Answer: $58,223.60
Explanation:
The Modified Accelerated Cost Recovery System (MACRS) is the depreciation method being used currently in the United States to depreciate assets for tax purposes. The asset is depreciated over a certain period of time depending on the Assets class.
The equipment in this scenario is a 7-year property and is subject to the rates listed. The fifth year depreciation therefore is;
= 652,000 * 8.93%
= $58,223.60
Answer:
The correct answer is B
Explanation:
The journal entry which is to be recorded for the service revenue at the end of May is as follows:
Unearned Revenue A/c..............Dr $5,333
Service RevenueA/c...........Cr $5,333.
Working Note:
Revenue = Total amount × Number of months / Total months
where
Amount is $8,000
Number of months means at the end of May which is a 2nd month
Total months is 3 months (April, May and June)
= $8,000 × 2 / 3
= $5,333
Answer:
c. $165,000.
Explanation:
Gross profit $1,350,000
Selling and administrative expenses $480,000
Income from continuing operations before income tax $705,000
Income from continuing operations 495,000
Total Expenses = Gross Profit - Income from continuing operations before income tax
Total Expenses = $1,350,000 - $705,000 = $645,000
Other Expenses = Total Expenses - Selling and administrative expenses
Other Expenses = $645,00 - $480,000 = $165,000
Answer:
The correct answer is (C) Diagnosis.
Explanation:
The marketing plan is the starting point to successfully implement the business strategies of any business. It is a written document that must contain the objectives, strategies and actions to be performed. It must be developed both strategically and tactically; that is, you must consider the conditions surrounding the business and the details of the execution of the plan.
Within the strategic level, there is the diagnosis. This step is fundamental, as it provides the foundation for the development of a good marketing plan. The diagnosis allows to gather crucial information regarding the initial situation of the business and the market, with which it is possible to anticipate the threats or opportunities provided by external factors.
The charges would be $10.50 as of the 15th of that current month. Jerrod spent a total of $700. Adjusted Balance Method calculates costs based on the amounts owed/due at the end of the current time period & once any credits or payments have been applied. Multiplying what Jerrod has spent in total & the percentage of interest will give him the balance of interest charges that he can expect to see in addition to the $700 he's spent.
It's also safe to assume the payment on your bill is due on the 16th.
