How many times did Donald trump declare bankruptcy

A person with a master’s degree is most likely qualified for a career as

julsineya [31]

A master's degree is an academic degree awarded by universities or colleges. Maybe try looking up the requirements for the jobs to see what type of degree is needed. but I would guess B or C.

5 0

4 years ago

Read 2 more answers

On January 1, a machine with a useful life of five years and a residual value of $80,000 was purchased for $240,000. What is the

Alex17521 [72]

Answer:

$57,600

Explanation:

The computation of the depreciation expense under the Double-declining balance method is shown below:

First we have to find the depreciation rate which is shown below:

= 1 ÷ useful life

= 1 ÷ 5 years

= 20%

Now the rate is double So, 40%

In year 1, the original cost is $240,000, so the depreciation is $96,000 after applying the 40% depreciation rate

And, in year 2, the $144,000 × 40% = $57,600

The $144,000 is come from

= $240,000 - $96,000

= $144,000

3 0

3 years ago

If the allocation base in the pre-determined overhead rate does not drive overhead costs, it will nevertheless provide reasonabl

navik [9.2K]

Answer:

B. False

Explanation:

The production costs are the cost that is involved in the formation of a product and they include the direct labor and material and the consumer production supplies and the factory overhead.

The production cost can also be also to be considered to be the cost of the labor that is delivered to a service to the consumer. The overhead cost includes the insurance, the interest, and the legal fees, and does not involve an averaging process.

4 0

4 years ago

A partial list of Waterways' accounts and their balances for the month of November 2016 follows:

lesya [120]

Answer:

Total current assets = $697,750

Explanation:

The partial balance sheet is as follows:

Waterways Corporation

Balance Sheet (Partial)

For the month of November 2016

Details $ $ 

Current Assets

Cash 260,000

Accounts Receivable 275,000

Finished Goods Inventory, November 68,800

Raw Materials Inventory, November 52,700

Prepaid Expenses 41,250

Total current assets 697,750

Note:

Cash is the most liquid of assets.

Accounts receivable which should be collected within 30 to 60 days are less liquid than cash, but more liquid than inventory.

Finished Goods Inventory which is expected to be sold and converted to cash within one year, and Raw Materials Inventory which is expected to be converted to finished good within one year are more liquid than Prepaid expense.

Therefore, the least liquid among current assets’ item above is the Prepaid Expense as it is cash paid for services not yet received..

4 0

3 years ago

Sheridan Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An emplo

Artist 52 [7]

Answer:

A. The cost of asset being depreciated is $57,000

B.The amount of salvage value is $5,700

Explanation:

Among the above-mentioned methods of depreciation, the only method that never consider salvage value on its computation of depreciation expense is the double declining method. So let’s use this method to work back the exact amount depreciable amount of an asset.

Formula : 100% / life of an asset x 2

100% / 5 x 2 = 40%

Y1 = $22,800/40 = 57,000

so to check if the amount is correct, let’s do the computation of 5-year depreciation.

Y1 57,000 x 40% = 22,800 (same as the given data)

Y2 (57,000 - 22,800) x 40% =13,680

Y3 (57,000 - 22,800 - 13,680) x 40% = 8,208

Y4 (57,000-22,800 - 13,680 - 8,208) x 40% = 4,925

Y5 (57,000 -22,800 - 13,680 - 8,208 - 4,925) x 40% = 1,687* (adjusted based on the depreciable amount)

B. To compute the salvage value, we simply deduct the total depreciation from the cost of an asset.

57,000 - 51,300 = 5,700

To check:

(57,000 - 5,700) / 5 years = 10,260

8 0

3 years ago