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Licemer1 [7]
3 years ago
11

The Bug House purchased some new machinery last year at a total cost of $18,500. The depreciation to date on this machinery is $

3,400. Should the firm opt to sell the machinery today, it could probably do so at a price of $14,150. What is the current book value of this machinery
Business
1 answer:
Tema [17]3 years ago
6 0

Answer:

No, 15,100

Explanation:

The book value is 15,100 (18500-3400) which is more than the potential sales price of 14,150.

I wouldn’t sell the equipment since it is worth more (15,100) than potential sales price.

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. At year-end, Barr Co. had shipped $12,500 of merchandise FOB destination to Lee Co. Which company should include the $12,500 o
irinina [24]

Answer:

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4 0
4 years ago
An adjusting entry that increases an asset and increases a revenue is known as a(n):
quester [9]

<u>Answer:</u>

<em>An adjusting entry that increases an asset and increases a revenue is known as Accrued Revenue.</em>

<u>Explanation:</u>

when an organization has earned income yet hasn't yet gotten money or recorded a sum receivable For the<em> situation of gathered incomes</em>, we get money after we earned the income and recorded an advantage.

The modifying section for a collected income consistently incorporates a charge to an advantage account (increment a benefit) and an a worthy representative for an<em> income account (increment an income).</em>

7 0
3 years ago
Troglodyte University uses activity-based costing to assign indirect costs to academic departments, using three activities. The
vlada-n [284]

Answer:

USD 113 400 total

Explanation

I)

Rate of Activity:

actRate = actBudget/actBase

instruction = USD 1 200 000/600 Sections .= USD 2000/section

facilites = USD 800000/80000 Sq.Ft = USD 10/sq.ft)

student services = USD 290 000/2500 Students = USD 116/student

II)

Total = student services (150 students x USD 116/student) + Instruction (8 sections x USD 2000/section) + Facilities (8000SqFt x USD 10/sq.ft) +=

80 000 + 16 000 + 17 400 = USD 113 400

6 0
4 years ago
Queen B Corp. has a current annual cash dividend policy of $2.00. The price of the stock is set to yield 11% return. What is the
Bond [772]

Answer:

The price of the stock will be $18.04

Explanation:

The price of the stock will be the same as the present value of the future dividends including the liquidating final dividend of 20.00 discounted at 11%

present value of the dividends:

<em>Present Value of Annuity </em>

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 2

time 9

rate 0.11

2 \times \frac{1-(1+0.11)^{-9} }{0.11} = PV\\

PV $11.0741

Then, PV of the liquidating dividend:

PRESENT VALUE OF LUMP SUM

\frac{Maturity}{(1 + rate)^{time} } = PV  

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time   10.00

rate  0.11

\frac{20}{(1 + 0.11)^{10} } = PV  

PV   7.04

$11.07 + $7.04 =  $ 18.04

6 0
3 years ago
List and the four factors of production.​
Ierofanga [76]

Answer:

The four factors of production are land, labor, capital and entrepreneurship.

Explanation:

Land is related to natural resoucers available for production.

Labor refers to the human input into the production process.

Capital refers to goods used in the supply of other products.

Entrepreneurship refers to the capacity that people have to create new businesses or companies or having new ideas for improving the current business thus creating a better output for a company.

3 0
4 years ago
Read 2 more answers
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