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Mrrafil [7]
3 years ago
14

The balance sheet reports the A. financial position on a specific date. B. financial position for a specific period. C. results

of operations on a specific date. D. results of operations for a specific period
Business
1 answer:
MakcuM [25]3 years ago
5 0

Answer:

c

Explanation:

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saveliy_v [14]
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3 0
3 years ago
3. Working with Numbers and Graphs Q3 Suppose that a small business sells 975 units of goods per month at $30 per unit. The unit
Salsk061 [2.6K]

Answer:

economic profit  = $11225

Explanation:

given data

sells = 975 units

cost = $30 per unit

cost of producing goods = $15

implicit costs = $3,400

solution

total revenue = 975 × 30 = $29250

and total cost = 975 × 15  = $14625

so here Total profit will be as

Total profit = $29250 - $14625  = $14625

so here economic profit will be

economic profit  = Total profit  - implicit costs

economic profit  = $14625 -  $3,400

economic profit  = $11225

6 0
3 years ago
A company purchased factory equipment on June 1, 2021, for $173000. It is estimated that the equipment will have a $8600 salvage
Mandarinka [93]

The amount to be recorded as depreciation expense on December 31, 2021, is (B) $9,590.

<h3>What is depreciation expense?</h3>
  • Depreciation expense is the cost of a depreciated asset for a specific period, and it reveals how much of the asset's value was used up in that year.
  • Accumulated depreciation is the entire amount of depreciation expense given to an asset since it was placed in service.
  • A business spends $84,000 on new display racks with a useful life of 7 years (84 months) and no residual value.
  • The corporation would most likely choose a straight-line depreciation technique, which would result in a $1,000 monthly depreciation expenditure ($84,000/84 months = $1,000 per month).

The straight-line technique of calculating depreciation expense is given below:

  • = (Original cost - salvage value) ÷ (useful life)
  • = ($173,000 - $8,600) ÷ (10 years)
  • = ($164,400,000) ÷ (10 years)  
  • = $16,440

In this method, the depreciation is the same for all the remaining useful life.

Now for the 7 months, the depreciation expense would be:

  • = $16,440 × 7 months÷ 12 months
  • = $9,590

Therefore, the amount to be recorded as depreciation expense on December 31, 2021, is (B) $9,590.

Know more about depreciation expenses here:

brainly.com/question/25785586

#SPJ4

The correct question is given below:

A company purchased factory equipment on June 1, 2021, for $173000. It is estimated that the equipment will have a $8600 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2021, is ______.

(A) $16440.

(B)$9590.

(C)$8220.

(D)$6850.

7 0
1 year ago
Which is least like the others<br> Bear, badger, elephant, hamster
grin007 [14]
Elephant I would guess........
6 0
3 years ago
The nation of Ectenia has 20 competitive apple orchards, which sell apples at the world price of $2 per apple. The following equ
Phoenix [80]

The  market's labor demand is L=500−2.5W

Since labor demand as a function of the daily wage is L 50-0.25W.

Hence,

The individual labor demand curve is: L=50−0.25W

Now let determine The market labor demand curve

The market's labor demand is :

L=10(50−0.25W)

L=500−2.5W

Inconclusion The market's labor demand is L=500−2.5W

Learn more about market's labor demand here:

brainly.com/question/13540328

4 0
2 years ago
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