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ICE Princess25 [194]

3 years ago

11

Department stores are most likely characterized by ________. Group of answer choices wide varieties of product lines predatory p

ricing strategies deep assortments of luxury brands specialty goods and services

1 answer:

AURORKA [14]3 years ago

4 0

Answer:

brands specialty

Explanation:

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The Marchetti Soup Company entered into the following transactions during the month of June:

Lisa [10]

Answer:

Cash account

debit credit

opening 70,000

2) 50,000

4) 230,000

<u>5) 175,000</u>

75,000

Accounts receivable account

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opening 53,000

3) 250,000

<u>4) 230,000</u>

73,000

Accounts payable account

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opening 32,000

1) 195,000

<u>5) 175,000 </u>

52,000

Merchandise inventory account

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1) 195,000

<u>3) 140,000</u>

55,000

Wages expense account

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8 0

3 years ago

During the current year, Lyle Co. incurred $204,000 of research and development costs in its laboratory to develop a patent that

valentina_108 [34]

Answer:

It will capitalize 245,000 to recognize the patent intangible asset

Explanation:

It will capitalize the entire research adn development cost as well as the fees and registration cost as are part of the incurred cost needed to obtain the patent

Therefore: 204,000 + 41,000 = 245,000

8 0

2 years ago

Read 2 more answers

Why would it be helpful for you to study ethics in short periods of time rather than long periods

maxonik [38]

Answer: Ethics and Human Interface: Essence, determinants and consequences of Ethics in human actions; dimensions of ethics; ethics in private and public relationships.

Explanation:

5 0

10 months ago

A company purchased a piece of equipment for $50,000 and the equipment has an expected useful life of five years. Its residual v

Simora [160]

Answer:

$12,000

Explanation:

Given that,

Cost of equipment = $50,000

Expected useful life = 5 years

Estimated residual value = $4,000

Depreciation refers to the fall in the value of fixed assets with the passage of time.

Here, we are using double-declining-balance depreciation method,

Firstly, we are calculating the straight line depreciation rate as follows:

= (100% ÷ useful life)

= (100% ÷ 5)

= 20%

So, the double-declining depreciation rate is calculated by multiplying the straight line depreciation rate by 2. It is calculated as follows:

= 2 × straight line depreciation rate

= 2 × 20%

= 40%

First year depreciation is calculated as follows:

= Double-declining depreciation rate × Cost of equipment

= 40% × $50,000

= $20,000

Therefore, the amount of depreciation expense for the second year is calculated as follows:

= Double-declining depreciation rate × (Cost of equipment - First year depreciation)

= 40% × ($50,000 - $20,000)

= 0.4 × $30,000

= $12,000

5 0

3 years ago

Unfortunately, Diana doesn't have enough money in her account right now. She needs to make additional contributions at the end o

Kobotan [32]

Answer: $1,203.49

Explanation:

The equal contributions will be an annuity. The $3,500 already there will also grow at 6% for 3 years. Expression is;

8,000 = ( 3,500 * ( 1 + 6%)^3) + Contribution * Future value interest factor of annuity, 3 years, 6%

8,000 = 4,168.56 + Contribution * 3.1836

Contribution = (8,000 - 4,168.56) / 3.1836

Contribution = $1,203.49

6 0

2 years ago