17. Which of the following is an example of sources of funds?

Mercury Company reports depreciation expense of $56,000 for Year 2. Also, equipment costing $189,000 was sold for its book value

densk [106]

Answer:

Hi, the information you have provided has missing important information.

However relevant detail to tackle the question is provided as follows:

Prepare the Equipment Disposal T - Account and use it to find the missing balance.

Debit :

Cost $189,000

Profit on Disposal xxxx

Credit:

Accumulated Depreciation $112,000

Loss on Disposal xxxx

Cash (Balancing figure) $ xxxx

The Cash received from the sale of the equipment is provided as a balancing figure for this account.

8 0

3 years ago

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Which is not an example of a product cost? cost of goods purchased for resale. commissions paid on goods sold last month. transi

ivann1987 [24]

The correct answer would be D. freight on goods purchased for resale.

8 0

3 years ago

On July 31, 2020, Wildhorse Company paid $2,850,000 to acquire all of the common stock of Conchita Incorporated, which became a

Ksivusya [100]

Answer:

Goodwill Paid by Wildhorse = $ 210,000

Explanation:

On July 31st the amount of Goodwill recognized by Wildhorse of Conchita is

Payment by Wildhorse to acquire Conchita = $ 2850,000

Less Net identifiable assets of Conchita = $ 2640,000

Goodwill Paid by Wildhorse = $ 210,000

The following entry would have been passed on 31st July

Goodwill Dr. $ 210,000

Assets Dr. $ 2640,000

Investments $ 2850,000 Cr

The goodwill is determined by the difference in fair value paid and the fair value of assets.

8 0

3 years ago

The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage

liberstina [14]

Answer: See explanation

Explanation:

a. The moving average is calculated as:

= sum demand for 2 yr/2

The moving average for next year will be:

= (3800+3700)/2

= 7500/2

= 3,750 Miles

(b) The mean absolute deviation(MAD)

= Sum(|Dt-Ft|)/n

Therefore, the moving average for Y3 will be:

= (3000+4000)/2

= 7000/2

= 3500

Moving Avge for Y4 F(4) will be:

= (4000+3400)/2

= 3700

Moving Avge for Y5 will be:

= (3400+3800)/2

= 7200/2

= 3600

Therefore, MAD will be:

= Sum (|3500-3400|+|3700-3800|+|3600-3700|)/3

(100+100+100)/3

= 300/3

= 100

(c) Weighted moving average = sum (weight in period n) × (demand in period n)/Sum weights

So Weighted moving average for Y6 will be:

= ((3800 × 0.4)+(3700 × 0.6))/(0.4+0.6)

=1520 + 2220

= 3,740

MEAN ABSOLUTE DEVIATION:

= Sum(|Dt-Ft|)/n

Weighted moving average for Y3:

= (3000 × 0.4c+ 4000 × 0.6)/(0.4+0.6)

= 3600

Weighted moving average for Y4:

= (4000 × 0.4 + 3400 × 0.6)/(0.4+0.6)

= 3640

Weighted moving average for Y5:

= (3400 × 0.4+3800 × 0.6)/(0.4+0.6)

= 3640

Therefore, MAD

= Sum(|3600-3400|+|3640-3800|+|3640-3700|)/3

MAD = (200+160+60)/3 = 140

(d)Expomentioal Smoothing F(t) will now be:

SO F(1) = 3000 + 0.5 × (3000-3000)

= 3000

F(2) = 3000 + 0.5 × (4000-3000)

= 3500

F(3) = 3500 + 0.5 × (3400-3500)

= 3450

F(4) = 3450 + 0.5 × (3800-3450)

= 3625

F(5) = 3625 + 0.5 × (3700-3625)

= 3663

Therefore, forecast will now be 3663 miles

3 0

3 years ago

Suppose that you work at the Peacock Blue store for 40 hours over 5 days at a rate of $8.75/hour. You then quit your job. Deduct

Marina CMI [18]

Let's calculate first how much money you earn:
40*8.75=350$

The transportation and lunch for the 5 days:
3.85*5=19.25$ (lunch)
4.25*5=21.25 (transportation)
Black slacks = 29.95

FICA = 7.65/100*350(money you earned) = 26.775$
Federal withholding = 12/100*350=42$
State withholding = 8/100*350=28$

Your discretionary income = 350-19.25-29.95-21.25-26.775-42-28=182.775$

The final answer is: A.$182.77

5 0

3 years ago

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