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1 year ago

Depreciation of noncurrent operating assets is an accounting process for the purpose of?

1 answer:

3 0

Noncurrent Operating Asset Depreciation is a procedure used in accounting to reflect declining asset values on the balance sheet.

A tangible item's cost can be spread out over the period of its useful life using the accounting approach of depreciation. Depreciation indicates how much of an asset's worth has been expended. It makes it possible for companies to buy assets over a predetermined period of time and profit from those assets. The immediate cost of ownership is greatly lowered because businesses do not have to fully account for them in the year the assets are purchased. A company's profits can be significantly impacted by not accounting for depreciation. Long-term assets can also be depreciated by businesses for tax and accounting reasons.

Learn more about Depreciation here.

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Standards are set by a.manufacturing engineers. b.accountants. c.other management personnel. d.All of these choices are correct

andrew11 [14]

Answer: d.All of these choices are correct.

Explanation: all of the listed options all make use of standar, manufacturing engineer, accountant, and other management personnel make use of standards to estimate the acceptable production efficiency. Standards are also set by this personnel’s to motivate employees so as to achieve efficient operations and use of man power.

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3 years ago

An investment will pay $20,000 at the end of the first year, $30,000 at the end of the second year, and $50,000 at the end of th

kondaur [170]

Answer:

$80541.

Explanation:

Please find the detailed answer as follows:

The Present value is the present value of a future amount of money or stream of cash flows of a specified rate of return . Please refer to the present value formula .

Present Value = 20000/ (1+.10) ^1 + 30000/ (1+.10) ^2 + 50000/ (1+.10) ^3 = $80540.95 or $80541 .Therefore the correct answer is $80540.95 or $80541.

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3 years ago

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

Pavel [41]

Answer:

Allocated overhead= $37,260

Explanation:

Giving the following information:

Total

Estimated total machine-hours (MHs) 10,000

Estimated total fixed manufacturing overhead cost $38,000

Estimated variable manufacturing overhead cost per machine-hour $4.3

First, we need to calculate the plantwide predetermined overhead rate:

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

Predetermined manufacturing overhead rate= (38,000/10,000) + 4.3

Predetermined manufacturing overhead rate= $8.1 per machine-hour

Now, we can allocate overhead to Job G:

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

Job G

Casting machine-hours 1,600

Customizing machine-hours 3,000

Allocated overhead= 8.1* (1,600 + 3,000)= $37,260

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3 years ago

Suppose that interest rates decrease. Holding everything else constant, determine what happens to aggregate demand and its compo

RUDIKE [14]

Answer:

When interest rates decrease, It causes a ripple effect in the economy that stimulates growth and wealth creation. In the long run, it might cause inflation.

Explanation:

If interest rates decrease, consumption increases because there is more disposable income available in each household.
If interest rates decrease, investment increases since the cost of borrowing is cheaper.
If interest rates decrease, government spending decreases .
If interest rates decrease, the value of net exports increase because the economy us stimulated as a result of a business boom facilitated by low and affordable loans.

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3 years ago

VJasper Company has sales on account and for cash. Specifically, 70% of its sales are on account and 30% are for cash. Credit sa

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Answer:

April May June

Cash Sales 30% $157,500 $160,500 $168,000

Sales on account 70% $367,500 $374,500 $392,000

$525,000 $535,000 $560,000

JASPER COMPANY

Cash Receipts Budget

For April, May and June

April May June

Cash Receipts from:

Cash Sales $157,500 $160,500 $168,000

Collection of accounts Receivable $400,000 $367,500 $374,500

Total Cash Receipts $557,500 $528,000 $542,500

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2 years ago