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OLEGan [10]
3 years ago
5

Depreciation represents the loss in a fixed asset's value due to aging. __________ appears on the income statement and represent

s the reduction in fixed assets' values over the previous accounting period.________ appears on the balance sheet and represents the cumulative value reduction in the firm's present fixed asset holdings since their acquisition.
Business
1 answer:
Amanda [17]3 years ago
4 0

Answer:

The correct words for the blank spaces are: Depreciation expense; Accumulated depreciation.

Explanation:

Depreciation expense and Accumulated expense are typically confused but they are different since the first is reported in the Income Statement while the latter appears on the Balance Sheet as the contra asset.<em> Depreciation expense</em> represents the part of the company's fixed assets that are being used up for production and is compared with the previous period depreciation expense.

<em>Accumulated depreciation</em> is the aggregate depreciation of an asset from all prior periods. Accumulated depreciation is subtracted from the assets' historical cost value which records the value of the assets since they were purchased.

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Jefferson Co. uses the following standard to produce a single unit of its product: Variable overhead $6 (2 hrs. per unit @ $3/hr
tankabanditka [31]

Answer:

B. 6,000U

Explanation:

The total variable overhead variance shall be calculated using the following formula:

Variable overhead variance=(Actual units produced*Standard hours per unit* Standard rate per hour) - (Actual variable production overhead cost of actual production)

Standard rate per hour=$3

Standard hours per unit=2

Actual units produced=24,000

Actual variable production overhead cost of actual production=$150,000

Variable overhead variance=(24,000*2*3-150,000)

                                              =(144,000-150,000)

                                              =$6,000U

So the answer is B. 6,000U

7 0
3 years ago
K. Johnson, Inc.'s managers want to evaluate the firm's prior-year performance in terms of its contribution to shareholder value
jolli1 [7]

Answer:

-3 million dollars

Explanation:

we have EVA = economic value added

to ge the EVA, we use this formula :

(operating return on the assets - cost of the total capital) multiplied by the total assets

total assets = 100 million

operating return = 12 percent

cost of capital = 15 percent

the EVA = 12% - 15% * 100000000

= -0.03 * 100000000

= -3,000,000 dollars

b. The loss of the value of the shareholder is happening even though the firm is earning ROI that is more than the average firm in the industry.

3 0
2 years ago
Legislation defining the mission of the Federal Reserve​ states: "The Board of Governors of the Federal Reserve System and the F
jeka57 [31]

Answer:

dual mandate.

Explanation:

dual mandate -

It is the practice in which the elected officials serves in more than one elected or public position .

In Britain , this term is also referred to as double jobbing .

In some cases , the dual mandate is prohibited by the law , as in the case of the federal states , because the federal office holders are not allowed to hold state office .

Hence  from the question information , the correct option is dual mandate .

5 0
3 years ago
You present strong arguments to college students to support your claim that tuition and fees at state colleges are too high. you
liq [111]

The answer to the question is because the effort to visit the legislators are too great.

Unfortunately, even though the audience members support your perspective, often times, people are reluctant to follow through on the actions needed to make the change. This is a common issue found in various parts of society – from your work life to your personal relationships.

4 0
3 years ago
A ________ is a gathering of 6 to 10 people who are carefully selected based on certain demographic, psychographic, or other con
kipiarov [429]

Answer: it is a focus group

Explanation: because it is more than one person and more than two

5 0
2 years ago
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