Answer:
D. $1,611
Explanation:
Depreciation is an expense indicating a decline in the value of the capital assets due to tear and wear, obsolescence, usage, time span, etc. It's displayed on the income statement debit side. It is a non-cash item which has no impact on the cash balance.
So in the given case, the non cash expense is known as depreciation expense
Answer:
$33,684 units
Explanation:
Calculation to determine the EBIT break-even point for the number of games sold in this case
Using this formula
Units sold=(Selling, general, and administrative expenses+Depreciation)/(Price per game-Units cost)
Let plug in the formula
Units sold=($1,000,000+$280,000)/($48-$10)
Units sold = $1,280,000 / $38
Units sold= $33,684 units
Therefore the EBIT break-even point for the number of games sold in this case will be $33,684 units
That statement is true
A corporate Bond is way more senstive to the condition of the market which will affect the volatility of its value. Since government could technically produce their money from the federal reserve, the municipal bond is technically will always be paid (by risking inflation)
Answer:
The correct answer is $0.10 per hour
Explanation:
According to the scenario, the calculation of the depreciation rate per hour using the units-of-production method is as follows
= (Purchase cost - estimated residual value) ÷ (estimated hours of operation)
= ($12,000 - $2,000) ÷ (100,000 hours)
= ($10,000) ÷ (100,000 hours)
= $0.10
hence, the depreciation rate per hour for the equipment is $0.10
Answer:
d. $1,650
Explanation:
The unreimbursed business expense are cash expenditures make by the employee which related to their job and aren't payback from the business
Charles unreimbursed expenses:
Entertainment $ 1,100
Transportation $ 700
Education $ 400
The IRS only allows for meals and entertainment a person a deduction up to 50%:
1,100 x 50% = 550
This make the total amount deductible for: 700 + 400 + 550 = 1,650