Answer:
The depreciation expense for 2017 is $4,050
Explanation:
The company uses straight-line depreciation method, Depreciation Expense per year is calculated by following formula:
Annual Depreciation Expense = (Cost of asset − Salvage Value )/Useful Life = (
$103,500 - $22,500)/5 = $16,200
Depreciation Expense per month = $16,200/12 = $1,350
Crane Company places a new asset into service on October 1, 2017. In 2017, the asset has been used for 3 months
The depreciation expense for 2017 = $1,350 x 3 = $4,050
Answer:
E) He will be able to rescind the agreement because Weaver committed fraudulent misrepresentation.
Answer:
Decrease by $250,000
Explanation:
Calculation for what would be the effect on net income.
We would be using Differential Analysis method to find the effect on the net income
Differential Analysis
Continue with Luggage Department; Eliminate Luggage Department; Effect on Income
Sales
1,000,000 0 -1,000,000
Variable cost
-250,000 0 250,000
Direct fixed costs
-500,000 0 500,000
Indirect fixed costs
-300,000 -300,000 0
Net Income
-$50,000 -$300,000 -$250,000
Therefore in a situation where the luggage department is eliminated, the income would decrease by $250,000
<span>When they promotes their product in this way it is an example of "market segmentation." Market segmentation means to divide potential customers into groups (or segments) based on certain specific characteristics that these consumers share - especially characteristics that indicate these consumers might respond similarly to the same marketing choice (for example, exhibiting an extreme sport lifestyle).</span>
<h2>Buying computers refers to "listing what will be spent on items needed to start the business".</h2>
Explanation:
The given definition or terms are associated with the concept of "start up cost".
Listing what will be spent on item needed to start the business: This option also refers to a term called "asset". So buying computers is an asset to the business. No business runs without a computer and it is one of the source that brings business, make business popular, etc.
listing what will be spent on expense to start the business: This statement refers to the term called "cost"
