Answer:
A. $29,000
B. $19,720
C. $69,000
$34,500
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
($138,000 - $22,000) / 4 = $29,000
Unit of activity = Cost of asset - Salvage value) / Total working hours
= ($138,000 - $22,000) / 10000 = $11.6
$11.6 × 1700 = $19,720
Double declining method = Depreciation factor × net book value
Depreciation factor = 2 × (1/useful life)
2(1/4) = 0.5
0.5 × $138,000 = $69,000
Net book value = $138,000 - $69,000 = $69,000
Depreciationexpense for the second year = 0.5 × $69,000 = $34,500
I hope my answer helps you
Answer:
41.92 months
Explanation:
In this question, we use the NPER formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = $23,000
Future value = $33,000
Rate of interest = 0.50%
PMT = $100
The formula is shown below:
= NPER(Rate;-PMT;-PV;FV;type)
The present value and the PMT comes in negative
So, after solving this, the answer would be 41.92 months
50%
Explanation:
A. Safety belts are most effective when used properly. Each vehicle made today has a lap/shoulder belt combination. It should go over the shoulder and across the center of the chest. Lap belts should fit comfortably across the hips, not over the stomach. Don't make slack in your seat belt and don't tuck a shoulder belt under your arm or behind your back for any reason, including to defeat the seat belt alarm.
B. Seat belt has saved 14,668 people in 2016 in vehicle accidents.
C. The national use rate of lap and shoulder belt in America is 90.1 percent.
Managers often use a(n) utilitarian approach when making organizational decisions - using financial performance such as profit as the best definition of what constitutes an ethical choice for the company.
<u>Explanation:</u>
When decisions are taken by taking benefits and the costs that are associated with stakeholders into consideration is an utilitarian approach. The main thing that is considered in this approach for taking any decision is consideration of the outcome and net result of the action that is to be taken.
It aims in taking an action that has greater good for many number of people and less harm for lesser number of people. It considers both the people who gets benefits and those people who suffer from the decision. It mainly focus on choosing an alternate that is more ethical and produces a good balancing of benefits than harm.
Answer:
I have selected Standard Chartered Bank which is one of the leading banks in the world. It has more than 1200 branches across 70 countries in the world. The head quarter of the bank is in the city of London, England.
The financial statements of the banks are available online. These financial statements are compared with similar other banks or industry averages to analyse the performance of the bank.
Explanation:
Standard Chartered is one of the finest bank in the world. The banking sector has been always striving to serve people better and standard chartered has made this possible. The financial statements of the bank are available online. One can easily go to the banks website of their respective country and click the about us tab. Then in the about us tab there is detail about company operations and their mission vision statements along with free and complete access to financial statements.
