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OleMash [197]
3 years ago
12

Sumitomo Bank, a large bank in southern California, has just purchased 120 high-speed telephone fax machines (costing about $1,3

00 each) to speed communications among its many offices. The purchase was made by the purchasing manager, who expects the machines to last about five years. In this case, the fax machines are:
A) accessory equipment.
B) MRO items.
C) installations.
D) component parts.
E) professional services.
Business
1 answer:
Kruka [31]3 years ago
7 0

Answer:

A) accessory equipment.

Explanation:

Accessory equipment is equipment that is fixed on a place or fixed to other equipment. If the accessory equipment is removed, the original equipment will continue to function as it did before.They must be depreciated since they cannot be expensed.

In this case, the fax machines work along side the telephones of Sumitomo bank and if removed, the telephones would still work. The IRS classifies fax machines as part of office furniture, fixture and equipment, and establishes a 7 year depreciation period.

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According to the new approaches to determining the success of an expatriate's assignment, the assessment of an expatriate's succ
aev [14]

Answer:

should be Globally acceptable with Flexibility, Leadership and Patience also with almost extreme Cultural Adaptability andLanguage Skills

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3 years ago
Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-st
suter [353]

Answer:

1. For the Year Ended December 31,2014

2. Revenues

3. Sales Revenue $96,639

4. Rent Revenue $17,230

5. Total Revenues $113869

(Sales Revenue $96,639 + Rent Revenue $17,369)

6. Expenses

7. Cost of Goods Sold $60,570

8. Selling Expenses $17,567

9. Administrative Expenses $9,138

10. Interest Expense $1,860

11. Total Expenses $89135

(Cost of Goods Sold $60,570 + Selling Expenses $17,567 + Administrative Expenses $9,138 +Interest Expense $1,860)

12. Income Before Income Tax $24,734

13. Income Tax Expense $9,070

14. Net Income/Loss $15,664

(Income Before Income Tax  $24,734 - Income Tax Expense $9,070)

15. Earnings Per Share $0.38

Earnings per share = ($15,664 ÷ 40,550) = $0.38

Explanation:

Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following 2014 info related to P. Bride Company. ($000 omitted).

From the information given, we can arranged the values as follows into a balance sheet

1. For the Year Ended December 31,2014

2. Revenues

3. Sales Revenue $96,639

4. Rent Revenue $17,230

5. Total Revenues $113869

(Sales Revenue $96,639 + Rent Revenue $17,369)

6. Expenses

7. Cost of Goods Sold $60,570

8. Selling Expenses $17,567

9. Administrative Expenses $9,138

10. Interest Expense $1,860

11. Total Expenses $89135

(Cost of Goods Sold $60,570 + Selling Expenses $17,567 + Administrative Expenses $9,138 +Interest Expense $1,860)

12. Income Before Income Tax $24,734

13. Income Tax Expense $9,070

14. Net Income/Loss $15,664

(Income Before Income Tax  $24,734 - Income Tax Expense $9,070)

15. Earnings Per Share $0.38

Earnings per share = ($15,664 ÷ 40,550) = $0.38

7 0
3 years ago
Read 2 more answers
If all courses were regular (not honors or AP) 1 credit classes, calculate the student's GPA based on the following grades:
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2.56 is the calculate of the student GPA

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3 years ago
If the inverse demand function is:
Vesnalui [34]

Answer:

-0.136 and $528

Explanation:

Given that

p = 50 - 0.5Q

where,

Q = 88

So, p equals to

= 50 - 0.5 × 88

= 50 - 44

= $6  

As it is mentioned that

p = 50 - 0.5Q

0.5Q = 50 - p

Q = 100 - 2p

And we know that

Price elasticity of demand is

= Percentage Change in quantity demanded ÷ Percentage Change in price

So,

= -2 × (6 ÷ 88)

= -0.136

And, the revenue is

= Price × Quantity

= $6 × 88

= $528

8 0
3 years ago
The following costs were incurred in September:
aleksley [76]

Answer:

Option (d) is correct.

Explanation:

Given that,

Direct materials = $44,200

Direct labor = $31,800

Manufacturing overhead = $25,200

Selling expenses = $22,100

Administrative expenses = $37,100

Conversion cost:

= Direct labor + Manufacturing overhead

= $31,800 +$25,200

= $57,000

Therefore, the conversion costs during the month totaled $57,000.

5 0
3 years ago
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