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3 years ago

ABO purchased a truck at the beginning of 2018 for

Business

1 answer:

valentina_108 [34]3 years ago

3 0

Answer:

B. Debit Loss $5,000.

Explanation:

depreciation per year under straigh-line method:

$\frac{cost- salvage}{useful \: life}$

$\frac{140,000 - 20,000}{6}$

depreciation per year: 20,000

book value at 2019 year-end:

140,000 - 20,000 x 2 = 100,000

disposal value: 95,000

loss for 5,000

loss at diposal: 5,000 debit

cash 95,000 debit

accumulated depreciation 40,000 debit

truck 140,000 credit

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Corporation produces a semiconductor chip used on communications. The direct materials are added at the start of the production

iren2701 [21]

Answer:

Equivalents Units Of Production Materials= 475,000

Conversion Costs 450,000

Cost of Completed Units =$ 5138250

Cost of Units in the Ending Inventory $ 604,500

Explanation:

Direct materials costs of $ 935,750

Conversion costs of $ 4,554,000

Total Manufacturing Costs $ 5489,750

Units % of Completion EUP

D.M C.C D.M C.C

Units completed 425,000 100 100 425,000 425,000

Ending Inventory 50,000 100 50 50,000 25000

Total Units Of Production 475,000 450,000

Direct Materials= $ 935,750/ 475000= $ 1.97

Conversion Costs = $ 4,554,000/ 450,000= $ 10.12

Cost of Completed Units =$ 5138250

Direct Materials = 425,000 * 1.97= $ 837250

Conversion Costs = 425,000 *10.12= $ 4301,000

Total Cost of Manufacturing Units= $ 5138250

Cost of Units in the Ending Inventory $ 604,500

Direct Materials = 50,000 * 1.97= $ 98,500

Conversion Costs = 50,000 * 10.12= 506000

Total Costs $ 604,500

7 0

3 years ago

Which of the following statements are true about recession?

timofeeve [1]

The TRUE statements about recession are as follows:

a. After a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.

c. During a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.

<h3>What are recessions?</h3>

Recessions are significant declines in economic activities. They are felt greatly in real GDP, income, and employment.

Recessions are characterized by many business and bank failures, slow or negative growth in productive activities, and elevated unemployment.

Thus, the true statements about recessions are <u>Options A and C</u>.

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2 years ago

For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as foll

ch4aika [34]

Answer:

$5,225

Explanation:

Calculation for What should Tringali report as its deferred income tax liability as of the end of its first year of operations

Using this formula

Deferred income tax liability=Temporary difference-depreciation*Tringali's tax rate

Let plug in the formula

Deferred income tax liability= $20,900 * 25%.

Deferred income tax liability=$5,225

Therefore What Tringali should report as its deferred income tax liability as of the end of its first year of operations is $5,225

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2 years ago

James is a sales agent who is sponsored by best realty, and he is a member of the a-1 team. what must be done to ensure that jam

gavmur [86]

His broker must register the team name that complies with the new regulations with TREC before he may use it in advertising.

The term "team name" refers to a name that is employed by one or more license holders that are sponsored by or connected to the same broker but are not the broker's actual name or an assumed business name.

Team or group must be at the end of team names.
Terms in team names that suggest the club is providing brokerage services independently of the broker are prohibited.
Brokerage, corporation, and associates are a some of the forbidden words.
As long as the team name ends with the words team or group, the phrases realty or real estate are permissible in the team name.

The governmental entity in charge of overseeing real estate practices in the state of Texas is called the Texas Real Estate Commission.
The organization's main office is located in Austin at 1700 North Congress.
TREC is made up of nine people who the governor appoints with the support of the Texas Senate.

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1 year ago

At a business meeting, mr. smith is asked his opinion about a company proposal to give bonuses to workers who go above and beyon

omeli [17]

At a business meeting, mr. smith is asked his opinion about a company proposal to give bonuses to workers who go above and beyond. mr. smith will be using what form of delivery?

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