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il63 [147K]
3 years ago
7

Adkins Bakery uses the modified halfminusmonth convention to calculate depreciation expense in the year an asset is purchased or

sold. Adkins has a calendar year accounting period and uses the straightminusline method to compute depreciation expense. On March​ 17, 2018, Adkins acquired equipment at a cost of $ 140 comma 000. The equipment has a residual value of $ 42 comma 000 and an estimated useful life of 8 years. What amount of depreciation expense will be recorded for the year ending December​ 31, 2018?​ (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.)
Business
1 answer:
nirvana33 [79]3 years ago
7 0

Answer:

The correct answer is $9187.5.

Explanation:

According to the scenario, the given data are as follows:

Asset cost = $140,000

Residual value = $42,000

Life period = 8 years

So, Annual depreciation can be calculated by using following method:

Annual depreciation = ( Asset cost - Residual value) ÷ Life period

= ($140,000 - $42,000) ÷ 8

= $12,250

As depreciation is to be recorded till Dec.31

So, total time period = Apr - Dec = 9 months

So, Depreciation expense till Dec.31 = $12,250 × (9 ÷ 12)

= $9,187.5

Hence, Depreciation expense till Dec.31 is $9,187.5.

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You were left $100,000 in a trust fund set up by your grandfather. The fund pays 6.5% interest. You must spend the money on your
pickupchik [31]

Answer:

The answer is 27,408.71

Explanation:

Solution

Recall that:

You were left with a trust fund of =$100,00

Interest rate = 6.5%

Money with drawled = 4 installments

Now,

The step to take is to find you could withdraw currently at the start of each of the next 3 years with a zero account to end up with.

Now,

100, 00 = X (1 - (1.065)^-4/.065/1.065

We now solve for X

Thus

X =7,408.71

By applying or using a financial calculator

We arrange it to an annuity due setting - [2nd] [BGN] then [2nd] [Set] this will set it to mode "BGN"

So,

N = 4

I/Y = 6.5

PV = -100,000

FV = 0

CPT PMT

The payments are known to to be 27,408.71

Note : Kindly find an attached copy of the Financial calculator below

3 0
3 years ago
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The Anderson Company has equal amounts of low-risk, average-risk, and high-risk projects. The firm's overall WACC is 12%. The CF
astra-53 [7]

Answer:

e. The company will take on too many high-risk projects and reject too many low-risk projects.

Explanation:

By using the WACC for discounting purposes in case of the higher risk projects the net present value would be greater in such cases and also the high discount rate is applied. It is easily accepted but at the same time it also rise the organization risk

Therefore in the given case, the option e is correct and the same is to be considered

8 0
3 years ago
ROI: Fill in the Unknowns Provide the missing data in the following situations: North American Division Asian Division European
nordsb [41]

Answer and Explanation:

The computation of the missing data  is shown below:

<u>Particulars     North American    Asian            European</u>

<u>                      division                 Division            Division </u>

Sales            $2,000,000        $5,000,000     $1,050,000

Net Operating

Income        $80,000             $200,000            $168,000

Operating

assets         $500,000          $2,000,000         $700,000

Return on

Investment   16%                      10%                      24%

Return on sales 0.04              0.04                      0.16

Investment

turnover           4                    2.5                         1.5

Working notes :  

1. For North American division

Sales is

= Net operating income ÷ return on sales

= $80,000  ÷ 0.04

= $2,000,000

Operating assets is

= Net Operating income ÷ return on investment

= $80,000 ÷ 16%

= $500,000

Investment turnover is

= Sales ÷ operating assets

= $2,000,000 ÷ $500,000

= 4

For Asian Division

Operating assets is

= Net operating income  ÷  return on investment

= $200,000  ÷ 10%

= $2,000,000

Return on sales is

= Net Operating income ÷ sales

= $200,000 ÷ $5,000,000

= 0.04

Investment turnover is

= Sales ÷ operating assets

= $5,000,000  ÷ $2,000,000

= 2.5

For European division:

Sales is

= Operating assets × investment turnover

= $700,000 × 1.5

= $1,050,000

Return on investment is

= Net operating income ÷  operating assets × 100

= $168,000 ÷ $700,000

= 24%

5 0
3 years ago
Why is diversity important?
liberstina [14]

Answer:

Growing Acceptance, Diminishing Discrimination. Promoting diversity is the first step to not just “tolerance” but true inclusion and acceptance. ...

Becoming a Global Citizen. If you experience diversity in your everyday life, you will have regular exposure to people, cultures, traditions, and practices that are unlike your own.

Explanation:

hope that worked

8 0
3 years ago
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Sergio [31]

An individual do to help increment their credit rating to Use just a little level of your credit limit.  

Further Explanation:  

Diminish the measure of obligation you owe :

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4. Apply for and Open New Credit Accounts Only as Needed. ...  

5. Don't Close Unused Credit Cards.  

effects credit rating the most:  

Skipping installments or paying your Visa late can adversely affect your financial assessment. Paying your bills on schedule, each time is a key method to help improve your financial assessment. Striking the correct harmony between sorts of credit can improve your FICO assessment.

Subject: business

Level: High School

Keywords: Diminish the measure of obligation you owe, Ventures to Improve Your Credit Scores, effects credit rating the most,  

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