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lara [203]
3 years ago
9

Sunland Chemicals Company acquires a delivery truck at a cost of $30,400 on January 1, 2022. The truck is expected to have a sal

vage value of $3,200 at the end of its 4-year useful life. Compute annual depreciation for the first and second years using the straight-line method.
Business
1 answer:
liraira [26]3 years ago
8 0

Answer:

$6,800 and $6,800

Explanation:

The computation of the depreciation expense for the first year and the second year using the straight line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($30,400 - $3,200) ÷ (4 years)

= ($27,200) ÷ (4 years)  

= $6,800

In this method, the depreciation is the same for all the remaining useful life

Therefore for the first and second year, the same depreciation expense i.e $6,800 should be charged separately in each year

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A suite of integrated software modules for finance and accounting, human resources, manufacturing and production, and sales and
marissa [1.9K]

Answer:

(b) ERP system

Explanation :

ERP is know as enterprise resource planning , it is a software which is utilized for business process  

it enables an association to utilize an arrangement of incorporated applications to deal with the business and computerize many back office capacities identified with innovation, administrations and HR.  

ERP programming coordinates these different capacities into one complete framework to streamline procedures and data over the whole association. The main focus of all ERP frameworks is a mutual database that supports various capacities utilized by various specialty units.

6 0
3 years ago
Suppose you had information on the sales of similar homes just east and just west of the boundary between two school districts.
liraira [26]

Answer:

I would us the data by

Explanation:dividing the difference in the prices of similar homes between districts by the difference in test scores between districts

7 0
4 years ago
Roman owns shares in a company called Copnay Telecom Inc.The company's financial performance has been declining over the past fe
docker41 [41]

Answer: D. Transferability of investor ownership.

Explanation:

From the question, we are informed that Roman owns shares in a company called Copnay Telecom Inc. and that the company's financial performance has been declining over the past few months, and the value of its stock has been decreasing.

We are further told that Roman wants to proactively cut his losses and therefore sells his shares and that Jeremy, a trading enthusiast, buys shares in Copnay Telecom because he believes that the share prices cannot go anywhere but up.

The characteristics of a public stock company that this scenario best exemplify is transferability of investor ownership. This was illustrated when Roman transferred his ownership to Jeremy.

3 0
3 years ago
Net income reported on the income statement for the current year was $350,000. Depreciation recorded on plant assets was $26,000
Sonbull [250]

Answer:

$357,500

Explanation:

Cash flow from operating activities on the statement of cash flows:

= Net income + Depreciation Expense - Increase in accounts receivable - Increase in inventory + Decrease in prepaid expense - Decrease in accounts payable

= $350,000 + $26,000 - $3,000 - $5,000 + $2,500 - $13,000

= $357,500

Therefore, the net cash flow from operating activities is $357,500.

6 0
3 years ago
The normal-form game box below outlines a generic game for two players to illustrate basic principles. Each player has two strat
tatiyna

Answer:

1. c) b>d

d) c>g

2. No dominant strategy equilibrium is also a Nash equilibrium.

Explanation:

Payoff matrix are  used in business as it represent the possible outcomes of the decisions made. In the given scenario player 1 and player 2 have different outcomes based on the game matrix. The player 1 will get best possible payoff when he falls in Top Left matrix. This is dominant strategy which must be Nash equilibrium.

5 0
3 years ago
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