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torisob [31]
3 years ago
8

McCanless Co. recently purchased an asset for $2,000,000 that will be used in a 3-year project. The asset is in the 4-year MACRS

class. The depreciation percentage each year is 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. What is the amount of depreciation in Year 2?
Business
1 answer:
Yuliya22 [10]3 years ago
4 0

Answer:

$889,000

Explanation:

Data provided as per the question below:

Purchases assets = $2,000,000

Depreciation Rate for Year 2  = 44.45%

The computation of amount of depreciation is shown below:-

Amount of depreciation in Year 2 = Purchases assets × Depreciation Rate for Year 2

=$2,000,000 × 44.45%

=$889,000

Therefore, for computing the amount of depreciation in Year 2 we simply multiply purchase assets with depreciation rate for year 2.

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Mary invested $200 for 3 years at 5% per annum. John invested $300
irga5000 [103]

Answer:

b. 2

Explanation:

Simple interest is calculated using the formula

I = p x r x t

Where p= principal amount

r= interest rate

t= time in years

Mary invested $200, at 5% for three years. She earned a simple interest of;

I= $200 x 5/100 x 3

=$200 x 0.05 x 3

=$30

If John received the same amounts, It means

$30= $300 x 0.05 x t

$30 = $15t

t= $30/$15

t=2

Time is 2 years

7 0
3 years ago
A company is setting its direct materials and direct labor standards for its leading product. Direct material costs from the sup
Anarel [89]

The formula for calculating the direct labor standard is:

Direct labor standard = Basic wages + Payroll tax

or

Direct labor standard = Basic wages + 25% of Basic wages

 

Substituting the given values into the equation:

Direct labor standard = $19 + 0.25 * $19

<span>Direct labor standard = $23.75</span>

3 0
3 years ago
Suppose you invest in 100 shares of Harley- Davidson (HOG) at $40 per share and 230 shares of Yahoo(YHOO) at $25 per share. If t
masha68 [24]

Answer:

option (D) - 1.54%

Explanation:

Number of share of Harley- Davidson (HOG) = 100

Number of share of Yahoo(YHOO) = 230

Purchase price of share of Harley- Davidson (HOG)  = $40 per share

Purchase price of of share of Yahoo(YHOO)  = $25 per share

Final price of the share  of Harley- Davidson (HOG) = $50

Increase in price of the share  of Harley- Davidson (HOG) = $50 - $40 = $10

Final price of the share  of Yahoo(YHOO) = $20

Increase in price of the share  of Yahoo(YHOO) = $20 - $25 = - $5

here, negative sign means the loss

Now,

Total amount invested = 100 × $40 + 230 × $25

= 4,000 + 5,750

= $9,750

also,

Total net gain from shares = $10 × 100 - $5 × 230

= 1,000 - 1,150

= -150

return on your portfolio = \frac{\textup{Net gain }}{\textup{Amount invested}}\times100\%

= \frac{\textup{-150}}{\textup{9,750}}\times100\%

= - 1.538% ≈ - 1.54%

option (D) - 1.54%

4 0
4 years ago
If a lender agrees to an $80,000 loan at 9% for 15 years with 2 loan discount points, what amount will be charged at closing for
White raven [17]

points charged at closing will be $80,000 × 0.02 (2 points equal 2%) = $1,600.

Points, also called discount points, lower interest rates in exchange for prepayment. Lenders lower your closing costs in exchange for accepting higher interest rates. These terms may be used to mean something else. "Point" is a term that mortgage lenders have used for many years.

Mortgage points (sometimes called discount points) are fees paid to lower interest rates on home purchases or refinancing. Discount points cost 1% of your mortgage amount. For example, if you take a $ 100,000 mortgage, one point costs $ 1,000.

Learn more about loan discount points here:brainly.com/question/2764956

#SPJ1

6 0
2 years ago
Staples provides their loyal customers with a relevant coupon based on previous purchases through their mobile phone, while they
iragen [17]

Answer:

The correct answer is letter "C": excite.

Explanation:

The 4E framework is an approach to maximize the use of social media for marketing purposes. The 4E implies exciting consumers with offers that may attract them; educating them about the offer; allowing them to experience products; and, engage them with the product. This is achieved with the use of <em>social networking, media-sharing, </em>and <em>thought-sharing sites. </em>

Therefore, <em>"Staples" providing to its consumers coupons based on past purchases through their mobile phones while they are on the store represents the excite component of the 4E framework.</em>

8 0
3 years ago
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