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GuDViN [60]
4 years ago
15

A company purchased new furniture at a cost of $32,000 on September 30. The furniture is estimated to have a useful life of 5 ye

ars and a salvage value of $3,800. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the furniture for the first year ended December 31?
a. $470
b. $5,590
c. $1,600
d. $1,790
e. $1,410
Business
1 answer:
erastova [34]4 years ago
7 0
D is the right answer bruvh
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Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,000, $1,300, $1,300, a
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Answer:

$4,199.29

Explanation:

Year 1 Payment value = $1,000

Year 2 Payment value = $1,300

Year 3 Payment value = $1,300

Year 4 Payment value = $1,400

Present value of Payments = [(FV year 1 / (1+r)^1)+(FV year 2 / (1+r)^2)+(FV year 3 / (1+r)^3)+(FV year 4 / (1+r)^4)

Present value of Payments = [(1000/(1+0.07)^1)+(1300/(1+0.07)^2)+(1300/(1+0.07)^3)+(1400/(1+0.07)^4)

Present value of Payments = $4,199.29

8 0
3 years ago
Quality Bike Maps has produced four map designs for the local area. A limited amount of time (in minutes) is allocated to the pr
stich3 [128]

Answer:

since 1 <= allowable increase

optimal solution won't change

hence

1500 * 1 + 1000*1 + 1000*2 + 2833.33* 3

=  13000

Note: Complete question is added in the attachment

8 0
3 years ago
Cherry Blossom Products Inc. produces and sells yoga-training products: how-to DVDs and a basic equipment set (blocks, strap, an
levacccp [35]

Answer:

Cerry Blossom Product Inc

the break-even quantity =   Fixed cost / contribution margin

contribution margin on the other hand is  sales price minus variable cost

             compoutation of contribution margin

                                               DVD             Equipment

                                                 $                        $

Price                                        11                        15

variable cost                        <u>   4   </u>                 <u>     7</u>

                                            <u>    7     </u>              <u>      8</u>

unit sold                             18,000                 4,500

sales ratio                               4                        1

weigheted average contribution margin =  ($7*4)   + ($8*1)

                                                                               4 + 1

                                                                  =    $36/5

                                                                  =  $7.2

Overall break-even quantity =   $84,000/$7.2

                                              =   11,667

Break-even unit :

DVD   =   (4  * 11,667)/ 5

         =    9,334units

Equipment sets =  ( 1 * 11,667)/5

                          =   2,333 units

Explanation:

this question is on multi- products.

The overall break-even quantity of the firm will be computed first using the weighted average contribution margin of the firm and common fixed cost.

The break-even quantity will later be divided between the two product based on their  sales ratio.

8 0
3 years ago
Sandhill Electronics reported the following information at its annual meetings:
allsm [11]

Answer:

$6,663,453

Explanation:

Cash and marketable securities = $1,235,455

Inventory = $7,134,300

Accounts Receivables = $3,454,000

Other current assets = $121,455

Total Current Assets:

= Cash and marketable securities + Inventory + Accounts Receivables + Other current assets

= $1,235,455  + $7,134,300  +  $3,454,000 + $121,455

= $11,945,210

Accounts payable = $4,159,357

Short term notes payable = $1,122,400

Total Current Liabilities:

= Accounts payable + Short term notes payable

= $4,159,357 + $1,122,400

= $5,281,757

Net Working Capital = Total Current Assets - Total Current Liabilities

                                  = $11,945,210 - $5,281,757

                                  = $6,663,453

8 0
4 years ago
A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $205 per pair and cost $164 per pair in var
konstantin123 [22]

Answer:

Results are below.

Explanation:

Giving the following information:

The jeans will sell for $205 per pair and cost $164 per pair in variable costs to make.

<u>The contribution margin per unit is calculated using the selling price per unit and the unitary variable cost:</u>

<u></u>

Unitary contribution margin= 205 - 164= $41

<u>Now, to calculate the contribution margin ratio, we need to use the following formula:</u>

contribution margin ratio= contribution margin/selling price

contribution margin ratio= 41/205

contribution margin ratio= 0.2

3 0
3 years ago
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