Answer:
2018: 8 months
Depreciation= $916,67
2019: full year
Depreciation= $1375
Explanation:
Giving the following information:
Taco Hut purchased equipment on May 1, 2018.
Price: $15,000.
Residual value: $4,000
Useful life: 8 year
We need to calculate the depreciation for 2018 and 2019 using straight-line method:
Depreciation= (purchase price- residual value)/useful life
Depreciation= (15000-4000)/8= $1375
2018: 8 months
Depreciation=(1375/12)*8= 916,67
2019: full year
Depreciation= $1375
Yes According to the Mid Point Method The degree to which customers are receptive to price changes is gauged by their price elasticity of demand.
<u>WORKING OF MID POINT METHOD</u>
Demand is considered to be elastic if consumer behaviour changes significantly in reaction to a minor change in price, as opposed to inelastic if customers alter their purchasing behaviour very little in response to a large change in price.
- The percentage change in quantity subtracted from the percentage change in price represents the price elasticity of demand. The following formula may be used to calculate the percentage change in the number of oranges requested in this area using the midpoint method:
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Answer:
Because it denotes a high price relative to the prices of competing products, the price skimming is sometimes called a "market-plus" approach to pricing.
Explanation:
because it denotes a high price relative to the prices of competing products. this strategy works best when demand is greater than supply.
A cash cow is a portfolio business that generates operating cash flows over and above internal requirements, thereby providing financial resources that may be used to <u>finance new acquisitions, fund share buyback programs, or pay dividends.</u>
What is portfolio?
A portfolio is a group of financial investments such as stocks, bonds, commodity markets, cash, and cash equivalents, which may include closed-end funds and exchange traded funds (ETFs). People commonly believe that stocks, securities, and cash form the foundation of a portfolio. While this is frequently the case, it does not have to be the rule. A portfolio may include a diverse range of assets, such as real estate, art, and investments.
You can hold and manage your portfolio a do, or you can have it managed by a money manager, money manager, or another finance professional.
Therefore, the correct option is (B) cash cow
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Answer:
King = 29260
Boxer = 183740
Explanation:
The Distribution of Net income will be as follows.
Net Income $213000
<u>Less: Interest on Capital</u>
King 3000
Boxer <u>5550</u> (8550)
<u>Less: Salary</u>
Boxer <u>(125670)</u>
Residual Profit 78780
<u>Share of Profit</u>
King [78780 * 1/3] 26260
Boxer [78780 * 2/3] <u>52520</u>
<u />
King = 3000 + 26260 = 29260
Boxer = 5550 + 125670 + 52520 = 183740
