Farmers company purchased equipment on January 1 year one for $96,000 The equipment is estimated to have a five-year life and a salvage value of 13,000 the company use straight line depreciation method at the beginning of year for farmer revise the expected life to eight years the annual amount of depreciation expense for each of the remaining years would be

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Answer 1

Answer:

$6,240

Explanation:

annual amount of depreciation expense for each of the remaining years would be $6,240.

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Related Questions

An asset has an average return of 10.94 percent and a standard deviation of 20.98 percent. What range of returns should you expect to see with a 95 percent probability

Answers

If the standard deviation is 20.98%. The range you should expect to see with a 95 percent probability is: -31.02 percent to +52.9 percent.

Expected range of return

Expected range of return = 10.94 percent ± 2(20.98 percent)

Expected range of return =[10.94 percent- 2(20.98 percent)]; [10.94 percent + 2(20.98 percent)]

Expected range of return =(10.94 percent- 41.96 percent); (10.94 percent + 41.96 percent

Expected range of return = -31.02 percent to +52.9 percent

Inconclusion the range of returns is: -31.02 percent to +52.9 percent.

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The charge by one department to another for goods and services delivered to the department is called what?​

Answers

Answer:

Transfer pricing is an accounting practice that represents the price that one division in a company charges another division for goods and services provided.

For the past year, Hawkeye, Inc., had a cost of goods sold of $60,382. At the end of the year, the accounts payable balance was $13,489. How long on average did it take the company to pay off its suppliers during the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

It will take the company (Hawkeye, Inc.) to pay off its suppliers during the year 81.47 days

What is payable turnover?

The accounts payable turnover is what measure how fast a business makes payments to creditors and suppliers in which it grant credit.

Payables turnover

= Cost of goods sold / Accounts payable

= $60,382 / $13,489

= 4.48 times

Now we can use the payables turnover to find the days' sales in payables as:

Days' sales in payables

= 365 days / Payables turnover

= 365 days / 4.48

= 81.47 days

Hence, it will take the company to pay off its suppliers during the year  81.47 days

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You know these facts about a company’s prior calendar year: Beginning inventory: 100 units at $10 each. Ending inventory: 50 units at $9 each. Inventory purchased for resale during the year: $2,000. What can you calculate using this information?

Answers

The item that can be calculated using this information is cost of goods sold.

What is cost of goods sold?

Cost of Goods Sold (COGS) is what measure the direct cost incurred in the production of any goods or services. it is the cost of acquiring or manufacturing the products that a company sells during a period.

Cost of goods sold includes

The expenses of buying and preparing an item for saleIt is used to figure gross profit.It is an expense reported on the income statement and it is also called cost of sales.

Hence, the item that can be calculated using this information is cost of goods sold.

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a friend is keen to get a start in real estate and offers to work weekends for you, free of charge, as your assistant to learn the industry. Explain what you would do and why.

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Hiring someone from family or friends as a real estate agent can entail some negative situations like contractual conflicts and biased outlook.

What is the role of the real estate agent?

It is the professional or company responsible for connecting buyers and sellers for the sale and rental of properties and representing them in legal negotiations.

Therefore, as it is a career of great responsibility, it is essential that the professional is qualified to carry out the best opportunities without being biased by any factor.

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The chart shows a combined supply and demand schedule. A 3-column table has 5 rows. The first column is labeled Price per Pair of Running Shoes with entries 45 dollars, 75 dollars, 100 dollars, 125 dollars, and 150 dollars. The second column is labeled Quantity Demanded with entries 100, 80, 60, 40, 20. The third column is labeled Quantity Supplied with entries 40, 50, 60, 70, 80. According to this table, what will happen when the price of a pair of shoes rises from $100 to $125? The cost to make a pair of shoes will rise. A scarcity of shoes will result. Profits from selling shoes will increase. Consumers will want to buy fewer pairs of shoes.

Answers

Profits from selling shoes will increase if the price of a pair of shoes climbs from $100 to $125. As a result, option (c) is the correct answer.

What is the shift in shoe price denote?

When the price is $100, the quantity demanded equals the quantity given, which equals 60.

When the price is $125, the number required is 40 and the number given is 70.

Earnings if sold for $100 and earnings based on a $125 sale.

[tex]100 \text{ x } 60 = 6,000\\125 \text{ x } 70 = 8,750[/tex]

Profit will now rise in lockstep with earnings per pair of shoes.

Therefore, the answer is, that profits from selling shoes will increase, out of the possibilities given.

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Examples of stress include:

A) when you are happy
B) when you are running out of time to complete a task
C) when you are studying for a test, but forgot your notes
D) when somebody gives you a compliment
E) when you lose a friend

Answers

Answer:

B, C, E

Explanation:

All of these scenarios are negative and can put you in a stressful situation.

Gathering testimonials when preparing for a sales presentation can be helpful in overcoming customer

Answers

Answer:

objections

Explanation:

salespeople should

know the product's benefits

making a presentation around what the customer wants

gathering customer reviews

quizletcom250953849mgmtchapter16learnsmartflashcards

A bachelor's degree in which areas concentrates on different writing and editing styles?

A: Psychology
B: Philosophy
C: communications

Answers

I think it may be communications (C).

Were you able to retrieve the data ______ the hard drive of the damaged computer? Group of answer choices. from. from off of. off of. off

Answers

Answer:

Of

Explanation:

Since there is a data form the hard drive

Were you able to retrieve the data off the hard drive of the damaged computer? Thus, option D is correct.

What is a computer?

A computer can be defined as the electronic device which processes various things. In this a binary system is being used which has only two variables zero and one.

All the coding and decoding is done on the basis of these two binary numbers. One can use various algorithm on a computer. If there is a hard drive that is being processed then the material or the information can be easily retrieved from the same.

A professional backup and recovery service might retrieve documents from a failing hard drive. Restoration software cannot recover data from malfunctioning hard drives because it needs permission to the hard disk from the operating system in order to do so.

Therefore, option D is the correct option.

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the output of a process is valued at $110 per unit. the cost of labour is $50 per hour including benefits

Answers

Based on the labor cost, and output of the process, the multifactor productivity for the week is 3.06.

What is the multifactor productivity for Week 1?

This can be found by the formula:

= Cost in week 1 / Value of output in week 1

Cost in week 1:

= Labor + Material + Overheads

= 12,195 + 21,392 + 8,546

= $42,133

Value of product:

= 110 x 1,173 units

= $129,030

Multifactor productivity is:

= 129,030 / 42,133

= 3.06

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Explain five reasons that may cause a company to redeem its own shares ​

Answers

- Companies buyback shares for a variety of reasons, including firm consolidation, increased equity value, and to appear more financially appealing.


-The disadvantage of buybacks is that they are frequently financed with debt, putting a burden on cash flow.


-Stock repurchases can have a modestly favorable impact on the economy as a whole.

If Henry and Kate's Company has $300,000 of sales revenue, pays $50,000 in dividends, and has net income of $100,000, how much were the expenses for the year?

Answers

Answer:

$205,000

--

Stockholders' equity = ($300,000 - $180,000) + ($375,000 - $240,000) - $50,000.

Explanation:

SE = (Total Assets - Total Liabilities) + (Revenues - Expenses) - Dividends

A manufacturing division has an average assets of $1,800,000 and income of $720,000. The division's return on investment is

Answers

Answer:

40%

Explanation: 720,000/1,800,000 = .4 x 100 = 40%

which is the best definition of the purpose of a business?

Answers

Answer:

The purpose of a business is to offer value (through products and/or services) to customers, who pay for the value with cash or equivalents.

It could also mean that people who create businesses want to sell their products to make money.

A popular, local coffeeshop in one of the suburbs of New York City (NYC) estimates they use 3,500 pounds of coffee annually. They have to determine how many pounds to order each time in order to minimize their total annual cost. a. Determine the optimal size of the order assuming an EOQ model with a holding cost of $10 per pound annually and an ordering cost of $100. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. The owner has recently opened another store of the same size in New York City; however, the demand for coffee is increased to 4,000 pounds annually, and the holding cost is $60 per pound. Those numbers are much higher as is the cost of real estate in NYC. The owner places orders of the same size as the first store because they are the same size stores. How much will the total cost be in the new coffeeshop

Answers

a) The determination of the optimal size of the order assuming an EOQ model for the local coffee shop is 265 pounds.

b) The total cost in the new coffee shop where the demand for coffee increased to 4,000 pounds at an order size of 265 pounds per order (assuming a unit cost of $3 per pound) is $253,500.

What is the EOQ Model?

The economic order quantity (EOQ) model calculates the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs.

It is determined using the following model:

EOQ = square root of: 2 (ordering costs)(demand rate) / holding costs.

Thus, the EOQ model can be worked out as follows:

Determine the demand units.Determine the ordering cost.Determine the holding cost.Multiply the demand by 2.Then multiply the result by the order cost.Divide the result by the holding cost.

Data and Calculations:

a) The annual demand for coffee = 3,500 pounds

Holding cost per pound = $10

Ordering cost = $100

EOQ = square root of: 2 ($100 x 3,500) / $10

= 265 pounds

The annual demand for coffee = 4,000 pounds

Holding cost per pound = $60

Ordering cost = $100

EOQ (Order size) = 265 pounds

Assumed unit cost per pound = $3

The total cost in the new coffee shop = $

Annual holding cost = $240,000 ($60 x 4,000)

Annual ordering cost = $1,500 ($100 x 4,000/265)

Annual purchase cost = $12,000 (4,000 x $3)

Total costs = $253,500

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On July 1 Plum Company paid $7,500 cash for management services to be performed over a two-year period. On July 1, Plum should record:

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Based on the cost of the management service, Plum Company on July 1 should record A debit to a prepaid expense and a credit to cash for $7,500.

What should Plum record?

The entire amount of $7,500 is being paid for a service that has not yet happened so they will go to the Prepaid expense account. As this is an expense, it is debited when it is increased.

Cash should then be credited by the same amount to show that it is reducing.

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Fast Freight, an interstate trucking company, has had to raise price three times in the past year, significantly reducing sales

Answers

There's an increase in the fuel price which led to the increase in operating cost of the Fast Freight.

What is operating cost?

It should be noted that operating costs are the costs that are incurred by a business during production.

From the complete question, there's a increase in the fuel price which led to the increase in operating cost of the Fast Freight.

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What button is used to format table text to make it interesting

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Answer:

The table style 'Shading' button.

activities your consultancy would create to help promote the Veldskoen by DHL.

Answers

You work for a Public Relations Consultancy that has been approached by the German company DHL to assist with their Public Relations activities in Southern Africa.

Why should an entrepreneur do a feasibility study for starting a new venture

Answers

Answer:

Because a feasibility study assists entrepreneurs in understanding the market, the budget needed to launch a company, the liquidity factors of a business endeavor, and the return on investment in the initiative.

Discuss ways a regional bank could effectively use the Internet to recruit Dank
tellers.

Answers

Recruitment using job portals and career websites is a frequent approach for businesses to find new employees. The bank's HR department can use these websites to publish its job openings and qualifying requirements. Nowadays, social media is also commonly utilized for job postings. Blogs and e-videos may also be used to recruit new staff for a company.

what are excise duties?​

Answers

Answer:

Excise, often known as excise tax or excise duty, is a sort of tax levied on items produced within the country.


Explanation:

Given above clearly..

Answer:

The taxes which are imposed at the time of production of goods are defined as excise taxes. These taxes are not liable to pay at the time of disposing of the goods.

Explanation:

What is meant by excise tax?

An excise duty is a kind of indirect tax obligation levied on the production, disposal, and use of manufactured products. The products can be related to petroleum, liquor, tobacco, and imported items. It is a tax reimbursed to the government by the manufacturer.

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Ken, a real estate agent, assures Lily that a certain parcel of commercial property fronts on the most highly trafficked street in Metro City. Lily buys the property and then discovers that the street has no more traffic than any other in its vicinity. Lily may recover damages for

Answers

Lily is a victim of fraudulent misrepresentation and may recover damages for her down payment.

What is Fraud?

This refers to the use of false pretexts to get something from someone or close a deal and is considered a criminal offense.

Hence, based on the fact that Ken, the real estate agent was not truthful in his assertion about the traffic rate in the property he was about to sell, then Lily is a victim of fraud and may recover damages for her down payment

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What is average of numbers on b4:b12

Answers

The average of numbers on b4:b12 is the sum of (b4:b12)/9.

What is an average?

An average is a central value of some numbers.  An average value can be referred to as the mean, median, or mode because an average typically represents a group of numbers (or data set).

Thus, when the numbers contained in the data set, b4:b12, are summed and divided by 9, the arithmetic average (mean) is found.  The mode can also be discovered in the data set by looking for the number that appears most among the nine numbers.

Another average value that we can compute is the median, which refers to the middle number 8 (b8) between b4 and b12, especially after they are sorted in ascending or descending order.

Thus, the average of numbers on the b4:b12 range can simply mean the sum of (b4:b12)/9.

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When there is no formal, written partnership agreement, and agreement to form a partnership is enforceable. True False

Answers

When there is no formal, written partnership agreement agreement to form a partnership is not enforceable. i.e False.

What is partnership?

Partnership involves two or more people coming to terms over a business idea or strategy.

This partners have a mutual agreement to pull their resources together for profit.

Therefore, When there is no formal, written partnership agreement to form a partnership is not enforceable. i.e False.

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Hi I need help please!!

Answers

A the answer bro or girl ok

Answer:

is the top or bottom question should answer?

What's the taxable equivalent yield on a municipal bond with a yield to maturity of 3.9 percent for an investor in the 35 percent marginal tax bracket

Answers

When a person has a marginal tax bracket of 35%, their taxable equivalent yield to a municipal bond is 6%.

What is the taxable equivalent yield?

It can be found by the formula:

= Municipal bond / ( 1 + tax rate)

Solving gives:

= 3.9% / ( 1 - 35%)

= 3.9% / 0.65

= 6%

In conclusion, a 6% return would be an appropriate taxable equivalent yield.

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1. Why were many large discount retailers slow to sell online in the early days of electronic commerce?

Answers

They are slow to sell online  because the retailers were adamant to implement online sales at that time because they had huge investments in their physical stores.

What are discount stores in terms of retailing?

The term discount retailers is known to be used in discount store, where the merchandiser or a  retail store are known to often sells products at prices lower than other traditional retail shores.

Note that some discount stores are like department stores as they are known to offer a wide range of goods at cheap prices.

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Which of the following statements identifies a key difference between a job description and a job specification?


A. A job description is concerned with the short-run objectives of a job, but a job specification is concerned with the job's long-run objectives


B. A job description is based on a human resource inventory, while a job specification is the result of a performance appraisal.


C. A job description is a statement about the job, while a job specification is a statement about the person who does the job.


D. A job description is a brief summary of what a job involves, while a job specification is a detailed and technically complete statement of what a job
involves

Answers

A key difference between a job description and a job specification is as follows:

C. A job description is a statement about the job, while a job specification is a statement about the person who does the job.

How is a job description different from a job specification?

A job description is concerned with the following issues about the job:

Job titleJob locationJob summaryWorking environmentDuties, etc.

A job specification is concerned with the following matters about the job holder:

QualificationsExperienceTrainingSkillsEmotional attributesMental capabilities.

Thus, a key difference between a job description and a job specification is Option C.

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