Answer: Madam C. J Walker
Explanation: Madam C.J Walker was an entrepreneur, who made her fortune from the manufacture of hair care product for blacks through her company named Madam C. J Walker manufacturing company situated in Indianapolis, Indiana. She was regarded as the first African American millionaire, earning her fortune through her entrepreneurial skill. She's fondly renowned for her philanthropic accomplishments and contribution towards the African American community.
Answer:
Explanation:
The computation of the depreciation expense under straight-line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($42,000 - $1,990) ÷ (5 years)
= ($40,010) ÷ (5 years)
= $8,002
In this method, the depreciation is same for all the remaining useful life
The journal entries are shown below:
For 2019
Depreciation expense A/c Dr $8,002
To Accumulated Depreciation A/c $8,002
(Being depreciation expense is recorded)
For 2020
Depreciation expense A/c Dr $8,002
To Accumulated Depreciation A/c $8,002
(Being depreciation expense is recorded)
To complete the above question, please see below:
Sub-Prime Loan Company is thinking of opening a new office, and the key data are shown below. The company owns the building that would be used, and it could sell it for $100,000 after taxes if it decides not to open the new office. The equipment for the project would be depreciated by the straight-line method over the project's 3-year life, after which it would be worth nothing and thus it would have a zero salvage value. No change in net operating working capital would be required, and revenues and other operating costs would be constant over the project's 3-year life. What is the project's NPV? (Hint: Cash flows are constant in Years 1-3.)
<span>WACC 10.0% </span>
<span>Opportunity cost $100,000 </span>
<span>Net equipment cost (depreciable basis) $65,000 </span>
<span>Straight-line depreciation rate for equipment 33.333% </span>
<span>Annual sales revenues $123,000 </span>
<span>Annual operating costs (excl. depreciation) $25,000 </span>
<span>Tax rate 35%
</span>
The answer is <span>12,271</span>
Answer:
$0.20 per miles, $6,400, $6,540
Explanation:
The calculation of the depreciation per unit and its expense method is presented below:
= (Original cost - residual value) ÷ (estimate driven miles)
= ($33,600 - $200) ÷ (167,000 miles)
= ($33,400) ÷ (167,000 miles)
= $0.20 per miles
Now for the 2021 year, it would be
= Miles driven in 2021 year × depreciation per miles
= 32,000 miles × $0.20
= $6,400
And, in 2022, it would be
= Miles driven in 2022 year × depreciation per miles
= 32,700 miles × $0.20
= $6,540
Answer:B exist to benefit a cause but not to make a profit.
Explanation:
They are to provide services which are useful to the members of the society at large. They exist to promote the interest of members of the public which are social in nature. With a view to ensure the smooth running of the organisation some individuals are elected to run the organisation in the position of chairman, secretary, and treasurer. They do prepare receipt and payment account which is similar to cash account while some do prepare income and expenditure account which is similar to profit and loss account.
