48360 / 52 weeks in a year = 930
930 / 40 hours = $23.25 per hour
Answer:
$2,091,000 per year
Explanation:
Data provided in the question;
Purchasing cost of the machine = $10.4 million
Transportation cost = $55,000
Salvage value = 0
Depreciable life = 5 years
Now,
Total cost of the machine involved
= Purchasing cost of the machine + Transportation cost
= $10.4 million + $55,000
= $10,400,000 + $55,000
= $10,455,000
thus,
using the straight line method of depreciation
Annual depreciation = 
Annual depreciation = 
or
Annual depreciation = $2,091,000
Hence,
Depreciation expenses associated with this machine is $2,091,000 per year
Answer:
The change in Accounts Receivable is added to net income; The change in Inventory is added to net income.
Explanation:
Account receivable:
= Ending balance - Beginning balance
= 24,000 - 28,000
= -4,000
Decrease in account receivable
Inventory:
= Ending balance - Beginning balance
= 65,000 - 68,000
= -3,000
Decrease in inventory
Since the Current assets have decreased therefore they should be added to net income.
The change in Accounts Receivable is added to net income; The change in Inventory is added to net income.
Note: The options are missing from the question, so i have attached the options with the answer.
Answer: The current ratio measures a company’s effectiveness in using fixed assets to support sales.
Explanation:
The statement regarding a financial statement analysis that is incorrect is option E "the current ratio measures a company’s effectiveness in using fixed assets to support sales".
The current ratio is used by a company to know if there are enough resources that are available in order to meet the short term obligations of the company.
This is done through the comparison of the current assets of the company to the current liabilities of the company.
Answer:
b. Protect and sustain its environment
Explanation:
Corporate social responsibility is when a company affect the environment where it is operating positively. The purpose is to ensure value is added to the activities of the organization by ensuring the environment and the economy its operating is impacted positively.
Examples of corporate social responsibilities are: giving scholarship to the children of the host community, provision of social amenities for the host community, reducing carbon footprints, charity and donations
Etc.
A company would protect and sustain its environment as part of its corporate social responsibilities when it install solar panel on its roof because such would reduce carbon pollution rather than increasing if it had made use of Generator in the environment where it is operating.
Companies have also begin to incorporate corporate social responsibility into their corporate strategy plan because consumers are now choosing which company's product to patronize having carefully examine their impact in the society and economy where they operate.
