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
d1i1m1o1n [39]
3 years ago
11

Consider a service company that provides carpet cleaning and uses straight-line depreciation. Classify the cost of the depreciat

ion on the carpet cleaning machines. (Check all that apply.)
Business
1 answer:
madreJ [45]3 years ago
8 0

Answer: Fixed Indirect costs.

Explanation:

Depreciation cost is the amount of a fixed asset that has been charged to expense through a periodic depreciation charge. Depreciation can either be a direct cost which is one that varies in concert with changes in a related activity while

an indirect cost is one that is not directly associated with an activity.

The determination of depreciation as a direct or indirect cost depends upon what it is associated with. For example carpet cleaning is an Indirect costs because it's precise benefits to a specific project is difficult or impossible to trace Also,since depreciation is a fixed cost, because it recurs in the same amount per period throughout the useful life of an asset then cost of the depreciation on the carpet cleaning is a Fixed Indirect Cost.

You might be interested in
joan made deductible contributions to traditional retirement accounts for several years. in 2018 she decided to withdraw $10,000
lukranit [14]

Answer:

Joan will pay income tax on the $10,000 she withdrew in 2018.

Explanation:

When withdrawing from traditional retirement account, the following rules apply:

1. Withdrawals before attaining the age of 59.5 years attract a penalty of 10%, along with income tax on the amount withdrawn.

2. Withdrawals after the age of 59.5 years are treated as income, so income tax is paid on it. In this case tax on the $10,000 withdrawn.

3. At age 70.5 and above you must take the Required Minimum Distribution (RMD) from the pension account.

Note: Roth IRA does not attract tax payments for ages 59.5 years and above, unlike traditional IRA that attracts income tax.

RMD payments does not apply for Roth IRA.

4 0
3 years ago
The common stock of the C.A.L.L. Corporation has been trading in a narrow range around $125 per share for months, and you believ
Bezzdna [24]

Answer:

The price of a 6-month call option on C.A.L.L. stock is $13.52

Explanation:

According to the given data we have the following:

P = Price of 6-months put option=$10.50.

So = Current price=$125

X = Exrecise price=$125

r = Risk free interest rate= 5%

T = Time 6 months = 1/2

In order to calculate the price of a 6-month call option on C.A.L.L. stock at an exercise price of $125 if it is at the money, we would have to use the formula of put-call parity as follows:

C=P+So- (<u>   X   )</u>

              ( 1+r)∧T

C=$10.50+$125-(<u>$125   )</u>

                            (1+0.05)∧1/2

C=$135.5-121.98

C=$13.52

The price of a 6-month call option on C.A.L.L. stock is $13.52

3 0
3 years ago
You are employing two dish washers at $12 per hour with each working 10 hours per week.You learn about a new automatic dishwashi
Arisa [49]
120 per week, per dish washer
240 per week for employed dishwashers
3,000/240
12.5 weeks
4 0
3 years ago
Read 2 more answers
PLS HELP 100 POINTS PLS HELP ME
AleksandrR [38]

Answer:

If i was shana i would save up her money for collage because first her tution into the school and if she dont like there then she screwed 2nd if she dont save her money then she don get a car an go see er fams

Explanation:

8 0
3 years ago
You have been engaged to review the financial statements of Sage Corporation. In the course of your examination, you conclude th
Triss [41]

Answer and Explanation:

The Journal entry is shown below:-

1. Salaries & Wages Expenses Dr, $3,540

         To Salaries & Wages Payable $3,540

(Being salaries and expenses is recorded)

2. Salaries & Wages Expenses Dr, $28,800

         To Salaries & Wages Payable $28,800

(Being salaries and expenses is recorded)

3. Prepaid Insurance Dr, $2,250

        To Insurance Expense $2,250

($2,700 × 10 months ÷ 12)

(Being prepaid insurance is recorded)

4. Sales Revenue Dr, $109,080

($1,927,080 × 6 ÷ (100 + 6))

         To Sales Tax Payable $109,080

(Being Sales revenue is recorded)

5. Sales Tax Payable Dr, $93,780

          To Sales Tax Expense $93,780

(Being sales tax expenses is recorded)

5 0
3 years ago
Other questions:
  • Carol was preparing for the next employee appraisal at her company. She already had her work accomplishments documented and read
    6·2 answers
  • 1. When there is automation, product diversity, and little correlation between overhead cost and direct labor, a plantwide overh
    10·1 answer
  • Pendergast, Inc., has no debt outstanding, and has a total market value of $180,000. Earnings before interest and taxes (EBIT) a
    5·1 answer
  • In the process of benchmarking for a variable expense (such as payroll) the typical metrics used are "Total Dollars" and "Dollar
    14·1 answer
  • How much was nasa paid to launch west germany's spas-01 satellite in 1983?
    11·1 answer
  • What uses a systematic approach in an attempt to improve business effectiveness and efficiency continuously? static process dyna
    7·1 answer
  • Major limitations of the balance sheet include all of the following except: it necessarily omits many items that are of financia
    13·1 answer
  • Mixed drink containing two shots of 80 proof liquor should be counted as more than one standard drink true or false
    7·1 answer
  • Ryan buys a helmet for $20 and a bike that is on sale for $25 off. At the register, the cashier takes an additional 10% off the
    5·2 answers
  • What was the significance of NAFTA?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!