Balancing life in college will require paying attention to which aspects of your life in order

Disposal of Fixed Asset

andreev551 [17]

Answer:

$328000

Explanation:

Given: Cost of machine= $880000

Residual value= 60000

Estimated life= 10 years

Company use straight line depreciation method.

∴ Depreciation = $\frac{\textrm{cost of machine- residual value}}{estimated\ useful\ life}$

⇒ Depreciation= $\frac{880000 - 60000}{10} = \frac{820000}{10}$

∴ Depreciation= $\$ 82000$ per year.

Now, lets find the value of depreciation.

∵ Machine is sold on December 31, 2019, which is 6 years after it is installed.

∴ Depreciation value after 6 years= $\textrm{Depreciation value every year \times number of years used}$

Depreciation value after 6 years= $82000\times 6 = \$ 492000$

Next, finding the value of machine after 6 years of depreciation.

Value of machine after 6 years= $820000 - 492000= \$ 328000$

∴ Disposal value of machine after 6 years of usage is $\$ 328000$ , however, machine was sold at $225000.

4 0

3 years ago

an assembly operation at a furniture factory, six employees assembled an average of 450 standard dining chairs per five- ay week

nataly862011 [7]

Answer:

d. 15 chairs/worker/day

Explanation:

Given that

Average of standard dining chairs = 450

Number of employees = 6

Number of days in a week = 5

So, The formula and the computation of the labor productivity of this operation is presented below:

Labor Productivity = Output ÷ Labor Input

where,

Output = 450 standard dining chairs

Labor output = 6 employees × 5 days in a week = 30

So, labor productivity is

= 450 ÷ 30

= 15 chairs per worker per day

6 0

3 years ago

The Windshield division of Fast Car Co. makes windshields for use in Fast Car’s Assembly division. The Windshield division incur

fgiga [73]

Transfer price is an alternative term of opportunity cost.

$ 289.66 is the transfer price can be utilized for transport costs, loading and unloading costs, and administrative costs

solution

Transfer cost is the Total opportunity cost of moving an item from one place to another, including transport costs, loading and unloading costs, and administrative costs. Transfer price is an alternative term of opportunity cost.

Total variable cost = 740,000× $220 = 162,800,000

Total fixed cost = $3,950,000

Total selling cost = 740,000 × $515 = $381,100,000

Transfer cost = (selling cost - (variable cost + Fixed cost )

= ($381,100,000- ($162,800,000 + $3,950,000) = $214,350,000

$($381,100,000- ($162,800,000 + $3,950,000) = $214,350,000$

Transfer price = $214,350,000 ÷ 740,000 units = $ 289.66

$Transfer price = $214,350,000 ÷ 740,000 units = $ 289.66$

4 0

3 years ago

One of the elements of the Fraud Triangle focuses on how easy or hard it is for the internal control system to prevent any fraud

olga55 [171]

Answer: Opportunity

Explanation:

1. Opportunity - Given the fact that employees are granted access to very important documents, this might provide them the opportunity to commit theft. Employees who occupy top positions have access to classified information of the company which when manipulated can result to disastrous consequences. It now be holds on the employers of labour or the internal control system, to limit access to such information so as to make it hard for such fraud to be committed.

The procedures used by auditors to provide evidence are in two phases namely; the planning phase and execution phase.

1. The procedure for the planning phase is - Designing Appropriate Procedures : The evidence in this case could be a red flag noticed in the account records. The person who tried to commit the fraud could change figures in places that may not be noticeable.

2. The procedure for the execution phase involves - Implementing Appropriate Procedures : The evidence could be seen as an error. This error most likely results in wasteful spending.

8 0

3 years ago

The New York Federal Reserve Bank Group of answer choices

Paraphin [41]

The New York Federal Reserve Bank Group of president always gets to vote at the FOMC meetings.

A. president always gets to vote at the FOMC meetings.

<u>Explanation:</u>

The FOMC (Federal open market committee) is the the group which implements policies for the federal reserve systems. The New York Federal Reserve Bank Group, The president always gets to vote at the FOMC meetings.

There are 12 members who can vote and nine of the voting presidents of the reserve bank vote once in every three years. The president of the federal reserve bank also votes. the votes are casted in a rotating basis.

6 0

3 years ago