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
spayn [35]
3 years ago
14

Ayayai Corp. bought equipment on January

Business
1 answer:
anyanavicka [17]3 years ago
7 0

Answer:

The depreciable cost of the equipment is $400,000

Explanation:

In this question, we are tasked with calculating the depreciable cost of the equipment bought

To calculate this, we simply engage the use of a mathematical relation

Mathematically;

Depreciable cost = Original Cost - Salvage value

From the question, the original cost is $470,000

The salvage value = $70,000

Inputing these values into the equation, we have

Depreciable cost = $470,000 -$70,000 = $400,000

You might be interested in
Intel buys a manufacturing machine for $100,000 for use in making computer processors. The company also paid 7% ($7,000) sales t
Vadim26 [7]

Answer:

$110,000

Explanation:

Calculation for What is the machine's original cost basis that the firm records on the balance sheet

Machine's Original cost basis

Machine Cost $100,000

Add Sales Tax $7,000

Add Shipping Cost $3,000

Machine's Original cost basis $110,000

($100,000+$7,000+$3,000)

Therefore the machine's original cost basis that the firm records on the balance sheet will be $110,000

3 0
3 years ago
How did capitalism fuel industrialization?
Katena32 [7]
<u><em>Capitalists want to make money . . . the best way to do that is to make businesses/production more profitable by increasing production to a large scale (i.e. industrialization)</em></u>
4 0
3 years ago
On June 1, Carla Vista Co. Ltd. borrows $108,000 from Acme Bank on a 6-month, $108,000, 4% note. The note matures on December 1.
evablogger [386]

Answer:

a) Journal entry

Date        Account and explanation      Debit       Credit

June 1                Cash                             $108,000  

                    Notes payable                                      $108,000

b) Adjusting entry

Date        Account and explanation      Debit       Credit

June 30      Interest expense                    $360

                    (108,000*4%*1/12)

                   Interest payable                                    $360

c) Journal entry  

Date        Account and explanation      Debit       Credit

Dec 10        Notes payable                   $108,000  

                  Interest payable (360*6)      $2,160  

                        Cash                                                  $110,160

d)  Total (interest expenses)

Interest payable = $360 * 6

= $2160

5 0
3 years ago
Loree manages the service desk and makes routine decisions related to customer refunds and merchandise returns. Loree also overs
Eva8 [605]

Answer:

First-line manager.

Explanation:

A first-line manager is a person within a company who is directly above all other personnel who are not managers. They have various obligations, such as the aforementioned routine decisions, service desk, feedback, work satisfaction, etc. When it comes to some more serious decisions, this type of a manager is not allowed to make them but rather only advise higher ups.

8 0
4 years ago
(04.03 LC)
klemol [59]

Answer:

C. Safe driving

Explanation:

Behavioral factors refer to the lifestyle habits of an individual.  Auto insurance premiums are largely determined by the risk involved, as assessed by the insurance company.  Insurance companies consider

  • the car and its safety features,
  • the driver's history and habits,
  • insured credit history, among other factors, when determining auto premiums.

Safe driving is a habit that develops in a driver over time. It is captured in the driver's driving history.  A driver with few incidents and accidents than other pay lower insurance premiums. However, accident-prone drivers, those who drive many hours per day, and night drivers will always pay high insurance premiums.

5 0
3 years ago
Other questions:
  • Item 6Item 6 Theodore Levitt advocates for a global culture characterized by standardized tastes and global markets. What is one
    14·1 answer
  • Do an interview with a business owner and request him / her to identify any business problem that they are experiencing
    15·1 answer
  • The accumulation of budget deficits by the United States has created
    12·1 answer
  • On Aug 7, 2014 the stock AAPL closed at $94.48. At this time, the call with strike $94 and expiration Aug 29, 2014 was traded at
    11·1 answer
  • Fill in the blank label in the above figure. A. Margin B. Cleave C. Bridge D. Gap
    8·2 answers
  • When an administrator at a local hospital prepares a series of charts and graphs pertaining to the patients that have stayed at
    7·1 answer
  • Can you please help me come up with an unused company/brand name for a company that manufactures tables. Thanks
    8·1 answer
  • Assume there is no leakage from the banking system and that all commercial banks are loaned up. Suppose the reserve ratio is 25%
    6·1 answer
  • WSP Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments​Mixing, ​Refini
    5·1 answer
  • While many projects may have a primary deliverable such as a house, almost all projects have additional deliverables such as doc
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!