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Keith_Richards [23]
3 years ago
11

Select the correct answer. Joshua bought a commercial truck for his business's operations in 2010. It cost him $30,000. Every ye

ar, its value has diminished. In 2014, the truck had an estimated market value of $25,000. Under which accounting head did Joshua's business record the difference of $5,000?
Business
1 answer:
Helen [10]3 years ago
5 0

Answer:

The answer is "market value account".

Explanation:

It is also known as market cap, which is used to determined by increasing the existing market price of the company's excellent stock. Its approximate value of the object was its selling value, based mostly on volume in cost by a buyer to the seller by Keeping track of the online accounting and finance app of your asset value and depreciation.

  • In determining the appropriate valuation based on open market standards a variety several factors are taken into account.  
  • One of the principal factors for the market price is because it provides a practical tool for eliminating uncertainty and insecurity and decide how a share price.
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The following cost data relate to the manufacturing activities of Chang Company during the just completed year:
Elza [17]

Answer:

Amount of underapplied or overapplied overhead cost for the year

$97000 - Underapplied

Schedule of cost of goods manufactured for the year

Direct Material                                3885000

Direct Labor                                      60000

Overheads                                       376000

Total Manufacturing Costs             4321000

Add Opening Inventory WIP           400000

Less Closing Inventory WIP            (700000)

Cost of Goods Manufactured         4021000

Explanation:

Amount of underapplied or overapplied overhead cost for the year

Underapplied or Overapplied overhead cost =Actual Overhead - Applied Overhead

$473000-$376000= $ 97000

Schedule of cost of goods manufactured for the year

<em>Direct Materials  Calculation  </em>                                  

Opening                                                      200000

Add Purchases                                         4000000

Available                                                    4200000

Less Closing Material                                 300000

Materials Consumed                                  3900000

Less Indirect Materials                                 15000

Direct Materials Consumed                       3885000

8 0
3 years ago
Read 2 more answers
Which practice in the 5s philosophy will help reduce waste related to waiting because of equipment downtime?
sladkih [1.3K]

Answer:

THE ANSWER IS SHINE

Explanation:

MARK BRAINLIST

7 0
4 years ago
Consider the market for $200 bonds. If the price of the bond is $175, what is the interest rate on bonds
Viefleur [7K]

Answer:

14.3%

Explanation:

Interest rate = (par value of the bond / price of the bond ) - 1

(200/175) - 1 = 0.143 = 14.3%

5 0
3 years ago
2. For the fiscal year of 2017, Excel Sports Inc. had a net income of $255,000 and paid out $51,000 as common dividend. Meanwhil
KatRina [158]

Answer:

$1,093,000

Explanation:

Given the above information, retained earnings in the balance sheet for 2016 would be computed as;

Beginning retained earnings + Net income - Dividends = Ending retained earnings

Fixing in the values, then we'll have

Beginning retained earnings + $255,000 - $51,000 = $1,297,000

Beginning retained earnings = $1,297,000 - $255,000 + $51,000

Beginning retained earnings = $1,093,000

It therefore means that the sum of $1,093,000 is the retained earnings in Excel Sports Inc. 2016 balance sheet.

7 0
3 years ago
Question 13
xxMikexx [17]

Answer:

A

Explanation:

the organization does not deal with environment

6 0
3 years ago
Read 2 more answers
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