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max2010maxim [7]
3 years ago
14

On January 1, Noonan Company purchases equipment for $100,000. The equipment is expected to have a useful life of 5 years and wi

ll have no value at the end of that period. Noonan allocates the cost equally over the period of use so the depreciation expense that must be recognized for the year is:
Business
1 answer:
PtichkaEL [24]3 years ago
7 0

Answer:

$20,000

Explanation:

Since the cost is allocated equally, the depreciation expense on the purchased equipment will be calculated as:

                                                                 =  <u>Cost of equipment- Scrap value</u>

                                                                        Useful life

                                                                 =  <u>$100,000 - $0</u>

                                                                        5 years

                                                                = $20,000

Based on the above, the depreciation expense for the year that must be recognized by Noonan Company is $20,000.

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Manufacturing costs include Group of answer choices
jeka94

Answer:

the answer is b) direct materials, direct labor, and manufacturing overhead.

Explanation:

direct materials - the materials and supplies used to create a product. (wood used to make a table)

direct labor- the labor and service implemented in the process of delivering finished goods. (hours spent on crafting the table)

manufacturing overhead- any indirect costs involved in the production of the product.

7 0
3 years ago
Tri Fecta, a partnership, had revenues of $362,000 in its first year of operations. The partnership has not collected on $46,400
OverLord2011 [107]

Answer:  $185,500

Explanation:

Total cash received = Sales revenue - Accounts receivable + owner's investment + amount borrowed

                                 = $362,000 - $46,400 + $42,000 + $30,000

                                 = $387,600

Total cash disbursement = Merchandise purchased - Accounts payable + Salaries + Interest + Insurance

                                          = $200,000 - $38,600 + $28,100 + $2,700 + $9,900

                                          = $202,100

Ending cash balance = Total cash received - Total cash disbursement

                                   = $387,600 - $202,100

                                   = $185,500

8 0
4 years ago
Technology can either shift the labor demand to the right or to the left, depending on its effect on the marginal product of lab
zavuch27 [327]

Answer:

If we find out that technology has shifted the labor demand to the left, this is a disadvantage to labor.

Explanation:

To begin with, It's important to properly understand the concept of Marginal Product of Labour.

In simple terms, marginal product of labor is basically the change in unit output occasioned by a unit change in labor. There are a number of factors that may cause a marginal change in labor. Suffix to say, marginal change can either be to the right or to the left.

To narrow it down, we have technology to consider as one of the factors that ensue marginal change. Even more, this change can either be to the right or left. That is, an increase in technology might result to an increase in unit labour - this is to the right. And this is beneficial or advantageous to labor. In same vein, a increase in technology might result to a decrease in unit labour - this is to the left. And this is disadvantageous to labor.

It's on established record that introduction of new technologies, procedures and processes often have a direct effect on an individual employee. This altogether affects the marginal product in labour.

Hence, when technology brings changes to the left, this is a disadvantage to labour, as there is possibly a downsizing or reduction in labor strengths occasioned by the new technologies.

4 0
4 years ago
Read 2 more answers
) If product Light is processed further and sold, what would be the financial advantage (disadvantage) for Bodbbm177 Corporation
m_a_m_a [10]

Answer: Disadvantage of -$5,800

Explanation:

Incremental sales revenue if processed further and sold = (12 - 10) * 2,200

= $4,400

Additional cost = $10,200

Financial Advantage(Disadvantage) = Incremental revenue - Additional cost

= 4,400 - 10,200

= -$5,800

3 0
3 years ago
You are an RR and one of your fellow RRs decides to open an online trading account with an unaffiliated firm because the transac
bezimeni [28]

Answer:

The correct answer is II. Regardless of whether it is a margin account or a cash account, the NYSE regulations must be followed.III. The employing firm must receive duplicate statements and confirmations.IV. The employing firm must consent to the opening of the account and must do so in writing.

Explanation:

The NYSE is the largest and oldest stock exchange in the United States.

It is a market based on the orders of investors, it works with a continuous auction system. To understand how the stock market works, we must know that the stock market does not control the prices of the securities but that its objective is to assure investors of the existence of an orderly and fair market.

The indices that make up the NYSE are the following:

  • Nyse Composite Index New
  • Nyse Us 100 Fund
  • Dow Jones Industrials 30 Stock
  • S&P 500 Index
6 0
3 years ago
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