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True [87]
2 years ago
14

The Doodad Company purchases a machine for $400,000. The machine has an estimated residual value of $20,000. The company expects

the machine to produce two million units. The machine is used to make 400,000 units during the current period. Use the information above to answer the following question. If the units-of-production method is used, the depreciation expense for this period is: A. $80,000. B. $400,000. C. $380,000. D. $76,000.
Business
1 answer:
riadik2000 [5.3K]2 years ago
5 0

Answer: $76,000

Explanation:

Depreciation per unit = (Cost - Residual value) / Number of units expected to be produced

= (400,000 - 20,000) / 2,000,000

= $0.19 per unit

40,000 units were used this period so the depreciation is:

= 400,000 * 0.19

= $76,000

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Svetllana [295]

Answer:

The correct option is A that is introduction

Explanation:

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So, making the customer aware of the existence and the features of the product, the introduction stage is the one which will help the company to make the product aware in the market.

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What does a person need if he or she is not able to pay for a planned purchase in full with a check or cash? A. a credit card B.
Gennadij [26K]

Answer:

C. a long-term loan from a bank

Explanation:

A loan or credit facility is suitable when a person is unable to pay in cash or by check. Lenders such as banks and credit unions offer credit facilities to their customers. These institutions charge  interest on loans advanced.

When planning for a capital intensive purchase, a long term bank loan is suitable. Banks can extend credit facilities for huge amounts of money. The monthly repayments and interest rates for a long-term loan are usually low, making it affordable to many borrowers.

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2 years ago
Flint Corporation issued 700 shares of no-par common stock for $7,800. Prepare Flint’s journal entry if (a) the stock has no sta
Masja [62]

Answer:Flint corporation journal $

Date

1. Bank account Dr 7800

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2. Bank account Dr 7800

Common stock Cr. 1400

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Narration. Issuance of 700 ordinary at $7800 at a premium.

Explanation:

Shares can be issued at par, premium or discount. When it's issued at it's nominal value it's said to be issued at par, when it's issued above it's nominal value it's said to be issued at a premium and when it's issued below par it's said to issued at a discount.

4 0
3 years ago
Read 2 more answers
Allison invested $23,000 in an account paying an interest rate of 6.7% compounded annually. Assuming no deposits or withdrawals
Vadim26 [7]

Answer:

18 years

Explanation:

Given that;

P= $23,000

A= $76,300

r= 6.7%

From

A = P(1 + r/100)^n

76,300 = 23,000 (1 + 0.067)^n

3.3 = (1.067)^n

Taking logarithm of both sides

log 3.3 = log (1.067)^n

log 3.3 = nlog(1.067)

n= log 3.3/log 1.067

n= 0.5185/0.0282

n= 18 years ( to the nearest year)

8 0
3 years ago
If a egg need 5 mins to cook how many mins 7 eggs need to cook
denis23 [38]

35 its just 5 x 7 you multiply the number of eggs by how many minutes.

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