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mrs_skeptik [129]
2 years ago
8

Question 2 of 10

Business
1 answer:
Sergio039 [100]2 years ago
4 0

Answer:

》resonsibility

............................

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When a consumer purchases a product, a demand is created for this item to be __________ by the merchant?
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A company purchases new equipment for $90,000 cash on August 1, 2021. At the time of purchase, the equipment is expected to be u
nikdorinn [45]

Answer:

The accounting entry to record the depreciation expense on December 31, 2021 is:

Depreciation Expense - Equipment            Debit               $ 9,375

Allowance for depreciation Equipment                  Credit                     $ 9,375

Explanation:

The data in the question shows that the equipment is depreciated over the estimated useful life of the asset on an even  basis, this implies that the method of depreciation is straight line method.

The equipment was purchased on August 01 2021 and the adjusting entry is required on December 31, so the depreciation needs to be recorded for 5 months.

The amount shall be computed by multiplying the monthly depreciation amount with the period

$ 1,875 * 5 months = $ 9,375.

The accounting entry is debited to the depreciation expense account and credited to the allowance for depreciation.

The equipment is shown on the balance sheet date at cost less allowance for depreciation.

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3 years ago
A company uses radio frequency identification (RFID) tags to keep track of its inventory. This is an example of the impact of te
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Answer: The answer to this question is (2) operation

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A radio frequency identification  is a form of wireless communication that  uses  electrostatic coupling in the radio frequency portion of the electromagnetic spectrum to uniquely identify an object.

It affects operations because it is the operation department of a manufacturing firm that is responsible for taking stock and inventory of goods and raw materials that are available. Therefore the use of RFID  will help in taking faster  inventory and reduce the human effort required in Inventory.  

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C. assume that we are back to talking about bags of oranges (a private good), but that the government has decided that tossed or
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