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Shalnov [3]
2 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]2 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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Fred is a new employee who has been assigned to your team. This is the first time Fred has worked in your country. Aware that he
kotykmax [81]

Answer:

4.Teach Fred about how decisions are made and communicated, as well as how conflict is handled.

Explanation:

Cultural differences are an important topic when it comes to adjusting to a new workplace. However, no matter how much the new employee knows about a specific culture, it is up to the manager or team leader to help him adjust.

The most effective way to help him is by teaching him <em>how decisions are made and conflict is handled</em>, in a straightforward manner. Since Fred is working in a team and not individually, it is essential for him to learn the basics of conflict management, as conflict handling varies immensely from country to country.

The same is applicable for decision making. He could not know the decision making practice in his new environment upfront. Some environments may encourage a more liberal way of making decisions, while some propose a strict protocol when it comes to making even the most trivial decisions.

Of course, checking him periodically and making sure he knows you're there for him are practices that can do only good. However, they are not critical for the issue.

4 0
3 years ago
Claxton Company purchased a van on January​ 1, 2018, for​ $820,000. The estimated life of the van was five​ years, and its estim
vaieri [72.5K]

Answer:

The depreciation expense for 2020 is $215,100

Explanation:

Given

Claxton Company purchased a van on January​ 1, 2018, for​ $820,000.

Useful life = 5 years

Residual value = $103,000

Annual depreciation = ($820,000- $103,000)/5

                                 = $717,000/5

                                = $143,400

At the beginning of​ 2020, the asset would have been depreciated for 2 years (2018 and 2019)

Net book value = $820,000 - 2($143,400)

                          = $533,200

Since the residual value remains the same after a revision of the estimated useful life from 5 years to 4 years

The asset would only have 2 years left for depreciation.

Annual depreciation = ($533,200 - $103,000)/2

                                  = $430,200/2

                                  = $215,100

         

5 0
3 years ago
Caliana manages the warehouse for United Processors Inc. At the beginning of each year, she determines the department goals for
defon

Answer: (2) Planning

Explanation:

 The planning is one of the type of management function that helps in managing the function of an organization for achieving the desirable goals in an organization.

The main objective of the planning is that it helps in altering the pattern of the resources and also maintain the plans for achieving the desired results.

According to the given question, Caliana is managing the warehouse for the united processors Inc. and she performing the planning management function for fulfill the desirable goals.

  Therefore, Option (2) is correct answer.

8 0
3 years ago
Why would the US government sell government securities to private individuals and organizations?
shusha [124]
D to increase the money supply and lower the inflation rate
4 0
3 years ago
1.) Ocean City Kite Company manufactures &amp; sells kites for $6.50 each. The variable cost per kite is $3.50 with the current
Brut [27]

Answer:

$270,000

Explanation:

Contribution per kite = $6.50 - $3.50 = $3.00

Break even point = 90,000 kites

Since;

Break even point = Fixed cost / Contribution per kite.

We have:

90,000 = Fixed cost / $3.00

Fixed cost = 90,000 * $3.00 = $270,000

Therefore, Ocean City Kite Company's fixed costs is $270,000.

5 0
3 years ago
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