Answer:
a.
2021 = $50,000
2022 = $45,000
b.
2021 = $275,000
2022 = $0
Explanation:
a. Sum-of-the-years'-digits.
Sum of digits for the 10 years will be :
Year 1 = 10
Year 2 = 9
Year 3 = 8
Year 4 = 7
Year 5 = 6
Year 6 = 5
Year 7 = 4
Year 8 = 3
Year 9 = 2
Year 10 = 1
Sum of Digits = 55
therefore,
2021 depreciation = 10/55 x ($295,000 - $20,000)
= $50,000
2022 depreciation = 9/55 x ($295,000 - $20,000)
= $45,000
b. One hundred fifty percent declining balance.
2021 depreciation = 150% x ($295,000 - $20,000)
= $412,500
<em>Can not be charged above book value of $275,000</em>
2022 depreciation = 150% x ($295,000 - $20,000- $412,500)
= $0
Answer:
28.6 days
Explanation:
Avg Receivables= Beg Receivables + Ending Receivables /2
=65,800+73,000/2
=$138,800/2
=$69,400
Receivable turn over= Net Sales/ Avg Receivables
=884,000/69,400
=12.74
days to collect during year= 365/ Receivable turn over =365/12.7
=28.6 days
Smaller firms are most likely to reorganize into domestic structure plus export department <span>during their internationalization.
When you internationalize you are planning and putting processes together in action. The goal is to implement new products and services to different countries, languages and cultures based. You want your product or service to be able to adapt to it's surroundings based on cultural differences. </span>
Answer:
$563,700
Explanation:
Calculation of cash is as seen below.
Sales revenue. $560,000
Add: Decrease in accounts receivable ($22,500 - $18,800) $3,700
Cash received from customers. $563,700.
Note: other information given in the question are not relevant for the computation of cash received from customers for the year.
Therefore, cash received from customers for the year is $563,700
Some common examples of short-term investments include CDs, money market accounts, high-yield savings accounts, government bonds, and Treasury bills. Usually, these investments are high-quality and highly liquid assets or investment vehicles.
Cash 15000
Short-term investments 5000
Accounts Receivable 8000
Inventory 20000
Other current assets 6000
Total current assets 54000
Current Ratio
Choose Numerator / Choose Denominator = Current Ratio
Current Assets / Current Liabilities = Current Ratio
54000 / 20000 = 2.7 to 1
2
Acid-Test ratio
Choose Numerator / Choose Denominator = Acid-Test ratio
Cash + Short-term investments + Current Receivables / Current Liabilities = Acid-Test ratio
15000 + 5000 + 8000 / 20000 = 1.4 to 1
Learn more about Short-term investments here
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