1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kruka [31]
3 years ago
6

An automobile purchased for use by the manager of a firm at a price of $24,000 is to be depreciated linearly over 5 years.  What

will the book value of the automobile at the end of 3 years be?  Assume a scrap value of $0.
Business
1 answer:
Elena L [17]3 years ago
6 0
2,400/5=4,800 per year is the depreciation.
You might be interested in
Knight Company reports the following costs and expenses in May.
Marina86 [1]

Answer:

A. Consider all indirect manufacturing costs

B. Consider all manufacturing costs

C. Consider non manufacturing costs

Explanation:

A) Manufacturing overhead.

Consider all indirect manufacturing costs

B) Product costs.

Consider all manufacturing costs

C) Period costs.

Consider non manufacturing costs

4 0
3 years ago
Database Systems is considering expansion into a new product line. Assets to support expansion will cost $750,000. It is estimat
Delvig [45]

Answer:

The net income is $150,500 and the return on assets is 20.06 %

Explanation:

The formula for computing net income and return on assets is shown below and the computation is also made.

Net income =  Sales revenue × Profit margin

                   = $2,150,000 × 7%

                   = $150,500

Return on assets = Net income ÷ total assets

                            = $150,500 ÷ $750,000

                            = 0.2006

                            = 20.06 %

Thus, the net income is $150,500 and the return on assets is 20.06 %

4 0
3 years ago
Country A is an extremely efficient producer of tin. However, its climate and terrain makes it difficult to produce corn. Accord
Advocard [28]

Answer:

Theory of comparative advantage states that a country has a comparative in a production of certain commodities if the opportunity cost of producing these commodities is lower than the other countries.

Here, it is given that country A is a efficient producer of tin and there are some difficulties in producing corn. So, country A have to concentrate on the production of Tin and purchase the corn from any other efficient producer.

7 0
3 years ago
Would a macroeconomist be interested in how individual consumers respond to an increase in taxes on gasoline?
shepuryov [24]
Yes i think they would
4 0
3 years ago
Which of the following would likely lead to the greatest improvement in health status of the population in the United States?A.
Grace [21]

Answer:

D. Improved lifestyles, including reductions in the use of tobacco, alcohol, and drugs.

Explanation:

It is in the hands of a person to manage his health Therefore, If he/she improves the lifestyle and eats healthy and exercises daily. One can improve his/her health drastically.

7 0
3 years ago
Other questions:
  • if you take an assessment that me sure your behavioral characteristics in certain situations which inventory are you taking ?
    15·1 answer
  • Does the word abstract have to be on the second page of a paper in apa format
    13·1 answer
  • Procter​ & Gamble introduced its Duncan Hines​ ready-to-spread frosting in a small geographic area. When General Foods becam
    9·1 answer
  • Templates often speed up the process of server administration, explain how would you make sure you get as much benefit of your g
    11·1 answer
  • The ease with which the customer can place and receive their order as well as other aspects of value that the sales staff provid
    8·1 answer
  • Which of the following statements is correct? a. Vertical equity is the idea that taxpayers with similar abilities to pay taxes
    10·1 answer
  • The placement of proof-point information on product packaging is part of which of the four ps?
    15·1 answer
  • On May 1, Soriano Co. reported the following account balances along with their estimated fair values:
    7·1 answer
  • In a major metropolitan area, there are many coffee shops, but one chain has gained a large market share because customers feel
    12·1 answer
  • Economics
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!