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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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Gary and Houston have been running their own business for three years. When they started the business, they developed a guide fo
valentina_108 [34]

Answer: Strategic plan, tactical plan, operational plan

Explanation:

The names that he should use to refer to the guide is the strategic plan. The strategic plan is used to know the goals of an organization and the.needed strategies that'll enable the achievement of the goals.

The individual plans, refer to the tactical plans and it occurs after the strategic plan has been created. The tactical plan simply shows the steps that will be taken for the goals to be accomplished.

The plan to oversee other plans is the operational plan. The operational plan is drawn by the company in order to propel the company to be successful and achieve its goals.

7 0
3 years ago
Computer game cartridges produced in economyland sell for $50 each. the same cartridges made in marketland have a price of $100.
shusha [124]
$50?  If you don't tell us the retail, or factory price, of the item, we cannot determine free-trade price.  Please mark Brainliest!!!
6 0
3 years ago
price level to Suppose the central bank in the nation of Zook attempts to pay off its national debt by printing large amounts of
katen-ka-za [31]

Answer:

87.50%

Explanation:

The calculation of value of Zook's currency will decrease in percentage is shown below:-

For computing the Percentage decrease first we need to find out the value of money which is shown below:-

Value of money = 1 ÷ Price level

= 1 ÷ 8.00

= 0.125

Percentage decrease = (Value of money - 1) ÷ 1 × 100%

= (0.125 - 1) ÷ 1 × 100%

= -0.875 ÷ 1 × 100%

= 87.50%

5 0
3 years ago
Changes in the equilibrium interest rate will Group of answer choices . affect both the size of the domestic output and the allo
vodomira [7]

Answer:

Changes in the equilibrium interest rate

  • affects both the size of the domestic output and the allocation of capital goods among industries.

Explanation:

Changes in interest rates affects the demand for goods and services and, thus, aggregate investment spending. A decrease in interest rates lowers the cost of borrowing, which encourages industries to increase investment spending.  

The aggregate demand is determined by consumption demand and investment demand. When the rate of interest falls the level of investment increases and vice versa

An increase in the equilibrium interest rate affects demand for money. This increase in demand raises the equilibrium interest rate.

Households and businesses then try to decrease their cash holdings by purchasing bonds affecting both the size of the domestic output and the allocation of capital goods among industries.

The equilibrium interest rate changes with the economy and monetary policy.

6 0
3 years ago
Bustillo Inc. is working on its cash budget for March. The budgeted. 3 Bustillo Inc. ts working on ts cash budget for March. The
Grace [21]

Answer:

The firm needs to borrow $15500 to attain the desired ending balance for cash. So, option b is the correct answer.

Explanation:

The desired cash balance is the cash balance at the end of the period that is required by a firm. The amount in excess or deficit of the desired balance can be calculated by calculating the end cash balance and subtracting the desired cash balance from it.

The ending cash balance for the period can be calculated as follows,

Ending cash balance = Opening balance + Receipts - Disbursements

Ending cash balance = 40000 + 121000 - 115000 = $46000

The excess/deficit is = 46000 - 61500 = -$15500 or deficit of $15500

Thus, the firm needs to borrow $15500 to attain the desired ending balance for cash.

4 0
4 years ago
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