Answer:
Using the straight-line method, depreciation expense for the second year would be: $29,600
Explanation:
Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life
Wickland Company
Cost of machine $154,000
Residual value of $6,000
Useful Life = 5 years
Formula
Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life
Working:
Depreciation Straight Line Method= $154,000 -$6,000/5
Depreciation Straight Line Method= 148,000 /5
Depreciation Straight Line Method=$ 29,600
Using the straight-line method, depreciation expense for the second year would be: $29,600
The straight line depreciation method assigns equal depreciation to the machinery. So the depreciation for the five years would be the same amounting to $ 29,600 every year.
Answer:
D. It measures a firm's ability to pay its long-term debts as they mature
Explanation:
The current ratio is a ratio of current assets and the current liability which is required to judge the liquidity of the short term.
Current ratio = (Total Current assets) ÷ (total current liabilities)
It is always expressed in times
The current assets equal to
= Cash balance + Short-term investments + Accounts and notes receivable + Inventories + Prepaid expenses, etc
And, the current liabilities
= Short-term obligations + Accounts payable
Answer:
Dexter Inc.
The statement that best supports Brooke's perspective is:
Examples of cooperation between labor and management include employee involvement in decision making and self-managing teams.
Explanation:
When labor and management act as rivals or adversaries, it does not benefit their organizations. They should find common grounds for cooperation. Organizations should involve their employees in more decision-making. Despite their incongruent goals, unions and management should find win-win solutions. Paying employees a living wage does not impoverish the organization. On the contrary, everybody is greatly enriched.
Answer:
A) 500,000 units
Explanation:
Calculation to determine what the number of units it would have to manufacture during the year would be:
Using this formula
Units produced= Finished goods Ending inventory+Units sold-Finished goods Beginning inventory
Let plug in the formula
Units produced = 60,000 + 510,000 − 70,000
Units produced = 500,000 units
Therefore the number of units it would have to manufacture during the year would be:500,000 units
