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1 year ago

When making keep or replace decisions, management should consider the: (Check all that apply.)

Business

1 answer:

ddd [48]1 year ago

6 0

When making keep or replace decisions, management should consider the:

A. sale of the existing equipment
B. variable manufacturing cost of the new equipment
E. book value of the existing equipment

<h3>What is Book Keeping?</h3>

This refers to the record that is kept about existing equipment or goods that states their current conditions.

Hence, we can see that it is with the knowledge of book keeping and the information inside that would guide to make the best decisions about keeping or replacing them and options A, B and E are correct.

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Exercise 9-1 Classifying liabilities LO C1 The following items appear on the balance sheet of a company with a one year operatin

nignag [31]

Answer:

1. Notes payable (due in 13 to 24 months) - L

Long term because period of payment is over a year.

2. Notes payable (due in 6 to 11 months). - C

Current because period of payment is under a year.

3. Notes payable (mature in five years). - L

Long term because it will mature after a period of a year.

4. Current portion of long-term debt. - C

Current because it deals with payment for the year.

5. Notes payable (due in 120 days). - C

Current as it matures in less than a year.

6. FUTA taxes payable - C

Taxes are for a single period making them current.

7. Accounts receivable - N

This is an asset not a liability

8. Sales taxes payable. - C

As this is this for the year, it is current.

9. Salaries payable. - C

For the period so they are a current liability.

10. Wages payable - C

Concern one period so are a current liability.

7 0

3 years ago

Beginning inventory was $50,000. Inventory purchased during the year cost $75,000. Inventory on hand at year-end was $40,000. Co

marusya05 [52]

Answer:

The Cost of Goods Sold or COGS for the period was $85000

Explanation:

The cost of goods sold is the value or cost of inventory that has been sold off during the period. The Cost of Goods Sold of COGS can be calculated as follows,

COGS = Opening Inventory + Purchases - Closing Inventory

COGS = 50000 + 75000 - 40000

COGS = $85000

So, the Cost of Goods Sold or COGS for the period was $85000

5 0

2 years ago

Cook Co. determined that the net value of its accounts receivable at December 31, 20X4, based on an aging of the receivables, wa

Ksenya-84 [330]

Answer:

$9,000

Explanation:

Bad Debts Written off $22,000

Uncollectible accounts-recovered $(8,000)

Allowance for doubtful accounts reversed

(opening-closing $40,000-$35,000*) ($5,000)

Bad Debt Expense for the year $9,000

*270,000-235,000 =35,000

7 0

3 years ago

Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventory cos

elena-s [515]

Answer:Inventory on hand Balance at the end = $4620

Explanation:

The question is unclear with regards to the requirements. however having dealt with questions of this nature in the past, I will assume the question requires us to calculate the cost of inventory on hand.

Opening Inventory balance = 180 x $28 =$5040

Purchased inventory = 290 x $30 = $8700

Cash sale (330 x $44) = $14520

Purchase inventory (230 x 34 ) = $7820

Cash sale (55 x $44) = $2420

Inventory on hand Balance = 5040+ 8700 - 14520 + 7820 - 2420

Inventory on hand Balance at the end = 4620 = $4620

8 0

2 years ago

If a for-profit firm that has paid out record bonuses to its executive every year while underfunding contributions to unionized

kondor19780726 [428]

Answer:

B. Take defensive strike action.

Explanation:

One of the functions of a trade union or labor union is to protect the interest of its members in a workplace. So, if a profit firm treats its workers poorly by underfunding contribution to workers pension as required under a collective agreement while paying out record bonuses to executives then attempts attempt to reduce workers pension entitlements, the union members will most likely embark on an industrial strike.

The aim of the strike is to halt daily operations of the firm until their demands are heard and an agreement is reached. The members of the union were treated unfairly by the firm by not honoring their pension funding agreement and to make matters worse the decided to try and reduce the workers pension.

If the members don't embark on the industrial strike, the firm would reduce their pension benefits. The most likely action of the union members would be to embark on a defensive strike action to protect themselves.

7 0

2 years ago