1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
muminat
3 years ago
10

Central Supply purchased a new printer for $67,500. The printer is expected to operate for nine (9) years, after which it will b

e sold for salvage value (estimated to be $6,750). How much is the first year’s depreciation expense if the company uses the double-declining-balance method? A. $15,000 B. $ 7,500 C. $18,000 D. $13,500 E. None of the above
Business
1 answer:
Sergeu [11.5K]3 years ago
8 0

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Central Supply purchased a new printer for $67,500. The printer is expected to operate for nine (9) years, after which it will be sold for salvage value (estimated to be $6,750).

Annual depreciation= 2*[(original cost - residual value)/estimated life (years)]

Year 1= 2*[(67,500 - 6,750)/9]= $13,500

You might be interested in
Colt Carriage Company offers guided​ horse-drawn carriage rides through historic Charleston comma South Carolina. The carriage b
chubhunter [2.5K]

Answer:

1) Colt Carriage Company

Income Statement

For the month ended April 202x

Revenues:

  • Adults passengers $186,300
  • Children $81,000                      
  • Total revenues                                       $267,300

Variable costs:

  • City fees $26,730
  • Souvenirs $7,425
  • Brokerage fees $11,340
  • Carriage drivers $52,650
  • Total variable costs                                  <u>$98,145</u>

Contribution margin                                        $169,155

Period costs:

  • Depreciation $2,900
  • Horse leases $48,000
  • Marketing expenses $7,350
  • Payroll expenses $7,600
  • Total period costs                                  <u>$65,850</u>

Operating profit                                             $103,305

2) If the total amount of passengers increase by 10%, then all variable costs will increase by 10% except brokerage fees which would increase only by 6%. Revenues should also increase by 10%. Period costs should not change.

Contribution margin should increase by 10.29% and operating profit would increase by 16.81%.

Explanation:

since the information is not complete, I looked it up:

Revenues

13,500 passengers:

8,100 x $23 = $186,300

5,400 x $15 = $81,000

total $267,300

variable costs:

fees paid to the city 10% of total revenue

souvenirs $0.55 per passenger

brokerage fees 60% of total tickets x $1.40

carriage drivers $3.90 per passenger

fixed costs:

depreciation $2,900

horse leases $48,000

marketing expenses $7,350

payroll expenses $7,600

4 0
3 years ago
Your current account balance is $215. you have $322 of expenses each month. your income is $444 per month. how long will it take
sladkih [1.3K]
It will take me at least or approximately 7 months to accumulate a balance of $1000 in my account
6 0
3 years ago
A utilities consumer action panel could help resolve consumer complaints about high energy costs because the panel members are
otez555 [7]
The answer is A independent and unbiased
7 0
3 years ago
Question 7. The corporate charter of Gagne Corporation allows the issuance of a maximum of 100,000 shares of common stock. Durin
ANTONII [103]

Answer:

Share Authorized = 100,000 Shares  

Share issued = 70,000

Share outstanding = 66,000 shares

Explanation:

Data provided in the question:

Number of shares Gagne Corporation allows the issuance = 100,000 shares

Number of shares Gagne sold to shareholders =  70,000

Number of shares reacquired by Gagne = 4,000

Now,

Share Authorized = Number of shares Gagne Corporation allows the issuance

= 100,000 Shares  

Share issued = Number of shares Gagne sold to shareholders

= 70,000

Share outstanding = Shares issued - Number of shares reacquired

= 70,000 - 4,000

= 66,000 shares

6 0
3 years ago
What effects did the great depression have on the credit industry
NikAS [45]
It expanded the credit industry because all americans credit was effected by the great depression

8 0
3 years ago
Read 2 more answers
Other questions:
  • Newland and Palermo form a partnership. Newland contributes land with a book value of $50,000 and a fair value of $60,000. Newla
    7·1 answer
  • "If a real estate professional says to a potential seller that the neighborhood is ""changing"" and ""isn't what it used to be,"
    5·1 answer
  • Landau Gears provides the following cost information related to its production of its primary product: Per Unit Variable manufac
    11·1 answer
  • Select the correct answer. Which part of a speech contains the speaker’s arguments, ideas, examples, and proof? A. the title of
    9·1 answer
  • A local bank’s advertising reads: "Give us $50,000 today, and we’ll pay you $800 every year forever." If you plan to live foreve
    10·1 answer
  • Drag each example to the corresponding step in the new-product development process.
    10·1 answer
  • The government can shift or influence supply in a market by providing subsidies (money) to businesses or by taxing them heavily.
    8·1 answer
  • Eric is adding three more slides to his PowerPoint presentation. He knows he wants one of them to have only a large text box, th
    6·2 answers
  • International data show a positive correlation between income per person and the health of the population.
    5·1 answer
  • Omega has a real gdp per capita of $5,000. If it has a constant 6% rate of growth. how many years will it take before omega has
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!