Answer:
2019 = 2750
2020 = 5500
Explanation:
Given that:
Cost of truck = $36000
Salvage value = $3000
Useful life = 120, 000 miles
(Cost of asset - salvage value) / useful life
(36000 - 3000) / 120,000 = 0.275
2019 : 0.275 x 10,000 = 2750
2020 : 0.275 * 20000 = 5500
Answer:
the total stockholders' equity will be $63,400
Explanation:
The Balance Sheet uses the Accounting Equation. Accounting Equation is stated as :
Assets = Equity + Liabilities
Also stated differently the Accounting equation will be
Equity = Assets - Liabilities
Where,
Assets = $68,800
Liabilities = $5,400
Therefore,
Equity = $68,800 - $5,400
= $63,400
Conclusion
The total stockholders' equity will be $63,400
A surplus of a product will arise when price is, above equilibrium, with the result that quantity supplied exceeds quantity demanded.
<h3>What will a surplus of a product lead to?</h3>
The amount of utility or value that consumers and producers receive as a result of transactions is referred to as surplus in economic theory. Karl Marx explicitly theorized the economic idea of surplus product in his critique of political economy.
When the amount supplied exceeds the amount required, there is an excess supply, which is known as a market surplus. Consequently, some producers won't be able to sell all of their products. To make their goods more appealing, they will be compelled by this to reduce its price. Every producer and consumer in an economy seeks to increase excess in order to increase utility.
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The change in the Consumer Price Index shows that the inflation rate for that one-year period is 20%.
<h3>What is the inflation rate?</h3>
This can be found by the formula:
= (New CPI - Old CPI) / Old CPI x 100%
Solving gives:
= (240 - 200) / 200 x 100%
= 40 / 200 x 100%
= 20%
In conclusion, inflation is 20%.
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Answer:
C. The financial manager's most important job is to make the firm's investment decisions.
Explanation:
Finance managers are responsible for maintaining the financial health of the company. He uses tools like financial reports, industry trends, and investment news to make financial decisions that will ensure firm meets its financial goals.
They analyse financial information to get valuable insights for business growth.