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
Anna71 [15]
3 years ago
13

The cash price of this machine was $54,500. Related expenditures included: sales tax $2,050, shipping costs $100, insurance duri

ng shipping $110, installation and testing costs $80, and $100 of oil and lubricants to be used with the machinery during its first year of operations. Whispering Winds estimates that the useful life of the machine is 5 years with a $4,100 salvage value remaining at the end of that time period. Assume that the straight-line method of depreciation is used.
Business
1 answer:
marin [14]3 years ago
8 0

Answer:

Under striaght line the depreciation wil be of 10,548 dollar per year.

Explanation:

the accouting will enter the asset as the sum of all necessary cost to aquire it and leave it ready for use:

price       54,500

taxes         2,050

shipping       100

insurance      110

installation <u>    80     </u>

<em>total </em><em>        56,840‬</em>

depreciation per year:

(cost - salvage value ) / useful life

(56,840 - 4,100) / 5 = 10.548‬

You might be interested in
The Future Business Leaders of America (FBLA) is the best organization to
Degger [83]
Option B A hush school student interested in management
6 0
3 years ago
What is the effective annual rate of 11 percent compounded semi-annually?
jeka94
Im pretty sure it is 11.30 percent. 
5 0
3 years ago
Sam invests $5,000 of his own money in his new auto detailing business. He then obtains a loan and builds a small workshop in hi
ki77a [65]

Answer:

Assets= 15,000

Liabilities= 10,000

Owner's equity= 5,000

Explanation:

When he invests 5,000 of his own money that 5,000 is an asset as it is cash and the 10,000 he borrows is also an asset as it is cash. The liabilities are 10,000 as he has to pay 10,000 back and it is a loan so it is a liability also.

The owners equity is 5,000 as he invested 5,000 of his own money in the business and that is owners equity.

7 0
4 years ago
Which scenario best reflects the relationship between production and demand in a recession?
Maurinko [17]

Answer:

you know the more you delete my aswers the more mad i get so your punishment is getting spammed have fun!!!

Explanation:

The post has just arrived and in it a very nice surprise, the discovery that Jacques Seguela, one-time adviser to President Mitterrand, now close confidant of President and Madame Sarkozy (indeed he intoduced them), and something of a legend in French political communications, has dedicated his latest book to little old moi.

With apologies for the missing accents here and in the French bits of the long posting which follows – the dedication to ‘Le Pouvoir dans la Peau‘ (Power in the skin) reads ‘A Alastair Campbell, mon spin doctor prefere’ (three missing accents in one word – mes excuses sinceres).

So what did I do for this honour, you are asking? Well, perhaps the fact that he asked me to read his book, and write a ‘postface’ assessment both of his writing and of the issues he covers, and the fact that I said yes, has something to do with it. He says some blushmakingly kind things in his ‘preface to the postface’, which I will have to leave to French readers of the whole thing (published by Plon). But for the largely Anglophone visitors of this blog, I thought some of you might like to read the said ‘postface’ in English (apart from the bits where I quote direct from his book). I hope all those students who write asking for help with dissertations will find something quotable in it.

Meanwhile I am off to Norway for a conference and a meeting with the Norwegian Labour Party. I’m looking forward to being in the country with the highest ‘human development index’ in the world, and which showed such a mature response to the recent massacre of Oslo and Utoya.

Here is the postface to Le Pouvoir dans la Peau

Jacques Seguela writes about political campaigns and communications not merely as an expert analyst, but as an experienced practitioner. Hence his latest book contains both insights worth heeding, but also enlivening tales of his own experience. He is observer and participant; outsider looking in, and insider looking out.  There is much to look at, not least in France with a Presidential election looming, and the outcome far from easy to predict.

so lol

\

3 0
4 years ago
S&amp;P Enterprises sold 10,000 units of inventory during a given period. The level of inventory of the manufactured product rem
nignag [31]

Answer:

Option A Net income will be the same under both variable and absorption costing.

Explanation:

The condition here given is:

Production Units = Sales units

Now under such conditions their is no finished goods and all the fixed costs are absorbed in the units produced in the absorption costing which means all the fixed production costs are part of the cost of goods sold.

In variable costing system, the fixed costs are not absorbed in the units and deducted as period cost.

So this means no cost is left which is not deducted from the revenue and this gives us net income that is same amount when we either use variable costing or use absorption costing. But remember that this is only possible when the production units are equal to sales units.

8 0
3 years ago
Other questions:
  • The Woods Co. and the Mickelson Co. have both announced IPOs at $56 per share. One of these is undervalued by $8, and the other
    10·1 answer
  • About eight months ago, 14-year-old Shelley went on a drastic weight-loss diet that caused her to drop from 110 to 80 pounds. Al
    5·1 answer
  • On January 1, a company issues bonds dated January 1 with a par value of $300,000. The bonds mature in 5 years. The contract rat
    14·1 answer
  • Soft and Silky, Inc. manufactures bedding sets. The budgeted production is for 53,000 comforters in 2017. Each comforter require
    14·1 answer
  • King, CPA, is auditing the financial statements of Cycle company, a client that has receivables from customers arising from the
    13·1 answer
  • g Tirri Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 7.30 Direct labor $
    12·1 answer
  • The following information pertains to Hyde Corp.'s issuance of bonds on January 1, Year 1: Face value $1,000,000 Term 10 years S
    12·1 answer
  • A software company developed a new virus protection software named LockDown. The box containing the CD displayed the company nam
    8·1 answer
  • What are some benefits and consequences to shared decision-making?
    11·1 answer
  • Sales $ 22,235,000 Variable expenses 13,981,800 Contribution margin 8,253,200 Fixed expenses 6,100,000 Net operating income $ 2,
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!