Answer:
$225,300
Explanation:
The computation of the total amount of trading investment reported in the balance sheet is shown below:
December 31 Cost Fair value Lower of cost or fair value
Barth inc $68,000 $65,300 $65,300
Foster inc $162,500 $160,000 $160,000
Total value $225,300
We take the lower of cost or fair value and the same is shown above so that the accurate amount could come
Answer:
depreciation in 2004 = 5754.5
Explanation:
The salvage value of an asset is the book value estimated at the end of depreciation. The straight-line depreciation method equally distributes the depreciation per year throughout the useful life of the equipment.
In order to calculate the depreciation value in 2004, let us first calculate the depreciation. This is calculated as follows:
Total Depreciation = Purchase cost - salvage value
Purchase cost = cost of equipment + cost of installation
= 172024 + 10610 = $182,634
∴ Total depreciation = 182,634 - 10,000
= $172,634
Depreciation per year = Total depreciation ÷ number of years
Number of years = 2030 - 2000 = 30
Depreciation per year = 172,634 ÷ 30
= 5754.5
∴ depreciation in 2004 = 5754.5
Answer:
$0.215
Explanation:
The computation of the cost per item in Group 1 is shown below:-
Candy amount paid = $3,100
Item received = 7,100
For Group 1
Sale value = Group 1 units × Selling price
= 2,110 × $0.15
= $316.5
For Group 2
Sale value = Group 2 units × Selling price
= 4,720 × $0.35
= $1,652
For Group 3
Sale value = Group 3 units × Selling price
= 270 × $0.71
= $191.7
= Total sale value = $316.5 + $1,652 + $191.7
= $2,160.2
So, Sale percentage for Group 1 = $316.5 ÷ $2,160.2
= 14.65%
Now, the proportion of cost for Group 1
= $3,100 × 14.65%
= 454.15
Cost per unit = Proportion cost ÷ Group 1 units
= $454.15 ÷ 2,110
= $0.215
Answer: Product design
Explanation:
The product design is one of the process that helps in creating the new product by properly determining the feasibility of the product based on the customer requirement and the needs.
The product should be cost efficient, high quality and designing the product by using the product stage development process.
According to the question, the John Deere is designing the specific design or equipment on the basis of needs of the manufacturing company and this process is known as the product design.
Therefore, Product design is the correct answer.