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ryzh [129]
2 years ago
9

The estimated amount of depreciation on office equipment for the current year is $3,500. the correct adjusting entry to journali

ze this depreciation is
Business
1 answer:
Illusion [34]2 years ago
8 0

The correct adjusting entry to journalize this depreciation is a debit to Depreciation Expense for $3,500 and a credit to Accumulated Depreciation for $3,500.

What is a depreciation?

In accounting, this refers to the monetary value of an asset that decreases over time due to use, wear, tear etc.

As we are given that the estimated amount of depreciation on office equipment for the current year is $3,500, then, the correct adjusting entry to journalize this depreciation is a debit to Depreciation Expense for $3,500 and a credit to Accumulated Depreciation for $3,500.

Read more about depreciation

<em>brainly.com/question/25785586</em>

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Hockey Accessories Corporation manufactured 21 comma 600 duffle bags during March. The following fixed overhead data pertain to​
Agata [3.3K]

Answer:

D) $8,200 favorable

Explanation:

Hockey Accessories Corporation manufactured 21,600 duffle bags during March. The following data pertain to ​March:

                                                      Actual                      Static Budget

Production                                 21,600 units                22,000 units

Machine hours                           1,150 hours                  2,200 hours

Fixed overhead costs                 $ 84,200                    $ 92,400

What is the amount of fixed overhead spending​ variance?

Hockey Accessories Corporation estimated its fixed overhead costs at $92,400, but the actual overhead costs were only $84,200. The difference between estimated and actual costs is $8,200 favorable variance (= $92,400 - $84,200) since the fixed overhead costs were lower than estimated.

4 0
2 years ago
Taryn’s organization places high value on employees who are confrontational and aggressive in their relationships with others. T
tino4ka555 [31]

Project GLOBE, would rank Taryn's organization as high in the cultural dimension of assertiveness.

This cultural dimension of the company portrays an organization that encourages competitiveness and confrontation between employee relationships, being a performance-oriented organization.

Therefore, assertiveness in an organizational culture can be advantageous, as it encourages greater exposure of ideas and opinions, in an honest and direct way, which can:

  • increase creativity and innovation.

  • make the decision-making process more objective and faster.

  • improve communication.

  • provide more feedback.

Learn more here:

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8 0
2 years ago
World Grocer sells high-quality products and grocery items that are unique to its highly populated area; in addition, it offers
grigory [225]

Answer:

focused-differentiation

Explanation:

3 0
3 years ago
A company's interest expense is $15,000. Its income before interest expense and income taxes is $86,250. Its net income is $31,9
den301095 [7]

Answer:

b. 5.75

Explanation:

Times Interest earned ratio is the measure of ability of a company to pay the interest on its debts. It is the ratio of earning before interest and tax and interest expense as below.

Times Interest Earned Ratio = Earning before interest and tax / Interest Expense

Times Interest Earned Ratio = $86,250 / $15,000

Times Interest Earned Ratio = 5.75 times

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3 years ago
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Face when buying one of your favorite foods.
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