Answer:
$1,300 and $3,900
Explanation:
The computation of the depreciation expense for the year 2021 and 2022 using the straight line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($45,000 - $6,000) ÷ (10 years)
= ($39,000) ÷ (10 years)
= $3,900
In this method, the depreciation is same for all the remaining useful life
For the year 2021, it is
= $3,900 × 4 months ÷ 12 months
= $1,300
The four months are taken from Sep 1 to Dec 31
And, for the year 2022, it is $3,900
Answer:
The correct answer to the following question is option B) the salary of the corporation president.
Explanation:
In the given question , all the options except option (B) , would be assigned to a particular product , while segmenting on a income statement. A product advertising cost which a company incurred while promoting the product, the direct material cost which a company while in the production of project and a production managers salary would also be included in the product cost. A corporations president who is in the higher level of management in the company, is responsible for making decisions regarding company's vision , strategy development , public relations etc , his or her salary would not be included in product cost.
Answer:
B) Jeremy is facing a moral, legal, and ethical decision.
Explanation:
Jeremy knows that what he is doing is not legal, since the legal limit for exhaust system noise is 95 decibels and he will alter the cars muffler so that it reaches 125. Besides that, he faces moral and ethical dilemmas because his business is not doing well and his son has just been diagnosed with cancer and he needs money and a lot of it.
Answer:
I don't know what is meaning
Explanation:
sry
Answer: increase by $80 million, and the maximum money-lending potential of the commercial banking system will increase by $400 million
Explanation:
Based on the information given in the question, the money multiplier will be calculated thus:
Money multiplier = 1/Required reserve ratio
where,
Required reserve ratio = 20%
Money Multiplier will now be:
= 1/0.20
= 5
Therefore, the maximum money-lending potential will be:
= $80 million × 5
= $400 million
Therefore, the money supply will by $80 million, and the maximum money-lending potential of the commercial banking system will increase by $400 million
