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ehidna [41]
2 years ago
12

Slotkin Products purchased a machine for $65,000 on July 1, 2017. The company intends to depreciate it over 8 years using the do

uble-declining balance method. Salvage value is $5,000. Depreciation for 2017 is A) $8,125 B) $15,000 C) $32,500 D) $14,219
Business
1 answer:
frez [133]2 years ago
7 0

Answer:

A) $8,125

Explanation:

Note Slotkin Products uses the double-declining balance method. Under the double-declining balance method depreciation expense is calculated as :

Annual depreciation expense = 2 x SLDP x BVSLDP

where,

SLDP = 100 ÷ Useful life

         = 12.5 %

and

BVSLDP = Cost in first year or Book Value for other succeeding years =

therefore,

Annual Depreciation expense = 2 x 12.50 % x $65,000 = $16,250

thus,

Partial depreciation from July 1, 2017 to Dec 31, 2017 - 6 months will be :

Depreciation expense = $16,250 x 6/12 = $8,125

Conclusion :

Depreciation for 2017 is $8,125

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Penny Smooth, a U.S. trade negotiator, is using which conflict resolution technique if she makes the following statement to the
otez555 [7]

Answer:

E) Superordinate goals

Explanation:

Superordinate goals refers to goals that in order to be achieved, require that opposing or confronting sides of a negotiation process start to work together. Penny must be able to break down barriers in order to encourage people on opposite sides to view each other as people wanting to work and a company trying to do business, instead of someone or some group that we just dislike. That is essential for overcoming the differences that exist between both groups.

3 0
3 years ago
A company wants to market different types of shampoo using color-coded bottles, lids, and label print. It has four different col
Oxana [17]

Answer: 40 types

Explanation:

From the question, we are informed that a company wants to market different types of shampoo using color-coded bottles, lids, and label print and that the company has four different colors of lids, five different colors of bottles, and two different colors of print for the label available.

To calculate the different types of shampoo that the company can package, we use the multiplication principle. This will be:

= 4 × 5 × 2

= 40 types

7 0
3 years ago
Reflect on the various factors that affect development, both prenatally and postnatally. Select one factor and share a way that
katen-ka-za [31]

Answer:

A variety of factors affect development, prenatally and postnatally. A non-biological factor, the drug use by parents before and after child´s birth, affect both.

Explanation:

Drug use before, during and after pregnacy problem outcomes form, both  individual and environmental reasons. Drug prevention and treatment, traditionally  focused on changing individual behaviours have had very limited impact , as the environment hasn´t had necessary change, and the social determinants of  drug use have increased, with exacerbating factors that include cognitive limitations, poor parenting  and low family socio-economic status,  causing the development of  children, not receiving the nutrition and stimulation necessary, to be significantly impeded since the very conception, causing genetic predisposition  to drug use; in neonatal and infancy, the consequence might be to get a child with difficult temperament , in preschool, children could develop early behavioural and emotional disturbances, such as oppositional defiant disorder or, depression ; in primary school, children could be unable to self-regulate emotions and behaviour ; if they get to high school, children may be exposed to drug-using social contexts.

3 0
3 years ago
econ George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 5 wild boars. John g
kupik [55]

Answer:

The GDP of the island is  1,350 clam shells.

Explanation:

George and John produce fish, boars, and bananas in their two-person economy. Fish sell for 1 clamshell each, boars sell for 10 clamshells each, and bananas go for 5 clamshells per bunch.

In this economy, the GDP will be the value of final goods and services produced. Intermediate goods will not be included.  

Digging bait for fishing and the purchase of banana trees will not be included in the GDP.  

The GDP of the island in terms of clamshells will be  

= (300\times 1) + (5\times10)+(200\times5)

= 300 + 50 + 1,000

= 1,350 clam shells

8 0
3 years ago
Powell Company began the Year 2 accounting period with $20,000 cash, $60,400 inventory, $48,600 common stock, and $31,800 retain
jekas [21]

Answer:

Explanation:

1

Dr Accounts Receivable  74600                    

   Cr Sales Revenue   74600                  

Dr Cost of Goods Sold   37900                    

    Cr  Inventory     37900                  

2

Dr Freight Out  310                    

   Cr Cash     310                  

3

Dr Sales Revenue   3880                    

   Cr Accounts Receivable   3880

Dr Inventory    1910                    

 Cr Cost of Goods Sold    1910                  

4

Dr Sales Revenue   1160                    

   Cr Accounts Receivable    1160                  

5

Dr Cash   53300                    

   Cr Accounts Receivable A/c   53300                  

3 0
3 years ago
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