Answer:
The Beacon Roofing's book balance should be adjusted by a total of $43,977
Explanation:
For computing the right amount of book balance, the following adjustments are required which is shown below:
1. Bank Balance = $43,267
2. Less - Bank service charge = - $80
3. Add: Notes collection = $790
So, the adjusted book balance equals to
= Bank balance - Bank service charge + notes collection
= $43,267 - $80 + $790
= $43,977
The notes collection is an income so it is added whereas the bank service charge is an expense so it would be deducted.
Hence, the Beacon Roofing's book balance should be adjusted by a total of $43,977
<span>If the machine originally costs $60,000 and goes through straight-line method of depreciation, then if it has a $5,000 salvage value in 4 years, then it depreciated $55,000 in 4 years, which is about $14,000 a year. So the depreciation expense in year 4 is about $14,000.</span>
Answer:
The marginal cost of an additional unit of output is $145
Explanation:
The computation of marginal cost of an additional unit of output is shown below:
= Change in total cost ÷ change in production level
where,
Change in total cost = Increased cost - previous cost
= $9.4 million - $6.5 million
= $2.9 million
Thus, change in total cost is $2.9 million
And, change in production level = New production level - existing production level
= 70,000 - 50,000
=20,000
Thus, change in production level is 20,000
Now,
Apply the above values in the formula which is equals to
= $2.9 million ÷ 20,000
= $145
Hence, the marginal cost of an additional unit of output is $145
