Answer:
option (A) $11,000
Explanation:
Given;
Miles drove in first year = 15,000
Miles drove in second year = 22,000
Cost of the truck = $175,000
Residual value = $25,000
Estimated life = 10 years or 300,000 miles
Now,
using the activity based method
Rate of depreciation per mile driven = 
or
Rate of depreciation per mile driven = 
or
= $0.5 per mile
also,
Number of miles driven in second year = 22,000 miles
Hence,
Depreciation for the second year
= Depreciation rate × Number of miles driven in second year
= 0.5 × 22,000
= $11,000
Hence,
The correct answer is option (A) $11,000
Explanation:
Internal Revenue Investigator:
The responsibility of Internal Revenue investigator is that to collect the taxes from people as well from corporation on time so that the Government can deliver service to the people.
Roles:
1. Review financial records of large businesses and corporations.
2. Review tax documents and returns for errors and inaccuracies
Federal Aid Coordinator:
To help the financial needy and to appreciate the merit student, Federal Aid coordinator will evaluate and find the candidates / students accordingly.
Roles:
1. Evaluate students applications for financial aid
2. Review policies and grant funds to students in need
3. Paralegal:
He/ She is the person who is assisting the lawyer in terms researching about the crime that has happened. In simple term we can call that as investigation.
Roles:
1. Gather evidence and prepare for court
2. Conduct research that is pertinent to a criminal case.
Answer:
Correct cash balance is $ 1,580
Explanation:
Balance as per cash book $ 1,681
Less: Bank charges $ ( 11)
Less: NSF cheques <u>$ ( 90)</u>
Adjusted balance per cash book <u> $ 1,580</u>
Balance per bank statement $ 1,484
Add: Deposits in transit $ 317
Less; Outstanding checks <u>$ ( 221)</u>
Adjusted balance per bank statement <u>$ 1,580</u>
Answer:
1) What is the size of Labor force
?
60 people are full time employed + 20 people who are part-time employed + 20 people who are unemployed = 100 people
2) What is the Unemployment rate?
20 people who are unemployed / 100 people = 0.2 or 20%
the unemployment rate includes only those people who do not have a job but are willing and able to work, and are currently looking for one.
Answer:
The correct option is c. $8.
Explanation:
Ken will maximize utility where the following equation holds:
MU of Sprite / Price of Sprite = MU of potato chips / Price of potato chips ................. (1)
Where;
MU of Sprite = Marginal utility of Sprite = 3
Price of Sprite = $1 per can
From the table in the question, equation (1) holds at the point where Marginal utility of potato chips is 6 since the Potato chips cost $2 per bag.
Substituting the values into equation (1), we have:
MU of Sprite / Price of Sprite = MU of potato chips / Price of potato chips => 3 / 1 = 6 / 2 = 3
Since when the marginal utility of potato chips that maximizes utility is 6, Ken consumes 4 Bags of Potato chips monthly and pays $2 per bag at this point, the amount he spends on potato chips each month can be calculated as follows:
Amount spent on potato monthly = Number of bags of Potato chips consumed monthly * Cost of potato chips per bag = 4 * $2 = $8
Therefore, the correct option is c. $8.
