URL in brainly......how its changed

Gerrald Express is a partnership business registered in Singapore. The partners are Glenn and Kim. Each of the partners contribu

Nonamiya [84]

Answer:

i dont knowpls mark me as brinlest

Explanation:

6 0

3 years ago

Aikman Company paid dividends of $2,420, $0, $1,440 and $1,010 over the first four years of the company's existence, respectivel

natima [27]

Answer:

$3,642.50

Explanation:

For computing the average annual amount of net income (loss), first we have to compute the net income which is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

$9,700 = $0 + Net income - ($2,420 + $0 + $1,440 + $1,010)

$9,700 = $0 + Net income - $4,870

So, the net income is

= $9,700 + $4,870

= $14,570

Now the average annual amount of net income is

= $\frac{Net\ income}{Number\ of\ years}$

= $\frac{\$14,570}{4}$

= $3,642.50

5 0

3 years ago

In one hour of labor input, South Korea can produce either 100 computer chips or 50 bed linens. In the U.S., in one hour of labo

tangare [24]

Answer:

b. The U.S. has an absolute advantage in computer chips manufacturing.

Explanation:

South Korea's opportunity cost of producing 1 bed linen = 100/50 = 2 computer chips. Where, US' opportunity cost of producing 1 bed linen = 150/100 = 1.5 computer chips.

As US' opportunity cost of producing 1 bed linen is less than that of South Korea's , Therefore, US has comparative advantage in production of bed linen and south korea will have comparative advantage in production of the other good i.e. computer chips.

Now looking at the absolute advantage, US has absolute advantage in production of both goods i.e. Bed linen and computer chips, because using same one hour of labor input, US can produce more bed linen and computer chips than South korea does.

8 0

3 years ago

Casey Electronics has a piece of machinery that costs $300,000 and is expected to have a useful life of 6 years or 40,000 hours.

Klio2033 [76]

Answer:

a) $37,500

Explanation:

In order to determine the depreciation for year 1 based on the units-of-production method, we apply the formula below:

Annual Depreciation= Depreciable Value × Units produced during the year /Estimated total production

Depreciable Value = Original cost – Scrap value

depreciable value=$300,000-$50,000=$250,000

Units produced during the year=6,000 hours

Estimated total production in hours=40,000 hours

first-year depreciation=$250,000*6000/40000

first-year depreciation=$ 37,500.00

8 0

3 years ago

Quantas Industries sold $300,000 of consumer electronics during January under a one-year warranty. The cost to repair defects un

finlep [7]

Answer:

January 31.

Warranty Expense $18,000 (debit)

Warranty Provision $18,000 (credit)

June 20.

Warranty Provision $183 (debit)

Cash $183 (credit)

Explanation:

There is no option on the customer to take the warranty or not. There this type of Warranty is known as an Assurance Type Warranty.

Assurance type warranties are accounted in terms of the Provision Standards as follows ;

Entry when the warranty is granted

Warranty Expense $18,000 (debit)

Warranty Provision $18,000 (credit)

Being recognition of warranty cost and provision.

Warranty Expense $300,000 × 6% = $18,000

When the Warranty Claim is subsequently received.

Warranty Provision $183 (debit)

Cash $183 (credit)

Being utilization of Provision when the warranty claim is received.

3 0

4 years ago