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Serjik [45]
4 years ago
5

Cutter Enterprises purchased equipment for $72,000 on January 1, 2010. The equipment is expected to have a five-year life, with

a residual value of $6,000 at the end of five years. Using the straight-line method, depreciation expense for 2010 would be:
Business
1 answer:
Elodia [21]4 years ago
3 0

Answer:

Annual depreciation= $13,200

Explanation:

Giving the following information:

Cutter Enterprises purchased equipment for $72,000 on January 1, 2010. The residual value of $6,000 at the end of five years.

Under the straight-line method, the annual depreciation is constant trough the entire useful life. We need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (72,000 - 6,000)/5= $13,200

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Primary literature is where new research or theories are first revealed, and includes journals and conferences.

Secondary literature provides a more digested overview of a subject e.g. books.

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8 0
3 years ago
In 3–5 sentences, describe how you would create a graph.
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Answer:

Line graphs are used to track changes over short and long periods of time. When smaller changes exist, line graphs are better to use than bar graphs. Line graphs can also be used to compare changes over the same period of time for more than one group.

Explanation:

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Answer:

6   515

Explanation:

7 0
4 years ago
Read 2 more answers
If a monopolist in an industry characterized by monopoly features is making economic profit in the short run, which of the follo
zheka24 [161]

Answer: The monopolist will be able to sustain economic profits

Explanation:

If a monopolist in an industry characterized by monopoly features is making economic profit in the short run, then the monopolist will be able to sustain economic profits.

The economic profit is gotten when the explicit cost and the opportunity costs are both deducted from the revenues generated by a business.

Since there is high barrier to entry and the monopoly is the only firm in the market, then the monopolist will be able to sustain economic profits.

4 0
3 years ago
You plan to visit Geneva, Switzerland in three months to attend an international business conference. You expect to incur the to
Serggg [28]

Answer:

A. 3403.75 dollars

B. 3150

C. 0.579

D. Is an attachment

Explanation:

A. We first find the premium cost

= 0.05x5000 x 1+0.06/4

= 250x1.015

= 253.75

From here we find expected dollar cost

= Exchange rate x units + premium

= 0.63x5000+253.75

= 3,403.75 dollars

B. Forward rate = 0.63

Total cost of dollar

= 0.63x5000

= 3150

C. The investor would be indifferent at 0.579

Forward rate = unit * future + premium

3150 = 5000 * future + 253.75

3150-253.75 = 5000*future

We solve and divide through by 5000

Future = 0.579

D is in the attachment

4 0
3 years ago
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