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2 years ago

The financial institution that generally charged the lowest rates on loans is

Business

1 answer:

astra-53 [7]2 years ago

8 0

Banks and Credit Unions usually charge the lowest rates on loans.

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The Peridot Company purchased machinery on January 2, 2019, for $800,000. A five-year life was estimated and no residual value w

Umnica [9.8K]

Answer:

1.- Without Retrospective effect

2.- No as it comes from a change in estimations not an accounting error.

3.- yes. It will give a full explanation about the reasons to extend the useful life.

4.- Depreciation expense for 2021: 60,000

Explanation:

1.- The change in the useful life does not represent an accounting error. It comes from the estimation process.

800,000 - 160,000 x 2 = 480,000 book value at beginning 2021

480,000 / 8 new useful life = 60,000 depreciation per year.

5 0

3 years ago

2. How could you assess whether new office designs are improving the organizational culture

juin [17]

Answer:A proper office layout is the key to a high performance office. This means both good performance from your employees but also your business. Companies that have a great culture are highly sought after by prospective employees and can provide a competitive advantage in both hiring and retaining staff.

Explanation:

7 0

2 years ago

Estimated expenses of liquidation were $10,000. Henry, Isaac, and Jacobs shared profits and losses in a ratio of 2:4:4. Before l

stealth61 [152]

<u>Solution and Explanation:</u>

The total amount of cash available for safe payments would be $25,000 (90,000 - 60,000 - 5,000). This amount will be distributed between Henry and Jacobs in the ratio of 6:4 meaning that $15,000 (25,000*60%) will be given to Henry and $10,000 (25,000*40%) will be given to Jacobs.

The value of $120,000 will be distributed to the partners as follows:

Henry Issac Jacobs

Equity 80,000 110,000 140,000

Less Loss on Assets 36,000 72,000 72,000

Liquidation Expenses 1,000 2,000 2,000

Balances 43,000 36,000 66,000

Less Distribution

of Safe Payments to Partners 15,000 0 10,000

Net Balances $28,000 $36,000 $56,000

4 0

3 years ago

Direct Materials Variances Bellingham Company produces a product that requires nine standard pounds per unit. The standard price

Amanda [17]

Answer:

The correct answer is:

(a) -7783

(b) 6800

(c) -983

Explanation:

According to the given values in the question:

(a)

The price variance will be:

= $(8.5-8.93)\times 18100$

= $-0.43\times 18100$

= $-7783$ (Favorable)

(b)

The quantity variance will be:

= $(2100\times 9-18100)\times 8.5$

= $(18900-18100)\times 8.5$

= $800\times 8.5$

= $6800$ (Unfavorable)

(c)

The cost variance will be:

= $(2100\times 9\times 8.5)-(18100\times 8.93)$

= $(160650)-(161633)$

= $-983$ (Favorable)

4 0

2 years ago

There are different standards for due process in civil and criminal cases. True or False

kobusy [5.1K]

That statement is false

Due process refers to the treatment that both parties involved in a case should experience in order to obtain a hearing. The standard for the treatment is the same for civil and criminal cases. The only thing that different between the two only the magnitude of the punishment.

7 0

2 years ago