TIMED QUIZ PLS HELP!!! 10 POINTS

purchased equipment on January1, 2018,for $ 27 comma 419.Suppose Duck Pond Golf Club Sold the equipment for $ 19 comma 000 on

ale4655 [162]

Answer:

31 December 2019

Cash 19000 Dr

Accumulated depreciation 12186 Dr

Equipment 27419 Cr

Gain on disposal 3767 Cr

Explanation:

Straight line depreciation method charges a constant depreciation expense through out the useful life of the asset.

To calculate the gain or loss on disposal/sale of an asset like this, we need to first determine the book value or carrying value of asset on that day.

Carrying value = Cost - Accumulated depreciation

Carrying value = 27419 - 12186

Carrying value = $15233

Gain or (loss) on disposal = Cash/Sale proceeds - Carrying Value

Gain or (loss) on disposal = 19000 - 15233

Gain or (loss) on disposal = $3767 Gain

3 0

2 years ago

Writers should use words carefully and construct sentences skillfully to emphasize main ideas and de-emphasize minor ideas. Choo

Alexxandr [17]

Answer:

Option b is correct.

Explanation:

The statement in option ''b" is the correct option for laying emphasis on the main idea and de-emphasizing the minor ideas, that is;

"First, please make the changes to the second section of the proposal changes, and then have Jane proofread the entire proposal."

The above statement is a detailed one and shows the step by step instructions or requirements;

1." First, please make the changes to the SECOND SECTION of the proposal changes.''

The SECOND SECTION the writer mentioned lay emphasis on the second section of the proposal CHANGES AND NOT THE WHOLE.

2. "and then have Jane proofread the ENTIRE proposal"

The writer wants Jane to do the PROOFREADING of the ENTIRE proposal.

4 0

3 years ago

TryFit Co. uses process costing to account for the production of energy food bars. Direct materials are added at the beginning o

lubasha [3.4K]

Answer:

$37,654.00

Explanation:

beginning WIP = $13,000 + $10,000 = $23,000

costs added during the month = $42,000 + $46,000 = $88,000

total materials costs = $55,000

materials cost per EUP = $55,000 / 24,000 units = $2.29

total conversion costs = $56,000

conversion cost per EUP = $56,000 / 19,000 = $2.95

ending inventory = (10,000 x $2.29) + (10,000 x $2.95 x 50%) = $37,650

8 0

3 years ago

_____ is the industry term for inventory and cash losses from shoplifting damage to merchandise, and employee theft.

vichka [17]

Answer:

correct answer is C. Shrinkage

Explanation:

Shrinkage is industry term for an inventory and the cash losses

because shrinkage is difference between the record inventory and actual inventory so that shrinkage is the loss of an inventory and some factor that is attribute like vendor is fraud , employee theft or cashier errors or could be administrative error etc

so here correct option is C. Shrinkage

7 0

3 years ago

Goods in process inventory account of a manufacturing company that uses an overhead rate based on the direct labor cost has a 4,

mafiozo [28]

Answer:

Overhead absorption rate

= Overhead absorbed/Actual labour cost x 100

= $4,400/$800 x 100

= 550% of direct labour cost

Explanation:

Since the overhead absorbed is $4,400, there is need to divide the overhead absorbed by actual direct labour cost multiplied by 100. This gives the overhead application rate.

7 0

3 years ago