Answer:
$4,500
Explanation:
depreciation expense
= [revised cost of asset - salvage value]/[remaining life of the assets]
= [$39,000 - $3,00]/[8 years]
= $4,500
Therefore, The Depreciation expense for Year 6 is $4,500.
Answer:
Option B:
inferior good; elasticity is negative
Explanation:
The income elasticity of demand is a measure of the rate at which a particular commodity is demanded, even after there is a change in the real income of the consumers.
It is a known fact that for inferior goods, once the real income of the consumers increases there is a higher tendency for them to switch to other premium commodities. Such goods are said to have a negative elasticity.
The income elasticity of demand can be calculated with this formula
percentage change in quantity demanded / percentage change in income.
If this gives a value that is less than 1, it means that the percentage change in the quantity of goods demanded is actually less than the percentage change in the income level of the consumers. Hence, the good is an inferior good. This is because when the consumers are earning more, they buy less of the product.
Answer: 1. Declaration Date
2. Payment Date
3. Holder-of-record date
4. Ex-dividend date
Explanation:
1. On the Declaration Date, the company's Director announces that they will pay a dividend as well as the amount of the dividend. This is recorded in the books by crediting it to Dividends payable.
2. On Payment day the dividends are disbursed amongst shareholders. Cash Account is credited and Dividends Payable is debited.
3. The Holder-of-record day is the day the company notes who the owners of it's stock are so that they may receive the dividend.
4. On the Ex-dividend date which is usually 2 days before the record date, any stock bought on or after this date will.not receive any Dividend payment.
Answer: b. neither the earnings nor the dividends of the investee.
Explanation:
When the cost method is used to account for a stock investment, it means that in the books, the stock is to be recorded at the price it was purchased for.
This means that even if earnings and dividends accrue on the stock, it is not to change in value but should stay being recorded at the price it cost to acquire.
Complete Question:
A supervisor finds the mean number of miles that the employees in a department live from work. He finds x=2.9 and s=3.6. Which statement must be true?
z376 is within 1 standard deviation of the mean.
z37 is between 1 and 2 standard deviations of the mean.
z37 is between 2 and 3 standard deviations of the mean.
z37 is more than 3 standard deviations of the mean.
Answer:
z37 is between 2 and 3 standard deviations of the mean.
Explanation:
Standard deviation is a way of measuring of how much the value sample varies or disperses. A low standard deviation means that the values are near the mean value of the set, whereas a high standard deviation implies that the values are distributed over a wider range.
In reasonably average data sets, the values reflect about 68 per cent of the sample within 1 standard deviation from the mean; about 95 per cent in 2 standard deviations; and about 99.7 per cent within 3 standardized deviations.
