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Pepsi [2]
3 years ago
15

Betty needs to understand the interest rate for her savings account in order to calculate how much the account will earn in inte

rest. she visits a customer service representative at her new bank to learn how to calculate the interest. he gives her an expression to find the interest rate, r, in her savings account. it is
Business
1 answer:
Tpy6a [65]3 years ago
8 0

r = (18/15)1/3 - 1 = (6/5)1/3 - 1 = (2/5) - 1 = - 3/5 = -0.6.

above is the question but are you sure the question is correct? shouldn't r = (18000/15000)^1/3 - 1? please check.

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Dexter Industries purchased packaging equipment on January 8 for $72,000. The equipment was expected to have a useful life of th
Flauer [41]

Answer:

<h2>Dexter Industries</h2>

1. Depreciation Expense for the three years ending December 31:

i) Straight-line Method:

Depreciation charge = (Cost - Residual Value)/Useful life

= Depreciable amount/useful life

Annual Depreciation = ($72,000 - $4,500)/3 = $22,500

Depreciation Expense:

Year 1      $22,500

Year 2     $22,500

Year 3     $22,500

ii) Units-of-Activity Method

Depreciable amount x (hours used/useful life in hours)

or Depreciable amount per hour x hours used

Depreciable amount = $72,000 - $4,500 = $67,500

Depreciation Expense:

Year 1      $28,500 (7,600/18,000 x $67,500) or 7,600 x $3.75

Year 2     $22,500 (6,000/18,000 x $67,500) or 6,000 x $3.75

Year 3     $16,500 (4,400/18,000 x $67,500) or 4,400 x $3.75

iii) Double-Declining-Balance Method

Steps:

Divide 100/useful life = 33.33333%.  This is the straight-line percentage.

Multiply this by 2, to obtain the percentage for double-declining method.

This gives 66.66666%

Depreciation Expenses:

Year 1 = $48,000 ($72,000 x 66.66666%)

Year 2 = $16,000 (($72,000 - $48,000) x 66.66666%))

Year 3 = $3,500  not $5,000 (($72,000 - $48,000 - $16,000) x 66.66666%))

The last year's depreciation cannot exceed the book value less the residual value.

1B) Total Depreciation Expense for the three years by each method:

i) Straight-line Method

Total Depreciation = $22,500 x 3 = $67,500

ii) Units-of-Activity Method

Total Depreciation = $67,500 ($28,500 + 22,500 + 16,500)

iii) Double-Declining-Balance Method

Total Depreciation = $67,500 ($48,000 + 16,000 + 3,500)

2. The method that yields the highest depreciation expense for Year 1:

The Double-Declining-Balance Method

3. The method that yields the most depreciation over the three-year life of the equipment:

None.  They yield the same total depreciation because of the presence of the residual value.

Explanation:

1) Cost of Equipment = $72,000

Useful Life = 3 years or 18,000 operating hours

Residual Value = $4,500

2) Depreciation is systematic reduction of the recorded cost of a long-term asset until the asset's value becomes zero or negligible.  It is an accounting estimate based on the entity's judgement.  It is a way of spreading the cost of a noncurrent asset in accordance with the accrual concept and matching principle over the periods that benefit from the long-term asset.  There are many methods which can be adopted.

5 0
3 years ago
Question 5 of 10
deff fn [24]

Answer:

A.

Explanation:

Another name for specialization, this is when an individual focuses

on one specific skill in the field.

6 0
2 years ago
Read 2 more answers
Joe is an accountant and plans to join a group of accountants. he compares a group in a general partnership with a group in a li
Tatiana [17]
The thing that would interest him the most and is an advantage is that if one partner were to make a mistake, he would not be held accountable for it. Unlike the general partnership where everyone gets equal blame for the downfall of a company, in limited liability it is known what falls under whose jurisdiction and if someone causes the company to go bankrupt, the ones whose fault it's not can't get sued.
8 0
3 years ago
Who is the current ceo of earthwear how much did accounts payable change in dollars and percent from 2014 to 2015. in which of t
aleksley [76]
Based on my online research, the current CEO of Earthwear is Calvin J. Rodgers.

From 2014 to 2015, the accounts payable change in dollars with an increase of $14,077 which is equivalent to 20.07%.

It is written that Earthwear had the highest net income in 2010. The net income amounted to $41,698.00

Additional detail about Earthwear is that it uses LIFO or last-in, first-out inventory valuation method. 
4 0
3 years ago
6. The motivation people feel to buy a product​
mojhsa [17]
The correct answer would be Incentive.
Incentive is a thing that motivates or encourages one to do something.
3 0
3 years ago
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