Answer:
C. $12,500
Explanation:
Please keep in mind that, annual depreciation expense is caluclated as below:
Depreciation expenses = (Original cost - Salvage value)/Expected useful life
Putting all the number together, we have:
Depreciation expenses = (90,000 - 15,000)/6 = 12,500.
So the correct answer is C. $12,500
Answer:
1. Economic Growth and Regulatory Paperwork Reduction Act - <em>Consumer has less paperwork to go through to buy a new house</em>
The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) is a law that requires that the regulatory bodies of Federal Deposit Insured Corporation insured institutions such as banks and savings organisations review the documents they require from said banks to see if there are any unnecessary requirements needed. This will translate to fewer paperwork for the customers of such banks who for instance seek a mortgage to buy a house.
2. Fair Credit Reporting Act - <em>Consumer disputes financial information reported to a credit scoring company</em>
The Fair Credit Reporting Act (FCRA) gives consumers the right to dispute the information reported to a credit scoring company. It also regulates how these companies are allowed to collect and share the acquired data.
3. Federal Deposit Insurance Act - <em>The FDIC has the right to review companies for consumers</em>
4. Children's Online Privacy Act - <em>Consumer refuses to provide their five-year-old child's financial data to a company.</em>
The Children's Online Privacy Protection Act was passed in 1998 as a means to allow parents to determine what information about their children that websites can collect. Children in this case refers to people under the age of 13.
Answer:eral ledger of Fresh Bagel Manufacturing Company: Work in process inventory $0 Raw materials inventory $ 28 comma 000 Finished goods inventory $ 40 comma 100 Additional data: 1. Actual manufacturing overhead for January amounted to $ 62 comma 900. 2. Total direct labor cost for January was $ 63 comma 500. 3. The
Explanation:
ocess inventory $0 Raw materials inventory $ 28 comma 000 Finished goods inventory $ 40 comma 100 Additional data: 1. Actual manufacturing overhead for January amounted to $ 62 comma 900. 2. Total direct labor cost for January was $ 63 comma 500. 3. The predetermined manufacturing overhead rate is based on directestion
The following account balances at the beginning of January were selected from the general ledger of Fresh Bagel Manufacturing Company: Work in process inventory $0 Raw materials inventory $ 28 comma 000 Finished goods inventory $ 40 comma 100 Additional data: 1. Actual manufacturing overhead for January amounted to $ 62 comma 900. 2. Total direct labor cost for January was $ 63 comma 500. 3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $ 251 comma 000 of direct labor cost and $ 350 comma 300 of manufacturing overhead costs. 4. The only job unfinished on January 31 was Job No. 151, for which total direct labor charges were $ 6 comma 100 (1 comma 000 direct labor hours) and total direct material charges were $ 14 comma 100. 5. Cost of direct materials placed in production during January totaled $ 123 comma 200. The
Answer:
Marketing Communications and Promotions.
Explanation:
Marketing Communications and Promotions careers usually involve the following activities:
- elaboration of marketing budgets, contracts, plans
- selection of advertising media
- planning promotional campaigns
In this case, Harland went to the town council to discuss future marketing plans and contracts, and how they could benefit the town.
Answer:
Follows are the responses to the given question:
Explanation:
The same is always (2) and (3). This entry type which will raise the balance of the account is the typical balance expenditures, assets, earnings, and borrowing accounts are boosted by debits and reduced by loans. Credits increase income, liability, capital stocks, and owner's account and debits.
Asset:
Option b. Equipment
Option e. Cash
Option g. Prepaid Insurance
Option h. Land
Option i. Accounts Receivable
Liability:
Option c. Notes Payable
Option l. Unearned Revenue
Equity:
Option d. Common Stock
Option j. Dividends
Revenue:
Option k. License Fee Revenue
Option a. Fees Earned
Expense:
Option f. Legal Expense
