Business, 16.11.2019 00:31 ShundaBaker
Apurchase of equipment for $18,000 also involved freight charges of $500 and installation costs of $2,500. the estimated salvage value and useful life are $2,000 and 4 years, respectively. under the straight-line method, annual depreciation expense will be
a. $4,750
b. $4,500
c. $4,125
d. $4,625
Answers: 3
Business, 22.06.2019 13:50
Diamond motor car company produces some of the most luxurious and expensive cars in the world. typically, only a single dealership is authorized to sell its cars in certain major cities. in less populous areas, diamond authorizes a single dealer for an entire state or region. the manufacturer of diamond automobiles is using a(n) distribution strategy for its product.
Answers: 2
Business, 22.06.2019 21:00
On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?
Answers: 3
Business, 22.06.2019 21:10
Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.
Answers: 1
Business, 23.06.2019 23:30
When calculating the total amount of manufacturing overhead to allocate to a particular job, the company would multiply each departmental overhead rate by and then together the allocated amounts from each department. a. the actual amount of the departmental allocation based used by the job; multiply b. the actual amount of the plantwide allocation based used by the job; add c. the actual amount of the departmental allocation based used by the job; add d. the actual amount of the plantwide allocation based used by the job; multiply?
Answers: 1
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