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Allisa [31]
3 years ago
5

On January 1, 2013, M. Johanson Company purchased equipment for $36,000. The company is depreciating the equipment at the rate o

f $500 per month. The book value of the equipment at December 31, 2013 is:A)$0.B)$6,000.C)$30,000.D)$36,000.
Business
1 answer:
andreyandreev [35.5K]3 years ago
3 0

Answer:

C)$30,000

Explanation:

Since the assets will depreciate including the acquisition month, the depreciation will be calculated as $500x12= $6000 . So the Book Value will be $36000 -$6000 = $30000

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Kim placed an order with her broker for 800 shares of each of three IPOs being offered this week. Each of the IPOs has an offer
Ainat [17]

Answer:

B. $3,251

Explanation:

Stock shares × Allocated price = Shares closing price

A 700 ×$ 29.15 =$20,405

B 430 ×33.86=$14,560

C 340× 36.43 =$12,386

Total $47,351

Stock shares × IPO price= Shares IPO price

A 700 ×$30=$21,000

B 430×$30= $12,900

C 340×$30=$10,200

Total $44,100

Total Profits $47,351-$44,100

=$3,251

Therefore Kim's total profit on these three stocks at the end of the first day of trading will be $3,251

8 0
3 years ago
Dan, a computer programmer, holds a garage sale to sell a lawnmower, some clothes, some CDs and some old clothes. Will, a lawyer
Mama L [17]

Answer:

<em>C. Judy</em>

Explanation:

A merchant underneath the Uniform Commercial Code is an individual who:

  • <em>Trades on items such as those included in the sales agreement. </em>
  • <em>Through profession, it considers itself to have unique skills and knowledge relating to the activities or products involved in the deal. </em>
  • <em>Hires a merchant as a dealer, broker or any other distributor.</em>

An individual is a merchant whenever, working in a professional context, he or she possesses or utilizes skills related specifically to both the products and services being offered.

<em>Judy is an expert in horse training, therefore possess skills, that will offer her an advantage in selling horses.</em>

6 0
3 years ago
Sheridan Company shows the following balances in selected accounts of its adjusted trial balance.
DanielleElmas [232]

Answer:

I really don't know but ight

3 0
3 years ago
Which of the following compensation proposals is most likely to be in the best interest of the company’s shareholders? A base sa
lianna [129]

Answer:

A base salary of $500,000 plus a stock option package for 250,000 shares, with 20% of shares maturing at the end of each of the next five years

Explanation:

This options will force the employee to stay in the firm for at least 5 years

Also it will tie his contribution to the market share

So their interest will be alinged with the company's interest of increasing his value and project better earnings through the five years program.

3 0
3 years ago
To avoid channel conflict resulting from Internet selling, a company should Multiple choice question. charge prices for online d
lesya [120]

Answer:

work with dealers to design an online sales portal that benefits both partners.

Explanation:

e-commerce is a short for electronic commerce and it can be defined as a marketing strategy that deals with meeting the needs of consumers, by selling products or services to the consumers over the internet.

This ultimately implies that, e-commerce is strictly based on the buying and selling of goods or services electronically, over the internet or through a digital platform. Also, the payment for such goods or services are typically done over the internet such as online payment services.

Simply stated, e-commerce is the act of engaging in internet selling.

In order to avoid channel conflict resulting from Internet selling, a company should work with dealers to design an online sales portal that benefits both partners i.e the online portal would focus on bridging the gap between the producer (company) and the consumers, as well as balancing the demand and supply of goods and services.

6 0
3 years ago
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