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natita [175]
2 years ago
13

Convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a percentage, assuming th

at the residual value of the fixed asset is to be ignored: (a) 4 years, (b) 8 years, (c) 10 years, (d) 16 years, (e) 25 years, (f) 40 years, (g) 50 years. If required, round your answers to two decimal places.
Business
1 answer:
MariettaO [177]2 years ago
7 0
Ya ya know it is a real thing for me to be a good person I can see that if it’s a big thing you know me you’re a man like I love the world of life I don’t think it’s the way it would matter but you don’t want it I ain’t like you do
You might be interested in
Label demand as elastic, unit elastic, or inelastic for each scenario. Use the midpoint method when applicable to calculate the
Alborosie

Answer:

The demand for signature lunchbox container is inelastic. Price elasticity of demand is -1

The demand for gasoline is inelastic. Price elasticity of demand is 0.5

The demand for bus in Austin is inelastic. Price elasticity of demand is -1.38

Explanation:

Midpoint formula for price elasticity of demand = (change in quantity demanded/average quantity demanded) ÷ (change in price/average price)

Signature lunchbox container

change in quantity demanded = 15,000 - 20,000 = -5000

average quantity demanded = (20,000 + 15,000)/2 = 35,000/2 = 17,500

-5000/17,500 = -0.286

change in price = 4 - 3 = 1

average price = 4+3/2 = 7/2 = 3.5

1/3.5 = 0.286

Price elasticity of demand = -0.286/0.286 = -1. The demand is inelastic because the price elasticity of demand is less than 1

Gasoline

Price elasticity of demand is 0.5. The demand for gasoline is inelastic because the price elasticity of demand is less than 1.

Bus in Austin

change in quantity demanded = 61,000 - 70,000 = -9,000

average quantity demanded = (70,000+61,000)/2 = 65,500

-9,000/65,500 = -0.137

change in price = 2.21 - 2 = 0.21

average price = (2+2.21)/2 = 2.105

0.21/2.105 = 0.0998

Price elasticity of demand = -0.137/0.0998 = -1.38. The demand for bus in Austin is inelastic because the price elasticity of demand is less than 1

3 0
2 years ago
Tina and her best friend Aaliyah want to start a medical transcriptionist company together. They grew up together and know each
Ivahew [28]

Answer:

Limited liability partnership (LLP) or a limited liability company (LLC)

Explanation:

Both the LLP and LLC provide limited liability to the owners and they are both pass through tax entities. That means that they are not directly taxed, instead their owners are taxed.

Depending on where Tina and Aaliyah live, they might not be able to open a LLP, and instead they will need to start a LLC. Any of them will satisfy their needs, but starting a LLC is a little bit more complicated and can cost more money. An LLC is usually better if there are several partners, but in this case if they can avoid the cost of opening a LLC it would be better for them.

8 0
2 years ago
Donna owns 800 shares of common stock in Macaw Corporation (adjusted basis of $40,000). She receives a 5% stock dividend when th
barxatty [35]

Answer:

The gross income Donna needs to recognize from stock dividend is ZERO.

Donna’s basis for her 840 shares of stock is $47.62.

Explanation:

Assuming that Donna does not have any option to recieve dividend in form of cash, the stock devidend will be non-taxable.

Therefore, The gross income Donna needs to recognize from stock dividend is ZERO.

Adjusted basis per share after dividend

= Adjusted basis of 800 shares/number of shares

= $40,000/840

= $47.62

Therefore, Donna’s basis for her 840 shares of stock is $47.62.

5 0
2 years ago
Spalding Pointers Corporation expects to begin operations on January 1, year 1; it will operate as a specialty sales company tha
lora16 [44]

Answer:

Amoun of sales Revenue for the first quarter of 2019

Jan                              $120,000

Feb ( 120,000*1.05)       126,000

March ( 126,000* 1.05)    <u>132,300</u>

                                         <u>378,300 </u>

<u> Cash Receipt schedule for the first quarter of 2019</u>

                                             Jan               Feb               March

Jan sales                            $84,000       24,000          12,000

Feb sales                                 -                88,200         25,200

March sales                         <u>    -      </u>           <u>   -          </u>        <u>92,610</u>

                                           <u>84,000</u>           <u> 112,200</u>        <u>129,810</u>

<u />

<u>Amount of Account Receivable as of MArch 2019</u>

Feb sale   10%* 126,000                                 $12,600

March sales( 20%* 132,300) + (10%*132300)   <u>39,690</u>

                                                                          <u>  52,210</u>

Explanation:

cash receipt

Jan Sales :   Jan     70% * 120,000 = 84,000

                    feb      20%* 120,000   = 24,000

                  March    10% * 120,000  = 12,000

Feb sales  :   Feb   70%*126,000 =  88,200

                      March 20% * 126,000 = 25,200

                      April   10%* 126,000 =     12,600

March sales :    March   70%* 132300 = 92,610

                         April      20%*132300 =  26,460

                        May         10%*132300 =   13,230

5 0
2 years ago
Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each
Alex

Complete question:

Petra owns a coffee shop. She has ten employees.In 2007, she paid her employees minimum wage ($5.85 an hour).In 2008, the minimum wage increased to $6.55 an hour.In 2009, the minimum wage increased to $7.25 an hour. Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each week. When the minimum wage rose in 2009, Petra had to increase her annual budget for wage from 2008 by___

Answer: $2340 ; $14,560

Explanation:

Given the following :

2007 minimum wage = $5.85/ hour

2008 minimum wage = $6.55/ hour

2009 minimum wage = $7.25/ hour

Number of Employees = 10

Number of hours = 40 hours per week for 52 weeks

Amount spent on wages per week in 2007:

Minimum wage × number of employees × number of hours per week

= $5.85 × 10 × 40 = $2340

B.)

wage increase between 2008 - 2009:

$7.25/hour - 6.55/hour = $0.7/hour

Therefore, increase in annual budget equals:

Wage increase × number of employees × number of hours per week × number of weeks

= $0.7 × 10 × 40 × 52 = $14,560

8 0
2 years ago
Read 2 more answers
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