Answer:
The depreciation deduction for the year is $583.33
Explanation:
Depreciable basis = $7,000
Number of years = 7 years
Depreciation per year = $7,000 / 7 years
Depreciation per year = $1,000 per year
Assuming year end is December 31, 2019
Number of month passed in 2019 = December 31, 2019 - June 1, 2019 = 7 months
Depreciation for the year 2019 = $1,000 x ( 7 / 12 ) = $583.33
So the depreciation deduction for the year is $583.33
Answer:In the month of May, Revenue was only earned from Customer C $3,400 and customer D, $2,300. Revenue was not earned from Customers A and B in the month of May. Therefore, total revenue is $5,700.
Explanation:In accordance with the principle of revenue recognition,Revenue will only be recognised when it is earned and services when they are fully rendered. For Customer A, the service has not been rendered, Therefore, the revenue is not yet earned.
For customer B, Although agreement has been reached and goods delivered, since payment hasn't been received, revenue is not recognised.
Answer:
Explanation below
Explanation:
Workplace diversity can be attained when people from different races, ethnic groups, ages, languages, nationalities, gender and religions are well represented within the company.
Diversity benefits the company in different ways.
When it comes to the marketing of company products and services, a diverse workforce can be able to build trust in the company’s brand with a diverse market they are targeting.
When your product development team have diverse individuals that is in sync with your target market, they can be able to create new products and services that can satisfy the needs of the market they are targeting
Answer:
A) if the MPC = 0.8, then the MPS = 0.2, and the multiplier = 1 / 0.2 = 5
if investment increases by $30 billion, aggregate demand will increase by $150 billion ($120 billion in consumption and $30 billion in investment).
B) if Mountainia's MPS = 0.25, then the multiplier = 1 / 0.25 = 4
if $5 billion in investments are postponed, then the aggregate demand will decrease by $20 billion ($15 billion in consumption and $5 billion in investment)