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2 years ago

5

Shamrock, Inc. recorded a loss of $9800 when it sold a van that originally cost $71000 for $14600. Accumulated depreciation on t

he van must have been $61200. $66200. $24400. $46600.

1 answer:

belka [17]2 years ago

4 0

Answer:

true

Explanation:

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Sunland company installs a new parking lot. The paving cost $30,000 and the lights to illuminate the new parking area cost $12,0

padilas [110]

Answer:

D. $42,000 should be debited to Land Improvements

Explanation:

The cost of the land housing the parking is recorded in the land account. Other costs such as paving cost and lights are improvements and as such are added and recorded in the Land Improvements accounts.

Total Land improvements = $30,000 + $12,000

= $42,000

The right answer is D. $42,000 should be debited to Land Improvements.

4 0

3 years ago

What kind of psychologist would someone who is dealing with the loss of a loved one most likely visit?

aliina [53]

Answer:

Counseling psychologist

Explanation:

I just took the test! Good luck :)

8 0

3 years ago

Parido Corporation has two manufacturing departments--Casting and Assembly. The company used the following data at the beginning

Ivan

Answer:

Allocated MOH= $26,372

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Total fixed overhead= 48,200

Total variable overhead= (1.9*8,000) + (3*2,000)= $21,200

Predetermined manufacturing overhead rate= (48,200 + 21,200) / 10,000

Predetermined manufacturing overhead rate= $6.94 per machine hour

<u>Now, we can allocate overhead to Job H:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 6.94*(2,600 + 1,200)

Allocated MOH= $26,372

8 0

3 years ago

A company has a minimum required rate of return of 8% and is considering investing in a project that costs $175,000 and is expec

Daniel [21]

Answer: $5,396.79

Explanation:

The net present value is value of the after tax cash flows from an investment minus the value of the amount invested.

The net present value can be found using a financial calculator.

Cash flow for year zero = $-175,000

Cash flow for each year from year 1 to year 3 = 70,000

I = 8%

NPV =$5,396.79

I hope my answer helps you

5 0

3 years ago

Calculate the IRR of a machine that is purchased for $5,500, sold at the end of year 4 for $2,500, and produces the following ca

prohojiy [21]

Answer:

2.21%

Explanation:

The internal rate of return is the rate of return on the project where the present value of future cash flows equals the initial investment outlay. It is known as the break-even discount rate since, at IRR, the net present value is zero.

The IRR can be determined using the excel IRR function as shown thus:

=IRR(values)

values are the cash flows from years 0-4

Find attached excel file for IRR computation

5 0

3 years ago