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steposvetlana [31]
3 years ago
12

Cardinal Industries purchased a generator that cost $11,000. It has an estimated life of five years and a residual value of $1,0

00. It is estimated to be good for 5,000 hours. If depreciation is computed for the first full year using the straight-line method of depreciation, which information is needed for the calculation?
$11,000 cost, five-year life, and $1,000 salvage value
Business
1 answer:
bagirrra123 [75]3 years ago
3 0

Answer:

$11,000 cost, five-year life, and $1,000 salvage value

Explanation:

given data

cost = $11,000

residual value = $1,000

estimated to be good = 5,000 hour

solution

as per the straight-line method

formula to compute the depreciation expense that is express as

depreciation expense = (Purchase value of generator - residual value) ÷ (estimated useful life)   .......................1

and

here by considering here these three item

and other information that is not relevant that ignore

depreciation expense = ($11,000 - $1,000) ÷  5 years = 2000

so $11,000 cost, five-year life, and $1,000 salvage value

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In one state, a mortgagee holds legal title to real property offered as collateral for a loan, and the mortgagor retains the rig
True [87]

Answer:

Lein Theory.

Explanation:

Lien theory refers to the theory in which the buyer stops the property deed at the time of the mortgage. Also the buyer promised to pay all the payments so that the mortgage could become a lien on a property but at the same time the  title would remain with the buyer but if all the payments are paid so the lien could be removed

Therefore in the given situation, it represents the lien theory

7 0
3 years ago
Botosan Factory has budgeted factory overhead for the year at $453,120, and budgeted direct labor hours for the year are 384,000
Sloan [31]

Answer: $412,292

Explanation:

First compute Overhead Absorption Rate = Budgeted Overhead divided by Budgeted Activity Level

In this question the activity level is Direct Labour Hours (DLH) which is the basis for allocating overhead.

budgeted factory overhead for the year at $453,120, and budgeted direct labor hours for the year are 384,000.

$453,120 divided by 384,000 DLH =$1.18

Overheard to be allocated for May is OAR * Actual Activity level

$1.18*349400= $412,292

This is the amount to be allocated to may

7 0
3 years ago
Read 2 more answers
According to the BrandZ model, "Bonded" consumers at the lower levels of the pyramid build stronger relationships with and spend
Romashka-Z-Leto [24]

Answer:

FALSE

Explanation:

According to the BrandZ model, "Bonded" consumers at the lower levels of the pyramid build stronger relationships with and spend more on the brand than those at the top. This is a false statement. True statement is, according to the BrandZ model, "Bonded" consumers at the top level of the pyramid build stronger relationships with and spend more on the brand than those at the top. This bonding is created in the very last step which is the ultimate result of the

Presence

Relevance

Performance

&

Advantage step, therefore the order becomes this:

Presence

Relevance

Performance

Advantage

&

Bonding.

7 0
3 years ago
Use this image to answer the following question. The ice cream shop needs about two pounds of cocoa for each gallon of chocolate
navik [9.2K]
I think this is a trick question. Say, there are 2 pounds of cocoa / 1 gallon of chocolate ice cream. But then the problem only mentions the production of eight gallons of <em>strawberry</em> ice cream, not chocolate ice cream.

However, if they're somehow related (like they are made from the same machine), then you need 16 pounds of cocoa to produce 8 gallons of chocolate ice cream. 
3 0
3 years ago
What are the portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share and 115 shares of Stoc
statuscvo [17]

The portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share is: 0.6775; 0.3325.

<h3>Portfolio weight for each stock</h3>

First step

Total value = 185($64) + 115($49)

Total value = $17,475

Second step

Portfolio weight for each stock is:

Portfolio weight A = 185($64)/$17,475

Portfolio weight A = .6775

Portfolio weight B = 115($49)/$17,475

Portfolio weight B = .3225

Therefore the portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share is: 0.6775; 0.3325.

The portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share is: 0.6775; 0.3325.

Learn more about Portfolio weight here:brainly.com/question/17279790

8 0
2 years ago
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