Answer:
$14,250
Explanation:
Annual depreciation = (Cost - Salvage value) / Useful Life
Annual depreciation = ($60,000 - $3,000) / 8
Annual depreciation = $57,000 / 8
Annual depreciation = $7,125
Accumulated dep. at December 31, 2022 = $7,125 * 2
Accumulated dep. at December 31, 2022 = $14,250
So, the balance in accumulated depreciation using the straight-line method at December 31, 2022 is $14,250.
Answer:
Sparrow Co's automobiles are premium brands that command premium prices
Explanation:
The fact that both automobile makers incurs the same cost of $9,000 is just one of many factors to consider because the processes involved in manufacturing are not necessarily the same.
Besides,the level of workforce efficiency and the state of technology deployed are not necessarily the same.
It could also be that Sparrow Co. was able to achieve same level of cost with Bison Autos because it adopted modern cost reductions techniques such as Just-In Time which eliminates the need to keep inventory, thereby eliminating excessive costs of holding inventory.
All in all,Sparrow Co,could project itself as a maker of high-end brands and increase prices as appropriate.
I believe the answer is B
Answer:
Yes their combined contribution of $120 is sufficient to pay the security guard
Explanation:
This is a form of non-rival service that does not get reduced by consumption by one of the parties. The security guard protects the entire neighbourhood.
Also it is a non-excludable service. If one party does not pay he will still enjoy the service.
Based on their income information and the fact that they are taxed 1%
Jack will pay 0.01 * 4,000 = $40
Jill will pay 0.01 * 8,000 = $80
The total sum is 40 + 80 = $120
As the security guard requires $120 to do the job, their contribution is sufficient.
However the value to Jack is $50 and he pays $40 so he has an excess value of $10
Jill gets a value of $90 but pays $80, so she gets an excess value of $10
