1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tanya [424]
3 years ago
12

In 2019, RayeAnn acquires a car for $14,000. She uses the car in her advertising business and for personal purposes. Her records

indicate the car is used 70% for business and that her total annual operating expenses, including depreciation, are $3,800.
Business
1 answer:
kirill [66]3 years ago
5 0

Answer:

Deductible depreciation = $2,660

Explanation:

Given:

Amount of car = $14,000

Personal use = 30%

Business use = 70%

Total depreciation = $3,800

Deductible depreciation = ?

Computation of Deductible depreciation:

Deductible depreciation = Total depreciation × Business use percentage

Deductible depreciation = $3,800 × 70%

Deductible depreciation = $2,660

You might be interested in
You plan to analyze the value of a potential investment by calculating the sum of the present values of its expected cash flows.
Firlakuza [10]

Answer:

A.- DECREASE

B.- DECREASE

C.- INCREASE

D.- INCREASE

E.- INCREASE

Explanation:

a. The discount rate increases

DECREASE the discoutn factors will be higher therefore, the present values lower.

b. The cash flows are in the form of a deferred annuity, and the total to $100,000. You learn that the annuity lasts for 10 years rather than 5 years, hence that each payment is for $10,000 rather than for $20,000

DECREASE Because the cashflow is generate on a longer period there is more exposure to discount rates.

c. The discount rate decreases

INCREASE The discount factor are lower. This situation is the opposite as (a)

d. The riskiness of the investment's cash flows <u>decreases</u>

INCREASE a lower risk derivates in lower cost of capital thus, lower iscount rates. This increase the present value of the cashflow.

e. The total amount of cash flows remains the same, but more of the cash flows are received in the earlier years and less are received in the later years.

INCREASE as most of the future cash flows are at the beginning they have less exposure to time value of money.

4 0
3 years ago
At the beginning of january of the current year, little mikey's catering ledger reflected a normal balance of $52,000 for accoun
ira [324]
<span>The accounts receivable balance should be $44,700 which is calculated by starting with the current balance of $52,000, subtracting the $14,800 in collections (which lowers the balance), adding the $12,500 of additional debt (which raises the balance), then finally subtracting $5,000 for the money collected on a future debt.</span>
4 0
3 years ago
Suppose the price of apples goes up from $20 to $22 a box. In direct response, Goldsboro Farms supplies 1,200 boxes of apples in
OLga [1]

Answer:

A

Explanation:

Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price. It is computed as the percentage change in quantity demanded—or supplied—divided by the percentage change in price.

Elasticity can be described as elastic—or very responsive—unit elastic, or inelastic—not very responsive.

Elastic demand or supply curves indicate that the quantity demanded or supplied responds to price changes in a greater than proportional manner.

An inelastic demand or supply curve is one where a given percentage change in price will cause a smaller percentage change in quantity demanded or supplied.

Unitary elasticity means that a given percentage change in price leads to an equal percentage change in quantity demanded or supplied.

8 0
3 years ago
On February 22, Brett Corporation acquired 250 shares of its $3 par value common stock for $26 each. On March 15, the company re
Alex

Answer: Credit Additional Paid in Capital $198

Explanation:

Brett Corporation reissued the Treasury Stock at $29 which was $3 higher than the amount they had repurchased it for.

When stock is sold for a price higher or lower than they are worth, the balance goes to the Additional Paid-in Capital account. If it is sold higher, the balance is Credited to the Additional Paid-in Capital account and if it is sold for lower than it is worth, it is debited.

The Balance here is,

= $3 * 66 resold shares

= $198

This $198 will therefore be credited to the Additional Paid-in Capital account.

5 0
3 years ago
What is the impact of war in international trade
Bezzdna [24]

The impact of war in international trade includes:

  • restriction of goods to the countries
  • conflict leading to non-agreement on trade
  • low or no trade relationship between countries.

<h3>What is an international trade?</h3>

This refers to the economic transactions that are made or took place between countries.

Hence, any military conflict impact on international trade by causing a restriction of goods to the countries, conflict leading to non-agreement on trade, low or no trade relationship between countries etc.

Read more about international trade

<em>brainly.com/question/15115779</em>

#SPJ1

8 0
1 year ago
Other questions:
  • How does the economy coordinates society's independent economic actors?
    6·2 answers
  • A company has a new concept for a lightweight electric scooter that can be easily folded and taken with you inside a building or
    8·2 answers
  • Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the
    5·1 answer
  • Why are junk bonds more popular during a bear market
    10·1 answer
  • PB5.
    11·1 answer
  • How do long-term goals differ from short-term goals?
    13·1 answer
  • Good business ethics is a good marketing strategy. Discuss
    6·1 answer
  • Tina, Jack, and Jade were just about to deliver a presentation together. Tina said, "Remember to emphasize our need for a larger
    15·2 answers
  • Which of these is an example of a natural monopoly? electricity service grocery delivery retail store security driveway concrete
    7·1 answer
  • What do americans consider to be a signal of progress in a business negotiations with foreigners?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!