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andriy [413]
4 years ago
8

Vaughn Manufacturing has estimated that total depreciation expense for the year ending December 31, 2021 will amount to $591000,

and that 2021 year-end bonuses to employees will total $1240000. In Vaughn's interim income statement for the six months ended June 30, 2021, what is the total amount of expense relating to these two items that should be reported?
Business
1 answer:
natali 33 [55]4 years ago
5 0

Answer:

$915,000

Explanation:

Because half of the depreciation expense, and the expense on bonuses has already been reported by June 30,2021 (the half of the year), only hafl of the total money spent on the two items will have to be reported for the interim income statement ended on December 31, 2021:

$591,000 / 2 = $295,500

$1,240,000 / 2 = $620,000

Now, we simply add up these two figures:

$295,500 + $620,000 = $915,000

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Vinvika [58]

Answer:

Advantages of a corporation include limited liability for its shareholders, a perpetual existence and ease of transferring ownership interests

Explanation:

https://www.justia.com/business-formation/docs/corporation-advantages-disadvantages/

7 0
3 years ago
Explain how secured credit cards work, including details about the security deposit, how payments work, and why they’re less ris
lawyer [7]

The secured credit cards are backed by a collateral deposit against the risk of default in repayment by the cardholder. Each card is liable to be repaid by the cardholder with the amount of purchases being made.

<h3>What is a credit card?</h3>

A card, or a form of plastic money, issued by a financial institution in such a way that the person to whom such card is issued can utilize it to purchase goods and services on credit, is known as a credit card.

A secured credit card is a safe and risk-free form of issue for the issuer, as it is covered by a security deposit as a collateral. Repayment is done either out of the deposits, or by manual payment by the cardholder.

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8 0
2 years ago
Certain real options allow companies to change capacity output in response to changing market conditions. True or False: The pre
docker41 [41]

Answer:

True

Explanation:

Real options include basically the option to get involved in projects involving real assets, as like building, land, machinery that is tangible assets or there is an option to choose securities.

These options provide for the growth of company by increasing their capacity to produce and that the company shall grow with the aim of producing and doing the business with more capacity to generate revenue.

8 0
4 years ago
Micca ensures that all of her employees understand and follow through on the
Rufina [12.5K]

Answer:

Set and achieve high standards

Explanation:

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8 0
3 years ago
Ballard Company uses the perpetual inventory system. The company purchased $10,000 of merchandise from Andes Company under the t
Sunny_sXe [5.5K]

Answer: $8750

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Total purchase = $10250

Gross margin = Sales - Total Purchases

= $19000 - $10250

= $8750

7 0
3 years ago
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