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Mkey [24]
3 years ago
11

From 1960 until 2012, the long-run average rate of inflation in the united states was

Business
1 answer:
o-na [289]3 years ago
6 0
The average is about 3 percent I got to say thats good
You might be interested in
Waterway Corporation purchased a new machine for its assembly process on August 1, 2020. The cost of this machine was $162,900.
satela [25.4K]

Answer:

(a) Straight Line Depreciation for 2020 $  28,800

(b) Activity Method of Depreciation for 2020 $ 5,616

(c) Sum of the years Depreciation for 2021 $ 38,400

(d) Double declining balance depreciation for 2021 $ 39,096

Explanation:

Computation for requirement (a) - Straight Line Depreciation for 2020

Straight line method considers depreciation on adepreciable base after considering a salvage value and spreads it evenly over the life of the asset.

Cost of machine                                     $ 162,900

Estimated Salvage Value                       <u>$   18.900</u>

Depreciable Basis                                   $ 144,000

Estimated Life                                             5 years

Straight Line Depreciation for 2020 = $ 144,000/5 = $ 28,800      

Computation for requirement (b) - Activity Method  Depreciation for 2020

Activity method depreciation considers depreciation over the estimated usage of the asset and multiplies by the usage in a given period. The depreciable basis is after considering the salvage value.

Depreciable basis - same as SL depreciation                       $ 144,000

Usage Life of the machine                                                         20,000 hours

Machine usage for 2020                                                                  780 hours

Depreciation on a per hour basis      $ 144,000/ 20,000 = $ 7.2 per hour

Depreciation for 2020 on a usage of 780 hours = 780 * $7.20 = $ 5,616      

Computation for requirement (c) - Sum of the years digits for 2021    

In a sum of the years depreciation method, the sum of the life of the assets are added and considered as a depreciable life. The salvage value is considered in determining the depreciable basis.

Depreciable basis - same as SL depreciation                       $ 144,000            

Estimated life of the asset                                                      5 years

Sum of the years, (5+4+3+2+1)                                                  15

so the first year depreciation shall be 5/15, the next year 4/15 and so on,

We need to compute the depreciation for 2021 which is the second year, so the formula shall be:

4/15 (remaining useful life) * $ 144,000(depreciable basis) = $ 38,400

Computation for requirement (d) - Double declining balance  for 2021

In a double declining balance method the depreciation rate (%) is double that of a straight line method. The subsequent years depreciation is on a reduced balance. No salvage value is considered

The first year's depreciation is calculated

Cost of Machine* (2 * Straight Line depreciation %)

$ 162,900* (2 * 20 %) so the depreciation for 2020 would be

$ 162,900 * 40 % = $ 65,160.

For 2021, which is the requirement in our question, the cost would be the reduced value.

Original Cost of the machine                                    $ 162,900

Double Declining balance Depreciation  2020       <u>$  65,160</u>

Declining Cost basis for 2021 depreciation             <u>$   97,740</u>  

Depreciation @ 40 %                                                 $  39,096                                                    

6 0
3 years ago
For each of the following statements, draw a diagram that illustrates the likely effect on the market for eggs. Indicate in each
zlopas [31]

Answer:

Please find the diagrams in the attached images

Explanation:

A) If a surgeon warns that high-cholesterol foods cause heart attacks, the demand for eggs would fall because eggs are high in cholesterol. The fall in demand would shift the demand curve to the left , price and quantity would fall.

B. Complementary goods are goods consumed together. If the price of a complementary good falls, the demand for the other good increases. If the price of bacon falls, the demand for eggs would increase. The demand curve would shift to the right, the price and quantity would increase.

C. If the price of chicken feed increases, the cost of producing eggs increases and the quantity supplied falls. The supply curve shifts to the left, prices rise and quantity falls.

D. If Caesar salad becomes more trendy, the demand for eggs increases. The demand curve shifts to the right, price and quantity increases.

E. Technological innovation would increase the quantity supplied. The supply curve would shift to the right, price falls and quantity increases.

I hope my answer helps you

3 0
2 years ago
Prepare journal entries to record each of the following four separate issuances of stock. A corporation issued 7,000 shares of $
marysya [2.9K]

Answer:

The Journal entries are as follows:

(i) cash  A/c           Dr. $84,000

To Common stock, $10 par value      $70,000

To Paid-in capital in excess of par value, Common stock   $14,000

(To record the  issuance of stock)

(ii) Organization expenses  A/c           Dr. $55,000

To Common stock, $2 stated value                                    $7,000

To Paid-in capital in excess of stated value, Common stock   $48,000

(To record the  issuance of stock)

(iii) Organization expenses A/c    Dr. $55,000

To Common stock, no-par value                       $55,000

(To record the  issuance of stock)

(iv) Cash A/c                    Dr. $142,500

To Preferred stock, $50 par value[1,750 × $50)                  $87,500

To Paid-in capital in excess of par value, preferred stock  $55,000

(To record the  issuance of stock)

3 0
3 years ago
Fill in the blanks in the table. Assume that the going wage for these workers is $500 per
Alex17521 [72]

A total of 3 worker will be hired for the ranch if the going wage for these workers is $500 per week.

<h3>What is a marginal labor?</h3>

This refers to a firm increase in total production because of one additional unit of labor that is added while all other factors of production remain constant.

Given the information in the attached table, a total of 3 worker will be hired for the ranch if the going wage for these workers is $500 per week.

Read more about marginal labor

<em>brainly.com/question/13617399</em>

#SPJ1

6 0
2 years ago
A cash equivalent is a short-term, highly liquid investment that is readily convertible into known amounts of cash and A. bears
Katarina [22]

Answer:

B. is so near its maturity that it presents insignificant risk of changes in interest rates

Explanation:

please see attachment

7 0
2 years ago
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