Coronado Industries purchased a truck at the beginning of 2017 for $108800. The truck is estimated to have a salvage value of $3000 and a useful life of 132250 miles. It was driven 18000 miles in 2017 and 26000 miles in 2018. What is the depreciation expense for 2017?

Answers

Answer 1

Answer:

Answer:

The depreciation expense for 2017 is $14,400

Explanation:

Coronado Industries uses the units-of-production depreciation method to calculate Coronado Industries by the following formula:

Depreciation Expense = [(Cost of asset − Residual Value ) x Number of Units Produced]/Life in Number of Units

In the company,

Depreciation Expense per mile = ($108,800-$3,000)/132,250= $0.8

The truck was 18000 miles in 2017, so the depreciation expense for 2017:

18,000 x $0.8 = $14,400

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As a result of the decrease in the world price, consumer surplus in the United States by $ million, producer surplus by $ million, and total surplus by $ million. (Hint: Recall that the area of a triangle is 12×Base×Height .) Suppose the U.S. government responded by putting a tariff of $100 on imported televisions. As a result of this import tariff, consumer surplus will , and producer surplus will . The government will raise $ million in revenue at the cost of $ million in deadweight loss. True or False: From the standpoint of U.S. welfare, this is a good policy, but domestic producers will not support it. A. True B. False
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There are ten firms in an industry. Five of the firms each have a market share of 12 percent and five of the firms each have a market share of 8 percent. The Herfindahl index is Group of answer choices 1,000. 1,040. 100. 920. none of the above

Answers

Answer:

1,040

Explanation:

The Herfindahl index is an index that is used to measure the size of firms in relation to the industry and it also shows the level of competition among the firms in the industry. The Herfindahl index is also known as Herfindahl–Hirschman Index (HHI).

The Herfindahl index is calculated by summing the square of the market share of all firms in the industry. For this question, it can be calculated as follows:

Herfindahl index = (12^2 * 5) + (8^2 * 5) = 720 + 320 = 1,040.

At her current level of consumption, Jess gets half as much marginal utility from an additional bagel as from an additional muffin. If the price of muffin is $2 each, then Jess is maximizing her utility if the price of a bagel is:

Answers

Answer: $1

Explanation:

From the question, we are informed that at her current level of consumption, Jess gets half as much marginal utility from an additional bagel as from an additional muffin.

Since we have been informed that the price of muffin is $2 each, then Jess is maximizing her utility if the price of a bagel is:

= $2/2

= $1

It should be noted that utility simply means satisfaction that is gotten when one uses a particular product or service.

As the Toronto-based Four Seasons hotel chain remodels an existing hotel in Mumbai to bring it to the five-star hotels exacting standards, it is building a magnificent revolving restaurant overlooking the Arabian Sea at World. The restaurant structure is an example of a(n):

Answers

Answer:

Horizontal expansion model

Explanation:

Renovation in Horizontal expansion model is one in which current business is upgraded with some new features to add value and another branch is opened to serve its customers. The customers needs are kept in mind before going for a renovation process.

Suppose GDP in this country is $900 million. Enter the amount for consumption. National Income Account Value (Millions of dollars) Government Purchases ( G ) 250 Taxes minus Transfer Payments ( T ) 325 Consumption ( C ) Investment ( I )

Answers

Final answer:

Gross Domestic Product (GDP) is the total value of all final goods and services produced within a country in a given time period. To find the amount for consumption, we need to use the basic GDP equation and calculate the values for taxes minus transfer payments and investment. The subject of this question is Economics and the grade is High School.

Explanation:

The subject of this question is Economics and the grade is High School.

Gross Domestic Product (GDP) is the total value of all final goods and services produced within a country in a given time period. In this case, the GDP is $900 million.

To find the amount for consumption, we need to use the basic GDP equation:

GDP = Consumption (C) + Investment (I) + Government Purchases (G) + Net Exports (NX)

Given that the GDP is $900 million and the government purchases are $250 million, we need to find the values for taxes minus transfer payments (T) and investment (I) to calculate the consumption (C).

Learn more about Gross Domestic Product here:

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Bruce is a single father with 1 child. He can work as a bagger at the local grocery store for $6 per hour up to 1,200 hours per year. He is eligible for welfare, and if he does not earn any income, he will receive $15,000 a year. If Bruce works, the government policy is to deduct 60 cents from his welfare stipend for every $1 that he earns in income. With this policy in place, if Bruce works 600 hours, his income will be

Answers

Answer:

Total income= $16,440

Explanation:

Giving the following information:

Bruce is a single father with 1 child. He can work as a bagger at the local grocery store for $6 per hour. He is eligible for welfare, and if he does not earn any income, he will receive $15,000 a year. If Bruce works, the government policy is to deduct 60 cents from his welfare stipend for every $1 that he earns in income. With this policy in place, if Bruce works 600 hours, his income will be.

Work= 600*6= 3,600

Welfare= 15,000 - (3600*0.60)= 12,840

Total income= $16,440

The company’s president has asked the Chief Financial Officer (CFO) to record an additional $75,000 of revenue at the end of the year without providing supporting documentation. What is the most ethical thing to do?

Answers

Answer:

It is unethical for the CFO to record the additional $75,000 without receipts and supporting documents

Explanation:

The company balance sheet needs to reflect the true financial position of the firm, hence the right thing to do is to ask for documentation and receipts before recording the additional $ 75,000.

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