A public company is owned by anyone who buys its stock the people who own the most stock get to run the company, a private company is owned by the founder and anyone he hires
Answer: Cost of keeping old machine is $469,000
Cost of Purchasing New Machine is $271,000
Explanation:
Keeping the old machine.
When calculating the cost of keeping the machine you use the disposal value.
Cost = (Disposal Value - Residual Value) + Total Operating Costs for remaining lifetime
Cost = ( 88,000 - 15,000) + ( 36,000 * 11 years)
Cost = 73,000 + 396,000
Cost = $469,000
Cost of keeping old machine is $469,000.
Cost of New machine
Cost = (Disposal Value - Residual Value) + Total Operating Costs for remaining lifetime
Cost = (239,000 - 76,000) + (12,000 * 9)
Cost = 163,000 + 108,000
Cost = $271,000
Cost if New machine purchased,
= $271,000
Answer:
shifts from innovative to functional products
Answer:
$50,000
Explanation:
Based on this information, the cash collected from accounts receivable during the period is $50,000. This can be calculated in the following way. Since the Company started the period with a $14,000 debit balance and ended that period with only $8,000 it means that $6,000 was used. Since it was used, it means that it was deducted from the actual collected total. Therefore to find this total we add these $6,000 to the revenue for that period which was $44,000. This totals up to $50,000.
Answer:
decrease ending inventory on the balance sheet.
Explanation:
A write down is defined as the process of reducing the value of an asset in a business's books as a result of economic or fundamental changes in the asset.
Write down is done when a firm readjust their balance sheet usually in quarterly reports. It is the opposite of write up.
Abel company is writing down by $30,000 to a realisable value of $450,000. This will be represented in the balance sheet as a decrease in ending inventory. So as to reflect the new value of $450,000.