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Zepler [3.9K]
3 years ago
12

Are you dreaming of buying your own car, visiting a new city or learning a language— but aren’t sure how to get there? The key t

o achieving your Financial goals are to break them down into manageable steps. Fill in the circles below to see how you can start reaching one of your goals today. STEP 1 What’s your goal?
Business
1 answer:
Alekssandra [29.7K]3 years ago
5 0

Answer:

The steps to reaching your goals are:

Step 1: What is your goal?

Step 2: What is your why?

Step 3: What will it cost you?

Step 4: What is your action plan?

Step 5: How will you stick to the plan?

Explanation:

Step 1: What is your goal?

You have to be clear on what you want. Take for instance, you dream of buying your own car, write it down.

Step 2: What is your why?

State reasons why you need a car of your own. Is it for business runs or to aid your movement? you have to specify all the reasons.

Step 3: What will it cost you?

Do a market survey for best prices and car options.

Step 4: What is your action plan?

Can you afford it immediately or would you prefer to save up, pay in installments, etc

Step 5: How will you stick to the plan?

Give yourself targets according to your action plan and put yourself in check to ensure that you stick to the plan.

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irakobra [83]

Answer:

1. a. $560,000

  b. $13,400,000

  c. $7,700,000

Explanation:

The computation of the depreciation expense and the year end book value for the first year is shown below:

a) Straight-line method:

= (Purchase value of airplane - residual value) ÷ (useful life)

= ($33,500,000 - $5,500,000) ÷ (5 years)

= ($28,000,000) ÷ (5 years)  

= $560,000

In this, the depreciation expense is same for all the remaining useful life

(b) Double-declining balance method:

First we have to find the depreciation rate which is shown below:

= Percentage ÷ useful life

= 100 ÷ 5

= 20%

Now the rate is double So, 40%

In year 1, the original cost is $33,500,000, so the depreciation is $13,400,000 after applying the 40% depreciation rate

(c) Units-of-production method:

= (Purchase value of airplane - residual value) ÷ (estimated miles)  

= ($33,500,000 - $5,500,000) ÷ ($4,000,000 miles)

= ($28,000,000) ÷ ($4,000,000 miles)  

= $7 per miles

Now for the first year, it would be  

= Expected miles in first year × depreciation per miles

= 1,100,000 miles × $7 per miles

= $7,700,000

Now the book value would be

Straight-line method:

= Acquired value of a plain - accumulated depreciation  

= $33,500,000  -  $560,000

= $32,940,000

Double-declining balance method:

= Acquired value of a plain - accumulated depreciation  

= $33,500,000  - $13,400,000

= $20,100,000

Units-of-production method:

= Acquired value of a plain - accumulated depreciation  

= $33,500,000  - $7,700,000

= $25,800,000

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3 years ago
A company had sales revenue of $900,000 for the year. In addition, the following information is available related to the cost of
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2 years ago
The first step in process flowcharting is to__________ A. draw the flowchart. B. break the process down into blocks. C. assemble
stepladder [879]

Answer: D. Select an appropriate transformation process for analysis

Explanation: A flow chart also known as a flow diagram is a schematic representation of how the different stages in a process are interconnected in sequential order. flowchart is a picture of the separate steps of a process in sequential order. It can be adapted for a variety of purposes including manufacturing, administrative, services processes or project plans. The first step in flowcharting is to select the appropriate transformation process for analysis. This involves defining the processes to be diagrammed, discussing and deciding its boundaries or limits: where it would start, where it would end etc. to drawing several major blocks that represent the most important steps in the process.

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3 years ago
Affiliate marketing is _____.
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Answer:

the practice of advertising the products and services of several companies on Web pages, blogs, and streaming music services, among other outlets and paying compensation for either the referral or the sale

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Harlan Mining Co. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise i
cupoosta [38]

Answer:

The cash received from customers under the direct method is $8,256,000.

Explanation:

Given:

Beginning accounts receivable = Accounts receivable on 12/31/21 = $216,000

Ending accounts receivable = Accounts receivable on 12/31/22 = $360,000

Sales revenue = $8,400,000

Therefore, we have:

Cash received from customers = Beginning accounts receivable + Sales revenue - Ending accounts receivable = $216,000 + $8,400,000 - $360,000 = $8,256,000

Therefore, the cash received from customers under the direct method is $8,256,000.

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2 years ago
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