Answer:
$23,520
Explanation:
The computation of book value of the machine is shown below:-
Machine cost $28,000
Less: Depreciation $4,200
($28,000 - $2,800) ÷ 6
Book Value at beginning
of Year 2 $23,800
Add: Improvements $7,000
Total $54,600
Less: Accumulated
Depreciation for 3 years $31,080
($54,600 - $2,800) × 3 ÷ 5 years
Book Value Dec 31, Year 4 $23,520
Answer:
The correct answer is letter "D": agency shop agreement.
Explanation:
Agency shop agreement is a union arrangement that allows employers to hire union and non-union workers without affecting the company's organization. In some cases, workers must join the union to keep the job, while in others, they could decide not to join the union but they must pay a fee to cover the expenses of collective bargaining.
Answer:
$280
Explanation:
Given that Sales = $3,060
Minus: Cost of goods sold = $1,800
Gross Profit = $1,260
Minus: Operating expenses is = $600
Thus Operating profit is = $660
Minus: Interest = $146
Profit before tax = $514
Tax at 40% = $514 * 0.4 = $206
Net income (Income after-tax) = $308
Minus: Preferred stock dividend = $28
Earnings available to common stockholders = $280
Hence, in this situation, the correct answer is $280 per share
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Answer:
15%
Explanation:
Average rate of return = average net income / amount invested
average net income = $15,570,000 / 20 = $778,500
Amount invested = $5,190,000
$778,500 $5,190,000 = 0.15 = 15%
