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Pepsi [2]
3 years ago
8

QUESTION 11

Business
1 answer:
V125BC [204]3 years ago
6 0

Easter Corporation purchased a new manufacturing building during the current year. The building has an estimated useful life of 30 years. The appropriate year-end adjusting entry would be Debit Depreciation expense and credit Accumulated depreciation.

<u>Explanation:</u>

With time the value of the fixed asset reduces due to wear and tear, This reduction in the value is called Depreciation.

At the end of year the adjusting entry would be like this, we will debit the depreciation expense account and credit the accumulated depreciation account.

When we debit the depreciation account it will be shown in the income statement as an expense on the debit side and on the other hand the accumulated depreciation will appear in the balance sheet as a contra account . This will reduce the amount of fixed asset i.e building.

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Divide the following by short division:<br> 3) 186
Goryan [66]

Answer:

62

Explanation:

I first divided 3 into 180 which is 60 because 18 divided by 3 is 6 and then you add back on that 0 getting to 60.  Then for the 6, divide that by 3, which is 2 which you add to the 60 getting to 62.

I hope this helps and please don't hesitate to ask if there is anything still unclear!

7 0
3 years ago
Jones Company uses the weighted-average method in its process costing system. The Finishing Department started the month with 40
Vaselesa [24]

Answer:

Units Completed and Transferred: 2,700

Explanation:

Units Completed and Transferred: Beginning Units in Process + Units Received -  Ending Units in Process

Beginning Units in Process:                400

Units Received:                                 2,500

<u>Ending Units in Process:                     (200)</u>

Units Completed and Transferred:  2,700

6 0
3 years ago
There are approximately 1 billion people living in India. Only about 200 million of these people earn more than the equivalent o
MAXImum [283]

Answer:

D. Physiological.

Explanation:

Physiological Needs are the establishment of Maslow's hierarchy of needs and incorporate survival needs such as the requirement for sleep, nourishment, air, and proliferation. Physiological needs are the requirements we as a whole need separately for human survival.

4 0
3 years ago
A firm characterized as a price-taker:
ololo11 [35]

Answer: Option E

Explanation: A perfectly competitive company is known as a price-taker, because the competition of competing firms causes them to embrace the prevailing market price of equilibrium.

If a company raises the price of its product by as much as a penny in a perfectly competitive structure,then it will lose all of its sales to other firms. In such structures the prices are determined by the marker forces of demand and supply.

Hence from the above we can conclude that the correct option is E.

3 0
4 years ago
Suppose that you want to create a "college fund" for your newborn child and place $300 in a bank account at the end of each of t
Sever21 [200]

Answer:

Amount at the end of twentieth year is $12,300

Explanation:

Annuity means a set of fixed amount of payments either made to you or paid by you , at a fixed number of times over a course of defined period.

The case given in the question is of ordinary annuity , where fixed amount of payment are required at the end of each period.

FORMULA FOR FUTURE VALUE ORDINARY ANNUITY =

               

Where, C(cash flow) = $300,

            I(interest rate) = 7%

           N(number of period) = 20

           FV ( Future value)

FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= CASH\ FLOW(C)\times \left [ \frac{1+I^{N}-1}{I} \right ])

FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{1+7\%^{20}-1}{7\%} \right ])

FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{\ 1.07\ ^{20}-1}{7\%} \right ])

FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{\ 3.87\ -1}{7\%} \right ])

FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{\ 2.87}{7\%} \right ])

= 861/7%

= $12,300

8 0
3 years ago
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