Answer:
a. $22,500
Explanation:
The computation of the depreciation expense using the straight line method is shown below:
= (Original cost - salvage value) ÷ (useful life)
= ($750,000 - $75,000) ÷ (10 years)
= ($675,000) ÷ (10 years)
= $67,500
In this method, the depreciation is same for all the rest of the useful life
Now for 4 months, it would be
= $67,500 × 4 months ÷ 12 months
= $22,500
The four months is calculated from January 1 to May 1
Answer:
c
Explanation:
lie is not the right term to use in this situation because the salesperson didn't really lie its more of he left some facts about the expensive converter box which is best expressed as omission
Answer:
$247,300
Explanation:
Given that
Invested amount = Present value = $11,2000
Time = 10 years × 4 quarter = 40
The rate = 8% ÷ 4 = 2%
So, we have to applying the future value formula which is presented below:
Future value = Present value × (1 + interest rate)^ time period
= $112,000 × (1 + 0.02)^40
= $112,000 × 1.02^40
= $112,000 ×2.2080396636
= $247,300
Answer:
The correct answer is option C.
Explanation:
A drought adversely affects the production of crops causing the supply of agricultural products to decline. Because of the decline in supply, the supply curve for agricultural products will shift to the left. This implies that at any given price, a quantity lower than earlier will be supplied.
Good weather, on the other hand, positively affects the production of crops. This causes supply to increase. As a result, the supply curve will shift to the right, implying, an increase in the quantity supplied at each price level.
1= A. Balancing a back account
2= B. bank statement
