Answer:
a.
Accumulated depreciation 44600 Dr
Cash 52700 Dr
Equipment 84400 Cr
Gain on disposal 12900 Cr
b.
Accumulated depreciation 44600 Dr
Cash 39800 Dr
Equipment 84400 Cr
c.
Accumulated depreciation 44600 Dr
Cash 34700 Dr
Loss on disposal 5100 Dr
Equipment 84400 Cr
Explanation:
First we need to determine the net book value of the equipment at the time of sale. The net book value is the net value after deducting accumulated depreciation from the cost of the asset.
Net Book value = Cost - Accumulated depreciation
Net Book Value = 84400 - 44600 = $39800
- If the asset is sold for more than its net book value, there is gain on disposal.
- If it is sold for exactly its net book value, there is no gain or no loss on disposal.
- If it is sold for less than its net book value, there is loss on disposal.
a.
Gain on disposal = 52700 - 39800 = $12900
b.
No gain or no loss as Net Book Value of the asset equals the amount of cash it is sold for.
c.
Loss on disposal = 34700 - 39800 = - $5100
Answer:
39.8
Explanation:
Calculation to determine Delivery cycle time
Using this formula
Delivery cycle time = Wait time + Throughput time = Wait time + (Process time + Inspection time + Move time + Queue time)
Let plug in the formula
Delivery cycle time= 29.7+ (0.4 + 0.3 + 3.8 + 7.4)
Delivery cycle time=29.7+11.9
Delivery cycle time=39.8
Therefore Delivery cycle time is 39.8
Answer:
(a)
Mathematical Equation for break-even
F = QP - QV
Where
F = fixed cost
Q = Break-even quantity
P = Selling price
V = Variable cost
F = Q ( P - V )
Q = F / ( P - V )
Q = $327,030 / ( $630 - $300 )
Q = $327,030 / $330
Q = 991 units
(b)
Contribution Margin = Price per unit - Variable cost per unit
Contribution Margin = $630 - $300 = $330
Break-even Point in Units = Fixed Cost / Contribution margin per unit
Break-even Point in Units = $327,030 / $330 = 991 units
Explanation:
Mathematical equation use the the break-even equation which represent the behavior of each element towards the break-even point.
Contribution per unit method use the contribution of each unit to calculate the break-even point.
Answer:
increases
higher
more
lower
lower
Explanation:
If the money supply is increased. individuals would have more money and consumption would increase. Increase in consumption would lead to a rise in demand.
when demand exceeds supply, prices rise,
When there is a rise in price, it encourages producers to increase production in order to increase their profit margin.
In order to expand production, more factors of production would be needed. So, more labour would be hired. thus, unemployment would fall.
it can be seen that higher inflation lowers unemployment
Answer:
Company A and Company B
Determination of annual revenue:
a) The information needed to determine which company has higher annual revenue include:
i) The annual quantities of packs of paper coffee cups sold to the Caribou Coffee locations in the US for a number of years.
ii) The annual quantities of dinner plates sold to Applebee's for the same years as above.
b) The annual revenues can be calculated by multiplying the price for a pack of 100 cups by the annual quantity sold.
Explanation:
Revenue is a function of price and quantity sold. The price is unit selling price and the quantity depends on the period for which revenue is being computed.
Revenue is the earnings from the sale of goods and services. The excess of revenue over cost of sales gives the gross profit, from which expenses would be deducted to arrive at net income after adding other incomes from non-operational activities.
