Answer:
$6,775
Explanation:
The computation of the depreciation expense using the straight line method is shown below:
Straight-line method:
= (Original cost - residual value) ÷ (useful life)
= ($30,800 - $3,700) ÷ (4 years)
= ($27,100) ÷ (4 years)
= $6,775
In this method, the depreciation is same for all the remaining useful life
Therefore, in the first and second year the same depreciation expense is to be charged i.e $6,775
Answer:
The correct answer is: Management Discussion and Analysis.
Explanation:
The Management Discussion and Analysis report, often abbreviated as MD&A, is part of the financial statements of the companies where the performance of the company is measured compared to the previous period and the projections of the organization compared to the competing overall market is analyzed. The MD&A is part of the 10-K form requested by the Securities and Exchange Commission (<em>SEC</em>).
Answer:
Time taken will be 31.35 days
Explanation:
We have given account receivable = $391648
Credit sales for the year = $5338411
Number of days in an year = 365 days
We have to find the time taken on average for credit customers to pay off their accounts during the past year
Time taken is given by 
Answer:
Explanation:
From the question, we are informed that the British government has a consol bond outstanding paying pound 100 per year forever and that the current interest rate is 4% per year.
A. What is the value of the bond immediately after a payment is made?
The value of the bond here will be the present value of the payment on perpetuity. This will be payment divided by rate.
= $100/4%
= $100/0.04
= $2500
B. What is the value of the bond immediately before a payment is made?
The bond value here will be the value of the payment added to the value of the bond immediately after a payment is made which is calculated in (a) above. This will be:
= $100 + $2500
= $2600
Answer: The correct answer is "b. lose because Kelly had no legal duty to rescue him."
Explanation: Bob will lose because Kelly had no legal duty to rescue him,
While Kelly could have had a better attitude and at least tried to save him, she had no obligation to rescue him from the position he was in because of himself since Bob ignored the warning signs.