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Ulleksa [173]
3 years ago
13

A refrigerator used by a wholesale warehouse has a cost of $64,000, an estimated residual value of $5,200, and an estimated usef

ul life of 12 years. What is the amount of the annual depreciation computed by the straight-line method
Business
1 answer:
PilotLPTM [1.2K]3 years ago
3 0

Answer:

(64,000- 5,200 = 58,800).

Explanation:

Subtract your originial cost from the residual value. (64,000- 5,200 = 58,800).

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Simora [160]

Answer: b. An investor will be able to sell these shares for a higher price and make a profit.

Explanation:

Capital gains are a way to earn a return from owning stock in a company. They involve buying stock at a certain price and then selling the stock when the price increases. The difference between the selling and the buying prices is your capital gain.

This is the benefit to the investor here. If they buy a stock that grows with the company. They will be able to sell at a higher price eventually such that they will make a capital gain.

6 0
3 years ago
Which adult below should AVOID hiring a financial adviser at this moment?
Dvinal [7]

Answer:

B. Mateo

Explanation:

He just graduated college therefore he has loans to pay back which could take a  long time and an advisor may not fit in to his budget right now.

3 0
3 years ago
Read 2 more answers
. The current spot exchange rate is $1.50/€ and the three-month forward rate is $1.55/€. Based on your analysis of the exchange
Andre45 [30]

Answer:

B) Buy €1,000,000 forward for $1.55/€.

Explanation:

To calculate the expected profit consider the following data and formula:

Amount in actions: 1.000.000

Spot exchange rate: 1.62

Three month forward calculation: 1.55

Expected profit=1,000, 000 *( 1.62 - 1.55) = 70,000.00.

6 0
4 years ago
The correlation coefficient between a selection test and job performance is 0. This means the selection test_________ .
Lesechka [4]

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(b) and job performance are unrelated

Explanation:

Correlation coefficient = 1 perfectly related

Correlation coefficient = 0 perfectly unrelated

Correlation coefficient of zero means the selection test and the job performance are unrelated. Hence, the correct answer is B

6 0
3 years ago
I'm 17 yrs old, I'm tryna get a debit card but I heard I need to be 18, can a prepaid or savings account card do the same job? (
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