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BARSIC [14]
3 years ago
5

Sunland Company purchased machinery on January 1, 2020, for $90,400. The machinery is estimated to have a salvage value of $9,04

0 after a useful life of 8 years.
Compute 2020 depreciation expense using the double-declining-balance method.
Depreciation expense $________

Compute 2020 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2020. (Round answer to 0 decimal places, e.g. 5,125.)
Depreciation expense $________
Business
1 answer:
photoshop1234 [79]3 years ago
6 0

Answer:

$22,600; $5,650

Explanation:

Double-declining-balance method rate:

= (100% ÷ No. of years of life of assets ) × 2

= (100% ÷ 8) × 2

= 25%

1. 2020 depreciation expense:

= Assets cost × Depreciation rate

= $90,400 × 25%

= $22,600

2. 2020 depreciation expense:

= Assets cost × Depreciation rate

= $90,400 × 25% × 3/12

= $5,650

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The Artisan Cheese Company in Florida has decided to add a new line of imported cheeses to its offering. The company president (
KonstantinChe [14]

Answer:

Cheeses from England.

Explanation:

First, let us define what Marketing Mix is:

  • This refers to the number of strategies a company employs to promote its goods and services in the market. The four Ps of the marketing mix include Product, Price, Place and Promotion.

The goal of a marketing strategy is to create awareness among the target audience.

Feedback and surveys are ways in which a company informs its marketing mix strategy. Therefore, if it has been determined from the customer feedback from company surveys and cheese tasting that the Product the customers prefer is Cheese from England, then that is what should be produced and promoted.

It cannot be over emphasized that companies are in business because of the customers, so their opinion takes precedence, as the saying goes, customer is always right. Therefore, if the need of the customer is not met, the company will make no profits.

The company president and product director will have to do what the customer wants.

4 0
3 years ago
Do you believe that managers today are using more boss- or subordinate-centered leadership styles?
Elan Coil [88]

Answer:

Today's managers are using more subordinate-centered leadership styles to get the best out of them.

Why: Reasons

Why today's managers are more titled toward the subordinate-centered leadership styles, following are few of the reasons:

(1) In today's world, businesses have become much more complicated as ever before, competition has changed the face of any businesses, therefore, managers want to have new and creative ideas, and this is only possible when employees are given free hand in choosing their work environment, thus, it is only possible when manager are having supportive behavior towards their subordinates.

(2) Human resource departments are so efficient now-a-days that they are always in searching of exciting talent. They do the head-hunting on the continuous basis, where they hire employees from other organisations, therefore, if you don't treat your employees well, then they will have more chances to switch the organisation and avail the better available chances.

(3) Employee enjoy working in an environment where they have freedom, bosses and employees work together like Google and SEMCO. In both of these organisations, the organisational structure help employees in participation towards the decision making in the organisation. Employees feel more productive and loyal to the organisation, therefore, employees-centered leadership approaches are more valid now-a-days.

4 0
3 years ago
The Real Estate Settlements and Procedures Act (RESPA) applies to: Select one: A. those parties who are indirectly related to a
ad-work [718]

Answer:

D. all residential mortgages for occupancy only.

Explanation:

  • The act applies to the loan purchases, property investments and equity lines of credit. It proves brokers to give disclosure of borrowers regarding the real estate.
8 0
3 years ago
16. Probett's Auto Body Repair Shop had revenues that averaged $90,000 per week in April and $80,000 per week in May. During bot
Advocard [28]

Answer:

productivity of labor increased by 16.24% in May respect to April

Which means the company was experimenting diminished return in their labor facot as reducing their quantity increase the marginal revenue generated

Explanation:

April productivity:

revenue $90,000

labor used: 40 x 6 + 25 x 4 = 340

productivity of labor:

90,000 / 340 = 264,70 each hour of labor generate 264.70 dollar of revenue

May productivity:

revenue 80,000

labor used: 40 x 6  +  2 x 10 = 260

productivity:

80,000 / 260 = 307,6923 = 307.69

each hour of labor gneerated $307.69 dollar of revenue

<em><u /></em>

<em><u>percentage change</u></em>

307.69/264.70 - 1 = 0,16241

3 0
3 years ago
A company has inventory of 17 units at a cost of $11 each on May 1. On May 5, they purchased 11 units at $16 per unit. On May 12
monitta

Answer:

Value of ending inventory on May 15 after sale = $272

Explanation:

The periodic nventory methods calculating inventory through a physical count at the end of the period.

Under FIFO method, the inventory that is purchased first is the one that is sold first. Thus, a sale of 30 units on May 15 will be made from:

Cost of sales:

17 units at $ 11 = 187

11 units at $ 16 = 176

Remaining units = 30 - (17+11) = 2

The 2 units will be taken from units purchased on May 12.

The ending inventory, thus, will be 18 - 2 = 16units at $17 per unit

Value of ending inventory on May 15 after sale = 16 * 17 = $272

4 0
3 years ago
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