Answer:
The correct answer is $2,580.
Explanation:
Under straight-line method, depreciation expense is (cost - residual value) / No of years = ($15,350 - $3,200) / 6 years = $2,025 yearly depreciation expense.
Accumulated depreciation at Year 3 = $2,025 x 3 = $6,075
Net book value (NBV) becomes $15,350 - $6,075 = $9,275
New depreciation is ($9,275 - $1,535) / 3 years = $2,580 yearly depreciation expenses
<h2>•→ <u>Gross Profit </u><u>Margin </u>•→</h2>
#→<u> </u><u>Gross margin</u> is the difference between revenue and cost of goods sold (COGS), divided by revenue. Gross margin is expressed as a percentage. Generally, it is calculated as the selling price of an item, less the cost of goods sold (e. g. production or acquisition costs, not including indirect fixed costs like office expenses, rent, or administrative costs), then divided by the same selling price. "Gross margin" is often used interchangeably with "gross profit", however the terms are different: "gross profit" is technically an absolute monetary amount and "gross margin" is technically a percentage or ratio.
<h2>•→ <u>Net Profit </u><u>Margin </u>•→</h2>
#→<u> </u><u>The net profit margin</u>, or simply net margin, measures how much net income or profit is generated as a percentage of revenue. It is the ratio of net profits to revenues for a company or business segment. Net profit margin is typically expressed as a percentage but can also be represented in decimal form.
<h3 /><h3>I Hope This Helps You... </h3>
Answer:
depreciation expense 4,125 debit
accumulated depreciation 4,125 credit
Explanation:
computer equipment cost: 22,000
salvage value: zero
usefil life: 4
method of depreciation: straight-line
yearly depreciation: 5,500
Then, we need to depreciate from January 1st, 2018 to September 30th,2018
5,500 x 9/12 = 4,125 depreicaiton during the period
Answer:
C. maximizing profits
Explanation:
In the free market economy, productions and economic activities are conducted by individuals and privately owned firms. The government does not participate in economic activities in a market economy. Making profits is the primary reason why the private sector engages in business activities.
In the free market economy, the private sector owns the factors production. They risk their resources in producing goods and services to sell to the public. The reward for taking risks and for providing goods and services is the profits earned.