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3 years ago

Accounting.

Business

1 answer:

OleMash [197]3 years ago

7 0

Depreciation is the residual value of an asset

Explanation:

Depreciation has been appeared in both profit and loss account and Balance sheet

In profit and loss account it was appeared in the debit side considering the depreciation as an expense and also it will appeared in the asset side of the balance sheet ., it must be deducted from the value of the related asset . since the asset was purchased in the beginning of the year 1 January 2018 and has a useful economic life of 5 years and zero residual value. under straight line depreciation method., the depreciation value can be calculated as

Purchase value of the asset/5 years., or

(20 percent of the purchase value of asset)

100/20 =5 years

$Purchase value of the asset/5 years., or(20 percent of the purchase value of asset) 100/20 =5 years$

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Finerly Corporation sells cosmetics through a network of independent distributors. Finerly shipped cosmetics to its distributors

hjlf

Answer:

Explanation:

Finerly should recognize $0 of revenue upon delivery to distributors. Because of the uncertainty of the returns due to the fact that Finerly does not know if it will have to accept the cosmetics back from the distributors if the cosmetics are not sold, Finerly cannot or should not recognize revenue until it either can estimate in a better way its returns or when the sales actually occur.

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3 years ago

DJ Company, a manufacturer, uses the indirect method for preparing its statement of cash flows. The company has provided the fol

guajiro [1.7K]

Answer:

$304,000

Explanation:

Calculation to determine How much was DJ's net income

Net cash inflow from operating activities ($262,000)

Less Account spayable decrease ($26,000)

Less Prepaid asset increase ($20,000)

Add Depreciation expense $32,000

Add Accounts receivable decrease $26,000

Add Loss on sale of depreciable asset $21,000

Add Wages payable increase $15,000

Less Unearned revenue decrease $21,000

Add Patent amortization expense $15,000

Net income $304,000

Therefore DJ's net income is $304,000

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3 years ago

Does unemployment affect demand?<br>

Ivahew [28]

Yes it does. Unemployment is when a person isn't currently hired at a work pleace. If people are unemployed they are making no income so less people are in need of products so it lowers the demand.

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4 years ago

What is a strategy for reducing the risk of identity theft?

Pepsi [2]

Answer:

Explanation:

extra cards and id makes it easier for people to steal (pickpocket) and get into accounts and all of the others would make it easy

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4 years ago

Read 2 more answers

Which of the following statements is true if total fixed costs decrease while the sales price per unit and variable cost per uni

Trava [24]

Answer:

D. The breakeven point decreases.

Explanation:

Breakeven point of a business is defined as the point where it's total cost and total revenues are equal, at this point there is no gain or loss. Hen revenue is above this point profit is made, and when revenue is below this point there is loss.

The formula for break-even is

Breakeven point= Total fixed cost/(Sales price per unit- Variable cost per unit)

Since sales price and variable cost is constant, let's say

(Sales price per unit- Variable cost per unit)= constant (k)

So when we cross-multiply in the formula

Breakeven* k= Total fixed cost

It shows that Breakeven point is directly proportional to Total fixed cost.

So a reduction in Total fixed cost will result in a reduction in Breakeven point.

3 0

3 years ago