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
Fofino [41]
3 years ago
13

Jim Company bought a machine for $36,000 with an estimated life of 5 years. The residual value of the machine is $6,000. This ma

chine is expected to produce 120,000 units. In year 1, it produced 19,000 units, and in year 2, 38,000 units. Assuming the units-of-production method, calculate the first 2 years’ depreciation.
Business
1 answer:
lara31 [8.8K]3 years ago
6 0

Answer:

Year 1 $4,750

Year 2 $9,500

Explanation:

Calculation for the first 2 years' depreciation

Since we were told that in year 1 it produced 19,000 units which means that the depreciation will be calculated as :

Year 1 Depreciation =19,000 units÷4 years

Year 1 Depreciation=$4,750

Calculation for Year 2 Depreciation

Since we were told that in year 2, 38,000 units was produce which means that the Depreciation will be calculated as :

Year 2 Depreciation =19,000 units÷2 years

Year 2 Depreciation =$9,500

Therefore Year 1 depreciation will be $4,750 while Year 2 depreciation will be $9,500.

You might be interested in
A ____ illustrates the logical steps in a process but does not show data elements and associations.
posledela

Answer:

The correct answer to the following question will be "Flowchart".

Explanation:

A flowchart is some kind of diagram representing a process or workflow. You can also define a flowchart as a diagrammatic recognition of a dataset, a move-by-step strategy to resolving a task. The flowchart displays the phases as different types of boxes, or their sequence by linking the boxes to arrows.

Most common forms of flowchart include:

  • Process flowchart.
  • Swimlane Flowchart.
  • Workflow Diagram.
  • Data Flow Diagram.

Every flow chart deals with one specific system or process. They are an important instrument for process improvement. They support project teams to recognize the different components of a process by providing graphical representation and understand the interconnections between the different steps.

Therefore, Flowchart is the right answer.

8 0
3 years ago
Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago reported ending inventory at August 29, 2
Ad libitum [116K]

Answer:

Winnebago Industries' ending inventory have been if it had used FIFO is $77,196,000

Explanation:

The computation of the ending inventory under FIFO method is shown below:

= Ending inventory under LIFO inventory method  + LIFO reserve

= $46,850,000 + $30,346,000

= $77,196,000

For determining the ending inventory under the FIFO method, we added the ending inventory under the LIFO method and LIFO reserve so that accurate value can come.

7 0
3 years ago
Present value of dividends: Fresno Corp. is a fast-growing company whose management expects it to grow at a rate of 30 percent o
klasskru [66]

Answer:

Explanation:

Dividends through year 1 to 5:

D1 = 2.15*(1+0.30)^1 = 2.80

D2 = 2.15*(1+0.30)^2 = 3.63

D3 = 2.15*(1+0.30)^2 * (1+0.18)^1 = 4.29

D4 = 2.15*(1+0.30)^2 * (1+0.18)^2 = 8.58

D5 = 2.15*(1+0.30)^2 * (1+0.18)^3 = 12.86

PV (D1) = 2.80

PV (D2) = 3.63 *PVIF = 3.63 * 0.87719 = 3.19

PV (D3) = 4.29 * 0.76947 = 3.30

PV (D4) = 8.58 * 0.67497 = 5.79

PV (D5) = 12.86 * 0.59208 = 7.62

Total of all PV's = 22.69

4 0
3 years ago
For the past 15 years you have been depositing $700 per month in the PIMCO bond fund, and you have now transferred your current
madam [21]

Answer:

To determine the total amount of money that I will have in my account at the time of my retirement, we must consider the total amount paid into the PIMCO account during the last 15 years, and add to this value the potential amount to be paid in the next 20 years in the Vanguard account.

Thus, during the previous 15 years, I have deposited 700 dollars per month in my PIMCO account, with which I have a cumulative total of $ 126,000 (700x12x15). Also, I will potentially deposit another $ 168,000 (700x12x20) in the Vanguard account for the next 20 years.

Therefore, over the 35 years of savings, once the time has come to retire, I will have $ 294,000 in my retirement investment.

7 0
3 years ago
AudioCables, Inc., is currently manufacturing an adapter that has a variable cost of $0.50 per unit and a selling price of $1.40
Sedaia [141]

Answer: Yes. AudioCable should buy a new equipment

Explanation:

Audiocables Inc. without new equipment:

Selling price: $1.40

Variable cost: $0.50

Fixed cost: $14,000

Sales: 30000 units

Total cost = Fixed cost + Variable cost

= $14000 + ($0.50 × 30000)

= $14000 + $15000

= $29000

Revenue = Sales × Selling price

= 30000 × $1.40

= $42000

Profit = Revenue - Total Cost

= $42000 - $29000

= $13000

Audiocables Inc. with new equipment:

Selling price: $1.40

Variable cost: $0.60

Fixed cost: $14,000 + $6000 = $20000

Sales: 50000 units

Total cost = Fixed cost + Variable cost

= $20000 + ($0.60 × 50000)

= $20000 + $30000

= $50000

Revenue = Sales × Selling price

= 50000 × $1.40

= $70000

Profit = Revenue - Total Cost

= $70000 - $50000

= $20000

From the calculations made, AudioCable buy a new equipment as profit generated is more.

5 0
3 years ago
Other questions:
  • Bonds are issued on June 1 that have interest payment dates of April 1 and October 1. Bond interest expense for the year ended D
    12·1 answer
  • Nick contracts for the sale of this year's strawberry crop to Phoenix, with payment to go to Rural Cooperative Association. The
    11·1 answer
  • Which type of manager would most likely be responsible for researching customers’ purchasing habits?
    6·2 answers
  • Which idea forms the basis of double-entry accounting?
    9·1 answer
  • 1. Capital budgeting decisions are used to determine how to raise the cash necessary for investments. a.True b. False 2. A firm
    12·1 answer
  • Interorganizational systems are examples of _____.
    5·1 answer
  • The owner of a large manufacturing plant pays the base rate of $11.24 per $100 in wages paid for workers’ compensation insurance
    9·2 answers
  • Sales $ 100,000 Operating expenses $ 94,000 Operating assets $ 40,000 Stockholder's equity $ 25,000 Cost of capital 10 % What is
    13·1 answer
  • You need to have $32,250 in 9 years. You can earn an annual interest rate of 4 percent for the first 5 years, and 4.6 percent fo
    13·1 answer
  • Sutton is a partner of RST Partnership. RST distributed $3,000 cash and a building with an adjusted basis of $10,000 and a fair
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!