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Fittoniya [83]
3 years ago
10

Sheridan Chemicals Company acquires a delivery truck at a cost of $27,200 on January 1, 2022. The truck is expected to have a sa

lvage value of $4,300 at the end of its 5-year useful life. Compute annual depreciation for the first and second years using the straight-line method.
Business
1 answer:
umka2103 [35]3 years ago
6 0

Answer:

$4,580 and $4,580

Explanation:

The depreciation expense computation for the first and second year under straight line method is as see below;

= Original cost - Residual value / Useful life

= ($27,200 - $4,300) / 5yrs

= $22,900 / 5yrs

= $4,580

With regards to using the straight line method, the depreciation value is the same for all the remaining useful years.

It therefore means that for the first and second year, the same depreciation value of $4,580 should be charged distinctly for each year.

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Gates Appliances has a return-on-assets (investment) ratio of 19 percent. a. If the debt-to-total-assets ratio is 20 percent, wh
kap26 [50]

Answer:

23.8%

Explanation:

Gates appliances has a return-on-assets(investment) of 19%

The debt-to-total-assets ratio is 20%

Therefore, the return on equity can be calculated as follows

Return on equity= Return on assets(investment)/(1-debt/asset)

= 19/(1-20/100)

= 19/(1-0.2)

= 19/0.8

= 23.8%

Hence the return on equity is 23.8%

4 0
3 years ago
paid an annual dividend of $1.47 a share last month. The company is planning on paying $1.55, $1.63, and $1.65 a share over the
larisa [96]

Answer:

The market price for this stock is $15.23

Explanation:

The price per share of a stock today can be calculated using the dividend discount model which values a stock based on the present value of the expected future dividends of the stock. The value of this stock using the DDM will be,

V0 or P0 =  1.55 / (1+0.11)  +  1.63 / (1+0.11)^2  +  1.65 / (1+0.11)^3  +  

[ ( 1.7 / 0.11) / (1+0.11)^3 ]

V0 or P0 = $15.226 rounded off to $15.23

8 0
3 years ago
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List at least three things you would consider when choosing a bank and account type. (1-3 sentences
svetoff [14.1K]

Answer:

Me I would find out everything I need to know I would check to see what’s there Star are see how many complain and how long they been open ETC

Explanation:

5 0
3 years ago
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Why is it important now for HR management to transform from being primarily administrative and operational to becoming more of a
Studentka2010 [4]

Explanation:

Human resource management is increasingly relevant for a company to be successful, competitive and well positioned in the market. It is correct to affirm that it is important that HR ceases to be basically administrative and operational to become a general strategic contributor in a company due to the fact that management is going through a phase in which organizations have well-defined social and environmental responsibilities most demanded in a competitive and globalized world.

Therefore, the valorization of human capital in an organization is increasingly essential and strategic, because through professionals satisfied with their working conditions, well trained and motivated, the objectives are achieved more effectively, there is a greater attraction of quality professionals, greater innovation, greater productivity, continuous improvement of processes and the creation and maintenance of an organizational culture focused on ethical and collaborative practices in order to achieve organizational objectives.

6 0
3 years ago
Jody manages the sales team for a sports equipment manufacturer. sales have been slipping downward at an alarming rate. she call
muminat

Answer: Directive Leadership

Jody manages the sales team for a sports equipment manufacturer. Sales have been slipping downward at an alarming rate thus Jody called a department meeting and set sales goals that the team need to meet. She doesn't care how they meet their goals; she just wants them to do it. Based on this path-goal theory, Jody is using a <span>directive style of leadership.</span>

3 0
3 years ago
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