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Gelneren [198K]
3 years ago
8

On January 1, Truesdale, Inc., purchased a piece of machinery for use in operations. The total acquisition cost was $33,000. The

machine has an estimated useful life of 3 years and a salvage value of $3,000. Using the straight-line method, the amount of depreciation that should be recorded during year 1, is approximately
Business
1 answer:
hammer [34]3 years ago
4 0

Answer:

Annual depreciation= $10,000

Explanation:

Giving the following information:

The total acquisition cost was $33,000. The machine has an estimated useful life of 3 years and a salvage value of $3,000.

To calculate the depreciation expense under the straight-line method, we need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (33,000 - 3,000)/3

Annual depreciation= $10,000

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sleet_krkn [62]

Answer:

9.75%

Explanation:

EPS = Earning per share = $5

DPS = Dividend per share  $1.25

ROI = return on investment = 13%, or 0.13

RR = Retention rate = (EPS - DPS)/EPS = ($5 - $1.25)/$5 = 0.75, or 75%

Growth = RR * ROI = 13% * 75% = 9.75%

Therefore, the expected growth rate for KTI's dividend is closest to 9.75%

7 0
3 years ago
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You are suppose to pay your payment on the right date each month and too get your credit up.
7 0
4 years ago
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The fed’s efforts to manage interest rates and thus the availability of credit is known as?
SIZIF [17.4K]

The fed’s efforts to manage interest rates and thus the availability of credit is known as monetary policy.

To control the total quantity of money in circulation, promote economic growth, and put into action policies like raising interest rates and changing bank reserve requirements, a nation's central bank employs a collection of tools known as monetary policy. The three main tools of monetary policy are the discount rate, reserve requirements, and open market activities.

The Fed influences the cost and accessibility of credit and money to maintain a strong economy as the nation's monetary policy regulator. The three objectives of monetary policy are to curb inflation, moderate employment levels, and maintain long-term interest rates.

To know more about monetary policy refer to: brainly.com/question/28038989

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8 0
2 years ago
What you like to do you like to do school are read
nikdorinn [45]

Answer:

this makes no sense.

just saying

Explanation:

7 0
2 years ago
The market where existing securities are sold is:______.
Cerrena [4.2K]

Answer:

b. the secondary market.

Explanation:

The secondary market is the market in which the securities are offered and sold which are previously issued by the company. No new securities are to be offered to the investors this case refer to the primary market in which the initial public offer is made i.e. new securities are offered to the general public

Therefore in the given case, the correct option is b. the secondary market

6 0
4 years ago
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