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kaheart [24]
3 years ago
15

Shelby Cabinets, Inc. produces custom cabinets. The following inventory balances appeared on its balance sheet.

Business
1 answer:
velikii [3]3 years ago
8 0

Answer:

$855,000 yippie!!!

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Which of the following is a source of insurance? *
emmasim [6.3K]

Answer:

Court ruling

Regulations

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2 years ago
Downs Tax Planning Service bought communications equipment for $9,600 on January 1, 2017. It has an estimated useful life of fiv
MaRussiya [10]

Answer:

$960

Explanation:

For computing the accumulated depreciation, first we have to compute the depreciation expense which is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($9,600 - $0) ÷ (5 years)

= ($9,600) ÷ (5 years)  

= $1,920

This is a full year depreciation but we have to find out for June 30,2017 i.e 6 months

= $1,920 ÷ 12 months × 6 months

= $960

The same is recorded as an accumulated depreciation

3 0
3 years ago
Alex’s business is experiencing diminishing market shares and no longer needs any external finance. In fact, it is trying to buy
sdas [7]

Answer:

decline stage

Explanation:

In this stage the company has already took the benefits of issuing stocks as a way of funding. Had managed to make great investments, alliances, projects, that lead to a powerful market position. Then, having their stocks shared with lots of stakeholders is more a burden than a blessing. For this reason, they prefer to consolidate the control of the company as they don’t see valuable opportunities in the future market scenarios.

4 0
3 years ago
Which of the following personal decisions could have an effect on your job? a. Staying up late at night causing you to be tired
algol [13]

Answer:

d. All of the above

Explanation:

Every workplace has its written and unwritten rules, regulations, and social conventions.

Staying up late which would make an employee sluggish at work, choosing to wear pajama pants in a formal office meeting, and inviting loud and rowdy friends to your workplace would definitely have a negative effect on one's job because those decisions and behavior are unprofessional.

6 0
3 years ago
What is the name of the economic concept that acknowledges that personal and financial resources are used for one purpose these
ddd [48]

Answer:

This concept is called the opportunity cost.

Explanation:

The opportunity cost of any economic decision is the cost of giving up or sacrificing its alternative. We are aware that resources are limited and have alternative uses. We have to use these resources to satisfy unlimited wants and needs.  

If we use resources for one purpose it cannot be used for another. So we have to make a decision on how to spend the resources, on which alternative use. If we select one alternative, we need to give up another. The cost incurred on sacrificing or giving up the other alternative is the opportunity cost of using the resource for the first alternative.

3 0
3 years ago
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