Answer:
$1,680
Explanation:
Data provided in the question:
Purchasing cost = $7,000
Useful life = 5 years
Salvage value = $1,200
Now,
Rate of depreciation using double declining method
= 2 × [ 1 ÷ Useful life ]
= 2 × [ 1 ÷ 5 ]
= 0.4
Therefore,
Depreciation expense for the year 1 = Rate of depreciation × Purchase cost
= 0.4 × $7,000
= $2,800
Thus,
Book value for the year 2 = cost - Depreciation expense for the year 1
= $7,000 - $2,800
= $4,200
Thus,
Depreciation expense for the year 2
= Rate of depreciation × Book value for the year 2
= 0.4 × $4,200
= $1,680
ROI (return on investment) is a ratio the measures the amount of return for your investment. The calculation is (net return) / (net investment). In this case net return is the dividends and the cost is the price of the stock. So... (.75)/(16.49)= 4.5% return on investment.
Answer: Varies directly with nominal Gross Domestic Product (GDP).
Explanation:
The Transactions Demand for money refers to money that is kept by individuals, companies and even the Government to be able to purchase goods and services.
It varies directly with Nominal GDP because Nominal GDP includes inflation.
If Nominal GDP were to rise for instance, it would mean that Inflation has risen as well which means that people would need more money to be able to buy the now more expensive goods and services. This is an increase in Transactions Demand for money.
The reverse holds true signifying indeed that Transactions Demand for money varies with Nominal GDP.
Joyce works for kappa services corporation as an independent contractor, and not as an employee, if Kappa does not control Joyce's work.
According to the general rule, a person is considered to be an independent contractor if the party paying for their services has the authority to direct or control only the final product of their job, rather than the process of doing it.
You are considered self-employed if you work as an independent contractor. A person who works as an independent contractor must pay self-employment tax on their income. Visit the Self-Employed Individuals Tax Center to learn more about your tax requirements.
If your work may be controlled by your employer, you are not an independent contractor (what will be done and how it will be done). Even if you have complete freedom of movement, this still holds true. The legal authority of the employer to direct all aspects of the services' performance is what matters.
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