Differentiate between the planning, organizing, leading, and controlling functions of management.

If a company spends $14.4 million to install refurbished footwear-making equipment with capacity to produce 1 million pairs of a

Margaret [11]

The annual depreciation costs at that facility will rise by 10% or $1,440,000.

<h3>Annual depreciation costs</h3>

Life of the equipment = 10 Years

Salvage value = 0

Annual Depreciation= (Cost of equipment - Estimated salvage value) / Estimated useful life

Annual Depreciation= ($14.4 million- 0) / 10

Annual Depreciation= $1,440,000

or

Annual Depreciation= $1,440,000/$14,400,000 ×100

Annual Depreciation= 10%

Inconclusion the annual depreciation costs at that facility will rise by 10% or $1,440,000.

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4 0

2 years ago

Amber Corporation donated inventory of clothing (basis of $136,000, fair market value of $170,000) to a qualified charitable org

viva [34]

Answer:

charitable contribution deduction = $153000

Explanation:

given data

basis = $136,000

fair market value = $170,000

solution

we get here charitable contribution deduction that is express as

charitable contribution deduction = Basis + 50% of (Fair - basis) .......................1

put here value and we get

charitable contribution deduction = $136,000 + 0.50 ($170,000 - $136,000 )

charitable contribution deduction = $153000

3 0

3 years ago

Assume that ABC had a retained earnings balance of $10,000 on April 1, and that the company had the following transactions durin

Lostsunrise [7]

Answer:

ABC's retained earnings balance at the end of April is $11,400

Explanation:

The addition to retained earnings in the current month is revenue derived from providing services to customers minus the expenses such as rent and employee salaries

Net income for the month=$2,000+$900-$800-$700=$1400

Retained earnings at month end=opening retained earnings+net income

Retained earnings at month end=$10,000+$1,400=$11,400

8 0

3 years ago

What is 9 and 5/6 minus 3 and 3/6

lawyer [7]

Answer:

9 $\frac{5}{6}$ - 3 $\frac{3}{6}$ = $\frac{38}{6}$

Explanation:

Since this is an example of mixed whole numbers and fractions, this are mixed fractions.

Since the denominator is the same (6), we are just going to create a proper fraction out of these mixed fractions by multiplying the denominator with the whole number and adding the numerator. Then, the result becomes the new numerator, while the denominator remains the same.

Therefore, we have:

9 $\frac{5}{6} = \frac{59}{6}$

$3\frac{3}{6} = \frac{21}{6}$

So when we subtract these two, we get $\frac{38}{6}$ .

7 0

3 years ago

Read 2 more answers

Scott Corporation produces a part for use in the production of one of its products. The per-unit costs associated with the annua

denpristay [2]

Answer:

It is cheaper to buy the part. The company will save $5,000.

Explanation:

Giving the following information:

UNitary production cost:

Direct Materials $10.50

Direct labor $24.00

Variable factory overhead $ 5.50

Total avoidable Fixed factory overhead= (12*1,000) - 5,000= 7,000

Larson Company has offered to sell 1,000 units of the same part to Scott Corporation for $42 per unit.

First, we need to calculate the total cost of making the units:

Total cost= (10.5 + 24 + 5.5)*1,000 + 7,000= $47,000

Now, the total cost of buying them:

Buy= 1,000*42= $42,000

It is cheaper to buy the part. The company will save $5,000.

3 0

3 years ago

Differentiate between the planning, organizing, leading, and controlling functions of management. ​

Differentiate between the planning, organizing, leading, and controlling functions of management.