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Damm [24]
3 years ago
6

On January 1, the Matthews Band pays $67,600 for sound equipment. The band estimates it will use this equipment for four years a

nd perform 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During the first year, the band performs 45 concerts. Compute the first-year depreciation using the units-of-production method.
Business
1 answer:
meriva3 years ago
8 0

Answer: $14,985

Explanation:

Using the Units-of-Production method means that the asset is depreciated based on how many times it is used.

The formula is;

= ( Cost - Salvage Value)/Total Usage

= (67,600 - 1,000) / 200

= $333 per concert

Equipment depreciates by $333 per concert.

First year has 45 concerts;

= 333 * 45

= $14,985

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All of the following are ways through which affirmative action can arise at the workplace except Multiple Choice legal requireme
olga nikolaevna [1]

All of the options are correct .

Affirmative actions are those that help persons who have faced discrimination because of their race, religion, or social status. This century-long disadvantage has caused certain groups, such as African Americans, to suffer in society. Affirmative action ensures that these underserved groups receive priority and preference in education, jobs, accommodation, and medical care.

Some argue that affirmative action focuses too heavily on minorities, and these efforts disproportionately hurt the poor. Rather than focusing on minority groups, the government may consider the economic strength of the individual or family and offer assistance appropriately.

Therefore, all the options are correct.

To know more affirmative actions click here:

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6 0
2 years ago
Sharon is unhappy with her job as a salesperson at a retail store for many reasons. Yesterday a customer asked her where the sha
Westkost [7]

This is an example of how job satisfaction can affect <u>"customer satisfaction ".</u>


Customer satisfaction is an estimation used to measure how much a client is content with an item, administration, or experience.  

It is a proportion of how items and administrations provided by an organization meet or outperform client desire. Customer satisfaction is characterized as "the quantity of clients, or level of aggregate clients, whose revealed involvement with a firm, its items, or its administrations surpasses indicated fulfillment goals."

3 0
3 years ago
ou are considering a project with cash flows of $16,500, $25,700, and $18,000 at the end of each year for the next three years,
aleksandr82 [10.1K]

Answer:

Total PV= $50,032

Explanation:

Giving the following information:

$16,500, $25,700, and $18,000

Cf1= $16,500

Cf2= $25,700

Cf3= $18,000

Discount rate= 9.7%

<u>To calculate the present value, we need to use the following formula:</u>

PV= FV/(1+i)^n

Cf1= 16,500/(1.097)= 15,041

Cf2= 25,700/1.097^2= 21,356

Cf3= 18,000/1.097^3= 13,635

Total PV= $50,032

5 0
3 years ago
a. is borrowed money invested in start-up businesses and provided by the Small Business Administration b. includes all the money
kolezko [41]

Complete Question:

Venture capital:

Answer:

c. is financing obtained from investment firms that specialize in financing small, high-growth companies.

Explanation:

Venture capital can be defined as a form of financing through which an investor provide capital for small, early-stage and high-growth companies in exchange for an equity stake or partial ownership of the company.

This ultimately implies that, venture capital is a type of financing obtained from investment firms that mainly specialize in providing finance for small, high-growth companies. Also, these small, high-growth companies or businesses are typically owned by individuals or a small group of people.

<em>In conclusion, venture capital involves making capital investment in a small business with high growth potential in exchange for partial ownership or an equity stake in the business.</em>

8 0
3 years ago
Lionheart Trucking recently purchased a new truck costing $178,000. The firm financed this purchase at 6.6 percent interest with
kolbaska11 [484]

Answer:

The years of repayment is 7.96 years

Explanation:

The number of years of the loan repayment can be computed using  nper formula in excel.

=nper(rate,-pmt,pv,fv)

rate is the monthly interest rate which is 6.6%/12=0.0055

pmt is the amount of monthly repayment which is $2,400

pv is the amount of the finance package received which is $178,000

fv is the total amount of repayment which is unknown hence taken as zero

=nper(0.0055 ,-2400,178000,0)= 95.55   months

= 95.55 /12 months=7.96 years

8 0
3 years ago
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