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AveGali [126]
3 years ago
5

Watson Corporation is considering buying a machine for $25,000. Its estimated useful life is 5 years, with no salvage value. Wat

son anticipates annual net income after taxes of $1,500 from the new machine. What is the accounting rate of return assuming that Watson uses straight-line depreciation and that income is earned uniformly throughout each year
Business
1 answer:
LuckyWell [14K]3 years ago
7 0

Answer:

12%

Explanation:

Accounting rate of return = Average net income / Average book value

Average book value = (Cost of equipment - salvage value) / 2

Average book value =  ($25,000 - 0) / 2 = $12,500

AAR = $1500 / $12,500 = 0.12 = 12%

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Greg was looking at different websites to complete his paper for his accounting class. He found several websites that ended in .
Masteriza [31]

In this question the options are missing; here are the options:

Which best describes how Greg could find more information about the website to check for its  validation?

Greg could assume it is valid because it is a .net.

Greg could look at the contact page to validate Frank's expertise.

Greg could look to see if the website was updated recently,

Greg could assume it is valid since Frank is not selling anything.

The answer to this question is B. Greg could look at the contact page to validate Frank's expertise.

Explanation:

One of the key factors that make a source to be credible is the expertise of the author because if the author is an expert in the area, the source is generally considered as credible. For example, the words of Isaac Newton are a credible source if these are related to areas such as maths, physics, or astronomy because he was an expert in this area. In this context, one way Greg could validate this source is by checking who is Frank Smith to verify if he is an expert in the topic. This makes option B correct.

3 0
3 years ago
On January 1, 2021, Splash City issues $340,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and
Evgesh-ka [11]

Answer:

Dr cash                                          $310,831

Dr discount on bonds payable   $29,169

Cr bonds payable                                             $340,000

On 30th June 2021

Dr  interest expense      $ 15,542  

Cr cash                                            $15,300

Cr discount on bonds payable        $242

On 31st   December  2021

Dr  interest expense      $ 15,554  

Cr cash                                            $15,300

Cr discount on bonds payable        $254

Explanation:

The bond issued at a discount is the first bond whose cash proceeds of $310,831 were less than face value of $340,000.

Discount=face value -cash proceeds=$340,000-$310,831=$29,169.00  

Find attached bond amortization schedule.

Download xlsx
7 0
4 years ago
The production sector would NOT include Group of answer choices a Florida orange grove a California wine grower a meat packing p
julsineya [31]

Answer: Meat packing plant

Explanation:

The options to the question are:

A. California wine grower

B. meat packing plant

C. horticultural nursery

D. Florida orange grove

E. none of the above

Of all the options given in the question, the correct answer is meat packing plant. It should be noted that the meat packaging plant will not be part of the production sector due to the fact that no productive activities are taking place, it only involves in services.

7 0
4 years ago
A major premise of a socialist system is: to reduce the inequality in the distribution of wealth. to make sure that those that c
vitfil [10]

Answer:

to reduce the inequality in the distribution of wealth. 

Explanation:

Socialism is an economic system where the means of production is held by the public. Production and distribution decisions are made by the public. This reduces the inequality in the distribution of wealth. 

This contrasts with the capitalist economic system where means of production are privately held. Production and distribution decisions are made by the market forces, which leads to inefficiency. There's also class division in a capitalist system as there's inequality in the distribution of wealth.

The capitalist economic system create incentives to encourage entrepreneurs to create jobs and economic growth.

I hope my answer helps you.

6 0
4 years ago
If you wanted to work in the pharmaceutical industry, the only branch of chemistry that would be applicable is organic chemistry
ryzh [129]
The statement is FALSE.

Not only organic chemistry but also physical, inorganic, analytical, biochemistry and other branches of chemistry is applicable to the pharmaceutical industry.

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
7 0
4 years ago
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