Answer:
Annual Depreciation expense = $15695.7692 rounded off to $15695.77
Explanation:
We first need to calculate the cost of the equipment. The cost at which an equipment or asset should be recorded should include all the costs incurred to bring the asset into the place and condition necessary for its use as intended by the management. Thus the cost of the equipment will be,
Cost = 165891 + 42172
Cost = $208063
Now we can calculate the depreciation expense per year based on the straight line depreciation method using the following formula,
Annual Depreciation expense = (Cost - Salvage Value) / Estimated useful life
Annual Depreciation expense = (208063 - 4018) / 13
Annual Depreciation expense = $15695.7692 rounded off to $15695.77
The 10 million U.S. residents with the highest SES outlive the 10 million with the lowest SES who live in rundown areas by about <u>30</u> years.
<h3>What is socioeconomic status (SES)?</h3>
Socioeconomic status can be defined as the status of people in a society or community as based on the followings:
- Income
- Occupation
- Education
In the United State of America people who are educated and earn higher income including having the best health care tend to live longer compare to those who live in a very poor condition and has a lowest SES.
Inconclusion 10 million U.S. residents with the highest SES outlive the 10 million with the lowest SES who live in rundown areas by about <u>30</u> years.
Learn more about socioeconomic status here:brainly.com/question/3867614
Answer:
b. quantity with price as the explanatory variable because the demand curve is linear.
Explanation:
A linear demand curve can be defined as the graphical representation of the relationship between the quantity of goods or services that are being demanded by the consumers and the price of the goods or services at a specific period of time.
Generally, the x-axis of the graph is used to represent the price of the goods or services while the y-axis of the graph is used to represent the quantity of goods or services that are being demanded by the customers at a specific period of time.
In this scenario, You work for a firm producing fitness equipment and have been informed that the demand curve for the firm's main product, a multi-station home gym, is linear. Also, you have been provided with price and quantity data obtained from focus groups and have been asked to run a regression of revenue on price.
Hence, a linear functional form can properly be used to estimate quantity with price as the explanatory variable because the demand curve is linear.
Additionally, according to the law of demand, as the price of a particular product or service increases, there will be a decrease in the quantity that is being demanded by the consumers.
Answer:
2.21%
Explanation:
The internal rate of return is the rate of return on the project where the present value of future cash flows equals the initial investment outlay. It is known as the break-even discount rate since, at IRR, the net present value is zero.
The IRR can be determined using the excel IRR function as shown thus:
=IRR(values)
values are the cash flows from years 0-4
Find attached excel file for IRR computation
