Answer:
You can find the drawing in the attached file
Explanation:
You have fixed cost of $100 whter the machine is used or not and a variable cost of $50 for each hour used. So if you do not use de machine the cost will be $100, if the machine is used 1 hour the cost will be $150 and will increase $50 per aditional hour, until it reaches $500 ($100 + 8*50)
The drawing must have two variables, one is cost and the other is hours.
Cost start from $100 when the machine is not used and grows $50 per hour
Answer:
Cost of new machine:
= List price of new machine - Trade allowance + Fair value of old machine
= $16,000 - $9,000 + $6,000
= $13,000
Therefore, the journal entry is as follows:
Cost of new machine A/c Dr. $13,000
Accumulated depreciation (Book Value) A/c Dr. $4,000
Loss on exchange of machine A/c Dr. $2,000
To Old Machine (Book Value) $12,000
To Cash (16,000 - 9,000) $7,000
(To record the machine exchange)
Answer:
D. accounts receivable turnover.
Explanation:
Accounts receivable turnover is the a financial indicator that shows the number of times that an entity collects its average accounts receivable in a year. It is used to assess the company's to ability to makes sales on account to its customers and collect payments from them timely.
It is calculated as
Accounts receivables turnover
= Net Annual Credit Sales / ((Beginning Accounts Receivable + Ending Accounts Receivable) / 2)
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<u><em>These are all ways that the Constitution limits government power.</em></u>
The sum of Deshawn's salaries for his first five years of service is $254,567.
