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2 years ago

Your company buys a car, and its value goes down over time. What is that process called?

Business

2 answers:

kozerog [31]2 years ago

4 0

The correct answer would be B. Depreciation

deff fn [24]2 years ago

4 0

The correct answer is B. Depreciation

Explanation

Depreciation is a term used to refer to the decrease in the value of a good or service. In general, depreciation is caused by two main causes, the first is due to degradation of the product that results from its use, and the second is due to obsolescence. For example, cars experience depreciation due to the distance they have traveled because this affects their operation and condition. On the other hand, a technological object such as a cell phone or a computer loses its value, because it becomes obsolete when new models are released.

According to the above, the statement is an example of depreciation because the car that the company bought loses value over time because new models have been released at that time and its use caused the car the degradation of its parts. So, the correct answer is B. Depreciation.

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The sum of all five terms of an arithmetic sequence is $55$. Find the sum of the first three terms of the sequence if the sum of

Blababa [14]

Answer:

Explanation:

The first step is to calculate the third term

= 55/5

= 11

The next step is to calculate the sun of last two terms

= sum of last three terms-third term

= 48-11

= 37

Therefore the sum of the first three terms can be calculated as follows

= 55-37

= 18

Hence the sum of the first three terms is 18

4 0

2 years ago

Job cost sheets constitute the subsidiary ledger for the

Sergeeva-Olga [200]

Job cost sheets which are maintained by the project management team constitute the subsidiary ledger for keeping the inventory of work in process. This keeps a check on the resources provided by the client and resources going out to the team member of the job. Thus these job sheets make a list of the costs involved in the job until itâ€™s completed.

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2 years ago

Following are account balances (in millions of dollars) from a recent FedEx annual report, followed by several typical transacti

Harman [31]

Question Completion:

Prepare the necessary journal entries without the narration.

Answer:

FedEx

a. Debit Cash $17,600

Debit Accounts Receivable $21,704

Credit Service Revenue $39,304

b. Debit Equipment $3,434

Credit Note Payable (long-term) $3,434

c. Debit Rent Expense $10,136

Debit Prepaid Rent $3,728

Credit Cash Account $13,864

d. Debit Maintenance Expense $3,864

Credit Cash Account $3,864

e. Debit Cash Account $24,285

Credit Accounts Receivable $24,285

f. Debit Long-term Notes Payable $350

Credit Cash Account $350

g. Debit Cash Account $320

Credit Common Stock $2

Credit Additional paid-in capital $318

h. Debit Salaries and Wages Expense $15,276

Credit Cash Account $15,276

i. Debit Spare parts, supplies, and fuel Expense $8,564

Credit Cash Account $8,564

j. Debit Accounts Payable $784

Credit Cash Account $784

k. No journal is required.

Explanation:

With the above journal entries, the accountants at FedEx have recorded the listed business transactions for the first time in the accounts of FedEx. From the entries, these transactions will then be posted to the general ledger where accounts, transactions, and business events are summarized.

8 0

2 years ago

Which employers include not only private companies and nonprofit organizations, but also hospitals, department stores, and car m

julia-pushkina [17]

The answer is option D. Business financial management]

The job of Business Financial managers cut across many sectors; their job is to see to the financial health of an organization, by produce financial reports, directing investment activities, and developing strategies and plans for the long-term financial goals of their organization. As such, they are employed not only in private companies and non-profits, but also in such places as hospitals, department stores, and car manufacturring firms.

4 0

2 years ago

Read 2 more answers

Colina Production Company uses a standard costing system. The following information pertains to the current year. Direct labor h

mash [69]

Answer:

variable overhead efficiency variance= $562.5 unfavorable

Explanation:

Giving the following information:

The actual production of 5,500 units

Actual direct labor hours= 11,250

Standard direct labor for 5,500 units:

Standard hours allowed 11,000 hours

First, we need to determine the variable overhead rate:

Variable overhead rate= 22,500/10,000= $2.25 per direct labor hour

Now, using the following formula we can determine the variable overhead efficiency variance:

variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

variable overhead efficiency variance= (11,000 - 11,250)*2.25

variable overhead efficiency variance= $562.5 unfavorable

3 0

2 years ago