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3 years ago

On January 1, 2019, Oriole Company purchased the following two machines for use in its production process.

Business

1 answer:

Zarrin [17]3 years ago

5 0

Answer and Explanation:

The journal entries are shown below:

1 Equipment $53,420

To Cash $53,420

(Being the equipment is purchased for cash is recorded)

The computation is given below:

= Cash price of machine + sales tax + shipping cost + insurance during shipping + installation and testing cost

= $49,500 + $3,650 + $100 + $60 + $110

= $53,420

2. Depreciation expense $9,614

To Accumulated Depreciation - Equipment $9,614

(Being the depreciation expense is recorded)

The computation is shown below:

= ($53,420 - $5,350) ÷ ( 5 years)

= $9,614

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You go on vacation to Mexico and take $1,000 with you. During your time in Mexico, the peso appreciates in value relative to the

pogonyaev

Answer:

We will be able to purchase fewer goods and services.

Explanation:

Appreciation of a currency in terms of another currency implies an increase in the worth of a currency in terms of another currency.

An appreciation in the value of peso in terms of dollars means that the worth of peso has increased in terms of dollar.

In other words, the worth of dollar in terms of peso has decreased. The value of $1,000 will decline.

So, a tourist in Mexico with $1,000 will be able to buy fewer goods an services.

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3 years ago

Read 2 more answers

In accounting for uncollectible receivables, the balance in Allowance for Doubtful Accounts will directly impact the amount of t

andriy [413]

Answer:

c. the analysis of receivables method.

Explanation:

In accounting for uncollectible receivables, the balance in Allowance for Doubtful Accounts will directly impact the amount of the adjustment when applying the analysis of receivables method.

The uncollectible account for receivables includes loans, credit sales or other debts that the business isn't expecting payment for and they are recorded as bad debt expense on the balance sheet.

The allowance for doubtful account method is used to account for the bad debt expense, and recorded before the bad debt occurs.

Basically, there are two (2) main methods of determining uncollectible accounts for receivables under the allowance method, these are;

1. The analysis of receivables method.

2. The percentage of sales method.

In this scenario, we are more concerned with this;

The analysis of receivables method is used to determine uncollectible account for receivables based on the age of respective accounts receivable.

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2 years ago

In the circular flow of economic activity, there are two kinds of markets in which firms and households interact. In the factor

Nostrana [21]

Answer: Goods and the services are exchanged

Explanation:

The circular flow of the economical activity is refers to the various types of economical relationship in the market economy and the money and the wages are the form which is basically used for purchasing the products and the services.

In the given factor market the various types of products and the services are get exchange by the interaction of organization and the household. It is also helps for calculating the specific national income.

Therefore, Goods and the services are exchanged is the correct answer.

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3 years ago

(1) Quality of products available in superstore.

Pavlova-9 [17]

Answer:

(1)B

(2)A

(3)B

(4)A

Explanation:

4 0

3 years ago

"I’m not sure we should lay out $250,000 for that automated welding machine," said Jim Alder, president of the Superior Equipmen

NikAS [45]

Answer:

The annual net cost savings promised by the automated welding machine

Annual Costs savings in replacing 6 welders $108,000

Reduced Material costs $6,500

Total annual Costs savings = $114,500

Note there is a $3,000 annual maintenance cost that will then be taken off this savings amount to make up the Annual Net cash inflow of $111,500

A. The Net Present value is $72,227. Kindly refer to the attached document for the clear presentation

B. The project should be accepted because it delivers a positive NPV. Meaning the net benefit outweighs the cost of owning the new Assets.

The Discounted net Cash flow for the 6 years (aside the initial outlay) is $402,227.

Annually this comes to $67,038.

The benefit the business gets in the switch to the automatic welders is approximately $67,038 annually.

7 0

3 years ago