Answer:
A. $119,000
B. 10%
C.$11,900
Explanation:
Deprecation is a method used in expensing the cost of an asset.
The depreciable cost = Cost of asset - Salvage value = $123,800 - $4,800 = $119,000
The straight line rate = 1/10= 0.1 = 10%
annual straight-line depreciation = depreciable cost × straight line rate = $119,000 × 0.1 = $11,900
I hope my answer helps you
Answer:
decrease
Explanation:
Break-even point is use to determine the minimum number of units a company needs to sell in order to fully cover the fixed costs. The formula for break-even point is ;
Break- even point = Fixed cost/ (Selling price - Variable cost)
When fixed cost(FC) is decreased while variable cost (VC) and selling price is kept at the same level, the numerator will be smaller making the break- even point to decrease.
Encourage people to open business and invent new product.
Answer:
$40,360
Explanation:
Data provided
Inventory price = $38,100
Transportation cost = $1,500
Shipment insurance = $210
Cleaning and refurbishing = $550
According to the situation the computation of total cost of inventory is shown below:-
Total cost of inventory = Inventory price + Transportation cost + Shipment insurance + Cleaning and refurbishing
= $38,100 + $1,500 + $210 + $550
= $40,360
Therefore for computing the total cost of inventory we simply applied the above formula.
Answer:
A $500 travelers check
Explanation:
A $500 travelers check is the most liquid asset because it can be directly exchanged for currency. In fact, travelers checks are so liquid that they are included in the money aggregate M1, the money supply measure that is the most liquid.
