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Makovka662 [10]
3 years ago
11

g Texas Corporation purchases a piece of equipment on January 1 for $300,000 and the equipment has an expected useful life of te

n years. Its salvage value is estimated to be $20,000. Assuming Texas uses the double-declining balance depreciation method, what would be the accumulated depreciation at the end of the second year
Business
1 answer:
Vikki [24]3 years ago
6 0

Answer:

$108,000

Explanation:

For computing the accumulated depreciation for the end of the second year

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 10

= 10

Now the rate is double So, 20%

In year 1, the original cost is $300,000, so the depreciation is $60,000 after applying the 20% depreciation rate

And, in year 2, the depreciation is

=($300,000 - $60,000) × 20% = $48,000

So, the accumulated depreciation at the end of the second year is

= $60,000 + $48,000

= $108,000

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Answer:

The company should purchase the machine.

Explanation:

Note: The complete question is attached below

Forecasted contribution margin income statement

For the Year Ended December 31

Particulars                                       Amount$

Sales                                                2,440,000

Variable cost(10,000*185(195-10))  <u>1,850,000</u>

Contribution margin                        590,000

Fixed cost (327,600+42,500)         <u>370,100</u>

Income                                              <u>$219,900</u>

Because the income increase by $57,500 due to the pruchase, the company should purchase the machine

8 0
2 years ago
The terms of trade reflect the:
WITCHER [35]

Answer:

The correct answer is option b.

Explanation:

The terms of trade is the ratio at which two countries exchange their goods. It is the ratio of exports and imports of a country. Terms of trade reflect the health of the economy.  

It measures the number of goods a country can import in exchange for the goods it is exporting.  

An increase in the price of exported goods will increase the terms of trade for a country. While an increase in the price of imported goods will cause it to decline.

4 0
3 years ago
MagTech Inc. requires funding to build a new factory and has decided to raise the additional capital by issuing $850,000 face va
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Attached screenshot has got your answer

6 0
3 years ago
Target markets can be selected by appealing to the entire market with one marketing mix
mixas84 [53]

Answer:

The correct answer is b. True.

Explanation:

The objective of applying the marketing mix is to know the situation of the company and to develop a specific strategy for subsequent positioning. One way to start is by conducting a market study.

As changing as the consumer, the marketing mix currently has an approach that rethinks questions about the market and the consumer such as:

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- What is the cost of satisfaction of our customers and what return will this satisfaction give me?

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5 0
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If the company budgets to need 4000 units to sell for a month, has a beginning inventory of 1000 units and a desired ending inve
Alecsey [184]

Answer:

5,500 units

Explanation:

The computation is shown below:

Given that

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So, by considering the above information, the units to be produced is

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