Answer:
Gross income = $1,000
Explanation:
Given:
Total beneficiary of insurance amount = $100,000
Total number of equal payment = 10
Each installment amount receives = $11,000
Computation of each payment amount proposed:
Each payment amount proposed = $100,000 / 10
Each payment amount proposed = $10,000
Computation of gross income:
Gross income = Each installment amount receives - Each payment amount proposed
Gross income = $11,000 - $10,000
Gross income = $1,000
Answer:
The depreciation expense for the second year will be $108000
Explanation:
The double declining balance method is an accelerated form of depreciation that charges a rate that is double of the straight line depreciation rate. The formula for depreciation under double declining balance method is,
Depreciation expense = 2 * SLDR * BV
Where,
- SLDR is the straight line depreciation rate
- BV is the book value at the start of the period
The straight line depreciation rate = 100% / 5 = 20% or 0.2
<u>Depreciation expense under Double Declining method</u>
First Year = 2 * 0.2 * 450000 = $180000
Carrying value after Year 1 = 450000 - 180000 = $270000
Second Year = 2 * 0.2 * 270000 = $108000
Carrying value after Year 2 = 270000 - 108000 = $162000
It is a type of regressive Is the answer
According to nutrition labeling laws, the amounts of VITAMIN A AND VITAMIN C must be labelled as percent daily value. The percent daily value of these vitamins fond in nutrition fact labels can help people to make informed decisions about their diets. It can also be used to track the quantity of each vitamins that one is consuming on a daily basis; this is especially important for people who have to consume a particular amounts of these vitamins and other items found in processed foods.
Answer:
Average total cost = $39
Marginal revenue = $32 per unit
Explanation:
The computation of average total cost and marginal revenue is shown below:-
Average total cost = Selling price - (Economic profit ÷ Weekly output)
= $42 - ($1,500 ÷ 500)
= $42 - 3
= $39
Marginal revenue = Marginal cost
So,
Marginal revenue = $32 per unit
Therefore for computing the average total cost and marginal revenue we simply applied the above formula.