What should be the basic goal of a firm when it sets a level of output?

Machinery was purchased for $340,000 on January 1, 2017. Freight charges amounted to $14,000 and

Triss [41]

Answer:

Correct answer is A, $133,600

Explanation:

First, let’s compute the capitalizable amount of an asset on January 1, 2017.

Cost of machinery $340,000 plus the freight charges of $14,000 and the installation cost of $40,000 equals $394,000. Capitalizable cost includes all expenses incurred in bringing the asset in to its usable stage.

Second, let’s compute the depreciation expense using straight line method in December 31, 2017.

(Cost of asset - salvage value) / life of an asset

($394,000 - $60,000) / 5 years = $66,800

Finally, we can now compute the accumulated depreciation as of December 31, 2018 by multiplying annual depreciation computed previously (January 1, 2017 to December 31, 2017) by 2.

So, $66,800 x 2 years (2017 & 2018) = $133,600

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4 years ago

Your company currently processes its payroll internally but is considering the use of an external accounting firm. You are in ch

melomori [17]

Answer:

The answer is: A feasibility report

Explanation:

A feasibility report's main purpose is to evaluate a proposed solution to determine how possible, reasonable and economically feasible is the application of the proposed solution.

When you evaluate the proposed solution several things must be considered including estimated costs of implementing the solution, under what constraints should the solution be considered and different alternative solutions.

After the pros and cons are evaluated, the feasibility report should either recommend to carry on or discharge the proposed solution based on legal, technical and economic conditions.

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3 years ago

In 2018, U.S. President Donald Trump proposed a 33% cut in the United States Agency for International Development (USAID) budget

Goryan [66]

Answer:

It would not help to compare the U.S. federal budget this year to previous years.

Explanation:

a) Data and Calculations:

Proposed cut in USAID for the upcoming fiscal year of 2019 = 33%

USAID spending in 2019 = $16.8 billion

This would have been $16.8 billion/67% = $25.07 without the proposed cut.

Ratio of actual 2019 USAID spending to the 2019 budget = $16.8 billion/$4.4 trillion = 0.038 or 4%

b) Comparing the U.S. federal budget this year to previous years' is not relevant to the issue of foreign aid spending. Instead, the comparison should concentrate on issues connected to foreign aid.

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3 years ago

Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the product

Lerok [7]

Answer:

What unit values should Herman use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to ending inventory?

Product 1: $26 (cost)
Product 2: $86 (NRV)
Product 3: $56 (cost)

Explanation:

Product 1 Product 2 Product 3

Cost $26 $96 $56

Selling price $58 $138 $88

Costs to sell $6 $52 $16

net realizable value $52 $86 $72

which is lower? $26 (cost) $86 (NRV) $56 (cost)

the net realizable value = selling price minus any costs associated to the sales process

7 0

4 years ago

Horton automatics and the industrial division of the communications workers of america—the union that represented horton's worke

musickatia [10]

Based on the scenario, an arbitration happens in the court order if both parties has an agreement to a dispute and based on the scenario, the arbitration occurred because of the reason that both parties have an agreement in which is the collective bargaining agreement. The court will likely set the arbitrator’s award due to the following reasons, if the award had violated public policy, the arbitrator’s conduct prejudice the rights of the other party and if the arbitrator has exceeded his or her powers and if the arbitrator decided to do any of this, it is likely that the court will set aside the arbitrator’s award.

0 0

4 years ago