A new sports car costs $40,000 and depreciates $3000 per year. Assuming that the rate of depreciation is constant, determine the following:
(i) equation for the depreciation function.
(ii) How much will the car be worth in 5 years?
Answers
The solution is:i) Depreciation function of the sports car:To find the depreciation function of the sports car, we need to determine the slope-intercept form of the depreciation function by identifying the slope and the y-intercept.Slope: Since the sports car depreciates at the constant rate of $3,000 per year, the slope is given by:$$\begin{aligned} \text{slope } &= \frac{\text{change in value}}{\text{change in time}} \\ &= \frac{-3000}{1} \\ &= -3000 \end{aligned}$$Y-intercept:
The y-intercept is the initial value or the original cost of the sports car. Therefore, the y-intercept is $40,000$.Thus, the equation of the depreciation function can be given by the slope-intercept form as:$$y = mx + b$$$$\text{where m is the slope and b is the y-intercept}$$$$\therefore \ y = -3000x + 40,000$$ii) The value of the car in 5 years:The value of the sports car in 5 years can be found by substituting the value of x = 5 into the depreciation function obtained above as:$$\begin{aligned} y &= -3000x + 40,000 \\ &= -3000(5) + 40,000 \\ &= -15,000 + 40,000 \\ &= 25,000 \end{aligned}$$Therefore, the car will be worth $25,000 after 5 years.
know more about Depreciation function,here:
https://brainly.com/question/23932799
#SPJ11
Related Questions
a perpetual record that is updated each time materials are purchased and each time materials are issued for use in production is called a(n): multiple choice materials ledger card. purchase ledger. materials requisition. materials voucher. purchase order.
Answers
A Materials ledger card is a perpetual record of a raw materials item that stores data on the number and cost of units acquired, units issued for use in production, and units that remain in the raw materials inventory.
What is a Materials Ledger Card?
Raw material units passing through a warehouse are manually recorded on a materials ledger card. The card includes a running total of the quantity of each sort of inventory that is currently in stock. To make sure there are enough raw materials on hand to support planned production activities, materials ledger cards are helpful for keeping track of the on-hand balance of each type of raw material. The cards are also used to keep track of how much each raw material is utilised, which can help determine when and how much to buy in the future. In the event that missing unit cases are investigated, the cards can serve as a baseline record of utilisation levels.Computerized warehouse management systems do not use materials ledger cards.To know more about Material ledger card visit:
https://brainly.com/question/14319811
#SPJ1
Which of the following is the term
used to describe giving up one thing
to get another?
A. opportunity cost
B. incentive
C. salary
D. investment savings plan
Answers
The term which is used to describe giving up one thing to get another is the opportunity cost.
What is the opportunity cost?Opportunity cost refers to the value of what you lose when choosing between two or more options. Thus, it refers to what you have to give up in order to buy what you want in terms of other goods or services.
This decision of choosing is made when you feel that the choice which you have made will have better results for you regardless of what you lose by making it.
For instance, you spend time and money going to a movie, you cannot spend that time at home reading a book simultaneously, and you can't spend the money on something else. However, here the choice is to be made.
Thus, the cost of making a choice is that the next best alternative is forgone is know as the opportunity cost.
Hence, option A is correct.
To learn more about Opportunity cost here:
https://brainly.com/question/12121515
#SPJ2
When opening an account What are the 3 things you need to do?
Answers
You must decide on a bank and give it the required documentation, such as identification and proof of address, in order to opening an account.
Usually, in order to be eligible, you must be 18 years old. Finally, in order to avoid costs, you might need to fund the account or maintain a minimum level. You will require a government-issued ID, your ID number, and your physical and mailing addresses in order to open an account.
You should read the disclosures before choosing an account so that you are aware of any account fees or minimum balance requirements. Depending on the characteristics you need, such as high interest rates, low minimum balance requirements, no ATM fees, or something else, you can choose the bank or account you desire. You must provide the bank or credit union with paperwork when you open a new bank account so they can confirm your identity.
learn more about opening an account here:
brainly.com/question/28237627
On March 1st, Jared buys Matthew's car for $10,000 and they agree that Jared will pay Matthew the full amount by June 1st. Jared begins making payments to Matthew, but on May 1st, Jared still owes Matthew $5000. On May 1st, Jared sells Sarah his motorcycle for $5000. Jared and Sarah agree that Sarah will not pay Jared $5000, but Sarah will instead pay Matthew the $5000 Jared still owes him. Matthew agrees to receive the $5000 from Sarah. After making this agreement, Jared changes his mind and tells Sarah to pay him on May 1st and not Matthew. Can Jared do this
Answers
Answer: No, an assignment for consideration is irrevocable
Explanation:
The above scenario explains an assignment. An assignment simply occurs when an individual who is regarded as the assignor, transfers benefits to another person who is the assignee.
With regards to the situation in the question, it is not possible for Jared to change his mind and tells Sarah to pay him on May 1st and not Matthew. This is because this is an assignment for consideration which in this situation is irrevocable. The assignment will be deemed ineffective if the assignor doesn't receive consideration for the agreement.
The pros and cons of new product concepts are analyzed during the idea generation phase of new product development.
True
False
Answers
Why is doing timely reconciliations a key part of internal control activities?
It ensures that
Answers
Answer:
It ensures that the Effective internal control reduces the risk of asset loss, and helps ensure that plan information is complete and accurate, financial statements are reliable, and the plan's operations are conducted in accordance with the provisions of applicable laws and regulations. ... Why internal control is important to your plan.
Answer: It is much easier to correct mistakes if they are caught early.
Explanation:
Believe me do not listen to the other person who answered this
Is profit the same as cash flow?
Answers
Answer:
No
Explanation:
Cash flow refers to the money that flows in and out of your business. It's income and expenses.
Profit, however, is the money you have after deducting your business expenses from overall revenue. Both are important, but cash flow is essential to keep your business running in the here and now.
in terms of the stock market, what does a "bear" believe?
Answers
In terms of the stock market, a "bear" is an investor or trader who holds a pessimistic or negative outlook on the market.
A bear believes that the prices of stocks or the overall market will decline or experience a prolonged period of downward trend. They anticipate that stock prices will fall, and they may actively engage in strategies to profit from these expected declines, such as short selling or buying put options.
Bearish typically base their beliefs on various factors, including fundamental analysis, economic indicators, market trends, or other factors that they perceive as negative for the market. Some of the reasons a bear may hold a negative view on the market include concerns about an economic recession, geopolitical instability, high valuations, overvaluation of specific sectors or stocks, poor corporate earnings, or unfavorable government policies.
Overall, bears expect the market to perform poorly, and they may take positions that benefit from declining stock prices or look for opportunities to sell stocks and exit the market. Their outlook is characterized by caution and a belief that stock prices are likely to decrease in the future.
Learn more about pessimistic here:
https://brainly.com/question/31027145
#SPJ11
The difference between operating profits in the master budget and operating profits in the flexible budget is called the:________
Answers
sales activity variance
The difference between a product's actual and budgeted sales volumes is multiplied by the normal profits, contributions, or revenue per unit to get the product's sales volume variance. The metric is a way to measure sales success based on the cost of meeting or not meeting your forecasted sales.
Sales volume variance is the difference between what an organization expects to sell and what it actually sells, which causes a variation in profits or contributions margins. On the basis of the normal mix of goods and services, we determine the SQV for a set period of time.
To know more about sales activity variance refer to https://brainly.com/question/4127264
#SPJ4
B. A customer sees a house they want, but it's not for sale because it's owned by someone else. How would you go about approaching the current home owner about possibly selling their home to your buyer?
Answers
Answer:
conditional offer is an agreement between two parties that an offer will be made if a specific condition is met. Conditional offers are used in real estate transactions whereby a buyer's offer on a home is contingent on something getting done for the purchase to go through
candace purchased her first home in 2008, right before the great recession. during the great recession, the value of her home plummeted, and she has never been able to fully recover financially. in contrast, her younger sister purchased her first home in 2013, and it has increased steadily in value. this change in her sister's status compared to her own has frustrated candace since they made similar financial decisions. what form of mobility is causing candace distress?
Answers
Based on the information provided, form of mobility that is causing candace distress is: B. vertical mobility.
What is recession?Recession can be defined as a period of economic meltdown that is typically characterized by very slow economic activities such as any or all of the following:
Low tradeInflationLower money supply.What is economic mobility?In Economics, economic mobility can be defined as a measure of the ability of a person, family, household, or other group of people to either improve or lower their economic status. Also, economic mobility is typically measured based on an individual's income.
Generally speaking, vertical mobility can be defined as a measure of movement of an individual from a particular social status to either a lower one (downward mobility) or higher one (upward mobility).
Read more on recession here: brainly.com/question/1417711
#SPJ1
Complete Question:
Candace purchased her first home in 2008, right before the Great Recession. During the Great Recession, the value of her home plummeted, and she has never been able to fully recover financially. In contrast, her younger sister purchased her first home in 2013, and it has increased steadily in value and quickly came to surpass the value of Candace's home. This change in her sister's status compared to her own has frustrated Candace since they made similarly wise financial decisions and were equally responsible about home ownership. What form of mobility is causing Candace distress?
Horizontal mobility
Vertical mobility
Absolute mobility
Relative mobility
Answer: relative mobility.
Explanation: Lanuel, disrespectfully, you can shove this question up ur anus and you still won't know the answer. thanks for the wrong answer. I wish you eternal hell.
Jessica has brought in $10,000 of her personal funds to expand her business. How will it affect the accounting equation?
A. Assets ↑ (10,000) = Liabilities + Owners’ Equity ↑ (10,000)
B. Assets = Liabilities ↑ (10,000) + Owners’ Equity ↓ (10,000)
C. Assets ↑ (10,000) = Liabilities + Owners’ Equity ↓ (10,000)
D. Assets = Liabilities ↑ (10,000) + Owners’ Equity ↑ (10,000)
E. Assets↑ (10,000) = Liabilities ↑ (10,000) + Owners’ Equity
Answers
Answer:
A. Assets ↑ (10,000) = Liabilities + Owners’ Equity ↑ (10,000)
Explanation:
The funds brought in will increase the cash held by the business. Cash is an asset, meaning assets will increase by $10,000.
The $10,000 will be an additional capital contribution from Jessica. The business's capital will go up by $10,000. It means equity will increase by $10,000.
James would like to create a sole proprietorship operating under the name Super
Lawn Care. Which of the following is true? (1 point)
James will need to register the business with his local state as the
name of his business differs from his own.
James does not need to register his business anywhere since a sole
proprietorship never requires registry.
James will need to register the business with his local city as the
name of his business differs from his own.
James will need to register the business with the federal
government as the name of his business differs from his own.
Answers
Answer:
James will need to register the business with his local state as the
name of his business differs from his own.
Explanation:
The answer is A. because Jane will definitely need to register the business name with Local State because his name is different from the businesss'
According to the regulation of State, every business owner must register its business name with the Commission in charge because Business name is different from Owner name.
The Registration of business name with the State protects the name at the State level and thus prevent other business owner to use such name for business.
Thus, in conclusion, Jane does need to register his business name with his Local State because his Name is different from Business name.
Learn more about this here
brainly.com/question/1428023
a stock has an average annual historical return of 18.13 percent and a standard deviation of 6.95 percent. what is the positive return you expect to see 16 percent of the time?
Answers
The positive return we expect to see 16% of the time is 11.18% while the the stock has historically returned 18.13 percent annually on average, with a standard deviation of 6.95 percent.
Positive Return = Average Return + Z-Score x Standard Deviation
First, we need to find the Z-score using the standard normal distribution table.The standard normal distribution table is a mathematical table that relates the probabilities to the value of the standard normal variable Z. By using this table, we can quickly determine the probability of a certain event happening with the help of the Z-score.
Z-score = InvNorm (Probability)
InvNorm is the inverse function of the normal distribution. The InvNorm function gives us the Z-score associated with a particular probability. It is also known as the inverse normal function.The probability is 16%
.The Z-score associated with a probability of 16% is -1.00 (rounded to two decimal places).
Next, let's substitute the known values into the formula.
Positive Return = Average Return + Z-Score × Standard Deviation
Positive Return = 18.13% + (-1.00) × 6.95%
Positive Return = 11.18%
Therefore, we can expect a positive return of 11.18% to happen 16% of the time.
To know more about Z-score, visit https://brainly.com/question/25638875
#SPJ11
Help please!!!!!!!!!!!!
Answers
A tangible item such as a smartphone contains multiple intellectual property elements that are crucial in protecting the company's interests and ensuring the item's success in the market.
How to describe a tangible intellectual property?A smartphone is a tangible item that contains several intellectual property elements. First, it may contain patented technology, such as its camera or fingerprint scanner, which are protected by exclusive rights granted by the government.
Second, it may bear a trademark, which is a word, symbol, or design that identifies and distinguishes the product from others. The trademark may include the company's logo or the name of the smartphone model. Third, it may contain copyrighted software, such as the operating system or pre-installed apps, which are protected by the copyright laws.
Find out more on intellectual property at https://brainly.com/question/169200
#SPJ1
What is true about contemporary Indian Economy
Answers
Answer:
There is a great scope for its growth in the future.
Hope this helps.
Qua E. Differentiate between the terms Public Sector and Private Sector
Answers
Answer:
The Public Sector consists of businesses that are owned and controlled by the government of a country. The ownership and control of the central or state governments in these organisations are either complete or partial. But it still holds a majority stake and makes every single decision regarding running the entity. These organisations include government agencies, state-owned enterprises, municipalities, local government authorities and other public service institutions.
Some of them can be non-profit organisations while others participate in commercial activities as well. It generally focuses on providing goods and services to the general public at relatively cheaper rates than private companies. Its main aim is to ensure the welfare of the general public within a country.
Explanation:
The Private Sector enterprises are owned, controlled and managed either by individuals or business entities. It can be small-scale, medium-scale or even large-scale organisations. These get formed to earn a profit from their business operations, and they can raise funding from individuals, groups, and the general public.
The different entities within the private sector include sole proprietorship, partnership, cooperative societies, companies and multinational corporations. They also focus on taking care of the needs of their customers to survive in the long run. Ever since the introduction of the New Economic Policy in 1991 by the Government of India, almost every industry in the country has opened up to the private sector. It has led to a phenomenal increase in the size of the Indian economy and its growth rates.
1. Antitrust laws are designed to
Answers
Answer:
Antitrust laws are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. Antitrust laws are applied to a wide range of questionable business activities, including market allocation, bid rigging, price fixing, and monopolies
Explanation:
may i have brainliest please and thank you
Which economic effect does a central bank hope to achieve by buying back large amounts of treasury security
Answers
A. It hopes to reduce the amount of money available for lending.
Explanation:
Usually, the central bank(Federal reserve) control the supply of money in circulation in the economy so that the nation's economy would be healthy. One of the ways through which the federal reserve controls the quantity of money in circulation is by selling or purchasing of government securities through a process known as open market operation.
If the federal reserve sells government securities such as treasury bills, in large quantities, its aim is to reduce the amount or quantity of money available to commercial banks for lending, hence mop up the quantity of money in circulation.
Also, if the federal reserve buys government securities, its aim is to make more money available in large quantities to commercial banks and other institutions, hence have more cash to lend people.
The economic effect that central bank are trying to effect by the process of buying back large amounts of treasury security is bring reduction to amount of money available for lending.
Treasury notes as well as bonds are securities that brings about payment of fixed rate of interest which is usually done every six months till the security reach a stage of maturity.The central bank do buy large amounts of treasury security so that the money that can be available for lending can be reduced.Therefore, this process are put in place to balance the economy.
Learn more at:
https://brainly.com/question/15004115?referrer=searchResults
Halifax Shoes has 33% of its sales in cash and the remainder on credit. Of the credit sales, 65% is collected in the month of sale, 25% is collected the month after the sale, and 5% is collected the second month after the sale. How much cash will be collected in August if sales are estimated as $84,037 in June, $73,042 in July, and $86,560 in August? Round to the nearest penny, two decimal places.
Answers
We must take into account both the credit sales collection pattern and the monthly sales made in order to determine the cash collected in August.
Given: June sales equaled $84,037 July sales were $73,042 and August sales were $86,560. The percentage of cash transactions in overall sales is 33%. Therefore, the following formula can be used to determine cash sales each month: Cash sales for June were $27,741.21 ($84,037 * 0.33). Cash sales in July were $24,084.86 (73,042 * 0.33). Cash sales for August were $28,543.20 ($86,560 multiplied by 0.33). We need to use the collecting pattern for credit sales. The percentages of collections are as follows: - Paid during the month of the sale: 65% - 25% was collected one month after the sale. - 5% was collected one month after the sale. How to calculate the money received from credit sales: Amounts received in August based on June sales, $54,625.05 ($84,037 * 0.65). Cash received in August from transactions made in July equals $73,042 * 0.25, or $18,260.50. Cash sales and money received from credit sales combined: Total cash received in August equals the sum of cash received from sales in August, June sales, and July sales. Total funds received in August were $28,543.20, $54,625.05, and $18,260.50 for a total of $101,428.75. As a result, the amount of money collected in August is $101,428.75.
learn more about sales here:
https://brainly.com/question/29436143
#SPJ11
NEED HELP ASAP, WILL GIVE BRAINLIEST
1. Variable Costs are also known as ___________
A. Cost of Goods Sold
B. Liabilities
C. Assets
D. Equity
2. The bank purchased a desk for a new employee. What type of cost is the purchase of a new desk?
A. Fixed Cost
B. Variable Cost
3. Today I sold a new 80 inch television. The sale of this item is called________?
A. Unit of Sale
B. Asset
C. Cost of Goods Sold
Answers
Answer:
Cost of Goods Sold
variable cost
evality
2. Fixed cost
3. Unit of sale
the year the volleyball was introduced
Answers
Answer:
The Year was 1895
Hope that helps!
Employees tend to stay with one company for their entire careers.
Please select the best answer from the choices provided
OTrue
OFalse
Answers
Answer:The answer would be true, unless the employee had to leave for personal reasons
Explanation:
Josh runs a kayak rental company in Florida keys. his career would fall under the education and training career cluster true or false.
Answers
Answer:
The answer is False
The number of minorities in the workforce is _____. a. diminishing b. increasing c. unchanging d. decreasing
Answers
Answer:
Option b (increasing) is the correct choice.
Explanation:
Business owners may use statistics on either the minority race demographic to select a representative sample of about there workers with either the aspects of the brand living nearby. The population group query has also been used to obtain a depend on a number element.The remaining three options are not relevant to the situation in question. It should be the correct solution to the above.
Answer:
it is b
Explanation:
hope this helps
a.
3. A written communication between two departments of a company would be made by:
Letter
b. Memo
Intercom
d. Viewdata
C.
Answers
internet service providers
An economic institution that facilitates interaction between buyers and sellers is called.
Answers
The name which is given to the economic institution that facilitates interaction between buyers and sellers is known as:
MarketWhat is a Market?This refers to the simple theory of buying and selling, where demand meets supply as one person wants to make a purchase and gets from someone that has it in exchange for value.,
With this in mind, we can see that market is an economic institution which is responsible for the buying and selling which exists between buyer and seller.
Read more about market here:
https://brainly.com/question/906651
investment transactions and events prepare journal entries to record the following transactions and events, based on the assumption that the nonprofit, with a june 30 fiscal year-end, uses a single account to record all unrealized and realized investment gains and losses. then, prepare journal entries for events 2 and 3, based on the assumption that the nonprofit separates unrealized from realized investment gains and losses. 1. on july 15, a nonprofit received a donation of apple stock that had a fair value of $60,000 at the time of the donation. the donor told the nonprofit that the stock could be sold and used only to finance a particular research project. 2. on december 31, when the nonprofit closed its books, the stock had a fair value of $61,200. 3. on february 15, the nonprofit sold the stock for $60,800. 4. on march 15, the nonprofit spent the entire $60,800 on the research project for which the donor made the gift.
Answers
In order to document a business transaction in the accounting records of the company, a journal entry is employed. A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized. After then, the general ledger is utilized to produce the company's financial statements.
In order to bring the financial statements into compliance with the applicable accounting framework, such as Generally Accepted Accounting Principles or International Financial Reporting Standards, an adjusting entry is utilized at month's end to make the necessary changes. If the business uses the accrual method of accounting, for instance, you could accrue unpaid pay at the end of the month.
To learn more about investment transactions from the given link.
https://brainly.com/question/16891927
#SPJ4
Which phrase best completes the diagram?
Macroeconomic Goals for a Society
?
Stable prices
Economic growth
A. Increased inflation
B. Per capita GDP
C. Full employment
D. Decreased production
Answers
Answer:
Full Employment
Explanation:
just took the test
The phrase that best completes the given diagram is the full employment. Option C is correct.
What is macroeconomic?Macroeconomics is defined as a discipline of economics that studies an economy's whole performance, behavior, structure and decision-making.
This includes the economics of the country, region, and the world. The main goal of macroeconomics involves the full employment, then if the country is fully employed, this will make the prices stable and at last the economic growth occurred.
Therefore, option C is correct.
Learn more about the full employment, refer to:
https://brainly.com/question/14962271
#SPJ2
hoi chong transport, ltd., operates a fleet of delivery trucks in singapore. the company has determined that if a truck is driven 105,000 kilometers during a year, the average operating cost is 11.4 cents per kilometer. if a truck is driven 92,000 kilometers during a year, the average operating cost is 11.9 cents per kilometer. if a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 13.4 cents per kilometer. using the short-cut method we learned that does not require excel, if a truck were driven 80,000 kilometers during a year, what total operating cost would you expect to be incurred?
Answers
The expected total operating cost would be $11360 when a truck is driven 80,000 kilometers during a year.
If a truck is driven 105,000 kilometers during a year, the average operating cost is 11.4 cents per kilometer. If a truck is driven 92,000 kilometers during a year, the average operating cost is 11.9 cents per kilometer. If a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 13.4 cents per kilometer.
The company wants to know what total operating cost would you expect to be incurred if a truck were driven 80,000 kilometers during a year.Using the given details, we can plot a scatter plot as follows:
Short-cut method:Let the expected total operating cost be y and expected kilometers be x.
We can use the two-point formula: y-y₁ = [(y₂-y₁)/(x₂-x₁)] (x-x₁) where (x₁,y₁)
= (105000,11.4), (x₂,y₂) =
(92000,11.9) for 80,000 km
We get:y-11.4 = [(11.9-11.4)/(92000-105000)] (80000-105000)
⇒ y = 11360
To know more about operating cost click on below link:
https://brainly.com/question/15699967#
#SPJ11