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gregori [183]
3 years ago
10

Archie Co. purchased a framing machine for $45,000 on January 1, 2021. The machine is expected to have a four-year life, with a

residual value of $5,000 at the end of four years. Using the straight-line method, depreciation for 2022 and book value at December 31, 2022, would be:
Business
1 answer:
k0ka [10]3 years ago
8 0

Answer: $10,000 and $25,000

Explanation:

DEPRECIATION FOR 2022.

Straight line method of depreciation means it depreciates by the same amount every year. You can calculate by

(Cost - Residual Value) / useful life.

=($45,000 - $5,000) / 4

= $10,000.

Each year the framing machine reduces by $10,000 meaning in 2022 the depreciation will be $10,000.

BOOK VALUE AT DECEMBER 31, 2022

We've established that every year the value drops by $10,000.

On December 31, 2021, it dropped by $10,000.

On December 31, 2022, it dropped by another $10,000.

Adding that together gives you 10,000 + 10,000 = $20,000.

$20,000 is the total depreciation at the end of 2022.

Subtract that figure from the cost,

=$45,000-$20,000

=$25,000.

BOOK VALUE ON DECEMBER 31, 2022 is $25,000.

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Annual Percentage Rate (APR), credit limit, and penalties
Artyom0805 [142]

Answer:

Choosing a credit card.

Explanation:

A credit card is a plastic rectangular card issued by financial institutions such as banks, that allows the cardholder to purchase goods or services from merchants on credit.

Credit cards offers it's users convenience to access a line of credit and thus, eliminates the need to carry cash (money) or check around.

The important criteria to consider when choosing a credit card are;

1. Annual Percentage Rate (APR).

2. Credit limit.

3. Penalties and fees.

4. Cash back.

3 0
3 years ago
Glenda is in the ninth grade, and she loves to write and share events that take place around her. She wants to become a journali
madam [21]

Answer:

D

Explanation:

This will help her develop journalism skills at a younger age

4 0
3 years ago
The Walt Disney Company is world renowned for its destination resorts and theme parks. The company prides itself on providing th
rodikova [14]

Answer:

Those repairing the rides.

Explanation:

The Walt Disney Company uses a strategy to create a complete experience when visiting its destination resorts and theme parks. Disney's goal is to create a magical world, where it can win people over by the enchantment of its characters and shows.

For this strategy to be effective, there is a very adequate training of its employees, most of them are included as members of the cast, using fantasies of the iconic characters and assisting visitors and taking photos, making the experience more complete.

But in the case of the above question, the group of employees who are most likely to be considered the "ingroup" in the theme park are those who provide technical support to repair the tours, due to the fact that the application of their skills is more technical and less playful. , as most Disney employees must behave.

7 0
3 years ago
Read 2 more answers
In light of persistent ____________, growing ____________ and the tendency by some firms and industries to seek legislative redr
Vinil7 [7]

Answer:

The answer is:

Trade deficit;

Foreign Direct Investment;

Restrict.

Explanation:

In light of persistent TRADE DEFICIT , growing FOREIGN DIRECT INVESTMENT and the tendency by some firms and industries to seek legislative redress for failures in the marketplace, the US Congress in the past two decades has increasingly been willing to provide the president with more powers to RESTRICT trade.

Trade deficit occurs when a country import more goods than what she is exporting. Trade deficit makes infant industries im the home country less competitive.

Foreign Direct Investment is the ownership of business in another country.

Restricting trade can makes home infant industries more competitive.

3 0
3 years ago
Simkin Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:
Anettt [7]

Answer:

0.34

Explanation:

Calculation to determine what The manufacturing cycle efficiency (MCE) was closest to:

First step is to calculate the Throughput time using this formula

Throughput time = Process time + inspection time + move time + queue time

Let plug in the formula

Throughput time=6.1+1.5+4.1+6.2

Throughput time=17.9

Now let calculate the MEC using this formula

MEC = process time / throughput time

Let plug in the formula

MEC=6.1/17.9

MEC =0.34

Therefore The manufacturing cycle efficiency (MCE) was closest to:0.34

8 0
2 years ago
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