The number of years it will take for the guitar to be valued at $768 given the initial value and the rate of depreciation is four years.
In how many years will the guitar be valued at $768?
When an asset depreciates,it means that with the passage of time, the value of he asset declines.
Number of years = (In FV / PV)/r
FV= future value = 768
PV = present value = 1875
r = rate of depreciation =20
(In 768 / 1875) / 0.2 = 4 years
What is the rate of depreciation?
Depretiation is the systematic allocation of the depreciable amount of an asset over its useful life.
The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value.
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Answer:
The controllable variance for the month was $1,709 unfavorable
Explanation:
Controllable variance: The controllable variance show a difference between actual overhead expenses incurred and budgeting operating level based on direct labor hour.
In mathematically,
Controllable variance = Actual overhead expenses - budgeting operating level based on direct labor hour
where,
Actual overhead expenses = $11,227
And, budgeted operating level based on direct labor hour
= budgeted operating level × direct labor per hour
= 6,160 × $2.10
= $12,936
Now, put these values on the above formula:
So,
Controllable variance = $11,227 - $12,936 = $1,709 unfavorable
Hence, the controllable variance for the month was $1,709 unfavorable
I would say D, you don’t need a million dollar death benefit if you have no one to claim it.
Answer: <em>a. Multiplier = 3.33</em>
<em>b. Stimulation = $2000 billion</em>
Explanation:
In this particular case , it's given:
Marginal propensity to consume(MPC) = 0.7
Government spending = $600 billion
Therefore, we can evaluate the multiplier using the following formula:
Multiplier = 3.33
Noe, in order to find the stimulation in the economy we will multiple the new government spending with the multiplier. We will get ;
Stimulation = $2000 billion
Answer:
Net cash provided by operating activities is $45,940
Net change in cash during the year is $56,030
Explanation:
Net cash provided by operating activities = Net income $43,400 + Depreciation expense 5,490 - Increase in accounts receivable 11,440 + Increase in accounts payable 8,490 = $45,940
Net change in cash during the year = Net cash provided by operating activities $45,940 - Dividends paid 5,210 - Purchase of equipment (capital expenditure) 8,720 + Issue of notes payable 24,020 = $56,030
