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4 years ago

What is a "balance brought forward?”

1 answer:

6 0

Balance carried forward. Previous balance on an account which is carried over to be next billing period. Depending on the account terms, additional fees may be accessed if the total balance carried forward exceeds a certain amount.

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Blossom Company purchased a machine with a list price of $168000. They were given a 10% discount by the manufacturer. They paid

mixer [17]

Answer:

$11,870

Explanation:

Given:

List price = $168,000

Discount = 10%

Shipping cost = $1,000

Sales tax = $6,500

Salvage value = $40,000

Useful life = 10 years

Now,

Purchasing price = List price - Discount

Purchasing price = $168,000 - [10% × $168,000]

Purchasing price = $168,000 - $16,800

Purchasing price = $151,200

Costs that are directly related to the purchase of asset are capitalized.

Thus,

Cost = Purchasing price + Shipping costs + Sales tax

Cost = $151,200 + $1,000 + $6,500

Cost = $158,700

Now,

Annual straight line depreciation = $\frac{Cost-Residual Value}{Useful life}$

Annual straight line depreciation = $\frac{158,700 - 40,000}{10}$

Annual straight line depreciation = $\frac{118,700}{10}$

Annual straight line depreciation = $11,870

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3 years ago

Kimberly-Clark developed its Avert Virucidal tissues that contained vitamin C derivatives, which were scientifically designed to

mezya [45]

Answer:

E) incomplete market and product protocol.

Explanation:

Kimberly-Clark's Avert Virucidal failed in test marketing, because the researchers in charge of product development failed to clearly define how it would satisfy consumers' wants and needs. The idea itself wasn't bad, but the concept testing was poorly done. During concept testing, the marketing researchers must determine if the consumers understand the product's idea or not, and obviously that didn't happen. The product does satisfy consumers' needs and if the marketing process was properly done, they would have probably accepted the product.

3 0

4 years ago

Read 2 more answers

seigel co. maintains a defined-benefit pension plan for its employees. at each balance sheet date, seigel should report a pensio

Lemur [1.5K]

Answer: funded status relative to the projected benefit obligation

Explanation:

A defined benefit pension plan is a pension plan type in which the employer promises to pay the worker a lump sum or a pension payment which is based on the earnings history, age and the tenure of service of the worker.

Since Seigel co. maintains a defined-benefit pension plan for its employees. at each balance sheet date, seigel should report a pension asset/liability that will be equal to the funded status relative to the projected benefit obligation.

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3 years ago

With what kind of vocabulary should a person be familiar for reading the balance sheet of a restaurant easily?

mote1985 [20]

Answer:

Explanation:

For all Plato users.

7 0

3 years ago

The positive thinking is necessary to develop decision making skill

ella [17]

<h3>Answer:</h3><h2>Answer:Yes it is true statement that the positive thinking is necessary to develop decision making skill. Without positive thinking we can't fulfill our work .If we have to make skill then positive thinking is necessary. In negative thinking we can't make our decision what to do but if we think positively we see all thing positive but we see all negative if we have think negatively. So the positive thinking is necessary to develop decision making skill</h2>

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3 years ago