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Mekhanik [1.2K]
3 years ago
8

A change in depreciation method is accounted for:Select one:a. Retrospectively.b. Prospectively, like changes in accounting esti

mates.c. As a cumulative adjustment to income in the year of change.d. None of the above.
Business
1 answer:
arlik [135]3 years ago
5 0

Answer: :a. Retrospectively

Explanation:

A change in depreciation method is a change in accounting policy and as such it would need to be accounted for retrospectively.

This means that it must be accounted for by going back to all periods where the change affects an entry and adjusting that entry for the change so that the accounting can be more accurate.

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Which team member has the most significant role in a team effort?
MrRissso [65]

Answer:

D. All members are equally important

Explanation:

Edgenuity 2020

6 0
3 years ago
Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. Management also believes tha
gladu [14]

Answer:

1. The expected cost of production for each tire sold is $0.013 per tire.

2. Probability that Grear will refund more than $50 for a tire is 0.0107

Explanation;

1. Mileage is 36,500 miles

Standard deviation is 5,000 miles

Observed miles is 30,000 miles

100 miles failed at $1

Therefore;

(36,500 - 30,000) /5,000 = 1.3

To get the cost of production,

Since 100 miles equals $1 if fail

1.3 × 1 / 100

= $0.013 per tire.

2. P(Z<25,000 - 36,500/5,000)

= P(Z<-11,500/5,000)

=Z<2.3

Therefore,

1-0.9893

=0.0107

The probability that Grear will refund more than $50 for a tire is 0.0107

3 0
3 years ago
On September 12, Vander Company sold merchandise in the amount of $4,600 to Jepson Company, with credit terms of 2/10, n/30. The
Hitman42 [59]

Answer:

Dr Cash 4,116

Dr Sales discounts 84

Cr Accounts receivable 4,200

Explanation:

Vander Company Journal entry

Dr Cash 4,116

(4,200-82)

Dr Sales discounts 84

Cr Accounts receivable 4,200

Calculation of Sales discounts

4,200*2%

=84

Merchandise

(4,600-400)

=4,200

4 0
3 years ago
Develop a sample budget for someone aged 55-65, considering the adjusted income and expenses in this life phase.
Dominik [7]

Explanation:

55 to 65-Year-Old’s Budget

Particular            Per month

Housing                    $554

Food                         $245

Healthcare                $500

Pensions                    $350

Entertainment            $118

Transportation           $247

Cash                           $155

Other                          $94

5 0
3 years ago
A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the fol
grigory [225]

Answer:

C: The flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing.

Explanation:

Production possibility curve shows various combinations of two different products that a firm can produce given a limited resources. The maximum that a firm can produce is represented along the curve. Area under the curve represents inefficient use of resources and area above the curve is out of reach because of limited resources.

Option C cannot be illustrated by PPF.

6 0
2 years ago
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