deacon inc. experienced the following transactions during year 1, its first year in operation. issued common stock for $12,000 cash. provided $4,600 of services on account. paid $3,200 cash for operating expenses. collected $3,800 of cash from customers in partial settlement of its accounts receivable. paid a $200 cash dividend to stockholders. The amount of net cash flow from operating activities shown on deacon Company's Year 1 statement of cash flows is
Answers
The amount of net cash flow from operating activities shown on deacon Company's Year 1 statement of cash flows is 600
How to calculate net cash flow ?Cash flow is a metric for how much money a company earned or spent overall during a given period of time. On the statement of cash flows, a common financial statement, cash flow is often divided into cash flow from operating operations, cash flow from investing activities, and cash flow from financing activities.
Spending that occurs in the normal course of business is included in cash flow from operations. Payroll, the cost of items sold, rent, and utility bills are a few examples of these cash outflows. When corporate operations are very seasonal, cash outflows might vary greatly.
Given,
$3,800 of cash from customers
$3,200 cash for operating expenses.
$3,800 cash collected from revenue − $3,200 cash paid for expenses = $600 cash flow from operating activities
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Related Questions
Which best describes how consumers may benefit from specialization?
Consumers can only purchase high-quality goods.
Consumers have more price options.
O Consumers receive more sale offers.
O Consumers find products at lower prices.
Answers
In specialization a company have produced the product at different price levels. Consumers have more price options.
What is consumer?A consumer is a person who purchases the goods and or services from the business and is also the ultimate user of the products or services. In specialization the company produces a certain product at many different levels by which they have many price options available which vary according to their customization and quality that can be offered to the consumers and hence the customer can purchase different types of a single product from a single company or Brand.
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On January 1, Gemstone Company obtained a $165,000, 10-year, 7% installment note from Guarantee Bank. Thenote requires annual payments of $23,492, with the first payment occurring on the last day of the fiscal year. The firstpayment consists of interest of $11,550 and principal repayment of $11,942. The journal entry to record the issuance of the installment note for cash on January 1 would include a:_____
Answers
Answer:
Credit to notes payable for $165000
Explanation:
Journal entries for issuance of Note Payable :
Cash Account ..... Debit $165000
7% Note payable Accounts .... Credit $165000
Note:
Note payable is a liability so it is credited as on date of issuance.
The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
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The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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collusion illegal in South Africa?
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Collusion is considered illegal in South Africa, and the authorities actively enforce competition laws to maintain a competitive marketplace and protect the interests of consumers and the economy as a whole.
Collusion, which refers to an agreement or cooperation between competitors to manipulate market conditions or gain an unfair advantage, is generally considered illegal in South Africa. In South Africa, collusion is primarily addressed under the Competition Act of 1998, which aims to promote and maintain competition in the country's markets.
Under the Competition Act, collusion falls under the category of prohibited practices known as restrictive horizontal practices. Section 4 of the Act specifically prohibits collusive behavior such as price-fixing, market division, bid-rigging, and collusive tendering. These practices are seen as detrimental to competition, consumer welfare, and the overall economy.
The Competition Commission of South Africa is responsible for investigating and prosecuting cases of collusion. If found guilty, companies engaging in collusion can face severe penalties, including fines of up to 10% of their annual turnover and potential criminal charges for individuals involved.
In addition to the Competition Act, South Africa has also enacted other legislation and regulations to combat collusion, such as the Prevention and Combating of Corrupt Activities Act and the Public Finance Management Act. These laws aim to ensure transparency, fairness, and accountability in government procurement and contracting processes, thereby deterring collusive behavior.
Overall, collusion is considered illegal in South Africa, and the authorities actively enforce competition laws to maintain a competitive marketplace and protect the interests of consumers and the economy as a whole.
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The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 20Y9, the end of the fiscal year, the accountant for The Gorman Group prepared an end-of-period spreadsheet, part of which follows:
The Gorman Group End-of-Period Spreadsheet
For the Year Ended October 31, 20Y9
Adjusted Trial Balance
Account Title Dr. Cr.
Cash $17,700
Accounts Receivable 38,530
Supplies 6,020
Prepaid Insurance 13,000
Land 137,000
Buildings 493,000
Accumulated Depreciation-Buildings 160,400
Equipment 356,000
Accumulated Depreciation-Equipment 208,900
Accounts Payable 45,570
Salaries Payable 4,520
Unearned Rent 2,050
Common Stock 205,000
Retained Earnings 380,780
Dividends 34,200
Service Fees 649,860
Rent Revenue 6,860
Salaries Expense 465,890
Depreciation Expense-Equipment 25,300
Rent Expense 21,200
Supplies Expense 14,990
Utilities Expense 13,550
Depreciation Expense-Buildings 9,030
Repairs Expense 7,460
Insurance Expense 4,090
Miscellaneous Expense 6,980
1,663,940 1,663,940
Required:
1. Prepare an income statement.
Prepare a statement of owner's equity (no additional investments were made during the year.)
Prepare a balance sheet.
2. Journalize the entries that were required to close the accounts at October 31. For a compound transaction, if an amount box does not require an entry, leave it blank.
3. If the balance of Nicole Gorman, Capital had instead increased $115,000 after the closing entries were posted and the withdrawals remained the same, what would have been the amount of net income or net loss?
Answers
Answer:
Income Statement
Revenue
Service Fees $649,860 Rent Revenue $6,860 $656,720
Expenses:
Salaries Expense ($465,890 )Depreciation Expense ($34,330) Rent Expense ($21,200) Supplies Expense ($14,990) Utilities Expense ($13,550 )Repairs Expense ($7,460 )Insurance Expense ($4,090 )Miscellaneous Expense ($6,980) ($568,490)Net income $88,230
Statement of owner's equity
Beginning common stock $205,000
Beginning retained earnings $380,780
Net income $88,230
Subtotal $674,010
Dividends ($34,200)
Ending balance common stock $205,000
Ending balance retained earnings $434,810
Dr Income summary 656,720
Cr Service Fees 649,860
Cr Rent Revenue 6,860
Dr Salaries Expense 465,890
Dr Depreciation Expense 34,330
Dr Rent Expense 21,200
Dr Supplies Expense 14,990
Dr Utilities Expense 13,550
Dr Repairs Expense 7,460
Dr Insurance Expense 4,090
Dr Miscellaneous Expense 6,980
Cr Income summary 568,490
Dr Retained earnings 88,230
Cr Income summary 88,230
Dr Dividends 34,200
Cr Retained earnings 34,200
Net loss = $60,970
why do you think states have licensing requirements for certain occupations?
Answers
Answer: to prevent improper use or causing an issue with the thing they have to get a license for
Given a function described as the equation y=4x-4, what is y when x is 1, 2, and 3
Answers
Answer:
x=1 y=0, x=2 y=4, x=3 y=8
Explanation:
substitute all the numbers in the x area and multiply then subtract 4
In which of the following situations would you sell/serve an alcoholic beverage?
Answers
A gentleman walks up to the counter with a bottle of whiskey, you watched him walk through the store, he answers your questions directly and clearly, you do not smell alcohol on his breath and his eyes are clear. then, we will sell/serve an alcoholic beverage.
what is beverage?
Beverages are any liquids that can slake a thirst. Drinks may be any form of liquid.
Water is a liquid that we always consume. Beverage products include things such as water, tea, coffee, milk, juice, beer, and any other type of beverages. Actually, the term "beverage" refers to any liquid product.
Beverage is a noun, not a verb. Beverage might be hot and frothy or include alcohol, and it can be used for anything you can drink, but sometimes it's more commonly associated with certain types of beverages, like soft drinks.
In restaurants, bars, and stores, the word beverage is used in place of the word "drink."
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Total quality management theorizes that if workers are more responsible, they will
a. Increase overall quality
Б. Reduce overall quality
C. Have no effect on overall quality
d. None of the above
Please select the best answer from the choices provided
A
B
D
Answers
Answer:
a
Explanation:
Total quality management theorizes that if workers are more responsible, they will Increase overall quality. Thus, option A is correct.
Who is a worker?Workers would be organizational personnel who had since out-assigned jobs and put plans set by the organization into action. The worker was the one who will be assigned a job and for that, they will be getting paid.
TQM also abbreviated Total quality management with is regarded as a method that is customer-centered and concentrates on continuously improving sales management processes.
It makes an effort to make guaranteed that all involved employees are working toward the same objectives of raising the caliber of the delivered goods or services and enhancing the production methods.
Therefore, option A is correct.
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) A company determines that its marginal revenue per day is given by R'(t) = 100et , R(0) = 0, where R(t) = the revenue, in dollars, on the tth day. The company's marginal cost per day is given by C'(t) = 140 - 0.3t, C(0) = 0, where C(t) = the cost, in dollars, on the tth day. Find the total profit from t = 0 to t = 5 (the first 5 days). Round to the nearest dollar. Note: P(T) = R(T) - C(T) = T 0 ∫ [R'(t) - C'(t)] dt.
Answers
Answer:
The answer is below
Explanation:
The marginal revenue R'(t) = \(100e^t\) and the marginal cost C'(t) = 140 - 0.3t.
The total profit is the difference between the total revenue and total cost of a product, it is given by:
Profit = Revenue - Cost
P(T) = R(T) - C(T)
P(T) = ∫ R'(T) - C'(T)
Hence the total profit from 0 to 5 days is given as
\(P(T) = \int\limits^0_5 {(R'(T)-C'(T))} \, dt= \int\limits^0_5 {(100e^t-(140-0.3t))} \, dt\\ \\P(T)= \int\limits^0_5 {(100e^t-140+0.3t))} \, dt\\\\P(T)= \int\limits^0_5 {100e^t} \, dt- \int\limits^0_5 {140} \, dt+ \int\limits^0_5 {0.3t} \, dt\\\\P(T)=100\int\limits^0_5 {e^t} \, dt- 140\int\limits^0_5 {1} \, dt+0.3 \int\limits^0_5 {t} \, dt\\\\P(T)=100[e^t]_0^5-140[t]_0^5+0.3[\frac{t^2}{2} ]_0^5\\\\P(T)=100(147.41)-140(5)+0.3(12.5)=14741-700+3.75\\\\P(T)=14045\)
Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
Answers
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
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Assignment I: Case 2
You have served three years as head of your state's
human services agency. In general, your relationship wit
the governor has been quite good, and your relationshi
with the legislature (which is dominated by the
governor's party) has been congenial as well. Recently,
however, there has been a move in the legislature to
reduce funding for a child-care program you think is
essential to finding and maintaining employment for
women on welfare. What would you do?
Answers
Since my relationship with the governor has been quite good, I will first talk to him about the issue and then also put it in writing to him. I will talk to him about me sending a proposal to the legislature on the reason why the reduction of funding for a child-care program should not be implemented and he should use his good office to influence the legislature so that when it is time to decide, all will be in favor of not cutting down on the funds.
I will also state the reason why it is good see and keep employment for women on welfare.
The act of getting or providing finance for a transaction or business is referred to as financing. Money supplied, particularly by a government or organization, for a specific purpose is referred to as funding.
Child Care Program refers to a single facility, a collection of facilities, or both that are run by a single owner or are under the supervision of a single organization.
Funding is to contribute funds in order to support a project, activity, or group: For example My journey to Canada will be paid for by the LIMA corporation. Any regulated structure that offers education and care to children from birth until the start of compulsory primary school is referred to as early childhood education and care.
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The amount of money you will still need after subtracting scholarships, grants, and work study will help determine the amount of money _____.
A.You need to borrow in loans or pay out of pocket
B.to accept in grants and scholarships
C.to set aside in savings
D.to use for room and board,books and other expenses
Answers
Answer:
A.
Explanation:
The amount of money needed after receiving some from scholarships, grants, and work study is the amount A. You need to borrow ..
A student's total amount needed after subtracting the amount received from scholarships, etc. is either funded through borrowings or from the student's own savings (pocket).
The total amount needed is not the amount from grants, for savings, or for other expenses.
It is the amount that the student still requires to cover all expenses which can be sourced from loans or own savings.
Thus, statement A is correct.
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PLEASE HELP!! Retirement plans-
Under what circumstances is it better to be taxed later(when you retire and draw money from your account) instead of now?
Answers
Answer:
Though retirement may seem far off, saving for it as early as possible will ensure you have enough money to get you through your retirement years. In addition, investing benefits from compounding returns, which will increase your money more over a longer period of time.
The accounting equation for ying company shows a decrease in its assets and a decrease in its equity. Which of the following transactions could have caused that effect?
Answers
Answer:
The company paid an amount due on a credit card
Explanation:
Technically there was debt in the company's credit card which then caused a decrease in assists and equity because the company in all wasn't reliable so whatever was still getting paid off got taken from the company's money.
Please help me in this assignment. Assume a project, other than your assignment, such as real estate, infrastructure development, industrial, or software development etc. and discuss that how guiding principle of PMI Standards for project risk management life cycle shall be undertaken at the organizational level of that particularly identified project (what the organization needs to do).
Answers
Answer:
DOES THIS HELP
Explanation
Many different professions contribute to the theory and practice of project management. Engineers and architects have been managing major projects since pre-history. Since approximately the 1960s, there have been efforts to professionalize the practice of project management as a specialization of its own. There are many active debates around this: Should project management be a profession in the same way as engineering, accounting, and medicine? These have professional associations that certify who is legally allowed to use the job title, and who can legally practice the profession. They also provide a level of assurance of quality and discipline members who behave inappropriately.
Since 1970, the highest monthly unemployment rate in the United States was – ; this happened in – . Following the recession of 1991–1992, GDP growth was generally strong, at one point exceeding 4% for four consecutive – .
Answers
Answer:
Since 1985, the highest monthly unemployment rate in the United States was 10% ; this happened in 2009 . Following the recession of 1991-1992, GDP growth was generally strong, at one point exceeding 4% for four. 21.
Since 1970, the highest monthly unemployment rate in the United States was 10.8%; this happened in 1982. Following the recession of 1991–1992, GDP growth was generally strong, at one point exceeding 4% for four consecutive Quarters.
What is GDP?
Gross domestic product (GDP) is a financial measure that shows the market value of all final goods and services produced and sold (not resold) during a certain period by country. Due to its complexity and subjectivity, this metric is often revised before being considered a reliable indicator. However, GDP (nominal) per capita does not reflect differences in the cost of living and the inflation rate of countries. Therefore, the use of purchasing power parity (PPP) may be more useful when comparing countries' living standards, while nominal GDP is more useful when comparing countries' economies in international markets. Total GDP can also be divided into the share of each industry or economic sector. The ratio of GDP to the total population of the region is GDP per capita
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reviewing the recent experience of the US in global markets reveals that
Answers
Reviewing the recent experience of the US in global markets reveals that America's standing as a global leader has been challenged by the rise of new global economic powers, such as China and India. Despite this, the US remains the world's largest economy and has the world's reserve currency, the US dollar.
As such, it maintains significant influence in global markets.The US has also been engaged in numerous trade disputes, including with China and the European Union. Additionally, the US has recently pursued a policy of protectionism, which has included the imposition of tariffs on imported goods.
This has had both positive and negative impacts on the US economy and its standing in the global marketplace.The US has also recently renegotiated trade deals, such as the United States-Mexico-Canada Agreement (USMCA), which replaced the North American Free Trade Agreement (NAFTA).
The US has also withdrawn from the Trans-Pacific Partnership (TPP) and the Paris Climate Agreement, which have drawn criticism from other nations and has further impacted the US's standing in the global community.
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Which franchise model do automobile dealerships usually follow?
(plato)
Answers
Product distribution franchises meaning: Distribution Franchise, these product-driven franchises are where the franchisee distributes the parent company products and some related services. The parent company provides the use of its branded trademark, but not typically an entire system for running a business.
explain PPP in 300 words
Answers
which statement about demand is true
Answers
Fixed vs variable cost preference. bates operates a kiosk at a local mall, selling duck calls for $30 each. the variable cost to make a duck call is $18. a new mall is opening where bates wants to locate a new kiosk. the mall operator offers the following two options for bates: 1. paying a fixed rent of $15,000 a month, or: 2. paying a fixed rent of $9,000 per month plus 10% of revenue earned from each duck call, the amount of monthly sales (in units) at which bates would be indifferent as to which plan to select is: a) 1,900 b) 2,000 c) 1,500 d) 1,600
Answers
Answer:
b) 2,000
Explanation:
sales price = $30
10% from each sale = $3
the amount of rent paid as a percentage of sales = $15,000 - $9,000 = $6,000
the indifference point in units = $6,000 / 10% revenue margin = $6,000 / $3 = 2,000 units
If Bates sells less than 2,000 units, then he should prefer option 2, but if he sells more than 2,000 units, then option 1 is better for him.
3. Evaluate a couple of local organizations (preferably your employer organization and another organization of your choice) in terms of its emphasis on the strategic operations objectives: cost, quality, delivery, speed and flexibility. Are all departments focused on the same objectives? What are the order winners and the order qualifiers?
Answers
It should be noted that the objectives of companies aren't thesame but rather, they're different.
The objectives of a company simply means the goals that a company wants to achieve. The objectives of companies aren't thesame but rather, they're different.
Companies focus in different objectives such as cost minimization, profit maximization, quality improvement, etc.
It should be noted that the order winners can be quality and cost while for the order qualifiers, this can be delivery and flexibility.
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Given Advanced Company's data, and the knowledge that the product is sold for $71 per unit and operating expenses are $300,000, compute the net income under absorption costing.
a) $70,000
b) $113,000
c) $210,700
d) $183,000
e) $288,000
Answers
Answer:
b) $113,000
Explanation:
For the computation of net income under absorption costing first we need to follow some steps which is shown below:-
variable overhead per unit = $105,000 ÷ 35,000
= $3 per unit
The Variable cost of production per unit
Particulars Amount
Direct material $19.00
Direct labor $21.00
Variable overhead $3.00
Variable cost of production
per unit $43.00
Cost per unit of finished goods under absorption costing
Particulars Amount
Total direct material cost $665,000
($19 × 35000)
Total direct labor $735,000
($21 × 35000)
Total variable overhead $105,000
Total fixed overhead $175,000
Total $1,680,000
Units in finished goods = Number of units produced - units sold
= 35,000 - 21,000
= 14,000
Cost of finished goods under variable costing
= Variable cost of production per unit × Number of units in finished goods
= $43 × 14,000
= $602,000
Cost of goods sold
= Production cost - Finished goods cost
= $1,680,000 - $602,000
= $1,078,000
Income statement under absorption costing
Particulars Amount
Sales revenue $1,491,000
($71 × 21,000)
Less: cost of goods sold -$1,078,000
Gross Profit $413,000
Less : operating expenses -$300,000
Net operating income $113,000
Sandersen Inc. sells minicomputers. During the past year, the company's sales were million. The cost of its merchandise sold came to $ million, and cash operating expenses were $; depreciation expense was $, and the firm paid $ in interest on its bank loans. Also, the corporation paid $ in the form of dividends to its own common stockholders. Calculate the corporation's tax liability by using the corporate tax rate structure in the popup window,
Answers
Question Completion:
Sandersen Inc, sells minicomputers. During the past year, the company's sales were 3.00 million. The cost of its merchandise sold came to 2.00 million, and cash operating expenses were 400,000; depreciation expense was 100,000, and the firm paid 150,000 in interest on its bank loans. Also, the corporation paid 25,000 in the form of dividends to its own common stockholders.
Calculate the corporation tax liability.
The corporate tax rates are listed here:
15% $0-$50,000
25% $50,001-$75,000
34% $75,001-$10,000,000
35% over $10,000,000
Answer:
Sandersen Inc.
Computation of the Corporation's Tax Liability:
Taxable profit = $350,000
15% $0-$50,000 $7,500 ($50,000 * 15%)
25% $50,001-$75,000 6,250 ($25,000 * 25%)
34% $75,001-$10,000,000 93,500 ($275,000 * 34%)
35% over $10,000,000 0
Total Tax Liability = $107,250
Explanation:
Data and Calculations:
Sales Revenue $3,000,000
Cost of goods sold 2,000,000
Gross profit $1,000,000
Operating expenses 400,000
Depreciation expense 100,000
Operating profit $500,000
Interest expense 150,000
Profit before taxes $350,000
Income Taxes 107,250
Profit after taxes $242,750
Dividend 25,000
Retained Earnings $217,750
The foundation for all of the functions of management is
Answers
Answer:Planning is the foundation on which all other managerial functions rest.
Explanation:
A truck costs $8,000 with a residual value of $1,000. The truck is expected to have a useful life of 70,000 miles. Assuming the truck is driven 15,000 miles the first year, the depreciation expense would be
Answers
Based on the cost of the truck, the residual value, and the useful life, the depreciation expense for the first year would be $1,500.
What is the depreciation expense?This can be found by the formula:
= Miles driven in first year / Useful life x (Cost - residual value)
Solving gives:
= 15,000 / 70,000 x (8,000 - 1,000)
= $1,500
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You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $3,000 at the end of each month, how many months will it take for your account to grow to $310,000
Answers
Answer: 81.1 months
Explanation:
You can use the NPER function on Excel to calculate this:
Rate = 7%/12 months = 7%/12
Pmt = -3,000 to represent the monthly deposit
FV = 310,000
Number of months should be: 81.1 months
• Highlight the negative externalities that might occur in the South African Economy, due to the Russian Ukrainian war
Answers
Various the negative externalities such as food scarcity , racsism , price hike , etc might occur in the South African Economy, due to the Russian Ukrainian war.
The negative externalities might occur in the South African Economy, due to the Russian Ukrainian war beacuse:
Around 20% of students in Ukraine are African, and they claim to often face racism and prejudice.Through food imports and tourism, African economies are connected to those of Russia and Ukraine.Without proper access to imports of wheat, corn, and oil, food prices and global food insecurity are likely to rise, having a significant impact on North Africa, since Egypt alone buys 70% of its wheat from Russia and Ukraine.The two main categories of how the links between African countries and the eastern European countries at war would affect the continent are the economy and vulnerable citizens, but both categories are intricately intertwined.As humanitarian organizations rely on wheat and cereal grains for famine assistance, areas of Africa that are already on the verge of starvation are also at risk. The Democratic Republic of the Congo, Madagascar, Ethiopia, South Sudan, and Chad are among the nations on the continent that the UN has designated as hunger hotspots because they are in danger of becoming hungry and need access to such aid commodities.Learn more about the Russian Ukrainian war here https://brainly.com/question/26660181
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Who will be the first Trillonare in this world ?
Answers
The person who is expected to become the first Trillionaire is Jeff Bezos, founder, and CEO of Amazon.
According to a study conducted by Comparison, Jeff Bezos could become the world’s first Trillionaire by the year 2026. This prediction was made on the basis of the average percentage of growth of Bezos’ net worth over the last five years. The study also highlighted that Bezos’ wealth has grown by an average of 34% over the last five years. At this rate of growth, his net worth could reach $1 trillion by the year 2026.
However, the current COVID-19 pandemic has had a negative impact on the economy, and Bezos’ net worth has already decreased by over $20 billion since the start of the pandemic. Despite this, it is still possible that Bezos may become the world’s first Trillionaire in the future, but there are also other contenders who could reach this milestone, such as Elon Musk, CEO of Tesla and SpaceX. However, as of now, there is no confirmed Trillionaire in the world.
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