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Lorico [155]
2 years ago
12

Accumulated depreciation shows a beginning balance of $9,300 and an ending balance of $10,700. How much depreciation expense was

reported in the current year's income statement
Business
1 answer:
faust18 [17]2 years ago
6 0

Answer:

$1400

Explanation:

Accumulated depreciation is the total depreciation of an asset and is recorded on the balance sheet while the depreciation expense is recorded on the income statement as an expense.

The depreciation expense is the difference between the accumulated depreciation at the end and the accumulated depreciation at the beginning. It is given as:

Depreciation expense = accumulated depreciation at the end - accumulated depreciation at the beginning = $10700 - $9300 = $1400

Depreciation expense = $1400

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Alan is sure to tell his boss about every new client he gets for their firm and he is sure to pass along any compliments he gets
butalik [34]
The impression strategy that Alan is using is the self-promotion. The impression strategy of self-promotion tends a person to promote his or herself or in another term, the person would brag his or her accomplishments or the activities that he or she has done in a way which is forceful or a way that other people would think that he or she does not need to know about.
3 0
3 years ago
Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts
sineoko [7]

The amount of the bad debts expense adjusting entry is:$7665.

<h3>Bad debt expenses</h3>

Using this formula

Bad debt expenses=Sales×Estimated sales percentage

Where:

Sales=$1,095,000

Estimated sales percentage=0.7%

Let plug in the formula

Bad debt expenses=$1,095,000×0.7%

Bad debt expenses= $7,665

Therefore the amount of the bad debts expense adjusting entry is:$7665.

Learn more about bad debt expenses here:brainly.com/question/18568784

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5 0
2 years ago
The table below shows the average income of the U.S. total population over age 25, based on level of education. Drag the differe
abruzzese [7]

The differences in average income are $6,080, $6169, $18,219, and $19,151.

The table below organizes income from the one with the lowest education level to the highest one. Moreover, there is a general trend in which income increases with education.

Now, to find the difference in average income based on education it is necessary to subtract the income of a lower level to the income of the next educational level.

Less than Highschool vs. High school graduate:

  • $31,956 - $25,876 = $6,080

High school graduate vs. some college or Associate's degree:

  • $38,125 - 31,956 = $6169

Some college or Associate's degree vs. Bachelor's degree:

  • $56,344 - $38,125 = $18,219

Bachelor's degree vs Profession or Doctorate degree:

  • $75,495 - $56,344 = $19,151

Learn more about mathematics in: brainly.com/question/12083755

4 0
2 years ago
Ruston Company Income Statement January 1 to December 31, 2017 (amounts in thousands) 7,800 1,560 6,240 780 700 500 4,260 70 4,1
uranmaximum [27]

Answer:

The Net Cash Flow is -$4,686,000.

Explanation:

Note: The data in this question are merged. The complete question with the sorted data are therefore provided before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation of the answers is now provided as follows:

Net Cash Flow can be determined by preparing the cash flow statement as follows:

Ruston company

Cash Flow Statement

For the Year Ended December 31, 2017

<u>Details                                                                  $’000               $’000   </u>

<u>Cash Flows from Operating Activity </u>

Net Income                                                           2,514

Adjustment to net income

Depreciation expense                                           700

Increase in accounts receivable                         (600)

Increase in accounts payable                            <u>   300 </u>

Net Cash Flows from Operating Activity                                    2,914

<u>Cash Flows from Investing Activity</u>  

Increase in Gross Property, Plant, & Eq.         <u>  (8,300) </u>

Net Cash Flows from Investing Activity                                    (8,300)

<u>Cash Flows from Financing Activity  </u>

Increase in Long Term Debt                               <u>    700 </u>

Net Cash Flows from Financing Activity                                <u>       700  </u>

Net Cash Flow                                                                        <u>    (4,686)  </u>

Therefore, the Net Cash Flow is -$4,686,000.

Download pdf
8 0
3 years ago
A company must be concerned about the creation of communication harmony. Nike uses the slogan "Just Do It." Consumers see this b
REY [17]

Answer:

Integrated marketing communications.

Explanation:

Integrated marketing communication is a technique used by companies to create a linked form of communications and messages. Talking in simple terms, integrated marketing communications help firms to integrate their all promotional tools and ensure that all tools work in harmony with each other.

Nike is an example of a company using the technique of integrated marketing communications.

By using the slogan 'Just do it' in all of their promotional tools, the company is ensuring harmony in all of its tools.

Therefore, integrated marketing communications is the correct answer.

8 0
2 years ago
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