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Butoxors [25]
3 years ago
6

The equipment has an estimated useful life of ten years and an expected salvage value of 20 percent. Gravity Hospital’s December

31, 2015, balance sheet reports $10,000 of accumulated depreciation on this equipment. What was the cost of the equipment when it was acquired on January 1, 2011?
Business
1 answer:
ch4aika [34]3 years ago
8 0

Answer:

The cost of the equipment when it was acquired on January 1, 2011 is $10000

Explanation:

10000÷5=2000

2000*10=20000

     

20000 80%    

    X 100%  X=25000  

     

25000*20%= 5000 25000-20000=20000  

2011  2000    

2012 2000    

2013 2000    

2014 2000    

2015 2000 10000  

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Which of the following statements is(are) true? (A) A favorable variance is not necessarily good, and an unfavorable variance is
olganol [36]

Answer:

(B) The master budget includes operating budgets (e.g., production budget) and financial budgets (e.g., cash budget).

Explanation:

The master budget is a business approach which includes all the financial budget as well as the expected incoem statement adn balance sheet.

To do so, it wll need to prepare:

  • the sales budget
  • the production budget (using sales budget)
  • the purchase budget (using production)
  • collection budget (using sales)
  • cash budget (using all of the previous budget)
  • And then combine all this data to create an income statement and balance sheet for the period.
3 0
3 years ago
Which of the following positions is primarily responsible for raising capital and investing funds?A) The treasurerB) The COOC) T
Ede4ka [16]

Answer: <em>Option (A) is correct.</em>

Explanation:

A treasurer is known as a an individual who is responsible for working the treasury of a/an firm/organization. The compelling main functions of an organizations treasurer usually include liquidity and cash management, corporate finance and risk management. They are also primarily responsible for increasing capital via issuing bonds, stocks and investing funds. They tend to report back to CFO.

6 0
3 years ago
The making of the movie Waterworld cost a total of $180 million. It generated a total of $130 million in revenues. $70 million w
slava [35]

Answer:

Losses for the producers of Waterworld, if they finished the movie would be <u>$50 million</u>. If they did not finish the movie, losses would be <u>$130 million.</u>

Explanation:

This is because, the difference between all their expenses in making the movie and the revenue generated is actually <em>$50 million</em>. This happens to be their losses while on the other-hand, if they didn't finish making the movie, it would be <em>$130 million </em>(aside the cost spent in finishing the movie after rebuilding the set)

5 0
3 years ago
Delivery trucks enter and leave a depot through a controlled gate. At the depot, each truck is loaded with packages, which will
Andrews [41]

The question that cannot be answered based on the information in the delivery truck data base is 2) What is the average number of customer deliveries made by each truck on a particular day?

<h3>Why can this question not be answered?</h3>

In order to answer this question, the number of customers that each truck delivered to during the day needs to be recorded.

The total number of deliveries will then be added up and divided by the number of trucks making deliveries.

The information on the number of deliveries made is not in the database so this question cannot be answered.

In conclusion, option 2 is correct.

Find out more on databases at brainly.com/question/518894.

5 0
2 years ago
The journal entry to transfer completed products from production to finished goods inventory includes which two of the following
Talja [164]

Answer:

Debit finished goods inventory

Credit Work in Process Inventory

Explanation:

The journal entry that is required to transfer the completed products from the production stage to finished goods inventory which is the amount of goods in the inventory that have been produced and as well is available and ready for customer to buy will includes to Debit finished goods inventory and to Credit Work in Process. Inventory

Debit finished goods inventory

Credit Work in Process Inventory

(Being to record finished goods inventory)

7 0
3 years ago
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