Answer:
B
Explanation:
Payback period is the total time it takes an organization to recover the initial capital incurred in acquiring an asset.
It is expressed in years and fraction of years.
Initial investment 20,000
Year 1 3000 17000
Year 2 8000 9000
Year 3 15,000
9000/15000= 0.6 years
The payback period = 2.6 years
Answer:
The correct answer is letter "C": in color.
Explanation:
In order to make a sentence more concise, it is better to avoid redundancies, it is setting aside words that have a similar meaning within the same segment. Redundancies are typically useful for literature when the author wants to emphasize the meaning of something. Though, when talking about scientific facts, it is better not to use them because they tend to confuse the meaning of the message delivered. In:
<em>When the scientists added the final chemical into test tube, the malodorous liquid turned green in color.
</em>
"...in color" does not add meaning to the message. If something turns green it is understood that the color has changed. Thus, to make more concise the sentence we should delete it.
Answer:
A. $1,075,000
B. No
Explanation:
A. Calculation for the book value of the equipment
Using this formula
Book value of the equipment=Equipment account -Accumulated depreciation—equipment account
Let plug in the formula
Book value of the equipment= $3,150,000-$2,075,000
Book value of the equipment=$1,075,000
Therefore the book value of the equipment will be $1,075,000
(b) NO the balance in the accumulated depreciation account does NOT mean that the equipment's loss of value is the amount of $2,075,000.
Beth likes to go shopping, so every month she sets aside 100$ for shopping only. this is known as <u>"budgeting".</u>
Budgeting is the way toward making an arrangement to spend your cash. This spending plan is known as a budget. Making this spending plan enables you to decide ahead of time whether you will have enough cash to do the things you have to do or might want to do. Planning is basically adjusting your costs with your salary.
On the off chance that you don't have enough cash to do all that you might want to do, at that point you can utilize this arranging procedure to organize your spending and concentrate your cash on the things that are most essential to you.
Answer:
$25,000
Explanation:
The value of inventory at the end of the end of the period will be equal to
Value of inventory = Cost of goods sent less the cost of goods already sold.
<em>Remember the arrangement is that of agency, hence the goods are not deemed to be sold except the agent has been able to exchange them for revenue in a sales contract with his own buyers.</em>
Also the sales commission would be reported under a separated ledger which will be reported as part of the operating expenses.
Amount of inventory = $105,000 - $80,000
= $25,000
