Answer:
$4,320
Explanation:
Calculation for the amount to be recorded as depreciation expense at December 31, 2022
Using this formula
Depreciation expense at December 31, 2022=[(Factory equipment - Salvage value) ÷ 10]× 9/12
Let plug in the formula
Depreciation expense at December 31, 2022=[($69,600 - $12,000) ÷ 10] × 9/12
Depreciation expense at December 31, 2022=$5,760×9/12
Depreciation expense at December 31, 2022=$4,320
Note that 1 April 2022 to 31st December 2022 will give us 9months
Therefore Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2022 is:$4,320
Answer:
1. Gross margin percentage:
For Denver and the Reno is 53% and 27%
2. Return on sales ratio:
For Denver and the Reno is 18% and 10%
Explanation:
1. The formula to compute the gross margin percentage is shown below:
Gross margin percentage = (Gross margin) ÷ (Net sales) × 100
For Denver = ($17,760 ÷ $33,200) × 100 = 53%
For Reno = ($23,850 ÷ $86,900) × 100 = 27%
2. The formula to compute the return-on-sales ratios is shown below:
Return-on-sales ratio = (Net income) ÷ (Net sales) × 100
For Denver = ($6,000 ÷ $33,200) × 100 = 18%
For Reno = ($8,502 ÷ $86,900) × 100 = 10%
Answer:
The answer is stated below:
Explanation:
A. Received or collected $10,000 in exchange of the common stock:
This transaction will have an impact on the Accounting Equation of the Accounts, which is :
Assets = Liabilities + Equity
As the cash is received, there will be an increase in the assets and under the cash account of the current assets. Though the cash is against the common stock, which increases the common stock account upon the side of the equity.
Therefore, it will be:
Increase in assets (Cash) : Increase in equity (Common Stock)
B. Bought the equipment on account worth $5,000.
This transaction will have an impact on the Accounting Equation as:
As the equipment is purchased will in turn lead to increase in the assets side, under the equipment account and it is purchased on account, which means on credit, that leads to increase in the liability under the Accounts Payable account.
Therefore, it will be:
Increase in assets (Equipment) : Increase in Liability (Accounts Payable)
Answer:
a. Minimizes the amount of input resources without compromising quality.
Explanation:
Efficiency is when productive resources are measured inorder to achieve goal. Task are performed at its best with the least cost and less energy in measuring efficiency
Effectiveness measures goals completeness selected by managers for the organization. It means doing the right thing as expected of the organization.
For China to be efficient, she must minimize the amount of input resources without compromising quality. An efficient manager must perform a task qualitatively with the available resources, least cost and in the best way possible.
The two correct options are:
peace, stability, and order.
new technologies and infrastructure.
