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4 years ago

Prior to any trip it is important to do all of these except:

1 answer:

8 0

Checking the upholstery is not one of the important pre-trip tasks. This is not something that will affect anything other than the passenger comfort during the trip. Making sure that one has enough gas and other fluids in the car is much more important to the overall trip.

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Salvage value was ignored when originally calculating the units-of-production depreciation. This error would cause A. the period

elena-s [515]

I think the correct answer would be that the period's net income that is calculated would be overstated. Not accounting the salvage would mean that the calculated income is too much of what it really is since the depreciation value is miscalculated. Hope this helps.

8 0

4 years ago

Six months ago, Joe purchased a new dining room table for $6,500. In preparing accurate personalfinancial statements, this purch

Flura [38]

Answer:

The answer is B. 1 and 3

Explanation:

After the purchase of the dining room table, Joe owns it and controls it. Therefore, it will be an asset on the client's balance sheet..

It is also a variable outflow on the client's cash flow statement because the outflow is one-off. It doesn't occur monthly or yearly.

It will be a fixed outflow on the client's cash flow statement if it occurs monthly, semiannual or annually, like payment on servicing debts which reoccurs.

6 0

3 years ago

Data concerning Bedwell Enterprises Corporation's single product appear below: Selling price per unit $ 185.00 Variable expense

worty [1.4K]

Answer:

5,069 units

Explanation:

The computation of the units sales to achieve monthly target profit is shown below:

Unit sales is

= (Fixed cost + target profit) ÷ (contribution margin per unit)

= ($437,240 + $24,000) ÷ ($185 - $94)

= ($461,240) ÷ ($91)

= 5,069 units

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0

3 years ago

Monson sells 29 units for $50 each on December 15. Monson uses a perpetual inventory system. Determine the costs assigned to end

svetoff [14.1K]

The complete question:

Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 29 units for $50 each.

Purchases on December 7 20 units at $20.00 each

Purchases on December 14 34 units at $30.00 each

Purchases on December 21 30 units at $36.00 each

Monson uses a perpetual inventory system. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per-unit costs to 2 decimal places.)

Answer:

<h2>Trey Monson</h2>

<h3>Determination of the cost of Ending Inventory based on the Weighted Average Method:</h3>

Date Quantity Unit Cost Total Cost

Dec. 7 Purchase 20 $20 $400

Dec. 14 Purchase 34 30 1,020

Total 54 26.30 $1,420 .20

Dec. 15 Sale -29 26.30 -762.70

Dec 15 Balance 25 26.30 $657.50

Dec. 21 Purchase 30 36 1,080

Dec. 21 Available 55 31.59 $1,737.50

Dec. 31 Ending Inventory 55 $31.59 $1,737.50

Explanation:

To use the weighted average method, we divide the cost of goods available for sale by the number of units available for sale, which yields the weighted-average cost per unit. The cost of goods available for sale is the sum of beginning inventory and net purchases.

3 0

3 years ago

An increase in the ability to produce goods and services over time.

UNO [17]

Answer:

Economic Growth

Explanation:

Economic Growth- an increase in an economy's production capacity or potential GDP. The rate of economic growth is the key determinant of. changes in a society's standard of living – which a commonly measured using real GDP per Capita.

3 0

3 years ago