The machine's second year depreciation expense is $3,200.
Depreciation is a method that is used to expense the cost of an asset. The units-of-production depreciation method determines the depreciation expense based on the units of goods that the machine produces in a given year.
Unit of production depreciation expense = (unit of goods produced in year 2 / total units the machine can produce) x (cost of the asset - salvage value)
Total units the machine can produce = 1500 + 1250 + 1000 = 3750
(1000 / 3750) x ($15,000 - $3,000) = $3,200
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What is a Environmental scan?
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Answer:
<em><u>P (x) = 80x - 2x^2 - 3</u></em>
Explanation:
The Profit function is the revenue minus the cost.
Revenue = Price x Quantity = X.px = x(88-2x) = 88x - 2x^2
Therefore the profit function P (x):
P (x) = 88x - 2x^2 - (8x+3)
<em><u>P (x) = 80x - 2x^2 - 3</u></em>
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To maximise profit we use the 1st order condition: dP(x)/dq = 0
Therefore, 80 - 4x = 0
4x = 80
x = 20
So 20 leashes maximises profit.
P(x) = 80(20) - 2(20)^2 - 3
<em><u> P = $803 </u></em>
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The price to charge would be:
<u><em>p (x) = 88 - 2(20) = $48</em></u>
<u><em>The best reason would be that the price is a bit expensive for a leash so most people would not buy it.</em></u>
Explanation:
1. Bad Debt Expense A/c Dr, $11,278
($9,820 + $1,458)
To Allowance for doubtful accounts $11,278
(Being bad debt expenses is recorded)
2. Bad debts A/c $1,283
To Allowance for Doubtful accounts $1,283
(Being uncollectible and wrote off is recorded)
3. Accounts Receivable A/c Dr, $1,283
To Allowance for Accounts receivable $1,283
(Being written off is recorded)
4. Cash A/c Dr, $1,283
To Accounts Receivable $1,283
(Being cash is recorded)
Answer:
The answer is given below;
Explanation:
Employee Benefit Expense (5,000+120,000*5%) Dr.$11,000
Accrued Employee Benefits payable Cr.$11,000
As these are the costs that company has to pay for employee retirement and health plans, therefore increase in these expenses will be recorded with corresponding effect to payable.
