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
Digiron [165]
3 years ago
11

When using straight-line depreciation to compute depreciation for a partial​ year:

Business
1 answer:
PtichkaEL [24]3 years ago
8 0

Answer:

B.

compute depreciation for a full year under straight minusline depreciation and multiply it by the fraction of the year that you held the asset.

Explanation:

Under straight-line depreciation, the asset value is spread equally throughout its useful life.

To get the depreciation of a partial year, you need to calculate the depreciation a full year first.

Divide the asset value by the number of its useful years to get depreciation value for one year.  To compute partial depreciation, you need to establish the fraction of the year to be depreciated. Divide the number of months by twelve to get the fraction.

To get actual depreciation, multiply this fraction by a full year depreciation.

You might be interested in
A firm producing good y recently increased monthly production from​ 1,500 units to​ 2,000 units. this had no impact on the marke
solmaris [256]
The following that most strongly implied by this information is that at the current level of production, the firm is making a profit of $3000. Jake and Mathew will most likely agree on The firm should increase production from the current level. Mathew is assuming​ that no new firms enter the market in the short run.
6 0
3 years ago
Exercise 18-12 Computing sales to achieve target income LO C2 Blanchard Company manufactures a single product that sells for $31
photoshop1234 [79]

Answer:

The unit sales to earn the target income is 9,000 units

Explanation:

Annual income=Total sales-total expenses

where;

Annual income=$1,550,000

Total sales=Cost per unit sales×number of units sold (n)=(310×n)=310 n

Total expenses=Variable cost+annual fixed cost

Total expenses=(248×n)+992,000

Total expenses=248 n+992,000

Replacing;

1,550,000=310 n-(248 n+992,000)

1,550,000=310 n-248 n-992,000

310 n-248 n=1,550,000-992,000

62 n=558,000

n=558,000/62

n=$9,000

The unit sales to earn the target income is 9,000 units

3 0
3 years ago
A stock with a current market price of $50 and a strike price of $45 has an associated put option priced at $3.50. This put has
Rashid [163]

Answer:

The answer is D

Explanation:

Intrinsic value can be found by simply using the following formula

Put intrinsic value = Strike Price - Current selling price

this gives,

PIV = $45 - $50 = $-5

A put intrinsic value cannot be vegetative as it can be exercised right now at the current price. Thus it is interpreted as 0.

Time value is calculated as follows

Time Value = Option Price - Intrinsic Value

This gives   TV = $3.5 - $0 = $3.5

Hope this helps.

6 0
3 years ago
On January 1, an investment account is worth 50,000. On May 1, the value has increased to 52,000 and 8,000 of new principal is d
Evgesh-ka [11]

The question is incomplete. The complete question is :

On January 1, an investment account is worth 50,000. On May 1, the value has increased to 52,000 and 8,000 of new principal is deposited. At time t, in years, (4/12 < t < 1) the value of the fund has increased to 62,000 and 10,000 is withdrawn. On January 1 of the next year, the investment account is worth 55,000. The approximate dollar-weighted rate of return (using the simple interest approximation) is equal to the time-weighted rate of return for the year. Calculate t.

Solution :

It is given that :

Worth of investment account on 1st Jan = 50,000

Worth of investment account on 1st Jan next year = 55,000

New principal deposited = 8000

Therefore the interest earned = 55,000 - 50,000 - 8,000 + 10,000

                                                  = 7,000

Therefore,

$\frac{7000}{\frac{50000+16000}{3-10000(1-t)}}= \frac{52}{50} \frac{62}{60} \frac{55}{52} - 1$

                   = 0.13667

7000 = 0.13667(55,333.33 - 10000 + 10000t)

$t=\frac{7000-0.13667(45333.33)}{1366.7}$

    = 0.5885

Thus, time - weighted rate of the return = 0.5885

4 0
2 years ago
7. Assume that the standard hours allowed for the actual total output of the fabric plant are 115,000. Calculate the following v
OlgaM077 [116]

Answer:

The question is missing information, however the way to approach the required is presented below in the explanation

Explanation:

When calculating variances it's always important to flex the budgeted information to standard form so we're comparing apples with apples. If we use the actual budgeted figures we can distort the variances and comparisons of information may be useless. For instance if we produce 40 units but budgeted was 50 units we need to work out what was the budgeted cost for 40 units and compare that to the actual cost of 40 units. That is what is meant by flexing to the standard form.

A) The fixed overhead spending variance is the difference between the budgeted and actual fixed overhead expense. This is calculated as follows

Actual fixed overhead - Budgeted fixed overhead = Fixed overhead spending variance $

B) The fixed overhead volume variance is calculated as follows;

Budgeted fixed overhead rate – Fixed overhead rate applied to the units (quantity of production)

C) Variable overhead spending variance is calculated as follows;

The variable overhead spending variance is the difference between the actual and budgeted rates of expenditure of the variable overhead.

Actual hours worked x (actual overhead rate - standard overhead rate)

= Variable overhead spending variance

D) Variable overhead efficiency variance is calculated as follows;

The variable overhead efficiency variance is the difference between the actual and budgeted hours worked. The standard variable rate per hour is used for this and must be calculated.

Standard overhead rate x (Actual hours - Standard hours)

4 0
3 years ago
Other questions:
  • Farmco just paid its annual dividend of $.32 per share. The dividends are expected to grow at 25 percent annually for the next 4
    6·1 answer
  • The annual demand for an item is 10,000 units. The cost to process an order is $75 and the annual inventory holding cost is 20%
    8·1 answer
  • On January 1, 2021, Robertson Construction leased several items of equipment under a two-year operating lease agreement from Jam
    14·1 answer
  • Carmen Co. can further process Product J to produce Product D. Product J is currently selling for $20 per pound and costs $15.75
    5·1 answer
  • There are two main ways to measure social inequality, they are: Inequality of conditions refers to the unequal distribution of i
    10·1 answer
  • In reference to auto insurance, what is gap coverage<br>​
    7·2 answers
  • How do you changing prices affect supply and demand?
    13·1 answer
  • (c) the limits of the terms of trade are determined by the comparative cost conditions in each country before trade: 1a
    6·1 answer
  • ________ is the range of product and service segments that the firm serves within its market.
    10·1 answer
  • The most liquid monetary aggregate is: ___.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!