Answer :
Net salvage value = $147,490
Explanation :
As per the data given in the question,
Cost of equipment = $287,600
Expire time = 2 years
Depreciation rate for first 2 years = 0.20, 0.32
Based on the above information, we need to do following calculations which are shown below:
Total accumulated depreciation of equipment = Cost × Accumulated depreciation rate
= $287,600 × (0.20 + 0.32)
= $149,552
Book value of equipment at the end of 2 years = Cost - Accumulated Depreciation of equipment
= $287,600 - $149,552
= $138,048
Selling price = $150,000
Capital gain on sale = Selling price - Book value
= $150,000 - $138,048
= $11,952
And Tax rate = 21%
So
Capital gain tax is
= $11,952 × 21%
= $2,509.92
= $2,510
Net salvage value = Selling price - Capital gain tax
= $150,000 - $2,510
= $147,490
Answer:
$0.6 per pounds
Explanation:
The computation of the standard unit materials cost per pound is shown below:-
Whole Tomatoes = 5,000 × $0.75
= $3,750
Vinegar = 350 × 0.90
= $315
Corn syrup = 40 × 7.50
= $300
Salt = 125 × 1.80
= $225
Total cost = Whole Tomatoes + Vinegar + Corn syrup + Salt
= $3750 + $315 + $300 + $225
= $4,590
Standard Unit Materials cost per pound = Total cost ÷ ketchup pounds
= $4,590 ÷ 7,650 pounds
= $0.6 per pounds
Answer: the correct answer is D. none of these answers is correct.
Explanation: A transfer price exists for accounting purposes when diverse divisions on a multy entity company are in charge of their own revenues.
False.A person's net worth statement shows a person's net worth based on assets and liabilities Done through:
Assets- money or items of value (car, house)
Liabilities- debts you owe (loans)
Answer:
Start keeping a budget
Explanation:
All of the financial guidance from experts won’t mean much if you don’t know where your money is going every month. Start tracking your spending and set up a budget using a simple spreadsheet or website apps.