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Korvikt [17]
3 years ago
5

TOPIC FIVE (TEST - Vocabulary)

Business
1 answer:
kaheart [24]3 years ago
7 0

Answer:

1 sole trading concern

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Given the data below for production equipment,Initial Cost, P = $50,000 Salvage Value at the end of 5 years, S = $10,000. Deprec
Taya2010 [7]

Answer:

1. B. $8,000

2. C. $7,200

Explanation:

Units or production (UOP) method of depreciation bases the depreciation expense of a machine or equipment on how much it is actually used during the period.

depreciable value = $50,000 - $10,000 = $40,000

depreciation rate per unit = $40,000 / 25,000 = $1.60

Year          Projected Production units         Actual Production units

1                              4,500                                    5,000

2                             5,000                                    4,000

3                             3,500                                    3,000

4                             5,500                                    5,000

5                             6,500                                    Not known

Total                      25,000

depreciation expense year 4 = $1.60 x 5,000 = $8,000

accumulated depreciation year 4 = $1.60 x 17,000 = $27,200

book value = $50,000 - $27,200 = $22,800

if sold at $30,000, gain resulting from sale = $30,000 - $22,800 = $7,200

7 0
2 years ago
A disadvantage of the corporate form of business entity is
lapo4ka [179]

Answer:

A disadvantage of the corporate form of business entity is corporations are subject to more governmental regulations.

3 0
3 years ago
Do you know what human rights are?​
sattari [20]

Answer:

Explanation Human rights are the basic rights and freedoms that belong to every person in the world, from birth until death. ... These basic rights are based on shared values like dignity, fairness, equality, respect and independence. These values are defined and protected by law

4 0
2 years ago
Read 2 more answers
From the perspective of the consumer, the factory system meant ________. Group of answer choices cheaper manufactured goods fewe
weeeeeb [17]

Answer: Cheaper manufactured goods.

Explanation:

The factory system is a method of mass production of goods in an industrial way, which uses the line assembly system to manufacture multiple products at a lower cost, and in the least amount of time.

With this production system, the industrial era began in Great Britain, and today is the most widely used method of producing merchandise worldwide due to the low costs involved in the production.

<em>I hope this information can help you.</em>

4 0
3 years ago
Job HE-65 at Wilson Manufacturing Inc. required $300 of direct materials and 15 direct labor hours at $10 per hour. The company’
Oxana [17]

Answer:

Job HE-65  total cost 900 dollars

Explanation:

predeterminated overhead rate:

expected cost / expected driver

900,000 / 30,000 = $30

Each labor hour generates $30 dollars of overhead according to our expectation

Now we solve for the cost of job HE-65

materials 300

labor 15 hours x $10 = 150

and overhead 15 hours x $30 each = 450

total cost 300 + 150 + 450 0 900

3 0
3 years ago
Read 2 more answers
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