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Mumz [18]
3 years ago
5

QS 8-3 Straight-line depreciation LO P1 On January 2, 2017, the Matthews Band acquires sound equipment for concert performances

at a cost of $69,200. 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 $1,000. During year 2017, the band performs 45 concerts. Compute the year 2017 depreciation using the straight-line method.
Business
1 answer:
Leni [432]3 years ago
5 0

Answer:

Annual depreciation= 17,050

Explanation:

Giving the following information:

Purchase price= 69,200

Useful life= 4

Salvage value= 1,000

To calculate the depreciation expense under the straight-line method, we need to use the following formula:

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

Annual depreciation= (69,200 - 1,000)/4

Annual depreciation= 17,050

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Ray Of Light [21]

The given case involves c. both a state and a federal discrimination claim.

<h3>What is a Discrimination Claim?</h3>

This refers to the allegations that are leveled by an employee against his employer about job discrimination based on factors such as immigration status, national origin, etc.

Hence, we can see that in a discrimination claim, if the laws are the same, then a judge can make a decision and apply it to both federal and state claims.

With this in mind, we can see that because Rapunzel who lives in Massachusetts files a discrimination claim against her employer, this is both a federal and state claim because it happened in Massachusetts and she had exhausted her administrative remedies.

This leads to the consideration of the courts to file her claim as this can be arrived at based on the question of A. whether the case can be tried in federal court and which courts have personal jurisdiction over Rapunzel.

Read more about discrimination claims here:

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4 0
2 years ago
True or false? mama's pies wants to add another store to sell its pastries. it costs $400,000 to build the new store and the new
DerKrebs [107]
I feel like this is a trick question because it would not be that simple of a decision but if those were the only two things to consider then I guess it would be true. But in real life you would have to worry about employment costs, advertisement of the new store, who will manage each store when you are at the other store, etc. There would be so many more things going into that decision than just 450,000-400,000=50,000. But I would go with true.

Hope that helps.
4 0
4 years ago
15. Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the start of the ye
Aliun [14]

Answer:

12.09%.

Explanation:

Calculation to determine the rate of return on the fund

First step is to calculate the beginning year NAV

Beginning year NAV = ($400 million assets - 50 million debt) / 15 million shares

Beginning year NAV = 23.33

Second step is to calculate the ending year NAV

Ending year NAV = ($500 million assets - (500*0.75% expense) - 40 million debt] / 18 million shares

Ending year NAV =[456.25/18 million shares]

Ending year NAV =25.35

Now let calculate the return using this formula

Return = (Ending NAV -beginning NAV + Capital gain + income) / Beginning NAV)

Let plug in the formula

Return = (25.35-23.33+0.30+0.50)/23.33

Return = 12.09%

Therefore the rate of return on the fund is 12.09%

6 0
3 years ago
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andreev551 [17]

Answer: Measurement and presentation of financial performance

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The measurement function is performed by following accounting procedures and policies under US GAAP and IFRS.

Whereas, presentation function relates to preparation of financial statements like income statement and cash flow statement.

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