Answer:
The depreciation cost per year is:
Year 1: $16,800
Year 2: $31,200
Year 3: $27,600
Year 4: $15,120
Explanation:
To calculate the depreciation cost for the equipment based on hours used, we must determine the cost per hour:
cost per hour = (purchase cost - salvage value) / expected useful life
cost per hour = ($93,420 - $2,700) / 7,560 hours = $90,720 / 7,560 hours = $12 per hour
The depreciation cost per year is:
Year 1: 1,400 hours x $12 per hour = $16,800
Year 2: 2,600 hours x $12 per hour = $31,200
Year 3: 2,300 hours x $12 per hour = $27,600
Year 4: 1,260 hours x $12 per hour = $15,120
Answer:
C
Explanation:
They sell shares at a price to investors. They then use these funds to help grow their business and in turn pay dividends to shareholders
The company's plantwide overhead rate is calculated to be $38.60 per machine hour.
The company's plantwide overhead rate can be calculated by dividing the sum of overhead costs of indirect labor and factory utilities by the total machine hours planned for the next year. As the overhead cost of indirect labor is $5,240,000 and the overhead cost of factory utilities is $550,000; the plantwide overhead rate can be calculated as follows;
plantwide overhead rate = (overhead cost of indirect labor + overhead cost of factory utilities) ÷ machine hours
plantwide overhead rate = $5,240,000 + $550,000 ÷ 150,000
plantwide overhead rate = 5,790,000 ÷ 150,000
plantwide overhead rate = 38.60
Therefore, the plantwide overhead rate is calculated to be $38.60 per machine hour.
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It should be noted that when demand for a product is unit elastic and one would expect sales to equal: 5 units.
<h3>What is elastic demand?</h3>
An elastic demand can be regarded as the demand whereby change in quantity demanded due to a change in price is large.
An inelastic demand entails change in quantity demanded due to a change in price is small.
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The business life cycle corresponds to the stages that a business goes through throughout its existence in the market, which are existence, survival of the fittest, success, take-off and maturity. The correct sequence for this question is C B D A E.
<h3>Maturity</h3>
The business is separate from the owner with responsibilities delegated to staff. A business in this stage usually commands a considerable share of the market and may even be a household name.
<h3>Takeoff</h3>
Expansion strategies are implemented, and investment is balanced with potential.
<h3>Existence</h3>
The business introduces itself to the market and attempts to catch the attention of potential customers.
<h3>Success</h3>
Company is stable and profitable.
<h3>Survival of the Fittest</h3>
Focus shifts to revenue, expenses, and growth. Cashflow is the major issue.
Therefore, the business life cycle will help management to manage its resources according to the business phase and make more effective decisions for competitiveness and organizational positioning.
The correct answer is:
C. Maturity
B. Takeoff
D. Existence
A. Success
E. Survival of the Fittest
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