Answer:
D) $0
Explanation:
The depreciation method changed, but the previous depreciation expense has already been recorded and subject to taxes. Therefore the new straight line depreciation should start with the remaining asset value and calculate the depreciation expense for the remaining 6 years:
For example, if the purchase value was $1,200,000 (= $300,000 x 4), the remaining value would be $675,000 then the depreciation expense will be $112,500 per year during the next 6 years starting on year 9.
Answer:
The cost of units completed this period is $ 350,000
Explanation:
<u><em>Units Out of the Process Were:</em></u>
Finished Goods = 50,000
Ending Work In Progress = 2500
<u>1.) Finished Goods Equivalent Units</u>
Materials : Finished Goods are 100% complete in terms of materials hence 50000 equivalent units
Conversion : Finished Goods are 100% complete in terms of conversion costs hence 50000 equivalent units
<u> 2.) Cost of units completed Units</u>
Materials : 50000 × 5.75 =287500
Conversion : 50000×1.25 =62500
Total = 287500 + 62500 = $ 350,000
<em>*Note Ending Inventory is not relevant for this question</em>
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Answer:
False
Explanation:
If a firm sells on terms of 2/10, net 30 days, and its DSO is 28 days, then the fact that the 28-day DSO is less than the 30-day credit period tell us that the credit department is functioning efficiently and there are no past due accounts. This is a false statement.
Macroeconomics is the branch of economics which deals with largescale or general economic factors like interest rates and national productivity. The correct answer is Macroeconomics.
<h3><u>What does Macroeconomics deal with?</u></h3>
- Macroeconomics examines the functioning, structure, and behavior of the entire economy (like people, households, industries, etc.) in contrast to microeconomics, which focuses primarily on the decisions made by individual economic actors.
- It analyzes the economy-wide phenomena such as inflation, price levels, rate of economic growth, national income, gross domestic product (GDP), and changes in unemployment. It also analyzes the causes, stimulation and driving forces of these phenomena and how the national performance can be improved.
- The two main areas of macroeconomic research are long-term economic growth and shorter-term business cycles.
Therefore, the national performance indicators like inflation, unemployment, and federal government expenditures and resource utilization are analyzed are studied under Macroeconomics.
You can learn more about Inflation using the following link: brainly.com/question/1082634
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Answer: A. maximizes the profits from money management.
Explanation:
The optimal average level of money is indeed the amount that maximises profit from money management.
Money management is essentially taking charge of your money and ensuring that you manage it in such a way as to limit unnecessary expenses whilst growing money through measures such as budgeting, investing and expenses tracking.
With Mr Peabody's income and other financial constraints, the optimal average level of money will be the most he can maximise from managing his money.
