Does anyone have a copy of the spreadsheet assignment for career prep b

Western Inc. purchases a machine for $70,000. This machine qualifies as a five-year recovery asset under MACRS with the fixed de

Ne4ueva [31]

Western Inc. purchases a machine for $70,000. This machine qualifies as a five-year recovery asset under MACRS with the fixed depreciation percentages- the cash flow from disposal is $46720

Explanation:

Given that the four-year sale is at $50,000.

we know that the book value of the machine must be established in order to determine if a gain or loss has been incurred at disposal.

The depreciation schedule for the $70,000 machine is: given as

Year 1: $70,000 × 0.2000 = $14,000

Year 2: $70,000 × 0.3200 = $22,400

Accumulated Depreciation = $14,000 + $22,400 = $36,400

Book Value of machine = $70,000 - $36,400 = $33,600

Gain on disposal is $50,000 - $33,600 = $16,400

Tax on Gain = Gain on disposal × Tax rate = $16,400 &

times; 0.20 = 20% of $16,400=20/100*16400=3,280

After-Tax Cash Flow at disposal = $50,000 - $3,280 = $46,720

8 0

3 years ago

If there are too few respondents in the lowest income category, this category may be combined or merged with the next lowest cat

Nostrana [21]

Answer: E) Recoding

Explanation:

Recoding refers to the changing of a variable to better suit the needs for which the variable is being collected.

The variable's parameters can be redefined using recoding to either include more information or less so that the result can be more reflective of the situation on ground.

In mixing the lowest income category with the next lowest, recoding would have occurred.

5 0

3 years ago

Jared's boss encourages employees to participate in the decision-making process but does not give them complete freedom to do as

strojnjashka [21]

Answer:

D) democratic

Explanation:

A democratic leadership style is a type of leadership where a leader asks for the inputs of emoloyees in making decisions and the final decision made by the leader is based on the inputs of members.

Jared's boss allows his staff to give inputs but he makes the ultimate decision .

In an autocratic leadership style, the leader doesn't take any input from employees when making decisions.

Laissez faire is a type of leadership style where employees are given a free rein in the company.

7 0

3 years ago

Journalize the December 31 adjusting entry required if the amount of unearned fees at the end of the year is $12,530. Refer to t

BlackZzzverrR [31]

Answer:

Dr Unearned fees $24,510

Cr Fees earned $24,510

Explanation:

Preparation of the December 31 adjusting entry required

Based on the information given if the balance shown in the unearned fees account was the amount of $37,040 before adjustment at the end of the year which means that if the amount of unearned fees at the end of the year is the amount of $12,530 the December 31 adjusting entry required will be :

Dr Unearned fees $24,510

Cr Fees earned $24,510

($37,040-$12,530)

7 0

2 years ago

Barga Co.'s net sales for Year 1 and Year 2 are $663,000 and $744,000, respectively. Its year-end balances of accounts receivabl

MrRa [10]

Answer:

Year 1 = 35.23 days

Year 2 = 44.64 days

Explanation:

Days' Sales Uncollected = Accounts receivable / Net Sales * Days

Year 1 = $64,000 / $663,000 * 365 days = 35.23 days

Year 2= $91,000 / $744,000 * 365 days = 44.64 days

4 0

3 years ago