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stiv31 [10]
3 years ago
13

A company purchased a computer system at a cost of $34,000. The estimated useful life is 7 years, and the estimated residual val

ue is $2,000. Assuming the company uses the double-declining-balance method, what is the depreciation expense for the second year
Business
1 answer:
Ipatiy [6.2K]3 years ago
3 0

Answer:

$7,000

Explanation:

Calculation for the depreciation expense for the second year

Depreciation rate will be:

2/7 = 29%

$34,000 × 29% = $9,860

The depreciation in the first year will be $9,860

Thus,

($34,000 - $9,860) × 29%

$24,140×29%

= $7,000

Therefore the depreciation expense for the second year will be $7,000

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Trava [24]

Answer:

Loss of $500

Explanation:

Given that

Stock price = 123

Strike price = 125

Premium price = 5

Recall that

Long call profit = (MAX (stock price - strike price, 0) - premium per share

Thus,

Long call profit = Max [0, ($123 - $125)(100)] - $500

= - $500.

Therefore, the negative sign in front indicates a loss of $500

3 0
4 years ago
Jiminez, Inc., had the following transactions during the month of March 2015. Prepare an income statement based on this informat
vladimir1956 [14]

Answer:

net income     4,385

Explanation:

The income statment will only include revenues and expenses account.

A revenue will be the gain realized from the business main activity or secondary like interst or rental revenues.

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revenues       9,850

expenses     <u>  5,465   </u>

net income     4,385

The loan is not an expense. It wil lbe the interest it generated but we aren't given with that information

The dividends also aren't an expense they represent the return to the investors.

5 0
4 years ago
Every year, Professor Dumbledore assigns the instructors at Hogwarts to various faculty committees.
aniked [119]

Answer:

Explanation:

Base on the scenario been describe in the question, the algorithm that describe professor Dumbledore’s problem, or correctly

reports that there is no valid assignment whose total cost is finite is written as follows; Dumbledore needs to assign instructors to committees so that (1) each committee is full, (3) no

instructor is assigned to more than three committees, (2) only suitable and willing instructors

are assigned to each committee, and (4) the total cost of the assignment is as small as possible.

Describe and analyze an efficient algorithm that either solves Dumbledore’s problem, or correctly

reports that there is no valid assignment whose total cost is finite

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3 years ago
Which is a reason a person might decide not to purchase insurance
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They have no record of crashing

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Which of the following best describes an entrepreneur?
aev [14]
An Individual who begins, manages, and bears the risks of a business
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