Answer: b. the minor's parents or guardians are responsible
The minor's parents or guardians are responsible for the financial consequences of a minor's driving, whether the minor has a license or not. It is a law under a legal concept called "vicarious liability" imposed in most states in the U.S
Answer:
Dr Work in Process 574,000
Dr Manufacturing Overhead 163,000
Cr Wages Payable 737,000
Explanation:
Preparation of the journal entry to record the direct and indirect labor costs incurred during the year
Based on the information given the appropriate journal entry to record the direct and indirect labor costs incurred during the year will be :
Dr Work in Process 574,000
Dr Manufacturing Overhead 163,000
Cr Wages Payable 737,000
(574,000+163,000)
(Being to record direct and indirect labor costs incurred )
Answer:
Net present value at 8%=($42510)
Explanation:
Explanation- Net present value = Present value of cash inflows – Total outflows
={(19000*6.7100) - $170000}
=$127490- $170000
= ($42510)
Annual net cash inflows = Net income+ Depreciation
= $4000+$15000
= $19000
Straight line Method:-
= Cost of asset- Salvage value of asset/No. of useful life (years)
=($170000-$20000)/10 years
=$150000/10 years = $15000
Net present value at 3%=($7926)
Explanation- Net present value = Present value of cash inflows – Total outflows
={(19000*8.5302) - $170000}
=$162074- $170000
= ($7926)
Annual net cash inflows = Net income+ Depreciation
= $4000+$15000
= $19000
Straight line Method:-
= Cost of asset- Salvage value of asset/No. of useful life (years)
=($170000-$20000)/10 years
=$150000/10 years = $15000
Answer:
You should make sure there are no more updates after that and if their are no more needed then you should be fine to just go on
Explanation:
