Using the MACRS rates from the following table, what is the book value of a $3,500 computer after 2 years? Year MACRS Rate 1 20.0 % 2 32.0% 3 19.2 % 11.52% 11.52 % book value = [?] Round to the nearest hundredth. 45
Q: Journal епхоу? a. Issued 1,000 shares of $10 par common stock at $59 for cash.
A: Introduction: Issuing common stock gives the holders, the ownership of an organization. Along with…
Q: In January 2013, Edi Thomas and George Lopez agreed to produce and sell chocolate candies under the…
A: Given: January 2013, Edi Thomas and George Lopez started company T&L chocolates. Thomas…
Q: sound financial management is the key to the prosperity of the business. Explain briefly any three…
A: Introduction: The corporate activity of using current financial resources to increase business…
Q: Selling, General & Administrative
A: Income statements refer to the financial reporting of the details of the income and expenses of…
Q: Assume that your company is an all-equity firm with 1,000,000 shares outstanding. The company's EBIT…
A: Given: Number of shares outstanding = 1,000,000 shares EBIT = $10,000,000 EPS =DPS (Company…
Q: 45 On January 1, 2019, an entity purchased equity investments held for trading (see attached image).…
A: Expenses - An expense is a cost associated with the production and sale of a product. In a firm,…
Q: 20,000 when it sells 40,000 units. If total fixed costs are $40,000,
A: A variable cost is an expense that changes depending on how much product is produced or sold.…
Q: eBook Print tem Current Liabilities By the Month Inc. sold 15,000 annual magazine subscriptions for…
A: Current liabilities are the liabilities which are to be paid within a year. The working for current…
Q: JE for A?
A: Here asked for the journal entry related with the construction of library and its total proceedings…
Q: On Oct 1, 20X1, ABC Company acquired an equipment for P102,000. Estimated residual value is P2,000…
A: Depreciation is the decrease/reduction in the value of asset due to its use, wear and tear. The…
Q: Discuss critically how Decentralization can be used as a tool to enhance rural and urban…
A: decentralization means to distribute the power to the subordinate level. This division of power is…
Q: 5) Suppose that P5,000,000 is allocated for sales department, marketing department and advertising…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: You bought 100 shares of stock at $25 each. At the end of year 1 you received $300 in dividends and…
A: Given, Beginning Value of Investment (Vo) =No of shares*Market Price per share…
Q: Accounts Receivable Analysis A company reports the following: Sales $192,720 Average accounts…
A: The accounts receivable turnover ratio indicates the efficiency of a company in collecting the…
Q: The incorporation of a partnership is one cause of its dissolution. O True False
A:
Q: Use the following information for the next four items: Light Company bought a machine for P300,000…
A: Some time fair value is more than the book value and that amount is shown as capital gains and after…
Q: 37)At Dec 31, Michael Corp has the following bank information: Cash balance per bank $4,500…
A: Adjusted cash balance is the amount of money that we should have in our bank account on a particular…
Q: Accounts Payable $ 35,000 Ending Retained Earnings $ 55,500 Accounts Receivable 47,400 O…
A: Accounts receivable, prepaid rent, cash, supplies are current assets. Accounts payable and differed…
Q: The company sells on terms 2/10, net 30. Total sales for the year are P1,000,000, of which P100,000…
A: Total sales is the combination of cash sales and credit sales. Accounts receivables is the amount to…
Q: What is Activity Base Cost Management?
A: Introduction: Activity-based management is a tool that helps according to processes and provides the…
Q: The Silver Ray Corporation was organized on January 1, 2018 with authorized share capital consisting…
A: The share premium is the excess amount received from issuance of shares as compared to par value of…
Q: Kirsten believes her company's overhead costs are driven (affected) by the number of direct labor…
A: Earlier,Company was supposed to use absorption costing for calculating overhead rate.Now,Company can…
Q: no scans were conducted. Kristy Ross, an IMI co-founder and vice president, reviewed and edited the…
A: False advertising, also referred to as deceptive advertising, is a kind of marketing that confuses…
Q: What is net income? O 30,000 O 44,600 O 55,000 435,000
A: The net income is calculated as difference between revenue and expenses of the current period. Net…
Q: Given the following information: Total assets Total liabilities $ $360,000,000 18,000,000 28,000,000…
A: Net Asset value per share = (Total Assets – Total Liabilities)/ Total number of shares
Q: The following selected transactions were completed by Lim Supply Co., during March of the current…
A: Journal is the primary book of accounts where transactions are originally recorded. Further, a…
Q: Why is cost estimation an important function in managerial accounting?
A: Cost estimation involves predicting the cost to be incurred for the production of goods and services…
Q: The Collins Company uses a job-order costing system and applies manufacturing overhead cost to jobs…
A: Predetermined overhead rate =200000/160,000 = 1.25 General Journal entries: a. Raw materials…
Q: On Jan 1, 20X1 ABC Mining Co. purchased a mine for P2,640,000 with removable ore estimated at…
A: Depletion expense: Depletion is used for the natural resource assets. Depletion expense means the…
Q: (a) The bank statement balance is $4,690. (b) The cash account balance is $5,080. (c) Outstanding…
A: Introduction: Bank Reconciliation statement: To reconcile the differences between Bank book and cash…
Q: Journalise the follo. transactions. Jan Started business with cash Rs 200000 ^2. Purchased goods for…
A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…
Q: What is May’s new Profit and Loss Ratio after the admission of Julie?
A:
Q: What is the amount of total assets? 398,800 598,000 613,000 493,000
A: Assets are the resources being held by the business. These can be current assets or non current…
Q: a. Prepare journal entries to record the preceding information. b. Determine the February ending…
A: S. No. Particulars Debit ($) Credit ($) 1. Raw Material Inventory Accounts Payable To…
Q: Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed…
A: Fixed cost in Total remains constant. Variable Cost is required per each additional unit.
Q: On January 1, 2019, an entity acquired 30% of the voting share capital of another entity for…
A: The requirement is to find the carrying amount of investment on 30 June 2020. The investor has…
Q: April Issued 5,000 share of Common Stock, $2 par for $17 per share. Record the journal entry.
A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…
Q: Cash balance per bank $4,500 Outstanding checks $200 Deposits in transit $1,000 Credit memo for…
A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…
Q: Accountants for Morston, Inc. have assembled the following data for the year ended December 31,…
A: Cash flow statements includes: Cash flows from Operating activities Cash flows from Investing…
Q: Which method separating mixed cost is most accurate? Provide reasons for your answer based on the…
A: Cost under accounting can be of two types i.e. fixed cost and variable cost. The accosting records…
Q: Cash balance per bank $4,500 Outstanding checks $200 Deposits in transit $1,000 Credit memo for…
A: Introduction: Bank reconciliation statement: To reconcile the differences between cash and pass book…
Q: a. Using the "2020 Quarterly Revenue" worksheet provide the relevant formulas to complete the…
A: The quarterly income means the income that is earned in a quarter. The sales revenue is the revenue…
Q: Problem 2-1A Preparing and posting journal entries; preparing a trial balance LO C3, C4, A1, P1, P2…
A: Introduction: Journal entry is primary recording of each and every transaction that has occurred in…
Q: n Jan 1, 20X1, ABC Corp purchased a patent for P90,000. At the time
A: Patent: It is an intangible assets / intellectual property or legal documents that gives right to…
Q: 37)At Dec 31, Michael Corp has the following bank information: Cash balance per bank $4,500…
A: Cash Balance as per Bank 4,500 Add- Deposit in transit 1,000 Less-…
Q: Engberg Company Installs lawn sod in home yards. The company's most recent monthly contribution…
A: In order to determine the contribution margin, the variable expenses are required to be subtracted…
Q: 1. Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the following…
A: Gross debt ratio is the percentage of the income needed to pay off all the. Monthly housing costs…
Q: Required information Use the following information for the Exercises below. (Algo) [The following…
A: Income statement is a part of financial statements of the companies and it is prepared at the end of…
Q: Ocean Company is conducting a cost-volume-profit (CVP) analysis and has just prepared the following…
A: In accounting CVP analysis or cost volume profit analysis is an important analytical process. The…
Q: Choose the appropriate answer for each of the following: 1- The interest from the depreciation…
A: Answer 1:- Correct option is (a) that is, "To determine the method for restoring the invested…
using the macrs rates from the following table, what is the book value of a $3500 computer after 2 years?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Accounting Questiont.php?attempt%3D1347310&cmid3D701917&page3D2 E-learning services SQU Libraries SQU Portal Attendance English (en) Ali decided to install a new internet fiber service. He signed a contract with Company XYZ. The contract states that Ali pays a monthly subscription fee. Ali's monthly internet cost can be classified as a: t of estion Select one: a. Sunk cost b. Fixed cost C. Moderation cost O d. Mixed cost Oe. Variable cost ious page Next page - Answers to Ch3 Additional Exercises Jump to Exam 1 Part 2- Sp20rive - Google Drive 4 My Drive - Google Drive + Front Desk Operations 2020 - Go X akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=D&inprogress%3false ☆ Tp ix 02 TVCC Email P My Math Lab Log In to Canvas EX Mathway | Calculus... N Netflix , Cengage Login Login 国R. Operating Leverage Beck Inc. and Bryant Inc. have the following operating data: Beck Inc. Bryant Inc. Sales $165,000 $505,000 Variable costs 66,200 303,000 Contribution margin $98,800 $202,000 Fixed costs 60,800 101,000 Income from operations $38,000 $101,000 a. Compute the operating leverage for Beck Inc. and Bryant Inc. If required, round to one decimal place. Beck Inc. Bryant Inc. b. How much would income from operations increase for each company if the sales of each increased by 10%? If required, round answers to nearest whole number. Dollars Percentage Beck Inc. $4 % Bryant Inc. c. The difference in the of income from operations is due to the difference in the operating leverages. Beck Inc.'s…
- rive - Google Drive Z My Drive - Google Drive x + Front Desk Operations 2020 - Go X + akeAssignment/takeAssignmentMain.do?invoker%=&takeAssignmentSessionLocator=&inprogress3false * Tp ix o TVCC Email P My Math Lab | Log In to Canvas XMathway | Calculus.. N Netflix . Cengage Login Login Read Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals. The balance in the account Work in Process-Filling was as follows on January 1: Work in Process-Filling Department (3,500 units, 30% completed): Direct materials (3,500 x $10.60) $37,100 Conversion (3,500 x 30% x $6.80) 7,140 $44,240 The following costs were charged to Work in Process-Filling during January: Direct materials transferred from Reaction…My Drive - Google Drive X 4 My Drive - Google Drive Front Desk Operations 2020 - Go X + ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3Dfalse Tp Netflix 0z TVCC Email P My Math Lab Log In to Canvas X Mathway | Calculus.. N Netflix Cengage Login * Login Readin- Darby Company, operating at full capacity, sold 114,800 units at a price of $108 per unit during the current year. Its income statement is as follows: Sales $12,398,400 Cost of goods sold 4,392,000 Gross profit $8,006,400 Expenses: Selling expenses $2,196,000 Administrative expenses 1,332,000 Total expenses 3,528,000 Income from operations $4,478,400 The division of costs between variable and fixed is as follows: Variable Fixed Cost of goods sold 60% 40% Selling expenses 50% 50% Administrative 30% 70% expenses Management is considering a plant expansion program for the following year that will permit an increase of $972,000 in yearly sales. The expansion will increase fixed costs by…Learning SE MINDTAP evo/index.html?deploymentid=60338517901669990751687760&elSBN=9780357517642&nbld=3626933&snap... ☆ lomework 6300. 1 mancial Lailuialvi vi a spicoubnicel. Hide Feedback Correct X f6 Quantitative Problem 1: You plan to deposit $2,200 per year for 6 years into a money market account with an annual return of 2%. You plan to make your first deposit one year from today. a. What amount will be in your account at the end of 6 years? Do not round intermediate calculations. Round your answer to the nearest cent. 4 b. Assume that your deposits will begin today. What amount will be in your account after 6 years? Do not round intermediate calculations. Round your answer to the nearest cent. 6 Hide Feedback Incorrect F Check My Work Feedback Review the FVAN definition and its equation. Q Search Understand the difference between an ordinary annuity and an annuity due. Be careful about the order of mathematical operations if using the equation. If using a financial calculator, be…
- - Google Drive X 4 My Drive - Google Drive +Front Desk Operations 2020 - Go X + Assignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress%-false * Tp Ask 0 TVCC Email P My Math Lab Log In to Canvas X Mathway | Calculus.. N Netflix Cengage Login Login Rea Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals. The balance in the account Work in Process-Filling was as follows on January 1: Work in Process-Filling Department (3,500 units, 30% completed): Direct materials (3,500 x $10.60) $37,100 Conversion (3,500 x 30% x $6.80) 7,140 $44,240 The following costs were charged to Work in Process-Filling during January: Direct materials transferred from Reaction Department: 45,200…O X A WA Probability 1- Intro to Probabi X B5 Probability 1: Introduction to Prol X * O -> webassign.net/web/Student/Assignment-Responses/submit?dep3D28685826&tags%=Dauto. <* MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Shipping constitutes a large part of the budget for online retailers. One such retailer ships fragile items that occasionally get broken and have to be replaced/re-shipped. Historically, 8% of these items have gotten broken during shipping. (a)If an item is shipped, what is the probability that it does not get broken? In other words, what is P(not broken)? Express your answer as a decimal rounded to two decimal places. (b) If the retailer ships 4 separate items, what is the probability that none will be broken during shipping? Express your answer as a decimal rounded to three decimal places. Submit Answer 7 O 10:29 IlimyOpenMath Course Messages Forums Calendar | Gradebook Home > Math 173-4 Spring 2024> Assessment Quiz 2 (Sec. 1.5-1.7) 54 points possible 5/12 answered Question 6 The graph of the function y = f(x - 39) can be obtained from the graph of y = f(x) by one of the following actions: > Next Question Home | My Oshifting the graph of f(x) to the right 39 units shifting the graph of f(x) to the left 39 units shifting the graph of f(x) upwards 39 units shifting the graph of f(x) downwards 39 units
- blem Set: ModX * CengageNOWv2 | On x * Cengage Learning B Milestone Two Guidel x G module 5 problem set X ow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=. Lo еВook Show Me How Entries for notes payable Bennett Enterprises issues a $660,000, 45-day, 9%, note to Spectrum Industries for merchandise inventory. Assume a 360-day year. If required, round your answers to the nearest dollar.If an amount box does not require an entry, leave it blank. a. Journalize Bennett Enterprises' entries to record: 1. the issuance of the note. 2. the payment of the note at maturity. 2 b. Journalize Spectrum Industries' entries to record: 1. the receipt of the note. 2. the receipt of the payment of the note at maturity. Previous Check My Work 56°F Mostly cloudy ヘ 回。- Main View | Course X * CengageNOWV2| Online teachin X University of Sioux Falls, South D x - genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%3D&inpro... eBook Average Rate of Return-Cost Savings Maui Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $90,000 with a $8,000 residual value and a ten-year life. The equipment will replace one employee who has an average wage of $15,980 per year. In addition, the equipment will have operating and energy costs of $4,350 per year. Determine the average rate of return on the equipment, giving effect to straight-line depreciation on the investment. If required, round to the nearest whole percent. ICDA. 7-2 Project: Company Accour x D2L 7-1 Problem Set: Module Sev X CengageNOWv2 |Online tea X Cengage Learning + x ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator=&inprogress%3Dfalse 电 手 eBook Show Me How Long-Term Solvency Analysis The following information was taken from Celebrate Company's balance sheet: Fixed assets (net) 006'86$ 000 1,471,050 Long-term liabilities Total liabilities Total stockholders' equity 1,634,500 Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders equity (Previous Check My Work 330 PM hp 144 114