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
Inga [223]
3 years ago
9

EFG Transportation Company uses the straight-line method to depreciate its delivery truck. Which of the following reflects how r

ecognizing depreciation expense would affect the elements of the financial statements?
Assets=Liab.+Stk.EquityRev.−Exp.=Net Inc.Stmt of CashFlows
1.+ − NA NANA NA NANA
2.+ − NA NANA + −− OA
3.− NA −NA + −NA
4.+ + NANA NA NA− OA
a. Option 1
b. Option 2
c. Option 3
d. Option 4
Business
1 answer:
Stells [14]3 years ago
4 0

Answer:

C.− NA −NA + −NA

Explanation:

As we know that

The depreciation expense is a non cash expense which is to be charged every year and shown in the income statement

Plus it also reduced the value of the asset and stockholder equity as a retained earning but at the same time it increases the expenses due to which the net income reduced and it does not have any impact on the cash flow statements

Hence, the appropriate option is c.

You might be interested in
Assume that sales are predicted to be $4,000, the expected contribution margin is $1,720, and a net loss of $280 is anticipated.
Alexeev081 [22]

Answer:

e)  $4,651

Explanation:

The break-even point is the level of activity that a company must operate to have its total cost equal to its total revenue. At this level of activity, the business makes a zero profit, as the total contribution is exactly the same as the total fixed cost.

It is important for the business to have an idea of the number of customers or units of product to sell inorder for it to cover its total fixed cost. This is the information the break-point analysis seeks to provide.

Working it out

Break-point in sales = Total General fixed cost/ Contribution margin ratio

Contribution margin ratio (CMR): Contribution is sales less variable costs. And the contribution margin ratio is the proportion of sales that is earned as contribution. The higher the better.

CMR = contribution/sales

Fixed cost = Contribution + net loss

We can now apply all these relationships to the question given:

Fixed cost = 1720 + 280

                 = 4,000

Contribution margin ratio = 1720/400 = 43%

Break-even sales ($) = 4000/0.43

                                        = $4,651

3 0
3 years ago
Learning management systems are also known as knowledge work systems true or false
omeli [17]

The answer is false. Learning management systems is not known as knowledge work systems. Knowledge work systems are maintained by knowledge workers who manage and create knowledge. Knowledge, in this context, is universal and can be moved easily. It can include structured and unstructured documents.

6 0
3 years ago
The Family and Medical Leave Act: Multiple Choice protects recovering drug addicts and those erroneously believed to be drug abu
Phantasy [73]

Answer:

entitles eligible employees of covered employers to take job-protected, unpaid leave for certain family-related or medical reasons.

Explanation:

The Family and Medical Leave Act is a labor law enacted by the 103rd United States Congress and signed by President Bill Clinton on the 5th of February, 1993.

The Family and Medical Leave Act entitles eligible employees of covered employers to take job-protected, unpaid leave for certain family-related or medical reasons.

7 0
3 years ago
The immediate-short-run aggregate supply curve represents circumstances where: A. both input and output prices are fixed. B. bot
Butoxors [25]

Answer:

Option A

Explanation:

The correct answer is  Option A.

immediate-short-run last as long as both input and output prices are fixed.

In economics, the supply curve is the representation of the relationship between the price of the product and the quantity of the product.    

The price of the product is represented on the vertical axis whereas on horizontal axis quantity is represented.

5 0
3 years ago
Office with demarcation is known as what​
Katyanochek1 [597]
A a boundary point or network boundary point, a demarcation point is the physical point at which the public network of a telecommunications company ends and the private network of a customer begins.
3 0
3 years ago
Other questions:
  • If neither party is satisfied with the national labor relations board's decision, the parties can take the case to the _____ for
    7·1 answer
  • Which question is an illustration of a macroeconomic question? Multiple Choice a) Is a corporation unresponsive to the demands o
    9·1 answer
  • Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,1
    11·1 answer
  • Sandusky Inc. has the following costs when producing 100,000 units: Variable costs $600,000 Fixed costs 900,000 An outside suppl
    12·1 answer
  • (Exchange rate arbitrage​) You own ​$10 comma 000. The dollar spot rate in Tokyo is 215.8906 yen​/$. The yen rate in New York is
    13·1 answer
  • Philip Morris expects the sales for his clothing company to be $620,000 next year. Philip notes that net assets (Assets − Liabil
    8·1 answer
  • What are the factors of production?
    10·1 answer
  • Jed goes to the deli to purchase turkey that costs $6.71 per pound. State regulations indicate that the scale used in the deli m
    7·1 answer
  • whether the economy is in a recession is illustrated in the ad/as model by how close the _____________________ is to the potenti
    14·1 answer
  • How do delivery companies track packages? group of answer choices
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!