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Assoli18 [71]
3 years ago
7

On January 1, 2016, ABC Corporation purchased Equipment C for $72,000. Equipment C is expected to have a useful life of 8 years,

and a salvage value of $2,400. Assume that ABC uses the straight-line method of depreciation for Equipment C. A Prepare the journal entry to record depreciation on the equipment for 2016. (5)
Business
1 answer:
Black_prince [1.1K]3 years ago
3 0

Answer:

Debit : Depreciation $8,700

Credit : Accumulated Depreciation $8,700

Explanation:

the journal entry to record depreciation on the equipment for 2016.

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Seen as it may be 1 of there first jobs you can pay them less because they don't have as much experience as someone has has worked in the job for years
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3 years ago
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"A cross-hedging strategy is most effective with currencies that are _____; currency diversification is most effective with curr
chubhunter [2.5K]

"A cross-hedging strategy is most effective with currencies that are <u>highly positively correlated</u>; currency diversification is most effective with currencies that are <u>not highly correlated.</u>"

<u>Explanation:</u>

Cross hedging is a idea that is used to mange risk. This is done by  investing in two securities. Those two securities are correlated and that too positively. Which means their prices  goes in the identical direction. It helps in minimizing the risks associated.

So,A cross hedging strategy is most efficient when currencies are  positively correlated,

Currency diversification is a strategy where more than one currency is used in investment. It leads to less exchange rate risk. This strategy is most effective with currencies that are not highly correlated. Which means increase in one currency causes no increase in other currency.

3 0
3 years ago
Hang Ten Company manufactures surf boards and uses an activityminusbased costing system to allocate all manufacturing conversion
lesya [120]

Answer:

Total= $ 321.25

Explanation:

Giving the following information:

Each surfboard consists of 30 separate parts totaling $ 155 direct​ materials and requires 3 hours of machine time to produce.

Materials handling: Number of parts $ 3.75 per part

Machining: Machine hours $ 2.00 per machine hour

Assembling: Number of parts $ 1.50 per part

Packaging: Number of finished units $ 2.75 per finished unit

Total manufacturing cost:

Direct materials= 155

Materials handling=$ 3.75* 30= $112.5

Machining: $ 2.00*3= 6

Assembling: $ 1.50*30= 45

Packaging: $ 2.75

Total= $ 321.25

7 0
4 years ago
Which statement on MRP explosion is BEST? Group of answer choices It calculates the total number of subassemblies, components, a
lutik1710 [3]

Answer:

It calculates the total number of subassemblies, components, and raw materials needed for each parent item.

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It is called Process Explosion to refer to Routings (Bill of Operation), take the manufacturing order to processes, and then issue an operation order by the process. By performing the Process Explosion, the necessary processes to produce an item, the order for performing them, the labor hours in each process, and etc.

7 0
3 years ago
You need to know something about the hierarchy and culture of the company in order to understand how a specific business firm us
kherson [118]

Answer:

TRUE

Explanation:

You need to know something about the hierarchy and culture of the company in order to understand how a specific business firm uses information systems because generally, information flows upwards in an organisation via the hierarchical structure.

The flow of Information passes through each level of the hierarchy to the top. Then follows the assessment of such received information, and dependent on the outcome of the information assessment, a decision is made.

Also, just like information flows upwards through the hierarchy, so also does decision flow up via the hierarchical structure to the bottom or the point where the decision is to be implemented.

Hence, it is true that  you need the knowledge of an organisation's hierarchy in order to understand the flow of information.

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3 years ago
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