Company Omega bought new petroleum refining equipment in the year 2000. The purchase cost was 172,024 dollars and in addition it had to spend 10,610 dollars for installation. The refining equipment has been in use since February 1st, 2000. Omega forecasted that in 2030 the equipment would have a net salvage value of $10,000. Using the US Straight Line Depreciation Schedule, estimate the value of depreciation recorded in the accounting books in the year 2004 if the company decided to sell the equipment on August 5th (of 2004). (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)

Answers

Answer 1

Answer:

depreciation in 2004 = 5754.5

Explanation:

The salvage value of an asset is the book value estimated at the end of depreciation. The straight-line depreciation method equally distributes the depreciation per year throughout the useful life of the equipment.

In order to calculate the depreciation value in 2004, let us first calculate the depreciation. This is calculated as follows:

Total Depreciation = Purchase cost - salvage value

Purchase cost = cost of equipment + cost of installation

= 172024 + 10610 = $182,634

∴ Total depreciation = 182,634 - 10,000

= $172,634

Depreciation per year = Total depreciation ÷ number of years

Number of years = 2030 - 2000 = 30

Depreciation per year = 172,634 ÷ 30

= 5754.5

∴ depreciation in 2004 = 5754.5


Related Questions

Creating a Multimedia Presentation to Demonstrate Knowledge of Agriculture, Food, and Natural Resource Careers For this assignment, you will create a multimedia presentation on Agriculture, Food,
and Natural Resources tasks and work environments to demonstrate understanding
of these careers.
Useful references for gathering this information will be listed at the end of this
document. Your presentation should include a title slide, thirteen slides representing
tasks and work environments for specific Agriculture, Food, and Natural Resource
careers, and a works cited slide.
Assignment Instructions
Step 1: Gather materials and necessary information.
a) Use resources listed at the end of this document to create your multimedia
presentation for Agriculture, Food, and Natural Resource careers.
b) Be sure to keep a list of your references so you can cite them later.
c) Ask your teacher where you should save your presentation as you work on it.
Your teacher may also have specific guidelines about the file name you
should use.
Step 2: Create your title slide.
a) Begin by creating the title slide. On this slide, include the title of your
presentation, your name, your teacher’s name, and the due date of the presentation.b) Remember to save your work as you go.
Step 3: Provide information for Farmworkers and Laborers, Crop careers.
a) Create a slide titled Common Tasks for Farmworkers and Laborers, Crop.
b) Create a bulleted list describing four tasks for Farmworkers and Laborers, Crop
that are listed as common tasks on the O*NET site. Add a picture of at least one of
these tasks to the slide.
c) Create a slide titled Common Work Activities for Farmworkers and
Laborers, Crop.
d) Create a bulleted list describing four work activities for Farmworkers and Laborers,
Crop that are listed as common work activities on the O*NET site. Add a picture of
at least one of these work activities to the slide.
e) Create a slide titled Common Work Contexts for Farmworkers and
Laborers, Crop.
f) Create a bulleted list describing work contexts for Farmworkers and Laborers,
Crop that are listed as common work contexts on the O*NET site. Add a picture of
at least one of these common work contexts to the slide.
Step 4: Provide information for Forester careers.
a) Create a slide titled Common Tasks for Foresters.
b) Create a bulleted list describing four tasks for Foresters that are listed as common
tasks on the O*NET site. Add a picture of at least one of these tasks to the slide.
c) Create a slide titled Common Work Activities for Foresters.
d) Create a bulleted list describing four work activities for Foresters that are listed as
common work activities on the O*NET site. Add a picture of at least one of these
work activities to the slide.
e) Create a slide titled Common Work Contexts for Foresters.
f) Create a bulleted list describing work contexts for Foresters that are listed as
common work contexts on the O*NET site. Add a picture of at least one of these
common work contexts to the slide.
Step 5: Provide information for Nursery and Greenhouse Managers.
a) Create a slide titled Common Tasks for Nursery and Greenhouse Managers.

Answers

Answer:

Create a bulleted list describing four tasks for Farmworkers and Laborers, Crop that are listed as

common tasks on the O*NET site.  

• Harvest plants, and transplant or pot label them.

• Harvest fruits and vegetables by hand.

• Set up and operate irrigation equipment.  

Create a bulleted list describing four work activities for Farmworkers and Laborers, Crop that are listed

as common work activities on the O*NET site.  

the slide.

• Handling and moving objects.

• Preforming general physical activities.

• Getting information.

• Identifying objects, actions, and events.

Create a bulleted list describing work contexts for Farmworkers and Laborers, Crop that are listed as

common work contexts on the O*NET site.  

to the slide.

• Spend Time Using Your Hands to Handle, Control, or Feel Objects, Tools, or

Controls

• Face-to-Face Discussions

• Outdoors, Exposed to Weather

• Spend Time Standing

 

Common Tasks for Foresters

Create a bulleted list describing four tasks for Foresters that are listed as common tasks on the O*NET

site.

• Monitor contract compliance and results of forestry activities to assure adherence to

government regulations.

• Plan and supervise forestry projects, such as determining the type, number and

placement of trees to be planted, managing tree nurseries, thinning forest and

monitoring growth of new seedlings.

• Establish short- and long-term plans for management of forest lands and forest

resources.

• Determine methods of cutting and removing timber with minimum waste and

environmental damage.

 

Create a bulleted list describing four work activities for Foresters that are listed as common work

activities on the O*NET site.  

• Getting Information

• Identifying Objects, Actions, and Events

• Organizing, Planning, and Prioritizing Work

• Communicating with Supervisors, Peers, or Subordinates  

Common Work Contexts for Foresters

Create a bulleted list describing work contexts for Foresters that are listed as common work contexts on

the O*NET site.  

• Electronic Mail

• Face-to-Face Discussions

• Telephone

• Freedom to Make Decisions    

Common Tasks for Nursery and Greenhouse Managers

Create a bulleted list describing four tasks for Nursery and Greenhouse Managers that are listed as

common tasks on the O*NET site.

• Collect and record growth, production, and environmental data.

• Manage nurseries that grow horticultural plants for sale to trade or retail customers, for

display or exhibition, or for research.

• Direct and monitor trapping and spawning of fish, egg incubation, and fry rearing,

applying knowledge of management and fish culturing techniques.

• Direct and monitor the transfer of mature fish to lakes, ponds, streams, or commercial

tanks  

Common Work Activities for Nursery and Greenhouse Managers

Create a bulleted list describing four work activities for Nursery and Greenhouse Managers that are

listed as common work activities on the O*NET site.  

to the slide.

• Making Decisions and Solving Problems

• Organizing, Planning, and Prioritizing Work

• Communicating with Supervisors, Peers, or Subordinates

• Scheduling Work and Activities  

Common Work Contexts for Nursery and Greenhouse Managers

Create a bulleted list describing work contexts for Nursery and Greenhouse Managers that are listed as

common work contexts on the O*NET site.  

to the slide.

• Face-to-Face Discussions

• Outdoors, Exposed to Weather

• Freedom to Make Decisions

• Structured versus Unstructured Work  

Veterinarians  

Create a bulleted list describing four tasks for Veterinarians that are listed as common tasks on the

O*NET site.  

• Treat sick or injured animals by prescribing medication, setting bones, dressing wounds,

or performing surgery.

• Inoculate animals against various diseases, such as rabies or distemper.

• Examine animals to detect and determine the nature of diseases or injuries.

• Collect body tissue, feces, blood, urine, or other body fluids for examination and

analysis.  

Create a bulleted list describing four work activities for Veterinarians that are listed as common work

activities on the O*NET site.  

• Making Decisions and Solving Problems

• Getting Information.

• Updating and Using Relevant Knowledge

• Identifying Objects, Actions, and Events  

Common Work Contexts for Veterinarians

Create a bulleted list describing work contexts for Veterinarians that are listed as common work

contexts on the O*NET site.  

• Face-to-Face Discussions

• Telephone

• Indoors, Environmentally Controlled

• Contact with others

Explanation: hope this helps this is what I got

Answer:

“Architecture and Construction Workplaces and Tasks”

Four tasks for Farm workers and Laborers

• Harvest plants, and transplant or pot label them.

• Harvest fruits and vegetables by hand.

• Set up and operate irrigation equipment.  

Four work activities for Farm workers and Laborers

• Handling and moving objects.

• Performing general physical activities.

• Getting information.

• Identifying objects, actions, and events.

Work contexts for Farm workers and Laborers

• Spend Time Using Your Hands to Handle, Control, or Feel Objects, Tools, or

Controls

• Face-to-Face Discussions

• Outdoors, Exposed to Weather

• Spend Time Standing

Common Tasks for Foresters

Four tasks for Foresters

• Monitor contract compliance and results of forestry activities to assure adherence to government regulations.

• Plan and supervise forestry projects, such as determining the type, number and

placement of trees to be planted, managing tree nurseries, thinning forest and

monitoring growth of new seedlings.

• Establish short- and long-term plans for management of forest lands and forest

resources.

• Determine methods of cutting and removing timber with minimum waste and

environmental damage.

Four work activities for Foresters

• Getting Information

• Identifying Objects, Actions, and Events

• Organizing, Planning, and Prioritizing Work

• Communicating with Supervisors, Peers, or Subordinates  

Common Work Contexts for Foresters

Work contexts for Foresters

• Electronic Mail

• Face-to-Face Discussions

• Telephone

• Freedom to Make Decisions    

Common Tasks for Nursery and Greenhouse Managers

Four tasks for Nursery and Greenhouse Managers

• Collect and record growth, production, and environmental data.

• Manage nurseries that grow horticultural plants for sale to trade or retail customers, for

display or exhibition, or for research.

• Direct and monitor trapping and spawning of fish, egg incubation, and fry rearing,

applying knowledge of management and fish culturing techniques.

• Direct and monitor the transfer of mature fish to lakes, ponds, streams, or commercial

tanks  

Common Work Activities for Nursery and Greenhouse Managers

Four work activities for Nursery and Greenhouse Managers

• Making Decisions and Solving Problems

• Organizing, Planning, and Prioritizing Work

• Communicating with Supervisors, Peers, or Subordinates

• Scheduling Work and Activities  

Common Work Contexts for Nursery and Greenhouse Managers

Work contexts for Nursery and Greenhouse Managers

• Face-to-Face Discussions

• Outdoors, Exposed to Weather

• Freedom to Make Decisions

• Structured versus Unstructured Work  

Veterinarians  

Four tasks for Veterinarians

• Treat sick or injured animals by prescribing medication, setting bones, dressing wounds,

or performing surgery.

• Inoculate animals against various diseases, such as rabies or distemper.

• Examine animals to detect and determine the nature of diseases or injuries.

• Collect body tissue, feces, blood, urine, or other body fluids for examination and

analysis.  

Work activities for Veterinarians

• Making Decisions and Solving Problems

• Getting Information.

• Updating and Using Relevant Knowledge

• Identifying Objects, Actions, and Events  

Common Work Contexts for Veterinarians

Work contexts for Veterinarians

• Face-to-Face Discussions

• Telephone

• Indoors, Environmentally Controlled

• Contact with others

Explanation:

this is exactly what i turned in !!!! hope it helps

Duncan, Inc.'s unadjusted book balance showed cash balance of $1,763 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $427, deposits in transit of $831, NSF check of $195, and interest earned on the bank account of $15, the company's up-to-date ending cash balance equals:$_____

Answers

Answer:

the up-to-date ending cash balance is $2,167

Explanation:

The computation of the up-to-date ending cash balance is shown below:

= Cash balance + deposit in transit - outstanding checks

= $1,763 + $831 - $427

= $2,167

Hence the up-to-date ending cash balance is $2,167

We simply applied the above formula

A baker knows that her customers will pay $5 for a loaf of bread, but if the marginal

utility decreases after the first loaf, how might the baker get her customers to buy more

than one loaf?

Answers

Answer: Sell at lower price

Explanation:

Marginal Utility is the amount of satisfaction that her customers will get with every additional unit of bread purchased.

If the marginal utility decreases, her customers will buy less bread because to them, it is not as valuable anymore. If she offers her bread at lower prices, the customers would buy more because the new price will align with the lower utility the customers get from the additional loaves.

The Widget Co. purchased new machinery three years ago for $4 million. The machinerycan be sold to the Roman Co. today for $2 million. The Widget Co.'s current balance sheetshows net fixed assets of $2,500,000, current liabilities of $1,375,000, and net working capitalof $725,000. If all the current assets were liquidated today, the company would receive $1.9million in cash. The book value of the Widget Co.'s assets today is _____ and the marketvalue of those assets is _____.
A. $4,600,000; $3,900,000
B. $4,600,000; $3,125,000
C. $5,000,000; $3,125,000
D. $5,000,000; $3,900,000
E. $6,500,000; $3,900,000

Answers

Answer: A. $4,600,000; $3,900,000

Explanation:

Based on the information that have been provided in the question, the book value will be calculated as:

= Net working capital + Current liabilities + Net fixed assets

= $725,000 + $1,375,000 + $2,500,000

= $4,600,000

Market value will be:

= $1,900,000 + $2,000,000

= $3,900,000

Therefore, the answer is option A.

ost Flow Relationships The following information is available for the first year of operations of Engle Inc., a manufacturer of fabricating equipment: Sales $1,326,700 Gross profit 358,200 Indirect labor 119,400 Indirect materials 49,100 Other factory overhead 22,600 Materials purchased 676,600 Total manufacturing costs for the period 1,464,700 Materials inventory, end of period 49,100 Using the above information, determine the following missing amounts: a. Cost of goods sold $fill in the blank 1 b. Direct materials cost $fill in the blank 2 c. Direct labor cost $fill in the blank 3

Answers

Answer and Explanation:

The computation is shown below

a . The cost of goods sold is

= Sales - cost of goods sold

= $1,326,700 - $358,200

= $968,500

b. The direct material cost is

= Material purchased - ending inventory - indirect materials

= $676,600 - $49,100 - $49,100

= $578,400

c, The direct labor cost is

= Total manufacturing overhead cost - other factory overhead - direct material cost - indirect material - indirect labor

= $1,464,700 - $22,600 - $578,400 - $49,100 - $119,400

= $695,200

Steel Mill Inc. makes an offer to Teri to enter into a contract to work as an metallurgical engineer for a certain salary for one year subject to a five-year renewal based on his performance. Teri accepts the offer. This is a valid contract because it includes Group of answer choices a price and a subject. a duration and a termination. specific quality standards. an offer and an acceptance.

Answers

Answer:

an offer and an acceptance.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, etc.

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

In this scenario, Steel Mill Inc. makes an offer to Teri to enter into a contract to work as an metallurgical engineer for a certain salary for one year subject to a five-year renewal based on his performance. Teri accepts the offer. This is a valid contract because it includes an offer and an acceptance.

Sheffield Corp. is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $24 and Sheffield would sell it for $52. The cost to assemble the product is estimated at $15 per unit and the company believes the market would support a price of $64 on the assembled unit. What decision should Sheffield make

Answers

Answer:

Sell before assembly, the company will be better off by $3 per unit

Explanation:

the aim of a firm is to maximise profit. The decision the firm would make would be based on the decision that yields the higher profit

Profit = revenue - cost

Profit that would be earned from selling the unassembled unit = $52 - $24 = $28

Profit that would be earned from selling the assembled unit = $64 - ($15 + $24) = 25

The profit from selling the unassembled product is greater than the profit from selling the assembled product by $3. The firm would prefer to sell the unassembled unit

ecause of coronavirus, demand for Vitamin C tablets increased significantly at CVS. CVS started to observe a weekly demand of 85 boxes of Vitamin C tablets with a standard deviation of 50 boxes. The cost of placing an order is $200, and the time from ordering to receipt is 4 weeks. The procurement cost (wholesale price) of the product is $15. The annual inventory carrying cost is 10% of the procurement cost of the product. What is the reorder point if it wants to achieve a stock out probability of 5%

Answers

Answer:

505 boxes approximately

Explanation:

The weekly demand is = d = 85 boxes

Standard deviation s = 50

Cost of placing order = $200

Ordering time = lead time L = 4 weeks

Stock out probability = 5% = 1-0.05 = 0.95

The reorder point has this formula:

(D*L)+(Z*s*√L)

To get the value of Z we use this excel function NORMSINV(0.95) = 1.644853672

When we put in values into the formula we have:

(85x4)+(1.644853672x50x2)

= 340 + 164.485

= 504.5

Approximately 505 boxes

A large brewing company has its public relations staff create an interactive website aimed at men and women in their 20s and early 30s. It offers interesting facts about the history of beer, the making of beer, the definition of various brewing terms, the difference between hops and malt, etc. It also includes games like crossword puzzles, word jumbles, and trivia contests related to beer. The objective of such PR initiatives is to:

Answers

Answer: c. promote goodwill toward beer drinkers.

Explanation:

The purpose of this campaign is to increase the the appreciation of beer and its industry in the minds of people.

This will therefore promote goodwill towards beer drinkers as they will be less ostracised if people appreciate beer more.

This is good for the beer industry because it would increase sales when people who were worried about their pubic image become less worried and drink more.

Aerotron Electronics has just bought a used delivery truck for $15,000. The small business paid $1,000 down and financed the rest, with the agreement to pay nothing for the entire first year and then to pay $ 506.83 at the end of each month over years 2, 3, and 4 (first payment is in thirteenth month).
a. What nominal interest rate is Aerotron paying on the loan? %
b. What effective interest rate are they paying? %
c. How much of the fourteenth month's payment is interest? How much is principal? payment interest = $ , and principal = $
d. How much of the eighteenth month's payment is interest? How much is principal? payment interest = $ , and principal = $
e. How much of the twenty-second month's payment is interest? How much is principal? payment interest = $ , and principal= $

Answers

Answer:

a) 12.23%

b)  12.94%

c) 14th month payment interest = $157.33

   14th month principal =  $369.50

d)  18th month payment interest = $142.04

    18th month payment interest = $384.79

e) 22nd month payment interest = $126.12

   22nd month payment interest = $400.71

Explanation:

price of truck = $15000

down payment = $1000

Loan amount = $14,000

assume monthly interest rate = r%

Loan amount after 1 year will be = 14000 * (1+r%)12

next we will determine the annuity factor = [  (1/r)-[(1/r)*(1/ (1+r)t)] ]

r = periodic interest rate , t = number of payments

monthly loan payment = $14000*(1+r%)12 / [  (1/r)-[(1/r)*(1/ (1+r)36)] ]

hence r = 1.019%

a) nominal interest rate

=  1.019% *12 = 12.23%

b) effective interest rate

= (1+1.019%)^12 -1 = 12.94%

attached below is the Amortization schedule

c) 14th month payment interest = $157.33

    14th month principal =  $369.50

d) 18th month payment interest = $142.04

    18th month payment interest = $384.79

e) 22nd month payment interest = $126.12

   22nd month payment interest = $400.71

On December 31, 2014, Oakbrook Inc. rendered services to Beghun Corporation at an agreed price of $102,049, accepting $40,000 down and agreeing to accept the balance in four equal installments of $20,000 receivable each December 31. An assumed interest rate of 11% is imputed.
Instructions:
Prepare the entries that would be recorded by Oakbrook Inc. for the sale and for the receipts and interest on the following dates. (Assume that the effective-interest method is used for amortization purposes.)
(a) December 31, 2014.
(b) December 31, 2016.
(c) December 31, 2018.
(d) December 31, 2015.
(e) December 31, 2017.

Answers

Answer:

(a) December 31, 2014.

Dr Cash 40,000

Dr Notes receivable 80,000

    Cr Service revenue 102,049

    Cr Discount on notes receivable 17,951

(b) December 31, 2016.

Dr Cash 20,000

Dr Discount on notes receivable 5,376

    Cr Notes receivable 20,000

    Cr Interest revenue 5,376

(c) December 31, 2018.

Dr Cash 20,000

Dr Discount on notes receivable 1,982

    Cr Notes receivable 20,000

    Cr Interest revenue 1,982

(d) December 31, 2015.

Dr Cash 20,000

Dr Discount on notes receivable 6,825

    Cr Notes receivable 20,000

    Cr Interest revenue 6,825

(e) December 31, 2017.

Dr Cash 20,000

Dr Discount on notes receivable 3,768

    Cr Notes receivable 20,000

    Cr Interest revenue 3,768

Compare the following sets of message openers. Circle the letter of the opener that illustrates a direct opening. Write an appropriate subject line for each opening paragraph. An e-mail announcing a low-cost day-care program:

a. Employees interested in enrolling their children in our new low-cost day-care program are invited to attend an HR orientation on January 18.
b. For several years we have studied the possibility of offering a day-care option for those employees who are parents. until recently, our management team was unable to agree on the exact parameters of this benefit, but now some of you will be able to take advantage of this option.

Answers

Answer:

a. Employees interested in enrolling their children in our new low-cost day-care program are invited to attend an HR orientation on January 18.

Explanation:

Subject line: HR orientation regarding new day-care program.

The problem with message (b) is that it is not direct and includes a lot of information that should go further down the email, not as an opener. Information regarding previous options or how difficult this project do not belong here.

ire Corporation distributes property (basis of $225,000, fair market value of $300,000) to a shareholder in a distribution that is a qualifying stock redemption. The property is subject to a liability of $160,000 that the shareholder assumes. Determine the basis of the property to the shareholder.

Answers

Answer:

$300,000

Explanation:

The fair market value of the property is the basis in property received in a qualifying stock redemption to shareholder which is $300,000.

So, $300,000 is the amount that will serve as  the basis of the property to the shareholder.

Consider a five-person family consisting of a father, mother, twin 16-year-old sons attending high school, and an 85-year- old grandfather. The grandfather receives Social Security but has no other sources of income. The father and mother provide the majority of the grandfather's financial support because of his expensive in-home medical care. In 2017, before the change in the tax laws, what is the approximate amount of money that the parents would be able to deduct from their adjusted gross income based on their personal exemptions

Answers

The correct answer to this open question is the following.

Unfortunately, you forgot to attach the options for this question.

However, trying to help, we can say the following.

In 2017, before the change in the tax laws, the approximate amount of money that the parents would be able to deduct from their adjusted gross income based on their personal exemptions was $16,000.-

In the federal government taxation regulations periodically changes and adjust to consider new circumstances. That is why the IRS continually makes adjustments.

In December 2017, Congress passed the Jobs Act and Tax Cuts, modifying credits work and tax deductions of American families. Among the most important changes that started to be valid in 2018 was the removal of exemptions. That is why, before this removal of exemptions was valid, the head of the family could get personal exceptions for qualified family members such as the wife and children, or any other dependent.

A straight-line isoquant A. would indicate that the firm could switch from one output to another costlessly. B. would indicate that the firm could not switch from one output to another. C. would indicate that capital and labor cannot be substituted for each other in production. D. would indicate that capital and labor are perfect substitutes in production.

Answers

Answer:

D. would indicate that capital and labor are perfect substitutes in production.

Explanation:

A marginal rate of technical substitution (MRTS) can be defined as an economic principle which is typically used to represent the rate at which a factor such as capital must decrease so that the same level or quantity of production is maintained when another factor such as labor is changed (increased).

An isoquant is the slope of a marginal rate of technical substitution (MRTS) which connects the two input factors provided that the level of output or production is the same.

Also, the diminishing marginal rate of technical substitution refers to the decline (fall) in marginal rate of technical substitution (MRTS) along an isoquant that produces the same quantity (level) of output.

When an isoquant has a diminishing marginal rate of technical substitution, the corresponding isoquants are convex to the origin. Thus, the marginal rate of technical substitution (MRTS) would continue to diminish as more of a factor such as capital is used.

Additionally, the steeper an isoquant the greater is the marginal productivity of labor with respect to marginal productivity of capital.

Hence, a straight-line isoquant would indicate that capital and labor are perfect substitutes in production.

Check my workCheck My Work button is now enabledItem 3 Sony introduces a new compact music player to compete with Apple's iPod that carries a two-year warranty against manufacturer's defects. Based on industry experience with similar product introductions, warranty costs are expected to be approximately 3% of sales. By the end of the first year of selling the product, total sales are $29.7 million, and actual warranty expenditures are $170,000. What amount (if any) should Sony report as a liability at the end of the year

Answers

Answer:

$721,000

Explanation:

The computation of the liability reported is shown below:

= Warranty  liability  - actual liability

= ($29,700,000 × 3%) - $170,000

= $891,000 - $170,000

= $721,000

We simply deduct the actual liability from the warranty liability so that the liability amount could come

At the International Toy Fair, you decide to study retailers to understand how to improve their experience at your booth. You recruit 100 attendees each day of the three-day convention who agree to evaluate 10 booths of their choosing and record their evaluations on digital tablets. You take pictures of each of the booths evaluated, and tally the results of these 300 online surveys. Totally you have 3,000 booth evaluations, covering more than 120 different booths. You designed a:________

a. monitoring study
b. qualitative research study
c. quantitative research study
d. causal-explanatory study
e. descriptive study

Answers

Answer:

quatitative research study

Explanation:

In Business budgets and a demand for speed usually needs or dictate a single-methodology study.

Case study is simply defined as a form of qualitative or mixed method research and it uses a form of an intense examination of an individual, group, or organization. It is often refered to as an ABA design. In single-case experimental design, it baseline data are obtained (A) the IV is introduced and behavior is measured again (B) thereafter the IV is withdrawn and behavior is observed a third time. (A)

Which of the statements is not true about a bank run? Fears leading to bank runs can be self-fulfilling. There was a wave of bank runs during the Great Depression. Bank runs are bad for the bank affected and usually good for the bank's competitors. Deposit insurance is designed to reduce the risk of bank runs for depository banks. Since the Great Depression the government has set up regulation that has eliminated most bank runs.

Answers

Answer:

Bank runs are bad for the bank affected and usually good for the bank's competitors

Explanation:

A bank run happens when bank depositors withdraw their money deposited due to fear of the bank's solvency.

Bank runs can work as a self fulfilling prophecy. For example, if there a rumour that a bank is insolvent and it is not, depositors would start withdrawing their monies. This would eventually lead to the bank being insolvent.

Bank runs affect other banks and can lead to the collapse of the whole financial system. Bank runs occurred during the great depression

Bank runs led to the establishment of deposit insurance. The aim of deposit insurance is to increase the confidence of depositors in banks because depositors know their deposits are insured

Sunland Enterprises reported cost of goods sold for 2020 of $1,397,500 and retained earnings of $5,157,300 at December 31, 2020. Sunland later discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $105,370 and $31,500, respectively. Determine the corrected amounts for 2020 cost of goods sold and December 31, 2020, retained earnings. Corrected cost of goods sold $enter a dollar amount Corrected 12/31/20 retained earnings $enter a dollar amount

Answers

Answer:

See below

Explanation:

Corrected amount for 2020 cost of goods sold

= 2020 Cost of goods sold - 2019 Ending inventory + 2020 Ending inventory

= $1,397,500 - $105,370 + $31,500

= $1,323,630

Corrected December 31, 2020, amount for retained earnings

= 2020 Retained earnings - 2020 Ending inventory

= $5,157,300 - $31,500

= $5,125,800

The presence of media hubs, coalitions focusing on specific environmental challenges, and headquarters for multinational corporations in major cities help explain how such cities... *

Answers

Answer: B

Explanation: Are linked globally in ways that transcend national political boundaries

Answer:b

Explanation:

The purpose of the equivalent-unit computation is to ________. Group of answer choices satisfy the GAAP requirements which requires all partially completed goods to be reported as equivalent-units convert completed units into the amount of partially completed output units that could be made with that quantity of input predict the future production capabilities of the organization use a common metric to estimate the amount of work done on units in a period

Answers

Answer:

B)assist the business in determining the cost assigned to ending inventory and work-in-process inventory

Explanation:

THIS IS THE COMPLETE QUESTION BELOW

The purpose of the equivalent-unit computation is to ________.A)convert completed units into the amount of partially completed output units that could be made with that quantity of inputB)assist the business in determining the cost assigned to ending inventory and work-in-process inventoryC)predict the future production capabilities of the organizationD)satisfy the GAAP requirements which requires all partially completed goods to be reported as equivalent unit.

, Equivalent units in cost accounting helps to know the amount of material/ laborthat are been tied up in units as far as production is concerned it can be regarded as multiplication of units in production with percentage of units which are complete or with the one that are in process. It should be noted that The purpose of the equivalent-unit computation is to assist the business in determining the cost assigned to ending inventory and work-in-process inventory

Huelskamp Corporation has provided the following data concerning its overhead costs for the coming year: The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year: The Other activity cost pool does not have a measure of activity; it is used to accumulate costs of idle capacity and organization-sustaining costs. The distribution of resource consumption across activity cost pools is given below: The activity rate for the Assembly activity cost pool is closest to:

Answers

Answer:

$2.85 per labor hours

Explanation:

Note: Full question is attached below as picture

Total Overhead = Wages + Depreciation + Rent

Total Overhead = (360,000*25%) + (120,000*15%) + (180,000*35%)

Total Overhead = $90,000 + $18,000 + $63,000

Total Overhead = $171,000

Activity rate = Total Overhead / Assembly

Activity rate = $171,000 / 60,000

Activity rate = $2.85 per labor hours

An environmental soil cleaning company received a contract to remove BTEX contamination from an oil company tank farm site. The contract required the soil cleaning company to provide quarterly invoices for materials and services provided. If the material costs were $140,000 per quarter and the service charges were calculated as an additional 20% of the material costs, what is the present worth of the contract through the 3-year treatment period at an interest rate of 1% per month

Answers

1,0000 people on the world diet are uu going out with the baby I eyes and I miss my v

A company just starting business made the following four inventory purchases in June: Date Number of units purchased Total cost June 1 160 units $ 350 June 10 220 units 580 June 15 220 units 700 June 28 130 units 560 $2190 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is

Answers

Answer:

cap

Explanation:

1. Gross domestic product is
a. the total value of all goods produced in a year.
b. the total value of all final goods and services produced in a year.
c. the total value of all services produced in a year.
d. none of the above.

Answers

the total value of goods produced and services provided in a country during one year/A

Reconciliation of pretax accounting income and taxable income: Pretax accounting income $ 179,000 Permanent differences (16,100 ) 162,900 Temporary difference-depreciation (11,100 ) Taxable income $ 151,800 Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2020 $ 14,000 As of December 31, 2021 $ 25,100 The enacted tax rate was 27% for 2020 and thereafter. What should Kent report as the current portion of its income tax expense in the year 2021

Answers

Answer:

the current portion of the income tax expense is $40,986

Explanation:

The computation of the current portion of the income tax expense is shown below:

= Taxable income × enacted tax rate

= $151,800 × 27%

= $40,986

hence the current portion of the income tax expense is $40,986

We simply applied the above formula

Which of the following is not true about emergency funds?
O They help remove the worry about expenses not listed in the budget.
O They help you prepare for unexpected expenses.
O They are used for anything listed in the budget.
O They can keep you from borrowing money from friends and family members.

Answers

Emergency funds are used for anything not planned. C is the only one that is “planned” so that has to be the correct answer. C.

Emergency funds are typically set aside to cover unexpected expenses that are not included in the regular budget. The statement "They are used for anything listed in the budget" is not true about emergency funds. Hence, option C is the correct answer.

These expenses may include medical emergencies, car repairs, home repairs, job loss, or any unforeseen financial hardships. The purpose of an emergency fund is to provide a financial safety net for unexpected situations that can disrupt one's financial stability.

On the other hand, expenses listed in the budget are part of the regular planned expenses, such as rent or mortgage payments, groceries, utilities, transportation, and other recurring costs.

Hence, option C is the correct answer.

Learn more about emergency funds here:

brainly.com/question/14564932

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Explain the percentage distribution in statistics​

Answers

Answer:

The percentage distribution is a statistical distribution of relative frequency, in which the relative frenquencies are percentages over the total number of data, that in this case is equal to 100%.

In order to create a percentage distribution chart, we group the data into classes, and then, we count the number of times the elements of the class appear in the sample, finally, we convert this number into a percentage.

The accounting records of Falcon Company revealed the following information: Raw materials used $ 73,000 Direct labor 138,000 Manufacturing overhead 373,000 Work-in-process inventory, 1/1 63,000 Finished-goods inventory, 1/1 202,000 Work-in-process inventory, 12/31 89,000 Finished-goods inventory, 12/31 153,000 Falcon's cost of goods manufactured is:

Answers

Answer:

the cost of goods manufactured is $558,000

Explanation:

The computation of the cost of goods manufactured is shown below:

= Opening work in process + raw material used + direct labor + manufacturing overhead - ending work in process

= $63,000 + $73,000 + $138,000 + $373,000 - $89,000

= $558,000

Hence, the cost of goods manufactured is $558,000

Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows. Manufacturing costs Direct materials $ 35 per unit Direct labor $ 55 per unit Overhead costs Variable $ 40 per unit Fixed $ 6,600,000 (per year) Selling and administrative costs for the year Variable $ 725,000 Fixed $ 4,250,000 Production and sales for the year Units produced 110,000 units Units sold 80,000 units Sales price per unit $ 350 per unit 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing

Answers

Answer:

Results are below.

Explanation:

Absorption vs Variable costing method

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

1) First, we need to calculate the total unitary variable cost:

Unitary production variable cost= 35 + 55 + 40= $130

Selling and administrative costs for the year Variable $ 725,000

Unitary total variable cost= 130 + (725,000 / 80,000)= $139.06

Now, the variable income statement:

Sales= 80,000*350= 28,000,000

Total variable cost= (80,000*139.06)=(11,124,800)

Total contribution margin= 16,875,200

Fixed overhead= (6,600,000)

Fixed Selling and administrative costs = (4,250,000)

Net operating income= 6,025,200

2) First, we need to calculate the unitary production cost:

Unitary production cost= 130 + (6,600,000/110,000)= $190

Now, the absorption costing income statement:

Sales= 28,000,000

COGS= 80,000*190= (15,200,000)

Gross profit= 12,800,000

Total Selling and administrative costs= (725,000 + 4,250,000)= (4,975,000)

Net operating income= 7,825,000

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