Answer:
The answer is $80,000
Explanation:
The formula for straight-line depreciation is:
[Cost of asset - salvage value(if any)] ÷ useful life of the asset
Depreciation = $4,000
Cost of asset= ? (represented by y)
Useful life of the asset = 20 years
$4,000 = y ÷ 20 years
y is $4,000 x 20 years
y = $80,000
Therefore, the initial cost of the asset was $80,000
Answer:
The amount that you should have saved in your retirement account to receive this income is:
= $727,995.88.
Explanation:
a) Data and Calculations:
Expected lifespan = 24 years
Expected annual income = $75,000
Interest rate per year = 9%
The amount of savings in the retirement account to receive this income is calculated from an online financial calculator as follows:
N (# of periods) 24
I/Y (Interest per year) 9
PMT (Periodic Payment) 75000
FV (Future Value) 0
Results
PV = $727,995.88
Sum of all periodic payments = $1,800,000.00
Total Interest = $1,072,004.12
In marketing, an example of a Sales promotion is a consumer context.
<h3>What is a
Sales promotion?</h3>
This refers to strategy employed by a firm who uses a campaign or offer to increase the consumer;s interest or demand in its product
Because the consumer context involves making relevant offers when the customer is poised to make a purchase, this is an example of Sales promotion.
Therefore, the Option A is correct.
Read more about Sales promotion
<em>brainly.com/question/14772910</em>
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Answer:
The amount that Plunkett should report in ending inventory on December 31 is $156,300
Explanation:
The computation of the ending inventory is shown below:
= Ending inventory balance - FOB destination goods purchased - goods being held on consignment
= $215,500 - $44,100 - $15,100
= $156,300
The other items would not be adjusted because the other items are not included in the ending inventory so they are not being considered in the computation part.