Answer: The asset's cost minus its accumulated depreciation.
Explanation: The book value of equipment owned by a company is the total worth of a company if it liquidated all its assets and substracted it's liabilities.
For easy computation it can be described as the Value of the Assets minute the accumulated depreciation for an equipment that depreciates according to time. Book value is of importance to the business as it helps to show what amount is actually the worth of a company when liquidated.
Answer: <em>Amount of budgeted income tax expense = $10,668</em>
Explanation:
Given:
Sales = $118,800
COGS = $48,500
Depreciation expense = $1,500
Interest expense = $250
Other expenses = $41,880
We'll compute the amount of budgeted income tax expense using the following formula:
Amount of budgeted income tax expense = 40% of (Sales - COGS - Depreciation expense - Interest expense - Other expenses)
= $118,800 - $48,500 - $1,500 - $250 - $41,880
= 40% x $26,670
= $10,668
Answer:
See below
Explanation:
Public corporation
<u>Stockholder control:</u> stockholders or shareholders are the owners. They control the corporation by electing the board of directors.
Government corporation
<u>Public regulation: </u>Is fully or partially owned by the government. They are formed and governed through legislation.
General Partnership
<u>Collective decision-making</u>. Partners share in the running of the business. Decisions are made after consultations with partners.
Sole proprietorship
<u>Unlimited liability.</u> The business and owner are treated as one entity. Assets and debts of the business belong to the owner.
Answer:
$4785
Explanation:
Estimated Production budget - 870 boxes
Hour /unit = 0.5
Total time required = (870*0.5)435 hr
Labor rate =$10/hr
Budgeted manufacturing overhead = 435 *10 *110%
=$4785
Answer:
The correct answer is letter "E": A survey.
Explanation:
External secondary data refers to information that was collected and studied by another party rather than the individual who is looking for it and is usually made public. Examples of external secondary data are censuses, information gathered by governmental agencies or corporate records.
<em>Surveys are considered sources to collect primary data just like interviews.</em>