Answer:
Using the units-of-production method, the amount of depreciation expense would the company report in the income statement prepared for the year-ended October 31, 2018 = $ 228899
Explanation:
Given
Acquisition Cost of Equipment = $ 517,000+ $ 16700= $ 533,700
Total units of production= 29,700 hours
Residual Value = $ 6700
Units of Production= 12,900 hours
Formula:
Depreciation per unit= (Cost -Salvage value) / Total units of production* Units of Production
Depreciation per unit= ($ 533,700 - 6700/ 29700)*12900
Depreciation per unit=($ 52,7000 / 29700)*12900
Depreciation per unit=( 17.744)*12900
Depreciation per unit= 228898.98= $ 228899
As units of production are given we do not need to calculate it for half year. The depreciation is calculated for units of production.
Answer: Fictitious refunds
Explanation:
A fictitious refund scheme, occurs when a fraudster processes a transaction to look as if a customer was returning a merchandise, even though there was no actual return. While some fraudsters create an entirely fictitious refund, other fraudsters just overstate the amount of a legitimate refund that took place and steal the excess money.
Billy Mitchell covering his gambling debts, issuing several refund credits to his personal credit card for amounts that were below the store’s review limit is an example of fictitious refund scheme.
Answer:
You need to get more points so you can ask questions.
Explanation:
You can do this by answering other people's questions
Savings are for saving not spending
Answer:
D) 4.95 percent
Explanation:
The current yield formula can be used to determine the coupon payment which would thereafter be used to compute coupon rate as required:
current yield=coupon payment/current market price
current yield=4.87%
coupon payment=unknown
current market price=101.6533%*$10,000
current market price=$10,165.33
4.87%=coupon payment/$10,165.33
coupon payment=$10,165.33 *4.87%
coupon payment=$495.051571
coupon rate=coupon payment/face value
coupon rate=$495.051571
/$10,000
coupon rate=4.95%