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Author Question: Before Christmas, the price of a necktie in a Patrick's Store for Men was 40 . At the post-Christmas ... (Read 202 times)

shofmannx20

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on: Jun 24, 2018
Before Christmas, the price of a necktie in a Patrick's Store for Men was 40 . At the post-Christmas sale, the price was 26 . By what percent had the price of the necktie been reduced?

Question 2

A legal office using the straight-line method of depreciation purchased office furniture costing 36,00 . and put it into use May 1 . The furniture is expected to have a useful life of 10 years and an estimated resale value of 2,400 . Compute the book value at the end of the third year.


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zogaridan

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Reply #1 on: Jun 24, 2018
Answer to Question 1

40 - 26 = 14; 14 40 = 0.35 or 35

Answer to Question 2

27,040


shofmannx20

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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