answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lapatulllka [165]
1 year ago
11

Use the following information to answer the next two questions. Downey Company bought a delivery truck for $62,000 on January 1,

2015. They installed a rear hydraulic lift for $8,000 and paid sales tax of $3,000. In addition, Downey paid $2,400 for a one-year insurance policy. They estimate the useful life of the truck to be 10 years and its residual value to be $8,000. If Downey uses the straight-line method of depreciation, what is the depreciation expense for 2016 and book value at the end of 2016
Business
1 answer:
natita [175]1 year ago
7 0

Answer and Explanation:

The computation of the depreciation expense and book value at the end of 2016 is shown below:

But before that first determine the cost of the asset which is

Cost of the asset is

= Purchase price + rear hydraulic  lift + sales tax

= $62,000 + $8,000 + $3,000

= $73,000

Now the depreciation expense is

= ($73,000 - $8,000) ÷ (10 years)

= $6,500

ANd, the book value is

= $73,000 - $6,500 × 2

= $60,000

You might be interested in
Tom is managing a project team responsible for building a new office building that started this week. He notices that team membe
Darina [25.2K]

Answer:

The answer to this question is E. Forming

Explanation:

The forming stage of team development is the stage where team members establish ground rules and try to find out what behaviors are acceptable and what performance expectations are.  

It is the stage where group members learn what to do, how the group is going to operate, what is expected, and what is acceptable.

The group members needs high degree of guidance from the team leader or the team manager in other to be able to understand their individual roles, understand the purpose of the team and organised the team structure.

Hence the answer is  E. Forming stage.      

8 0
2 years ago
Marco was an economics major in college until he discovered he could major in strength and conditioning. Then he switched majors
Liono4ka [1.6K]

n the video, Marco says he was an economics major in college until he discovered he could major in strength and conditioning. Then he switched majors. Clearly, learning about this field is important to him. Mike and Bob are addressing ............... when they send Marco to seminars instead of, for example, increasing his salary in exchange for his continued high performance at MBSC. They could maintain Marco’s high level of motivation by:........................

A. Sending him on an all-expense-paid Caribbean cruise for two weeks

B. Reimbursing his tuition as he seeks a master’s degree in fitness management

C. Reassuring him that he has a job with MBSC as long as he performs well

D. Setting up an employee discount program at a nearby coffee shop, laundromat, and tasalon

Answer:

Valence

C. Reassuring him that he has a job with MBSC as long as he performs well

Explanation:

By sending Marco to seminars, Mike and Bob are addressing VALENCE;  a psychological value  an individual put on  another person, in relation to the attractiveness of individual whose a psychological value has been placed. In this case, a psychological value placed on Macro by his managers is the valuable rewards they would get from his professional development, rather than increasing his salary in exchange for high performance.

Therefore, they could maintain Marco’s high level of motivation by reassuring him that he has a job with MBSC as long as he performs well.

7 0
1 year ago
For each of the goods, identify the characteristics that describe each good. Note that each good will be described with two char
Dimas [21]

Answer:

The correct answers are:

1. Nonexcludable, nonrivalrous

2. excludable, nonrivalrous

3. excludable, rivalrous

4. excludable, rivalrous

5. excludable, rivalrous

6. excludable, rivalrous

Explanation:

A good is excludable when ordinary people haven't paid for it can be prevented from using that good. It becomes a rival if the consumption of a person in that good diminishes another one's consumption of it. Rivalry and excludability are related. A very simple example of it is when an apple cannot be shared with an unlimited number of people.

8 0
1 year ago
What concept involves breaking down the production of a product into a series of small, elementary tasks, each of which is perfo
GenaCL600 [577]

Answer:

work or job specialization

Explanation:

Work specialization is based on the division of labor, i.e. dividing the work activities into smaller separate tasks. Each worker is responsible for performing only one or a few separate tasks and by doing so will specialize in its performance. As he workers specialize in performing certain tasks, overall efficiency and total output should increase.

6 0
1 year ago
Sweet Treats common stock is currently priced as $36.72 a share. The company just paid $2.18 per share as its annual dividend. T
Agata [3.3K]

Answer:

8.27%

Explanation:

Data provided in the question:

Current price = $36.72

Annual dividend paid, D0 = $2.18

Dividend growth rate, g = 2.2% = 0.022

Now,

Cost of Equity = [ (Dividend For Next Year) ÷ Current Price ] + Growth rate

= [ ( D0 × ( 1 + g  ) ) ÷ $36.72 ] + 0.022

= [ ( $2.18 × ( 1 + 0.022  ) ) ÷ $36.72 ] + 0.022

= [ 2.22796  ÷ $36.72 ] + 0.022

= 0.06067 + 0.022

= 0.08267

or

= 0.08267 × 100% = 8.267% ≈ 8.27%

6 0
1 year ago
Other questions:
  • Which of the following statements is NOT​ true?
    13·1 answer
  • Current trends suggest that early internationalizing firms will ________. be unable to sustain the rigors of international trade
    13·2 answers
  • Information from the records of the Bridgeview Manufacturing Company for August 2017 follows:Sales $315,000 Selling and administ
    6·1 answer
  • Inventory records for Marvin Company revealed that following :a.Mar 1. Beginning Inventory 1,000 units $7.20b.Mar. 10 Purchase 6
    10·1 answer
  • What is the current yield of the 4.75% 2041 maturity bond? What is its yield to maturity? b. ""The current yield is less than th
    10·1 answer
  • On March 8, Black Candy Company bought supplies on account from the Arcade Fire Company for $550. Black Candy Company incorrectl
    11·1 answer
  • The Connors Company's last dividend was $1.00. Its dividend growth rate is expected to be constant at 15% for 2 years, after whi
    7·1 answer
  • Jensen Co. expects to pay €50,000 in one month for its imports from France. It also expects to receive €200,000 for its exports
    6·1 answer
  • A building with a book value of $54,000 is sold for $63,000 cash. Using the indirect method, this transaction should be shown on
    11·1 answer
  • How does a company's use of social media reflect audience-centered communication?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!