Answer:
$200,000
Explanation:
Here, in the solution the tax effects are ignored as tax rate is not provided.
Since accrual basis is the acceptable basis, we have:
All the revenues and expenses are to be recognised in the period it belongs to, and not when the actual cash payment is received or made.
Total revenue earned in 2015 = $400,000
Total expense (Wages of employees) for 2015 = $200,000
Therefore, net income for 2015 = $400,000 - $200,000 = $200,000
Note: It is of no relevance that when actual cash was realised from debtors and when actual payment was made to employees.
Answer:
Depreciation for year 3 = $115518
BV = $57798
Explanation:
The modified accelerated cost recovery method employees a classification-based approach to depreciating certain assets, once classified are assigned respective rates of depreciation. for example, assets classified under automobiles, trucks and machinery are treated under 5-year MACRS and will be depreciated at 20%, 32%, 19.2% and so on.
In this question the bridge across Rio Grande being built by Del Norte Brick co is treated under 3-year MACRS, for which the rates are as follows:
33.33% for the first year
44.45% 2nd year
14.81% 3rd year
7.41% 4th year
We have been asked to determine 3rd years' depreciation and book value, determined as follows:
Depreciation year 1: $780000 33.33% = $259974
Depreciation year 2: $780000 44.45% = $346710
Depreciation year 3: $780000 14.81% = $115518
So the depreciation for year 3 = $115518
The book value is calculated as follows:
<em>Book value = cost - accumulated depreciation</em>
BV = $780000 - $722202
BV = $57798
Answer: D. All of the above
Explanation: The three options listed could explain why the productivity of labor increased with a reduction in the quantity of labor hired. The law of diminishing returns states that as more and more inputs of production are added, a time comes in when additional inputs causes no corresponding increase in productivity. At points like this a reduction in the input added would restore productivity.
Reducing the amount of labor obviously is a labour saving technical change. Changes in organizational innovation can also result in changes in productivity.
Answer:
Variance (Unfavorable) (NZD 340,000)
Explanation:
Budget Variance using exchange rate projected at the time of budget
Budget Actual Variance Exc. Rate Variance in NZD
MYR MYR
Revenue 12000000 11000000 -1000000 0.34 -340000
Expenses 9000000 9000000 0 0.34 0
Profit 3000000 2000000 -1000000 0.34 -340000
Answer:
The correct answer is B. The three main parts of a speech are the introduction, the body, and the conclusion.
Explanation:
The speech is a succession of words, expressed orally, that serve to express what we want or want to say.
Its main function has been from its origins to communicate or expose, but with the main objective of persuading its audience.
The speech is composed of three parts: introduction, body and conclusion:
-The introduction is one of the most important parts of the discourse since in this it is exposed the subject that will be treated.
Its function is to mark that the speech begins, attract the attention of the receiver, dissipate animosities, gain sympathy, set the interest of the recipient and establish the theme, thesis or objective.
-The body is the longest part since the whole theme is exposed in it: doubts and everything necessary to expose a considered justification of the idea are taken out.
-The conclusion is a strategic point, since it makes a small reflection about all of the above. The end must constitute the compendium of what has been said.
