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stepan [7]
3 years ago
7

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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How many americans are victims of identity theft each year? about 10,000. about 100,000. about 1 million. about 10 million. abou
MAXImum [283]
About 10 million <span>americans are victims of identity theft each year</span>
7 0
3 years ago
Neal joins Filestene Inc. as an executive designer. The HR manager informs him that he will have to join the labor union within
Gnesinka [82]

Answer: (E) Union shop

Explanation:

 The union shop arrangement is refers to the process in which we require the number of workers for join and also participate in the specific union and it is also called as the post entry or the closed shop.

The workers or the union representatives also providing the various types of benefits in the specific time period. Depending on the different protection level the trade unions are varying nation to nations.

According to the given question, the Neal's human resource manager is basically referring to the union ship that is related to the union membership.    

Therefore, Option (E) is correct answer.  

7 0
3 years ago
Ivy orally agrees to buy a unique collection of sports memorabilia for $10,000 from Jess and sends $2,500 as an initial payment.
kow [346]

Answer:

D. specific performance.

Explanation:

Specific performance -

It is the act or the order by the court , in order to solve an any conflict for the law of contract .

This is basically used to solve any issue related to land , property or any goods or services , this practice is used in case of any personal service .

It helps the people to against any form of injustice or malpractice .

It is a form of forced action , which helps with some previous transaction , and is one of the best remedy for the problem .

6 0
3 years ago
Bruin Company reports current E&amp;P of $200,000 in 20X3 and accumulated E&amp;P at the beginning of the year of $100,000. Brui
Kipish [7]

Answer:

B. $300,000

Explanation:

For computing the dividend, the computation is shown below:

= Current E&P + accumulated E&P at the beginning of the year

= $200,000 + $100,000

= $300,000

The dividend is $300,000 which is less than the distributed amount i.e $400,000 So, the distribution of dividend is only $300,000 ,not the $400,000 and the same is considered.

6 0
3 years ago
Explain how the following event would affect the cost curves A company's primary supplier of resources implements a 3 percent pr
Alenkasestr [34]

Answer:

Marginal cost, average variable cost, and average total cost will increase. Average fixed cost will not change.

Explanation:

Marginal Cost is the change in total cost as a result of producing one extra unit of output.

Variable cost is cost that varies with output level. Average variable cost = variable cost / quantity produced

Fixed cost is cost that doesn't vary with the level of output produced. Average fixed cost = Fixed cost / quantity produced.

Total cost is the sum of fixed and variable cost. average total cost is total cost / quantity produced.

If the price of supplies increase, the cost of production increases and average total cost, average variable cost and marginal cost would increase.

Fixed cost would remain the same.

I hope my answer helps you

5 0
3 years ago
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