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3 years ago

Which of the following statements about depreciation is correct?

Business

1 answer:

Oliga [24]3 years ago

4 0

Answer:

The correct answer is letter "C": To calculate the cash produced by the business, it is necessary to add the depreciation charge back to accounting profits.

Explanation:

Depreciation indicates how much value was used up for an asset. It also tries to match an asset's cost to the profit this helps the business collect. Depreciation calculations used as income tax deduction offer companies and annual allowance for the use and deterioration of tangible assets. Besides, depreciation must be added to the company's accounting profits to determine the firm's total inflow.

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SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year,

Anon25 [30]

Answer:

treasury stock 382,000 debit

cash 382,000 credit

cash 342,500 debit

treasury stock 274,000 credit

additional paid-in TS 68,500 credit

cash 84,000 debit

treasury stock 80,000 credit

additional paid-in TS 4,000 credit

additional paid-in TS 72,500

Treasury Stock 28,000

<em>The Treasury Stock will be reported as a decrease to the equity.</em>

Explanation:

19,100 shares x $20 per share = 382,000

13,700 shares x $20 per share = 274,000

13,700 shares x $25 per share = 342,500

additional paid-in = 68,500

4,000 shares x $21 per share = 84,000

4,000 shares x $20 per share = (80,000)

additional paid-in 4,000

68,500 + 4,000 = 72,500 additional paid-in TS

TS 382,000 - 274,000 - 80,000 = 28,000

7 0

3 years ago

How do businesses determine the equilibrium price of a good or service?

Helen [10]

Answer:

C. They set a price where the demand matches the quantity they are

willing to supply

Explanation:

The equilibrium price is the current market price as determined by supply and demand forces. It is the price at which buyers are happy to buy the entire supplied quantities. Suppliers are also happy to sell that quantity at the set price. The equilibrium price is, therefore, the intersection of the demand and supply curves.

At the equilibrium price, there is no excess or short supply of a product in the market.

6 0

3 years ago

How does an investor get ownership interest in a company

viva [34]

I believe the answer is: by purchasing shares of the company

By purchasing a certain amount of shares, that investor automatically became part-owner of the company. For majority of companies, every 4 months, the company would announce the amount of dividend that they will give to the share owners. The amount of dividend that the owners receive would be according to the percentage of shares that they own.

7 0

3 years ago

Read 2 more answers

Poseidon Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require hi

Ksenya-84 [330]

Answer:

C. The company paid a lower cost per hour for labor than allowed by the standards.

Explanation:

direct labor rate/price variance = (AR - SR) x AH

Any favorable variance will result from a lower actual rate than the standard rate. Any difference in the actual number of hours will result in a variance of labor efficiency.

In this case, assuming that actual hours were the same as standard hours, 5,000 x 5 = 25,000 direct labor hours were employed. This means that the actual rate was:

-8,000 = (AR - 15) x 25,000

AR - 15 = -8,000 / 25,000 = 0.32

AR = $14.68

5 0

3 years ago

Relationship management is a customer-oriented feature with . response based on customer input, Options product service both non

vovikov84 [41]

The right answer for the question that is being asked and shown above is that: "service " Relationship management is a customer-oriented feature with service <span>response based on customer input</span>

7 0

3 years ago