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Fofino [41]
3 years ago
11

Oak Inc. has the following information regarding its assets: Book Value Estimated Undiscounted Cash Flows Fair Value Equipment $

48,000 $ 43,000 $ 40,000 Building $ 81,000 $ 83,000 $ 78,000 Patent $ 43,000 $ 47,000 $ 45,000 What amount of loss should be recorded due to asset impairments
Business
1 answer:
yaroslaw [1]3 years ago
6 0

Answer:

$8,000

Explanation:

Given that,

Equipment:

Book value = $48,000

Estimated Undiscounted Cash Flows = $43,000

Fair value = $40,000

Building:

Book value = $81,000

Estimated Undiscounted Cash Flows = $83,000

Fair value = $78,000

Patent:

Book value = $43,000

Estimated Undiscounted Cash Flows = $47,000

Fair value = $45,000

From the above information, we can conclude that only the equipment is impaired as it is the only asset whose estimated future cash flows are less than its book value.

The impairment loss obtained from the asset is determined as the difference between the fair value and the book value.

Amount of loss should be recorded due to asset impairments:

= Book value - Fair value

= $48,000 - $40,000

= $8,000

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The cost object of the plantwide overhead rate method is:
Tema [17]

Answer:

The correct answer is letter "A": The unit of product.

Explanation:

A plantwide overhead rate is a single overhead rate given typically in smaller firms to allocate manufacturing overhead costs to products or cost objects. The rate is implemented when services provided by the different units of the company are undifferentiated. Then, <em>the cost object used in the plantwide overhead rate is the unit of product.</em>

8 0
4 years ago
In the context of marketing mix, localization can be adopted by:
defon

Answer:

d. selling products that appear to be locally adapted.

Explanation:

Localization:It refers to products which is locally adapted by the end-users. It is that thing which is easily adapted by the peoples and along with it, it can meet the needs of the people.  

It overall impacts the customer buying behavior which includes their taste and preference, bargaining power, affordability, reasonable price, etc

By going throughout the options, the most correct option is D. So, other options are incorrect.

7 0
3 years ago
34. Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of til
kakasveta [241]

Answer:

budgeted  manufacturing overhead=$2871

Explanation:

Direct labour hours= budgeted production × standard hours per unit

                            = 870× 1/4 hour=217.5  hours

Direct labour cost =  217.5 ×    $12 =$2610

Manufacturing overhead = Overhead absorption rate × direct labour cost

                                       = 110%×2610 =2,871

Budgeted  manufacturing overhead=$2871

3 0
3 years ago
Blain Company has $10,000 of accounts receivable that are current, $5,000 that are between 0 and 30 days past due, $3,000 that a
True [87]

Answer:

d. $1050.

Explanation:

We multiply each account balance by the expected uncollectible amount and then addd them to get the expected total for doutful accounts

\left[\begin{array}{cccc}Date&Amount&Expected&uncollectible\\$not due&10000&0.02&200\\$up to 30&5000&0.05&250\\$up to 60&3000&0.1&300\\$more than 61&800&0.5&400\\&&Total&1150\\\end{array}\right]

Balance of the allowance account:  100

The expense will be the adjustment made on the allowance to get the expected balance of 1,150

1,150 - 100 = 1,050

we increase the allowance bu 1,050 to get our expected uncollectible fro maccounts receivable agaisnt the bad debt expense ofthe period.

8 0
3 years ago
4. which of the following is a drawback of the spt dispatching rule? (5 pts) a) long jobs may be continuously pushed back in fav
sergij07 [2.7K]

Long jobs may be continuously pushed back in favor of shorter jobs is a drawback of the spt dispatching rule.

What is SPT?

The standard penetration test (SPT) is a dynamic in-situ penetration test used to determine the geotechnical engineering parameters of soil. This is the most common subsurface exploratory drilling test performed around the world. ISO 22476-3, ASTM D1586, and Australian Standard AS 1289.6.3.1 all outline the test technique. The test produces samples for identification as well as a measure of penetration resistance that can be used in geotechnical design. For geotechnical engineering reasons, there are numerous local and extensively published international correlations that relate blow count, or N-value, to soil engineering parameters.

Long-duration work may be continually pushed back in priority in favor of short-duration jobs, which is its main drawback.

So, the right answer is A.

To learn more about SPT
brainly.com/question/22953574

#SPJ4

5 0
1 year ago
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