Answer: Straight line method of depreciation
Explanation: Under the straight line method of depreciation the asset is expensed over its useful life. In this method, depreciation or amortization is calculated by dividing the difference of initial cost and salvage value of the asset from its useful number of years.
This method is not commonly used for assets having longer term period but still some business entities use it as it is easy to calculate.
Answer:
Given:
Allowance for Doubtful Accounts is a credit of $760
Written off accounts = $120
Accounts totaling = $740
The end-of-year balance (before adjustment) in Allowance for Doubtful Accounts will be computed as:
<em>Allowance for Doubtful Accounts - Accounts totaling + Written off accounts</em>
<em>⇒ $760 - $740 + $120</em>
<em>⇒ $140</em>
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<u><em>therefore, the correct option is (c).</em></u>
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Travel Book
Sales= $164,000
Cost of goods sold= (67,000)
Contribution margin= 97,000
Order and delivery processing (25,000)
Net income= 72,000
Rent and allocated corporate costs remain constant in both decisions (drop or not). Therefore, they are irrelevant.
<u>Now, if the travel book product line was discontinued, the company's net income would have decreased by $72,000</u>
When a 1 percent decrease in price produces more than a 1 percent increase in quantity sold, the product or service is an Elastic Demand.
<h3>
What is an Elastic Demand?</h3>
- Elastic demand is measured by its percent of change in demand divided by its percent of change in price, provided all other factors remain the same.
- If the change in price and change in demand is proportionate, the item is neither elastic nor inelastic.
- An item has elastic demand if its demand changes more than its price changes.
- For example, if two stores sell identical products of the same amount for different prices, incase of a perfectly elastic demand nobody would buy from the seller with higher priced product.
Learn more about Elastic Demand here:
brainly.com/question/14897348
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Answer:
C Yours truly
Explanation:
For closing the formal letter, we write off the format closing at the bottom of the page
Like
Yours sincerely
Thanks & regards
Your truly
Best regards, etc
This should represent the respect of a person and the writing way to write out a letter
Therefore in the given case, the option C is correct i.e. C yours truly
