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suter [353]
3 years ago
5

At the end of its first year, the trial balance of Nygaard Company shows Equipment 532,900 and zero balances in Accumulated Depr

eciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $4,400. Prepare the adjusting entry for depreciation at December 31.Post the adjustments to T-accounts.Indicate the balance sheet presentation of the equipment at December 31.
Business
1 answer:
liq [111]3 years ago
5 0

Answer:

Debit: Depreciation Equipment Expense: 4.400

Credit: Accumulated Depreciation Equipent: 4.400

Explanation:

As were never register any entry for Drepreciaton during the year, we must register the total ammount of the year.

The normal balance for the expense account is an expense and for the accumulated depreciation is a credit.

Lets go to see the T accounts:

            <u>EQUIPMENT</u>  

DEBIT                    CREDIT    

532 900,00  

 

           Accumulated Depreciation  

DEBIT                                            CREDIT    

                                                      4.400                                                                      

    Expense Depreciacion

DEBIT                           CREDIT    

4.400

BALANCE SHEET PRESENTATION:

ASSETS

FIXED ASSETS

EQUIPMENT                           532.000

Accumulated Depreciation     -4.400

NET FIXED ASSETS                                 528.500

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Answer:

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Explanation:

As we believe that The break even point is the point where the organization has no income gained and no loss incurred While the present net value is the value that determines whether or not the projects will be approved after considering the discounted cost.  

It means that if the original investment is less than the present value then the proposal is otherwise refused, the break even point is where the net present value is zero

Hence, the first option is correct

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3 years ago
You and your friends hike a total of 8 miles to the nearest campsite (Activity A). Upon arriving you break off into teams. One t
IgorLugansk [536]

Answer:

a. The critical path is 16 minutes.

b. The length of time to complete the entire process = 23 minutes.

Explanation:

a) Data and Calculations:

Activity                      Optimistic time   Most Likely Time   Pessimistic Time

                                    to complete         to Complete          to Complete

A Hike to the campsite       3                          5                          8

B Set up campsite               2                          4                          5

C Collect wood for fire        1                          3                          5

D Start a fire                         1                          2                          3

E Find water                        0.5                       1                           3

F Collect water & bring it

back to camp                       1                          2                          4

G Purify the water               1                          2                          4

H Cook and eat dinner       1                          3                          4

I Put out fire                         1                          2                         4

J Dispose of food waste    0.5                      2                          3

K Return from food

 waste disposal                0.25                     1                           2

Total time                         12.25                  27                          45

Critical path: Activity A - Activity B

                     Activity A - Activity C 3 - Activity D 2 - Activity E 1 - Activity F 2

Activity G 2 - Activity H 3 - Activity I and J 2 - Activity K 1

= 3 + 2 + 1 + 2+ 2 + 3 + 2 + 1 = 16 minutes

Length of time to complete the entire process = 27 - 4 = 23

The critical path identifies the longest stretch of dependent activities and measuring the time required to complete them from start to finish.

5 0
2 years ago
Which dimension of the general environment represents the demographic characteristics, norms, customs, and values of the populat
BARSIC [14]

Answer:

c. Sociocultural dimension

Explanation:

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You are saving money to buy a car. If you save $ 320 per month starting one month from now at an interest rate of 9​%, how much
12345 [234]

Answer:

$24135.72

Explanation:

Given pmt 320, r 9% n 5 years

This amount is paid monthly s\and there are 12 months in a year

r = 9%/12 =0.75%

n = 5* 12 =60

We will use the future value of annuity

FV = pmt *[(1+r)^n - 1/r)]

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6 0
3 years ago
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olga_2 [115]

Answer:

$1.236= Estimated manufacturing overhead rate

Explanation:

Giving the following information:

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Applied overhead= $55,000

To determine the estimated overhead rate, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

55,000= Estimated manufacturing overhead rate*44,500

55,000/44,500= Estimated manufacturing overhead rate

$1.236= Estimated manufacturing overhead rate

3 0
3 years ago
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