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MAXImum [283]
3 years ago
11

On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $390,000 and accumulated depreciation of $78,00

0. During 2018, the company plans to purchase additional equipment costing $84,000 and expects depreciation expense of $32,000. Additionally, it plans to dispose of equipment that originally cost $44,000 and had accumulated depreciation of $6,000. The balances for equipment and accumulated depreciation, respectively, on the December 31, 2018 budgeted balance sheet are:
Business
1 answer:
ycow [4]3 years ago
7 0

Answer:

For equipment = $430,000

For accumulated depreciation = $104,000

Explanation:

The solution of balances for equipment and accumulated depreciation is shown below:-

balances for equipment and accumulated depreciation

Particulars              Equipment            Accumulated depreciation

Beginning balance $390,000            $78,000

Add:

Addition                   $84,000               $32,000

Less:

Disposition             ($44,000)              ($6,000)

Balance                  $430,000              $104,000

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DoorWay Computers, Inc., the trademark owner of "DoorWay," sought a court injunction to prevent Handyman Hardware, Inc. from usi
amid [387]

Answer:

False  

Explanation:

Because the injunction is the legal remedy that the special court's judge orders not the jury. The order enforce a party to do what must be done or refrains it from doing specific acts that harms the other party. So saying that Doorway sought the court injunction in which the jury decides the right course of action is incorrect because injunction is the warning of judge not of jury.

3 0
4 years ago
On January​ 1, 2018, the Prepaid Insurance account of​ Dogwood, Inc. had a beginning balance of $ 1,800. Three months of ins
miv72 [106K]

Answer:

B. False

Explanation:

Beginning balance

-Period of policy= expired 2 months

-Period of unexpired insurance = 1 month (Out of 3 month, Insurance premium for period "Jan 1 to Feb 28" is expired)

Amount in prepaid insurance insurance= $1800 * 1/3 = $600

Current balance

Period = "0" since period of coverage will start from 1 march

Period of unexpired insurance = 12

Amount in prepaid insurance = 4,100

Thus, Total amount in prepaid insurance for the beginning and Current period= $600 + $4,100 = $4,700

The amount in prepaid insurance is $4700, hence the balance as stipulated as Prepaid Insurance = $ 1,200 is false

6 0
4 years ago
Why do people enter into informal sectors?
Vaselesa [24]
To earn money and be a comfort zone
6 0
3 years ago
A. The Gini ratio is:
rusak2 [61]

Answer:

A. (a, the area between the diagonal line and the lorenz curve divided by the total area below the diagonal line)

B. (a, a perfectly unequal income distribution will have a Gini ration of 1.)

C. (a, more equal)

Explanation:

A. Gini ratio can be defined as the statistical determination of the wealth and income distribution among a country's populace.

It can also be called Gini coefficient or Gini index, and it is a measure of the inequality in income and wealth distribution.

The Gini ration is calculated by finding the difference between the Lorenz curve and the uniform distribution line, then divided by the total area under the uniform distribution line. A Gini ration of <0.2 is the perfect income equality.

B. Gini ratio cannot exceed 1 because a perfectly unequal income distribution will have a Gini ratio of 1. This means that the line of equality does not move irrespective of whether or not the Lorenz curve changes.

C. If the Gini ratio declines from 0.42 to 0.35, then that means that income has become more equal. Note that a Gini ratio of <0.2 signifies a perfect income distribution, slightly greater than 0.2 to ).35 signifies that income distribution is close to equality.

Cheers.

3 0
3 years ago
If workers do not believe that policymakers are serious about fighting inflation, they are most likely to push for higher wages,
vlabodo [156]

Answer:

decrease ; supply.

Explanation:

The decrease in supply creates an excess demand at the initial price.

Excess demand causes the price to rise and quantity demanded to decrease. Unemployment is also unavoidable.

5 0
4 years ago
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