The economic principle that helps ensure that scarce resources are allocated efficiently is

Equipment costing $130,000 is expected to have a residual value of $10,000 at the end of its six-year useful life. The equipment

Natalija [7]

Answer:

a. Straight-Line method:

Year depreciation = (Cost - Residual value) / useful life

= (130,000 - 10,000) / 6

= $20,000

2019 = $20,000 2020 = $20,000

b. Double declining.

= Twice the rate of straight-line.

= 1 / 6 * 2

= 33%

2019 2020

= 130,000 * 33% = (130,000 - 42,900) * 33%

= $42,900 = $28,743

c. Units of Production:

Rate per unit = (Cost - residual) / Number of units in lifetime

= (130,000 - 10,000) / 1,000,000

= $0.12 per unit

2019 2020

= 180,000 * 0.12 = 140,000 * 0.12

= $21,600 = $16,800

6 0

3 years ago

During the current period, Department A finished and transferred 50,000 units to Department B. Of the 50,000 units, 20,000 were

antoniya [11.8K]

Answer:

A. $1,615

Explanation:

Provided information,

Total transferred units = 50,000

Opening units = 20,000 which were 1/5 th complete

Equivalent units = 4,000

That means on the remaining 20,000 - 4,000 = 16,000 units full overheads were applied.

30,000 units were started and completed during the month, for which entire overheads will be added.

Newly started = 10,000 units 3/5th complete = 6,000 units completed in closing inventory.

Therefore total equivalent completed units on which overheads applied = 16,000 + 30,000 + 6,000 = 52,000 units

Ending goods in inventory = 10,000 units which are 6,000 equivalent units completed

Total overheads for the month = $14,000

Overheads = $14,000/52,000 = 0.269 per unit

For 6,000 units = $1,615 .38

Therefore correct option is

A. $1,615

8 0

3 years ago

A system through which public employees are selected for government jobs through competitive examinations and systematic evaluat

DedPeter [7]

Merit employment system is a personal system under which public employees are selected for government jobs through competitive examinations and the systematic evaluation of job performance.

<h3>What is merit employment system?</h3>

The civil service, also known as the merit system, was established to ensure that hiring and retaining talented workers, as well as the selection and promotion of workers who provide public services and are paid with taxpayer money, are done so in a fair, unbiased, and competitive manner.

The concepts of the Federal Government's merit system are frequently understood as being created to guarantee fair and open hiring, competition, and employment processes devoid of political interference or other non merit elements. The deregulation of performance reviews and rewards has given agencies the power and latitude they need to manage performance well. Nevertheless, enhanced accountability is a side effect of delegating, deregulation, and simplification. The values of the merit system serve as a foundation for moral conduct and are essential to mission accomplishment.

Learn more about merit employment system here:

brainly.com/question/13873364

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7 0

2 years ago

Please explain the difference between the assistant to the regional manager and the regional manager.

DochEvi [55]

Assisant regional manager is like the next step down from regional manager,An assistant regional manager is what Dwight shrute wants to be.An assistant to the regional manger is what Dwight Shrute really is.Does that make sense?

6 0

3 years ago

In symbolic terms where Y equals real GDP, POP equals total population, and N equals the number of employed workers, Y/POP must

Simora [160]

Answer:

a. Y/N×N/POP.

Explanation:

Given that

Y = Real GDP

POP = Total population

N = Number of employed workers

By considering the above information, we have to find out the real GDP per person or real GDP per capita which equal to

Real GDP per person = (Real GDP) ÷ (Total population)

We simply divide the real GDP by the total population so that real GDP per capita could arrive.

3 0

3 years ago