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damaskus [11]
3 years ago
14

Newman Co. purchased CNC router cutting and engraving machinery at a cost of $320,000 in January 2019. The company’s estimated u

seful life of this high tech equipment is 5 years, and the estimated salvage value is $48,000. Using the straight-line method, the depreciation expense to be recognized for 2019, the first year of the machinery’s life, would be:
Business
1 answer:
guajiro [1.7K]3 years ago
4 0

Answer:

The depreciation expense to be recognized for 2019 is $54,400

Explanation:

The company uses straight-line depreciation method, Depreciation Expense each year is calculated by following formula:  

Annual Depreciation Expense = (Cost of equipment − Salvage Value )/Useful Life

The high tech equipment was purchased at a cost of $320,000 and has estimated useful life of 5 years, the salvage value of $48,000.

Annual Depreciation Expense = ($320,000 - $48,000)/5 = $54,400

Newman Co. purchased the equipment in January 2019.

The depreciation expense to be recognized for 2019 is $54,400

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Calculate the payback period for the following investment: Invest ($10,000). Cash flows in Yr1: 1,000; Yr2: 3,000; Yr3: 3,000; Y
mihalych1998 [28]

Answer:

4 years

Explanation:

The computation of the payback period is shown below:

In the payback, we analyze in how many years the invested amount is recovered

In year 0 = -$10,000

In year 1 = $1,000

In year 2 = $3,000

In year 3 = $3,000

In year 4 = $3,000

In year 5 = $100,000

In year 6 = $250,000

If we sum the first 4 year cash inflows than it would be $10,000

And, the initial investment is also $10,000

So, in 4 years, the investment amount is recovered

8 0
3 years ago
The holder of a promotional permit may:
elena-14-01-66 [18.8K]
<h3>The holder of a promotional permit may: <u>participate in activities by promoting alcoholic sale </u></h3>

<h3>Further explanation </h3>

According to Promotional Permits of Texas Alcoholic Beverage Commission in 2005, there are new promotional permit created to allow a person to promote the alcoholic beverage sale for people who manufactures alcoholic beverages, on the premises of permit hold.

According to Alcoholic Beverage Code, Chapter 50 about promotional permit and Sec. 50.001 it is stated that:

<em>The holder of a promotional permit may, on behalf of a distiller, brewer, rectifier, manufacturer, winery, or wine bottler with whom the promotional permit holder has entered into a contract for the purposes of this chapter, engage in activities to promote and enhance the sale of an alcoholic beverage in this state, including activities that take place on the premises of the holder of a permit or license under this code.</em>

Therefore, the holder of a promotional permit may: <u>participate in activities by promoting alcoholic sale </u>

<h3>Learn more</h3>

1. Learn more about promotional permit : brainly.com/question/4482110

2. Learn more about sale of alcoholic beverages in the United States : brainly.com/question/2749448

3. Learn more about alcoholic beverages authorization brainly.com/question/2445456

<h3>Answer details</h3>

Grade:  9

Subject: business

Chapter:  promotional permit

Keywords:  promotional permit

5 0
4 years ago
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1.Marketing Myopia occurs when the company focuses on the product more than necessary to deliver a certain product. 
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True , true, false, true ,false,false,true,false
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3 years ago
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If a good that generates positive externalities were produced and priced to take into account these spillover benefits, then its
Morgarella [4.7K]

If a good that generates positive externalities were produced and priced to take into account these spillover benefits, then its: price and output would increase.

Definition of Positive Externality: this happens when the consumption or production of a decent causes a benefit to a 3rd party. For example: once you consume education you get a non-public benefit. But there also are benefits to the remainder of society.

When a positive externality is present, the market produces the socially optimal quantity of the great or service, since there's a benefit to society that's not captured by the individual.

When products that make positive externalities are produced, at the market equilibrium output, the social benefit Positive Externality generated by consuming the merchandise exceeds the private benefit. A. people that sleep in one country have the benefit of the assembly of an honest or service that happens in another country.

This occurs when the assembly of an honest person causes a 3rd party benefit. As a result there's a Positive Externality nonstop benefit where the assembly of an honest or service positively impacts a 3rd party. The benefit to the individual or firm is a smaller amount than the benefit to society.

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3 0
2 years ago
A pay structure in which more efficient workers earn higher wages, as suggested by frederick w. taylor, is known as a(n) _______
Flura [38]

A pay structure in which more efficient workers earn higher wages, as suggested by Frederick w. Taylor, is known as a<u> Differential Rate</u> system.

<h3>What are wages?</h3>

A wage is a payment made to employees for the time they put in working for their employer. Always depending on a specific period of time, wages are paid. On an hourly basis, typically. This is the origin of the phrase hourly worker. Salary and commissions are some more types of payment.

Pay for lower-level employees is determined by the number of hours worked. To record the number of hours worked each week, this personnel typically use a time sheet or time card. To keep track of hourly employee hours, the majority of modern firms use computerized systems.

To enter their hours worked, employees must log in and out of the system. Then, this personnel are paid either once a week or once every other week, depending on the state. If an hourly worker works more than 40 hours per week, they must be compensated for overtime.

In contrast to salaries, commissions are permissible for workers who are paid wages. Payment for a certain action is known as a commission. The sales sector is where commissions are most frequently encountered. When making sales, salespeople and saleswomen are frequently given a base salary as well as a commission.

Thus, This is a strategy used by businesses to motivate their sales employees to perform better on the sales floor while still paying them a low salary.

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Complete Question

A pay structure in which more efficient workers earn higher wages, as suggested by Frederick W. Taylor, is known as a(n) _____ system.

A. scale

B. increasing wage

C. differential rate

D. wide wage

E. merited pay

5 0
2 years ago
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