Answer:
1) For the equipment that was sold, determine its original cost, its accumulated depreciation, and the cash received from the sale.
- original cost = $9,800
- accumulated depreciation = $1,020
- cash received = $5,980
2) Sanchez Company uses the indirect method for the Operating Activities section of the cash flow statement. What amount related to the sale would be added or subtracted in the computation of Net Cash Flows from Operating Activities?
- the loss on sale of equipment ($2,800) should be added to the cash flows from operating activities.
3) What amount related to the sale would be added or subtracted in the computation of Net Cash Flows from Investing Activities?
- the cash received ($5,980) should be added to the cash flow from investing activities
Explanation:
equipment cost = beginning equipment - ending equipment = $20,000 - $10,200 = $9,800
equipment's accumulated depreciation = beginning accumulated depreciation + depreciation expense - ending depreciation = $1,950 + $860 - $1,790 = $1,020
book value = $9,800 - $1,020 = $8,780
cash received = book value - loss = $8,780 - $2,800 = $5,980
Answer:
If the Studio is the cost object, then all the costs that can be attributed to the studio itself will be direct and that includes all the costs except the <em>Planning and development materials sent from the home office, </em>because that comes from the home office not the studio in question.
As per the question, all the costs are also variable because there are different payment plans and the offers by the studio as well as materials needed are dependent on the number of students they have. Advertisements are a set price however and do not depend on the number of students and so are fixed .
If the Lessons were the cost objects, everything that cannot be linked directly to the lessons is an indirect cost. This includes all the costs excerpt the dancing instructors' salary as this is linked directly to the number of lessons they offer.
All costs will also be fixed because they are independent of the lessons offered and so are set amounts. The dancing instructors' salary is also fixed as the rates do not change in relation to lesson prices.
It should be live on the web in only a few minutes.
Explanation:
The app developer for small companies has officially been announced by Google. The new tool called simply "Website" is free and gives small business owners an opportunity to create and produce websites on a laptop or mobile phone in minutes.
60 per cent of small companies in the world don't have their own websites, according to Google. With the launch of the new website creator, Google is clearly trying to increase that number.
Website is an expansion of Google My Business. You will therefore need a full GMB database to use the application. To create a website, Google automatically pull details from your GMB listing and can then be personalized with subjects, photographs and text.
Answer:
Amount paid to acquire investments $3,160,000
<em />
Net income $1,100,000
Less: Yearly dividends (140,000*4) <u>($560,000)</u>
Income after dividends <u>$540,000</u>
Share in income after dividends
for 6 months ($540,000 * 30% * 6/12) <u>$81,000</u>
Balance of investments of Tremen corporation <u>$
3,079,000</u>
Hence, the balance of investments of Tremen corporation in Delany company is $3,079,000
.
Answer:
d. All of the above
Explanation:
Based on the information provided within the question when doing research all of the answers provided are correct. Any field doing research should follow the scientific method, but Economists cannot use the same experiments as other fields because they have to use the data that the world happens to give them and do not have the ability to make control groups and test different variables on the economy like experiments in the field of Physics and Chemistry can.
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