Answer:
Depreciation expense-Year 2 = $8840
Explanation:
It is important to note that the depreciation is based on the units-of-production method and in case of the truck, we take 100000 miles as its useful life or total units of production.
The depreciable value of the truck is Cost - salvage value,
Depreciable Value = 33000 - 7000 = 26000
The depreciation for year 2 based on units-of-production is,
Depreciation expense for year 2 = 26000 * 34000/100000 = $8840
Answer:
C. GDP in 2015 is $500 billion.
Explanation:GDP(GROSS DOMESTIC PRODUCT) is a macroeconomic measure that is used to describe the total monetary value of the goods and services rendered within an economy in a given period of time usually annually.
IT IS GENERALLY BELIEVED THAT THE HIGHER THE GROSS DOMESTIC PRODUCT (GDP) IN AN ECONOMY SIGNIFIES THAT THE ECONOMY IS EFFICIENT IN MANAGING ITS PRODUCTIVE RESOURCES AND THE PRODUCTIVITY OF THE ECONOMY IS HIGH.
Answer:
if this helps the US economic system is way worse than the Asian one
Answer:
d) in both statements
Explanation:
Demand is individual buyer's ability & willingness to buy a good, at given price, period of time. Supply is individual seller's ability & willingness to sell a good, at a given price, period of time.
Market Demand is all market buyers' ability & willingness to buy a good, at given price, period of time. It is horizontal, i.e quantity summation of individual demand curves, at respective prices.
Market Supply is all market sellers' ability & willingness to sell a good, at a given price, period of time. It is horizontal, i.e quantity summation of individual supply curves, at respective prices.
Market Equilibrium prices are quantities are determined based on, Market Demand & Market Supply equalisation (not individual demand, supply). So, 'in the corn market' , 'price of corn' are determined by market demand & market supply. Hence, using 'demand' & 'supply' in both statements is inapt.
Answer:
Option "B" is the correct answer to the following question.
Explanation:
Given:
Owner's equity (Opening) = $35,000
Net income = $30,000
Investments by owner = $15,000
Withdrawals = $5,000.
Owner's equity (Closing) = ?
Computation of closing equity:
Owner's equity (Closing) = Owner's equity (Opening) + Net income + Investments - Withdrawals
Owner's equity (Closing) = $35,000 + 30,000 + $15,000 - $5,000
Owner's equity (Closing) = $80,000 - $5,000
Owner's equity (Closing) = $75,000
