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lakkis [162]
3 years ago
11

Jay Hawk, maintenance supervisor for Boston Insurance Co., has purchased a riding lawnmower and accessories to be used in mainta

ining the grounds around corporate headquarters. He has sent the following information to the accounting department. Cost of mower and Date purchased 7/1/12 accessories $4,000 Monthly salary of Estimated useful life 5 yrs groundskeeper $1,100 Salvage value $0 Estimated annual fuel cost $150 Compute the amount of depreciation expense (related to the mower and accessories) that should be reported on Boston's December 31, 2012, income statement. Assume straight-line depreciation.
Business
1 answer:
vodka [1.7K]3 years ago
6 0

Answer:

The depreciation will be for 400

Explanation:

4,000 acquired on 7/01/12

At December 31th we will do depreciation for the 6 month in the company's possession.

purchase cost / useful life

4,000/5 = 800 per year

Then 800 / 12 months = 66.67 per month

Then, we multiply by 6 months: 66.67 x 6 = 399.99 = 400

This will be the depreciation expense for the half year.

The salary for the employee and the annual maintenance cost are not depreciation for the machine. The accesories do, as they improve the machine conditions to generate cash.

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A business maintains subsidiary accounts for each of its customers. on may 15, the business sells services on account: $2,500 to
Andreyy89
A number that can be added but idk do u know because im bored and have home work and all fs so i need help im home schooled


7 0
3 years ago
Flow Company has provided the following information for the year ended December 31, 2019: • Cash paid for interest, $20,000 • Ca
Natasha2012 [34]

Answer:

A net inflow of $49,000.

Explanation:

The Cash flow from Financing Activities section shows the cash resulting from sourcing finance and repayments thereoff.

Cash flow from Financing Activities

Cash paid for dividends                                            ($6,000)

Cash proceeds from bank loan                               $29,000

Cash purchase of treasury stock                             ($11,000)

Cash received from issuance of common stock    $37,000

Net Cash from Financing Activities                         $49,000

therefore,

The result from Financing Activities shows a net inflow of $49,000.

7 0
3 years ago
- Consider the market for grapes. An increase in the wage paid to grape pickers will cause the:
kakasveta [241]

Answer:

d- supply curve for grapes to shift to the left, resulting in a higher equilibrium price for grapes and a decrease in the quantity consumed.

Explanation:

supply curve for grapes to shift to the left, resulting in a higher equilibrium price for grapes and a decrease in the quantity consumed. An increase in the price of factors of production leads to a supply contraction. When the supply is contracted, the graph moves towards top to the left. Businesses have limited capital and when the wage rates increase it would lead to higher amount paid to workers and lower amount left to purchase raw materials, to spend on advertising, etc. This whole phenomenon leads to a decrease in supply ,obviously an increase in the price of the good and a decrease in the quantity consumed

6 0
3 years ago
A​ check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks
aliina [53]

Answer:

A. Forecast for July = 42.

B. Forecast for August = 42.45

C. Because of seasonality in the banking industry.

Explanation:

A. Forecast for July = Forecast for June + Smoothing constant x (Forecasting error)

                                 = 42 + 0.15 (42-42) = 42

B. Forecast for August = Forecast for July + 0.15 (Forecasting error)

                                      = 42 + 0.15 (45-42) = 42.45

C. Because there is a great deal of seasonality in the processing requirements of banking industry, this forecasting method (exponential smoothing) might not be appropriate for this situation.

5 0
3 years ago
Which market segmentation dimension describes consumers by the groups with which they associate?
Ilia_Sergeevich [38]

Answer:

d. psychographics​

Explanation:

Psychographic segmentation involves the classification of customers based on their personality traits, lifestyles,  interests, values, and attitudes. Consumers with similar traits tend to have comparable purchasing behavior. Marketers identify the needs of customers with shared traits and target them with products and services that they are likely to buy.

People with similar interests are likely to belong to associations or clubs. For example sportsmen and women are likely to join a sports club. Marketers will carry out promotions in the clubs and associations to targets specific groups of customers.

5 0
3 years ago
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