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pav-90 [236]
3 years ago
6

These are selected account balances on December 31, 2017. Land $150000 Land (held for future use) 225000 Buildings 1200000 Inven

tory 300000 Equipment 675000 Furniture 150000 Accumulated Depreciation 450000 What is the total amount of property, plant, and equipment that will appear on the balance sheet? $1725000 $2250000 $1950000 $2700000
Business
1 answer:
katen-ka-za [31]3 years ago
4 0

Answer:

Option (A) is correct.

Explanation:

Given that,

Land = $150,000

Land (held for future use) = $225,000

Buildings = $1,200,000

Inventory = $300,000

Equipment = $675,000

Furniture = $150,000

Accumulated Depreciation = $450,000

Total amount of property, plant, and equipment:

= Land (location of the office building) + Office Building + Equipment + Office Furniture - Accumulated Depreciation

= $150,000 + $1,200,000 + $675,000 + $150,000 - $450,000

= $1,725,000

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An asset was purchased for $126,000 on January 1, Year 1, and originally estimated to have a useful life of 8 years with a resid
katrin [286]

Answer:

The correct answer is $23,663

Explanation:

Spreadsheet is attached with the calculus.  

Depreciation expense is the difference between the cost of the asset and the residual value, divided by the useful life of the asset.

Depreciation expense=(original cost-residual cost) /useful life

In this case,  conditions change at third year.  First, we must calculate the depreciation expense with the first situation. The first 2 years , we are going to decrease the asset value  with this depreciation expense.

Situation 1  Depreciation expense 14375

At third year ,  we must recalculate the depreciation expense.  The final value of second years is the  new "original value".

Situation 2

Original Value  97250

Residual Value  2600

Useful life  4

Depreciation expense= (97250 - 2600 )/4

Depreciation expense= 23,663

Download xlsx
4 0
3 years ago
Rhett made his annual gambling trip to uwin casino. on this trip rhett won $250 at the slots and $1,200 at poker. also this year
SIZIF [17.4K]

Answer:

Gross income=(1450-700)=$750

Explanation:

Gross income is the total earning before any taxes or deductions

In this case;

Gross income=Winnings-Losses

where;

Winnings=Slots+poker=(250+1200)=$1450

Losses=racetrack=$700

Replacing;

Gross income=(1450-700)=$750

5 0
3 years ago
Milton Industries expects free cash flow of $5 million each year. Milton's corporate tax rate is 35%, and its unlevered cost of
bija089 [108]

Answer:

1. $33.33 million

2. $40.00 million

Explanation:

The computation of the value of Milton Industries with leverage is shown below:-

Value of Milton Industries without leverage is

= Free cash flow ÷ unlevered cost of capital

= $5 million ÷ 0.15

= $33.33 million

Value of Milton Industries with leverage is

= Value of Milton Industries without leverage + Tax × Debt

= $33.33 million + 0.35 × $19.05 million

= $40.00 million

Therefore we have applied the above formula.

4 0
3 years ago
​Analysts who follow Howe Industries recently noted that, relative to the previous year, the company's net cash provided from op
tamaranim1 [39]

Answer:

Option B ​The company made large investments in fixed assets.

Explanation:

The reason is that the reaminder of the options talk about the increase of the cash not a decrease in cash amount. If the company cuts dividend then it is retaining cash, if the company is raising finance then it is increasing cash or if the company is selling its division or assets then it is raising cash.

These things constitutes to increase in cash flow.

The decrease is cash occurs when the company invests (cash outflow). So the company is making cash outflows which means cash level will decrease.

4 0
3 years ago
The VP of Customer Experience at an international hotel chain is constantly looking for ways to improve customer service, whethe
mojhsa [17]

Answer:

The correct answer is Points of interaction.

Explanation:

The term touchpoint refers to all the points of contact between the client and a brand “that imply an interaction with a human need, at a specific time and place” (Risdon, 2013).

If there is an interaction then there is also an exchange of value between the individual and the organization. And professionals in Customer Experience have to understand what kind of value flows. We must ensure that the perceived value is greater than the cost.

On the other hand, the fact that an interaction occurs before a specific human need tells us that we must know what drives it. The need is what marks the nature of the interaction. In other words, the design of an experience changes radically depending on the needs involved.

8 0
3 years ago
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