Answer:
Explanation:
Cost of machine - $80000
Useful life - 5 years
Salvage value -$5000
Depreciable amount = 80000-5000= 75000
Annual depreciation = 75000/5 = 15000
Year DR Accum Dep
Cost 8000
1 Depreciation 15000 15000
2 Depreciation 15000 30000
Year 3 Depreciation 15000 45000
Year 4 Depreciation 15000 60000
Year 5 Depreciation 15000 75000
Financial statement template
Balanced sheet
Cash asset + Non cash asset = liabilities + Equity
Cash asset + 65000 = liabilities + equity
Income statement
Revenue - expenses = Net income
Revenue - 15000 - Net Income
Answer:
$110,692
Explanation:
To determine the cost of the equipment that Starcents purchased, we must find the present value of its cash flows:
- Cash flow year 1 $10,000
- Cash flow year 2 $10,000
- Cash flow year 3 $10,000 + $100,000 = $110,000
the discount rate is 6%
equipment purchase cost = ($10,000 / 1.06) + ($10,000 / 1.06²) + ($110,000 / 1.06³) = $9,434 + $8.900 + $92,358 = $110,692
Answer:
Debit Salary Expenses $12,000, Credit Salary Payable $12,000
Explanation:
5 days salaries = $30,000
2 days salaries = $30,000/5 =$20,000
The adjusting entry would be increasing salary expenses and creating a corresponding liability for the same.
Debit Salary Expenses $12,000, Credit Salary Payable $12,000
Answer:
$500,000
Explanation:
The computation of the break even point in dollars is shown below:
= (Fixed cost) ÷ (Profit volume ratio)
where,
Profit volume ratio = Contribution margin per unit ÷ Selling price per unit
= $180 ÷ $600
= 0.3
Contribution margin per unit = Selling price per unit - variable cost per unit
= $600 - $420
= $180
And, the fixed cost is $150,000
Now put these values to the above formula
So, the value would be equal to
= $150,000 ÷ 0.3
= $500,000
A firm is the managing underwriter of a follow-on offering of a security that's listed on the nyse. the aftermarket prospectus delivery rule Does not require the firm to deliver a prospectus.
The investment banker or investment bankers in charge of organizing a given debt or equity offering The managing underwriters are identified in the underwriting agreement, along with a description of their duties.
The issue is more profitable for the underwriter since managing underwriters get more of it to sell to their clients.
The amount of the issue that other underwriters will receive to sell to their customers is decided by managing underwriters.
To keep the price of the securities stable during the underwriting period, they also participate in open market trades. also see underwriter the top company in an underwriting group, which initiates the transaction and serves as the group's agent.
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