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3 years ago

Betty made a 20% profit on a residential lot she sold for $30,000. What did she pay for the property

Business

1 answer:

Ludmilka [50]3 years ago

3 0

Answer: $25000

Explanation:

From the question, we are informed that Betty made a 20% profit on a residential lot she sold for $30,000. Let the cost price of the property be represented by x.

Therefore, (100% + 20%) of x = $30000. This means that 120% of x = $30000.

120% × x = $30000

1.2x = $30000

x = $30000/1.2

x = $25000

Therefore, the amount paid for the property is $25000

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A factory machine was purchased for $393000 on January 1, 2018. It was estimated that it would have a $74000 salvage value at th

sweet [91]

Answer:

Annual depreciation= $41,470

Explanation:

Giving the following information:

Purchasing price= $393,000

Salvage value= $74,000

The machine would be run 30000 hours in the 5 years. The company ran the machine for 3900 actual hours in 2018.

To calculate the depreciation expense using the units of activity method, we need to use the following formula on each year:

Annual depreciation= [(original cost - salvage value)/useful life of production in hours]*hours operated

Annual depreciation= [(393,000 - 74,000)/30,000]*3,900

Annual depreciation= $41,470

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3 years ago

Policy analysts can estimate the value of a human life through ____.

nikklg [1K]

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3 years ago

Kim, chris, and beth are all partners in a cosmetics firm. kim is leaving the partnership and wants to sell her shares of the bu

Goryan [66]

The answer for your question is B

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3 years ago

The Organisation for Economic Co-operation and Development's requirement that personal data collected should be accurate, comple

yaroslaw [1]

Answer:

Data Quality Principle

Explanation:

Collected data is said to be relevant if it is a true representation of real world facts. If it is not then conclusions drawn from it will be incorrect.

Data should be complete, consistent, have integrity, and relevant for a specific use.

For example in marketing, a company uses names and contact information to promote their goods and services. The data needs to be correct and updated for it to be useful. Assume a customer has changed his address and phone number, and these were not updated. It will be difficult for the company to conduct business with him.

4 0

3 years ago

The market value of the equity of Skipper, Inc., is $720,000. The balance sheet shows $46,400 in cash and $230,700 in debt, whil

shutvik [7]

Answer:

3.34 times

Explanation:

The market value of skipper incorporation is $720,000

The balance sheet shows a cash of $46,400 and debt of $230,700

The income statement has an EBIT of $103,700

The depreciation and amortization is $166,900

The first step is to calculate the enterprise value

= Market capitalization + debt - cash

= $720,000 + $230,700 - $46,400

= $904,300

The EBITDA can be calculated as follows

= EBIT + depreciation and amortization

= $103,700 + $166,900

= $270,600

Therefore the enterprise value-EBITDA can be calculated as follows

= 904,300/270,600

= 3.34 times

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3 years ago