Use this equation: 102/300=x
x*100=the answer
for quicker reference: the answer is: the baseball player hit the ball 34% of the times he was at bat
Answer:
c. an estimate of a plant asset's value at the end of its useful life
Explanation:
The salvage value or the residual value is the estimated value of the fixed asset which can be received at the end of its useful life. So, neither it is a fair market value of a plant asset , nor it is deducted from the accumulated depreciation.
The treatment of the residual value under the straight-line method or any other method is shown below:
The depreciation expense under the straight-line method is shown below:
= (Original cost - residual value) ÷ estimated life in years
The residual value should always be deducted from the original cost of fixed asset
Answer:
New Trade Theory
Explanation:
New Trade Theory explains one reason why some countries specialize in specific industries for factors other than natural resources, quantity of labor force, or comparative advantage.
This reason is that some industries can only support a limited number of firms around the world. An example of this is the aeronautic industry, which only has a few players, with two giant firms dominating above all others: Boeing (US), and Airbus (Europe).
While the United States and the European Union can specialize in making planes through their respective giant companies, most other countries in the world cannot do so: they neither have the techology, nor the expertise, nor the capital to create a successful competitor for Aribus or Boeing. It is not even clear if the market needs or would support a third industry giant either.
Answer:
Explanation:
The computation of expense amount is shown below:
= Expenses - adjusted prepaid expense + adjusted accrued expense
= $35,200 - $500 - $450
= $34,250
The adjusted prepaid expense is computed by
= Ending balance of prepaid expense - beginning balance of prepaid expense
= $1,800 - $1,300
= $500
And, the The adjusted accrued expense is computed by
= Ending balance of accrued expense - beginning balance of accrued expense
= $1,200 - $1,650
= -$450
