Answer:
$33,600
Explanation:
The computation is shown below:
But first we have to determined the following things
Depreciation rate
= 1 ÷ useful life
= 1 ÷ 10
= 0.1
It is double-declining so the rate is also double i.e. 0.20
Now in the first year, the depreciation expense is
= $40,000 × 0.20
= $8,000
Now in the second year, the depreciation is
= ($40,000 - $8,000) × 0.20
= $25,600
So, the accumulated depreciation at the end of 2019 is
= $8,000 + $25,600
= $33,600
Here the residual value is not relevant. hence, ignored it
Answer:
C. I, II, III
Explanation:
In a period of falling interest rates, a bond dealer would engage in all of the following activities except for IV. Therefore, a dealer would raise his quoted price in Bloomberg. If the dealer has an appreciated bond that he wishes to sell, he can place ''Request for Bids'' for those bonds in Bloomberg. The dealer may buy bond the he has previously sold short to limit losses due to rising price. To protect existing short position against the rising price, the dealer will buy call options, not put options. Put options are used in protecting existing long position from falling price.
Answer:
Inventory TO 5.5
This means Ortiz sales his inventory 5.5 times per year.
Explanation:
Inventory turnover for Ortiz
where:
COGS: 66,000
In this case the average inventory is provided already: 12,000
Inventory TO 5.5
This means Ortiz sales his inventory 5.5 times per year.
Saying that money is indivisible is false. As long as its not a penny, money can be divided down to the last cent
