Answer:
$6,775
Explanation:
The computation of the depreciation expense using the straight line method is shown below:
Straight-line method:
= (Original cost - residual value) ÷ (useful life)
= ($30,800 - $3,700) ÷ (4 years)
= ($27,100) ÷ (4 years)
= $6,775
In this method, the depreciation is same for all the remaining useful life
Therefore, in the first and second year the same depreciation expense is to be charged i.e $6,775
A web browser is a software application for accessing information on the World Wide Web.
What are the main parts of a web browser
Answer: ...
Status Bar: ...
Address Bar: ...
What components are in each part
Motherboard. The motherboard is an important computer component because it's what everything else connects to! ...
Power Supply. True to its name, the power supply powers all other components of the machine. ...
Central Processing Unit
What does URL stand for?
the address of a World Wide Web page.
A home page is generally the main page a visitor navigating to a website from a web search engine will see, and it may also serve as a landing page to attract visitors.} The home page is used to facilitate navigation to other pages on the site by providing links to prioritized and recent articles and pages, and possibly a search box
Answer:
See explanation section
Explanation:
Requirement A
Insto Photo Company
Journal Entries
Date Accounts Name Debit Credit
December 1, 2016 Inventory $25,000
Notes payable $25,000
<em>Note</em>: As the merchandise company issued a note for the credit purchase of merchandise inventory, notes payable is used instead of accounts payable.
Dec. 31, 2016 Interest expense $250
Interest payable $250
<em>Note: </em>Adjusting entry is needed as the fiscal year is ended on 31st December, therefore, there will be an accrued interest expense to be paid for one month. The calculation of interest expense = $25,000 × 12% × (30 ÷ 360) [assuming 1 year = 360 days, 1 month = 30 days]. = $250 for one month's accrual.
Requirement B
March 31, 2017 Interest expense $ 750
Interest payable $ 250
Notes payable $25,000
Cash $26,000
<em>Note:</em> At the end of the maturity date, the buyer will pay all the bills of the notes plus interest. Interest payable becomes debit as it did not pay by the buyer on 31st December, 2016. The remaining interest = $25,000 × 12% × (90 ÷ 360) = $750. Total cash will be paid after the maturity = $25,000 + $250 + $750 = $26,000.
Answer:
$3,600
Explanation:
Calculation to determine what amount of set-up costs should be allocated to the chicken dog food
Using this formula
Set-up costs = Cost per each set up * Totals ups
Let plug in the formula
Set-up costs=$20 * 180
Set-up costs=$3,600
Therefore the amount of set-up costs that should be allocated to the chicken dog food is $3,600
Answer:
A) An increase in sales revenue received by the firm.
Explanation:
If worker productivity increases, the total output produced by the company will increase while the average cost per unit produced will decrease. This should result in a rightward shift of the supply curve that decreases the product's price at every level of quantity demanded. Since the demand is elastic, a small decrease in price will result in a larger increase in quantity demanded.
