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2 years ago

THESE ARE TRUE OR FALSE!! PLEASE HELP ASAP!!

Business

1 answer:

MakcuM [25]2 years ago

3 0

1. False
2. False
3. True
4. False
5. false
6. False
7. True
8. False
9. True
10. False

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On January 1, Miami Gold Exchange paid cash of $64,800 for computers that are expected to remain useful for six years. At the en

Dmitry_Shevchenko [17]

Answer: See explanation

Explanation:

The amount of depreciation for the month of January using the straight line depreciation method will be:

= (Cost - Salvage Value) / Life of Assets / 12 Months

= ($64,800 - $0) / 6 Years / 12 Months

= $10800/12

= $900 per month

The adjusting entry for depreciation on January 31 will be:

Dr Depreciation Expense - Computer Equipment $900

Cr Accumulated Depreciation-Computer Equipment $900

(To record the depreciation expense)

4 0

2 years ago

A partner withdraws from a partnership by selling her interest to another person who currently is not associated with the firm.

lapo4ka [179]

Answer:

The correct answer is letter "C": will remain the same.

Explanation:

A partnership is an organization with two or more members running a business. They share the profits in percentage terms in proportion to their partnership value. The partnership dissolves and a new partnership is created when one of the partners is removed, retired or deceased or even when a new partner is introduced. The remaining partners' capital will be the same, for accounting purposes.

6 0

3 years ago

David bought 48 for cars at a yard sale of the cards three eighths were baseball cards how many car

Tatiana [17]

First find 1/8. 48/8 is 6. Then multiply by 3 since there are 3/8. 3x6 is 18. 18 cards. Hope this helps!

5 0

3 years ago

Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types o

kirill [66]

Answer:

Handling materials = $6.25 per part

Inspecting product = $600 per batch

Processing purchase = $150 per order

Handling materials = $350 per invoice

Insuring the factory = $7.50 per square feet

Designing packaging = $37,500 per model

Explanation:

Activity rate = Estimated Cost ÷ Estimated Activity

therefore,

Handling materials = $ 625,000 ÷ 100,000 parts = $6.25

Inspecting product = $ 900,000 ÷ 1,500 batches = $600

Processing purchase = $ 105,000 ÷ 700 orders = $150

Handling materials = $ 175,000 ÷ 500 invoices = $350

Insuring the factory = $ 300,000 ÷ 40,000 square feet = $7.50

Designing packaging = $ 75,000 ÷ 2 models = $37,500

6 0

3 years ago

EA7.

Eddi Din [679]

Answer:

33,000

Explanation:

The number of units included in the production budget is given by dividing the budgeted value by the cost per unit.

The cost per unit is:

$C = 2.2*\$11.50\\C = \$25.30$

The number of budgeted units is:

$n=\frac{\$834,900}{\$25,30}\\n=33,000$

33,000 units are included in the production budget for next year

7 0

3 years ago