Answer:
The answer is "148050 and 246740".
Explanation:
Please find the complete question in the attached file.
for point a:
Cost 
Less: Salvage value 
Depreciable cost 
Divide by Useful life 
Annual Depreciation 
Depreciation expense
Accumulated Depreciation
for point b:
Double declining balance rate 
Depreciation for 2019 
Depreciation for 2020
Depreciation expense for 2021 
Depreciation expense 78840
Accumulated Depreciation 
Answer:
Beautiful Clocks
It should be a large Golden (50th Year) Anniversary Ornamental Clock with gold-tinted background.
Explanation:
This type of clock will be handy for those who want to celebrate their friends' 50th birthdays and other anniversaries. It will also immortalize the Beautiful Clock Company as an entity that lives with the time. This clock will be exciting to its affluent clientele, who are always in celebration moods.
Answer:
$292,300
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is presented below:
Cash flow from Operating activities
Net income $194,700
Add: Depreciation expense $47,700
Add: Loss on the disposal of plant assets $4,900
Add: Decrease in accounts receivable $19,900
Add: Increase in accounts payable $21,900
Add: Decrease in prepaid expenses $3,200
Net Cash flow from Operating activities $292,300
<h2>Yes GDP is a good measure of the prosperity of the average person.</h2>
Explanation:
GDP - Gross domestic Product
The GDP will take the entire output of goods and services produced in a year by everyone within the country's borders.
- Real GDP is the best than nominal GDP
- GDP acts as a component of a human welfare
One drawback of GDP is it does not take the amount of pollution, safety and health. It does not take "well-being" too. Suppose if everyone starts working on weekends without "leisure", "GDP" does not take into account. So now it fails to check prosperity along with well being of the average person.
Answer:
Net income under variable costing $80,000
Explanation:
The computation of the net income using direct/variable costing is shown below:
Net income under absorption costing $60,000
Add fixed cost under applied $20,000
Net income under variable costing $80,000
Working
Beginning inventory 13000
Less ending inventory -8000
Decrease in inventory 5000
Now under applied inventory $20,000
