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murzikaleks [220]
3 years ago
9

Information related to Kerber Co. is presented below.

Business
1 answer:
yKpoI14uk [10]3 years ago
7 0

Answer:

Date        Account titles & Explanation           Debit         Credit

Apr-05    Merchandise Inventory                    $23,000

                       Accounts Payable                                        $23,000

Apr-06    Merchandise Inventory                    $900

                       Cash                                                              $900

Apr-07     Equipment                                        $26,000

                       Accounts Payable                                       $26,000

Apr-08    Accounts Payable                             $3,000

                        Merchandise Inventory                              $3,000

Apr-15     Accounts Payable                            $20,000

               ($23,000-$20,000)

                     Merchandise Inventory                                 $400

                     ($20,000*2%)

                     Cash                                                                $19.600

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The use of accelerated depreciation:____.a. discourages investment in plant and equipment. b. increases expenses and decreases c
Elena-2011 [213]

Answer:

c. initially decreases the firm's taxes

Explanation:

Accelerated depreciation provides for a higher rate of capital allowance on the assets that is New and Unused and brought in the business for use in manufacturing for the first time. This allowance then lowers for the other years. The purpose of this is to encourage  investment in plant and equipment as it initially decreases the firm's taxes.

8 0
3 years ago
Suppose you just won the state lottery, and you have a choice between receiving $3,500,000 today or a 20-year annuity of $250,00
xeze [42]

Answer: The correct answer is e). 3.67%

Explanation: An ordinary annuity is a series of payments made at the end of each period.

The formula for ordinary annuity is PV = PMT × ((1 - (1 + r) ^ -n)/ r)

Where; PMT = the periodic cash payment; r = the interest rate per period; n = the total number of periods and PV = present value.

Therefore; 3500000 = 250000×((1-(1+r)^-20)/r

This will give the rate as 3.67%

4 0
3 years ago
The first home video game product built on a microprocessor was a home version of the popular coin-operated pong game from _____
Sauron [17]
<span>The first home video game product built on a microprocessor was a home version of the popular coin-operated pong game from </span>Nolan Bushnell' Atari.
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4 0
3 years ago
Wims, Inc., has current assets of $5,000, net fixed assets of $23,300, current liabilities of $4,450, and long-term debt of $11,
Novay_Z [31]

Answer:

a). $12,850  b.) 550

Explanation:

a). Shareholder equity

The shareholder equity consists of the shareholder capital contributions plus the retained earnings. calculating the shareholder's equity is through the formula shareholder equity = total assets -total liabilities

In this case,

Total assets = $5,000,+ $23,300= $28,300

Total liabilities = $4,450 + $11,000 + $15,450

Shareholder equity = $28,300 -$15,450 = $12,850

b). Net working capital

Net working capital is the difference between current assets and current liabilities. i.e., net working capital is current assets - current liabilities

current asset = $5000

Current liabilities = $ 4,450

Net working capital; = $5,000 - $4,450= $550

5 0
3 years ago
If you put $2,620 in a savings account and make no further deposits, what type of calculation would provide you with the value o
riadik2000 [5.3K]

Answer:

future value of a lump sum:

Nominal(1+r)^n = FV\\2,620(1+r)^{28} = FV

Explanation:

when there is only a single deposits the formula will be the compounding interest future value of a lump sum

The deposits will generate incoem at a given rate r which, will make it increase their value over the course of time.

3 0
3 years ago
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