Answer:
$ 750
Explanation:
Total cost = average total cost × quantity = $ 2.75 × 600 = $ 1650
Total revenue = price × quantity = $ 4 × 600 = $ 2400
profit = $ 2400 - $ 1650 = $ 750
Answer:
<em>C. Paying your bill late.</em>
<em>E. Juggling too many cards.</em>
Explanation:
Answer:
Correct option is (D)
Explanation:
Given:
Purchase price of copyright = $50,000
Expected useful life = 5 years
Annual depreciation expense as per straight line method:
= Purchase price ÷ useful life
= 50,000 ÷ 5
= $10,000
Only useful life is considered and not legal life.
Carrying value of asset at the end of year = Book value of asset - annual depreciation
Carrying value of copyright at then end of first year = 50,000 - 10,000 = $40,000
Carrying value of copyright at then end of second year = 40,000 - 10,000 = $30,000
