Answer: a. credit to Accumulated Depreciation of $481
Explanation:
Find the monthly depreciation on all the assets;
Communications Equipment
= 9,600 / (8 years * 12 months)
= 9,600/96
= $100
Furniture
= 17,424 / (12 * 12)
= 17,424/144
= $121
Computer
= 12,480 / (4 * 12)
= 12,480/48
= $260
Add that up;
= 260 + 121 + 100
= $481
This figure will be debited to the depreciation expense account every month and credited to the Accumulated depreciation account to account for the reduction in Asset value.
Answer:
The customer have to accept the trade at the amount of $28
Explanation:
Based on the information given we were told that the actual amount the customer paid when the customer order was filled was the amount of $28 and not the amount of $27.50 which was the purchase price given by the broker dealer, Hence based on this we can vividly say that the customer have to accept the trade at the amount of $28 which was the actual amount paid when the order was filled.
Therefore the customer will have to accept the trade at the amount of $28.
Answer:
cost of goods manufactured= $653,500
Explanation:
Giving the following information:
Consider Derek's budget information: materials to be used totals $65,100; direct labor totals $198,700; factory overhead totals $393,700; work in process inventory January 1, $188,500; and work in progress inventory on December 31, $192,500.
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 188,500 + 65,100 + 198,700 + 393,700 - 192,500= $653,500
The format button is used to format a table's text to make it more interesting in PowerPoint.
<h3>What is the work of the Format button?</h3>
As the name suggests, the Format button is used to format the text, table, size, etc. And make more interesting in the PowerPoint, MA word, MS Excel.
The formatting button is used to make the more interesting and attractive texts, tables, pictures, etc.
Therefore, the formatting button is used to make more interesting the text of the table.
Learn more bout the format button, refer to:
brainly.com/question/8517487
Answer:
Current ratio = 4.04
Explanation:
Current ratio measures the ability of a business to settle its short term obligations using its liquid financial resources (current assets)
<em>A current ratio in excess of 2 is considered as adequate (except for some special occasions) and vice versa</em>.
Current ratio is computed as follows:
Current ratio = current assets/current liabilities
Applying this we have
$
Cash 102
Receivable 94
Inventory 182
Other current assets <u> 18</u>
<em>Total current assets 396
</em>
<em><u>To</u></em><em>tal current liability 98</em>
Current ratio= Total current assets / T<u>o</u>tal current liability
Current ratio = 396/98= 4.04:1
Current ratio = 4.04
