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3 years ago

How do i figure out a months ending capital

Business

1 answer:

stealth61 [152]3 years ago

3 0

Ending capital for the month = The month's beginning capital + Additional capital inflow for the month - additional capital outflow for the month

For example: if had $500 at the beginning of a month, you got a dividend of $100 during the month and also spend $50 on entertainment during the month, the ending capital would be 500 + 100 -50 = $550

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On April 1, 2021, Parks Co. purchased machinery at a cost of $42,000. The machinery is expected to last 10 years and to have a r

german

Answer:

Depreciation for 2021 is $6,300 with book value of the machinery being $35,700.
For 2022, Depreciation is $7,140 with book value of $28,560.

Explanation:

The double-declining method is otherwise known as the reducing balance method and is given by the formula below:

Double declining method = 2 X SLDP X BV

SLDP = straight-line depreciation percentage

BV = Book value

SLDP is 100%/10 years = 10%, then 10% multiplied by 2 to give 20%

At Year 2021, 20% X $42,000 = $8,400/yearly

Remember, the machinery was purchased on April 1, 2021, so 9 months depreciation would be accounted for as: 9/12 x $8,400 = $6,300.

So, the book value of the machinery is $42,000 - $6,300 = $35,700 at December 31, 2021

At Year 2022, 20% X $35,700 ($42,000 - $6,300) = $7,140

So, the book value of the machinery is $35,700 - $7,140 = $28,560 at December 31, 2022

Accumulated depreciation expense for Years 2021 to 2022, under this method, is $13,440 (addition of all the yearly depreciation).

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4 years ago

50 - 3 = i bored wanna talk :)

Softa [21]

It’s 47, and what do you wanna talk about?

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3 years ago

Read 2 more answers

A personnel director at a large company studied the eating habits of employees by watching the movements of a selected group of

alekssr [168]

Answer: blocking for gender

Explanation: Blocking refers to a experimental research procedure which involves splitting experimental variables into separate units. This speration is performed in other to avoid bias or effect this separately identified varibales may bring into our experiment if not tested separately. The blocks may be referred to as known categories upon which variables in an experiment may be divided such that treatment is applied to independently to the separate blocks or experimental unit. In the scenario above, the personnel director is blocking for gender by splitting the variables or participants based on gender.

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3 years ago

Which system is used for managing global operations, supporting an international company’s decision-making processes, and dealin

const2013 [10]

Answer:

(D) global information

Explanation:

A global information system is an information system which is used in a global context. and deliver the totality of measurable data worldwide within a defined context.

Examples

Systems developed for multinational users, SAP, Oracle ,JDE, are a global ERP system

Global Information Systems for Education

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3 years ago

Supply-chain management includes operations management, supply management, logistics, and channel management activities.

olganol [36]

Supply-chain management includes operations management, supply management, logistics, and channel management activities. This statement is True.

It guides the group's efforts toward achieving specific, pre-established goals. “Management” is the process of cooperating with and working through others to effectively achieve organizational goals by using limited resources efficiently in a changing world.

First identified by Henri Fayol as the Five Elements, there are now four generally accepted management functions that include these necessary skills.

The definition of control is the way something is handled, the care is taken, the ability to oversee, or the responsibility to a company or group. An example of control is how a person handles personal finances. An example of management is concerned about handling fragile things.

Learn more about management here

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2 years ago