Answer:
$5,000
Explanation:
The depreciation by Green Company in respect of truck for the first year of operations shall be calculated using the following mentioned formula;
Depreciation for the year= (Cost of asset-Residual value)/useful life
Cost of asset=$30,000
Residual value=$5,000
useful life=5
Depreciation for the year=($30,000-$5,000)/5=$5,000
Real estate commission fee
Answer:
Gain reported in 2019 is $200,000
Explanation:
The amount gained on Diamond's shares in 2017= (60-50)* 10,000= $100,000
Amount gained on Diamond's shares in 2018= (65-60)* 10,000= $50,000
Amount gained in 2019= (70-65)* 10,000= $50,000
So total gain reported in 2019= 100,000+ 50,000+ 50,000= $200,000
Answer: Leader-member exchange
Explanation:
Leader member exchange is the situation where the leader of a group or facility gets to introduce himself to a group; old or new, for business, instructions as regards their dealings and other things hey be doing.
Jonathan applied the leader member exchange when he wanted to know and present his offer to them.
Answer:
Controllable margin for the year = $40,000
Explanation:
Given:
Sales = $650,000
Contribution margin = $140,000
Total fixed costs (controllable) = $100,000
Average total operating assets = $280,000
Controllable margin for the year = ?
Computation of Controllable margin for the year :
Controllable margin for the year = Contribution margin - Total fixed costs (controllable)
Controllable margin for the year = $140,000 - $100,000
Controllable margin for the year = $40,000
