All categories

3 years ago

What are debit memoranda?

Business

1 answer:

Kazeer [188]3 years ago

7 0

Answer:

I believe the answer is reductions

Explanation:

The adjustments made to the account reduce the funds in the account but are made for specific purposes and used only for adjustments outside of any normal debits.

You might be interested in

If a company has a unique strength relative to its competitors, based on quality, time, cost, or innovation, then the company is

Sunny_sXe [5.5K]

The answer is: A competitive advantage

6 0

2 years ago

Suppose that DiamlerChrysler is considering changing its production operations from an assembly line in which each employee adds

denis-greek [22]

Answer:

Sequential interdependence on the line to pooled interdependence between the teams

Explanation:

Sequential interdependence occurs when a persons output is necessary for the performance of the next persons input. Perhaps the most obvious example of sequential interdependence is an assembly line.

While pooled interdependence he team accomplishes its tasks simply by bringing together everyone’s separate efforts. Like in DamierChrystern when the team work together to build the total car with the team deciding whi does what task. To be a team you need a team task — it requires that members actively work with each other to accomplish it

4 0

3 years ago

Babcock Company purchased a piece of machinery for $36,000 on January 1, 2019, and has been depreciating the machine using the s

pogonyaev

Answer:

Requirement 1:

Dr Accumulated Depreciation $9,600

Cr Retained Earnings Account $9,600

Requirement 2:

Dr Depreciation Expense $6,000

Cr Accumulated Depreciation $6,000

Explanation:

Year Remaining Life of machine Depreciation fraction

1 5 5/15

2 4 4/15

3 3 3/15

4 2 2/15

5 1 1/15

Total 15

Now here, the depreciation formula is as under:

Depreciation expense = (Cost - Salvage Value) * Fraction value

Year 2019:

The sum of years digit fraction would be 5/15 and the cost of the machinery is $36,000. So

Depreciation Expense = ($36,000 - 0) * 5/15 = $12,000

Year 2020:

The sum of years digit fraction would be 5/15 and the cost of the machinery is $36,000. So

Depreciation Expense = ($36,000 - 0) * 4/15 = $9,600

Year 2021:

Now in this year the there is change in estimate and a switch in the use of the depreciation method, which is now straight line method. The change in estimate only includes the useful life of the asset which is 6 years from the date of purchase.

So for straight-line depreciation:

Depreciation Expense = (Cost - Salvage Value) / Useful Life

By simply putting values, we have:

Depreciation Expense = $36,000 / 6 years = $6,000 per year

So this means, according to change in accounting policy, the excess depreciation charged must be eliminated from the previous years. The depreciation charge for the previous 2 years must be $12,000 and the excess depreciation charge is calculated as under:

Carrying value of the asset = $21,600 - $12,000 = $9,600

Requirement 1:

The double entry according to the US GAAP, for the excess depreciation charge in the previous years would be the waiving off of retained earnings with the excess depreciation amount calculated above.

Dr Accumulated Depreciation $9,600

Cr Retained Earnings Account $9,600

Requirement 2:

The depreciation expense for the year 2021, would be recorded as under:

Dr Depreciation Expense $6,000

Cr Accumulated Depreciation $6,000

3 0

3 years ago

Consumers planning to buy recreational equipment tend to buy higher quality,

Nady [450]

Answer:

The answer is: B) In Boravia when the economy is strong, those who might otherwise go camping tend to take vacations overseas.

Explanation:

Usually a sustained economic growth would lead to an increase in the sales of high quality products. Hill and Dale sell high quality expensive products, so the only thing that could hurt their sales is that people don't go camping anymore. The only option that could lead to lower demand is that Boravia's economy is doing so well that its citizens can now afford to travel to other countries instead of camping.

7 0

2 years ago

What is an example of a community that you belong to?

inn [45]

I belong to a community of young moms and we stick together to prove that just because we are mothers doesn’t mean we are unable

6 0

2 years ago