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Misha Larkins [42]
3 years ago
6

At the end of its first year, the trial balance of Blossom Company shows Equipment $21,500 and zero balances in Accumulated Depr

eciation—Equipment and Depreciation Expense. Depreciation for the year is estimated to be $4,300. Prepare the adjusting entry for depreciation at December 31.
Business
1 answer:
faltersainse [42]3 years ago
7 0

Answer:

The adjusting entry is shown below.

Explanation:

According to the scenario, the given data are as follows:

Estimated depreciation for year = $4,300

So, the adjusting entry  for depreciation is shown below:

Adjusting Entry

Dec.31

Depreciation expense A/c Dr.     $4,300

           To Accumulated Depreciation-Equipment A/c      $4,300

(Being the Depreciation expense is recorded)

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Bridgeport Inc. wishes to accumulate $1,092,000 by December 31, 2030, to retire bonds outstanding. The company deposits $168,000
Svetlanka [38]

Answer: $9,479

Explanation:

The number of periods = 10 years * 4 quarters = 40 periods

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Out of $1,090,000, the amount remaining is;

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= $638,909.28‬

They need to deposit an annuity per quarter to get to $638,909.28‬.

Future Value of Annuity = Annuity * ([1 + I]^N - 1 )/I

638,909.28‬ = Annuity * [(1+0.025)^40 - 1] /0.025

638,909.28 = Annuity * 67.40255

Annuity = 638,909.28/67.40255

= $9,479

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To arrive at operating cash flows, you should start with _______, _______ non-cash items and then adding or subtracting changes
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An essential metric for assessing the financial performance of a company's main business operations is operating cash flow.

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The market research department of the Better Baby Buggy Co. predicts that the demand equation for its buggies is given by q = −0
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Answer:

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Explanation:

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where p is the price. To find the maximum revenue we take derivatives with respect to the price and equalize it to zero

\frac{d}{dp}TR=150-p=0

solving for p we have that p=150

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It means that consumers are now willing to purchase more of this product at each possible price. 
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The most fundamental reason for having a safety-friendly corporate culture is competition. true or false
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True, the most fundamental reason for having a safety-friendly corporate culture is competition.

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