Ultra slim 1920 1080 Blackboard Remaining Time 31 minutes 56

Ultra slim (1920 1080 Blackboard Remaining Time: 31 minutes, 56 seconds. Question Completion Status: QUESTION 9 Net profit from the operations equals the revenues less the overhead o True O False QUESTION 10 A piece of equipment is purchased for $110,000 and has an estimated salvage value of $10,000 at the en A piece of equipment is purchased for $10,000 and has an estimated salvage value of $10,.000 at the en a useful life of eight years What is depreciation amount for each year? 20,000 O 14.286 12,500 13.500 QUESTION 11 A piece of equioment is purchased for $110,000 and has an estimated salvage value of $10,000 at the end o a useful life of eight years. Click Save and Submit to save and submit. Click Save All Answers to save all answers

Solution

9) True. Net profit is revenue- overhead costs. Overhead ratio is a metric that allows companies to evaluate expenses as a percentage of income