Answer: The asset's cost minus its accumulated depreciation.
Explanation: The book value of equipment owned by a company is the total worth of a company if it liquidated all its assets and substracted it's liabilities.
For easy computation it can be described as the Value of the Assets minute the accumulated depreciation for an equipment that depreciates according to time. Book value is of importance to the business as it helps to show what amount is actually the worth of a company when liquidated.
Answer: Calculate his net working capital
Explanation:
The net working capital shows a company's ability to pay off its short term obligations using its current assets.
It is calculated by subtracting the current liabilities of a company from its current assets. When net working capital is high, a company has enough to ensure that it can grow in the short run but when the net working capital is little or negative, the company will have a hard time paying off short term obligations which will affect its financial health.
Answer:
c. raw materials inventory.
Explanation:
The journal entry to record the indirect material used in the production is given below:
Manufacturing overhead Dr XXXXX
To Raw material XXXXX
(Being the indirect material used is recorded)
Here the manufacturing overhead is debited as it increased the expense while the raw material is credited as it decreased the assets
Therefore the option c is correct
Answer:
in the off season he should operate as long as he rent one boat for one month
Explanation:
Given data:
number of boat 10
rent cost for 1 boat $200
variable cost is $50
in the off season he should operate as long as he rent one boat for one month. the reason behind this is that at this condition variable cost is less than cost for rent. As long as he rent one boat for a month the variable cost remain less than the rent cost of boat
Answer Explanation:
(a) Income Statement
(b) Retained Earnings Statements
(c) Cash Flow statemennt or Balance sheet
(d) Balance sheet
(e) income statement
(f) cash flow if Flurry uses indirect method
(g) cash flow statement, investing activities
(h) balance sheet
(i) income statement
(j) income statement or retained earnings statement
(k) balance sheet
(l) retained earnings statemnt or balance sheet
(m) balance sheet
(n) balance sheet