Answer:
$70,100
Explanation:
The computation of the equipment recorded on a balance sheet is shown below:
= Purchase of new equipment + transportation cost + sales tax paid + installation cost
= $58,500 + $2,700 + $4,700 + $4,200
= $70,100
We simply added the above four items so that the recorded value of an equipment could come
Answer:
C.
Explanation:
If they had to pay more then the customer will have to pay more
HOPE THIS HELPS!!
Answer: 3.39
Explanation: Current ratio can be defined as a liquidity ratio which is used by the accountants the evaluate the ability of the company to pay its short term obligations. It can be computed as follows :-
where,
current assets = $38,500 + $100,000 + $90,500 + $126,000 + $13,100 = $368,100
current liabilities = $108,400
now putting the values into equation we get :-
= 3.39
Answer:
Opportunity costs.
Explanation:
Investing in stocks depicts Barney's opportunity cost of money.
The opportunity cost is the money or funds held up by an individual instead of investing it in other businesses or ventures to yield interests.
Answer:
Annual depreciation= $4,300
Explanation:
Giving the following information:
Purchasing price= $27,600
Salvage value= $1,800
Useful life= 6 years
To calculate the depreciation expense using the straight-line method, we need the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (27,600 - 1,800) / 6= $4,300
