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3 years ago

Define the term depreciation

Business

2 answers:

Fofino [41]3 years ago

7 0

Loss of value over a period of time

postnew [5]3 years ago

4 0

Hey!

The word depreciation is the assigning of a plant asset's cost to expense over the accounting periods. You would assign them to the accounting periods that the asset is likely to be used.

Hope this helps!

- Lindsey Frazier ♥

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Gloria Rose works at College of Austin and is paid $ 30 per hour for a 40-hour workweek and time-and-a-half for hours above 40

Solnce55 [7]

Answer and Explanation:

1. The gross pay is

Straight time pay

= 40 hours × $30 per hour

= $1,200

overtime pay

= 40 hours × $30 per hour × 1.5

= $1,800

So, the total gross pay is

= $1,200 + $1,800

= $3,000

2. Now the net take home pay is

Gross pay $3,000

Less: deductions

Income tax withholding (20%) -$600

Employee OASDI tax (6.2%) -$186

Employee medicare tax (1.45%) -$43.50

Net take home pay $2,170.50

3. Now the journal entries are

Wages expense $3,000

To Income tax payable $600

To Employee OASDI tax payable $186

To Employee medicare tax payable $43.50

To wages payable $2,170.50

(Being the wages expense is recorded)

We debited the expenses as it increased the expenses and credited all liabilities it increased the liabilities

Wages payable Dr $2,170.50

To cash $2,170.50

(being cash paid is recorded)

For recording this we debited the wages payable as it reduced the liabilities and credited the cash as it also reduced the current assets

8 0

3 years ago

Heidi Debeneditti, the Finance Director of CH2M Hill, states that selection really begins with early planning even before you

Kitty [74]

Answer:

The correct answer is job specification.

Explanation:

The specification of the work consists in ordering in a more detailed way what the position in the organization should perform and so that its work is efficient starting from a series of factors (competences) that have to be included in the specification these will depend on the type of work that is being considered and the purpose of the specification.

The most common factors are the following:

Education
Experience
Mental ability
Responsibility
Effort
Working conditions
Risks

These descriptions have some formats that are proposed according to the organization and the design to be available based on their analysis and well executed description. Finally, these require a guide for writing descriptions.

6 0

3 years ago

Sunnyvale Inc. is considering investing in a new project. The average invested assets of the project would be $450,000 and the i

hram777 [196]

Answer:

Rate of Interest = Operating Income/Average Invested Asset

Residual Income = (Operating Income- Average Invested Assets)*Minimum Required rate of return

a. ROI before investing = $220,000/$2,005,000

ROI before investing = 0.109725686

ROI before investing = 10.97%

b. Residual Income = $220,000 - $2,005,000*5%

Residual Income = $220,000 - $100,250

Residual Income = $119,750

c. ROI after investing = ($220,000+$37,000) / ($2,005,000+$450,000)

ROI after investing = $257,000/$2,455,000

ROI after investing = 0.10468432

ROI after investing = 10.47%

d. Residual Income after investing = $220,000 + $37,000

Residual Income after investing = $257,000

8 0

3 years ago

Describe at least two advantages a large company has over a smaller company. (1-4 sentences.

STatiana [176]

A larger company can benefit from economies of scale, meaning they can get discounts by purchasing and producing in bulk which a smaller company wouldn't have the ability to do. A larger store also has the potential for higher revenue because they have more goods and services to sell.

4 0

3 years ago

Read 2 more answers

According to O'NET, what are common work contexts for Foresters? Check all that apply.

Marina CMI [18]

Answer:

telephone

freedom to make decisions

electronic mail

face-to-face discusions

Explanation:

just did it on edgenuity