A company purchased a weaving machine for $307,320. The machine has a useful life of 8 years and a residual value of $17,000. It is estimated that the machine could produce 764,000 bolts of woven fabric over its useful life. In the first year, 112,000 bolts were produced. In the second year, production increased to 116,000 units. Using the units-of-production method, what is the amount of depreciation expense that should be recorded for the second year?

When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.