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Archy [21]
3 years ago
15

After the civil war, what became the major form of business organization because of its ability to raise money through the sale

of shares of stock?
Business
1 answer:
Illusion [34]3 years ago
7 0
After the civil war, CORPORATION became the major form of business organization because of its ability to raise money through the sale of shares of stock. A corporation is a type of business that is owned by stockholders who share its profits but are not personally responsible for its debts.
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On January 1, 2012, Knapp Corporation acquired machinery at a cost of $750,000. Knapp adopted the double-declining balance metho
Kobotan [32]

Answer:

B .) $54,857

Explanation:

Depreciation rate using double reducing balance method is calculated as 10% divided by the number of years of useful life; this is then multiplied by 2. The depreciation is then calculated as the depreciation rate X  Net Book Value of the asset

The depreciation rate for the first year = 100%/10 * 2 = 20%

2012

The depreciation expense = 20% X $750,000 = $150,000

The net book value at the end of the year = $750,000 - $ 150,000 = $600,000

2013

The depreciation expense = 20% X $600,000 = $120,000

The net book value at the end of the year = $600,000 - $ 120,000 = $480,000

2014

The depreciation expense = 20% X $480,000 = $96,000

The net book value at the end of the year = $480,000 - $ 96,000 = $384,000

2015

At the beginning of 2015, the method was changed to straight line method. In line with the International Standards of Accounting on change in accounting estimates (ISA 8), this change would be applied progressively i.e the remaining net book value would be divided over the remaining no of useful life to arrive at the year depreciation

As at the beginning of 2015, 3 years have passed. The remaining  no of useful life is 7 years and the NBV is $384,000 as seen in the computation of NBV at the end of 2014

Depreciation = $384,000/7 = $54,857

4 0
3 years ago
2. What is dy/dx if y=6x'/12+0.4x<br>​
Sveta_85 [38]
I’m sorry I don’t know the answe
3 0
3 years ago
last year, cayman corporation had sales of $26 million, total variable costs of $15 million, and total fixed costs of $5,000,000
Fofino [41]

Answer:

Cayman Corporation

The increase in operating income is 27.5% (or $1.65 million).

Explanation:

a) Data and Calculations:

Sales last year =       $26 million

Total variable costs     15 million

Contribution margin  $11 million

Fixed costs                   5 million

Operating income     $6 million

Bondholders' interest 4 million

Income before tax    $2 million

Income taxes (21%)    0.42 million

Net income              $1.58 million

                                    Last Year   Increase by 15%

Sales revenue =       $26 million     $29.9 million

Total variable costs     15 million        17.25 million

Contribution margin  $11 million     $12.65 million

Fixed costs                   5 million         5.0 million

Operating income     $6 million       $7.65 million    $1.65 m or 0.275

Bondholders' interest 4 million         4.0 million

Income before tax    $2 million         3.65 million

Income taxes (21%)    0.42 million    0.7665 million

Net income              $1.58 million     2.8835 million = 82.5%

6 0
3 years ago
How much goodwill did usa advertising purchase as part of the acquisition of thrifty nickel?
Angelina_Jolie [31]
What are you trying to say?
8 0
1 year ago
Reputable credit counseling companies are almost always financed by which of the following? A. Bernie Madoff B. A large bank wit
Y_Kistochka [10]

Reputable credit counseling companies are almost always financed by Third Party. Option C is the answer

<h3>What do Credit counseling companies do?</h3>

Credit counselors provide individual with counsel especially people who wants to borrow money and how it can be effectively managed.

They provide services to consumers on how they can have effective Budget.

Third Party such as institutions, cooperative society, NGO have credit counselling companies.

Therefore, Reputable credit counseling companies are almost always financed by Third Party

Learn more on credit counseling below

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8 0
2 years ago
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