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sergejj [24]
3 years ago
10

Why is the study of finance important?​

Business
1 answer:
Nastasia [14]3 years ago
7 0

Answer:

Studying finance can prepare you not only for careers in the financial services sector, but also for tasks in your everyday life. ... And because finance revolves around planning and analysis, studying finance and becoming more financially literate enables people to make better personal financial decisions.

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Plummer Industries purchased a machine for $43,800 and is depreciating it with the straight-line method over a life of 8 years,
tensa zangetsu [6.8K]

Answer:

$2,580

Explanation:

Depreciation = (Cost - Residual Value)/ Useful life

Yearly depreciation = ($43-800 - $3000)/8 = $5100

At the end of Year 5, total depreciation would be = $5100 X 5 = $25,500

Net book value at the end of year 5 = $43,800 - $25,500 = $18,300

Year 6, the extra ordinary repair that extended the useful life would be capitalized. Book value = $18,300 + $7,500 = $25,800

As 5 years have been expended, the remaining useful life would be 15-5 = 10 years

Depreciation expense year 6 = $25,800/10 = $2,580

7 0
3 years ago
On monday, foster deposits in his account at guaranty bank a local check for $500. after 5:00 p.m. on friday, from these funds,
zhenek [66]

You can withdraw $ 200 the very next business day and rest of the remaining  $ 300 on the second business day from the date of deposition of the check. On friday foster can withdraw the whole of the amount no more than deposited on monday that is $500.

Generally, if you deposit check for 200$ to a bank one can access the full amount the very next business day, whereas if the amount exceeds more than $ 200 you can partially withdraw it from the account and rest on the second business day.

To learn more about withdraw here,

brainly.com/question/11387281

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5 0
2 years ago
A store has 5 years remaining on its lease in a mall. Rent is $2,000 per month, 60 payments remain, and the next payment is due
Tcecarenko [31]

Answer:

Explanation:

Uhh

5 0
3 years ago
Read 2 more answers
A determination of whether consideration exists depends on a comparison of the values of the things exchanged.
Ann [662]
I think the answer would be true :)
4 0
3 years ago
Michael Mirer worked for Dawson Company for six months this year and earned $11,200. The other six months he earned $6,900 worki
hichkok12 [17]

Answer:

(a)Dawson Company $42.00

(b)McBride Company $41.40

Explanation:

The amount of FUTA taxes to be paid on Mirer's wages by the two companies are:

(a)Dawson Company $42.00

(7000*0.6%) = $42.00

(b)McBride Company $41.40

(6900*0.6%) =$41.40

7 0
3 years ago
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