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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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Nokia’s loss of market share of U.S. cell phone business is a result of __________
Kipish [7]

Answer:

The correct answer is: conscious strategic decisions made by the company.

Explanation:

Finnish Company Nokia reported a $1,36 billion loss in sales by 2009 because of the decrease of 20% in sales worldwide during that year and 25% only in the United States the previous year. Even if the company is trying to recover nowadays, the emerging of new technology and competitors is still a struggle for the firm. Back in 2009, they were forced to give up part of their market share in order to restructure the company. This represents a well-thought strategy carried out by them if they wanted to still be in the business.

7 0
3 years ago
a manufacturing operation consists of 10 operations; 5 of them are distinct machining operations and the other 5 are distinct as
m_a_m_a [10]

14,400 production sequences are possible.

Since the first set of machining operations can be performed in any order, after selecting one, there are 4 operations left. After selecting another, there are 3 operations left.

After selecting yet another, there are 2 operations left. Finally, after selecting yet another, there is only 1 operation left. This procedure may be described by the equation below: There are 120 potential options when multiplying 5 by 4 by 3 by 2 by 1. It may also be written mathematically as 5! = 120.

Here, We have 5 × 4 x 3 x 2 x 1 = 120 potential unique options for the final five assembly processes.

So total number of combinations will be - 120 × 120

= 14,400

To learn more about Combinations from given link

brainly.com/question/13398997

#SPJ4

8 0
1 year ago
A basic concept in economics is that all resources are scarce. Allocated. Valuable. Renewable.
DIA [1.3K]

A basic concept in economics is that all resources are scarce.

<h3><u>Explanation:</u></h3>

There are wants, needs and desires that are unlimited in nature with respect to humans. Resources are very essential for the survival of human beings. The distribution of these scare resources is studied by the Economics. Free goods refer to those goods that come without any cost associated with that.

The resources that are available naturally is scarce because there are only finite quantity available for the utilisation. Some of the examples of scarce resources include raw materials, workers, etc that are very essential for the production of the scarce goods.

7 0
3 years ago
Read 2 more answers
Diaz and Associates incurred the following costs in completing a tax return for a large company. Diaz applies overhead at 50% of
attashe74 [19]

Answer:

1. Dr Services in process inventory9,900

Cr Service salaries payable9,900

Dr Services in process inventory4,950

Cr Services overhead4,950

2. Dr Cost of services provided14,850

Cr Services in process inventory14,850

Explanation:

1.Preparation of journal entries to record direct labor andthe overhead applied.

Dr Services in process inventory9,900

Cr Service salaries payable9,900

[(5 × $500) + (12 × $200) + (100 × $50) = $9,900]

Dr Services in process inventory4,950

Cr Services overhead4,950

($9,900 x 50% = $4,950)

2.Preparation of the journal entry to record the cost of services provided.

Dr Cost of services provided14,850

Cr Services in process inventory14,850

($9,900+$4,950=14,850)

[(5 × $500) + (12 × $200) + (100 × $50) = $9,900]

+($9,900 x 50% = $4,950)

8 0
2 years ago
When addictions escalate and the individual loses his or her job or drops out of school?
torisob [31]
When addictions escalate and the individual loses his or her job or drops out of school, this is a sign of a serious problem.
This means that this person has become so addicted to something that they cannot lead they normal lives anymore. Addiction has taken control over everything, and they will leave anyone behind because of it. It is a serious problem that needs to be taken care of.
7 0
3 years ago
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