Answer:
The answer is "148050 and 246740".
Explanation:
Please find the complete question in the attached file.
for point a:
Cost 
Less: Salvage value 
Depreciable cost 
Divide by Useful life 
Annual Depreciation 
Depreciation expense
Accumulated Depreciation
for point b:
Double declining balance rate 
Depreciation for 2019 
Depreciation for 2020
Depreciation expense for 2021 
Depreciation expense 78840
Accumulated Depreciation 
Answer:
Double-cycle billing is a method used by creditors, usually credit card companies, to calculate the amount of interest charged for a given billing period. It takes into account not only the average daily balance of the current billing cycle (usually one month), but also the average daily balance of the previous cycle.
Explanation:
idk...my mom helped me answer this for you
Answer:
Felix Incorporated
Exchange of Preferred Stock for Land:
Journal Entries:
Debit Land $90,000
Credit Preferred Stock $81,250
Credit Additional Paid-in Capital - Preferred Stock $8,750
To record the issue of 1,250 of $65 par-value preferred stock for land with a fair price of $90,000.
Explanation:
Felix Incorporated will debit Land with the fair price of $90,000 and Credit the Preferred Stock account with $81,250 (1,250 x $65) at par-value. The difference between the fair price of land and the preferred stock at par-value is credited to additional paid-in capital account for preferred stock. Felix Incorporated cannot take into account the current market value of the stock at $75 in its accounting records. The current share price of $75 is for the benefit of investors, and can only serve as basis for Felix Incorporated to decide transactions with potential investors.
If the market for water were perfectly competitive instead of monopolistic, the price that would be charged would not be able to be controlled by company, so it would be really close to the Equilibrium point.
So let's the the point is $ 120, that number will be your answer.
Answer:
Break-even point (dollars)= $21,667
Explanation:
Giving the following information:
Blythe Company has provided the following information: Sales price per unit $ 45 Variable cost per unit 18 Fixed costs per month $13,000
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 13,000 / [(45 - 18)/45]= $21,667
