtichkaEL [24]

Answer:

Feb. 2021

  Dr Gift Card Liability         $20

     Cr Gift Card Revenue    $20

(to record revenue arisen from oustanding Gift Card Liability)

Explanation:

Under GAAP, the accounting for Gift Card is quite simple. When the gift card are sold, Gift Card Issuer receives Cash (Debit Cash) and assume the Liability (Cr Liability) to anyone owning the gift card for later providing of goods/services priced at the Cash amount that had been received.

It is not until Gift Card is redeemed that Gift Card Issuer is allowed to record revenue (Credit Revenue) as it is an actual point of time when the provide of goods/services takes place. Also at the same time, once the goods/services are provided, they Liability assumed earlier in time through Gift Card issuance will be discharged to the extent of the price of goods/services provided.

7 0
3 years ago
_____ refers to what each party gets in exchange for his or her promise under a contract.
wlad13 [49]
Consideration refers to what each party gets in exchange for his or her promise under a contract. A contract has four elements: agreement, consideration, contractual capacity, and legal object. Agreement refers to the contract itself, consideration to the results of the contract, contractual capacity represents your legal ability to sign the contract, and legal object is the purpose of the agreement.
4 0
3 years ago
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