About _____ percent of adults over age 90 have lost all functional vision.

On January 1, Year 7, Colorado Corp. purchased a machine having an estimated useful life of 8 years and no salvage value. The ma

shepuryov [24]

Answer:

D) $0

Explanation:

The depreciation method changed, but the previous depreciation expense has already been recorded and subject to taxes. Therefore the new straight line depreciation should start with the remaining asset value and calculate the depreciation expense for the remaining 6 years:

For example, if the purchase value was $1,200,000 (= $300,000 x 4), the remaining value would be $675,000 then the depreciation expense will be $112,500 per year during the next 6 years starting on year 9.

5 0

3 years ago

David is buying a new car for $21,349.00. He plans to make a down payment of $3,000.00. If he's to

marshall27 [118]

Answer: (D) 5.90%

Explanation: David is going to buy a new car at $21,349.

The down payment is $3,000.

Loan amount (Present value) = $21,349 - $3,000

Loan amount (Present Value) = $18,349

Installment amount (pmt) = $352

As the payment is made monthly (12 months in a year),

Number of payments = 5 * 12

Number of payments = 60

Using the rate option in excel,

$=rate(nper,pmt,-pv,fv,type)$

Insert the variables into the option, we get

$=rate(60,352,-18349)$

By inserting the above formula in excel we get,

Rate = 0.47%

Rate of 0.47% is monthly, to get APR

$APR = (1+monthly rate)^12 - 1$

$APR = (1+0.0047)^12 - 1$

$APR = (1.0047)^12 -1$

$APR = 1.0586 - 1$

APR = 0.0586

APR = 5.86% or 5.90%

Therefore the correct option is 5.90%.

8 0

3 years ago

Granite Company purchased a machine costing $128,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight c

Alborosie

Answer:

machine enter the accounting at 138,210 dollars

Explanation:

cost: 128,000 x ( 1 - 3%) = 124,610

shipping cost: 2,800

installation cost: 10,800

total incurred cost

to leave the machine

ready for use: 138,210

The damge are expenses for the period as they arent a necessary cost to utilize the machine.

The company used the discount price over the list price as this is the atual cost incurred

8 0

3 years ago

Assume that product Alpha and product Beta are both priced at $1 per unit and that Ellie has $20 to spend on Alpha and Beta. She

alexira [117]

Answer:

D.

Explanation:

Marginal Utility puts a numerical value on the amount of satisfaction that a consumer gets from buying an additional unit of a product or service. Therefore based on this information it can be said that the information provided in the question indicates that in order to maximize utility, Ellie should buy more of Alpha and less of Beta, mainly due to the fact that the marginal cost of Alpha is double that of Beta and both cost the same price.

8 0

3 years ago

During his annual performance review, Blake says to his supervisor, "So the two main ways that you want me to improve are to dou

Rom4ik [11]

Answer:

E. summarizing

Explanation:

This is an effective listening skill, as Blake asked his manager to improve what he said, and he articulated key ideas, and he took key points from people doubling his work to improve accuracy and become a team.

The player being investigated

so correct option is E. summarizing

6 0

3 years ago