Answer:
The correct answer is B.
Explanation:
Giving the following information:
Carson Company purchased a depreciable asset for $280,000. The estimated salvage value is $14,000, and the estimated useful life is 10,000 hours. Carson used the asset for 1,500 hours in the current year. The activity method will be used for depreciation.
Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced
Annual depreciation= [(280,000 - 14,000)/10,000]*1,500= $39,900
Answer:
The Tamara Foundation has partnered with Stronger Philanthropy to manage the grant application process. Stronger Philanthropy will interview charities to determine their funding priorities, present Charity Profiles to the Tamara Foundation that are aligned with our mission and mandate for shortlisting, contact charities being invited to submit an application for consideration, and manage new grant applications and follow-up reports.
Explanation:
hope it helps
answerd by Hami Radcliffe
Answer:
C. Full employment, fixed supplies of resources, fixed technology, and two goods
Explanation:
Production Possibility curve: It is a curve that shows all possible combinations to the amounts of the two goods that can be produced with the available resources and technology.
In simple words, all resources which are used to produce the possible combinations are called full employment. Thus, these specific assumptions plays vital role in production possibilities curve.
So, A, B, and the D are incorrect options.
Answer:
Cost of goods sold is $196
Explanation:
Using FIFO inventory sold are valued at the price of the most earliest stock in inventory.
The 16 units would be valued at $11 per one while the remaining 2 units would be valued at price of the purchase made on August 3 which cost $10 each
costs of goods sold=($11*16)+($10*2)
=$176+$20=$196
The costs of goods sold would be $196 if FIFO method of inventory valuation is used
Answer and Explanation:
The journal entries are shown below;
On March 1
Cash A/c $303,500
To Common Stock $3 Par value (44,500 × $3) $133,500
To Paid in capital in excess of par value $170,000
(Being the common stock issued is recorded)
On April 1
Cash $74,000
To Common Stock, no par value $74,000
(Being the common stock issued is recorded)
On April 6
Inventory $43,000
Machinery $155,000
To Common Stock (2,400 ×$20) $48,000
To Notes payable $93,000
To Paid in capital in excess of par value $57,000
(Being the shares are issued)
