Do debit cards have a higher interest rate than credit cards

Determining asset cost, preparing depreciation schedules (3 methods), and identifying depreciation results that meet management

den301095 [7]

Answer:

total cost = $100,000 + $3,000 + $600 + $10,400 = $114,000

straight line depreciation expense = ($114,000 - $12,000) x 1/5 = $20,400

year depreciation expense book value

1 $20,400 $93,600

2 $20,400 $73,200

3 $20,400 $52,800

4 $20,400 $32,400

5 $20,400 $12,000

RESULTS IN HIGHER INCOME DURING THE FIRST YEAR.

units of production deprecation = ($114,000 - $12,000) / 136,000 = $0.75 per mile

year depreciation expense book value

1 $24,000 $90,000

2 $24,000 $66,000

3 $24,000 $42,000

4 $24,000 $18,000

5 $6,000 $12,000

double-declining-balance depreciation:

depreciation year 1 = $114,000 x 2/5 = $45,600

depreciation year 2 = $68,400 x 2/5 = $27,360

depreciation year 3 = $41,040 x 2/5 = $16,416

depreciation year 4 = $24,624 x 2/5 = $9,850

depreciation year 5 = $14,774 - $12,000 = $2,774

year depreciation expense book value

1 $45,600 $68,400

2 $27,360 $41,040

3 $16,416 $24,624

4 $9,850 $14,774

5 $2,774 $12,000

7 0

3 years ago

Lucky Louie just inherited $50,000 from his great aunt, has $1,500 in his checking account, owns a car with a value of $8,000, a

kodGreya [7K]

Answer:

$58,500

Explanation:

Net worth is the difference between total assets and total liabilities.

I.e network = Asset - Liabilities

For Louie: Assets

Inheritance $ 50,000.00

Checking account $ 1 ,500.00

Car $ 8,000.00

403 (k) $ 20,000.00

Total $ 79,500.00

Liabilities

Car loan $ 6,000.00

School fee loan $ 12,000.00

credit card $ 3, 0000.00

Total $21, 000.00

Net worth = $ 79,500- $21,000

=$58,500

8 0

4 years ago

A 4.75 percent coupon municipal bond has 20 years left to maturity and has a price quote of 101.30. The bond can be called in ei

Vladimir79 [104]

Answer:

Answer is given below.

Explanation:

Par value of bond = $ 5000

Coupon rate = 4.75% * 6 / 12 = 2.375% Per period

Term = 20Years *2 = 40 Periods

Current price of bond = Par value * 101.30% = $5,000 * 101.30% = $5,065

Callable price = Par value + Call premium = $5,000 + $5,000 * 4.75% = S5,237.5

Callableterm = 8 Years * 2 = 16 Periods

Couponamountperperiod =Parvalue • Couponrate = $5000*2.375% = $118.75

Current yield = Coupon amount /Current price = $118.75/$5,065 = 0.023445212 = 2.345%Per period Rounded)

Currentyield = 2.345%Perperiod *2 = 4.69%Perannum

YTM = [Coupon amount + (Maturity value - Current price ) / Term] / [(Current price + Maturity value ) /2]

= [$118.75+($5,000-$5,065)/40]/[($5,065+S5,000)/2]

= $117.125 / $5032.5

= 0.023273721 = 2.33%Perperiod

YTM = 2.33% * 2 = 4.66% Per annum

Tax rate = 36%

After tax equivalent yield YTM (1 -Tax rate) = 4.66%(1-36%) = 2.9824% Per annum

Yield to call (YTC) = [Couponamount+(Call price - Current price)/Callable Term/ [(Current price+Call price)/2]

= [$118.75 + ($5,237.5 - $5,065)/16 ] / [($5,065 + $5,237.5)/ 2]

= $129.53125/ $5151.25

= 0.025145596 = 2.515%Per period (Rounded)

YTC = 2.515%2 = 5.03%Per annum (Rounded)

4 0

3 years ago

Read 2 more answers

According to the Florida bureau of economic research, the mean rent price for condo in Florida is $ 700, We want to test this hy

CaHeK987 [17]

Answer:

The answer is a.

Explanation:

I can safely say that in order to have an exact value of an average of $ 700, it is because an initial survey had to be made of people in 50 condominiums that allowed finding several sample means and finally finding the total sample mean, this data allows determining an exact average of reliable values supplied by respondents in the sample.

8 0

3 years ago

Clu, dolf, and elton do business as fertile valley farm. clu’s relationship to the firm ends, but it continues to do business. t

Artyom0805 [142]

The answer is A, dissociation.

5 0

4 years ago