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tatyana61 [14]
3 years ago
6

At the beginning of 2020, Earth Co purchased a machine at a cost of $40,000. Earth Co expects the machine to remain useful for e

ight years (5,000 machine hours) and to have a residual value of $5,000. Earth Co expects the machine to be used 1,200 hours the first year. Using straight-line depreciation compute the depreciation expense and determine net book value. Depreciation Expense $4,375, net book value $35,625 Depreciation Expense $8,400, net book value $31,600 Depreciation Expense $10,000, net book value $30,000 Depreciation Expense $0, net book value $40,000
Business
1 answer:
emmasim [6.3K]3 years ago
8 0

Answer:

Option B Depreciation Expense $8,400, net book value $31,600

Explanation:

The depreciation can be calculated using the following formula:

Depreciation For Y1 = (Cost - Residual Value)* Hours consumed / T. Hours

Here

Cost is $40,000

Residual Value is $5,000

Hours consumed are 1,200 hours

Total Hours are 5,000 hours

Now by putting values, we have:

Depreciation For Y1 = ($40,000 - $5,000) * 1200 / 5000

Depreciation For Y1 = $8,400

Now Net Book Value can be calculated using the following formula:

Net Book Value = Cost  - Accumulated Depreciation

Net Book Value = $40,000 - $8400 = $31,600

Hence the right answer is option B.

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With the recent surge in the showing of commercials to movie theater audiences, many companies have found it to be an innovative
inysia [295]

Answer:

Self selection.

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.

In this scenario, advertising relies on self selection.

5 0
3 years ago
In May, one of the processing departments at Messerli Corporation had beginning work in process inventory of $18,000 and ending
Evgen [1.6K]

Answer:

$170,000

Explanation:

The computation of the total cost to be accounted is shown below:

= Beginning work in process units + cost of units transferred out

= $18,000 + $152,000

= $170,000

In order to compute the total cost to be accounted we simply added the beginning work in process units and the cost of units transferred out so that the exact value could come

6 0
3 years ago
Erin works at a financial institution. She has offered a housing loan to a customer. While carrying out the transaction, which l
zubka84 [21]

Answer:

D. Ensure that she credits the loan amount accurately to the customer’s account

Explanation:

Financial institutions are companies that offer a wide range of monetary and financial services to various customers. The financial institutions include; commercial banks, brokerage firms, investments firms and currency exchange companies. The services offered are; cash deposits and withdrawals, loans, investment services and currency exchange services.

These services can be offered to individuals or even companies that might need a wide range of financial services. In order for these services to be conducted in an orderly fashion, the services offered have to be regulated. This means that the service providers and the customers have to operate within a legal threshold. A knowledge of the legal responsibility of each party is therefor important in these type of environment.

In our case, the legal responsibility of Erin who works as a representative of the financial institution would be to ensure that she credits the loan amount accurately to the customer's account since Erin had already approved the customer's housing loan.

4 0
3 years ago
Will the current market situation cause the price to go up, go down, or stay the same?
dusya [7]

Because Demand is up and supply is down companies are going to start demanding a higher price for their product since there are less on the market

5 0
3 years ago
Clorox sells five major product lines including cleaning, household, lifestyle, professional, and international. Together the pr
Ymorist [56]

Answer: (B) Product mix        

Explanation:

The product mix is one of the important element of the marketing mix as it offers a various types of product ranges in the market and when the company offers a large number of the product line availability in the market for the consumers the  this is known as the product mix.

The product mix is one of the important element for all the companies as it provide the complete image of the products and the brand of the specific organization in the market and it also helps in maintaining the consistency.    

 According to the given question, the Clorox sells the one of the 5 important product lines on the basis of the specific product mix dimensions as it s one of the important concept in the business model.

Therefore, Option (B) is correct answer.  

7 0
3 years ago
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