Which of the following is a characteristic of a public good?

Straight-Line Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1, 2019. The truck is expec

Ket [755]

Answer:

Annual depreciation= $7,996

Explanation:

Giving the following information:

Purchase price= $42,000

Useful life= 5 years

Salvage value= $2,020

<u>To calculate the annual depreciation under the straight-line method, we need to use the following formula:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (42,000 - 2,020) / 5

Annual depreciation= $7,996

5 0

3 years ago

Last weekend, Bob attended the university football game. At the opening kickoff, the crowd stood up. Bob therefore had to stan

Tatiana [17]

Answer:

a non-cooperative game strategy, where participants independently choose their strategy to maximize their payoffs.

Explanation:

From the question, we are informed about Bob, who attended the university football game last week . At the opening kickoff, the crowd stood up. Bob therefore had to stand up as well to see the game. In this case, Bob was participating in a non-cooperative game of strategy, where participants collectively choose their strategy to maximize their joint payoffs. Non-cooperative game strategy can be regarded as the rational ways economic agent relate with each other so that their goals can be achieved. In this game both the available strategies as well as the outcome from various choices will be listed.

6 0

2 years ago

A card from a 52 card deck is lost. We then draw 2 cards from the 51 remaining cards. What is the probability they are both diam

Nonamiya [84]

Answer:

$\frac{1}{17}$

Explanation:

Let D be the event that the lost card is a diamond

and D' be the event that the lost card is a non diamond

Therefore,

P(D) = $\frac{13}{52}$ = 0.25

P(D') = $\frac{39}{52}$ = 0.75

Now,

Event that the cards picked up are both diamonds = A

Thus,

P( A | D) = $\frac{12}{51 }\times\frac{11}{50}$ [ As One Diamond Card is lost ]

And,

P(A | D') = $\frac{13}{51}\times\frac{12}{50}$ [ As One Non-Diamond card is lost ]

Therefore,

P(A) = P(D) × P(A | D) + P(D') × P( A | D')

= 0.25 × $\frac{12}{51 }\times\frac{11}{50}$ + 0.75 × $\frac{13}{51}\times\frac{12}{50}$

= $\frac{1}{17}$

3 0

3 years ago

Sadler Corporation purchased equipment to be used in manufacturing. The purchase was made at the beginning of 2015 by paying cas

beks73 [17]

Answer:

a) Debit Depreciation expense $14,000

Credit Accumulated depreciation $14,000

Being entries to record depreciation expense for 2016

b) Debit Depreciation expense $26,666.67

Credit Accumulated depreciation $26,666.67

Being entries to record depreciation expense for 2017

The effect of a change in estimate is a reduction of the annual depreciation from $14,000 to $26,666.67 (increase of $12,666.67) annually

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset

Mathematically,

Depreciation = (Cost - Salvage value)/Estimated useful life

Annual depreciation

= (150,000 - 10,000)/10

= $14,000

At the beginning of 2017,

Net book value of asset

= $150,000 - 2($14,000)

= $124,000

If Sadler concluded that the total useful life of the equipment will be 8 years rather than 10, and that the residual value will be zero.

Depreciation expense for 2017

= $124,000/6

= $26,666.67

5 0

3 years ago

Residual, a company that manufactures soda, offers its latest products at very low prices. Residual's strategy is based on the a

Yuri [45]

Answer:

"Penetration pricing" is the right answer.

Explanation:

This seems to be a payment category for clients throughout the beginning design phase of the project commodity that the lender spends relatively cheap prices.
This enables everything to infiltrate the competition or marketplace as well as overthrow its potential competitors, and here's the similar thing.

Thus the above is the appropriate solution.

7 0

2 years ago