1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gregori [183]
3 years ago
10

On December 31, 2017, Faital Company acquired a computer from Plato Corporation by issuing a $600,000 zero-interest-bearing note

, payable in full on December 31, 2021. Faital Company's credit rating permits it to borrow funds from its several lines of credit at 10%. The computer is expected to have a 5-year life and a $70,000 salvage value.Prepare any necessary adjusting entries relative to depreciation (use straight-line) and amortization (use effective interest method) on December 31, 2018.

Business
1 answer:
garik1379 [7]3 years ago
7 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

You might be interested in
Suppose ABC Dairy is one firm competing in the perfectly competitive market for milk. Now suppose ABC Dairy decides to produce o
Sedbober [7]

Answer:

The correct option is D.

Explanation:

In a perfectly competitive market, there are many sellers selling the same product and in this market, firms have easy entry and exit, products are identical in nature from one seller to another and also the sellers are price taker.

So, in this case, ABC firm compete in this market for milk but later on they changed their production to produce organic milk and this change would be described by the effect that ABC firm is differentiating its product from market and they will have a chance to charge high price than earlier.

Therefore, the correct option is D.

8 0
3 years ago
Before you confirm the backpack shape selection, let's make sure you're reading the backpack shape information properly. Which o
Novosadov [1.4K]

<u>Teardrop Rucksack</u> has the highest production cost.

Production fees refer to all of the direct and oblique fees businesses face from production a product or offering a carrier. Manufacturing expenses can consist of a selection of costs, including exertions, raw substances, consumable manufacturing materials, and general overhead.

It includes 3 most important costs: uncooked substances, direct labor, and overhead. Those charges can be fixed (maximum overhead) or variable (uncooked substances and hard work). The whole product value formula is general Product price = fee of raw substances + price of Direct exertions + price of Overhead.

Blanketed inside the production fee are (1) the fee of uncooked materials, (2) the fee of direct labor, and (3) the cost of overhead. Raw substances and hard work costs are frequently variable, even as the overhead expenses are in the main fixed.

Learn more about production cost here:- brainly.com/question/13738783

#SPJ4

4 0
1 year ago
McFadden, Inc. has collected the following data. (There are no beginning inventories.)Units produced 600 unitsSales price $150 p
vodka [1.7K]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Units produced 600 units

Direct materials $40 per unit

Direct labor $13 per unit

Variable manufacturing overhead $6 per unit

Variable selling and administrative costs $4 per unit

The variable costing method calculates the cost of goods based on direct material, direct labor, and variable manufacturing overhead.

First, we need to calculate the unitary cost of production:

unitary cost= 40 + 13 + 6= $59

Inventory= 600 units - 450 units= 150 units

Inventory cost= 150*59= $8,850

8 0
3 years ago
The job of increasing public awareness of a company's products, brands, or activities and by fostering desirable company images,
Zina [86]

It is the task of <u>"Public Relations".</u>


Public relations(PR) is the way associations, organizations and people speak with general society and media. A Public relations authority speaks with the intended interest group straightforwardly or by implication through media with an expect to make and keep up a positive picture and make a solid association with the gathering of people. Examples incorporate official statements, pamphlets, open appearances, and so on and also utilization of the internet.

8 0
2 years ago
(1) By early 2008 the U.S. economy was in a significant downturn. The unemployment rate began to
alexandr1967 [171]

Answer:

The economic principle governing the congressional package is known as economic stimuli.

Explanation:

The phenomenon of Economic stimuli is described as a change in economic or fiscal policy to enable economic growth in an economic slump. Some of the other activities may include dropping interest rate or quantitative easing.

7 0
3 years ago
Other questions:
  • Which of these statements regarding Regal Marine is TRUE? Product design is a critical decision for the firm. Regal uses a three
    10·1 answer
  • You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4.4 percent indefinitely
    11·1 answer
  • You work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 1717 years. You expect tha
    10·1 answer
  • A media campaign geared to prevent a policy change the interest group does not favor is known as a(n) __________ campaign.
    12·1 answer
  • What software is essential for any company doing business on the Web to constantly monitor the activity on a company's network s
    6·1 answer
  • Mineral-rich Zambia is one of the world's most important sources of uranium. It also is a source of copper, tin, diamonds (mainl
    11·1 answer
  • LinkedIn is an example of a(n).<br> app?
    8·1 answer
  • Feature of deligation of authority​
    10·1 answer
  • Joe and Janice run an accounting firm. The firm receives $5,000,000 as income from its services. It pays an annual rent for offi
    12·1 answer
  • The FDIC in the United States insures some financial accounts up to what amount?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!