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andriy [413]
3 years ago
6

On January 2, Haskins Company purchases a laser cutting machine for use in fabrication of a part for one of its key products. Th

e machine cost $80,000, and its estimated useful life is five years, after which the expected salvage value is $5,000. For both parts (a) and (b) below: (1) Compute depreciation expense for each year of the machine's five-year useful life under that depreciation method. (2) Use the financial statements effects template to show the effect of depreciation for the first year only for that method. (a) Straight-line
Business
1 answer:
MakcuM [25]3 years ago
3 0

Answer:

Explanation:

Cost of machine - $80000

Useful life - 5 years

Salvage value -$5000

Depreciable amount = 80000-5000= 75000

Annual depreciation = 75000/5 = 15000

Year                    DR                       Accum Dep

Cost                                                                                   8000                  

1                Depreciation 15000       15000  

2               Depreciation  15000      30000

Year 3      Depreciation  15000      45000

Year 4      Depreciation   15000      60000

Year 5      Depreciation   15000      75000

Financial statement template

Balanced sheet

Cash asset + Non cash asset = liabilities + Equity

Cash asset + 65000  = liabilities + equity

Income statement

Revenue - expenses = Net income

Revenue - 15000 - Net Income

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WexAll Industries has seen demand for its RB37 start to slow down. In addition, the number of other companies producing a simila
White raven [17]

Answer:

The RB37 is most likely in the decline stage of the product life cycle

Explanation:

The decline stage of the product life cycle is associated with decreasing revenue due to market saturation, high competition, and changing customer needs. Companies at this stage have several options: They can choose to discontinue the product, sell the manufacturing rights to another business that can better compete or maintain the product by adding new features, finding new uses for the product, or tap into new markets through exporting. This is the stage where packaging will often announce “new and improved.”

7 0
3 years ago
You are torn between two saving accounts where to put your $1,500 in scholarship money for a year until you need it for next yea
mrs_skeptik [129]

Answer:

I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan

Explanation:

The two options can be expressed as shown;

Option 1: Bank Wan

A=P(1+r/n)^nt

where;

A=Total amount after a given time

P=Initial deposit

r-Annual interest rate

n=number of times the interest is compounded annually

t=number of years of the investment

In our case;

P=$1,500

r=2.5%=2.5/100=0.025

n=365 days

t=1 year

Replacing;

A=1,500(1+0.025/365)^(365×1)

A=1,500(1.02530

A=1,537.97

Total amount after a year=$1,537.97 for Bank Wan

Option 2: C-T Bank

P=$1,500

r=3%=3/100=0.03

n=2

t=1

Replacing;

A=1,500(1+0.03/2)^(2×1)

A=1,500(1.015)^2

A=1,545.3375

Total amount after a year=$1,545.3375 for C-T Bank

Total amount received to be received from C-T Bank-Total amount to be received from Bank Wan

=(1,545.3375-1,537.97)=$7.3675

I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan

7 0
3 years ago
4. which of the following is a drawback of the spt dispatching rule? (5 pts) a) long jobs may be continuously pushed back in fav
sergij07 [2.7K]

Long jobs may be continuously pushed back in favor of shorter jobs is a drawback of the spt dispatching rule.

What is SPT?

The standard penetration test (SPT) is a dynamic in-situ penetration test used to determine the geotechnical engineering parameters of soil. This is the most common subsurface exploratory drilling test performed around the world. ISO 22476-3, ASTM D1586, and Australian Standard AS 1289.6.3.1 all outline the test technique. The test produces samples for identification as well as a measure of penetration resistance that can be used in geotechnical design. For geotechnical engineering reasons, there are numerous local and extensively published international correlations that relate blow count, or N-value, to soil engineering parameters.

Long-duration work may be continually pushed back in priority in favor of short-duration jobs, which is its main drawback.

So, the right answer is A.

To learn more about SPT
brainly.com/question/22953574

#SPJ4

5 0
1 year ago
Your company introduced a new product one month ago. Since then, the Website has processed so many orders that the shipping and
blondinia [14]

Answer: The web team can create a FAQ page.

Explanation: FAQ is an abbreviation for Frequently Asked Questions. A FAQ page is a page on an c ecommerce store, where answers to important questions about a company or its products and services have been stored. This is done to clarify the uncertainties of customers and show them how the company or its products and services work.

This will greatly help the company reduce questions directed to sales team, as customers can easily find answer to their questions in the FAQ page

3 0
4 years ago
Explain if you believe all businesses should have the same promotional strategies.
Tanya [424]

Answer:

All businesses today have plenty of choices to promote their products or services. In order to create your brand's promotion, it is necessary to, first of all, have a good idea of what makes your product or service unique and what makes you differ from others in the competitive field – this helps you to discover how to promote your company.

Explanation:

Advertising is far-reaching, which allows a large number of people to promote their business. TV, radio, newspapers, magazines, billboards are traditionally included. Social media, ad search ads, notebooks, e-mail are included. These help to build a brand image to reach new and existing customers for companies.

Whilst personal sales are one of the most costly forms of promotion, they are also one of the most effective because they are related. Personal sales involve one person, in person, on the phone, or by e-mail, reaching your consumers.

Public relations, which involves developing a positive brand image in the media, are one of the best promotion techniques. It is a means of reaching your target audience through the sharing of favorable business information. Public relations efforts can be undertaken through press conferences, press releases, and media interviews.

In the short term, a sale promotion is a good way to improve your profit. Such promotion involves discounts, coupons, competitions, awards, loyalty programs, and other incentives that entice customers directly to purchase products.

7 0
3 years ago
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