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
Blizzard [7]
3 years ago
8

On january 2, 2017, the matthews band acquires sound equipment for concert performances at a cost of $65,800. the band estimates

it will use this equipment for four years, during which time it anticipates performing about 200 concerts. it estimates that after four years it can sell the equipment for $2,000. during year 2017, the band performs 45 concerts.
Business
2 answers:
ikadub [295]3 years ago
7 0

Answer:

start working on 2019 not 2017 ok

Explanation:

maria [59]3 years ago
3 0

Answer:

This question is incomplete. The completed question is as follows:

On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of $65,800. The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $2,000. During year 2017, the band performs 45 concerts.

Compute the year 2017 depreciation using the units-of-production method.

The answer is: $14, 355

Explanation:

Depreciation is the loss in an asset's value over its useful life. The units of production method of depreciation makes an assumption that the asset's useful life is related to the usage of the asset rather than the passing of time. The higher the volume of usage the higher the depreciation. Under the units of production method of depreciation, depreciation is calculated as follows:

Depreciation expense = ((Original cost - Salvage value)/ Estimated production capability) * Units consumed per year

Given the above formula, depreciation for the sound equipment purchased by the Matthews band for 2017 is:

(($65, 800 - $2000 )/ 200 concerts) * 45 concerts

=$63, 800/200 concerts * 45 concerts

=$319/concert * 45 concerts

=$ 14, 355

You might be interested in
Spontaneous financing refers
nadezda [96]

Answer: In business, "spontaneous finance" refers to financing that arises out of regular, day-to-day operations. Unlike with other common sources of financing, such as loans or bonds, obtaining additional spontaneous financing doesn't require any special action by the company; it just "happens," hence the name spontaneous.

6 0
2 years ago
What is your assessment of the Under Armour’s performance downturn in North America that first appeared in the fourth quarter of
nikklg [1K]

Answer: The answer is given below

Explanation:

My assessment of the Under Armour’s performance downturn in North America that first appeared in the fourth quarter of 2016 was that Under Armour’s 2016 downturn was caused as a result of the reduction in the sale and earnings outlook.

Also, the weakened demand that occurred in North America had a negative effect on demand and resulted in the company dropping from 25.7% in the first quarter, to 21.5% in the second quarter and about 15.6% in the third quarter.

4 0
3 years ago
In the United States, about $5,200 per person per year is spent on health care, while in Britain the amount is about half that.
riadik2000 [5.3K]

Answer:

The answer is: C) The money spent on health care in the United States is not being used effectively.

Explanation:

American citizens spend twice as much as British citizens on health care per year. Even if certain diseases are more common in the US than in Britain, the overall cost of health care is too expensive in the US (100% difference) to be explained by a greater prevalence of just one or two diseases.

The only possible explanation is that the American health care system is not as efficient as the British health care system, therefore health care is more expensive.

4 0
3 years ago
GRUBHUB PERKS GIVE YOU DEALS ON THE FOOD YOU LOVE
Klio2033 [76]
ARNT YOU KOOOOOOL!we live to hear itttt
3 0
3 years ago
Read 2 more answers
JackITs has 5.0 million shares of common stock outstanding, 1.0 million shares of preferred stock outstanding, and 20.00 thousan
Leya [2.2K]

Answer:

80.88; 7.80; 11.32

Explanation:

Common Stock:

Value = Number × Price

          = 5,000,000 × $28

          = $140,000,000

Preferred Stock:

Value = Number × Price

          = 1,000,000 × $13.50

          = $13,500,000

Bonds:

Value = Number × Price

          = 20,000 × $980

          = $19,600,000

Total value = $140,000,000+ $13,500,000 + $19,600,000

                   = 173,100,000

Weight of common stock = Respective Value ÷ Total Value

                                          = $140,000,000 ÷ 173,100,000

                                          = 80.88

Weight of preferred stock = Respective Value ÷ Total Value

                                          = $13,500,000 ÷ 173,100,000

                                          = 7.80

Weight of Bonds = Respective Value ÷ Total Value

                            = $19,600,000 ÷ 173,100,000

                            = 11.32

7 0
3 years ago
Other questions:
  • . Which business practice did Rockefeller repeatedly use that helped him succeed in building his oil monopoly?
    13·2 answers
  • The equivalent units in beginning work in process inventory plus the equivalent units in ending work in process inventory equals
    11·1 answer
  • The process of choosing an option after evaluating the available information and weighing the costs and benefits of the alternat
    12·1 answer
  • The Tragedy of the Commons Select one: a. occurs when social incentives are in line with private incentives. b. is only applicab
    8·1 answer
  • Under what circumstance might a certification authority (CA) revoke a certificate?
    14·1 answer
  • A company acquires a rather large investment in another corporation. What criteria determine whether the investor should apply t
    9·1 answer
  • The purpose of reporting Current Maturities of Long-Term debt is to: a. report any portion of a long-term borrowing that is to b
    7·1 answer
  • Identify whether each statement describes the market period, the short run, or the long run.A.Output and the number of firms are
    7·1 answer
  • Sailmaster makes high-performance sails for competitive windsurfers. Below is information about the inputs and outputs for one m
    10·1 answer
  • Capital budgeting is the process of planning and controlling investments in assets that are expected to produce cash flows for o
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!