Answer:
Pronghorn Company
Depreciation Expense under Production Hours & Production Units:
c) Production Unit:
Depreciation Rate =Depreciable amount/Production hours
= $5.90 per unit
for 1,100 units, Depreciation expense = 1,100 x $5,90 = $6,490
b) Production hours:
Depreciation Rate = Depreciable amount/Production hours
= $237,770/20,100 = $11.83 per hour
For 530 hours, depreciation expense = 530 x $11.83 = $6,270
Explanation:
1. Data:
Pronghorn Company:
October 1, 2017
Purchase of Equipment for $251,930
Salvage value 14,160
Depreciable amount $237,770
2. Depreciation Expenses based on production hours and hours are some of the methods to depreciate an equipment used for production. Using these methods, the depreciation rate is determined and then multiplied by usage (hours or units) to obtain the depreciation expense for the period. The methods are simple and logical for depreciating production equipment.
TACTICAL planning normally is performed by middle managers and typically has a one-year time frame.The correct answer is 2nd
Dividing tasks between employees always eliminates the possibility of collusion, but this is wrong.
Segregation of duties is important for effective internal control because it reduces the risk of errors or improper conduct. Preventing collusion helps fight fraud.
Separation of duties is an important practice to reduce the occurrence of errors and fraud by ensuring that employees do not have the opportunity to commit or conceal errors or fraud in the performance of their duties. That is internal control.
Separation of duties reduces the risk of fraud or misconduct as each affected employee has access controls and restrictions in place. Task division is delegating different steps of the process to different people to delegate important functions.
To learn more about collusion
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Answer:
Explanation:
how much are you making on your investment? calculate: $1,500 * 8.5%. what do you pay in interest on your card? you do the math: $1,600 * 19%. looks like a huge loss of money, right? enter the loss as a negative value.
Answer:
<u>Financing </u>
Explanation:
Financing refers to usage of money and funds to finance the marketing agencies and promotions, in addition to financing the movement of goods through different channels of distribution.
Retailers usually use credit schemes to induce customers such as, payment in installments with zero interest payments. Such schemes enhance sales and also build consumer trust.
In the given case, Appliance Depot offers credit services whereby customers are granted convenient payment terms such as no down payment and interest free installments. This represents the marketing function of financing wherein the retailer facilitates financing customer's purchase via such credit schemes.
