Answer:
16.7%
Explanation:
The simple rate of return is the annual net income divided by the initial investment in the proposed investment project.
The annual net income is the annual cash flow of $8,400 minus annual depreciation charge.
annual depreciation=cost -salvage value/useful life=($36,000-$0)/15=$2400
annual net income=$8,400-$2,400=$6000
simple rate of return =annual net income/initial investment
initial investment is $36,000
simple rate of return=$6,000/$36,000=16.7%
The second option,16,7% is the correct answer
Danger Mouse Inc. sells $1,300 worth of equipment to Matador Company. The effect of cash on the elements of the Matador Company's fundamental accounting equation is that the total assets remain unchanged.
How much are total assets?
- Current assets and non-current assets, often known as fixed assets, are divided up into total assets.
- Short-term assets known as current assets are utilised to cover current liabilities.
- Long-term assets known as fixed assets are employed by businesses to produce revenue and profits.
- This transaction results in a $1,300 drop in the cash balance and a $1,300 rise in fixed assets, leaving the total assets unchanged.
- The entry is as follows:
General Journal Debit Credit
Equipment $XX
Cash $XX
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Technology change many of our jobs for example now they have all these gadgets at do things for us
Answer: An unfair trade practice
Explanation:
Insurance guaranty associations are the organizations that help in the protection of the interest of the insurance policyholders in a case whereby there's insolvency on the part of the insurance company.
In a scenario whereby an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Association, this is not appropriate and should be termed to be an unfair trade practice.
