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Vikki [24]
3 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]3 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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A provider who directly treats a patient is called a direct provider.

<h3>Who is a Patient?</h3>

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Hence, we can see that in the case of the person that takes care of a patient and treats him directly, this person is known as a direct provider and is responsible for getting him to wellness.


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2 years ago
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What types of services would you expect to find at a neighborhood wellness center?
elixir [45]
Cancer screening , birth-control,  minor care, and checkups whill be the type of services that you could expect. Neighborhood wellness center provide some ways to improve all dimensions of your wellness, but it happen on smaller scale and the budget usually is not particularly high compared to the one provided by larger hospitals
4 0
3 years ago
Moody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the
slava [35]

Answer:

1) Predetermined overhead rate= $8.88 per machine hour

2) Total Manufacturing Costs =  $ 929.66

3a)Underapplied overhead for the year= $ 5500

3-b) If the overhead is underapplied and it is corrected by increasing  Cost of Goods Sold so it reduces net income.

Explanation:

Moody Corporation

Machine-hours required to support estimated production 156,000

Fixed manufacturing overhead cost $652,000

Variable manufacturing overhead cost per machine-hour $4.70

Variable manufacturing overhead=$4.70* 156,000 = $ 733,200

Predetermined overhead rate= Total Overhead Costs/ Direct Labor Hours

1) Predetermined overhead rate= $652,000 +$ 733,200/  156,000 = $8.88 per machine hour

Job 400

Direct materials requisitioned $400

Direct labor cost $210

Machine-hours used 36

Manufacturing Overhead = $ 8.88 * 36=  $ 319.66

2) Total Manufacturing Costs =  $ 929.66

3) Actual manufacturing overhead costs  $1,301,980

Total  machine-hours on all jobs 146,000

Predetermined overhead rate= $8.88 per machine hour

Applied manufacturing overhead costs= 146000* 8.88= $ 1296480

Actual Overhead- Applied Overhead= $1,301,980-$ 1296480= $5500

3-a)Underapplied overhead for the year= $ 5500

3-b) If the overhead is underapplied and it is corrected by increasing  Cost of Goods Sold so it reduces net income. Similarly If the overhead is Overapplied and it is corrected by decreasing  Cost of Goods Sold so it increases net income

3 0
3 years ago
Which one of the following should be added to net income in calculating net cash flow from operating activities using the indire
Lana71 [14]

Answer:

It is loss on the sales of land (A)

Explanation:

Option (A) True -The non-cash  losses must be added back while the gains must be subtracted because cash flow only recognizes relevant cash transactions that either increases or decreases the cash position.

Option (B) False-This will subtracted because it represents cash outflow from the company.

Option (C) False. This will be subtracted because it represents cash outflow resulting from payment made to suppliers

Option (D) False. This will be subtracted because it represents cash outflow resulting from liability settlement.

5 0
3 years ago
Tom is opening a bakery, and he purchases a new oven and other food production appliances. Which economic question has Tom answe
ss7ja [257]

Answer:

How to produce.

Explanation:

Tom has answered the economic question of how to produce, since Tom has already bought the appliances used in the production of food for bakery. Thee appliances will give an outcome in the form of bakery goods that he wants to sell in his shop. The electronic appliances will help facilitate Tom in his production through their time saving advantage, easy accessibility, convenience, reduces cost, reduces risk of injury for e.g Tom can burn his hand if he uses the burner but since he's using the oven the chances of injury are minimal.

3 0
3 years ago
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