Answer: $7,500
Explanation:
In calculating the Incremental income we will add the amount of variable Manufacturing costs Rory Company will save as well as the income they will get from selling the old machine and then subtract the cost price of the new machine.
Starting off we will calculate the amount of savings they will make by using the new machine,
= $12,000 x 5 years
= $60,000
Calculating the Incremental income therefore we have,
= 60,000 + 60,000(from selling old machine) - 112,500 (cost of new machine)
= $7,500
The incremental income of buying the new machine is $7,500.
If you need any clarification do comment.
Answer:
A price floor set above the equilibrium price will result in a surplus of supply.
Explanation.
An equilibrium price refers to the price at which demand for a service or product is equivalent to the quantity of the product or service supplied in the market.
Setting a price floor above the equilibrium price essentially means that the set prices will be higher than what demand is willing to pay for the product or service. Demand will therefore purchase fewer quantity of the product offered by supply at the prevailing price than they would have at equilibrium price.
Since the price floor will raise the product price to considerably higher than the equilibrium price, supply will be willing to provide higher volumes of the product at the prevailing price than at equilibrium price.
This will lead to a mismatch in the market between supply and demand resulting into a surplus.
Based on the question above, the correct answer goes thus:
<h3>Chart</h3>
- A chart is a graphical representation for data visualization, in which the data is represented by symbols, such as bars in a bar chart, lines in a line chart, or slices in a pie chart.
- It can show tabular numeric data, functions or some kinds of quality structure and provides different information.
In conclusion,we can conclude that a chart can show, Comparison, Distribution, Composition and Relationship.
Learn more about Chart here: brainly.com/question/14323743
Answer:
$28,800
Explanation:
Data provided in the question:
The asset is depreciable under the 5 year MACRS category
Depreciation percentages for all six years are:
0.20, 0.32, 0.192, 0.115, 0.115, 0.058
Worth of the asset = $150,000
Now,
Depreciation to be claimed in the year 3 will be
= Worth of the asset × Depreciation percentages for the year 3
here, from the given percentages of the depreciation
the Depreciation percentages for the year 3 is 0.192
= $150,000 × 0.192
= $28,800
