A new barcode reading device has an installed cost basis of $21,250 and an estimated service life of eleven years. It will have a zero salvage value at that time. The 200% declining balance method is used to depreciate this asset a. What will the depreciation charge be in year eleven? b. What is the book value at the end of year ten? c. What is the gain (or loss) on the disposal of the device if it is sold for $3,500 after ten years? a. The depreciation charge in year eleven will be $ (Round to the nearest dollar)

Q: Elizabeth went on a fabulous vacation in May and racked up a lot of charges on her credit card. When…

A: Average Daily Balance = sum of (Daily balance * no. of days) / total number of days

Q: The following graph shows the decreasing value of a car over time. (a) Write a sentence that…

A: Given information: We have a graph which shows the decreasing value of a car over time.  In 2 years,…

Q: ou decided to go and apply for a credit card at your local financial institution. The Prime rate…

A: Prime rate  : The  interest rate that banks charge their most  creditworthy customers . It serves as…

Q: in economic calculations how is the time value of money recognized

A: The concept of the time value of money is a crucial aspect in economics that acknowledges the…

Q: Find the savings when the income is 80 and the consumption is 60

A: Generally in the given question, Income value is = 80 Consumption value is = 60 Savings = ? Needed

Q: Carson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest.…

A: We know that the economic profit is the difference between the total sales revenue of output and the…

Q: An account was opened with $1,000 three years ago. Today, the account balance is $1,150.30. If the…

A: Interest is an amount earned on any investment. It can be basically classified as• Simple Interest…

Q: Suppose that Ruby's employer offers a retirement plan. Ruby decides to invest $350 per month into…

A: A savings plan is a kind of insurance plan in which individuals can accumulate the funds that they…

Q: Explain the main structure of a proposal and discuss what kinds of content should be included. What…

A: A proposal is a written document that outlines a plan or an idea and seeks approval, funding, or…

Q: Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous…

A: When a repayment is made, the credit balance in the account is decreased. Also, the balances of the…

Q: Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous…

A: When a repayment is made, the credit balance in the account is decreased. Additionally, the balances…

Q: Calculate Savings rate when income is $22000 and the APS is 0.48

A: APS is the average propensity to save. It is the ratio of savings and income.

Q: Transaction Description Previous balance, $2652.59 June 1 Billing date June 6 June 8 June 9 June 17…

A: The average balance is the balance on a credit or store account found in the middle value over a…

Q: This explains the change in the amount of money over time for funds that are owned or owed. a.…

A: Amount of money gets changed by many factors involved. These can be interest rate , inflation etc .…

Q: If your receive $500 in simple interest on a loan that you made for $10,000 for 5 years, what was…

A: here we calculate the interest rate charged which are as follow-

Q: Question list O Question 1 K Mary's credit card situation is out of control because she cannot…

A:

Q: What will be the Savings given that income is $3200 and APS is 0.48

A: The data presented in the question above is:- Income = $3200 Average propensity to save = 0.48…

Q: Find the savings if the income is $8443 and the consumption is $4022

A: Here, given information is: Income: $8443 Consumption: $4022 To find: savings

Q: There has been much publicity about bonuses paid to financial sector workers. Just how large are…

A: Given the time series data for bonus where we have years and the corresponding bonus

Q: Generate the future value graph of $100, $500, for 1%,2%,5%, 10% interest rate for 10 years. Please…

A: Future value (FV) is a financial concept that represents the estimated value of an investment,…

Q: In the following list of action profiles, check all the ones that are NE.

A: Nash equilibrium is a concept in game theory that represents a stable state in a strategic…

Q: CALCULATOR) Marianne wants to accumulate $140 000.00 in an RRSP by making annual contributions of…

A: Time required to pay back a borrowing is obtained using the formula: Future worth=P[(1+r)n-1](1+r)r,…

Q: No chatgpt used i will give 5 upvotes typing please

A: Monthly Payment = P*(r*(1+r)^n)/((1+r)^n-1) Where,P = Principal Amount = $60,000r = Interest rate =…

Q: You invest $5,000 in a project that makes 6% each year. How much do you have after 7 years?

A: Future value  FV = PV * (1 + r)n Where FV is the future value PV is the present value r is the rate…

Q: What is the U.S 6 month interest rate?

A: In the mentioned question we have been asked about the 6-month interest rate of the U.S.

Q: Suppose you are considering an investment project that requires $800,000, has a six-year life, and…

A: Initial investment=$800000Salvage value=$100000Fixed cost=$532000 per yearVariable cost=$42 per…