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melamori03 [73]
4 years ago
10

Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $127,000.

The machine's useful life is estimated to be 4 years, or 380.000 units of product, with a $3,000 salvage value During its second year, the machine produces 76,000 units of product. Determine the machines' second year depreciation under the straight-line method. a. $24, 800. b. $31,000.c. $31, 750.d. $25, 400. e. $32, 500.
Business
1 answer:
Brut [27]4 years ago
6 0

Answer:

b. $31,000

Explanation:

The computation of the depreciation expense using the straight-line method for the second year is shown below:

= (Original cost - residual value) ÷ (useful life)  

= ($127,000- $3,000) ÷ (4 years)  

= ($124,000) ÷ (4 years)  

= $31,000

Hence, the correct option is b. $31,000

The units are to be ignored as the method i.e used is straight line so the same is to be considered

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Aliun [14]

Answer:

b. demand-side market failure. 

Explanation:

Demand-side market failure occurs when suppliers aren't able to charge consumers prices for goods and services.

I hope my answer helps you

3 0
3 years ago
In economic terms, marginal is another word for which of the following? a. Outside . . b. Rare . . c. Additional . . d. Boundari
likoan [24]
In economic terms, marginal is another word for: C. additional

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hope this helps
7 0
3 years ago
Read 2 more answers
On October 1, 2018, Chief Corporation declared and issued a 10% stock dividend. Before this date, Chief had 80,000 shares of $5
iris [78.8K]

Answer:

correct option is a. decrease by $80,000

Explanation:

given data

stock dividend = 10%

common stock = $5

Chief = 80,000 shares

market value = $10

to find out

Chief's retained earnings will

solution

here retaining earning will be decrease by the maount of stock dividend that is

retaining earning = $80,000 × 10 % × $10

retaining earning = $80,000 × 0.10 × $10

retaining earning = $80000

so here correct option is a. decrease by $80,000

4 0
3 years ago
If costs are 85% of sales (and profit is 15%), what is the amount of extra sales needed to equal $1,200 in profit from purchasin
attashe74 [19]

Answer:

$8,000

Explanation:

Given that

Profit = $1,200

Cost = 85% of sales

Profit = 15%

We know that

Sales = Cost + Profit

         = 85% + 15%

         = 100%

So sales percentage is 100%

Now we use the unitary method to find out the extra sales which would be

= Profit × sales percentage ÷ profit percentage

= $1,200 × 100% ÷ 15%

= $8,000

7 0
4 years ago
ABC Farm Supplies has adopted policies and procedures designed to eliminate non-discriminatory practices in hiring and promoting
ikadub [295]

Answer:

Affirmative action

Explanation:

This is a term that describes effort or action to recruit disadvantaged groups or groups previously excluded. This is also used to ensure gender balancing in organisations. Some organisations consciously seek to fill up top positions at their board with women. The Beijing conference on women empowerment sought for increased women participation in key decision positions.

ABC effort can be described as an Affirmative action towards recruiting a group that was previously disadvantaged or discriminated upon previously.

8 0
3 years ago
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