1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
creativ13 [48]
4 years ago
8

1. A company entered into the following transactions concerning its computer system: On January 1, 2010 purchased a computer sys

tem that cost $280,000. The estimated useful life of the computer is 3 years and salvage value is $40,000. Calculate the first years depreciation using (1) St. Line and (2) Double Declining Balance.
Business
1 answer:
Basile [38]4 years ago
7 0

Answer:

First year Straight line = (280000-40000/3) =<u>80000 </u>

Double decline = 100/3*2 = 2/3 = 280000*2/3 = <u>$186667</u>

You might be interested in
Problem 2 (9 points) The following information was taken from the income statement and balance sheet of The Perryman Company for
Len [333]

Answer and Explanation:

The computation is shown below;

The net profit margin is

= Net income ÷ sales revenue

= $184,000 ÷ $574,000

= 32%

The asset turnover is

= Sales revenue ÷ average of assets

= $574,000 ÷ ($2,142,000 + $1,998,000)  ÷ 2

= $574,000 ÷ $2,070,000

= 0.28 times

c. The return on assets is

= Net income ÷ average of assets

= $184,000 ÷ $2,070,000

= 0.089

= 8.89%

3 0
3 years ago
A medical group practice is considering offering a new service with risk that is greater than the current risk of the business.
zlopas [31]
Stick to the regular risk and not the new one
4 0
3 years ago
How we can improve saving culture​
balu736 [363]

Answer:

answer

<h2><em><u>Here are six ways you can cultivate a savings culture:</u></em></h2>
  • <em><u>Here are six ways you can cultivate a savings culture:HAVE A BUDGET.</u></em>
  • <em><u>Here are six ways you can cultivate a savings culture:HAVE A BUDGET.CONTRIBUTE MORE TO YOUR RETIREMENT. Stop procrastinating when it comes to retirement planning. ...</u></em>
8 0
2 years ago
5. What is the difference between your assets and your liabilities known as?
miskamm [114]

Answer:

The difference between your assets and your liabilities is known as either your profit or loss.

6 0
2 years ago
Read 2 more answers
Guy​ Ferrell, a student who lives in the country​ Paragon, observes that analysts are cutting their growth forecasts for the eco
Rama09 [41]

The correct answer to this open question is the following.

The statement, if​ true, that would explain the​ analysts' predictions would be "the Producer Price Index has been steadily increasing over the past few months."

That is what would have been the factor that supports the forecast. Although inflation has been constant at low levels, what changed was the Producer Price Index that is moving up. This factor could modify the results despite inflation is stable at this moment. When inflation is high, it directly affects the price of goods and the consumer.

5 0
3 years ago
Other questions:
  • Engineers at a tire manufacturing company investigated the effect of a new rubber compound on the tire life of a certain brand o
    7·1 answer
  • Sameer does not smoke. Every day he walks past a billboard advertising Camel cigarettes. In class, the instructor was talking ab
    11·1 answer
  • During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
    10·1 answer
  • Which of the following is a good basic requirement for a satisfying career? A.It requires a lot of overtime. B.It allows for fre
    6·2 answers
  • Handerson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direc
    14·1 answer
  • Suppose that the Fed has decided to utilize the Taylor rule to implement monetary policy. If the actual federal funds rate targe
    7·1 answer
  • A country has a noninstitutionalized population of 243 million people. out of that number, 38 million are under the age of 16 70
    5·1 answer
  • Exercise 19-13 Variable cost analysis for a special order LO A1 Grand Garden is a luxury hotel with 160 suites. Its regular suit
    14·1 answer
  • For anything to be considered money it must be Group of answer choices either a commodity or a token, as long as it is generally
    5·1 answer
  • XYZ expects to sell 28,000 pools in 2019. It budgets the beginning inventory of Direct Materials, Work-in-process, and Finished
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!