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3 years ago

Why is that 0.8 in fractional form is 8/10

Business

1 answer:

kondaur [170]3 years ago

8 0

Answer:

Decimal placement

Explanation:

It is 8/10 because, in the decimal 0.8 , the 8 is in the tenths place. If it was 0.08 the fraction would be 8/100 and so on and so forth.

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A method of allocating merchandise cost that assigns the most recent purchased costs to the ending inventory shown on the balanc

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The answer is B. First in, first out method

Or commonly known in accounting as the FIFO method, is inventory valuation method where the first goods purchased by company is also the first goods sold.

By doing that, this will make the last goods purchased ( the most recent purchased) by the company became company ending inventory.

7 0

3 years ago

Rottino Company purchased a new machine on October 1, 2020, at a cost of $150,000. The company estimated that the machine will h

Amanda [17]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Purchasing cost= $150,000.

The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life.

1) Straight-line:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (150,000 - 12,000)/5= 27,600

Annual depreciation= (27,600/365)*92 days= $6,956.71

2) Units of activity:

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= [(150,000 - 12,000)/10,000]*1.700= $23,460

3) Double-declining balance:

Annual depreciation= 2*[(book value)/estimated life (years)]

Annual depreciation= 2*27,600= 55,200

Annual depreciation= 55,200/365*92= 13,913.42

Annual depreciation= [138,000 - 13,913.42)/5]*2= 49,634.63

5 0

3 years ago

A company purchases inventory on account for $45,000 with terms 2/10, n/30. Under the net method of accounting for purchases, th

taurus [48]

Answer:d. $44,100.

Explanation:

The net method is a way a company or firm records its customer's invoice. Under the net method of Accounting for purchases, The record of purchases are recorded considering the cash discount.

Therefore

Purchase price = $45000

Cash Discount at terms 2/10 n/30

$45000 x 2% = $45,000 x 0.02 =$900

Net purchase price = $45000 - $900 = $44,100.

The journal to record the inventory purchased on account using the net method will be

Accounts Titles Debit Credit

Inventory $44,100.

Accounts payable $44,100.

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3 years ago

Katelyn, a millennial, is conducting her job search. She wants to work for a company that cares not only about its people, but a

AnnyKZ [126]

<h2>"Social audit documents" will give Katelyn the information about how socially the company has involved to protect the planet and people.</h2>

Explanation:

Let us understand what a social audit is.

It is an official evaluation about the involvement in social responsibility projects by the organization.
It creates an impact on the governance.
This prevents public relations crises associated with ethical or legal misconduct.
Narrow gaps between vision and reality.
It enters into action when there is no equal employment opportunity, when the environmental quality gets affected, etc.

The social activities that it includes are:

volunteer events
work environment
employees wages
utilization of energy
charitable contributions

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3 years ago

You have been given the following information for Nicole's Neckties Corp.: Net sales = $2,500,000; Cost of goods sold = $1,300,0

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Answer:

$360,000

Explanation:

Net sales : $2,500,000

Cost of goods sold : ($1,300,000)

Gross profit : $ 1,200,000

Interest expense : ($50,000)

Net profit : $ 1, 150,000

Retained earning: ($30,000)

Dividends paid : ($300,000)

Tax at 40%: =40% * $1,150,000

($460,000)

Depreciation expense : $360,000

6 0

3 years ago

Why is that 0.8 in fractional form is 8/10​

Why is that 0.8 in fractional form is 8/10