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Shalnov [3]
3 years ago
6

Foxx Corp.'s comparative balance sheet at December 31, 2018 and 2017 reported accumulated depreciation balances of $1,245,000 an

d $900,000, respectively. Property with a cost of $75,000 and a carrying amount of $57,000 was the only property sold in 2018. Depreciation charged to operations in 2018 was:
Business
1 answer:
never [62]3 years ago
4 0

Answer:

The multiple choices are as follows:

a. $327,000.

b. $345,000.

c. $363,000.

d. $402,000.

The correct option is B,$345,000

Explanation:

The depreciation charged to operations in the year 2018 is the increase in accumulated depreciation in 2018 compared to 2017 accumulated depreciation i.e the actual depreciation charge incurred in the year 2018 is addition to accumulated depreciation in 2018, which is computed thus:

2018 accumulated depreciation     $1,245,000

2017 accumulated depreciation     ($900,000)

increase in 2018                                $345,000

Hence the depreciation in 2018 is $345,000,which is charged in the income statement for 2018 in order to arrive at net income

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Operating expense

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Cedar Grove Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales
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Answer:

$47,000

Explanation:

Cedar Grove Industries CVP Income Statement for Month Ending May, 2017

Total Per Unit

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3 years ago
Values are Group of answer choices a. The deeply held convictions that influence your thinking when you are faced with choices b
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Answer:

a. Deeply held convictions that influence your thinking when you are faced with choices

Explanation:

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An individual forms his values from his family, friends and people around which gradually shape perspective.

Values determine how an individual behaves socially, what constitutes morally right and what is not. They govern the ethical behavior of an individual.

Values are personal in nature in the sense those ain't generally acceptable principles. Those differ from individual to individual.  They determine the course of action of an individual when faced with challenges and alternatives.

3 0
4 years ago
Which tasks does the stock control specialist perform before the unit arrives at the asp?
spin [16.1K]

Check the TEC, ensure that a valid DA Form 1687 is on file for the unit,

screen the Overdue Document list tasks does the stock control specialist perform before the unit arrives at the asp.

<h3>What are ASP personnel responsible for?</h3>

Ammunition Supply Point (ASP) are responsible for receiving, storing and issuing all class V ammunitions required to support all TRADOC, FORSCOM and SOCOM units/activities assigned to the installation, as well as US Army Reserves and US Army National Guard units from Georgia, Alabama and Florida.

They inspect boxes and containers and calculate quantity based on brass weight.

Once residue is turned in, residue personnel properly stores and ships residue according to the ASP's SOP and Army procedures.

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6 0
2 years ago
The following is the sales budget for Coore, Inc., for the first quarter of 2019: JanuaryFebruaryMarch Sales budget$135,000$152,
ivann1987 [24]

Answer: See explanation

Explanation:

a. . Compute the sales for November.

This will be:

= ($96,000 - $78,800) / 10%

= $17200 / 10%

= $17200/0.1

= $172,000

b. Compute the sales for December.

This will be:

= $78800 / (10% + 30%)

= $78800 / 40%

= $78800 / 0.4

= $197000

c. Compute the cash collections from sales for each month from January through March.

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= ($172000 × 10%) + ($197000 × 30%) + ($135000 × 60%)

= $17200 + $59100 + $81000

= $157300

February cash collection:

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= $19700 + $40500 + $91200

= $151400

March cash collection:

= ($135000 × 10%) + ($152000 × 30%) + ($167000 × 60%)

= $13500 + $45600 + $100200

= $159300

8 0
3 years ago
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