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san4es73 [151]
2 years ago
12

El Tapitio purchased restaurant furniture on September 1, 2021, for $45,000. Residual value at the end of an estimated 10-year s

ervice life is expected to be $6,000. Calculate depreciation expense for 2021 and 2022, using the straight-line method, and assuming a December 31 year-end. (Do not round intermediate calculations.)
Business
1 answer:
muminat2 years ago
4 0

Answer:

$1,300 and $3,900

Explanation:

The computation of the depreciation expense for the year 2021 and 2022 using the straight line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($45,000 - $6,000) ÷ (10 years)

= ($39,000) ÷ (10 years)  

= $3,900

In this method, the depreciation is same for all the remaining useful life

For the year 2021, it is

= $3,900 × 4 months ÷ 12 months

= $1,300

The four months are taken from Sep 1 to Dec 31

And, for the year 2022, it is $3,900

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Best Foods Company is considering expanding beyond the regional market segments now served by its Hellmann's mayonnaise. One cri
LenaWriter [7]

Answer:

A. Best Food's competitive position in the segment

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Best Food's competitive position in the segment is an example of the criterion used to select target market segments.

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3 years ago
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Good Foods has net income of $82,490, total equity of $518,700, and total assets of $1,089,500. The dividend payout ratio is .30
dexar [7]

Answer:

5.6%

Explanation:

Internal growth rate can be calculated as below:

Internal growth rate = (Return on asset x Retention Rate)/[1 - (Return on asset x Retention Rate)]

Retention rate  = 1 - Payout ratio = 1 - 30% = 70%

Return on asset = Net income/Asset = 82,490/1,089,500 = 7.6%

Putting all the number together, we have:

Sustainable growth rate = (7.6% x 70%)/[1 - (7.6% x 70%)] = 5.6%

8 0
3 years ago
The public report that a developer must provide when offering subdivided lands for sale is provided by which agency?
e-lub [12.9K]

The Subdivided Lands Law requires a subdivision developer to obtain a public report from the Real Estate Commissioner before offering any lots for sale.

A Commissioner is basically a member of the Commissioner or a person to whom duties are delegated. In practice, the title of commissioner has evolved to include various senior officials, often on specific committees.

Persons with Assignments: Etc. a: Committee members. b: A representative of a government agency of a district, state, or other entity, often having both judicial and executive powers. c: Officer in charge of a department or office of public service.

If the date of this order is more than one year before he and the agent ex officio change the order. An order by an attorney to refuse to interfere shall not be considered an order prejudicial to a judge.

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7 0
1 year ago
Earned net income of $65,000 after deducting depreciation of $8,000 and all other expenses. Current assets decreased by $7,000​,
Drupady [299]

Answer:

Cash provided by operating activities is 89.000

Explanation:

The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.

It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)

Notice the amounts of any decreases are in parentheses.

Net income 65.000

Adjustment to reconcile the net income to cash  

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+ Current liabilities increase 9.000

Net cash 89.000

7 0
3 years ago
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