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Marta_Voda [28]
2 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]2 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

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Answer:

51 % increase

Explanation:

Stock A price= $23.00

Stock A price after 6 months= $47.00

Increase in price of Stock A= $47 - $23

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Percentage increase in stick price = <u>$24</u>  x  100%

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                                                     = 0.510 x 100%

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The percentage increase in the price of Stock A is 51%

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3 years ago
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Data disposal laws require a. businesses to notify individuals who are affected by any incident that results in unauthorized acc
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Answer:

b. businesses to destroy customer data and maintain reasonable security procedures to guard against theft.

Explanation:

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A data dictionary can be defined as a centralized collection of information on a specific data such as attributes, names, fields and definitions that are being used in a computer database system.

In a data dictionary, data elements are combined into records, which are meaningful combinations of data elements that are included in data flows or retained in data stores.

This ultimately implies that, a data dictionary found in a computer database system typically contains the records about all the data elements (objects) such as data relationships with other elements, ownership, type, size, primary keys etc. This records are stored and communicated to other data when required or needed.

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2 years ago
What are the types of office etiquette?
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Answer:

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3 years ago
Bridget has an investment portfolio that includes an equity REIT. Which of these is most likely to be part of the REIT’s investm
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Answer:

The description including its question throughout the discussion is summarized throughout the explanatory section below.

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