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dolphi86 [110]
3 years ago
7

A new manufacturing machine is expected to cost $289,000, have an eight-year life, and a $33,000 salvage value. The machine will

yield an annual incremental after-tax income of $34,000 after deducting the straight-line depreciation. Compute the payback period for the purchase.
Business
1 answer:
ziro4ka [17]3 years ago
7 0

Answer:

4.38 years

Explanation:

Data provided in the question:

Cost of the machine = $289,000

Useful life = 8 years

Salvage value = $33,000

Incremental income after deducting depreciation = $34,000

Now,

Annual depreciation = [ Cost - Salvage value ] ÷ Useful life

= [ $289,000 - $33,000 ] ÷ 8

= $32,000

Thus,

Net Annual cash flow = Incremental income + Annual depreciation

= $34,000 + $32,000

= $66,000

Therefore,

Payback period = Cost ÷ ( Net Annual cash flow )

= $289,000 ÷ $66,000

= 4.38 years

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Cook Co. determined that the net value of its accounts receivable at December 31, 20X4, based on an aging of the receivables, wa
Ksenya-84 [330]

Answer:

$9,000

Explanation:

  Bad Debts Written off                                 $22,000

 Uncollectible accounts-recovered             $(8,000)

 Allowance for doubtful accounts reversed

 (opening-closing $40,000-$35,000*)        ($5,000)

Bad Debt Expense for the year                    $9,000

*270,000-235,000  =35,000                        

7 0
3 years ago
During January 2016, Wells Corporation purchased $200,000 of inventory; they paid one-fourth in cash, and signed a note for the
ivanzaharov [21]

Answer:

Inventory                        $200,000    

Cash                                                      $50,000

Notes payable                                      $150,000

Explanation:

Data provided in the question:

Cost of the inventory purchased = $200,000

Amount paid in cash =  one-fourth

= one-fourth of $200,000

= $50,000

For the remaining balance signed a note i.e = $200,000 - $50,000

= $150,000

Now,

This transaction will be recorded as:

Inventory                        $200,000    

Cash                                                      $50,000

Notes payable                                      $150,000

3 0
4 years ago
Mary is introduced to three new people at a party. Later, however, she cannot remember the names of any of her new acquaintances
MissTica

Answer:

She never encoded the names into long-term memory is the correct answer.

Explanation:

7 0
3 years ago
Koebel Corp uses a job order costing system with manufacturing overhead applied to products on the basis of direct labor hours.
Lynna [10]

Answer: See explanation

Explanation:

a. Calculate the predetermined overhead rate Overhead Rate per hour

Predetermined Overhead rate will be the estimated total manufacturing overhead divided by the estimated total direct labor hours. This will be:

= $ 921,600/51,200

= $ 18

(b) Calculate how much manufacturing overhead will be applied to production

Manufacturing overhead that'll be applied to production will be the predetermined overhead rate multiplied by the actual total direct labor hours. This will be:

= $ 18 × 48,900 direct labor hours

= $ 880,200

(c) Is overhead over- or underapplied? By how much?

The Actual Overhead Incurred = $902,900 while the manufacturing overhead applied = $880,200. This shows that overhead is underapplied due to the fact that manufacturing overhead applied is less than the actual overhead that is incurred.

Therefore, the amount of overhead that was underapplied will be:

= $ 902,900 - $ 880,200

= $ 22,700

(d) What account should be adjusted for over-or underapplied overhead? Should the balance be increased or decreased?

Based on the scenario in the question and the answers calculated, the cost of goods sold should be increased.

4 0
4 years ago
A charge nurse is delegating a task. The nurse understands which of the following represents effective delegation? Select all th
AlekseyPX

The nurse represents that effective delegation include:

  • Delineating the desired outcomes of the delegation.
  • Asking the nurse if they are capable of completing the delegated task.
  • Monitoring how the delegated task is being accomplished.

<h3>How to illustrate the information?</h3>

Effective delegation means planning ahead when identifying tasks to be accomplished. Assess the situation, and clearly delineate the desired outcomes.

Monitoring how the task is being accomplished is considered effective delegating.

Learn more about delegation on:

brainly.com/question/10708236

#SPJ1

7 0
2 years ago
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