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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

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BR Company has a contribution margin of 9%. Sales are $477,000, net operating income is $42,930, and average operating assets ar
ser-zykov [4K]

Answer:

32.03%

Explanation:

Data provided as per the question

Net operating income = $42,930

Average operating assets = $134,000

The computation of  return on investment (ROI) is shown below:-

Return on investment =net operating income ÷ average operating assets

$42,930 ÷ $134,000

= 32.03%

Therefore for computing the return on investment we simply divide average operating assets by net operating income.

5 0
3 years ago
Read 2 more answers
Output range with increment of 10 5.15.1: Output range with increment of 10 Write a program whose input is two integers, and who
kvasek [131]

Answer:

// Program is implemented using Coral Programming Language

int X

int Y

int Sum

Put "Enter any two numbers" to output

x = Get next input

Y = Get next input

if Y < X

Put "Second integer can't be less than the first" to output

else

for Sum = X; Sum <= Y; Sum = Sum + 10

Put Sum to output

Explanation:

The above program is written using Coral Programming Language

The first line is a comment

The next 3 lines declares 3 integer variables

Which are X, Y and Sum

X and Y represent the two input numbers as seen on line 6 and 7

X, being the first and Y being the second

Line 8 tests the larger of the two numbers

If Y is less than X, the output is "Second integer can't be less than the first" without the quotes

Else

The last two lines perform iterative operations that assigns the addition of 10 and X to Sum

It continues printing sum as long as sum is less than the value of Y.

8 0
3 years ago
Kitchen and Laundry and More has annual credit sales of $2,473,701 and cost of goods sold of $1,838,207. The average accounts re
Agata [3.3K]

Answer:

32.59 days

Explanation:

DSO = Average receivables / Sales Revenue X 365

= $56,736 / (2,473,701 - 1,838,207) x 365

= $56,736 / (635,494) x 365

= 32.59 days

3 0
2 years ago
The management of Leyton Electronics Inc. always favors market orientation over the other marketing management philosophies. In
vredina [299]

Answer:

C.

Explanation:

Market Orientation refers to a business approach that focuses on what the customers want and need and then creating the products to satisfy them. Therefore based on the information provided in this question it can be said that the likeliest answer is that Leyton Electronics Inc. satisfies its customers' wants and needs legally and responsibly.

6 0
3 years ago
On January 1, Miami Gold Exchange paid cash of $64,800 for computers that are expected to remain useful for six years. At the en
Dmitry_Shevchenko [17]

Answer: See explanation

Explanation:

The amount of depreciation for the month of January using the straight line depreciation method will be:

= (Cost - Salvage Value) / Life of Assets / 12 Months

= ($64,800 - $0) / 6 Years / 12 Months

= $10800/12

= $900 per month

The adjusting entry for depreciation on January 31 will be:

Dr Depreciation Expense - Computer Equipment $900

Cr Accumulated Depreciation-Computer Equipment $900

(To record the depreciation expense)

4 0
2 years ago
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