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Blizzard [7]
3 years ago
7

On January​ 1, 2018, Tyson Manufacturing Corporation purchased a machine for​ $40,000,000. Tyson's management expects to use the

machine for​ 33,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is​ $47,000. The machine was used for​ 4,000 hours in 2018 and​ 5,500 hours in 2019. What is the depreciation expense for 2018 if the corporation uses the​ units-of-production method of​ depreciation? (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.)
Business
1 answer:
enyata [817]3 years ago
5 0

Answer:

$4,842,800.00

Explanation:

Units-of-production depreciation method calculates the amount to be deprecation depending on the asset usage for that period.

In this case, the total hours the asset is expected to work.

Cost of machine $ 40,000,000.00

Salvage value : $ 47,000.00

total hours machine should work: 33,000.00

Depreciable amount: = Cost price- salvage value

    =$40,000,000.00-$47,000.00

    =$39,953,000.00

Depreciation per hour= $39,953,000.00/33000

    =1,210.6969

    =1,210.70

Depreciation for 2018     =1210.7x4000

    =$4,842,800.00

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Trust based on a person's competence would be summarized by this team member's affectionate statement towards another team membe
Maslowich

Answer:

The correct answer is:

I trust you to be able to accomplish this task (C)

Explanation:

First of all, you have to know the meaning of the word competence, and competence is a collection of related relevant abilities, know-how and skills required to act effectively on a job or situation. Which is a clear message passed by the speaker in the statement "I trust you to be able to accomplish this task", because the speaker knows that his team member possesses the right skills to carry out a task successfully.

The statement in option D ( "I trust you to do the right thing." ) also tells a little about competence because one of the definitions of competence highlights being sane, and one needs to be sane to do the right thing, but it is only second choice when compared to the statement in option "C".

Next time when you are faced with this kind of question, identify the keyword ( which in this case is competence), and use that to answer the question.

7 0
4 years ago
Samantha just won a settlement with an insurance company, which entitles her to receive payments of $20,000 at the beginning of
AnnyKZ [126]

Answer:

$226,711.90

Explanation:

See attached file

4 0
3 years ago
A good percentage to start with for saving is ________________ percent of your teaching income.
Alja [10]

A good percentage to start with for saving is. At least 20% percent of your teaching income

The term "revenue" generally refers to the transfer of money, property, and other value received over a period of time in exchange for services or products. There is no single standard definition. Income is defined according to the context in which the concept is used.

While individuals usually earn their income through wages or salaries, businesses generate income from the sale of goods or services in excess of their production costs. Most forms of income are subject to tax.

Learn more about income here

brainly.com/question/15530787

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6 0
2 years ago
The 2,000 employees working in Toyota's factory in France are an example of the ______ effect of FDI on employment, while the 2,
melisa1 [442]

Answer:

Direct;indirect.

Explanation:FDI(FOREIGN DIRECT INVESTMENT) This is a term used in an economy to describe the investments done in a given country by foreigners or foreign companies in this case the foreigners or their companies have control over the entity formed in that host nation,it is usually evaluated periodically to know what the value of such an investment is. Through Foreign direct investment direct jobs ( jobs directly connected to the new company like it's workforce) and indirect jobs( jobs not directly linked with the new company like those who make supply spares etc).

8 0
3 years ago
On August 2, 2013, Jun Co. receives a $6,000, 90-day, 12% note from customer Ryan Albany as payment on his $6,000 account.
vodka [1.7K]

Answer:

Aug 2 2013   Notes Receivable  6000 Dr

                           Accounts Receivable   6000 Cr

Oct 31 2013  Interest Receivable  180 Dr

                          Interest Revenue       180 Cr

Oct 31 2013  Cash                        6180 Dr

                         Notes Receivable      6000 Cr

                         Interest Receivable      180 Cr

         

Explanation:

When the note is received, the customer account will be closed and accounts receivable will be credited while a new asset of notes receivable will be created and notes receivable is debited.

The interest on notes receivable is calculated assuming a 360 day year and the 12% is annual interest rate.

The interest on note is 6000 * 0.12 * 90/360 = $180

The interest is income so wull be credited while as it is receivable, the interest receivable will be debited.

On 31 October when the note is honored and cash is received, it will be total of principal + interest so cash = 6000 + 180 = 6180

As a result, the assets notes and interest receivables will be closed and credited against cash.

8 0
4 years ago
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