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Crazy boy [7]
2 years ago
11

On January 1, the Matthews Band pays $66,000 for sound equipment. The band estimates it will use this equipment for four years a

nd perform 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During the first year, the band performs 45 concerts. Compute the first-year depreciation using the straight-line method.
Business
1 answer:
Alexxx [7]2 years ago
8 0

Answer:

Annual depreciation= $16,250

Explanation:

Giving the following information:

On January 1, the Matthews Band pays $66,000 for sound equipment. The band estimates it will use this equipment for four years and perform 200 concerts. It estimates that after four years it can sell the equipment for $1,000.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (66,000 - 1,000)/4= $16,250

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When you purchase an existing business why is it important to know the owners reason for selling
Neporo4naja [7]
Because maybe they were problem with the business like they might need reapairs or a bad location to make porfit.Or he just want to get rid of it to make it someone else problem
5 0
2 years ago
ABC Company is unloading coal from a barge on the Mississippi River. The barge contains 1,760 tons of coal. The coal is shoveled
Naily [24]

Answer:

The answer is: 5 hours 20 minutes; 4 Trucks

Explanation:

Each truck has a 16 minute window to pick up and dump the coal. This process can be observed as an assembly line where each stage of production is the stages of coal transport. When Truck A is travelling to the dump site, Truck B can be loading the coal. When Truck B is travelling to the dump site and Truck A is dumping the coal, Truck C would be loading the coal. When Truck A is travelling to the loading area, Truck B dumping the coal and Truck C travelling to the dump site, Truck D would be loading the coal. Once Truck A gets to the loading area, Truck D would be on its way to the dump site and so on. In each 16 minute window 88 tons of coal (22 tons * 4) is picked up and dumped, that is, 22 tons every 4 minutes. Given that there are 1, 760 tons of coal, the total time taken to dump all the coal is equal to 320 minutes:

88 tons = 16 minutes (22 tons dumped every 4 minutes)

1, 760 tons = (1760 tons * 16)/88 tons = 320 minutes

320 minutes/ 60 minutes = 5 hours 20 minutes

6 0
2 years ago
​Bulldog, Inc. has budgeted sales for the first quarter of the next year to be 35,000 units. The inventory on hand at the beginn
Charra [1.4K]

Answer:

     BUDGETED PRODUCTION

                                             Units

Budgeted sales                   35,000

Add: Closing inventory       <u>3,000</u>

                                            38,000

Less: Beginning inventory  <u>5,000</u>

Production budget             <u> 33,000</u>

The options are incorrect. The correct answer is 33,000 units.

Explanation:

Production budget is budgeted sales plus closing inventory minus beginning inventory.

3 0
2 years ago
MedPlus Incorporated, based in the United States, hesitates to enter into a joint venture with Azpak Limited, a Sri Lankan compa
Grace [21]

Answer:

Legal Risk

Explanation:

Legal risk are damage, financial, reputational losses or any other form of loss received by a business due to negligence in compliance with the law related to the business. They are prospective fines or loses that a business or an organization receives for not complying with the business law and regulations.

In this case, the prospective loss could come by associating with Azpak limited which have inadequate protection of intellectual property rights.

3 0
2 years ago
Read 2 more answers
In 2008, Betserai was a 10-year-old quintrillionaire living in Bulawayo, Zimbabwe. He was literally rolling in money. In fact, B
marishachu [46]

Answer:

C. Rapid rises in price levels made the Zimbabwean dollar near worthless in terms of purchasing power.

Explanation:

As in the given situation it is mentioned that 10 year old boy has the bill of billion dollar this represented that the country really printed the bill of billion dollar. It means that the attempt is to be done in order to print a currenct note of higher denomination that also represent that the country would increased such level also at the same time a big amount is required to purchased the goods and services.

Also the high denomination values would not consist of actual value as they have purchasing power i.e. negligible

4 0
2 years ago
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