Answer:
Annual depreciation= $4,000
Explanation:
Giving the following information:
The cost of the machine was $29,000. Its estimated residual value was $9,000 at the end of estimated 5-year life.
<u>To calculate the depreciation expense, we need to use the following formula:</u>
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (29,000 - 9,000)/5
Annual depreciation= $4,000
No Decision have been made
Answer:
13 years
Explanation:
Note that, if we add the annual interest rate of 7.9% to $8000 [(0.079*8000)+8000] we get a total value of $8632. We perform random division of the 8632 with 11 12, 13 years we note that at 13 years the total annual payment is lowest.
Such that 8632/13 years= $664 lower than paying $750.
Answer:
1. Entrepreneurs can only be successful if they have large funding backing them.
2. Entrepreneurs have cushy hours.
3. Entrepreneurs have to do everything themselves.
5. Entrepreneurs have to take huge risks.
7. Entrepreneurs are never stressed out.
8. Entrepreneurs are all wealthy.
9. Entrepreneurs are their own boss.
10. Entrepreneurs have more personal time.
Answer and Explanation:
The computation is shown below:
1. Nominal exchange rate is
= (Real exchange rate) × (foreign price level ÷ domestic price level)
= 10 × (4 ÷ 8)
= 5
2. Change in Nominal exchange rate is
Change in Nominal exchange rate = (real exchange rate change ) + foreign inflation - domestic inflation
= 10 + 4 - 6
= 8%
3.) foreign inflation rate
= Change in Nominal exchange rate - real exchange rate change + domestic inflation
= 5 - 8 + 3
= 0%
We simply applied the above formulas
