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3 years ago

Anthony has a college savings account with $8,657 in it. He has $347 in his checking account.

Business

1 answer:

sasho [114]3 years ago

7 0

Answer:

$13,363

Explanation:

Net-worth is the difference between an individual's assets and liabilities. In other words, net-worth is equal to assets - liabilities.

Anthony's assets

College savings account $8,657

checking account $347

Cash $45

Pair of Jordan's $4500

Total assets $13,549

His liabilities

A personal loan from Yenny $186

Net-worth = $13,549- $186

=$13,363

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A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. Wha

allochka39001 [22]

Answer:

The answer is: $18, 750

Explanation:

The double-declining-balance(DDB) method entails computing depreciation of an asset at an accelerated rate. This method is employed when the asset loses value quickly and is expected to generate more revenue at the earlier stages of its useful life. The depreciation is higher at the beginning and lower close to the end of the asset's useful life. The depreciation is computed as follows:

Depreciation = 2 * straight line depreciation percentage * Book value at the beginning of the period

Machine cost: $75, 000

Residual Value: $5, 000

Estimated Life: 4 years/18, 000 hours

Straight line depreciation percentage : 100/4 = 25%

Depreciation Year 1 on DDB = 2 * 25% * $75, 000

= $37, 500

Depreciation Year 2 on DDB = 2 * 25% * ($75, 000 -$37, 500)

= $18, 750

4 0

3 years ago

On March 1, Lincoln sold merchandise on account to Amelia Company for $27,300, terms 1/10, net 45. On March 6, Amelia returns me

xenn [34]

Answer:

Explanation:

The journal entries are shown below:

Accounts receivable A/c Dr $27,300

To Sales A/c $27,300

(Being goods are sold on credit)

Sales return and allowance A/c Dr $3,000

To Accounts receivable $3,000

(Being sales return is recorded)

Cash A/c Dr $24,057

Sales Discount A/c Dr $243

To Accounts receivable $24,300

(Being cash received recorded)

The computation of the account receivable

= Credit sales - returned goods

= $27,300 - $3,000

= $24,300

And, the discount would be

= Accounts receivable × percentage given

= $24,300 × 1%

= $243

The remaining amount would be credited to the cash account.

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4 years ago

________ company emphasizes its home country culture throughout its operations, and it tends to staff key positions abroad with

photoshop1234 [79]

Answer:

The correct answer is letter "C": An ethnocentric.

Explanation:

An ethnocentric company is the type of organization that promotes the culture of its own culture among employees and focuses on providing local workers with the best opportunities possible so they can be competitive. These firms have a nationalistic approach and have the main goal of contributing to their country's development.

7 0

3 years ago

Please list all technical and software knowledge and skills:

MAVERICK [17]

Technical skills and software skills are most important for jobs in the IT (Information Technology) sector. Some of the most wanted technical skills and knowledge are: coding and programming (some programming languages are Java, C, C++, Visual Basic, PHP, Python,...), project management (being able to lead and organize project, to delegate tasks and measuring the success of the project), big data analysis (being good at collecting, organizing and working with data), social media experience (experience and working in various social media platforms).

4 0

4 years ago

An investment project has annual cash inflows of $4,300, $4,000, $5,200, and $4,400, for the next four years, respectively. The

xeze [42]

Answer:

1.64 years

2.27 years

3.13 years

Explanation:

Discounted payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative discounted cash flows

Present value of cash flow in year 1 = 4300 / 1.13 = 3805.31

Amount recovered in year 1 = -5800 + 3805.31 = -1994.69

Present value of cash flow in year 2 = 4000 / (1.13^2) = 3132.59

Amount recovered in year 2 =-1994.69 + 3132.59 = 1137.90

Payback period = 1 + 1994.69/3132.59 = 1.64 years

Present value of cash flow in year 1 = 4300 / 1.13 = 3805.31

Amount recovered in year 1 = -7900 + 3805.31 = -4094.69

Present value of cash flow in year 2 = 4000 / (1.13^2) = 3132.59

Amount recovered in year 2 = -4094.69 + 3132.59 = -962.10

Present value of cash flow in year 3 = 5200 / (1.13^3) = 3603.86

Amount recovered in year 3 = -962.10 + 3603.86 = 2641.76

Payback period = 2 years + -962.10 / 3603.86 = 2.27 years

Present value of cash flow in year 1 = 4300 / 1.13 = 3805.31

Amount recovered in year 1 = -10900 + 3805.31 = -7094.69

Present value of cash flow in year 2 = 4000 / (1.13^2) = 3132.59

Amount recovered in year 2 = -7094.69 + 3132.59 = -3962.10

Present value of cash flow in year 3 = 5200 / (1.13^3) = 3603.86

Amount recovered in year 3 = -3962.10 + 3603.86 = -358.24

Present value in year 4 = 4400 / (1.13^4) = 2698.60

Amount recovered in year 4 = -358.24 + 2698.60 = 2340.36

Payback period = 3 years + 358.24 + 2698.60 = 3.13 years

7 0

3 years ago