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oee [108]
3 years ago
13

Oakland Tax Planning Service bought computer equipment for on January​ 1, 2018. It has an estimated useful life of four years an

d zero residual value. Oakland uses the straightline method to calculate depreciation and records depreciation expense in the books at the end of each month. Calculate the amount of Depreciation Expense for the​ period, January​ 1, 2018 through September​ 30, 2018, for this equipment.​ (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.)
A. $6,000

B. $6,500

C. $4,500

D. $5,000
Business
1 answer:
sergejj [24]3 years ago
4 0

Answer:

C. $4,500

Explanation:

The computation of the depreciation expense using the straight-line method is shown below:

= (Cost - residual value) ÷ Useful life of the asset  

= $24,000 ÷  48 months  

= $500  

Now for 9 months, it is

= $500 × 9 months

= $4,500

Hence, the depreciation expense is $4,500

Therefore the correct option is c. $4,500

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Winsted Co. purchased a bond on December 1 of the current year for $ 49 comma 000 and classified the investment as trading. The
Anettt [7]

Answer:

Net income = $3000

C. $ 3 comma 000

Explanation:

For a company, net income is the residual amount of earnings after all expenses have been deducted from sales. In short, gross income is an intermediate earnings figure before all expenses are included, and net income is the final amount of profit or loss after all expenses are included.

In this case.. There is only a buy and a sell trade.

Net income= selling price- cost price

Net income= $52000-$49000

Net income = $3000

4 0
3 years ago
the text presents three arguments in support of global advertising. what are those three arguments? multiple select question.
anyanavicka [17]

Informative, Persuasive, Reminder

Advertising that is informative raises people's awareness of brands, services, goods, and concepts. It can educate people about the features and benefits of new or established products as well as new programs and products.

Persuasive advertising works to change people's perceptions of a company or product and improve its image by trying to persuade them that its services or products are the best. Its objective is to convince customers to act and switch brands, try new products, or stick with one brand.

People are reminded about the need for a product or service or the features and benefits it will provide if they buy it quickly in reminder advertising.

To know more about advertising visit brainly.com/question/3163475?referrer=searchResults

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4 0
1 year ago
Suppose the median household earned $9,242 in 1976 and $52,624 in 2016. During that time, also suppose the CPI rose from 45.6 to
Mekhanik [1.2K]

Answer:

a) 469.40%

b) 18.15%

Explanation:

a)

Total nominal growth rate = (\frac{\textup{Earned income in 2016}}{\textup{Earned income in 1976}}-1)\times100\%

thus,

Total nominal growth rate = (\frac{\textup{52,624}}{\textup{9,242}}-1)\times100\%

= 469.40%

b) Total real growth rate = (\frac{\textup{Real earned income in 2016}}{\textup{Real earned income in 1976}}-1)\times100\%

now,

Real earned income in 1976 = \frac{\textup{Earned income in 1976}}{\textup{CPI in 1976}}

=  \frac{\textup{9,242}}{\textup{45.6}\%}

= $20,267.54

and,

Real earned income in 2016 = \frac{\textup{Earned income in 2016}}{\textup{CPI in 2016}}

=  \frac{\textup{52,624}}{\textup{219.75}\%}

= $23,947.21

Therefore,

Total real growth rate = (\frac{\textup{23,947.21 }}{\textup{20,267.54 }}-1)\times100\%

= 18.15%

4 0
3 years ago
Choosing a differentiated targeting strategy has many​ benefits, but a potential downside is that​ __________.
Nesterboy [21]
<span>it requires a company or individual divide resources on multiple targets rather than one. Therefore, one must use these resources more efficiently because he or she is using the same amount, usually concentrated on one target, on multiple. A company should only use this strategy if it is extremely confident in its ability to market simultaneously to multiple groups.</span>
4 0
3 years ago
Which of the following executive roles is responsible for overall priority setting, project selection and prioritization, genera
SVETLANKA909090 [29]

Answer:

Letter a is correct. <u>Steering team.</u>

Explanation:

Steering team  in a project correspond to the highest hierarchy of a project, which is responsible for the decision-making process, and is composed of all representatives involved in the project, the directors, specialists and units of the company, who will join efforts to assist with methodological and technical advantages for the project to proceed as planned.

The main function of the steering teams is to monitor the project, in order to control the steps in order to carry out the project, establish the budget, support the managers, set objectives, allocate necessary resources, etc.

6 0
3 years ago
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