Answer:
a. Straight-Line method:
Year depreciation = (Cost - Residual value) / useful life
= (130,000 - 10,000) / 6
= $20,000
2019 = $20,000 2020 = $20,000
b. Double declining.
= Twice the rate of straight-line.
= 1 / 6 * 2
= 33%
2019 2020
= 130,000 * 33% = (130,000 - 42,900) * 33%
= $42,900 = $28,743
c. Units of Production:
Rate per unit = (Cost - residual) / Number of units in lifetime
= (130,000 - 10,000) / 1,000,000
= $0.12 per unit
2019 2020
= 180,000 * 0.12 = 140,000 * 0.12
= $21,600 = $16,800
Answer:
$450 U
Explanation:
Spending Variance for Supplies = Standard Cost - Actual Cost
Standard cost formula = $1,200 per month + $20 per frame
Standard cost for actual output = $1,200 + ($20 
610)
= $1,200 + $12,200
= $13,400
Actual cost = $13,850
Spending Variance = $13,400 - $13,850
<u>= -$450 Unfavorable</u>
Since the value is negative the variance is unfavorable as actual cost is more than standard cost of the product.
Answer:
Following high-profile corporate scandals including Enron and WorldCom, Congress
passed a set of legislations known as the Sarbanes-Oxley Act which requires the
disclosure of the presence or absence of a Code of Ethics for senior financial officers.
Explanation:
The Sarbanes-Oxley Act of 2002 is a federal law that established sweeping auditing and financial regulations for public companies. Lawmakers created the legislation to help protect shareholders, employees and the public from accounting errors and fraudulent financial practices.
Answer:
$299,452.668
Explanation:
The computation of future value of annuity is shown below:-
Future value of annuity = Annuity × ((1 + rate)^Time period - 1) ÷ Rate
= $1,500 × ((1 + 0.07)^40 - 1) ÷ 0.07
= $1,500 × ((1.07)^40 - 1)) ÷ 0.07
= $1,500 × (14.97445784 -1) ÷ 0.07
= $1,500 × 13.97445784 ÷ 0.07
= $1,500 × 199.635112
= $299,452.668
Therefore for computing the future value of annuity we applied the above formula.
Answer:
Carrier network infrastructure problems generally involve complications with the network system of telecommunications services used to transmit data over a distance.
Explanation:
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