1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergey [27]
3 years ago
9

Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: (Do not round intermediat

e calculations)Estimates: Machine Life Residual Value Depreciation Method A 5 years $300 Straight-line B 10,000 hours 1,000 Units-of-production C 6 years 900 Double-declining-balanceTIP: Remember that the formula for double-declining-balance uses cost minus accumulated depreciation (not residual value).Required:Record the depreciation expense for the three used machines at the end of year 1.
Business
1 answer:
vampirchik [111]3 years ago
4 0
Try adding the first two numbers together then divide
You might be interested in
If the investment demand curve is vertical, a decrease in the interest rate will __________ investment, and therefore aggregate
Bezzdna [24]

Answer:

No effect, remain unchanged

Explanation:

The demand curve which is vertical, it means that the demanded quantity will remain the same, irrespective of the change in the price. In short, when price will increase, the quantity demanded will not be effected, whereas when price decrease then also the quantity demanded will not be effected or change.

So, if the demand curve of the investment is vertical, then the decrease in the rate of the interest will no effect the investment and the aggregate or total demand will also be remain unchanged as there is no effect on investment.

7 0
3 years ago
The sum of the fixed and variable production costs is a company’s
elena-s [515]
<h2>Hello!</h2>

The answer is: d. total costs

<h2>Why?</h2>

The total costs are the sum of all the costs needed to produce a good or a service. It includes both fixed and variable production costs to show us the measure of a total cost.

We can calculate the total costs using the following formula:

TotalCosts(TC)=FixedCosts(FC)+VariableCosts(VC)

Fixed costs are all the constant costs. Fixed costs can be the salary of its workers (since they are based in hours worked), structure and good/actives insurance, taxes among others.

Variable costs are all the costs that can change thru the time, depending on the production volume. For example, if the production increases, the variable costs will increase too, also, if the production decreases, the variable costs will decrease too.

Have a nice day!

6 0
3 years ago
Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost
arsen [322]

Answer:

A.Dr Materials 504,800

Cr Account payable 504,800

B.Dr Work in process 487,300

Dr Factory overhead 4500

Cr Materials 491,800

C.Fabric Ployester filling Lumber Glue

$29,400 $16,100 $30,400 $6,500

Explanation:

Entries for Materials Kingsford Furnishings

a) Journal entry

Fabric $96,600

Polyester filling 134,300

Lumber 264,700

Glue 9,200

Total 504,800

Dr Materials 504,800

Cr Account payable 504,800

b) Journal entry

Dr Work in process 487,300

(491,800-4500)

Dr Factory overhead 4500

Cr Materials 491,800

c) Calculation of the ending balance

Fabric Ployester filling Lumber Glue

Beginning balance

$19,100 5,700 42,800 1,800

Purchase

$96,600 134,300 264,700 9,200

Used

-$86,300 -$123,900 -$277,100 -$4,500

Ending balance

$29,400 $16,100 $30,400 $6,500

3 0
3 years ago
When Heavenly Cookies prices its sugar cookies at $1.00, they sell 75 cookies. They lowered the price to $0.50 and sold 200 cook
Serga [27]

Answer: Total Revenue is $100 and the price elasticity is 0.4

Explanation: total revenue is computed as Price * Quantity

$0.5 * 200= $100

Elasticity is the degree of responsiveness of quantity demanded to a change in price.

Old price $1

New price $0.5

Old quantity 75

New quantity 200

Formula- % change in quantity demanded / % change in pride

NB change is (old-new)

Change in Qd= (75-200) / 75 =-1.67

Change in price=(1-0.5)/1=0.5

-1.67/0.5= -3.34

The negative is ignored in price elasticity and the answer is 3.34 which means the product is Elastic

4 0
3 years ago
Minimizing Inventory. An electronics store sells 100 digital storage devices per year. It costs $18 to store one storage device
jarptica [38.1K]

Answer:

Expl one year. To reorder, there is a fixed cost of $36, plus $11 for each storage device.anaMinimizing Inventory. An electronics store sells 100 digital storage devices per year. It costs $18 to store one storage device for one year. To reorder, there is a fixed cost of $36,tion:

4 0
2 years ago
Other questions:
  • The units of an item available for sale during the year were as follows: Jan. 1 Inventory 20 units at $360 $ 7,200 Aug. 13 Purch
    7·1 answer
  • Although people across generations tend to have different experiences and develop different tastes, they tend to share important
    6·1 answer
  • Patten, in the article "Malawi Versus the World Bank," notes that the goal of the World Bank and IMF is to loan poor countries m
    5·1 answer
  • A $1,000 par value bond was issued 25 years ago at a 12 percent coupon rate. It currently has 15 years remaining to maturity. In
    11·2 answers
  • Among the advantages of cycle counting is that it: allows more rapid identification of errors and consequent remedial action tha
    6·1 answer
  • You are evaluating a growing perpetuity investment from a large financial services firm. The investment promises an initial paym
    13·1 answer
  • Shirley adds $2,000 to her savings on the last day of each year. Shawn adds $2,000 to his savings on the first day of each year.
    7·1 answer
  • Outsourcing of jobs from large corporations to domestic subcontractors has been one reason job have been become more insecure in
    8·2 answers
  • What is the mindtap learning path most similar to?.
    5·1 answer
  • Which of the following is an Internet job search “don’t”?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!