Answer:
The loss on equipment recognized by Devin on its internal accounting records for 2017 is $9,000
Explanation:
By using the given information which is mentioned in the question, first we have to calculate the book value of equipment.
So, the book value of the equipment is equals to
= Cost price - accumulated depreciation
= $120,000 - $66,000
= $54,000
Now we can calculate the loss or gain on sale of equipment which is equals to
= Sale price - book value
= $45,000 - $54,000
= - $9,000
Since, the amount shows negative which means the company has suffered a loss of $9,000 on equipment
The other things like net income of 2017 and 2018 is irrelevant because it tells the net income of overall company not for equipment. So, it is not being considered while computation
Hence, the loss on equipment recognized by Devin on its internal accounting records for 2017 is $9,000
Given
$1.37 = share month
2.8 % increase
11.6 % returned
Find how much pay to purchase one share of this stock
$1.37 x 0.028 = 0.03836
$1.37+0.03836 = 1.40836
$<span>1.40836 x .116 = 0.16336976
$</span>1.40836+<span>0.16336976 = $1.57
The answer is $1.57 to purchase one share of this stock today.</span>
Answer:
One of the great dangers in allocating common fixed corporate costs is that such allocations can make a product line look less profitable than it really is.
Explanation:
Therefore, care must be exercised so that a product line is not eliminated because the common fixed costs have been allocated to it such that it becomes unprofitable. This is why it is necessary to identify activity cost pools into which such fixed costs can be accumulated and from which they can be allocated to product lines. Using ABC costing approach, for instance, offers a means of escape because the system tries to allocate costs based on the level of usage or consumption of such common costs by each product line instead of using arbitrary allocation formulas.
I think it is both A and B I coukd be wrong tho
Answer: $12,000
Explanation:
As no production has been started yet, no other costs have been incurred by Naples for the equipment other than the $12,000.
The lowest price that Tebit should offer therefore should be the price that the equipment was purchased for as the equipment has not not been used to produce anything and so has not incurred any variable costs or donated any incremental value that would decrease or increase its value.
