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Nata [24]
3 years ago
7

One difference between straight-line and double-declining-balance depreciation methods is that:

Business
1 answer:
mafiozo [28]3 years ago
8 0
If the options are:
A) Straight-line method will fully depreciate the asset more quickly.
B) Double-declining-balance method will fully depreciate the asset more quickly.
C) Income taxes paid will be lower under the double-declining-balance method.
D) Losses on disposal will be lower under the straight-line method.
<span>E) None of the above

Answer: E.</span>
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Western Wear Clothing issues 3,000 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming t
Komok [63]

Answer:

The journal entry for the issuance of the common stock is shown below:

Explanation:

Cash A/c.............................................Dr    $33,000

     Common Stock A/c........................Cr   $30

     Paid in Capital A/c...........................Cr   $32,970

Working Notes:

Cash = Number of shares × Issue Price

= 3,000 × $11

= $33,000

Common Stock = Number of Shares × Par Value

= 3,000 ×  $0.01

= $30

Paid in Capital = Cash - Common stock

= $33,000 - 30

= $32,970

3 0
3 years ago
A municipal dealer places an order for $100,000 of new issue G.O. bonds, M '45 with the syndicate manager. The bonds will be pla
professor190 [17]

Answer:

The options for the question is:

A. pre-sale net

B. syndicate group net

C. designated net

D. member takedown

Explanation:

The answer is D. member takedown

The priority accorded to the order by the manager will be treated as member takedown orders, and if there is sufficient interest in the issue, the order would not be filled because of the other orders with higher priority being filled first.

When an order is placed with the syndicate by a member for an "accumulation account" that is being managed by that member, it is strange in that the bonds are not being sold to the general public.

The syndicate member must disclose to the manager when the order is placed; the manager will then disclose any of these orders that have been filled to the other syndicate members when the account is closed; and the manager will fill these orders last- meaning they get priority after pre-sales, group, and designated orders.

8 0
4 years ago
if you want to know how much you need to invest today at 12 percent compounded annually in order to have $4,000 in five years, y
DerKrebs [107]

Answer:present

Explanation: if you want to know how much you need to invest today at 12% compounded annually in order to have $4000 in five years you will need to find a present value

3 0
3 years ago
You are going to by a computer but first you want to do some research to help you select the best model for your needs where sho
Zielflug [23.3K]

An independent consumer education website that has no motive to try to sell you something such as Consumer Reports.

5 0
3 years ago
Classify each cost as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a d
chubhunter [2.5K]

a. Salary of chief compliance officer of company

b. Power used by painting equipment

c. Instrument panel installed in the airplane cockpit

d. Annual bonus paid to the chief operating officer of the company

e. Turbo-charged airplane engine

f. Interior trim material used throughout the airplane cabin

g. Cost of normal scrap from production of airplane body

h. Hourly wages of employees that assemble the airplane

i. Salary of the marketing department personnel

j. Cost of paving the headquarters employee parking lot

k. Cost of electrical wiring throughout the airplane

l. Cost of electronic guidance system installed in the airplane cockpit

m. Salary of plant manager

n. Cost of miniature replicas of the airplane used to promote and market the airplane

o. Human resources department costs for the year

p. Metal used for producing the airplane body

q. Annual fee to a celebrity to promote the aircraft

r. Hydraulic pumps used in the airplane's flight control system Product costs-  

s. Yearly cost of the maintenance contract for robotic equipment

t. Prebuilt leather seats installed in the first-class cabin

u. Depreciation on factory equipment

v. Special advertising campaign in Aviation World magazine

w. Oil to lubricate factory equipment

x. Masks for use by painters in painting the airplane body

y. Decals for cockpit door, the cost of which is immaterial to the cost of the final product

z. Salary of chief financial officer

Answer:

A) period costs- administrative expense

B) product cost-factory overhead cost

C) product cost-direct materials cost

D) period costs- administrative expense

E) Product costs-direct materials cost

F) Product costs-direct materials cost

G) Product costs-factory overhead cost

H) Product costs-direct labor cost

I) Period costs-selling expense

J) Period costs-administrative expense

K) Product costs-direct materials cost

L) Product costs-direct materials cost

M) Product costs-factory overhead cost

N) Period costs-selling expense

O) Period costs-administrative expense

P) Product costs-direct materials cost

Q) Period costs-selling expense

R) Product costs-direct materials cost

S) Product costs-factory overhead cost

T) Product costs-direct materials cost

U) Product costs-factory overhead cost

V) Period costs-selling expense

W) Product costs-factory overhead cost

X) Product costs-factory overhead cost

Y) Product costs-factory overhead cost

Z) Period costs-administrative expense

6 0
4 years ago
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