Basically examining the promblem
Answer:
10%
Explanation:
Since there is no residual value, the full amount invested should be used to calculate the average rate of return. The average rate of return is determined as the average income divided by the invested amount.
If the total income was $10,980,000 over 20 years, the average income is:
If the invested amount was $5,490,000, the average rate of return is:
Answer:
2018: 8 months
Depreciation= $916,67
2019: full year
Depreciation= $1375
Explanation:
Giving the following information:
Taco Hut purchased equipment on May 1, 2018.
Price: $15,000.
Residual value: $4,000
Useful life: 8 year
We need to calculate the depreciation for 2018 and 2019 using straight-line method:
Depreciation= (purchase price- residual value)/useful life
Depreciation= (15000-4000)/8= $1375
2018: 8 months
Depreciation=(1375/12)*8= 916,67
2019: full year
Depreciation= $1375
Answer:
C)
Explanation:
Compassion is when you are concerned for someone or somebody.
Answer:
it must be organized as a separate legal entity.
Explanation:
A corporation is a business that is owned by shareholders. The corporation is a separate legal entity and so it can sue and be sued, pay taxes and own assets.
Advantages of a corporation include :
1. they have unlimited liabilities
2. they have unlimited life. the business doesn't end even after the death of the owners unlike a sole proprietorship
3. they have more access to capital
Disadvantages of a corporation include :
- high cost of setting up
- Earnings to shareholders are taxed twice
A corporation can only issue one type of share
A corporation is under no obligation to pay dividends
Stocks of a corporation can either be sold in large or small amounts
