1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
oee [108]
3 years ago
13

Oakland Tax Planning Service bought computer equipment for on January​ 1, 2018. It has an estimated useful life of four years an

d zero residual value. Oakland uses the straightline method to calculate depreciation and records depreciation expense in the books at the end of each month. Calculate the amount of Depreciation Expense for the​ period, January​ 1, 2018 through September​ 30, 2018, for this equipment.​ (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.)
A. $6,000

B. $6,500

C. $4,500

D. $5,000
Business
1 answer:
sergejj [24]3 years ago
4 0

Answer:

C. $4,500

Explanation:

The computation of the depreciation expense using the straight-line method is shown below:

= (Cost - residual value) ÷ Useful life of the asset  

= $24,000 ÷  48 months  

= $500  

Now for 9 months, it is

= $500 × 9 months

= $4,500

Hence, the depreciation expense is $4,500

Therefore the correct option is c. $4,500

You might be interested in
Samantha’s paper fits her audience and thesis but doesn’t match the purpose. which stage of the fact strategy applies
Alina [70]
The answer to the question above is FIT. The stages of the FACT strategy include fit, add, cut out, and test. In this case, the one that fits Samantha's situation is fit. In the FACT strategy in writing, this is when the topic relates to its audience and thesis, but then, it deviates to what the real purpose of the writing is all about. 
4 0
4 years ago
Companies have the opportunity to use varying amounts of different sources of financing, including internal and external sources
Mrrafil [7]

Answer:

A) Company A is the one that is financially leveraged.

Where there is the presence of debt in the capital structure of a firm, that firm is said to be Financially leveraged.

B) A is true.

A company's return on equity or expected returns increases because the use of leverage increases stock volatility. Volatility increases its level of risk which in turn increases returns. This happens only if the company is operating an ideal level of financial leverage.

On the other hand, however, but excessive debt can increase the risk of default and can lead to low returns or even bankruptcy.

Cheers!

5 0
3 years ago
Abraham’s Eatery uses a lunch box supplier that has a sales rep come by weekly to order boxes. Abraham wants a 98% service level
fredd [130]

Answer:

There is no enough information to answer this question

Explanation:

5 0
4 years ago
On October 1, 2021, Ca Corporation declared and issued a 10% stock dividend. Before this date, Ca had 80,000 shares of $5 par co
Reika [66]

Answer:

The correct answer is Option A.

Explanation:

The overall effect this declaration would has on the retained earnings would be determined using the current market value, meanwhile the effect on common stock would determined using the par value.

Stock dividend declared = 10% x 80,000 shares x $10 = $80,000

The effect on common stock will be = 10% x 80,000 shares x $5 = $40,000

So, paid in capital in excess of par value common stock is $80,000 - $40,000 = $40,000.

Necessary accounting entries

Debit Retained earnings $80,000

Credit Common stock $40,000

Credit paid in capital in excess of par value common stock $40,000

<em>(To record declaration of 10% stock dividend)</em>

8 0
3 years ago
At the grocery store, marlon has narrowed down his selections to 44 vegetables, 55 fruits, 66 cheeses, and 77 whole grain breads
den301095 [7]
105 if the vegetables, fruits, and cheeses are unique.
6 if the vegetables, fruits, and cheeses are interchangeable.

There are 2 possible solutions to this problem depending upon how you actually look at the problem. Both solutions assume that the problem gets simplified to "What 13 items out of the 4 vegetables, 5 fruits, and 6 cheeses, will Marlon select?" The reason is because Marlon is going to select the 7 breads, so he can only select 13 more items.

First possible solution is that the vegetables, fruits, and cheeses are unique. For instance he has peas, carrots, tomatoes, and beans as his vegetables and the same for fruits and cheeses. For that situation, the number of ways to fill the remaining 13 slots is 15!/(13!2!) = 105 possible ways.

The second possible solution is that he has 4 identical vegetables, 5 identical fruits, and 5 identical cheeses. Since each item of each type is identical, there isn't any real distinction between them. So let's simplify the problem and instead as "Which 2 items Marlon won't buy?" and the answer to that question will be the same as the number of things he will buy. But it will be small enough to completely enumerate the possible solutions. Marlon may throw away as the first item any of a vegetable, fruit, or cheese for a total of 3 possibilities. And for the 2nd item, it can also be any of a vegetable, fruit, or cheese. So you have 9 possibilities. But that's not completely true. There's no real difference between vegetable/cheese and cheese/vegetable. So if you ignore the order, there's a total of 6 different combinations that Marlon can toss out of his cart. And therefore there is a total of 6 possibilities for Marlon to fill the remaining 13 slots he has in order to use the express lane.

3 0
4 years ago
Other questions:
  • Use the IS-LM graphs to answer this question. Suppose there is a simultaneous increase in government spending and reduction in t
    11·1 answer
  • A ________ exists when paid staff conduct most of the daily business of a group.
    6·1 answer
  • The Sunny Hills school district always has a flood of applicants because of the continuous learning opportunities they provide a
    5·1 answer
  • Levin Furniture buys a living room set with a $4,000 list price and a 55% trade discount. Freight (FOB shipping point) of $50 is
    5·1 answer
  • Connor Corp. has large amount of data that they are trying to analyze from the last 15 years. They have an arithmetic sales grow
    13·1 answer
  • Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July 1 8,500 Desired inventory (unit
    10·1 answer
  • Money and currency are related because?
    5·1 answer
  • Eve shops at Mrs. G's Grocery because it is located right near her place of work. Although Mrs. G's prices are higher than Walma
    6·1 answer
  • During the month of June, Indigo Boutique recorded cash sales of $274,990 and credit sales of $165,636, both of which include th
    6·1 answer
  • What is a sales quote?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!