Phân phối của tài chính có đặc điểm *

jet costs and is expected to fly miles during its -year life. Residual value is expected to be zero because the plane was used

KiRa [710]

Answer: c. $3,960,000‬

Explanation:

Using the units-of-production method of depreciation, depreciation is done per unit used.

With a residual value of zero, the formula is;

= Cost x Millage used / Useful life mileage

= 55,000,000 x 36,000,000/500,000,000

= $3,960,000‬

4 0

4 years ago

Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,400 of direct materials, $6,966 of di

tiny-mole [99]

Answer:

$116,387

Explanation:

Opening work in process = Direct materials + Direct Labor + Overheads

= $2,400 + $6,966 + $10,104

= $19,470

Adding up all the cost for the period, we'll have;

Raw materials = $39,900 used in production

Direct labor cost = $25,110

Overheads to be applied on predetermined rate = 2,500 × $19.6

= $49,000

Total cost incurred including beginning work in process = $133,480

Less: Closing work in process $17,093

Total cost of goods manufactured = $116,387

8 0

3 years ago

Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:

Eduardwww [97]

The purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.

<h3>What is the purchase amount to be recorded?</h3>

The purchase amount that should be recorded on the date of purchase is the amount of the transaction. This does not take into account the return and discount which happened later.

This implies that Icon Co. will reduce the purchase amount on April 4 when half of the goods were returned with a contra entry. And discount will be based on the balance of $2,000 instead of $4,000.

<h3>Data and Calculations:</h3>

Purchase on April 2 = $4,000

Purchases Return on April 4 = $2,000

Thus, the purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.

Learn more about recording credit purchases at brainly.com/question/5651500

6 0

2 years ago

Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). The sales tax law requires D

garik1379 [7]

Answer:

1. Journal entry for the sales of merchandise

General Journal Entry

Date Account Titles and Explanation Debit Credit

Sept 30 Cash ($6000 + $300) $6,300

Sales $6,000

Sales Tax Payable($6000 * 5%) $300

(To record the collection of sales and sales tax)

2. Journal entry for the cost of merchandise sold

General Journal Entry

Date Account Titles and Explanation Debit Credit

Sept 30. Cost of goods sold $3,900

Merchandise inventory $3,900

(To record the cost of merchandise sold by receiving cash)

3. Journal entry for the cost of merchandise sold

General Journal Entry

Date Account Titles and Explanation Debit Credit

Oct 15. Sales Tax payable $300

Cash $300

(To record the payment of accrued sales tax to government)

3 0

4 years ago

In capitalism, most businesses have a profit motive. Describe at least one reason that businesses with a profit motive may be he

klemol [59]

Even though that particular business have the motive of increasing profit there would be a lot of benefits that the society will get such as...
Since most of the business are working for profit in the market this create competition among each other this results to a lower price in markets therfore the society can afford to buy things.

A bad side of such business could be the monopoly power, if there is no company that produces similar good or service they tend to abuse the consumers by increasing the price of the goods and services they provide as there are no other firms that provide similar goods or services.

7 0

3 years ago