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AVprozaik [17]
3 years ago
7

During the previous year, Yvo Corp. installed a production assembly line to manufacture furniture. In the current year, Yvo purc

hased a new machine and rearranged the assembly line to install this machine. The rearrangement did not increase the estimated useful life of the assembly line, but it did result in significantly more efficient production. The following expenditures were incurred in connection with this project:Machine $75,000Labor to install machine 14,000Parts added in rearranging the assembly line toprovide future benefits 40,000Labor and overhead to rearrange the assembly line 18,000What amount of the above expenditures should be capitalized in the current year?A. $147,000B. $107,000C. $89,000D. $75,000
Business
1 answer:
Neporo4naja [7]3 years ago
4 0

Answer:

A. $147,000

Explanation:

All cost incurrend in the installation of the assembly line, and their put to use to meet the company demand will be capitalized

the machine cost

the labor to install the machine

the parts added to the assembly line

rearrange of the assembly line

All those cost were incurred to leave the assembly line ready to use, are associate with the long-term asset so it can be capitalized through it.

75,000 + 14,000 + 40,000 + 18,000 = 147,000

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Which statement shows that money is a "store of value?"
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The third one is most appropriate ! as it shows that the money can be stored and later we can use !
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3 years ago
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Assume Baldwin is producing 2,498 units of Bill next year. What would Bill's plant utilization be?
Digiron [165]

Answer: Option A

<u>Explanation:</u>

The production utilization is the use of the productive capacity of the firm. It shows the extent to which the production capacity of the firm can be used to produce the goods in the firm.

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3 years ago
For the following transaction, determine whether cash flows from operating activities will increase, decrease, or remain the sam
grandymaker [24]

In case collected cash from a customer is for services that will be performed in the next accounting period the cash flow from operating activities will increase.

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8 0
2 years ago
Flyaway Travel Company reported net income for 2021 in the amount of $90,000. During 2021, Flyaway declared and paid $2,125 in c
Jlenok [28]

Answer:

$1.85

Explanation:

Fyaway travels reported a net income of $90,000 for the year 2021

During 2021 they declared and paid a cash dividend of $2,125

They also paid $10,000 as cash dividend in common stock

Flyway has 40,000 shares outstanding

Therefore the 2021 basic earning per share can be calculated as follows

$90,000-2,125

= $87,875

40,000 shares+(10,000 shares×9/12)

40,000 shares +(10,000×0.75)

40,000+7500

= 47,500

87,875/47,500

= $1.85

Hence the basic earning per share for 2021 is $1.85

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3 years ago
While at a garage sale, jenna purchased a set of used plastic baby bottles. she noticed the symbol "7" in a triangle on the bott
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<span>I would tell Jenna that she first needs to research what the 7 on the bottom of the bottles means. This number is in reference to the specific type of plastic used in the bottles. She needs to make sure this plastic has not been deemed as dangerous for infants. Once cleared, she should thoroughly wash the bottles and use them.</span>
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