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
liq [111]
3 years ago
5

On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years a

nd perform 200 concerts. It estimates that after four years it can sell the equipment for $2,000. During the first year, the band performs 45 concerts. Compute the first-year depreciation using the units-of-production method. g
Business
1 answer:
Tamiku [17]3 years ago
6 0

Answer:

Annual depreciation= $14,355

Explanation:

Giving the following information:

Original cost= $65,800

Number of units= 200

Salvage value= $2,000

During the first year, the band performs 45 concerts.

To calculate the annual depreciation under the units-of- production method, we need to use the following formula:

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units operated

Annual depreciation= [(65,800 - 2,000)/200]*45

Annual depreciation= $14,355

You might be interested in
Mm mjhuuuuuuuuuuuuuuuuuuuuuh
strojnjashka [21]

Answer: Mm mjuuuuuuuuuuuuuuuuuuuuuh

Explanation: Mm mjhuuuuuuuuuuuuuuuuuuuuuh

5 0
3 years ago
Read 2 more answers
Suppose that you open your own business and earn an accounting profit of​ $35,000 per year. When you started your​ business, you
Aleonysh [2.5K]

Answer:

B. minus​$2,000.

Explanation:

The computation of the economic profit is shown below:

As we know that

Economic profit = Total revenue - Explicit costs - Implicit costs

= $35,000 - $30,000 - $7,000

= -$2,000

The implicit cost is come from

= $70,000 ×10%

= $7,000

We simply applied the above formula so that the economic profit could come

7 0
3 years ago
The top management of the company asks earl to make use of a rating scale that will rate the employees' actual job behaviors. th
ki77a [65]
What the managers are asking for steve to use is a <span>behaviorally anchored rating scale or most commonly called in the acronym as BARS. The numerical range of rating of this scale is between 5 to 9 which helps describe the type of performance incurred by the employee from poor to outstanding. This is used in the appraisal process of employees.</span>
5 0
3 years ago
Department S had no work in process at the beginning of the period. It added 12,200 units of direct materials during the period
galben [10]

Answer:

Cost of completed units = $158,240

Explanation:

<em>Cost of completed units = Cost per equivalent unit × no of units</em>

<em>Equivalent unit = Degree of completion × units of work</em>

<em>Equivalent units of material</em>

( 9200× 100%)   + (3000×100%) = 12,200 unit

Cost per equivalent unit of material = $97,600/12,200 units= $8

<em>Equivalent units of labour and overhead</em>

(9200× 100%) + (3000× 25%) = 750

Cost per equivalent unit of labour and overhead

=( 73,630+17910)/9950 =$9.2

Cost of completed units

= $(9.2+8)× 9,200 = 158,240

Cost of completed units = $158,240

5 0
3 years ago
Explain the holistic marketing dimensions in details using the examples of ‘Nestle Bangladesh
Marysya12 [62]
Drinking from a fresh water bottle in dimensions
7 0
3 years ago
Other questions:
  • The Fed’s use of open market operations affects banks’
    7·2 answers
  • Suppose there are two possible outcomes if a new policy is instituted to improve air quality. There is a 30% chance it will prod
    8·1 answer
  • What tends to happen to the inflation rate if the Fed works to lower the unemployment rate? Why?
    14·1 answer
  • Alex paid $600 to Rita, his ex-wife, for child support. Under the terms of the divorce decree, Alex claims the dependency exempt
    5·1 answer
  • The Cash Over and Short account:Select one:a. Is used to record a credit balance in the cash account.b. Is an income statement a
    11·1 answer
  • Axe company sponsors a 401(k) profit sharing plan with no employer match, but the company did make noncontributory employer cont
    11·1 answer
  • What is it called when banks record which account gives up money and which account receives money when a customer writes a check
    15·1 answer
  • Why might someone decide to lease a home?
    15·1 answer
  • Sarah purchased 75 sweaters from a wholesaler for $16 each. She wants the markup percentage to be 18 percent. How much will Sara
    11·1 answer
  • before creating a social media advertising campaign, sarah embeds quantitative and qualitative metrics at the onset of her strat
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!