Answer:
$14,250
Explanation:
Annual depreciation = (Cost - Salvage value) / Useful Life
Annual depreciation = ($60,000 - $3,000) / 8
Annual depreciation = $57,000 / 8
Annual depreciation = $7,125
Accumulated dep. at December 31, 2022 = $7,125 * 2
Accumulated dep. at December 31, 2022 = $14,250
So, the balance in accumulated depreciation using the straight-line method at December 31, 2022 is $14,250.
Answer:
certificate of deposit
Explanation:
A certificate of deposit (CD) is a financial instrument sold by banks
The bank gives this CD to Gwen. She cannot withdraw the cash until July 1, 2023
The certificate of deposit are risk-free investment. The difference with savings account is that a certificate of deposit has a fixed term and fixed interest rate and it is create with the idea of holding the title until maturity. Not doing so, may inccur in penalties so a portion of the interest will be negate.
As this is a financial instrument, the bank issued a title to the investor to recognize his investment.
Answer:
ok I can help but will is the question.◉‿◉
Answer:
The bond that should pay the highest interest rate is:
d. a bond issued by a new restaurant chain.
Explanation:
This is based on the fact that the new restaurant chain is untested, has higher risk profile and the bondholders are assuming higher risks, and the bond cannot be compared to the bonds issued by the US government, New York State, and General Motors, in that order. The new restaurant chain will be offering a higher rate of return than others because it is new to the bond market and would like to attract potential bond investors. Without the higher rate, therefore, it will not be successful in the bond issuance.
The Arrive Alive campaign was launched to prevent road accidents or at least lessen the instances of accidents due to drunk driving and reckless driving.
The advantages of this campaign are:
1. It promotes awareness among drivers to drive safely.
2. It educates drivers on the rules and safe acts when on the road.
The disadvantages of this campaign are:
1. It does not completely eliminate the risk of accidents due to drunk and reckless driving. It merely 'educates' the drivers about safe acts.
2. It still allows the drivers to drink and drive but at 'allowable alcohol level' which does not help at all.
In the end, the Arrive Alive campaign failed.