Importance of planning such as an Intervention

Voltage industries, a calendar-year company, purchases equipment for $85,000 on january 2nd, 2017. the equipment's expected usef

stich3 [128]

Double-declining-balance rate:

By straight-line method, annual depreciation expenses = (85,000-5,000)/5 = $16,000

Rate of depreciation = 16000/(85,000-5,000) = 0.2 = 20%

Then, double-declining-balance rate = 2*Straight-line rate = 2*20 = 40%

From 2nd January 2017 to 31st December 2018 can be approximated as 1 year.
Therefore,
Depreciation expense in yr 1 = 40/100 * 85,000 = $34,000

And,
Book value at December 31 2018 = $85,000 - $34,000 = $51,000

It can be seen that the correct answer is b.

3 0

4 years ago

Your answer is partially correct. Prepare the amortization schedules Sunland will use over the lease term. SUNLAND COMPANY Lease

sasho [114]

Answer:

c

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7 0

3 years ago

Richards Corporation had net income of $275,132 and paid dividends to common stockholders of $48,300. It had 57,200 shares of co

rjkz [21]

Answer:

The Price-earnings ratio is 14.88 (to two decimal places)

Explanation:

The Price-earnings ratio (P/E ratio) is a measure of the relationship between a company's stock price and its earning per share of issued stock. Mathematically, P/E ratio is calculated by dividing a company's current stock price by its earnings per share:

P/E ratio = current stock price ÷ earnings per share

current stock price = $59 per share

Earning per share = ???

Next we are going to calculate the earnings per share (EPS) by using the following formula:

EPS = (net income - dividend paid) ÷ (number of shares outstanding)

EPS = (275,132 - 48,300) ÷ (57,200)

EPS = 3.966

∴ P/E ratio = current stock price ÷ Earning per share (EPS)

P/E ratio = 59 ÷ 3.966 = 14.876 = 14.88 (to two decimal places)

5 0

4 years ago

The balance in Santee Company's Cash account on May 31 was $3,492.50 before the bank re conciliation statement was prepared, Aft

NISA [10]

Answer:

$3,561.25

Explanation:

Statement showing computations

Particulars Amount

Cash balance per books 3,492.50

Service Charges (6.25)

Note Collected by Bank 450.00

NSF Check from Customer (375.00)

Adjusted amount of Cash 3,561.25

Therefore, The adjusted amount of Cash that should be reported for May 31 is $3,561.25

8 0

4 years ago

“If I want to offer a member rewards program to dog owners who use our facility regularly and seek feedback from those who use i

Reptile [31]

The answer is customer relationship management system. This is a term that discusses about practices, approaches and technologies that companies use to accomplish and examine customer relations and data during the course of the customer lifecycle, with the objective of improving business relationships with customers, assisting in customer retention and driving sales growth. These systems are intended to accumulate information on customers across different channels. CRM systems can likewise offer customer-facing staff detailed information on customers' personal information, buying preferences purchase history, and concerns.

3 0

4 years ago

Importance of planning such as an Intervention​

Importance of planning such as an Intervention