Answer:
The length of the shorter piece is 11 in
and the longer piece = 17 in
Explanation:
Given:
Total length of the chain = 42 in
When cut in three equal piece the length of each piece = = 14 in
Therefore, The length of the first piece = 14 in
Let the length of the shorter piece be 'x' in
Thus,
Length of the longer piece will be = x + 6 in
also,
14 + x + x + 6 = 42 in
or
20 + 2x = 42 in
or
2x = 22 in
or
x = 11 in
Hence,
The length of the shorter piece is 11 in
and the longer piece is 11 + 6 = 17 in
Answer: Marigold should record $134,750 as an impairment loss on July 1, 2021
Explanation:
Given that
Cost of the machine= 806,000
Expected life= 20 years
Time between January 1, 2011 and July 1 2021 = 10 1/2years
salvage value $76000.
Fair value= $288, 000
We know that the
Carrying amount /Book Value of machine = Cost of the machine- (Cost of the machine-salvage value)/expected life x time (ie from 2011 and 2021)
Carrying amount of machine =806,000 - [(806,000-76,000)/20 x 10.5 years]
=806,000 -383,250=$422,750
Asset is impaired when the Book value is more than net realizable value,
Here, The Book Value of $422,750 is greater than net realizable value,$395000.
Therefore loss on Impairment= Carrying amount - Fair value
$422,750-$288000
=$134,750
Answer:
The correct answer is letter "B": 10 years
.
Explanation:
The standard repayment method of student loans is the most commonly used among college borrowers because most of them do not choose one repayment plan at the moment of selecting the loan. The standard repayment term is defaulted by the creditor in 120 months or 10 years.
Answer:
1. a. Only major materials and components.
Only the major materials and components are include as direct materials because these are the materials that directly needed for production.
b. Only hourly production workers (aka assembly workers).
The direct labor has to be those people who are directly involved in production which in this case is the assembly workers. Managers and Supervisors are not integral so are not direct labor.
c. Both big items that cannot be traced (e.g., factory rent) and small items that are not worth tracing (e.g., glue, grease).
All other items involved in production should be included as manufacturing overheads including big items and small items that cannot be traced.
2.
Rent for the factory building ⇒ <u>Manufacturing Overhead (OH).</u>
Cost of engines used in production ⇒ <u>Direct materials (DM).</u>
Depreciation on production equipment ⇒ <u>Manufacturing Overhead (OH). </u>
Cost of lubricant used in production. ⇒<u> Manufacturing Overhead (OH). </u>
Production supervisor's salary. ⇒ <u>Manufacturing Overhead (OH). </u>
Assembly workers' wages. ⇒ <u>Direct Labor.</u>
Based on the given scenario above, since Susan had no previous balance on her credit card and that she was able to pay off the balance within 1 month, she will not be paying any interest. The interest in the credit card only applies to the amount that has been pass the due date or are not paid in full. Hope this answer helps.