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Arada [10]
3 years ago
9

The inventory system employing accounting records that continuously disclose the amount of inventory is calle

Business
1 answer:
Salsk061 [2.6K]3 years ago
4 0
It's called perpetual. Perpetual inventory method updates inventory on a regular basis, as opposed to a periodic system, which updates at the end of a period. 
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On January 2, Haskins Company purchases a laser cutting machine for use in fabrication of a part for one of its key products. Th
MakcuM [25]

Answer:

Explanation:

Cost of machine - $80000

Useful life - 5 years

Salvage value -$5000

Depreciable amount = 80000-5000= 75000

Annual depreciation = 75000/5 = 15000

Year                    DR                       Accum Dep

Cost                                                                                   8000                  

1                Depreciation 15000       15000  

2               Depreciation  15000      30000

Year 3      Depreciation  15000      45000

Year 4      Depreciation   15000      60000

Year 5      Depreciation   15000      75000

Financial statement template

Balanced sheet

Cash asset + Non cash asset = liabilities + Equity

Cash asset + 65000  = liabilities + equity

Income statement

Revenue - expenses = Net income

Revenue - 15000 - Net Income

3 0
3 years ago
Why might one firm have positive cash flows and be headed for financial trouble?
Katena32 [7]
A cash flow statement merely describes the net change in a company's cash flow in investment, operational, and financial activities at a given period in time. As such, a bad debt in the company's portfolio cannot be reflected correctly in the cash flow statement. A company can also result to selling products at a much lower prices than it purchased them. While this is reflected in the cash flow statement, it does not translate into overall profitability of the concerned company.
6 0
3 years ago
There were 80 people in the houses I visited. 16 of them were children under the age of 16, 25 people had full-time jobs, and 8
miss Akunina [59]

The labor force that can be depicted from the information about the people will be 36.

<h3>How to calculate the labor force</h3>

The labor force will be:

= 25 + 8 + 3

= 36

The unemployment rate will be:

= Unemployed/Labor force × 100

= 3/36 × 100

= 8.33%

The participation rate will be:

= Labor force/Adult population × 100

= 36/(80 - 16) × 100

= 56.25%

Learn more about the labor force on:

brainly.com/question/24939447

4 0
2 years ago
What is the function of the OSHRC? A. to enlist people under protected classes B. to research different discriminatory factors C
elixir [45]

Answer: The cases in which the Review Commission renders decisions arise from inspections conducted by a Federal agency separate from the Review Commission, the Occupational Safety and Health Administration (OSHA), which is a part of the Department of Labor. OSHRC, or the Review Commission, and OSHA were created by the Occupational Safety and Health Act of 1970, but the Act mandated that the Review Commission be an independent agency (i.e., not part of another Federal department) to ensure that parties to agency cases receive impartial hearings.

Explanation:

3 0
3 years ago
Bubba is a shrimp fisherman who can catch 4,000 pounds of shrimp per year. Bubba is considering hiring his cousin Bobby to work
melisa1 [442]

Answer:

7,000 pounds

Explanation:

Data provided in the question:

Shrimps Bubba catches per year = 4,000 pounds

Shrimps that Bobby can catch per year = 3,000 pounds

Therefore,

The marginal contribution of Bobby in the output if Bobby is hired is 3,000 pounds of shrimp

Hence,

The total output of his shrimp business is Bubba hires Bobby will be

= Output of Bubba per year + Output of Bobby per year

= 4,000 pounds + 3,000 pounds

= 7,000 pounds

4 0
3 years ago
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