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Butoxors [25]
3 years ago
11

Bryant Company has a factory machine with a book value of $85,700 and a remaining useful life of 7 years. It can be sold for $25

,900. A new machine is available at a cost of $420,000. This machine will have a 7-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $594,400 to $522,800. Prepare an analysis showing whether the old machine should be retained or replaced. (In the first two columns, enter costs and expenses as positive amounts, and any amounts received as negative amounts. In the third column, enter net income increases as positive amounts and decreases as negative amounts. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Business
1 answer:
artcher [175]3 years ago
7 0

Answer: i don’t remember this that well but i think u have to add the two numbers

Explanation:

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The manager of the bank where you work tells you that the bank has $300 million in deposits and $255 million dollars in loans. I
tigry1 [53]

Answer:

The bank is holding $19.5 million in excess reserves.

Explanation:

If the bank has $300 million is deposits and the reserve ratio is 8.5% then the bank needs to have minimum reserves of 8.5% of 300 million so the minimum reserves are 0.085*300 million = 25.5 million

How ever the actual reserves of the bank is the difference between deposits and loans. The deposits are 300 million and loans are 255 million so the actual reserves are 300 million-255 million= $45 million

Excess reserves is the difference between the actual reserves and the minimum reserves so 45 million - 25.5 million = 19.5 million.

4 0
2 years ago
Suppose all individuals are​ identical, and their monthly demand for Internet access from a certain leading provider can be repr
topjm [15]

Answer: B) $16

Explanation:

First lets take down the data given to us;

access from a certain leading provider can be represented as p​ = 5 minusone half q i.e 5 - 0.5q

Using the concept of two-part terrific which is a monopolistic market system, it is type of price discrimination where the price of goods and services are of two section namely; a lump-sum fee (expensive) as well as a per-unit charge .

Entry fees are set to be equal to the consumer surplus in the competitive equilibrium.

So we calculate our price and quantity in the competitive equilibrium first,  marginal cost is equal to price

5 - 0.5q = 1

4 / 0.5 = q

q = 8

Now the intercept of the demand curve at the vertical axis is 5,

so the consumer surplus in the competitive equilibrium is:

M = (5 - 1) * 8 / 2

M = 4 * 4

M = 16

the monthly access fee will be equal to $16.

5 0
3 years ago
Required information Skip to question [The following information applies to the questions displayed below.] On November 1, 2019,
abruzzese [7]

The  journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co is: Debit  Cash $31,800; Credit Unearned Rent Revenue $31,800, Unearned rent is $21,200.

<h3>Unearned rent</h3>

a. Entry

Debit  Cash $31,800

Credit Unearned Rent Revenue $31,800

b. Unearned rent:

Unearned Rent = 4/6 months

Two months have been paid up to December which means that 4 months are left for pay out of 6 months.

Hence:

Unearned Rent = 4/6 x $31,800
Unearned Rent = $21,200

c. Journal entry

Debit Unearned Rent Revenue $5200

Credit  Rent Revenue $5300

(2/12×$31,800)

Therefore the  journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co is: Debit  Cash $31,800; Credit Unearned Rent Revenue $31,800, Unearned rent is $21,200.

The complete question is:

On November 1, 2019, Gordon Co. collected $31,800 in cash from its tenant as an advance rent payment on its store location. The six-month lease period ends on April 30, 2020, at which time the contract may be renewed.

a. Record the journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co.

b. Calculate the amount of unearned rent that should be shown on the December 31, 2019, balance sheet with respect to this lease.

c. Record the journal entry to show the effect of the adjustment that will be made at the end of each month to show the amount of rent "earned" during the month for Gordon Co.

Learn more about unearned rent here:brainly.com/question/14866803

#SPJ1

4 0
1 year ago
The Laramie Company operates a consulting practice. New clients are required to pay the firm in two transactions. First, clients
ch4aika [34]

Answer:E

Explanation:Debit the cash account for $200, Debit the prepaid service account for $1,800 and credit the service Revenue account for $2,000

with the above breakdown, we have been able to account for the 2 payment tranches that comprises the sales/ revenue per client.

3 0
3 years ago
For each of the following questions, indicate which financial statement would most likely be used to provide the information. Us
gulaghasi [49]

Answer:

45678

Explanation:

345678

7 0
2 years ago
Read 2 more answers
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