Answer:
second year depreciation 13,072
Explanation:
190,000 - 10,000 = 180,000 ammount subject to depreciation
then we do:
180,000/75,000 = 0.688 rate per bolt
to get the depreciation for the second year:
19,000 x rate = 19,000 x 180,000/75,000 = $13,072.00
doing it in a single step avoid rounding errors.
The answer to this question is the "REQUIRED RESERVE RATIO", it is the name given to the fraction of deposits that a bank is legally required to hold in its vault or as deposits at the fed. As per law and based on the checking account deposits, there is required reserve that a bank is legally authorized to hold.
Calculation of Cost of Goods Sold for Versaille company:
It is given that Versaille Company has the cost of goods manufactured $325,000, beginning finished goods inventory $150,000, and ending finished goods inventory $175,000. The Cost of Goods Sold can be calculated using the following formula;
Cost of Goods Sold = Cost of goods manufactured + beginning finished goods inventory - ending finished goods inventory
= 325,000+150,000-175,000
= $300,000
Hence, the cost of goods sold for Versaille company is <u>$300,000</u>
Answer: .(a) Arises from peripheral or incidental transactions - corresponds to the definition of gains and losses.
(b) Obligation to transfer resources arising from a past transaction. - Corresponds to Liabilities.
(c) Increases ownership interest. - Investment by owner, Comprehensive Income.
(d) Declares and pays cash dividends to owners. - It is the Distributions to Owners.
(e) Increases in net assets in a period from nonowner sources. - Corresponds to Comprehensive Income.
(f) Items characterized by service potential or future economic benefit. - Is the definition of Assets.
(g) Equals increase in assets less liabilities during the year, after adding distributions to owners and subtracting investments by owners. - Comprehensive Income.
(h) Arises from income statement activities that constitute the entitys ongoing major or central operations. - Corresponds to the definition of Revenues and Expenses.
(i) Residual interest in the assets of the enterprise after deducting its liabilities. - Equity.
Answer:
1103.22%
Explanation:
The value of the investment at the end of the year assuming 250 trading days per year can be computed the future value formula provided below:
FV=PV*(1+daily return)^n
PV=initial investment=$100
daily return=reinvestment rate=1%
n=number of trading days in a year=250
FV=$100*(1+1%)^250
FV=$ 1,203.22
Annual return=( 1,203.22/$100)-1
Annual return=1103.22%
