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aev [14]
3 years ago
9

Kertis, Inc. reported Net fixed assets as follows on its Balance sheets for December 31, 2011 and December 31, 2012: 2011 2012 N

et fixed assets 200,000 250,000 On its 2012 Income statement, Kertis recorded depreciation expense of $23,000. Assume that Kertis had Accumulated depreciation in 2011 of $ 109,314 . If Kertis did not sell any fixed assets in 2012, what would Kertis have recorded as Accumulated depreciation in 2012
Business
1 answer:
Tems11 [23]3 years ago
4 0

Answer:

Accumulated depreciation in 2012 is $132,314

Explanation:

                                    2011                 2012

Net fixed assets       $200,000       $250,000

Depreciation expense = $23,000

Accumulated depreciation in 2011 = $109,314

Depreciation in 2012 = $23,000

Accumulated depreciation in 2012 = $109,314 + $23,000

= $132,314

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The transistor ushered in the second generation of commercial computers. True or false
NARA [144]

The given statement is true.

A transistor computer—often referred to as a second-generation computer—uses discrete transistors rather than vacuum tubes.

<h3>What is commercial computers?</h3>

A general term used to characterize more intense computing applications that need technology that is more powerful and trustworthy than consumer-grade goods is commercial computing, often known as industrial computing. The first digital computer made for use in commerce is named UNIVAC.

The U.S. Census Bureau dedicates UNIVAC, the country's first commercially available electronic digital computer, on June 14, 1951. The engineers who created UNIVAC, also known as the Universal Automatic Computer, were led by J.

A transistor computer—often referred to as a second-generation computer—uses discrete transistors rather than vacuum tubes. Vacuum tubes were employed in the earliest generation of electronic computers, which were big, unreliable, and produced a lot of heat.

These second-generation computers used high-level assembly and programming languages like FORTRAN (Formula Translator) and COBOL for a variety of corporate and scientific tasks (Common Business Oriented Language). These computers frequently employed tape and magnetic discs for data storage.

The electronic era began with the invention of the transistor. Transistors' power was harnessed by humans, which resulted in the transistor radio, electronic circuits, and the first computers. Long distance communication became increasingly effective in this era.

Hence, The given statement is true.

To learn more about commercial computers refer to:

brainly.com/question/21474169

#SPJ4

3 0
2 years ago
How much do I need to retire? Here are your assumptions. You are 30. You will retire when you are 65. You want $40,000 a year wh
Fynjy0 [20]

Answer:

The amount to be saved at the age of 65 is $1940755.74

Explanation:

To calculate the amount needed at 65 including inflation = 40000 * 1.0336 = 115931.13

Present Value of Growing Annuity = PMT / (r-g) [ 1 - {(1+g)/(1+r)}n ]

= 115931.13 / (0.045 - 0.03) [ 1 - (1.03/1.045)20 ]

= 7728742.2 * 0.2511089

= 1940755.74

3 0
4 years ago
Alison Jacobs (single) purchased a home in Las Vegas. Nevada for $400,000. She moved into the home on September 1, year O. She l
Mrac [35]

Answer:

$3,750

Explanation:

Capital Gain tax is paid on the sale property value. According to tax rule if you sale your residence building the first $250,000 is exempt from the tax and the amount above this value will be taxed using rate of 15%.

Total Amount of Gain = $275,000

Amount Exempted = $250,000

Taxable value = $275,000 - $250,000 = $25,000

Tax value = $25,000 x 15%= $3,750

3 0
4 years ago
Assume the following information concerning two stocks that make up an index. What is the value-weighted return for the index? (
tatuchka [14]

Answer:

8.54%

Explanation:

Current Index value:

= [current total market value of index stocks] ÷ [Base year total market value of index stocks] × Base year index value

= [(69 × 35000) + (122 × 32500)] ÷ [(63 × 35000) + (113 × 32500)] × 100

= 108.54

Return in percent:

= ( 108.54 - 100 ) ÷ 100

= 8.54%

Therefore, the value-weighted return for the index is 8.54%.

8 0
3 years ago
Zwick company bought 28,000 shares of the voting common stock of handy corporation in january 2018. in december, handy announced
OLEGan [10]

Answer:

Zwick company's dividend revenue from Handy corporation in December 2018 would be = $280,000

Explanation:

Since Zwick company has bought 28,000 shares of Handy Corp. and Handy has announced a cash dividend of $10 per share. We will calculate Zwick company's dividend revenue would be,

Dividend revenue = ownership shares x dividend per share

Dividend revenue = 28,000 shares x $10 per share = $280,000

5 0
3 years ago
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