Balance sheet.
The balance sheet shows assets, liabilities, and stockholder's equity. Buying the van on credit would be a liability.
Answer:
c. $4,000
Explanation:
The computation of the depreciation expense for year 2 under straight-line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($25,000 - $5,000) ÷ (5 years)
= ($20,000) ÷ (5 years)
= $4,000
In this method, the depreciation is same for all the remaining useful life i.e $4,000 is charged for remaining three years
Answer: $1312.41
Explanation:
The following information can be depicted from the question:
Cost of HP Spectre laptop = $1353
Credit terms = 3/15, net 30
Therefore, since discount allowed is 3%, the complement of the discount rate will be:
= 100% - 3%
= 97%
Therefore, amount needed to pay will be:
= Listed price × Complement of discounts rate
= $1353 × 97%
= $1353 × 0.97
= $1312.41
Therefore, the amount needed to pay is $1312.41
Answer:
From maintenance to department B will be allocated 85,333 dollars
Explanation:
We distribute maintenance over personnel and operating and then,
we distributed the accumulated in personnel over the operating department:
![\left[\begin{array}{cccccc}&Maintenance&Personnel&Dep A&Deb B\\$maintenance-hours&&800&960&640\\$employes&&&160&480\\$Direct \: Cost&320,000&80,000&160,000&240,000\\$Allocate A&-320,000&106,667&128,000&85,333\\$Subtotal&&186,667&288,000&325,333\\$Allocate J&&-186,667&46,667&140,000\\$Total&&&334,667&465,333\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccccc%7D%26Maintenance%26Personnel%26Dep%20A%26Deb%20B%5C%5C%24maintenance-hours%26%26800%26960%26640%5C%5C%24employes%26%26%26160%26480%5C%5C%24Direct%20%5C%3A%20Cost%26320%2C000%2680%2C000%26160%2C000%26240%2C000%5C%5C%24Allocate%20A%26-320%2C000%26106%2C667%26128%2C000%2685%2C333%5C%5C%24Subtotal%26%26186%2C667%26288%2C000%26325%2C333%5C%5C%24Allocate%20J%26%26-186%2C667%2646%2C667%26140%2C000%5C%5C%24Total%26%26%26334%2C667%26465%2C333%5C%5C%5Cend%7Barray%7D%5Cright%5D)
<em><u>For the given question it would be:</u></em>
total maintenance-hours: 800 + 960 + 640 = 2,400
<u>allocation of maintenance:</u>
320,000 x 640/2400 = 85,333
If x is 12 the answer is -12
