Label Plus, LLC, ......................... Due to increased support from DEPARTMENT OF COMMERCE'S BUREAU OF INDUSTRY AND SECURITY.
The department of commerce's bureau of industry and security helps small businesses by supplying them with information which can help their business to succeed on the international scale.
Answer:
It is $30,000(C)
Explanation:
Depreciable cost = $90,000
Using straight-line method,
Annual depreciation = $90,000/3
= $30,000.
Hence, depreciation expense at the final year of service is $30,000
We cannot make use of entire cost of equipment of $120,000 because it seemed the company wanted to sell its scrap value for $30,000. Hence, this has been used to reduced it cost to $90,000 which is a depreciable cost .
Answer and explanation:
As their name describes, <em>nonprofit entities</em> are organizations whose main plan is not to have revenues out of their operations. They usually provide social services to different sectors of the population and can handle their operations mainly thanks to charity and donations. While making their budgets, these organizations cannot estimate their revenues since they cannot take donations for granted. Instead, they estimate their expenses since they will be incurred for sure.
Answer:
World's journal entry to record the sales transaction is:
<em>Note Receivable ; Jax Recording Studio $8,200 (debit)</em>
<em>Sales Revenue $8,200 (credit)</em>
Explanation:
Music World is the seller and must recognize Revenue following the sale.The Revenue is initially recognized at the value of sale of $8,200. Music World must also recognize an Asset on the promissory note signed to the value of $8,200.
Answer:
to obtain 10,000 hours of light you would need:
option 1)
10 incandescent light bulbs costing $0.50 each = $5
this incandescent light bulbs will consume 60 x 10,000 = 60,000 watts or 60 kWh = 60 x $0.10 = $6 in electricity
total costs using incandescent light bulbs = $5 + $6 = $11
option 2)
1 fluorescent light bulb = $4
this fluorescent light bulb will consume 15 x 10,000 = 15,000 watts or 15 kWh = 15 x $0.10 = $1.50
total costs using fluorescent light bulbs = $4 + $1.50 = $5.50