Norwood, Inc purchased a crane at a cost of $80,000 . The crane has an estimated residual value of $5,000 and an estimated life of 8 years, or 12,500 hours of operation. The crane was purchased on January 1, 2016 and was used 2,700 hours in 2016 and 2,600 hours in 2017. Refer to the information about Norwood, Inc If Norwood uses the straight-line method, what is the book value at December 31,
2018?
a. $46,875
b. $51,875
c. $62,500
d. $67,500
b
You might also like to view...
The basic formula for ________ is Price = Direct costs + Overhead + Profit margin.
A. Return on investment B. Net profit C. Contribution margin D. Cost-based pricing E. ABC costing
What does a degree of financial leverage (DFL) of 2.0 indicate?
A. For every 1 percent change in sales, the EBIT will change by 2 percent. B. For every 1 percent change in EPS, the sales will change by 2 percent. C. For every 1 percent change in EBIT, the EPS will change by 2 percent. D. For every 1 percent change in EPS, the EBIT will change by 2 percent. E. For every 1 percent change in EBIT, the sales will change by 2 percent.
_____ is a price reduction offered by manufacturers to intermediaries such as wholesalers or retailers, in exchange for performance of specified functions or purchasing during special periods.
A. A point-of-purchase discount B. Pull money C. A quantity discount D. A functional discount E. A trade allowance
What are some of the major emerging trends in the field of marketing research?
What will be an ideal response?