Fraud involves lying about stock values to get consumers to open an

On January 1, 2021, the Excel Delivery Company purchased a delivery van for $153,000. At the end of its five-year service life,

I am Lyosha [343]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

On January 1, 2021, the Excel Delivery Company purchased a delivery van for $153,000. At the end of its five-year service life, it is estimated that the van will be worth $15,600.

Annual depreciation= 2*[(book value)/estimated life (years)]

Year 1= (153,000/5)*2= 61,200

Year 2= [(153,000 - 61,200)/5]*2= 36,720

Year 3= (55,080/5)*2= 22,032

Year 4= 13,219

Year 5= 7,932

Total= $141,103

5 0

4 years ago

A company is interested in monitoring the average time it takes to serve its customers. An appropriate control chart would be:

gogolik [260]

Answer:

X-bar chart

Explanation:

In industrial statistics, the X-bar chart is a type of Shewhart control chart that is used to monitor the arithmetic means of successive samples of constant size, n. The X-bar chart shows how the mean or average changes over time .For example, one might take a sample of 5 shafts from production every hour, measure the diameter of each, and then plot, for each sample, the average of the five diameter values on the chart. For the purposes of control limit calculation, the sample means are assumed to be normally distributed, an assumption justified by the Central Limit Theorem.

5 0

3 years ago

Many new families from another country settle in a particular city. Jobs in that city for translators of that country's language

Vera_Pavlovna [14]

Answer:

be expanded

Explanation:

3 0

3 years ago

Delta Construction Corporation, a general contractor, hires Eagle Electrical Company, a subcontractor, to wire a new office buil

nignag [31]

Answer: excused by Delta's failure to pay.

Explanation:

Delta Construction Corporation hires Eagle Electrical Company, as a subcontractor, to wire its new office building. After the completion of the work, Eagles is owed more than $50000.

Eagle's suspension of work is most likely due to the excuse by Delta's failure to pay. Delta has a right to pay up the money owed to Eagle. Lack of payment can lead to court cases.

3 0

3 years ago

Smart Watch Company reported the following income statement data for a 2-year period.

Ronch [10]

Answer and Explanation:

a. The preparation of the correct income statement is as follows:

Sales revenue $220,000 $250,000

Cost of goods sold

Beginning inventory $32,000 $38,000

Add: Costs of goods

purchased $173,000 $202,000

Cost of goods available for sale $205,000 $240,000

Less: Ending inventory -$38,000 -$52,000

($44,000 - $6,000 )

Cost of goods sold $167,000 $188,000

Gross profit $53,000 $62,000

b. The cumulative effect is

Incorrect gross profit = $59,000 + $56,000 = $115,000

Correct gross profit = $53,000 + $62,000 = $115,000

Net effect would be zero

8 0

3 years ago