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OleMash [197]
2 years ago
7

Swifty Corporation purchased a machine for $66000 on July 1, 2020. The company intends to depreciate it over 8 years using the d

ouble-declining balance method. Salvage value is $5100. Depreciation for 2020 to the closest dollar is
Business
1 answer:
Lostsunrise [7]2 years ago
3 0

Answer:

Depreciation expense= $7,612.5

Explanation:

Giving the following information:

Purchase price= $66,000

Salvage value= $5,100

Useful life= 8 years

<u>First, we need to determine the depreciation expense for the whole year. We will use the following formula:</u>

<u></u>

Annual depreciation= 2*[(book value)/estimated life (years)]

Annual depreciation= 2*[(66,000 - 5,100) / 8]

Annual depreciation= $15,225

<u>For 2020:</u>

Depreciation expense= (15,225/12)*6= $7,612.5

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If a new restaurant owner determines that she does not have sufficient funds to open a new location, where does this determinati
luda_lava [24]

Answer:

This determination belongs to "W" in SWOT analysis.

Explanation:

SWOT is an analyzing technique of the organizations. It stands for Strength, Weakness, Opportunities, and Threats. Here, strength includes various resources in which the company is doing better whereas weaknesses include the inefficiency of the company. Opportunity refers to various other alternatives for the company and threat includes various possibilities or situations that can harm the company, for example, emerging competition. Therefore, we can say that not having sufficient funds is a part of “W” in the SWOT analysis.

6 0
3 years ago
Your Competitive Intelligence team reports that a wave of product liability lawsuits is likely to cause Digby to pull the produc
anzhelika [568]

Answer:

The total capacity of the market in core products less the Digby's Deft is 10860 thousand units.

Explanation:

In order to completely answer the question, the complete question is found online. This question was missing some table attachments which are attached with it.

From the table, it is first noted that the core products are listed which are as below:

  1. Axe
  2. Bolt
  3. Buzz
  4. Deft
  5. Dim

Now as mentioned in the question, deft is to be ignored so the remaining options are:

  1. Axe
  2. Bolt
  3. Buzz
  4. Dim

Now the capacities of these are included which are found from the table and are as follow:

Axe=2050

Bolt=1040

Buzz=1040

Dim=1300

So the total capacity of 1 shift is

Axe+Bolt+Buzz+Dim=2050+1040+1040+1300=5430 units

As there are two shifts running so the total capacity is 5430x2=10860

So the total capacity of market in core products less the Digby's Deft is 10860 thousand units.

3 0
2 years ago
Diamond Boot Factory normally sells its specialty boots for $35 a pair. An offer to buy 110 boots for $29 per pair was made by a
Marat540 [252]

Answer:

Since there is no loss occur from these sales and rather $15 per pair is profit from the sale of boots. So it should be accepted.

Explanation:

Now the calculation of differential income or loss per pair of boots from selling to the organization,

8 0
3 years ago
What challenges do you see for a company that wants to implement collaborative SCM systems? How would you meet such challenges?
OverLord2011 [107]
This would help you a lot :) have fun

3 0
2 years ago
What are the services that are rendered to the wholesalers by the retailers?​
irinina [24]
Economies of Large Scale 2. Facilitate Distribution of Goods 3. Warehousing and Marketing 4. Financial Assistance 5. Risk Bearer 6. Forecasting of Demand 7. Regulate Production 8. Stabilisation of Prices

9. Connecting Link 10. Transportation 11. Provides Market Information 12. Price Stability 13. Risk Bearing 14. Marketing Functions 15. Promotion of Goods 16. Demand Analysis and Forecasting 17. Help in Sales Organization
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2 years ago
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