Answer:
$1,066.67
Explanation:
Using straight line method, depreciation expense is constant throughout the life of an asset.
Depreciation is calculated as seen below;
Depreciation = Cost of asset - Residual value
= $18,200 - $2,200
= $16,000
Depreciation rate = 1/5 × 100
= 20 percent
Depreciation per year = 20/100 × 16,000
= $3,200
During the year 1, the van operated for four months (Sept, Oct, Nov and Dec)
Depreciation for the four months = 4/12 × 3,200
= $1,066
Answer: Option C
Explanation: Short term receivables refers to the amount of receivables that are to be received within a year. Thus, discounting a value for just one period with the market interest rate won't make a big change in value.
Hence the discount is usually considered immaterial as it is very small in value.
The discounting method is usually used for the long term investments in which a huge amount is invested for a period more than on year. As interest rates could change the value of a amount received due to their fluctuating nature.
Thus, the correct option is C.
Answer: Sustainability
Explanation:
The sustainability is the term which refers to the process that meets the present requirement without any compromising the needs for the future generation. This process is known as the sustainability development. The three main pillar of the sustainability are as follows:
- Profits
- People
- Planet
According to the question, the given management philosophy is called as sustainability as it support the quality of the community, natural resources and also the environmental health.
Answer:
When the world price is $9.00 per barrel, imports are 10.25 million barrels per day.
Explanation:
This can be explained as following:
- At the domestic equilibrium, the quantity supplied and demanded were:
- When the world price is $9.00 (P=9), the domestic demanded and supplied quantity were:
- Demand: Qd = 15 - (1/4)x9 = 12.75 million
- Supply: Qs = -2 + (1/2)x9 = 2.5 million
When the domestic supply is 2.5 million barrels per day while the domestic demand is 12.75 million barrels per day, the domestic still lacks:
- 12.75 - 2.5 = 10.25 million barrels per day
So that they need to import 10.25 million barrels per day.
Answer:
Solution attached in picture
Explanation: