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vekshin1
3 years ago
9

Caterpillars, Inc., a manufacturing company, acquired equipment on January 1, 2014 for $530,000. Estimated useful life of the eq

uipment was seven years and the estimated residual value was $13,000. On January 1, 2017, after using the equipment for three years, the total estimated useful life has been revised to nine total years. Residual value remains unchanged. The company uses the straight-line method of depreciation. Calculate depreciation expense for 2017. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) a. $50,476 b. $49,238 c. $57,444 d. $58,889

Business
1 answer:
scoray [572]3 years ago
8 0

Answer:

b. $49,238

Explanation:

Please see attachment

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5 0
3 years ago
Read 2 more answers
You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products
pav-90 [236]

Answer:

Cross Price Elasticity of Demand is a measure of the complimentary or substitutional nature of two goods. It enables one to know if goods go together or are replacements for each other.  

When the Cross Price Elasticity is Positive then both of the goods are Substitutes.

This is because when the price of one increased, some people abandoned it and went to the other one which then increased the demand of the latter.

If the Cross Price Elasticity is negative then both the goods are compliments because when the price of one increased, people decided to stop buying it and because the other good is a compliment (goes together) people didn't buy the latter either thereby reducing its demand.

The formula for Cross Price Elasticity is,

= % Change in Quantity Demanded of Good A / % Change in price of Good B

<u>Guppy Gummies and Frizzles. </u>

= -4%/ 5%

= - 0.8%

Cross Price Elasticity is Negative so they are Compliments.  

It IS RECOMMENDED to market Frizzles with Guppy Gummies.

<u>Guppy gummies and Mookies</u>

= 5% / 5%

= 1

Cross Price Elasticity is positive so these are Substitutes.

It is therefore NOT recommended to market Mookies with Guppy Gummies.

5 0
3 years ago
Prepare the current assets section of the balance sheet for Sheridan Company. Assume that in addition to the receivables it has
devlian [24]

Answer:

See explanation section

Explanation:

                            Sheridan Company

     Statement of Financial Position (Balance Sheet)

                       As at December 31, 2018

Particulars                                           Amount ($)

Cash                                                       $91,900

Accounts receivable      xxx,xxx

Less: Bad debt          <u>       xx,xxx</u>

                                                                xxx,xxx

Inventory                                                136,500

Prepaid Insurance                          <u>           9,300</u>

Total Current Assets                          $237,700

Note: If we have accounts receivables and bad debt expense, we can easily get the accurate answer.

7 0
3 years ago
The current stock price of Alcoco is $70, and the stock does not pay dividends. The instantaneous risk-free rate of return is 6%
Mashutka [201]

Answer:

0.31

Explanation:

current stock price $70

risk free rate = 6%

standard deviation = 40$

30 day call option $75

the simplest way to calculate delta (or stock position) is to use a scientific calculator, but if you want you can also do it manually:

delta = N(d₁) ⇒ cumulative normal distribution probability at d₁

with d₁ = [ln (S/K) + (r2  + σ ²/2)T] / σ√T

3 0
3 years ago
If a firm is producing an output level for which marginal revenue is less than marginal cost;
sdas [7]

Answer:

The correct answer is option b.

Explanation:

A firm is able to maximize it's profit by producing output at the level where the marginal revenue earned from the last unit of output is equal to marginal cost incurred on it.

If a firm is operating at the point where the marginal revenue is lower than the marginal cost then the firm can maximize profit by reducing its output till the point where the marginal revenue and marginal cost are equal.

3 0
3 years ago
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