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san4es73 [151]
3 years ago
7

Gourmet Shop purchased cash registers on April 1 for $18,000. If this asset has an estimated useful life of five years, what is

the book value of the cash registers on May 31?
Business
1 answer:
algol133 years ago
7 0

Answer:

$17,400

Explanation:

Given that,

Purchased cash registers on April 1 = $18,000

Estimated useful life of asset = 5 years

Using straight line depreciation method,

Depreciation:

= (Original cost - Salvage cost) ÷ Estimated useful life

= ($18,000 - $0) ÷ 5

= $3,600 per year

Two months depreciation:

= Depreciation per year × (2 ÷ 12)

= $3,600 × (1 ÷ 6)

= $600

Book value of the cash registers on May 31:

= Original cost - Two months depreciation

= $18,000 - $600

= $17,400

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tensa zangetsu [6.8K]

Answer:

none of the above

Explanation:

an eagle is a vertebrate,it has a vertebral column

a whale also has a back bone

symbiosis is a relationship where organisms interact and they both benefit

saprophytism is a state of feeding on dead organisms

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3 years ago
Billy never lets money stay in his pockets, he thinks if it is there he has to spend it. Often he spends it on useless "stuff".
AleksandrR [38]

Answer:

let him put it where he won't see them until It is enough for buying his wants

4 0
3 years ago
Read 2 more answers
Consider the following cost information for a pizzeria
HACTEHA [7]

The essential rule that makers utilize to figure out what blend of work and capital conveys yield at the least expense is cost minimization. Cost minimization is the primary guiding principle that producers use to determine which combination of labor and capital produces the most output at the lowest cost.

a) Because the total cost less the variable cost, the fixed cost is $300.

At a result of nothing, the main expenses are fixed expenses.

B) The change in total cost for each additional output unit is equal to marginal cost. Additionally, it is equivalent to the variation in variable cost for each additional output unit. As the quantity changes, the fixed cost does not change, so total cost equals the sum of variable cost and fixed cost. As a result, the increase in variable cost is proportional to the increase in total cost as quantity increases.

<h3>What is the formula for reducing costs?</h3>

The marginal product of capital is equal to the marginal product of labor divided by the rental price of capital in the cost minimization formula.

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8 0
2 years ago
Cooperton Mining just announced it will cut its dividend from $4.22 to $2.63 per share and use the extra funds to expand. Prior
erastova [34]

Answer:

The expected share price=$20.07

Explanation:

Step 1: Calculate the price/earnings to growth ratio(PEG) ;

PEG ratio=(Price/EPS)/EPS growth

where;

Price=Price per share

EPS=earnings per share=share price

EPS growth=share price growth

In our case;

Price per share=$4.22

Share price=$48.83

Share price growth rate=3.1%=

Replacing;

PEG ratio=(4.22/48.83)/3.1

PEG ratio=0.0279

Step 2: Calculate share price

PEG ratio=(Price per share/share price)/share price growth

where;

PEG ratio=0.0279

Price per share=$2.63

Share price=x

share price growth rate=4.7%

Replacing;

0.0279=(2.63/x)/4.7=2.63/4.7 x

4.7 x×0.0279=2.63

x=2.63/(4.7×0.0279)

x=20.07

The expected share price=$20.07

3 0
3 years ago
Suppose a price floor on sparkling wine is proposed by the Health Minister of the country of Vinyardia. What will be the likely
Elenna [48]

Answer:

The options for this question are the following:

A. Quantity demanded will decrease, quantity supplied will increase, and a shortage will result.; B. Quantity demanded will increase, quantity supplied will decrease, and a surplus will result.; C. Quantity demanded will decrease, quantity supplied will increase, and a surplus will result; D. Quantity demanded will increase, quantity supplied will decrease, and a shortage will result.

The correct answer is C. Quantity demanded will decrease, quantity supplied will increase, and a surplus will result.

Explanation:

There is a strong correlation between pricing (at prices higher than the equilibrium price) and the creation of excess supply. Following the analysis of supply and demand, if we start from an initial equilibrium situation (where the quantity demanded and supplied are equal) and the authority decides to set a much higher price, the quantity demanded of the product will decrease and, on the other hand, the quantity supplied will increase, so producers will want to sell more than consumers want to buy. The previous problem will be solved if the authority decides to lower the price of the product, since this encourages consumers to buy more and bidders to produce less.

8 0
3 years ago
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