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3 years ago

What problem makes public goods necessary?

1 answer:

3 0

There are several problems that make public goods necessary, but the primary one is that without access to certain public goods and services like parks and schools, poor people would have practically no chance at advancement.

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A company purchased a computer system at a cost of $25,000. The estimated useful life is 8 years, and the estimated residual val

FrozenT [24]

Answer:

$4,687.50

Explanation:

The computation of the depreciation expense of the second year using the double-declining method is shown below:

First we have to determine the depreciation rate which is given below:

= One ÷ useful life

= 1 ÷ 4

= 12.5%

Now the rate is double So, 25%

In year 1, the original cost is $25,000, so the depreciation is $6,250 after applying the 25% depreciation rate

And, in year 2, the ($25,000 - $6,250) × 25% = $4,687.50

5 0

3 years ago

The bank charged another company's check against our account. This would be included on the bank reconciliation as a(n)?

xxTIMURxx [149]

When bank charged another company's check against our account this would be included on the bank reconciliation as a addition to the balance per books.

A bank reconciliation statement summarizes banking and business activities and reconciles a company's bank accounts and its financial records. A bank reconciliation statement confirms that the payment has been processed and the cash collection has been credited to your bank account.

Withdraw an outstanding check. This will give you a reconciled bank balance. Then, use the cash balance at the end of the business to add up the interest earned and any outstanding bills. Deduct all bank charges, penalties and NSF checks.

Procedures for verifying the accuracy of both company bank statements and cash accounts. - Must be completed at the end of each month. A common cause of differences between the bank's ending balance and the cash book's ending balance.

Learn more about reconciliation at

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#SPJ4

5 0

2 years ago

Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below. Current liabilities $ 180 Income before inte

Anarel [89]

Answer:

B. 75%.

Explanation:

The formula to compute the long-term debt to equity ratio is shown below:

= (Long term debt) ÷ (total shareholder equity) × 100

= ($360 ÷ $480) × 100

= 75%

All other information which is given in the question is not consider for the computation part. Hence, ignored it

We simply divide the long term debt with the total shareholder equity to find out the ratio between them

3 0

4 years ago

(Cash management) As CFO of Portobello Scuba Diving Inc. you are asked to look into the possibility of adopting a lockbox syst

zheka24 [161]

Answer:

Check the answers below

Explanation:

The per instrument cost of the bank is $0.25. Assuming uniform cheque value, the 24 million remittances across 10000 cheque will mean per cheque value of 2400. If this amount can be invested at 8% p.a., then daily investment income will be approx = 2400 * 8% /365 = $ 0.526

Now for the company to jus about cover the cost of the cheque processing, the time should reduce by (assuming fractional time in days is possible) 0.25/0.526 = 0.48 days

Now if the interest that can be earned reduces to 4%, the average daily interest will also reduce to $0.263. At this level, the time required to cover the cost should reduce by 0.95 days

The difference is simply because the opportunity cost in terms of alternate usage of funds has decreased for the company.

8 0

3 years ago

Sunspot Beverages, Ltd., of Fiji uses the weighted-average method in its process costing system. It makes blended tropical fruit

ddd [48]

Answer:

A. Material 200,000

Conversion 170,000

B. Materials $ 1.80

Conversion $ 1.55

C. Cost of units completed and transferred out $288,000 $ 248,000 $ 536,000

D. Cost of beginning work in process inventory $50,000

Costs added to production during the period $573,500

Explanation:

A. Calculation for the Blending Department's equivalent units of production for materials and conversion in June.

Equivalent units of production:

Materials

Transferred to next department

160,000

Equivalent units in ending work in process inventory:

Materials: 40,000

(40,000 units × 100% complete )

Equivalent units of production 200,000

Conversion

Transferred to next department

160,000

Add Conversion10,000

40,000 units × 25% complete

Equivalent units of production 170,000

B. Calculation for the Blending Department's cost per equivalent unit for materials and conversion in June.

Cost per equivalent unit:

Materials Conversion

Cost of beginning work in process $25,200 $24,800

Cost added during the period 334,800 238,700

Total cost $360,000 $263,500 (a)

Equivalent units of production

200,000 170,000 (b)

Cost per equivalent unit (a) ÷ (b) $ 1.80 $ 1.55

Materials =($360,000÷200,000=$ 1.80)

Conversion=($263,500÷170,000=$ 1.55)

C. Calculation for the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for June.

Materials Conversion Total

Ending work in process inventory:

Equivalent units 40,000 10,000

Cost per equivalent unit $1.80 $1.55

Cost of ending work in process inventory $72,000 $15,500 $ 87,500

Units completed and transferred out:

Units transferred to the next department 160,00 160,000

Cost per equivalent unit $1.80 $1.55

Cost of units completed and transferred out $288,000 $ 248,000 $ 536,000

D. Preparation of a cost reconciliation report for the Blending Department for June

Cost of beginning work in process inventory $50,000

($25,200 + $24,800)

Costs added to production during the period $573,500

($334,800 + $238,700)

3 0

3 years ago