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3 years ago

Describe the two basic kinds of energy and explain how energy and power are related.

Business

1 answer:

hichkok12 [17]3 years ago

5 0

Answer:

ur mom. stop asking for help on other ppls questions

Explanation:

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Amanda Company purchased a computer that cost $10,000. It had an estimated useful life of five years and a residual value of $1,

stepladder [879]

Answer:

C. A gain of $400

Explanation:

To recognize gain or loss on the transaction:

First, the company calculates the carrying amount of the asset by using the original cost of the asset, minus all accumulated depreciation and any accumulated impairment charges.

Then, subtract this carrying amount from the sale price of the asset. If the remainder is positive, it is a gain and if the remainder is negative, it is a loss.

Amanda Company uses straight-line depreciation, Depreciation Expense each year is calculated by following formula:

Depreciation Expense = (Cost of asset − Residual Value )/Useful Life = ($10,000-$1,000)/5 = $1,800

At the end of the third year:

1. The Accumulated depreciation = $1,800 x 3 = $5,400

2. The carrying amount of the asset = $10,000 - $5,400 = $4,600

Sale price - Carrying amount of the asset = $5,000 - $4,600 = $400 >0

=> The company recognized gain on disposal $400

5 0

3 years ago

Celine Dion Company issued $600,000 of 10%, 20-year bonds on January 1, 2017, at 102. Interest is payable semiannually on July 1

ivanzaharov [21]

Answer:

A) The issuance of the bonds.

January 1, 2017, bonds are issued

Dr Cash 612,000

Cr Bonds payable 600,000

Cr premium on bonds payable 12,000

B) The payment of interest and the related amortization on July 1, 2017.

July 1, 2017, first coupon is paid

Dr Interest expense 29,700

Dr Premium on bonds payable 300

Cr Cash 30,000

C) The accrual of interest and the related amortization on December 31, 2017.

December 31, 2017, accrued interest payable

Dr Interest expense 29,700

Cr interest payable 29,700

Explanation:

$600,000 of 10%, 20-year bonds at 102, interest is paid semiannually ($600,000 x 10% x 1/2 = $30,000)

straight line amortization method is used to amortize bond premium

bond premium = $12,000 / 40 coupons = $300 amortized with each coupon payment

7 0

3 years ago

During the year 2018, Swifty Company earned revenues of $90100, had expenses of $56200, purchased assets with a cost of $9000 an

vlada-n [284]

Answer:

$33900

Explanation:

Revenues for the year 2018 = $90100

Expenses for the year 2018 = $56200

Use Following formula to calculate Net Income

Net Income = Revenue for the year 2018 - Expenses for the year 2018

Net Income = $901,000 - $562,000

Net Income = $339,000

Net income for the year is $33900. Purchase asset are included in the asset section of balance sheet and dividend payment is deducted from the retained earning balance.

4 0

3 years ago

Suppose 40 percent of all potential workers are highly skilled and contribute $50,000 to the firm each year. The remaining 60 pe

lukranit [14]

Answer:

The firm willing to pay a worker chosen at random an amount of $38,000.

Explanation:

This can be calculated as follows:

Amount the firm is willing to pay = (40% × $50,000) + (60% × $30,000) = $20,000 + $18,000 = $38,000.

Therefore, the firm is willing to pay a worker chosen at random an amount of $38,000.

3 0

3 years ago

Please help me!! due tmrw!!!

Readme [11.4K]

Answer:

High supply, Low demand

Explanation:

If there is a lot of one product that no one wants, they lower the prices to get rid of it

5 0

3 years ago

Read 2 more answers