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Lynna [10]
2 years ago
6

Green Company purchases a truck for $30,000 on the first day of the year. Green Company uses straight-line depreciation and esti

mates the residual value on the truck to be $5,000. The truck's estimated service life is 5 years. What is the amount of depreciation expense for the first year the truck is in operation?
Business
1 answer:
SpyIntel [72]2 years ago
6 0

Answer:

$5,000

Explanation:

The depreciation by Green Company in respect of truck for the first year of operations shall be calculated using the following mentioned formula;

Depreciation for the year=  (Cost of asset-Residual value)/useful life

Cost of asset=$30,000

Residual value=$5,000

useful life=5

Depreciation for the year=($30,000-$5,000)/5=$5,000

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Mary knits sweaters for sale. Her fixed costs are $100. When she makes 10 sweaters in one month, Mary must spend $15 on wool. To
34kurt

Answer:

$2

Explanation:

Given that

The fixed cost = $100

Cost on wool if 10 sweater are made in a month = $15

Cost on wool if 11 sweater are made in a month = $17

Since it involves no other cost

So, the marginal cost of the eleventh sweater is

= Cost on wool when 11 sweater made in one month - Cost on wool when 10 sweater made in one month

= $17 - $15

= $2

4 0
3 years ago
Define organization and explain three of the characteristics of organization. Give three examples of organizations, try to inclu
Mekhanik [1.2K]

Answer:

Organization is arranging or coordinating especially in a business, society, or association aspect. Examples of organization could be:

1. Arranging a group of people who work in specific studies

2. Taking books by their genre, and putting them together

3. The economic pyramid, is the perfect example of an organization. Defining society by class.

5 0
1 year ago
In doing a Kodak SWOT analysis, which of the following represents a traditional strength that the company leveraged into the new
lawyer [7]

Answer:

The correct answer is letter "D": R&D.

Explanation:

A SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis is a study of a firms' inner and outer advantages and disadvantages. In the case of the Eastman Kodak Company, mostly know just by Kodak, the strength that allowed the company to keep its operations up and running after the boom of photography digitizing is the importance they gave to investing in Research and Development (R&D). Before the 90s, Kodak made millionaire investments to develop technology in thermal printing in its picture maker kiosks.

6 0
3 years ago
List 5 things you have purchased in the last year because of a marketing function. Describe what function of marketing was evide
Marizza181 [45]

Answer:

1- smartphone

2- computer

3- kindle

4- clothes

5- watch

Explanation:

The economy exists due to the human need for products and services.

Marketing is responsible for adapting such products and services to the individual needs of each person, in order to offer value to the customer, meeting their desires and preferences through features, personalization of products and services, benefits, customer service, advertising, communication , etc., for a company to be strategically competitive and improve profits.

Therefore, in relation to the products acquired by me last year, there are 3 technological products (smartphone, computer and kindle) that were acquired through the function of marketing features that satisfy the needs of work, communication and leisure.

The watch and clothes were acquired through the function of advertising marketing and differentiated design, which add value to the customer through the status they create in the consumer's mind.

8 0
3 years ago
To persuade my audience that colleges should adhere to stricter standards when investigating and deciding cases of sexual assaul
Elodia [21]

To persuade my audience that colleges should adhere to stricter standards when investigating and deciding cases of sexual assault on campus is a specific purpose statement for a persuasive speech on a question of Value .

Option E

<u>Explanation: </u>

A persuasive speech is a particular speech where the speaker tries to convince the listener to support its views. The presentation is so structured that the viewer will potentially embrace all or part of the views expressed.

Convincing remarks on important issues require other acts but do not call for action. Convincing meaning terms depend on an evaluation of whether something is correct or incorrect, moral or immoral, or greater or worse than anything else.

The following proposals: truth, meaning and strategy require convincing speeches. Valuable ideas rely on persuading a group that there is something "good or bad," "just," or "wishful or unwelcome," or "right or wrong." "This is the correct way of thinking.

4 0
3 years ago
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