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krek1111 [17]
2 years ago
5

On January 1, 2022, the Ivanhoe Company ledger shows Equipment $48,300 and Accumulated Depreciation $17,720. The depreciation re

sulted from using the straight-line method with a useful life of 10 years and a salvage value of $4,000. On this date, the company concludes that the equipment has a remaining useful life of only 2 years with the same salvage value. Compute the revised annual depreciation.
Business
1 answer:
Cerrena [4.2K]2 years ago
8 0

Answer:

$13,290

Explanation:

Straight line depreciation expense = (book value of asset - salvage value ) / useful  life

Book value of the asset = $48,300 - $17,720 = $30,580

($30,580  - $4,000) / 2 = $13,290

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A single database that collects data and feeds it into applications that support each of the company's business activities, such
Montano1993 [528]

Answer:

a) true

Explanation:

The Enterprise resource planning system is a single database that helps to collect data and feed into applications with a motive to support the various business activities like - purchases, production, distribution, sales, marketing, finance, human resource, information technology, etc

The aim of this system is to conduct each and every business activity in an effective and efficient manner so that each one can share the database so that tracking could be done that helps to reduce the time and cost.

4 0
3 years ago
A bond with par value of $1,000 has an annual coupon rate of 4.8% and currently sells for $970. What is the bond’s current yield
podryga [215]

Answer:

The Bond's Current yield = 4.95%

Explanation:

Annual coupon = Value of Bond * Annual Coupon rate

Annual coupon =  $1000 * 4.8%

Annual coupon =$48

The Bond Current yield =Annual coupon / Current price

The Bond Current yield =  $48 / $970

The Bond Current yield = 0.049485

The Bond Current yield = 4.9485

The Bond Current yield = 4.95%

8 0
3 years ago
Of all customers purchasing automatic garage door openers, 75% purchase chain-driven model. Let X = the number among the next 15
KIM [24]

Answer:

         P(X=x)=C(15,x)\cdot(0.75)^x\cdot(0.25)^{(15-x)}

Explanation:

The <em>probability mass function</em> (<em>PMF</em>), or <em>frequency function</em>, is the function that gives the probabilities that a <em>discrete random variable</em> take some values.

In this problem, it is requested the frequency function (PMF) for the <em>number of purchasers, among the next 15, who select a chain-driven model</em>.

Then , you need to find, the function that gives P(X=0), P(X=1), P(X=2), P(X=3), . . . up to P(X=15).

Such as any function, the frequency  function can be presented as a formula, as a table, or as a graph.

Note that the statement represents a binomial disbribution in which success is that a customer select a chain-driven model and the fail is that a cusotmer does not select a chain-driven model.

The binomial probability for X = the number among the 15 purchasers who select the chain-driven model is given by the formula:

           P(X=x)=C(n,x)\cdot(p)^x\cdot(1-p)^{(n-x)}

Where:

  •  C(n,x)=\dfrac{n!}{x!(n-x)!}
  •   n is the number of times the experiment is performed: 15 in our problem
  • p is the probability of succes: 0.75 in our problem
  • 1-p is the probability of fail: 0.25 in our problem

Then, substitute:

           P(X=x)=C(15,x)\cdot(0.75)^x\cdot(0.25)^{(15-x)}

That is the frequency function.

If you want to give it as a table you must find P(X=1), P(X=2), P(X=3), . . . up to P(X=15) using that function. That is not part of the question.

6 0
3 years ago
On May 10, Monty Corp. issues 1,900 shares of $4 par value common stock for cash at $13 per share. Journalize the issuance of th
Oduvanchick [21]

Answer:

May 10, 2020, 1,900 shares issued at $13

Dr Cash 24,700

    Cr Common stock 7,600

    Cr Additional paid in capital 17,100

The common stock account increases using the pay value as reference. For example, if the common stock account = $200,000 and the par value of the stocks = $4, then we know that the company has 50,000 common stocks outstanding.

If investors pay any amount over the stocks' par value, that amount must be reported as additional paid in capital, in this case for common stock.

8 0
3 years ago
You were hired as a consultant to Fenerbahce SK Company, whose target capital structure is 35% debt, 10% preferred, and 55% comm
qwelly [4]

Answer:

10.0775%

Explanation:

The formula to compute WACC is shown below:

= Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of  common stock) × (cost of retained earning)

= 0.35 × 6.50% × (1 - 0.40) + (0.10 ×6%) + (0.55 × 14.75%)

= 1.365% + 0.6% + 8.1125%

= 10.0775%

Simply we multiply the weighatge with the capital structure cost

3 0
3 years ago
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