1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
insens350 [35]
3 years ago
7

Headland Corporation owns machinery that cost $20,000 when purchased on July 1, 2007. Depreciation has been recorded at a rate o

f $2,400 per year, resulting in a balance in accumulated depreciation of $8,400 at December 31, 2010. The machinery is sold on September 1, 2011, for $10,500.Prepare journal entries to:A) Update depreciation for 2011B) Record the sale
Business
1 answer:
Irina-Kira [14]3 years ago
5 0

Answer:

Journal Entries to:

A) Update depreciation for 2011

                                                  Dr.            Cr.

Depreciation Expenses           $1,600

Accumulated Depreciation                   $1,600

B) Record the sale

                                                  Dr.            Cr.

Cash                                      $10,500

Accumulated Depreciation  $10,000

Profit on Sale                                        $500

machinery Account                              $20,000

Explanation:

A)  Depreciation for the year 2011 = $2,400 x (8/12) =$1,600

B) Accumulated Depreciation = ( $2,400 x 3.5 ) + 1600 = $10,000

You might be interested in
Ted failed to disaffirm a contract during his minority or within a reasonable time after reaching majority. The contract was aut
Vlada [557]

Answer:

Ratified

Explanation:

6 0
3 years ago
The pattern of faulty and biased decision making that happens in groups whose members strive for agreement at the expense of goo
True [87]

Answer:

"Groupthink " would be the right answer.

Explanation:

  • Group-thinking seems to be a tendency that happens whenever a segment of the population achieves agreements without rational thought or consideration of the implications or replacements.
  • The tendency generates tension within the same group the seeks to suppress imagination but innovation to avoid confrontation.
8 0
3 years ago
Grassley Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and anticipated long-ru
vodka [1.7K]

Answer:

$80,000

Explanation:

Calculation to determine what the amount of variable administrative cost to allocate to Department 1 would be

Variable administrative cost to allocate to Department 1=(40,000 ÷100,000) x $200,000

Variable administrative cost to allocate to Department 1=0.4×$200,000

Variable administrative cost to allocate to Department 1= $80,000

Therefore The Variable administrative cost to allocate to Department 1 would be $80,000

4 0
3 years ago
The balanced scorecard:
Deffense [45]

Answer:

Letter c is correct.<u> Is forward looking, stressing nonfinancial measures that can lead to benefits in the future.</u>

Explanation:

The balanced scorecard is a methodology whose focus is to assist the strategic management of a business, integrating managers and employees to work focused on obtaining long-term objectives and goals according to the company's current projects and results.

This methodology consists of actions focused on the business vision, so that there is an improvement in the management of long-term objectives, making the vision concrete through the monitoring and control of indicators to verify if the business plans are being fulfilled.

8 0
4 years ago
Economics helps managers because Group of answer choices it helps them focus on the most important issues. it lets them ignore d
murzikaleks [220]

Answer:

it helps them focus on the most important issues

Explanation:

Economics helps the managers with respect to direct, non-direct cost and their benefits

So as per the given situation it would help in focused on the most significant issues

Thus, the first option is correct

And the rest of the options are wrong

So  the same is to be considered and relevant

5 0
3 years ago
Other questions:
  • Sam has $65 to spend on clothes. he wants to buy a pair of jeans for $29 and spend the rest on t-shirts. each t-shirt costs $9.
    5·1 answer
  • Gloria, the controller of Luna Pizza, is purchasing several new delivery vehicles. Gloria has numerous work responsibilities, so
    10·1 answer
  • Goal displacement, satisficing, and groupthink are ____. disadvantages of individual decision making a normal aspect of all grou
    9·1 answer
  • 8. A high-skill job has a lower supply of potential workers than a low-skill job
    7·2 answers
  • Example 11: Ellen just turned 35 years old and she is planning for retirement by saving some money every year. She will save $10
    13·1 answer
  • Investment X offers to pay you $6,100 per year for 9 years, whereas Investment Y offers to pay you $8,700 per year for 5 years.
    13·1 answer
  • 1-11 Identifying effects of transactions using accounting equation-Assets and Liabilities LO P1 The following transactions were
    14·1 answer
  • Look at the screenshot<br> a,b, or c
    11·1 answer
  • Which one of the following is NOT included in the Marketing Mix?
    7·2 answers
  • A design firm wants to hire a senior manager to oversee its architecture division. four applicants and their qualifications are
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!