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3 years ago

14

On January 1, 2015, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a sal

vage value of) $1,000 at the end of its useful life in five years. The company uses straight-line depreciation. It has not recorded any adjustments relating to this equipment during 2015. Complete the necessary adjusting entry by selecting the account names and dollar amounts from the drop-down menus

1 answer:

anzhelika [568]3 years ago

5 0

Answer:

1

Dr Fixed asset equipment_________$10000

Cr Cash_______________________________$10000

purchased equipment

2

Dr Depreciation expense____________$1800

Cr Acummulate Depreciation_______________$1800

Anual depreciation

Explanation:

1

Dr Fixed asset equipment_________$10000

Cr Cash_______________________________$10000

purchased equipment

2

Dr Depreciation expense____________$1800

Cr Acummulate Depreciation_______________$1800

Anual depreciation

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Company A entered the production of office software before its competitors. Because of this, the company's products are more fam

Vera_Pavlovna [14]

Answer:

First Mover Strategy.

Explanation:

First Mover strategy is referred to denote such a company's strategy, which is the first one to enter the market before any of its competitors. This gives an advantage to the company, as such companies are identified easily by its customers. Therefore, the answer is 'First mover strategy.'

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3 years ago

. If you still donate the $100,000 from Problem 16 today, but ask the college to delay the scholarship payment so that the first

motikmotik

Answer:

The annual scholarship payment = $5,693.25

Explanation:

Data Given:

In this question, we are required to calculate the future value up till 9th year and then

Donating Amount = $100,000

Time period = 9 years

Note: Here in this question, interest rate is not given without which this question is incomplete. However, I have found similar question on the internet and will be using its interest rate to solve this question for the sake of understanding and concept.

So, the interest we use will be = 4%

Formula for the future value:

FV = Present Value $(1 + r)^{n}$

Present value = $100,000

n = 9 years

r = 4% = 0.04

FV = 100,000 $(1 + 0.04)^{9}$

FV = 100,000 x 1.4233118

FV = Future Value = $142,331.18

The annual scholarship payment = FV * r

The annual scholarship payment = 142,331.18 * 0.04

The annual scholarship payment = 5,693.247

The annual scholarship payment = $5,693.25

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3 years ago

Greg, a project manager in your company, is falling behind on the project schedule. He has elected to crash the project. What is

Vinil7 [7]

Answer:

c) Adding additional project resources to the project

Explanation:

Falling behind schedule is something that needs to be avoided or dealt with promptly and systematically

Crashing is the technique to use when fast tracking has not saved enough time on the project schedule. You use crashing to save resources to the project for the least cost possible. Anyhow, crashing is expensive because more resources are added to the project.

References:

Dave. “A Step-by-Step Process of Dealing with a Project That Is Falling behind Schedule.” MyClientSpot Blog, 10 Sept. 2015

Monnappa, Avantika. “Project Management Learning Series: Fast Tracking Versus Crashing.” Simplilearn.com, Simplilearn, 27 Sept. 2019,

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3 years ago

Sold merchandise on credit to Rondo Distributors, for $1,200, terms n/30. The cost of the merchandise was $720. 8 Purchased merc

Iteru [2.4K]

Answer:

See the explanation.

Explanation:

Account receivable Rondo Distributors debit $1,200

Sales revenue credit $1,200

Note: To record the merchandise sales on account. As the company used the periodic inventory system, we do not need to give the cost of goods sold journals.

Purchase debit 10,000

Accounts payable credit 10,000

Note: To record the purchase on account.

Delivery expense debit $525

Cash credit $525

Note: To record the payment of the delivery expense.

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4 years ago

The budgeted variable selling and administrative expense is calculated by multiplying the budgeted unit sales by the variable se

postnew [5]

Answer: True

Explanation:

Variable selling and administrative expenses increase with the number of sales so in order to get them, one needs to multiply the number of sales by the variable and administrative expenses.

This also goes for the budgeted variable selling expenses. To find out these costs, multiply the expected variable and admin expenses by the budgeted number of sales. The amount you get will show the amount of variable expenses to budget based on the sales you budgeted.

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3 years ago