Which of the following is an example of qualitative data?

Slovac Company purchased a machine that has an estimated useful life of eight years for $7,500. Its salvage value is estimated a

saw5 [17]

Answer:

A. 1,406

Explanation:

Double-declining balance formula = 2 X Cost of the asset X Depreciation rate

The cost of asset = $7,500

salvage value = $500

estimated useful life = 8years

To calculate the depreciation value using Double-declining balance formula = 2 X Cost of the asset X Depreciation rate

Depreciation rate = 1/useful life *100 = (1/8) * 100 = 12.5%

Therefore

2 x $7500 x 12.5% = $1,875 - year 1

for the second year the cost of asset will be$ 7,500 - $1,875 = $5625

2 x $5625 x 12.5% = $1,406.25

Therefore the answer is $1,406

8 0

2 years ago

The owner of supermarket chain Reynold's wants to offer nonfood items such as greeting cards and magazines. However, Reynold's d

Elis [28]

Answer:

E) rack jobbers.

Explanation:

Rack jobbers is defined as a company or trader that has an agreement with a seller to display their products in the retail stores and sell them. Usually channels used are not the traditional channels used to sell the products and can include: gas stations, grocery stores.

In such instances the profit realised is split between both parties. For example if Procter and Gamble provide a product rack to a grocery store this is called rack jobbers.

This will be Reynold's best option as he does not want to take care of setting up displays and maintaining inventory records.

6 0

2 years ago

Management in life you have lunch with a friend who was recently promoted to a management position. “congratulations!” you say.

Andre45 [30]

You can offer these time management tips:
1. Decide on the most important tasks and complete those ones first.
2. Sleep for at least seven hours and begin your day very early and create task list for the day.
3. When handling a task, give your whole attention and focus to that task until you are through with it.
4. Learn to say 'no' when necessary.
5. Minimize distractions as much as possible.
6. Do not procrastinate.
7. Take break when necessary.
<span />

5 0

2 years ago

An ordinary annuity selling at $11,417.87 today promises to make equal payments at the end of each year for the next six years (

Sauron [17]

Answer:

Annual payment $5,833,333.3

Explanation:

he sooner the amount is received, the higher is the present value

Hence, annuity with greatest present value is:

An annuity that pays $1,000 at the beginning of each year

Value of annuity = Annual payment*Present value annuity factor

11,417.87 = Annual payment*PVAF(9.5%, 6 years)

11,417.87 = Annual Payment*4.4198

Annual payment = $2,583.35

Annual payment = 35,000,000/6 = $5,833,333.33

3 0

2 years ago

Samper Company reported the book value of its net assets at $160,000 when Public Corporation acquired 100 percent of its voting

Kobotan [32]

Answer:

a) Goodwill of 120,000

b) Goodwill of 6,000

c) Negative Goodwill of 40,000

Explanation:

In Consolidated Financial Statements the investment made by the acquiring company must be replaced for the assets and liabilities of the acquired company at its fair value. The difference between the net asset fair value of the acquired company and the value of the investment in the acquiring company, which is the purchase price, is registered as Goodwill. When the purchase price is larger than the net asset fair value, the Goodwill is an intangible asset. When the difference is negative, the Negative Goodwill must be recognized and separately disclosed on the balance sheet, immediately below the goodwill heading (Financial Reporting Standard 10).

3 0

2 years ago