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TEA [102]
2 years ago
14

Which of the following is a current asset?

Business
1 answer:
Arturiano [62]2 years ago
3 0

Answer:

D

Explanation:

Current assets are considered short-term assets because they generally are convertible to cash within a firm's fiscal year, and are the resources that a company needs to run its day-to-day operations and pay its current expenses. ...

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Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $28,000. The estimated useful life was
jeyben [28]

Answer:

You get the highest net income in year 2 with  <u>Units-of-production  method.</u>

Explanation:

Schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods is attached.  

<u>Straight-line </u>

Depreciation expense 2nd year=$5.000=(Original Value -Residual Value)/Useful life

<u>Units-of-production </u>

Units of Production Rate=2.5=(Original Value -Residual Value)/estimated productive life

Depreciation expense 2nd year= 7250

<u> Double-declining-balance. </u>

Depreciation rate        20,00%        1/useful life *100

Depreciation expense 2nd year= 6720

Download xlsx
6 0
3 years ago
What action should the nurse take when administering meperidine 75 mg im every 4 hours to a young adult?
allsm [11]

Meperidine has hypnotic and analgesic effects following intravenous dose, and the analgesic effects can extend for up to 4 hours.

A painkiller with a prescription is meperidine hydrochloride. It is an opioid, a class of drug. When a patient consumes more meperidine hydrochloride than is usual or advised, an overdose results.

Meperidine usage and addiction present a danger that can result in overdose and death. Additionally, meperidine may result in serious, perhaps fatal, breathing issues. Your doctor should prescribe the least effective dose of meperidine for the shortest amount of time to reduce your risk.

Learn more about Meperidine here:

brainly.com/question/28188675

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5 0
2 years ago
Yates Company shows the following unit costs for its product:
Molodets [167]

Answer:

b. greater under absorption costing than variable costing.

Explanation:

The question is to calculate the closing value of inventory and based on the choices, we need to calculate based on both the Absorption Costing and the Variable Costing Methods.

1. Closing Inventory based on Variable Costing Method

Direct Material                                $40

Direct Labour                                  $30

Variable Overhead                           $2

Fixed Overhead                                <u>$0 </u>(this method does not reecognise fixed cost

Totals (Unit cost of Production)     $72

Based on this, the closing inventory is $72 x (8,000+50,000-55,000 units)

=$77 x 3,000= $216,000

2. Closing Inventory based on Absorption Costing Method

Direct Material                                $40

Direct Labour                                  $30

Variable Overhead                           $2

Fixed Overhead                                <u>$5</u>

Totals (Unit cost of Production)     $77

Based on this, the closing inventory is $77 x (8,000+50,000-55,000 units)

=$77 x 3,000= $231,000

Based on these calculations:

The Ending Inventory is higher/Greater under absorption costing than variable costing and the reason is that variable costing does not recognize fixed cost in determining the value of ending inventory.

4 0
3 years ago
Sweet Sue Foods has bonds outstanding with a coupon rate of 5.50 percent paid semiannually and sell for $1,917.12. The bonds hav
RoseWind [281]

Answer:

Current yield=5.74%

Explanation:

Calculation for the current yield for these bonds

Current yield = (.055× $2,000)/$1,917.12

Current yield =$110/$1,917.12

Current yield=0.0574*100

Current yield=5.74%

Therefore the current yield for these bonds will be 5.74%

6 0
3 years ago
Kyle is trying to decide which brand of diapers he should buy for his newborn daughter. each of the brands has its own unique fe
erastovalidia [21]
He chose the one that he was familiar with.  Please mark Brainliest!!!
6 0
3 years ago
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