Answer:
the annual depreciation rate is 25%
Explanation:
The computation of the depreciation rate is shown below:
= Yearly depreciation ÷ (Purchased cost - salvage value)
= ($3,000 × 12 months) ÷ ($180,000 - $36,000)
= $36,000 ÷ $144,000
= 25%
Hence, the annual depreciation rate is 25%
we simply applied the above formula
Answer:
Agents and brokers
Explanation:
Agents and brokers connect buyers and sellers. They are contracted by either sellers or buyers to help them increase sales or find items to buy. Agents and brokers act on behalf of their clients.
Wholesalers and retailers take ownership of the goods they sell. They first buy the goods, which gives them title to the goods before selling to retailers or consumers. Agent and brokers do not buy goods. They look for buyers or sellers for their clients' merchandise.
Answer:
Investment decisions must be made in accordance with the prudent investor rule
.
The Uniform Prudent Investor Act of 1994 displays the rules. Speculative positions are forbidden. Margin Trading is authorized only if allowed by beneficiary of account. Fiduciaries can charge reasonable fees for their service but may not be compensated as a share of profits.
Explanation:
Answer:
Explanation:
The journal entry is shown below:
On December 31,2016
Salary Expense A/c Dr $3,960 ($1,320 × 3 days )
To Salary Payable A/c $3,960
(Being adjusted salary is recorded)
On January 2
Salary Expense A/c Dr $2,640 ($1,320 × 2 days )
Salary Payable A/c $3,960 ($1,320 × 3 days)
To Cash A/c $6,600
(Being cash is paid)
Answer:
$875
Explanation:
Generally, the relationship can be expressed as interest rate = Coupon Payment / Face Value.
Initially a 7% market rate a investor gets 7% which gives a coupon payment of $70 because the face value of 1000.
Hence 70/1000 = 7%
Subsequently with the interest rate change, we can look for the bond price.
Substitute 8% for the interest rate and find the revised bond value which will fall as rate increases
$70/bond price = 8%
Then $70/ bond price = 0.08
0.08 x bond price = $70
bond price = $70 / 0.08 = $875
