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mrs_skeptik [129]
3 years ago
14

Company purchased equipment on January​ 1, 2017 for $ 600 comma 000. The residual value is $ 60 comma 000 and the estimated usef

ul life is 10 years. What is the Depreciation Expense for the year ending December​ 31, 2017, if the company uses the​ straight-line method?
Business
1 answer:
ale4655 [162]3 years ago
3 0

Answer:

$54,000

Explanation:

For computation of Depreciation Expense for the year ending 31 Dec first we need to compute the depreciation under straight line method for the year which is shown below:-

Depreciation under straight line method for the year = (Cost - Residual value) ÷ Estimated useful life

= ($600,000 - $60,000) ÷ 10

= $540,000 ÷ 10

= $54,000

Depreciation expenses = (Depreciation under straight line method for the year ÷ 12) × From Jan 1 to Dec 31

= ($54,000 ÷ 12) × 12

= $4,500 × 12

= $54,000

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Can a trend serve as a business opportunity?<br> A.)True<br> B.)False
Anarel [89]

Answer:

A. True

Explanation:

It can hop on the trend to seem appealing. Ex: in the early 2000s, crop tops where a trend, so businesses where all making shirts that are crop tops so people would buy them.

8 0
1 year ago
The Armstrong Corporation developed a flexible budget for its production process. Armstrong budgeted to use 10 comma 000 pounds
KIM [24]

Answer:

$192,000 unfavorable

Explanation:

The computation of the material price variance is shown below:

= Actual Quantity × (Standard Price - Actual Price)

= 24,000 pounds × ($15 per pound - $23 per pound)

= 24,000 pounds × $8 per pound

= $192,000 unfavorable

Simply we take the difference between the standard price and the actual price and then multiplied it by the actual quantity so that the accurate price variance could come

4 0
3 years ago
Mayfield Company sells two products, Blue models and Plaid models. Blue models sell for $43 per unit with variable costs of $30
alekssr [168]

Answer:

Break-even point in total units=  951.7units

Explanation:

<em>Break-even point is the level of activity at which a firm must operate such that its total revenue will equal its total costs. At this point, the company makes no profit or loss</em>.

It is calculated using this formula:

<em>Break-even point (in units) = Fixed cost/ average contribution per unit</em>

                                                          <em>  Blue                          Plaid</em>

Contribution per unit                43-30 = 13                   52-45 = 7

<em>Average contribution per unit </em>

= ( (13× 4) + (7×5) )/9

= $ 9.66 per unit

<em>Break-even point in total units</em>

= $9200/$ 9.66

= 951.7units

Break-even point in total units= 951.7units

           

6 0
3 years ago
Realizing that it was time to invest in an updated information system, a young ceo made the following announcement in his weekly
Alexeev081 [22]
I had to look for the options and here is my answer:

Based on the given scenario above regarding the changes that a young CEO made in his company, which resulted in the poor interpretation among his employees, the progressive companies at present would now incorporate strategies that continuously adapt a FORMAL AND INFORMATION ORGANIZATION THAT AIDS IN CHANGES.
5 0
3 years ago
What method for improving strategic decision making involves having a separate team or individual carefully analyze and critique
Debora [2.8K]

The method for improving strategic decision making involves having a separate team or individual carefully analyze and critique the underlying assumptions and potential downsides of a proposed course of action is called as Devils Advocacy.

<h3>What is Devils Advocacy?</h3>

Devils Advocacy refers to the method in which the person provokes the other person to have arguments and debate with the other. It is done to test the other person strength to make the strong arguments.

It can be done for the right decision when to correct the thinking of the other person also to have the racial approach to the situation.

Learn more about Strategic decision Making here:

brainly.com/question/5803344

#SPJ1

6 0
2 years ago
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