What is IKEA trying to achieve in the Global Market?

A machine is purchased on January 1, 2018, for $102,000. It is expected to have a useful life of eight years and a residual valu

allochka39001 [22]

Answer:

Depreciation expense 2019= $17,062.5

Explanation:

Giving the following information:

Purchase price= 102,000

Useful life= 8

Salvage value= 11,000

To calculate the depreciation expense under the double-declining balance, we need to use the following formula:

Annual depreciation= 2*[(book value)/estimated life (years)]

2018= 2*[(102,000 - 11,000)/8]= $22,750

2019= 2*[(91,000 - 22,750)/8]= $17,062.5

4 0

3 years ago

Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil and lube service at this

shtirl [24]

Answer: 19.93 minutes

Explanation:

This is the complete question

Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil and lube service at this garage is 15 minutes per car and the standard deviation is 2.4 minutes. The management wants to promote the business by guaranteeing a maximum waiting time for its customers. If a customer's car is not serviced within that period, the customer will receive a 50% discount on the charges. The company wants to limit this discount to at most 2% of the customers. What should the maximum guaranteed waiting time be? Assume that the times taken for oil and lube service for all cars have a normal distribution

The solution is attached below

3 0

3 years ago

Complete the following sentence.

tiny-mole [99]

Answer:

Auditor

Explanation:

If an interviewer has suspicions of fraud, the interviewer may call on a fraud AUDITOR to assess the situation.

This is because a FRAUD AUDITOR is a type of auditor who based on his experience and background, works as a professional in the gathering of verifiable evidence in terms of fraud and eventually serves as an expert witness during the legal proceeding of such cases.

8 0

2 years ago

________ is the conscious designing of retail space and its various dimensions to evoke certain effects in buyers.

Ivahew [28]

Answer:

Atmospherics

Explanation:

Atmospheric in retail space are referred to the tools used by the retailer to lure customer for visiting the store, these luring factors are very different from their rivals and keep them apart from others. These factors could be color, music, lighting, smell, design, etc which attract customers to enter the store for shopping, later customer ends up shopping as they like the atmosphere of the shop.

5 0

3 years ago

Kennedy Company reports the following costs and expenses in May.

mamaluj [8]

Answer:

a. $161,350

b. $398,050

c. $81,140

Explanation:

Total amount of manufacturing overhead

Factory utilities $16,500

Depreciation on factory equipment $12,650

Indirect factory labor $48,900

Indirect materials $70,800

Factory manager's salary $8,000

Property taxes on factory building $2,500

Factory repairs $2,000

Total $161,350

Note : Manufacturing Overheads are Indirect Manufacturing Costs that can not be easily traced to the Product being manufactured.

The total amount of product costs

Direct materials used $157,600

Direct labor $79,100

Manufacturing Overhead $161,350

Total $398,050

Note : Product Costs are Direct Manufacturing Costs that can be easily traced to the Product being manufactured.

The total amount of period costs

Depreciation on delivery trucks $3,800

Sales salaries $48,400

Repairs to office equipment $1,300

Advertising $23,000

Office supplies used $4,640

Total $81,140

Note : All Non Manufacturing Costs are Period Cost. Period Costs are expensed in the Income Statement.

4 0

2 years ago