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MrRa [10]
2 years ago
14

At the beginning of 2017, your company buys a $34,000 piece of equipment that it expects to use for 4 years. The equipment has a

n estimated residual value of $2,000. The company expects to produce a total of 200,000 units. Actual production is as follows: 41,000 units in 2017, 49,000 units in 2018, 45,000 units in 2019, and 65,000 units in 2020.
Required:
a. Determine the depreciable cost.
b. Calculate the depreciation expense per year under the straight-line method.
c. Use the straight-line method to prepare a depreciation schedule.
d. Calculate the depreciation rate per unit under the units-of-production method.
e. Use the units-of-production method to prepare a depreciation schedule.
Business
1 answer:
Elodia [21]2 years ago
4 0

Answer:

32,000

8000

see below

.16

see below

Explanation:

I'm not really sure what the schedule is supposed to look like (im not good at accounting) exactly but i whipped up something real quick in excel and if you have any questions ask

the depreciable cost is just cost-salvage (the amount that's going to be depreciated) so for us its 34000-2000 or 32,000

the depreciation expense is just the depreciable cost divided by the useful live (32,000/4)=8000

see my attempt at a depreciation schedule below

The deprecation rate per unit is the depreciable cost divided by the total units

32000/200000= .16

and you can see below my attempt at the units of production schedule

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First National Bank charges 13.1 percent compounded monthly on its business loans. First United Bank charges 13.4 percent compou
FinnZ [79.3K]

Answer:

EAR for First national Bank =  13.92 %

EAR for First United Bank = 13.85 %

Explanation:

given data

First National Bank charges =  13.1 percent

compounded monthly , 1 year = 12 month

First United Bank charges = 13.4 percent

compounded semiannually , 1 year = 2 semiannually

solution

we get here first EAR for First national Bank that is express as

EAR for First national Bank = (1+ \frac{r}{n} )^n - 1 .....................1

here r is rate and n is month

so put here value

EAR for First national Bank =  (1+ \frac{0.131}{12} )^{12} - 1

EAR for First national Bank =  13.92 %

and

EAR for First United Bank   is

EAR for First United Bank = (1+ \frac{r}{n} )^n - 1   ..................2

here r is rate and n is semi annually

EAR for First United Bank = (1+ \frac{0.134}{2} )^2 - 1

EAR for First United Bank = 13.85 %

here First United bank EAR is less

5 0
2 years ago
When we discuss _____ approaches, we are talking about how organizational decision makers actually approach ethical issues. a. O
Soloha48 [4]

Answer:

The correct answer is letter "E": Normative.

Explanation:

Normative Economics incorporates <em>subjectivity </em>and <em>value judgments</em> focusing on what "<em>should be</em>". It is usually implemented at the governmental level. Normative Economics leaves the door open for future changes, eliminates absolute statements and provides an avenue for analysis of different economic scenarios.

5 0
3 years ago
Juniper Bush Farm has a December 31 fiscal year end. The company has six notes payable
marusya05 [52]
Juniper Bush Farm has a December 31 fiscal year end. The company has six notes payable
outstanding on December 31, 2014, as follows:
i. A nine-month, 5%, $25,000 note payable issued on July 1, 2014. Interest is payable
monthly on the first day of each month starting on August 1.
ii. A six-month, 4%, $10,000 note payable issued on September 1, 2014. Interest and
principal are payable at maturity.
iii. A seven-month, 4.5%, $40,000 note payable issued on November 1, 2014. Interest and
principal are payable at maturity.
4 0
3 years ago
Berne, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per
Vladimir [108]

Answer and Explanation:

As per the data given in the question,

Flexible manufacturing overhead budget

Activity level :

Machine hours 2,000 hours    3,000 hours     4,000 hours

Variable costs :

Indirect labor $5     $10,000     $15,000           $20,000

Indirect material $2.50   $5,000  $7,500         $10,000

Maintenance $0.80  $1,600     $2,400             $3,200

Utilities $0.30   $600                $900               $1,200

Total variable cost $22,600     $25,800          $34,400

Fixed costs :

Supervision             $800        $800               $800

Insurance                $200         $200              $200

Property taxes        $300         $300              $300

Depreciation           $900        $900              $900

Total Fixed cost      $2,200     $2,200          $2,200

Total Cost               $24,800   $28,000        $36,600

3 0
2 years ago
Phoenix Farm, a firm that sells farm products, gathers fresh food products in one place for its customers. Customers can buy egg
natali 33 [55]

Answer:

Retailer

Explanation:

When a producer directly sells the goods to customers, who directly consume the goods rather than further sale, then the producer or seller is termed as retailer.

Goods on retail simply means sales for direct consumption.

Here, Phoenix Farms produces fresh food products which are directly consumables and are sold directly rather than involving intermediaries thus, he is a <u>retailer</u>.

5 0
3 years ago
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