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Vikki [24]
2 years ago
6

Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value beca

use of technological changes. An entry to record the impairment should A. recognize additional depreciation expense for the period. B. include a credit to the equipment account. C. include a credit to the equipment accumulated depreciation account. D. not be made if the equipment is still being used.
Business
1 answer:
Alla [95]2 years ago
7 0

Answer:

C. include a credit to the equipment accumulated depreciation account.

Explanation:

Since Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should include a credit to the equipment accumulated depreciation account.

In Accounting, Depreciation can be defined as the decrease in the value of an asset (factory equipment, logistics tools etc) as a result of wear or tear, within a specific period of time. Depreciation is used for the allocation of cost to tangible assets with respect to its life expentency or within its useful life.

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Expansionary monetary policy is usually has real expansionary short-run effects. as prices adjust, the long-run impact of?
denpristay [2]

Expansionary monetary policy is usually has real expansionary short-run effects. as prices adjust, the long-run impact of inflationary effect.

Expansionary or known as  loose policy is a form of macroeconomic policy that seeks to encourage economic growth. Expansionary policy might consist of either monetary policy or it can be  fiscal policy or it can be the combination of the two.

It is a part of the general policy prescription of Keynesian economics which is  to be used during economic slowdowns as well as the recessions in order to moderate the downside of economic cycles.

Expansionary policy can involve significant costs as well as the risks which includes macroeconomic or microeconomic, and political economy issues.

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4 0
1 year ago
Dave brags to his dad that his $45,000 starting salary as a computer programmer is much higher than his dad's $28,000 starting s
ivanzaharov [21]

Answer:

Option C Incorrect; adjusting for price changes, his salary is less than his dad's salary  

Explanation:

Adjustment to price changes = (Amount received n years ago divided by Price Index n years ago) * Price Index today

Adjustment To price changes = ($28,000 / 110.8) * 180.5 = $45613.7

The amount $28,000 is worth $45,613.7 in todays value which means that if we adjust for price changes, Dave is incorrect because his salary is worth less by an amount $613.7 from his father's salary.

6 0
3 years ago
Read 2 more answers
The government provides ______
Harrizon [31]
Unemployment insurance
6 0
3 years ago
A sporting goods manufacturer budgets production of 45,000 pairs of ski boots in the first quarter and 30,000 pairs in the secon
Alexandra [31]

Answer:

The budgeted materials need in kg. in the first quarter is 90,000 kg

Explanation:

For computing the budgeted material needed in the first quarter, first we have to calculate the consumption of first and second quarters separately, so that we can arrive to a solution.

The consumption of first quarter = Budgeted production × required kg

                                                   = 45,000 × 2

                                                   = 90,000 kg

The consumption of second quarter = Budgeted production × required kg

                                                   = 30,000 × 2

                                                   = 60,000 kg

The ending raw material inventory = 30% of second quarter

                                                      = 30% × 60,000

                                                      = 18,000 kg

Now put the formula to find out the purchase amount. The formula is shown below:

Raw material consumption = Opening raw material inventory + purchase of raw material - ending raw material inventory

where,

beginning inventory = 18,000 kg

90,000 = 18,000 + purchase - 18,000

So, the purchase is 90,000 kg

The question has asked the amount in kg so cost per kg is irrelevant.

Hence, the budgeted materials need in kg. in the first quarter is 90,000 kg

3 0
3 years ago
In product development, what are "specifications"?
mario62 [17]

Answer:

the answer is A. Statements of what the product will be like

Explanation:

hope this helps <3 xoxo :)

5 0
2 years ago
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