If an asset has a cost of $75,000, a salvage value of $48,500, and the annual straight line method depreciation expense is $3,000, what is the useful life of the asset?

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

The questions of economics address which of the following ? check all that apply