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emmasim [6.3K]
3 years ago
12

Cardco Inc. has an annual accounting period that ends on December 31. During the current year a depreciable asset that cost $42,

000 was purchased on September 1. The asset has a $4,000 estimated salvage value. The company uses straight-line depreciation and expects the asset to have a five-year life. What is the total depreciation expense for the current year
Business
1 answer:
Leya [2.2K]3 years ago
8 0

Answer: $2,533.33

Explanation:

First you need to calculate the annual depreciation:

= (Cost of asset - Salvage value) / Useful life

= (42,000 - 4,000) / 5

= 38,000 / 5

= $7,600

The asset was bought on September 1 and needs to be depreciated for the months of the year it was in the business. That would be September to December which is 4 months.

Depreciation for that year is:

= 7,600 * 4/12 months

= $2,533.33

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Michael's, Inc., just paid $2.00 to its shareholders as the annual dividend. Simultaneously, the company announced that future d
elena-s [515]

Answer:

$49.71

Explanation:

The computation of the willing to pay for the company stock is shown below:

= Next year dividend ÷ (Required rate of return - growth rate)

where,

Next year dividend is

= $2 + $2 × 4.4%

= $2 + 0.088

= $2.088

The required rate of return is 8.6% and the growth rate is 4.4%

So, the price of one share of the company stock is

= $2.088 ÷ (8.6% - 4.4%)

= $2.088 ÷ 4.2%

= $49.71

We simply applied the above formula

8 0
3 years ago
Gabrielle is in charge of hiring new employees for her company. She decides she needs to assess the future demand for employees
kykrilka [37]

Answer:

C) Forecasting considers the role of antidiscrimination policies at present.

Explanation:

Employee forecasting is essential in HR organization planning. Like any other forecasting, it requires input variables. In order to assess the financial resources needed, a company needs the input of the predicted sales.

Also, turnover rates should be determined to see how many employees will probably leave the company.

But, antidiscrimination policies are irrelevant, since HR forecasting does not refer to an ultra specific employee profile, but rather the number and structure of the future organization's workforce.

7 0
4 years ago
The ending inventory of finished goods has a total cost of $9,000 and consists of 600 units. If
horsena [70]

Answer:

B. $2,000

Explanation:

Given;

Total cost of ending inventory = $9,000

Total number of units = 600

Over heads cost = $3,000 and the overhead rate is 75% of direct labor

Let direct labour cost be y

75% × y = 3000

3y/4 = 3000

y = 4 × 3000/3

y = $4,000

Total Inventory cost = direct material cost + direct labour cost + overheads

9000 = direct material cost + 4000 + 3000

direct material cost = 9000 - 7000

                                = $2,000

8 0
4 years ago
what are some advice you would tell a friend or family member about managing their own money? is the advice that follow yourself
Jobisdone [24]

Answer: I would speak to my friend or family member about the importance of saving.

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The conversation would be about how to save since many times people tend to buy and spend on many things and do not think long term. They think that money will always be there and that the bad times will never come. When we think of saving as something fundamental, we are thinking of our future, of having security.

is the advice that follow yourself?

This kind of advice and talk about money is something I apply to myself and have done for many years. I understand the importance of saving and try to be someone who puts what he preaches into practice.

why or why not?

For many years I have thought about the importance of saving. Before he was a person who spent and did not think about the future. Nowadays I put this advice into practice as I know how important it is to have money saved, which can be used for any emergency that arises. Saving money is something for wise people, it helps to have something to lean on. I always carry this financial advice with me, apply it to the measure and try to teach it to the people around me

8 0
3 years ago
Fred wants to give his fbla presentation about the upcoming membership drive an intense look. fred should use which powerpoint f
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7 0
3 years ago
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