Answer:
option (D) $138,000
Explanation:
Data provided in the question:
Purchasing cost of the machine = $126,000
Additional costs for this machine :
Shipping = $3,000
Installation = $4,000
Testing = $5,000
Now,
The cost of machine that should be reported
= Purchasing cost + Additional costs incurred
= $126,000 + $3,000 + $4,000 + $5,000
= $138,000
Hence,
The correct answer is option (D) $138,000
Answer:
The annual depreciation under straight line method is $3,120
And under double-declining method:
Year 1 = $7,200
Year 2= $6,624
Explanation:
Please find the attached for the calculations
Answer:
120%
Explanation:
Given net sales;
Year 1996 = $690000
Year 1997 = $730000
Year 1998 = $828000
With 1996 as the base year, it means the percentage of any year can be computed by dividing the net sales for that year with the net sales for 1996 and expressing the results as a percentage.
1998 sales as a percentage of the base represents
= $828000/$690000
= 1.2
Expressed as a percentage, this is 120%.
Answer:
False ( "Large lot sizes" is not considered essential for JIT )
Explanation:
Just in time is an arrangement and alignment of raw material supply with the production process of the business. It minimizes the holding cost, lead time required for delivery of raw material, the setup times and sizes of orders.
The Large lot sizes is not a characteristics of JIT because it may requires the storage facility to place the large orders until used in production which might increase the holding cost.
So, Large Lot Sizes are not considered essential for a comprehensive JIT implementation.
Answer:
<u><em>Statement of Payments</em></u>
Explanation:
<em><u>Statement of Payments</u></em> include veterans’ payments, welfare, and social security payments..
<u><em>Social Security Benefits </em></u>are payments made to qualified retirees, disabled persons, to their spouses, children and survivors etc.
<u><em>A statement of payments</em></u> is usually submitted with income tax return to receive the Senior Citizens'€™ Exemption.