Answer: Interest value on the note is $2,400
Explanation: Notes are investments with specified time and interest rate.
the above stated note has the following:
Principal: $64,000
Interest rate: 15%
Tenor = 3 months
Calculation of interest on principal
= 64,000* 15%*3/12
=64,000*0.15*0.25
= 2,400
Interest accrued for the period on the note is $2,400
Answer:
The $8,900 spent in machinery maintenance should be accounted as current period expenses.
The $42,000 spent in office remodelations should capitalize the buildings asset.
The $25,000 spent in improving the shipping and receiving area should capitalize the manufacturing facility.
The $35,000 spent in a new security system should capitalize the manufacturing facility.
Answer:
20 is the socially optimal number
Explanation:
In this question, we are asked to calculate the socially optimal number of clean streets given the marginal cost of cleaning them.
To solve this problem, we employ a mathematical approach as follows:
Market demand = Sum of Individual demand
Magaret demand = p = (50-Q)/2 = 25-0.5Q
Thomas demand = P = 40-Q
Market demand = 25-0.5Q + 40-Q = 65-1.5Q
MC = 35
Socially optimal number = MC = Market demand
35 = 65-1.5Q
30 = 1.5Q
Q = 20
The criterion of abnormality that is absent from the given
scenario above is personal discomfort. Personal discomfort is present when an
individual is experiencing an emotional reaction in which is caused by factors
such as stress that would lead to anxiety or discomfort.
Answer:
Depreciation for year 3 = $115518
BV = $57798
Explanation:
The modified accelerated cost recovery method employees a classification-based approach to depreciating certain assets, once classified are assigned respective rates of depreciation. for example, assets classified under automobiles, trucks and machinery are treated under 5-year MACRS and will be depreciated at 20%, 32%, 19.2% and so on.
In this question the bridge across Rio Grande being built by Del Norte Brick co is treated under 3-year MACRS, for which the rates are as follows:
33.33% for the first year
44.45% 2nd year
14.81% 3rd year
7.41% 4th year
We have been asked to determine 3rd years' depreciation and book value, determined as follows:
Depreciation year 1: $780000 33.33% = $259974
Depreciation year 2: $780000 44.45% = $346710
Depreciation year 3: $780000 14.81% = $115518
So the depreciation for year 3 = $115518
The book value is calculated as follows:
<em>Book value = cost - accumulated depreciation</em>
BV = $780000 - $722202
BV = $57798
