Hi there
First find the rate of depreciation
100/estimated useful life
100/5years=20%
You should subtract the salvage value from the cost of the van
28000-3000=25000
Second the time from september 1 to
december 31 is 4months
Now find the depreciation expenses
25,000×0.20×(4÷12)
=1,666.67 round your answer to get
1667 is the answer
Good luck!
It is true that factors that can affect prices could include advances in technology, changes in prices of raw materials or new government taxes.
Answer: Option D
Explanation: Strong form efficiency is the most stringent form of market efficiency. This hypothesis states that the securities in the market reflects all the information in their price whether public or private.
Therefore, any investor would not be able to earn abnormal returns no matter how much research he or she has done. As the securities reflects private information also, therefore, insider trading will also be useless.
Hence from the above we can conclude that the correct option is D.
The answer was that you could come grab a bite to eat and eat you have some fun you can go out to the beach with your family or if your family
Answer:
The cash is increased by $115,000 during the month of October.
Explanation:
The computation of net effect of cash is shown below:
= Net income - increased in receivables - decrease in payable + depreciation expense
= $120,000 - $35,000 - $25,000 + $55,000
= $115,000
The increase in receivable should be deducted as the outflow of cash is there, which decrease the cash balance so we deduct it
The decrease in account payable reflect that the company has paid the amount which ultimately reduce the cash balance, hence it is deducted in the computation part
Depreciation expense is added in the cash balance because it is a non cash expense.
Thus, the amount is in positive number which reflects increase in cash
Hence, the cash is increased by $115,000 during the month of October.
