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Nataliya [291]
4 years ago
9

Asset C3PO has a depreciable base of $16.5 million and a service life of 10 years. What would the accumulated depreciation be at

the end of year five under the sum-of-the-years'-digits method?
Business
1 answer:
Mariulka [41]4 years ago
8 0

Answer:

Accumulated depreciation at the end of year 5 is $12 million

Explanation:

The relevant number of years with which to depreciate the asset is from 1 to 10, however these numbers are taking in descending in order to have more depreciation in early years and less in later years.

Years              relevant weighting number

1                               10

2                               9

3                               8

4                                7

5                                 6

6                                 5

7                                 4

8                                 3

9                                  2

10                                 <u> 1</u>

Total weighting           55

The accumulated depreciation at the end of year 5 would depreciation from  year 1 to year 5 calculated as shown below:

(10+9+8+7+6)/55*$16.5 million=$12 million

In other words, at the end of year $12 million would have been charged as expense to income statement.

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Saphire Company budgeted the following production in units for the second quarter of the year:
Ugo [173]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales:

April 45,000

May 38,000

June 42,000

Each unit requires one pound of raw material. Saphire's policy is to have 30% of the following month's production needs for materials in inventory.

A) Budgeted production= sales + desired ending inventory - beginning inventory

Budgeted production:

Sales=38,000

Ending inventory= 42,000*0.3= 12,600

Beginning inventory= 38,000*0.3= (11,400)

Total= 39,200

B) Desired beginning inventory= budgeted sales*30%

Beginning inventory= 42,000*0.3= 12,600

6 0
4 years ago
In the formula Y = a + bX, X represents the estimated Blank______. Multiple choice question. total amount of the allocation base
irina1246 [14]

In the formula Y = a + b X, X represents the estimated total amount of the allocation base.

What is total amount of allocation base?

Cost accounting assigns overhead expenses using an allocation base. A quantity, such as the number of machine hours utilized, kWh consumed, or occupied square footage, might serve as an allocation base.

What are overhead expenses?

Rent, insurance, and utility charges are examples of overhead expenditures that go into running a business. Operating costs are necessary for the firm to function and cannot be avoided. Regular reviews of overhead costs are necessary to improve profitability.

What is cost accounting?

Assigning costs to cost items, which often comprise a corporation's goods, services, and other activities involving the company, is the process of cost accounting. Cost accounting is beneficial since it can show a company where its money is going, how much it makes, and where it is losing money.

Learn more about cost accounting: brainly.com/question/14758675

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3 0
2 years ago
The primary purpose of __________ is to preserve memories of persons or events.
kupik [55]
<span>monuments is the right answer </span>
3 0
4 years ago
If fixed costs are $240,000, the unit selling price is $36, and the unit variable costs are $20, what is the break-even sales (u
Nina [5.8K]

The break-even sales (units) is 15000;

240000/(36-20)

At this moment, fixed and variable costs will be completely covered by sales revenue (income).

Be = FC/(SP - VC) FC = fixed costs SP = sale price VC = variable costs

More about break-even sales:

The revenue level at which a company makes no profit is known as break even sales. This sales quantity completely offsets all of the variable costs related to the sales as well as the underlying fixed costs of a business.

Knowing the break even sales level gives managers a benchmark for the minimal volume of sales that must be produced throughout each reporting period to prevent losses.

For instance, the break even level can be used to reduce fixed expenses to meet the anticipated level of future sales if a business slump is anticipated.

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6 0
2 years ago
Select an organization and identify and evaluate the components of its Strategic Plan (i.e., Vision, Mission, Values, Core Compe
kicyunya [14]

Answer:

Nestle with a tag line of "Good Food, Good Life" its vision is to enhance quality of life and contribution to a healthier future for all individuals, this vision conveys the plan and results clearly. Nestle is achieving the results by providing good quality food to its consumers.

Explanation:

Nestle with a tag line of "Good Food, Good Life" its vision is to enhance quality of life and contribution to a healthier future for all individuals, this vision conveys the plan and results clearly. Nestle is achieving the results by providing good quality food to its consumers.

Mission statement clearly explains that Nestle exist to provide healthier living for individuals. The vision describes the present and future of the betterment of the health of individuals, the vision is clear concise and memorable.

Environment is going towards better health standards people want a healthier and better quality of life which is connected to Nestle's vision and mission.

The goals of Nestle is set in line with the original mission and vision of the organization .

Nestle is helping with fighting hunger, in the situation of global pandemic Nestle fed more than 8 million people. I think this was a great initiative and this can be further more expanded by regularly feeding those in need and not just during the pandemic.

4 0
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