1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ivenika [448]
3 years ago
12

Elmdale Company has a machine that affixes labels to bottles. The machine has a book value of $80,000 and a remaining useful lif

e of 3 years and no salvage value. A new, more efficient machine is available at a cost of $300,000 that will have a 5-year useful life with no salvage value. The new machine will lower annual variable production costs from $520,000 to $410,000. Prepare an analysis showing whether the old machine should be retained or replaced.
Business
1 answer:
AveGali [126]3 years ago
3 0

Answer and Explanation:

The preparation of the analysis  showing whether the old machine should be retained or replaced is presented below:

Particulars           Retained equipment       Replace equipment     Change in the net income

Variable cost        $1,560,000                 $1,230,000                $330,000

                  ($520,000 × 3 years)       ($410,000 × 3 years)

Cost of the new

machine                                                         $300,000                        -$300,000

Net change                                                                                               $30,000

As we can see the amount comes in positive which reflects that the machine should be replaced

You might be interested in
In 2016, the population of the United States was approximately 325 million people, with an annual growth rate of approximately 0
Tpy6a [65]

Answer:

The population would be 1318 million

Explanation:

Acording to the formula

<h2>Nt =Noe^{T * r}</h2>

Nt = population size in generation t

No =  initial population size.

e= number e

T= number o years

r = rate

<h2>Nt =325 x ( e^{200 * 0.007})</h2><h2></h2><h2>Nt =  1318 millions</h2>

4 0
3 years ago
Thermopolis, Inc. reported retained earnings of $490,953 on December 31, 2017. During the year, Thermopolis recorded net income
Rzqust [24]

Answer:

the Opening retained earning balance is $413,640

Explanation:

The computation of the retained earnings have been on December 31, 2016 is shown below:

As we know that

Ending retained earning balance = Opening retained earning balance + net income - dividend paid

$490,953 = Opening retained earning balance + $135,075 - $57,762

$490,953 = Opening retained earning balance + $77,313

So, the Opening retained earning balance is $413,640

4 0
3 years ago
A driver cuts off another vehicle, or threatens another motorist or a pedestrian. these are examples of:
inysia [295]
When someone is driving a car or even a motorcycle and is cut off by another vehicle, it can cause an accident. Another result could be one or both drivers threatens the other person or even a pedestrian that was involved. These are examples of "road roage."
7 0
3 years ago
Clemens Cars’s job cost sheet for Job A40 shows that the cost to add security features to a car was $23,500. The car was deliver
FromTheMoon [43]

Answer:

Finished Goods

Dr Working in progress $23,500

Cr Transfer from Work in progress to Finished goods $23,500

Cost of goods sold

Dr Finished Goods $23,500

Cr Transfer from Finished Goods to Cost of goods sold $23,500

CASH

Dr Sales $ 28,200

Cr Sale of car after job was completed $28,200

Explanation:

Clemens Cars’s Journal entries

Finished Goods

Dr Working in progress $23,500

Cr Transfer from Work in progress to Finished goods $23,500

Cost of goods sold

Dr Finished Goods $23,500

Cr Transfer from Finished Goods to Cost of goods sold $23,500

CASH

Dr Sales $ 28,200

Cr Sale of car after job was completed $28,200

6 0
2 years ago
BE4-5 At the end of its first year, the trial balance of Rayburn Company shows Equipment $22,000 and zero balances in Accumulate
lana [24]

Answer:

Please see the answer below:

Explanation:

  • Dated: December 31

Debit: Depreciation Expense         $2,750

Credit: Accumulated Depreciation           $2,750

To record adjusting entry for Depreciation Expense of Equipment.

  • For T-accounts the entries will made as above, <em>Depreciation T-Account</em> will be Debited with $2750 and <em>Accumulated Depreciation T-Account</em> will be credited with $2750.

  • Rayburn Company

Balance Sheet as of December 31

<em>Fixed Assets:</em>                                                 $               $  

Equipment                                                  22,000              

Less: Accumulated Depreciation               (2,750)          

Net Cost of Equipment as of Dec 31                           19,250

6 0
3 years ago
Other questions:
  • What is your advertising objective if you want to ensure your content catches the eye of the people who want what you offer?
    9·1 answer
  • When one nation can produce a product at lower cost relative to another nation, it is said to have a(n) __________________ in pr
    10·1 answer
  • Senator Bright, who understands economic principles, is trying to convince workers in her district that trade with other countri
    9·1 answer
  • Alternative A Alternative B Materials costs $28,000 $64,000 Processing costs $34,000 $34,000 Equipment rental $11,000 $28,500 Oc
    15·1 answer
  • Activity-based costing systems: Eliminate multiple-stage cost allocation. Accumulate overhead costs by departments. Have separat
    11·1 answer
  • g On November 1, 2020, 5M Corporation entered into a purchase contract (not subject to revision or cancellation) to purchase 750
    6·1 answer
  • Jan. 27 Received Lee's payment for principal and interest on the note dated December 13.
    14·1 answer
  • As trade becomes more widespread, specialization __________, which in turn ________ productivity.
    12·1 answer
  • The people or organizations that may be receptive to your sales pitch are referred to as:______.
    5·1 answer
  • what happens when the price of a good increases holding everything else constant? producer surplus decreases consumer surplus de
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!