The change in accounting estimates such as the life and residual value of a depreciable asset should be applied prospectively. During years 1 & 2, the depreciation is $4,000. However, at the end of year 2, the life of the asset was changed to 6 years and residual value is reduced to $1,200.
Thus, the depreciation starting year 3 is $2,450 computed as:
Cost of asset $19,000
Less: Depreciation (2 years) 8,000
Book Value $11,000
Divide by remaining life 4 years
Depreciation $2,750
Answer:
$7,899,827
Explanation:
The computation of the maximum increase in money supply is shown below:
Data given in the question
Additional value in excess reserves = $868,981
Reserve ratio = 11%
By considering the above information, the maximum increase in money supply is
= Additional value in excess reserves × 100 ÷ reserve ratio
= $868,981 × 100 ÷ 11
= $868,981 × 9.09
= $7,899,827
Answer:
Finished goods inventory final balance= 12, 495
Explanation:
PRODUCTION COST COMPONENTS
- Direct materials 12,385
- Direct work 10,600
- Lease and utilities 9,600
TOTAL PRODUCTION COST = 32,585
TOTAL UNITS PRODUCED = 6,650
UNIT COST= (Total Production Cost / Total Units Produced) = 32,585 / 6,650 = 4.9
FINAL GOODS INVENTORY = (Total Units Produced – Total Units Sales) = 6,650 – 4,100 = 2,250
FINAL GOODS INVENTORY AMOUNT = (Final goods Inventory * Unit Cost) = 2,250 * 4.9 = 12,495
Answer:
$4,800
Explanation:
The differential total net revenue is the difference between the revenue generated from selling 3,200 pounds of GoldStar Prime to the revenue generated from selling 3,200 pounds of regular brisket.
Regular brisket revenue (R):
GoldStar Prime revenue (G):
The differential Total Net Revenue (D) is:
The answer is $4,800
Answer:
discretion.
Explanation:
A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, managers are required to engage their staff members (entire workforce) in the most efficient and effective manner.
In this scenario, the leadership of the company exhibited a low degree of discretion, which would consequently limit Leslie's ability to influence the other staffs (employees) working in the company while trying to achieve his goal.
