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fgiga [73]
4 years ago
6

The journal entry to record a return of merchandise purchased on account under a periodic inventory system would be

Business
1 answer:
pashok25 [27]4 years ago
4 0
Go to hw is hard .com
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Kansas Enterprises purchased equipment for $73,500 on January 1, 2021. The equipment is expected to have a five-year service lif
saveliy_v [14]

Answer:

The answer is $17,640

Explanation:

Equipment was bought on Jan. 1, 2022 for $73,500. This is the historical cost of the asset.

Residual value is $6,450. This is the amount the equipment is being expected to sell for at the end of its useful life.

Useful life is 5 years.

To know the percentage to be used for the depreciation, we have:

100percent / 5 years

= 20 percent

Double-declining is 40 percent(20 percent x 2)

Depreciation for 2021 is

$73,500 x 40 percent

= $29,400.

Carrying amount at the end of 2021 which will also be for the beginning of 2022 is $44,100 ($73,500 - $29,400)

Depreciation for 2022:

$44,100 x 40 percent

$17,640.

Therefore, the depreciation for 2022 is $17,640.

3 0
4 years ago
Which resource management activity establishes common definitions for capabilities of personnel, equipment, teams, supplies, and
mina [271]

Answer:

The correct answer is Identifying and typing resources.

Explanation:

Human resources management has several functions and activities. An entrepreneur who does not know exactly the functions and activities of human resources management is like a ship without navigation instruments.

Small businesses do not need complicated human resources management, but they must necessarily know their main functions and activities so that they are used to manage their staff.

The management of human resources in companies and organizations is structured based on the following functions:

  • The planning of human resources.
  • The analysis of jobs.
  • The coverage of human resources needs of the organization.
  • The increase of the potential and development of the individual.
  • The evaluation of employee performance.
  • The compensation of employees.
  • The management of health and hygiene at work.
3 0
3 years ago
In at least 150 words, examine the elements that might lead to a worker receiving a higher salary. Be sure to provide details an
Elza [17]

Answer:

As salaries are paid to workers by virtue of the work they perform, a factor that can be decisive for a salary increase is none other than a greater or better performance of the tasks that the worker performs.

On the other hand, wages can also rise if the country's minimum wage is raised, or if there is a situation of inflation that renders workers' wages useless over time.

And also, it may happen that the company that pays the worker's salary is in an exceptional situation that implies a salary improvement as a way of rewarding the performance of its workers.

6 0
3 years ago
On January 1, 2019, Cullumber Company had $1,000,000 of common stock outstanding that was issued at par. It also had retained ea
Flauer [41]

Answer:

<em>a. Par value is $10, and market price is $19. b. Par value is $5, and market price is $20.</em>

Explanation:

4 0
3 years ago
To help travelers know what to expect researchers collect the prices of commodities
Lunna [17]

True. To help travelers know what to expect researchers collect the prices of commodities. In most cases, you can find information before you travel somewhere to see the moeny you may spend on different things like hotel, transportation, food and activities. Researchers put this information up so people can look and get ideas about what they should expect to spend when traveling.

4 0
3 years ago
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