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Tresset [83]
3 years ago
7

What does the SSN on the student financial application form mean?

Business
1 answer:
Murrr4er [49]3 years ago
5 0

Answer:

Social Security Number

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On October 1, 2022, Ivanhoe Company places a new asset into service. The cost of the asset is $87500 with an estimated 5-year li
Dimas [21]

Answer:

$3150

Explanation:

Given:

Cost of the asset purchased = $87500 (on 1st October. 2022)

Salvage value at the end of its useful life = $24500

Useful life estimated = 5 years

Question asked:

What is the depreciation expense for 2022 if Ivanhoe Company uses the straight-line method of depreciation?

Solution:

<u>As we know:</u>

Straight-Line\ Depreciation\ Expense=\frac{Cost\ - Salvage\ Value}{Useful\ Life\ of\ the\ Asset}

                                                               =\frac{87500-24500}{5} =\frac{63000}{5} =12600

Depreciation expenses per year = $12600

But we have to find depreciation expenses for 2022 for:-

From 1st October, 2022 to 31st December, 2022 = 3 months.

<em><u>Straight-Line Depreciation Expense for Partial Year = </u></em>

<em><u /></em>D\times\frac{N}{12} \\\\ D=Depreciation\ expense\ for\ a\ complete\ year.\\N= Number\ of\ months\ during\ which\ the\ fixed\ asset\ was\ available\ for\ use

Depreciation Expense for 3 months = 12600\times\frac{3}{12} =\frac{37800}{12} =3150

Therefore, the depreciation expense for 2022 if Ivanhoe Company uses the straight-line method of depreciation is $3150.

                                                             

5 0
3 years ago
When current output is greater than potential output, which of the given monetary policies is the Federal Reserve (the Fed) like
choli [55]

When the current output is more than the potential output the fed is likely to enact decreasing reserves to increase interest rates.

The reason why they would have to do this is based on the fact that when the actual output in the economy is more than the potential output, It means that there is an inflationary gap.

In order to close this gap, the fed would have to reduce the aggregate demand, thereby raising the rate of interest. This would in turn lead to the fall in consumption and fall in saving.

Read more on brainly.com/question/11417698?referrer=searchResults

7 0
3 years ago
Christopher Corp., a multinational technology firm, is working on an expansion plan to increase its market share. To understand
Svetllana [295]

Answer: External opportunity

Explanation: External opportunities refers to the opportunities that arise from the political , legal and economical factors of the environment in which the organisation operates in. These are called external opportunities as organisation have no control over them.

In the given case, due to some policy changes of the Govt., Christopher corp. gets benefit of potential profits and increased market share in the future.

Thus, we can conclude that it is an external opportunity.

4 0
3 years ago
A stock with a beta of 0.8 has an expected rate of return of 12%. If the market return this year turns out to be 5 percentage po
Sunny_sXe [5.5K]

Answer:

The correct answer is:  The expected rate of return for the stock would be around 7%.

Explanation:

The Beta coefficient is a numeral measure that portraits the volatility of a stock compared to the overall market performance. If a stock's beta is closed to the numerical value one (1) it implies it is highly correlated to the price movement of the overall market.

In that case, if a stock's beta is 0.8 it implies it follows the market price movements. If the stock expected rate return is 12% but the market return turns out to be 5% points below expectations, it means the stock's return would end up being around 7%.

8 0
3 years ago
A major advantage of the corporate form of ownership is ______. Multiple choice question. unlimited legal liability ease of form
irinina [24]

The major advantage of the corporate form of ownership is limited legal liability which means that the owner is limited to liability up to the tune of the amount that he invested in the company.

The corporate form of ownership means a business/organization that is operating as a legal entity, that is, it is run separate from the parties who own it.

In other word, the corporation which operates as legal entity is created for purpose of operating for profit for individuals, stockholders, shareholders etc

<u>Some </u><u>advantages </u><u>of </u><u>corporation </u><u>includes</u>

  • Owners has limited liability.
  • The easy transfer of ownership.
  • The corporations usually lasts forever.

In conclusion, the major advantage of the corporate form of ownership is limited legal liability which means that the owner is limited to liability up to the tune of the amount that he invested in the company.

Read more about this here

<em>brainly.com/question/1705632</em>

5 0
2 years ago
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