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3 years ago

Define ''limited in stock''

Business

1 answer:

lianna [129]3 years ago

3 0

Answer:

Inventory status of “Limited Stock” means that the retailer is reporting an item quantity of 1 on hand. This last remaining unit is oftentimes a display model of the product and therefore may not be available for sale. Occasionally a retailer may indicate "Limited Stock" for high demand items as well.

Explanation:

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What savings account generally pays the least amount of interest of all savings options? account

Hunter-Best [27]

Answer:

Regular savings accounts

Explanation:

Regular savings accounts are also called deposit savings accounts. They are the easiest way to save money in a bank or credit union and receive interest. These types of accounts require a small deposit to open, and the minimum balance is also low. One can avoid monthly charges by maintaining the minimum balance at all times.

The deposit/regular savings accounts are very liquid. Most banks will not have restrictions on the number of deposits and withdrawals per period, say a month. Due to this feature, these accounts earn the lowest interest compared to the other savings accounts. Deposit/ regular accounts are also referred to as transactional savings accounts.

The other types of savings accounts include Money market accounts and Certificates of deposit accounts.

5 0

3 years ago

Mendrisio Company purchased a piece of machinery for $30,000 on January 1, 2019, and has been depreciating the machine using the

aleksley [76]

Answer:

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

Explanation:

According to the given data we have the following:

Sum of year digits=5(5+1)/2

Sum of year digits=(5*6)/2

Sum of year digits=15

Depreciation for year 2019=$30,000*5/15

Depreciation for year 2019=$10,000

Depreciation for year 2020=$30,000*4/15

Depreciation for year 2020=$8,000

Therefore, book value as on january 1, 2021=$30,000-$10,000-$8,000

book value as on january 1, 2021=$12,000

Revised useful life=6 years-2 years=4 years

Therefore, Revised depreciation for 2021=$12,000/4

Revised depreciation for 2021=$3,000

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

3 0

3 years ago

Allen Construction purchased a crane 6 years ago for $130,000. They need a crane of this capacity for the next 5 years. Normal o

Korvikt [17]

Answer:

For retaining of Old Machine Equipment

Price of old equipment 3 yrs ago = $130,000

O & M cost per year = $35,000

Using the Cash flow approach

End of year Cash flow 1 Old equipment

0 $0 Initial Cash flow

1 -$35,000 O & M cost per year

2 -$35,000 O & M cost per year

3 -$35,000 O & M cost per year

4 -$35,000 O & M cost per year

5 -$35,000 O & M cost per year

Hence, Annual worth = Initial cash flow + Annual cost

Annual worth = 0 - $35,000

Annual worth = -$35,000

For buying of new equipment

Cost of buying new crane = $150,000

Market value of old crane = $40,000

Time = 5 years

O & M cost per year = $8,000

Salvage value = $55,000

MARR = 20%

Using the Cash flow approach

End of year Cash flow 1 New equipment

0 $110,000 -$150,000 + $40,000

1 -$8,000 O & M cost per year

2 -$8,000 O & M cost per year

3 -$8,000 O & M cost per year

4 -$8,000 O & M cost per year

5 $47,000 -$8,000 + $55,000

Annual worth = Initial cash flow + Annual cost + Salvage value

Annual worth = -$110,000(A/P 20%,5) - $8,000 + $55,000(A/P 20%,5)

Annual worth = -$110,000*(0.334) - $8,000 + $55,000*(0.134)

Annual worth = -$36,781.77 - $8,000 + $7,390.88

Annual worth = -$37,908.88

Conclusion: We should retain the old machine as it is more favorable than purchase of new equipment

5 0

3 years ago

Swann Company sold a delivery truck on April 1, 2019. Swann had acquired the truck on January 1, 2015, for $42,000. At acquisiti

Debora [2.8K]

Answer:

First we must record the depreciation expense for January, February and March:

Depreciation expense for 3 months = ($42,000 - $5,000) x 3/60 = $1,850

April 1, depreciation expense for January, February and March:

Dr Depreciation Expense 1,850

Cr Accumulated depreciation 1,850

the book value of the truck = $12,400 - $1,850 = $10,550

1) If the truck was sold at $12,000:

April 1, truck is sold at $12,000

Dr Cash 12,000

Dr Accumulated depreciation 31,450

Cr Gain from sale 1,450

Cr Truck 42,000

If the truck was sold at $9,000:

April 1, truck is sold at $9,000

Dr Cash 9,000

Dr Accumulated depreciation 31,450

Dr Loss from sale 1,550

Cr Truck 42,000

2) The gain or loss resulting from the disposal of the truck must be included in the income statement under gain/loss from sale of assets.

3) If Swann uses IFRS and had recorded a revaluation surplus on the truck:

April 1, truck is sold at $12,000

Dr Cash 12,000

Dr Revaluation surplus 4,000

Dr Loss from sale 1,450

Cr Truck 14,550

7 0

3 years ago

What is the opposite of fade-in, when the image goes black?

Flura [38]

Answer:Umm fade out is the opposite if fade in, but it might not be correct.

Explanation:

;)

5 0

3 years ago