Answer:
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Explanation:
Answer:
The book value of this equipment at the end of four years if he ignores bonus depreciation $26,290.
Explanation:
Cost of property = $67,600
Balance Depreciation
Year 1 67,600 13520
Year 2 54,080 17,306
Year 3 36,774 7,061
Year 4 29,713 3,423
Book vaue at the end of year 4 = 29,713 - 3423 = $26,290
Answer:
The correct answer is Option A.
Explanation:
A. Losses on the sale of longminusterm assets are subtracted from net income - This is incorrect because on losses on sale of an asset are usually added to the net income to avoid double-counting of income. Under the investing section of the cash flows, the proceed received on disposal is recorded there as inflow, if the losses realized on the disposal are subtracted, there would be a double-counting because the losses had already reduced the net income before.
B. Increases in current liabilities are added to net income - This is an inflow of cash, so it is usually added back.
C. Depreciation expense is added to net income - The explanation under Option A above applies but only that depreciation is a non-cash item, which already reduced the net income and it has to be added back to reinstate the net income.
D. Gains on the sale of longminusterm assets are subtracted from net income - Explanation under Option A applies.
I believe the correct answer is the first option. The labor supply curve is upward sloping because the opportunity cost of leisure decreases as wages decrease and the opposite of such is true as well. As one work one hour more, one will have less time for other activities. As the work rate increases in value, then the opportunity cost increases as well.
Answer:
a. The total employment compensations for the two employees are the same
Explanation:
Employee compensation refers to payment made to employees by an organization in consideration for the services rendered.
Employee compensation can be in cash form such as salary and wages, perquisites, allowances, incentives, commission, etc.
In the given case,
<u>Compensation for Employee A</u>:
= Gross Pay + Employee benefits - Job expenses
= $57200 + 5300 - 800
= $ 61,700
Similarly,
Compensation for Employee B:
= Gross Pay + Employee benefits - Job expenses
= $56,900 + $6200 - $ 1400
= $61,700
Thus, employment compensation for both A and B are the same.
