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bulgar [2K]
3 years ago
7

If the beginning balance of the Accumulated Depreciation—Equipment account is $10,000 and an adjusting journal entry is recorded

for depreciation on the equipment for $2,500, the balance of the accumulated depreciation account after the entry is recorded will be ___________.a. $10,000.
b. $12,500.
c. $7,500.
d. $2,500.
Business
1 answer:
kari74 [83]3 years ago
6 0

Answer:

B. $12,500

Explanation:

Accumulated depreciation is the cumulative depreciation of an asset up to a single point or current point in its life.

Each period, the depreciation expense recorded in that period is added to the beginning accumulated depreciation balance. Therefore when there's an entry of depreciation of an equipment, the current value is added to the previous total of the old entry. Therefore the balance of the the depreciation after current entry is the beginning balance of the depreciation plus the balance entered into the record.

In this case, the beginning balance was $10,000 and the entry was $2,500

Hence, balance of accumulated depreciation account after entry is 10000 + 2500 = $12,500

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Explanation:

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b. There are several different cultural values ​​that can directly influence the work environment, the issue of formality for example is a factor that differs from country to country, and the lack of formality of an employee for example can be seen as rude, invasive behavior or unprofessional, when in fact it may just be a cultural feature of countries where the work environment is less informal and more flexible.

c.  To make communication more effective, it is necessary to prepare the organization, that is, the development of policies, organizational culture and programs aimed at inclusion and respect for the different cultural values ​​present in the organization.

It is essential that the company prepare its managers and employees to receive workers from other countries, developing a favorable environment for the exchange of positive experiences, aimed at integration, collaboration and ethical behaviors.

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3 years ago
Approximately 80% of the population on madagascar consists of subsistence farmers who use a slash and burn technique called ____
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Approximately 80% of the population on Madagascar consists of subsistence farmers who use a slash and burn technique called Tavy to clear forests. This traditional Malagasy farming method Taly is used to clear forest for farming land. The method involves setting vegetation alight after being cut down, creating potential land for rice cultivations.

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3 years ago
Sheridan Company sells merchandise on account for $6400 to Carla Vista Company with credit terms of 2/10, n/30. Block Company re
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Answer: $4,508

Explanation:

Companies usually give discounts with credit terms to encourage Receivables to pay faster.

In this scenario, credit terms of 2/10, n/30 were offered which means that if Carla Vista Company pays within 10 days they get a discount of 2% but if they don't they should pay the full amount in 30 days.

They paid within the discount period meaning that they qualify for the discount of 2% but they however returned goods worth $1800.

So calculating for that would be,

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8 0
3 years ago
Read 2 more answers
Crane Company buys merchandise on account from Sheridan Company. The selling price of the goods is $1,350 and the cost of the go
trapecia [35]

Explanation:

The journal entry is as follows

In the books of Crane company

Merchandise Inventory A/c $1,350

              To Accounts payable A/c $1,350

(Being inventory purchased on credit)  

In the books of Sheridan Company

Account receivable A/c Dr $1,350

          To Sales revenue $1,350

(Being the goods are sold on credit)

Cost of goods sold A/c Dr $655

             To Merchandise Inventory A/c $655

(Being goods are sold at cost)  

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3 years ago
Macy Corporation's relevant range of activity is 8,100 units to 16,500 units. When it produces and sells 12,300 units, its avera
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Answer:

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Contribution margin = Net sales value - Variable cost per unit.

Variable cost per unit will be same as that of average variable cost, as is completely proportional to number of units.

Variable cost is 100% avoidable for the units not produced.

Thus,

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Total variable cost = $13.45

Selling price per unit = $32.00

Therefore, contribution margin per unit = $32 - $13.45 = $18.55

6 0
3 years ago
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