Answer:
D) $15,000.
Explanation:
190,000 excess of value Building amortized over 10 years: 19,000
70,000 lesser value on Equipment amortized over 5 years: 14,000
We will amortize the building at a rate of 19,000 dollar per year
and we will amortize the equipment at 14,000 per year
the inventory as still is in the company's possesion will also need to be adjsuted
10,000 + 19,000 - 14,000 = 15,000
Adam Smith is known as the Father of Modern Economics and is known as the author of "The Wealth of Nations". According to the passage above, the idea of Adam Smith that made Mark think of starting a restaurant business is self-interest. The correct answer is option B. Self-interest, according to Adam Smith, is when the individual owns the resources available, labor and capital, can make voluntary decisions to control the marketplace. This is the biggest motivator in the activity in the economy.
Answer:
The correct answer is $7,056.46
Explanation:
Giving the following information:
You want to save sufficient funds to generate an annual cash flow of $55,000 a year for 25 years as retirement income. How much do you need to save each year if you can earn 7.5 percent on your savings?
Final value= 55,000*25= 1,375,000
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,375,000*0.075)/[(1.075^38)-1]= $7,056.46
Answer:
Fixed costs= $73,760
Variable cost= $159,430
Explanation:
<u>First, let's separate the factory overhead costs:</u>
<u></u>
Power and light 40,450
Factory insurance 23,560
Production supervisor wages 118,980
Production control wages 30,930
Factory depreciation 19,270
<u>Now, the fixed and variable costs:</u>
Fixed costs= Factory insurance 23,560 + Production control wages 30,930 + Factory depreciation 19,270
Fixed costs= $73,760
Variable cost= Power and light 40,450 + Production supervisor wages 118,980
Variable cost= $159,430
