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2 years ago

if the company now purchases office equipment on account for $20,000, the accounting equation will change to:

Business

1 answer:

OleMash [197]2 years ago

8 0

The accounting equation will change to $500,000 = $260,000 + $240,000

An equation is a mathematical statement this is made from two expressions connected via the same sign. as an instance, 3x – 5 = 16 is an equation. solving this equation, we get the price of the variable x as x = 7.

The equation is described as the country of being identified and is frequently proven as a math expression with equal values on both facet, or refers to a problem where many staff needs to be taken under consideration. An example of an equation is 2+2 = three+1.

There are two forms of equations: identities and conditional equations. An identification is proper for all values of the variables. A conditional equation is handiest true for unique values of the variables. An equation is written as two expressions, related with the aid of an equals signal ("=").

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How does Wikipedia work? What is different about this operation from other encyclopedias?

Eddi Din [679]

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4 years ago

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Aubrey uses her credit card to buy some clothes for $552.86. She can pay up to $195 on the credit card each month. What is the t

Gemiola [76]

She makes the purchase for $552.86. After one month, she owes $552.86 + the interest of that month. One month's interest is 27.3%/12 on the balance, so $552.86 * 0.273/12 = $12.58 At the end of the first month, she owes $552.86 + $12.58 = $565.44. She pays $195. Now she owes $565.44 - $195 = $370.44 After the second month, she owes $370.44 + interst of that month. One month's interest is 27.3%/12 on the balance, so $370.44 * 0.273/12 = $8.43 At the end of the second month, she owes $370.44 + $8.43 = $378.87 She pays $195. Now she owes $378.87 - $195 = $183.87 After the third month, she owes $183.87 + interest of that month. One month's interest is 27.3%/12, so $183.87 * 0.273/12 = $4.18 At the end of the third month, she owes $183.87 + $4.18 = $188.05 She pays $188.05 and pays it off. The total amount she paid was $195 + $195 + $188.05 = $578.05

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3 years ago

Sunland Company thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead c

ankoles [38]

Answer:

Allocated MOH= $92,500

Explanation:

First, we need to calculate the predetermined overhead rate:

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

Predetermined manufacturing overhead rate= 1,850,000 / 20,000

Predetermined manufacturing overhead rate= $92.5 per hour

Now, we can allocate overhead to Job B12:

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

Allocated MOH= 92.5*1,000

Allocated MOH= $92,500

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3 years ago

Compute straight-line depreciation on the building at the end of one year, assuming an estimated 10-year useful life and a $16,0

saveliy_v [14]

Answer:

Missing word "Bridge City Consulting bought a building and the land on which it is located for $120,000 cash. The land is estimated to represent 70 percent of the purchase price. The company paid $10,000 for building renovations before it was ready for use."

Total Cost of Land and Building (100%) = $120,000

Cost of Land (70%) = $84,000

Cost of Building (30%) = $36,000

Cost of Building Renovations = $10,000

Total Cost of Building = $36,000 + $10,000

Total Cost of Building = $46,000

1. Annual Depreciation(Year End Depreciation) = (Cost of Building - Residual Value)/ Number of Year

Annual Depreciation = $46,000 - $16,000 / 10

Annual Depreciation = $30,000 / 10

Annual Depreciation = $3,000

2. Book Value of Land at the end of two years = $84,000

Book Value of Building at the end of two years = $46,000 - ($3,000*2 year) = $46,000 - $6,000 = $40,000

Hence, Book Value of Land and Building at the end of two year is = $84,000 + $40,000 = $124,000

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3 years ago

Rabbit Foot Motors has been approached by a new customer with an offer to purchase 5,000 units of its hands-free, Wi-Fi-enabled

VashaNatasha [74]

Answer: 1. Special order price, direct materials, direct labor, and variable overhead.

2. Increases by $10,000,000

Explanation:

1. What are the relevant costs and benefits of the two alternatives (accept or reject the special order)

These include special order price, direct materials, direct labor, and variable overhead.

2. By how much will operating income increase or decrease if the order is accepted?

This will be:

= Units × (special order price-variable costs)

= 5000 × ($18000 - $10000 - $2000 - $4000)

= 5000 × $2000

=$10,000,000

Therefore, it increases by $10,000,000

3 0

4 years ago