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Scorpion4ik [409]
3 years ago
10

On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of $65,800. The band estimates

it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $2,000. During year 2017, the band performs 45 concerts. Compute the year 2017 depreciation using the straight-line method.
Business
1 answer:
horsena [70]3 years ago
7 0

Answer:

Annual depreciation= $15,950

Explanation:

Giving the following information:

On January 2, 2017, the Matthews Band acquires sound equipment for concert performances for $65,800.

The band estimates it will use this equipment for four years. It estimates that after four years it can sell the equipment for $2,000.

We need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (65,800 - 2,000)/4= $15,950

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Neporo4naja [7]

It is most accurate to say that successful niche marketing relies on a firm's Greater knowledge of customers need and its special reputation.

<h3>What is a marketing niche?</h3>

A niche has to do with the particular brand or the particular trade that a person that is focused on buying and selling does.

This is to say that the person that is focused here would be successful if they know what their customers demand from them and the ways that they can carry out their activities for a greater reputation. The niche has the brand of the business.

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1 year ago
How does the following transaction impact cash flow?
Sloan [31]

Answer:

Increase

The accounts receivable asset shows how much money customers who bought products on credit still owe the business; this asset is a promise of cash that the business will receive. Cash doesn’t increase until the business collects money from its customers.

5 0
3 years ago
Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,400 on January 15, 2017. On December 31, 2019, she sold all 1,000
Setler [38]
Her loss is her loss
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3 years ago
A brief description of the key points of the business plan
Elan Coil [88]
No more than two pages and should include the most important information from each section of the plan. it should open with a compelling story to persuade the reader that the business is going to succeed. then it should support the statement gathered through market research.
4 0
3 years ago
On April 1, Fisher Corporation borrowed $400,000 from its bank by signing a 9%, 5-year note payable. The note calls for 60 month
Andre45 [30]

Answer:

a)     3,000

b) 396,850

c)      2,976.38

d)  393,873.62‬

Explanation:

a) principal x rate x time = interest

 400,000 x 0.09 x 1/12 =  3,000

b) 6,150 - 3,000 = 3,150 principal payment

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c)  principal (carrying value) x rate x time = interest

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d) 396,850 - 2,976.38 = 393,873.62‬

3 0
3 years ago
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