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AleksAgata [21]
3 years ago
12

On January 2, Dice Co. purchases a mixing machine for $25,500. The machine is expected to last four years and has a salvage valu

e of $5,500.
Assuming the company uses the straight-line method, depreciation expense should be $____ per year.
Business
1 answer:
Leviafan [203]3 years ago
8 0

Answer:

The answer is $5,000

Explanation:

The formula for depreciation using the straight-line method is:

(Cost of asset - residual(salvage value) ÷ useful life.

Cost of the asset is $25,500

Salvage value is $5,500

Useful live of the asset is 4 years

($25,500 - $5,500) ÷ 4

$20,000 ÷ 4

= $5,000

Therefore, depreciation expense for the year is $5,000

You might be interested in
Sales $200,000 Net income 100,000 Depreciation 20,000 Interest 10,000 Taxes 5,000 What is the company’s operating profit margin?
WITCHER [35]

Answer:

57.5%

Explanation:

Data Provided:

Total Sales =  $ 200,000

The net income = $ 100,000

Depreciation = $ 20,000

Interest = $ 10,000

Taxes = $ 5,000

Now,

the operating profit is the from the income before the taxes and interest. Thus,

the interest and taxes will be included in the net income for the operating profit

therefore,

The operating profit = income + Interest + Taxes

or

The operating profit = $ 100,000 + $ 10,000 + $ 5,000 = $ 115,000

Now,

the operating profit margin = ( Operating profit / Sales ) × 100

or

= ( $ 115,000 / $200,000 ) × 100 = 57.5%

3 0
3 years ago
In what positive and negative ways has the Internet changed the conduct and coordination of global business?
Whitepunk [10]

Answer: Positive ways; Barriers in connecting is slightly no more, Negative ways; Increase in fraud and cyber theft

Explanation:

The internet has changed the conduct and cordination of global business in many ways both positively and negatively. Considering the positive ways

Positive Ways: Barriers in connecting is slightly no more: connecting to one another has been made easy to do business recently, people in continents can carry out a transaction and a trade under minutes of interaction and get the goods and services exchanged among each other immediately.

Negative ways; Increase in fraud and cyber theft; despite the swift nature of doing business now, it has also Increased fraud as some people disguise themselves to be traders and businessmen just to collect people's money.

7 0
2 years ago
1. Spring Fresh produces premium bottled water. Fresh Spring purchases artesian​ water, stores the water in large​ tanks, and th
allochka39001 [22]

Answer:

A. $45,950

B. $0.84 per liter.

Explanation:

A. February conversion costs in the Filtration Department:

= Direct labor costs(Wages of workers operating filtration equipment) + Manufacturing overhead allocated to filtration

= $25,950 + $20,000

= $45,950

B. Filtration Department completely processed 150,000 liters in February.

Total cost incurred:

= Direct labor costs + Manufacturing overhead allocated to filtration + Water

= $25,950 + $20,000 + $80,000

= $125,950

Filtration cost per liter:

= Total cost incurred ÷ Total units processed

= $125,950 ÷ 150,000

= $0.84 per liter.

7 0
3 years ago
Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund wa
Salsk061 [2.6K]

Answer:

c. A credit to Cash of $272.75.

Explanation:

These transactions can be explained with the help of T- Account .

<h2><u>          Cash             </u></h2><h3><u>Debit                   Credit   </u></h3>

                         Bal $ 500

Freight $61

Shipping

Charges  $ 85

Supplies  $ 50

Donation  $ 69

Suspense   7.75

<u>Fund     $ 227.25                     </u>

                        Fund   $ 227.25

<u>               Reimbursement </u><u> $272.75</u>

<u>                                             $ 500   </u>

<u />

<em><u>As there is shortage of $ 272.25 in the amount of $ 500 the petty cash will be reimbursed with this amount.</u></em>

<em><u>An amount of $ 7.75 is short  which is dealt in suspense account and reimbursed with the amount falling short.</u></em>

5 0
3 years ago
On January 1 of this year, Houston Company issued a bond with a face value of $ 10,000 and a coupon rate of 5 percent. The bond
denis-greek [22]

A bond amortization schedule for all three years of the bond's life

principal     10,000      

 interest paid    500      

             

             

 principal use PV of $1 at 4% for 3 years      

             

 10000 * 0.889   = 8890    

             

             

 for interest use PV of an ordinary annuity      

             

 500 * 2.77509  = 1388    

 Issue price of bonds      10278    

             

           

2) 31-Dec   Year 1 Year 2      

             

 interest expense 411 408      

 bond liability  10189 10096  

Learn more about bonds here brainly.com/question/25965295

#SPJ4

7 0
1 year ago
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