Answer:
a. The depreciable cost is $72000.
b. The depreciation rate is $0.36 per mile.
c. The depreciation expense for the year is $6480.
Explanation:
a.
The depreciable cost is the cost that is eligible for depreciation. It is calculated by deducting the residual value from the cost of the asset.
Depreciable cost = Cost - residual value
Depreciable cost = 80000 - 8000 = $72000
b.
The depreciation rate can be calculated by dividing the depreciable cost by the total estimated useful life of the asset.
The depreciable rate = 72000 / 200000 = $0.36 per mile driven
c.
The units of activity depreciation for the year is,
Depreciation expense = 0.36 * 18000 = $6480
Answer:
The correct option is C. which is <em>assess how long a company with positive cash flows from financing activities can continue to operate</em>
Explanation:
<em>The ratio of cash to monthly cash expenses can be used to make assessment of a company whether how long it can determine without additional financing and positive cash flows generated from operations.</em>
The formula of The ratio of cash to monthly cash expenses
= Cash s of year end ÷ Monthly Cash Expenses
Answer:
correct option is $750
Explanation:
solution
we know here that Net balance of opening accounts receivable is
Net balance of opening accounts receivable = $30000 - $500
Net balance of opening accounts receivable = $29500
and
Credit sales during the year is here $7500
0
and Cash payments received = 74550
so
uncollecectible account expenses = credit sales × % of sale uncollectible
so uncollecectible account expenses = $75000 × 1%
uncollecectible account expenses = $750
so correct option is $750
Answer: D
Explanation: Quarter Inc. cannot be legally charged because as a foreign entity, it is exempt from prosecution based on sovereign immunity. Once the defendant establishes that it is a foreign state, for the lawsuit to proceed, the plaintiff must prove that one of the Act's exceptions to immunity apply.
Answer:
100,000 units
Explanation:
The computation of the transferred out units of the process is shown below:
= Transferred units × percentage of completion + ending work in process inventory units × percentage of completion
= 90,000 units × 100% + 10,000 units × 100%
= 90,000 units + 10,000 units
= 100,000 units
All other information which is given is not considered. Hence, ignored it
