1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MrMuchimi
2 years ago
8

Jasmine Company purchased a depreciable asset for $225,000. The estimated salvage value is $15,000, and the estimated useful lif

e is 8 years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the second year on this asset
Business
1 answer:
ICE Princess25 [194]2 years ago
8 0

Answer:

$225,000 × [(1 ÷ 8) × 2] = $56,250 ($225,000 - $56,250) × [(1 ÷ 8) × 2] = $42,188 is the correct answer.

Explanation:

You might be interested in
Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of
Ghella [55]

Answer:

Diane Corporation

The amount of current liabilities is:

=  $106,600.

Explanation:

a) Data and Calculations:

Total assets $ 550,000

Total noncurrent assets 352,000

Liabilities: Notes payable (8%, due in 5 years) 21,000

Accounts payable 51,000

Income taxes payable 14,000

Liability for withholding taxes 4,000

Rent revenue collected in advance 9,000

Bonds payable (due in 15 years) 100,000

Wages payable 9,000

Property taxes payable 5,000

Note payable (10%, due in 6 months) 14,000

Interest payable 600

Common stock 250,000

Current liabilities:

Accounts payable                                $51,000

Income taxes payable                           14,000

Liability for withholding taxes                4,000

Rent revenue collected in advance      9,000

Wages payable                                      9,000

Property taxes payable                         5,000

Note payable (10%, due in 6 months) 14,000

Interest payable                                       600

Total current liabilities =                 $106,600

b) Current liabilities represent the debts that Diane owes creditors within the current accounting period.  They have short-term duration or are due to be repaid within the next 12 months.

3 0
3 years ago
_____ planning is short-range, detailed planning that is based on long-range planning. It typically has a time frame that is les
PolarNik [594]

Answer: Tactical planning

Explanation:

In tactical planning, a company's strategic plan is planned and ways are generated to achive the objectives of a company by using short-term actions.

Tactical plans are required to help teams to accomplish their goals by utilizing the steps that are clearly defined through short term outcomes and it is usually less than a year.

7 0
3 years ago
The growth rate in the fourth quarter of 2010 was 3.1%. What was the growth rate in the first quarter of 2011?
TiliK225 [7]
The answer is C) 1.9
5 0
3 years ago
Read 2 more answers
Explain the importance of benefits on employee retention
victus00 [196]
Employees that enjoy what they do and the atmosphere in which they work are more likely to remain employed with their company. Retention strategies are important because they help create a positive work environment and strengthen an employee's commitment to the organization. By giving employees more perks, more money, and more benefits, you will increase morale.
6 0
3 years ago
As a manager for your company some of your responsibilities include measuring metrics and overseeing company strategies. You obs
Ilya [14]

Answer:

The primary reason for the large increase in productivity would be the management factor.

Explanation

An important factor that affects the productivity in a company is the management that can have a great influence as good managers that are competent, make a good use of the resources, implement good strategies and develop good relationships with employees generating a good working environment help increase the productivity. According to the question, this is the main reason that can be inferred.

8 0
3 years ago
Other questions:
  • What factor is NOT included in determining the total cost of a loan?
    14·1 answer
  • During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to sharehol
    9·1 answer
  • Business products that are purchased routinely, do not become part of finished goods, and are expense items rather than capital
    13·1 answer
  • During its first year of operations, Mack's Plumbing Supply Co. had sales of $3,250,000, wrote off $27,800 of accounts as uncoll
    10·1 answer
  • Balance sheet and income statement data indicate the following: Bonds payable, 6% (due in 15 years) $1,200,000; preferred 8% sto
    5·1 answer
  • How do you explain the fact that in the business world basically good people sometimes act immorally?
    14·1 answer
  • According to the textbook, in which medium do advertisers spend the most money in
    10·1 answer
  • In which countries do people prefer discussing business during meals?​
    11·2 answers
  • A sales associate has a house listed at $200,000. It's overpriced and he feels it has only a 70% chance of selling in the origin
    9·1 answer
  • If a company incurs legal obligations associated with the retirement of a tangible long-lived asset as a result of acquiring the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!