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Dmitriy789 [7]
3 years ago
15

A new scooter costs $2,500. The depreciation rate is 30% per year. What is the value of this scooter after 5 years? Round to the

nearest dollar.
Business
1 answer:
brilliants [131]3 years ago
7 0

Answer:

value of scooter  = $420.175

Explanation:

given data

scooter costs = $2,500

depreciation rate r = 30%

time = 5 year

solution

we get here value of this scooter after 5 years that is express as

value of scooter  = original cost ×  (1-r)^{time}   ...............1

put here value we get

value of scooter  = $2500 ×  (1-0.30)^{5}

value of scooter  = $420.175

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Verdich [7]

Answer:

awww thank you sooo much <3

Explanation:

8 0
3 years ago
Read 2 more answers
You and your friends hike a total of 8 miles to the nearest campsite (Activity A). Upon arriving you break off into teams. One t
IgorLugansk [536]

Answer:

a. The critical path is 16 minutes.

b. The length of time to complete the entire process = 23 minutes.

Explanation:

a) Data and Calculations:

Activity                      Optimistic time   Most Likely Time   Pessimistic Time

                                    to complete         to Complete          to Complete

A Hike to the campsite       3                          5                          8

B Set up campsite               2                          4                          5

C Collect wood for fire        1                          3                          5

D Start a fire                         1                          2                          3

E Find water                        0.5                       1                           3

F Collect water & bring it

back to camp                       1                          2                          4

G Purify the water               1                          2                          4

H Cook and eat dinner       1                          3                          4

I Put out fire                         1                          2                         4

J Dispose of food waste    0.5                      2                          3

K Return from food

 waste disposal                0.25                     1                           2

Total time                         12.25                  27                          45

Critical path: Activity A - Activity B

                     Activity A - Activity C 3 - Activity D 2 - Activity E 1 - Activity F 2

Activity G 2 - Activity H 3 - Activity I and J 2 - Activity K 1

= 3 + 2 + 1 + 2+ 2 + 3 + 2 + 1 = 16 minutes

Length of time to complete the entire process = 27 - 4 = 23

The critical path identifies the longest stretch of dependent activities and measuring the time required to complete them from start to finish.

5 0
3 years ago
Justify the effectiveness of the national credit act ,2005 on businesses
forsale [732]

Answer:

The Act was introduced to: promote a fair and non-discriminatory marketplace for access to consumer credit

Explanation:

The National Credit Act was enacted on the premise that consumers need to be protected from this practice. The Act thus exerts pressure on the credit lenders to assess the consumer's ability to repay, disclose the cost of credit, as well as setting limit on interest that can be charged.

5 0
3 years ago
A note to the financial statements of the First Security Bank indicates that the company self insures itself for the first $500,
trapecia [35]

Answer:

A standard unmodified opinion.

Explanation:

When a note to the financial statements of the First Security Bank indicates that the company self insures itself for the first $500,000 of liability to employees, with liability insurance for the remainder. Based upon this, one would expect the auditors' report to express a standard unmodified opinion.

A standard unmodified opinion is an opinion where financial statements are presented free of any misinterpretation, in all material respects, in accordance with standards known as Generally Accepted Accounting Principles (GAAP) to provide a high level of assurance.

The standard unmodified opinion comprises of report title, audit report address, introduction paragraph, managements responsibility, auditor's responsibility, opinion paragraph, audit report date and signature and address of certified public accountant firm.

5 0
2 years ago
Read 2 more answers
In 2006 Hewlett-Packard repurchased shares of common stock worth $5,241 million and made dividend payments of $894 million. Othe
Hunter-Best [27]

Answer:

B) Decreased $138 million

Explanation:

To determine the effects of long term debt accounts on HP's total cash flow form financing we can use the following formula:

HP's cash flow from financing = new shares issued - shares repurchased - dividend payments + cash flows related to long term debt account + income from other financing activities  

-$6,077 = $0 -$5,241 -$894 + X + $196

-$6,077 = -$5,939 + X

-$138 = X

HP's long term debt accounts decreased by $138

8 0
3 years ago
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