Answer:
The correct answer is B: $5,600
Explanation:
Giving the following information:
Schager Company purchased a computer system for $40,000. The estimated useful life is 10 years, and the estimated residual value is $5,000.
Double-declining balance method= Netbook value* (2/useful life in years)
Year 1:
Double-declining balance method= (40000-5000)*(2/10)= $7000
Year 2:
Double-declining balance method= (35000-7000)*0.20= $5,600
Answer:
True
Explanation:
Im sorry please forgive me I messed up big time
Answer:
Decker Enterprises
Based on the projections, Decker will have:___________:
b.) a financing surplus of $36
Explanation:
a) Data and Calculations:
Income Statement Current Projected
Sales na 1,500
Costs na 1,050
Profit before tax na 450
Taxes na 135
Net income na 315
Dividends na 95
Balance sheets Current Projected Current Projected
Current assets 100 115 Current liabilities 70 81
Net fixed assets 1,200 1,440 Long-term debt 300 360
Common stock 500 500
Retained earnings 430 650
Total 1,300 1,555 Total 1,300 1,591
b) Financing surplus 36
c) Decker Enterprises does not need additional financing, but has excess financing because the Liabilities and Equity are greater than the assets.
Answer:
A) $9,100, $9,100
Explanation:
Calculation for the net realizable value of the receivables before
Accounts receivable $9,500
Less Allowance for doubtful accounts 400
Net realizable value of the receivables BEFORE $9,100
Calculation net realizable value of the receivables after the write-off
Accounts receivable $9,500
Less Allowance for doubtful accounts 400
Net realizable value of the receivables AFTER $9,100
Therefore The net realizable value of the receivables before and after the write-off was
$9,100, $9,100
C:the chance you take that your investments will lose their value