1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marta_Voda [28]
3 years ago
6

On January 1, 2019, Oriole Company purchased the following two machines for use in its production process.

Business
1 answer:
ivolga24 [154]3 years ago
6 0

Answer and Explanation:

The journal entries are shown below:

1  Equipment   $53,420

     To Cash  $53,420

(Being the equipment is purchased for cash is recorded)

The computation is given below:

= Cash price of machine + sales tax + shipping cost + insurance during shipping + installation and testing cost

= $49,500 + $3,650 + $100 + $60 + $110

=  $53,420

2. Depreciation expense $9,614

      To Accumulated Depreciation - Equipment  $9,614

(Being the depreciation expense is recorded)

The computation is shown below:

= ($53,420 - $5,350) ÷ ( 5 years)

= $9,614

You might be interested in
If an economy moves into a recessionary period, examples of fiscal policies that act as automatic stabilizers include?
astra-53 [7]

As an economy moves into a recessionary period, examples of fiscal policies that act as automatic stabilizers include an increase in transfer payments.

Monetary increase refers to a boom in the size of a country's economy over a period of time. the scale of an economic system is commonly measured by the entire manufacturing of products and services inside the financial system, which is called gross home product (GDP). the financial increase may be measured in 'nominal' or 'real' terms.

The financial increase is a growth in the manufacturing of goods and offerings in a financial system. increases in capital goods, labor force, generation, and human capital can all contribute to the monetary increase.

Learn more about economic increase here:brainly.com/question/1690575

#SPJ4

5 0
1 year ago
Anne has violated a workplace protocol by texting while operating heavy equipment. No one was hurt but ann’s supervisor noticed
scoray [572]
A written warning. Many businesses "write a person up" for inappropriate behavior which can lead to dismissal if frequent.
6 0
3 years ago
If amazon had decided to design and manufacture the kindle and all its components in the united states, what do you think the co
Scrat [10]

Answer:

Brief summary of the case:

The case deals about the evolution of kindle by Company A. When the company decided to introduce kindle, its price was $399 in 2007. Company A understood that to be successful against the huge competitors, kindle must be priced low. It must be highly reliable, many features and elegance must be provided in the design of kindle. "Company A- designed kindle in State C where the research and development expertise is available.

Market research firm "IS," estimated that the manufacturing cost of kindle is about $185. The expensive components of the kindle are the display used in the Electronic ink technology and wireless cord. Company A contracted with Country C's company to produce the display. A manufacturer in Continent A produced a wireless cord of $13. Many components were contracted to the different countries to reduce the cost of the kindle to be competitive. Now, kindle became the competitor to the massive companies.

Determine if the company has decided to manufacture all the components of Electronic reader K in Country U:

If Company had decided to manufacture all the components in Country U, then it would have been more expensive. Company A cannot sell that at an affordable price. Increase in the cost of the components would increase the overall cost of the Electronic reader K. The most important strategy of Company A is to minimize the cost of the product to increase the number of sales.

Increase in the manufacturing cost will dilute their competitive advantage and it increases the cost of the product. It will lower the sales and the buyers would prefer to use the competitors' products, which are cheaper.

Determine if the company has decided to manufacture all the components of Tablet F in Country U:

It would be expensive if they decide to manufacture the components in Country U. It will not affect the sales number like Electronic reader K. as Tablet F is multipurpose. People will prefer quality and specifications than price.

Conclusion:

Manufacturing in Country U would be expensive and it increases the overall cost of the product. It would affect sales of the products.

3 0
3 years ago
What function of money is highlighted when sally pays her cell phone bill with cash?
sineoko [7]
It is the medium of exchange. It serves as the mediator instrument used to encourage the deal, buy or exchange of products between parties. For an instrument to work as a medium of trade, it must speak to a standard of significant worth acknowledged by all gatherings. In present-day economies, the medium of trade is money.
7 0
3 years ago
What annual rate of return is implied on a $2,500 loan taken next year when $5,375 must be repaid in year 6? (Do not round inter
Zarrin [17]

Answer:

16.54%

Explanation:

We have to applied the rate formula that is shown in the attachment.

The NPER shows the time period.  

Given that,  

Present value = $2,500

Future value or Face value = $5,375

PMT = $0

NPER = 6 years - 1 years = 5 years

The formula is shown below:  

= Rate(NPER,PMT,-PV,FV,type)  

The present value come in negative  

So, after solving this,  the annual rate of return is implied is 16.54%

4 0
2 years ago
Other questions:
  • Vladimir is a manager at Auttowort Inc., an automotive plant in the United States. Auttowort has started expanding to other coun
    5·1 answer
  • The first thing you must consider in any type of communication is
    6·2 answers
  • Mike is the director of human resources for a 120-employee family-owned manufacturing firm. Mike has been quite busy the last ye
    8·1 answer
  • Clarksen company uses a process costing system. the company requisitioned $93,000 of materials for department a and $67,000 of m
    5·1 answer
  • The following transactions are July activities of Bill’s Extreme Bowling, Inc., which operates several bowling centers.
    7·1 answer
  • Sherri is a self- employed house painter. she has no regular office, and she does not have a qualified office in her home. there
    12·1 answer
  • A check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. This item would be included in
    8·1 answer
  • Briefly explain what the term "balance of trade" refers to from a macroeconomic perspective and include a brief description of h
    11·2 answers
  • The anchoring and adjustment heuristic come in to play when consumers base their predictions on the quickness and ease with whic
    7·1 answer
  • the xyz block company purchased a new office computer and other depreciable computer hardware for $12,000. during the third year
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!