A depreciation adjustment would include a debit to _____________________ and __________________________ to _______________

Answers

Answer 1

Answer:

Depreciation Expense, Credit, Accumulated Depreciation.


Related Questions

Equivalent units for materials total 40,000. There were 32,000 units completed and transferred out. Equivalent units for conversion costs equal 36,000. How much are the physical units for conversion costs if ending work in process is 50% complete

Answers

Answer: 40000

Explanation:

The physical units for conversion cost will be calculated as follows:

= Units completed and transferred out + (Equivalent units for conversion costs - Units completed and transferred out /Completion percentage)

= 32000 + (36000 - 32000 / 50% )

= 32000 + (4000/50%)

= 32000 + 8000

= 40000

According to this __________ perspective, international trade is unfair. The international system is inherently biased against developing countries.

Answers

Answer:

structuralism

Explanation:

The theory approach with respect to the social structure is known as the structuralism that studied the non-conscious regularities of expression done by the human i.e. it is non-observable structure that contains observable impact on the behavior, society & the culture

So as per the given situation, it is a structuralism

And, the same should be considered

Suppose a State of Nevada bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bonds is 5.5%, how much is the bond worth today

Answers

Answer:

$651.60

Explanation:

the worth of the bond today can be determined by calculating the present value of the bond's cash flow

Present value is the sum of discounted cash flows

Present value = cash flow / (1 + r)^n

r = interest rate

n = years

1000 / ( 1.055)^8 = $651.60

Do you think the phases work the same in construction as they do in event management or software development

Answers

Answer:

Yes

Explanation:

It is true that phases work the same in construction as they do in event management or software development because:

The constitution project phase defines and orchestrates the technical and methodical concept for the whole project including the design stage to the completion; It is a significant aspect to total completion and successful delivery of a construction project.

Typically, construction phases are commonly split into 4 vital phases including Planning, Preconstruction, Construction, and Close-out.

Hence, if a particular phase is missed or jumped over, there may be a problem, or the whole project will be jeopardized

i have a resturant which is famous for hydrabdi biryani but the ingredients are not avilable in the resturant suddenly if the guest will be came how i will manage it

Answers

you could say to the customer “sorry there is none available at the moment” and for them to come back and not be disappointed you can give them a discount voucher , therefore minimising the chance of that customer not returning.
by entertaining them forgot in talk always smile tell to wait

Lusk Corporation produces and sells 15,400 units of Product X each month. The selling price of Product X is $24 per unit, and variable expenses are $18 per unit. A study has been made concerning whether Product X should be discontinued. The study shows that $73,000 of the $104,000 in monthly fixed expenses charged to Product X would not be avoidable even if the product was discontinued. If Product X is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:_______.
a. ($61,400)
b. $11,600
c. $42,600
d. ($42,600)

Answers

Answer: A

Explanation: 61,400 hope you have a great day

who is the richest person in the world ?​

Answers

Answer:

Jeffrey Preston Bezos

Explanation:

Jeffrey Preston Bezos is an American investor, business tycoon, media proprietor, and he is founder and executive chairman of Amazon. Although, he had served as the chief executive officer (CEO), president and chairman of Amazon before becoming its executive chairman.

He was born on the 12th of January, 1964 in Albuquerque, New Mexico, United States of America.

According to Forbes magazine, Jeff currently has an estimated net worth of two hundred and five (205) billion dollars, making him the richest man in the world and on Earth.

In conclusion, Jeffrey Preston Bezos is the richest person in the world.

NAME During August, the following transactions were recorded at Gurdeep Corporation. The company uses process costing. (1) Raw materials that cost $24,500 are withdrawn from the storeroom for use in the Assembly Department. All of these raw materials are classified as direct materials. (2) Direct labor costs of $29,000 are incurred, but not yet paid, in the Assembly Department. (3) Manufacturing overhead of $58,900 is applied in the Assembly Department using the department's predetermined overhead rate. (4) Units with a carrying cost of $101,200 finish processing in the Assembly Department and are transferred to the Painting Department for further processing. (5) Units with a carrying cost of $106,100 finish processing in the Painting Department, the final step in the production process, and are transferred to the finished goods warehouse. (6) Finished goods with a carrying cost of $95,100 are sold. Required: Prepare journal entries for each of the transactions listed above. Account Description Debit $ Credit $ (1) To record direct materials issued to production Account Description Debit $ Credit $ (2) To record direct labor costs incurred but not paid. Account Description Debit $ Credit $ (3) To record application of manufacturing overhead Account Description Debit $ Credit $ (4) To record cost of goods completed by Assembly and transferred to Painting Account Description Debit $ Credit $ (5) To record cost of goods completed in Painting and transferred to Finished Goods warehouse Account Description Debit $ Credit $ (6) To record cost of goods sold

Answers

Answer:

Gurdeep Corporation

Journal Entries:

Account Titles                             Debit           Credit

(1) Work in Process (Assembly) $24,500

Raw Materials                                               $24,500

To record direct materials issued to production.

Account Titles                             Debit           Credit

(2) Work in Process (Assembly) $29,000

Payroll Payable                                             $29,000

To record direct labor costs incurred but not paid.

Account Titles                             Debit           Credit

(3) Work in Process (Assembly) $58,900

Manufacturing Overhead                             $58,900

To record application of manufacturing overhead.

Account Titles                             Debit           Credit

(4) Work in Process (Painting) $101,200

Work in Process (Assembly)                          $101,200

To record cost of goods completed by Assembly and transferred to Painting.

Account Titles                             Debit           Credit

(5) Finished Goods Inventory $106,100

Work in Process (Painting)                            $106,100

To record cost of goods completed in Painting and transferred to Finished Goods warehouse.

Account Titles                             Debit           Credit

(6) Cost of Goods Sold            $95,100

Finished Goods Inventory                           $95,100

To record cost of goods sold

Explanation:

a) Data and Analysis:

(1) Work in Process (Assembly) $24,500 Raw Materials $24,500

(2) Work in Process (Assembly) $29,000 Payroll Payable $29,000

(3) Work in Process (Assembly) $58,900 Manufacturing Overhead $58,900

(4) Work in Process (Painting) $101,200 Work in Process (Assembly) $101,200

(5) Finished Goods Inventory $106,100 Work in Process (Painting) $106,100

(6) Cost of Goods Sold $95,100 Finished Goods Inventory $95,100

In most cases, not-for-profit entities:______________

a. prepare budgets using the same steps as those used by profit-oriented enterprises.
b. know budgeted cash receipts at the beginning of a time period, so they budget only for expenditures.
c. begin the budgeting process by budgeting expenditures rather than receipts.
d. can ignore budgets because they are not expected to generate net income.

Answers

Answer:

c. begin the budgeting process by budgeting expenditures rather than receipts.

Explanation:

In maximum cases, the non-for-profit entities started the budgeting process via budgeting expenses instead of the budgeting receipts as they are qualified for the tax-exemption also their mission & purpose is to provide the benefit to the general public.

So as per the given options, the option c is correct

Leon and Beth own 1/13 of a timeshare estate. They own weeks 20 and 21, and also weeks 40 and 41. These weeks are inheritable. What type of ownership is this

Answers

Answer: Fee simple.

Explanation:

The type of ownership applicable in this case is the fee simple ownership. The fee simple refers to a term in real estate such that the property owner has full ownership of the land as well as any buildings that are on such land and can do what he or she wishes on the land.

Based on the information given, since we are informed that Leon and Beth own 1/13 of a timeshare estate and own some particular weeks which are inheritable, thus is called the fee simple.

a. Suppose Whole Foods adopts a cost leadership strategy for its new business. What would be the advantages and disadvantages of this strategy

Answers

Answer:

The answer is below

Explanation:

Some of the advantages the Whole Foods will derive when they adopt a cost leadership strategy:

1. The firm will earn more profits

2. The market share will increase

3. There will be more availability of capital for the business growth

Some of the disadvantages the Whole Foods will derive when they adopt a cost leadership strategy:

1. Financial reduction in vital areas of the business that might affect the successful running of the business

2. It lowers innovation in production

3. It promotes the production of lower quality commodities

When Susan, the CEO of Gregarious Simulation Systems, expanded her operations to a different international market, she was surprised to see how little competition she faced. In her home country, the competition for simulation systems is incredibly fierce. As a result of her international expansion, her firm has been able to easily position themselves as a major player. Which of the four categories of Porter's Diamond framework best explains this advantage?

a. competitive intensity in the focal industry
b. related and supporting industries/complementors
c. demand conditions
d. factor conditions

Answers

Answer: A competitive intensity in the focal industry.

Explanation:

Porter's competitive intensity explains the level of rivalry that exists in a particular industry. The competitive intensity is influenced by different factors, such as the fixed cost, concentration of the industry, switching cost, rate of industrial growth etc.

Therefore, from the information given, since the company expanded her operations to a different international market, and the subsequent little competition that was faced, this is explained by the competitive intensity in the focal industry.

Therefore, the correct option is A.

Norton Company reported total sales revenue of $55,000, total expenses of $45,000, and net income of $10,000 on its income statement for the year ended December 31, 2010. During 2010, accounts receivable increased by $4,000, merchandise inventory increased by $6,000, accounts payable decreased by $2,000, and depreciation of $18,000 was recorded. Therefore, based only on this information, the net cash flow from operating activities using the indirect method for 2010 was:

Answers

Answer:

By calculation the answer is $16,000.

Norton Company reported total sales revenue of $55,000, total expenses of $45,000, and net income of $10,000 on its income statement for the year ended December 31, 2010.  To calculate the net cash flow from operating activities using the indirect method.

The net income and then adjust for changes in working capital and non-cash expenses.

Net Income: $10,000

Adjustments for Changes in Working Capital:

Increase in Accounts Receivable: $4,000

Increase in Merchandise Inventory: $6,000

Decrease in Accounts Payable: $2,000

Adjustments for Non-cash Expenses:

Depreciation: $18,000

Net Cash Flow from Operating Activities:

Net Income + Adjustments for Changes in Working Capital + Adjustments for Non-cash Expenses

$10,000 - $4,000 - $6,000 + $2,000 + $18,000

$10,000 - $8,000 + $2,000 + $18,000

Net Cash Flow from Operating Activities = $22,000

Therefore, based on the given information, the net cash flow from operating activities using the indirect method for 2010 was $22,000.

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The following data are given for Harry Company: Budgeted production 1,088 units Actual production 946 units Materials: Standard price per ounce $1.976 Standard ounces per completed unit 11 Actual ounces purchased and used in production 10,718 Actual price paid for materials $21,972 Labor: Standard hourly labor rate $14.96 per hour Standard hours allowed per completed unit 4.2 Actual labor hours worked 4,872 Actual total labor costs $79,170 Overhead: Actual and budgeted fixed overhead $1,091,000 Standard variable overhead rate $28.00 per standard labor hour Actual variable overhead costs $136,416 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is a.$19,730.93 favorable b.$6,284.88 favorable c.$19,730.93 unfavorable d.$6,284.88 unfavorable

Answers

Answer:

Direct labor rate variance= $6,284.88 unfavorable

Explanation:

Giving the following information:

Standard hourly labor rate is $14.96 per hour

Actual labor hours worked 4,872

Actual total labor costs $79,170

To calculate the direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (14.96 - 16.25)*4,872

Direct labor rate variance= $6,284.88 unfavorable

Actual rate= 79,170 / 4,872= $16.25

Give the six steps involved in the decision making process​

Answers

Answer:

DECIDE

Explanation:

D - define the problem

E - establish the criteria

C - consider all alternatives

I - identify the best alternative

D - develop and implement a plan of action

E - evaluate and monitor the solution and give feedback when necessary

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New lithographic equipment, acquired at a cost of $859,200 on March 1 of Year 1 (beginning of the fiscal year), has an estimated useful life of five years and an estimated residual value of $96,660. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year. On the basis of the data presented to the manager, the double-declining-balance method was selected.

Required:
a. Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by (a) the straight-line method and (b) the double-declining-balance method. Round your answers to the nearest whole dollar.
b. Journalize the entry to record the sale assuming the manager chose the double-declining-balance method.

Answers

Answer and Explanation:

The calculation and the journal entry is given below:

a)

Depreciation expense= (Original cost - Residual Value) ÷ Estimated useful life

= $(859200 - 96660) ÷ 5

= $152508

Year     Depreciation Expense Accumulated depreciation   Book Value,

1            $152508                           $152508                           $706692

2            152508                         305016                            554184

3             152508                            457524                           401676

4              152508                            610032                             249168

5          152508                           762540                              96660

b)

Depreciation rate is

= 100 ÷ 5 × 2

= 40%

Year     Depreciation Expense Accumulated depreciation   Book Value,

1  $343680                               $343680                            $515520

( 40% of 859200)

2       206208                                   549888                             309312

(40% of 515520)

3 123725                                     673613                        185587

4 74235                                      747848                         111352

5  14692                                      762540                               96660

(111352-96660)

c)

The journal entry is  

Cash  $141422.00  

Accumulated depreciation- Equipment  $747848.00  

     To Gain on sale of Equipment   $30070.00

      To Equipment   $859200.00  

(Being the sale of equipment is recorded)      

Assume that the demand for bicycles increases significantly at the same time that there is an increase in the number of people qualified to make bicycles. What would happen to the market equilibrium quantity of labor and wage rate for the labor to produce bicycles

Answers

Answer: The quantity of labor increases, and the effect on the wage rate is indeterminate.

Explanation:

The supply of people who can make bicycles has increased at the same time the demand for bicycles has increased. The supply curve would therefore shift to the right and so would the demand curve for labor. They will intersect at a new point where the quantity of labor has now increased.

Unfortunately, the effect on the wag rate would be indeterminate because the wage rate might just stay the same on account of the supply increasing along with the demand instead of either of them increasing unilaterally. When tis happens, the change is said to be indeterminate.

Grays Company uses a perpetual inventory system. On May 1, the company had inventory of 20 units at a cost of $8 each. On May 3, it purchased 30 units at $10 each. 22 units are sold on May 6. Under the weighted average inventory costing method, what amount will be reported as cost of goods sold for the 22 units that were sold

Answers

Answer: $9.20

Explanation:

Using the weighted average inventory costing method, the price is abased on the number of units and their price.

The above inventory cost would be calculated as follows:

= [ (Opening units * Cost of units) + (Units purchased * Cost of purchase) ] / Total units in inventory

= [ (20 * 8) + (30 * 10) ] / (20 units + 30 units)

= [ 160 + 300 ] / 50

= $9.20

Find the percentage change in price in each of the following examples using the mid-point method.
Instructions: Round your answers to two decimal places. If you are entering a negative number be sure to include a negative sign (-) in front of that number.
a. The price of a $4 sandwich increases to $5: percent
b. A sale discounts the price of a sofa from $750 to $500: percent

Answers

Answer:

0.22

-0.40

Explanation:

midpoint change in price = change in price / average of both price

a. change in price =  (5 - 4) = 1

average of both prices = 0.5 (4 + 5) = 4.50

midpoint change in price = 1/ 4.5 = 0.22

b.  change in price = (500 - 750) = -250

average of both prices = 0.5(750 + 500) = 625

-250 / 625 = -0.4

Bellingham Company produces a product that requires 6 standard pounds per unit. The standard price is $3 per pound. If 4,800 units required 29,700 pounds, which were purchased at $2.88 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $fill in the blank 1 b. Direct materials quantity variance $fill in the blank 3 c. Total direct materials cost variance $fill in the blank 5

Answers

Answer:

Results are below.

Explanation:

To calculate the direct material price and quantity variance, we need to use the following formulas:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (3 - 2.88)*29,700

Direct material price variance= $3,564 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (6*4,800 - 29,700)*3

Direct material quantity variance= (28,800 - 29,700)*3

Direct material quantity variance= $2,700 unfavorable

Now, the total direct material variation:

total direct material variation= 3,564 - 2,700

total direct material variation= $864 favorable

MC Qu. 90 Sea Company reports the following information... Sea Company reports the following information regarding its production costs: Units produced 46,000units Direct labor$39per unit Direct materials$32per unit Variable overhead$21per unit Fixed overhead$115,000in total Compute the product cost per unit under absorption costing.

Answers

Answer:

Unit product cost= $94.5

Explanation:

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.

Unit product cost= direct material + direct labor + total unitary overhead

Total unitary overhead= 115,000 / 46,000= $2.5

Unit product cost= 39 + 32 + 21 + 2.5

Unit product cost= $94.5

Grace Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance per books, 7/31 $4,500 Deposits in transit 150 Notes receivable and interest collected by bank 850 Bank charge for check printing 20 Outstanding checks 2,000 NSF check 170 The adjusted cash balance per the books on July 31 is____.a. $5,010.
b. $3,310.
c. $3,460.
d. $5,160.

Answers

Answer:

d. $5,160

Explanation:

Calculation to determine what The adjusted cash balance per the books on July 31 is

Cash balance per books, 7/31 $4,500

Add Notes receivable and interest collected by bank $850

Less Bank charge for check printing ($20)

Less NSF check ($170)

Cash balance per the books on July 31 $5,160

Therefore The adjusted cash balance per the books on July 31 is $5,160

Tally Corp. sells softwares during the recruiting seasons. During the current year, 11,000 softwares were sold resulting in $440,000 of sales revenue, $110,000 of variable costs, and $48,000 of fixed costs. Contribution margin per software is:________. a) $30.00 b) $36.00 c) $40.00 d) $10.00

Answers

Answer:

A

Explanation:

Contribution margin is used to determine the profitability of a product. it is price less variable cost

Contribution margin = price - variable costs

Price = revenue / quantity sold

$440,000 / 11,000 = 40

Variable cost = total variable cost /output

$110,000 / 11,000 = 10

contribution margin = 40 - 10 = 30

Estrada Corporation produced 204,000 watches that it sold for $18 each. The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $816,000 gross margin on its financial statements. Required Determine the variable cost per unit, the total variable product cost, and the total contribution margin.

Answers

Variable cost per unit

Total sales 204,000 x $18 = $3,672,000

Gross margin (given) $816,000

COGS=Total Sales -Gross Margin ($3,672,000-816,000)= $2,856,000

Total Fixed Cost 204,000 x $9 = $1,836,000

COGS Total variable cost + total fixed cost 2,856,000-1,836,000=$1,020,000

variable cost per unit (1020,000/204,000)= $5

Contribution margin $2,652,000

Total variable cost = $1,020,000Total variable cost = $5Contribution margin = $2,652,000

Given:

Number of watch produced = 204,000

Selling price of each watch = $18

Fixed cost = $9 per watch

Gross margin = $816,000

Find:

Variable cost per unit

Total variable product cost

Total contribution margin

Computation:

Total sales Value = 204,000 × $18

Total sales Value = $3,672,000  

Cost of goods sold = Total Sales - Gross Margin

Cost of goods sold = $3,672,000 - $816,000

Cost of goods sold = $2,856,000  

Total Fixed Cost = 204,000 × $9

Total Fixed Cost = $1,836,000  

Cost of goods sold = Total variable cost + Total fixed cost

So,

Total variable cost = $2,856,000 - $1,836,000

Total variable cost = $1,020,000

Variable cost per unit  = $1020,000 / 204,000

Total variable cost = $5  

Contribution margin = $3,672,000 - $1,020,000

Contribution margin = $2,652,000

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Based on the following information from Scranton Company's balance sheet, calculate the current ratio.

Current assets $87,000
Investments 50,000
Plant assets 220,000
Current liabilities 39,000
Long-term liabilities 90,000
Retained earnings 228,000

Answers

Answer:

2.23

Explanation:

Calculation to determine the current ratio

Using this formula

Current Ratio = Current Assets / Current Liabilities

Where,

Current Assets = $87,000

Current Liabilities = $39,000

Let plug in the formula

Current Ratio = $87,000 / $39,000

Current Ratio = 2.23

Therefore Current Ratio is 2.23

A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 28, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the merchandise return on July 7 is:

Answers

Answer:

Date   Account Titles and Explanation       Debit    Credit

          Accounts Payable                              $1,600

          ($1,800 - $200)

                 Merchandise inventory                             $32

                 (2% * $1,600)

                 Cash                                                           $1,568

          (To record  the merchandise return)

A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 28, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method.

The journal entry to record the merchandise return on July 7 using the perpetual inventory system and the gross method would be as follows:

Date: July 7

Merchandise Returns and Allowances $200

Accounts Payable $200

Explanation:

The Merchandise Returns and Allowances account is used to record returns of merchandise to the supplier. By crediting the Accounts Payable account, it reduces the amount owed to the supplier for the returned merchandise.

In this entry, the company is reducing the Accounts Payable by $200 due to the returned merchandise worth $200.

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E15.1B (L0 1) (Recording the Issuances of Common Stock) During its first year of operations, Endevor Corporation had the following transactions pertaining to its common stock. Apr. 26 Issued 15,000 shares for cash at $4.50 per share. May 11 Issued 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate. Aug. 1 Issued 20,000 shares for cash at $5 per share. Nov. 1 Issued 10,000 shares for cash at $7 per share. Instructions (a) Prepare the journal entries for these transactions, assuming that the common stock has a par value of $1 per share. (b) Prepare the journal entries for these transactions, assuming that the common stock is no par with a stated value of $3 per share.

Answers

Answer:

Endevor Corporation

Journal Entries:

a) Assuming that the common stock has a par value of $1 per share

Apr. 26 Debit Cash $67,500

Credit Common stock $15,000

Credit APIC $52,500

To record the issue of 15,000 shares for cash at $4.50 per share.

May 11 Debit Attorneys' fees $48,000

Credit Common stock $10,000

Credit APIC $38,000

To record the issuance of 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate.

Aug. 1 Debit Cash $100,000

Credit Common stock $20,000

Credit APIC $80,000

To record the  issuance of 20,000 shares for cash at $5 per share.

Nov. 1 Debit Cash $70,000

Credit Common stock $10,000

Credit APIC $60,000

To record the issuance of issuance of 10,000 shares for cash at $7 per share.

b) Assuming the common stock is no par with a stated value of $3 per share:

Apr. 26 Debit Cash $67,500

Credit Common stock $45,000

Credit  APIC $22,500

To record the issue of 15,000 shares for cash at $4.50 per share.

May 11 Debit Attorneys' fees $48,000

Credit Common stock $30,00

Credit APIC $18,000

To record the issuance of 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate.

Aug. 1 Debit Cash $100,000

Credit Common stock $60,000

Credit APIC $20,000

To record the issuance of 20,000 shares for cash at $5 per share.

Nov. 1 Debit Cash $70,000

Credit Common stock $30,000

Credit APIC $40,000

To record the issuance of 10,000 shares for cash at $7 per share.

Explanation:

a) Data and Analysis:

a) Assuming that the common stock has a par value of $1 per share

Apr. 26 Cash $67,500 Common stock $15,000 APIC $52,500 for the issue of 15,000 shares for cash at $4.50 per share.

May 11 Attorneys' fees $48,000 Common stock $10,000 APIC $38,000 issuance of 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate.

Aug. 1 Cash $100,000 Common stock $20,000 APIC $80,000 issuance of 20,000 shares for cash at $5 per share.

Nov. 1 Cash $70,000 Common stock $10,000 APIC $60,000 issuance of 10,000 shares for cash at $7 per share.

b) Assuming the common stock is no par with a stated value of $3 per share:

Apr. 26 Cash $67,500 Common stock $45,000 APIC $22,500 for the issue of 15,000 shares for cash at $4.50 per share.

May 11 Attorneys' fees $48,000 Common stock $30,000 APIC $18,000 issuance of 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate.

Aug. 1 Cash $100,000 Common stock $60,000 APIC $20,000 issuance of 20,000 shares for cash at $5 per share.

Nov. 1 Cash $70,000 Common stock $30,000 APIC $40,000 issuance of 10,000 shares for cash at $7 per share.

Place and convenience are connected by a core linkage. While GoPro was able to get the product into locations where customers could find it, it made an error when production problems forced it to

Answers

Question Completion with Options:

a. ignore convenience stores in its distribution network.

b. deliver fewer cameras than were needed during a holiday season.

c. miss the customer connection by emphasizing place over convenience.

d. exert too much power in the distribution network.

Answer:

GoPro

production problems forced it to

b. deliver fewer cameras than were needed during a holiday season.

Explanation:

Shortages are avoided by producers as much as possible in order not to cause disequilibrium in the market.  Shortages are not the same as scarcity.  They are temporary setbacks when the quantity demanded outstrips the quantity supplied at the equilibrium market price.  The backlashes result in lost sales and revenue for suppliers.  Shortages may clear ways for competitors to enter the market to meet the unsatisfied demand.

Henry is an economist and wants to understand the relationship between inflation and consumer spending habits. For his research, he needs
the Consumer Price Index for 2014 and the Inflation rate. Based on the prices of goods given, what will to he find to be the CPI and Inflation rate for
2014? Assume that a consumer's basket for three consecutive years consists of the following:
Year
Price of an Apple
Number of Apples
Consumed
Price of an
Orange
Number of Oranges
Consumed
2012
2
3
3
2
2013
3
2
2014
Ut
5
Consider 2012 to be the base year.
• A.
100 CPI, 49.56 percent inflation
© B. 165 CPI, 45.40 percent inflation
© C. 185 CPI, 55.35 percent inflation
O D. 175 CPI, 60.56 percent Inflation
O E. 125 CPI, 50.60 percent inflation

Answers

Answer:

C. 185 CPI, 55.35 percent inflation

MC Qu. 167 On its December 31, 2017, balance sheet... On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $470,000 and accumulated depreciation of $94,000. During 2018, the company plans to purchase additional equipment costing $100,000 and expects depreciation expense of $40,000. Additionally, it plans to dispose of equipment that originally cost $52,000 and had accumulated depreciation of $7,600. The balances for equipment and accumulated depreciation, respectively, on the December 31, 2018 budgeted balance sheet are:

Answers

Answer:

$518,000 and $136,400

Explanation:

Calculation to determine what The balances for equipment and accumulated depreciation, respectively, on the December 31, 2018 budgeted balance sheet are:

EQUIPMENT

Equipment as on 1st Jan,2018 $470000

Add: Equipment Purchased $100000

Less: Equipment Sold ($52000)

Equipment Balance as on 31st Dec,2018 $518,000

ACCUMULATED DEPRECIATION

Accumulated Depreciation as on 1st Jan $94000

Add: Depreciation for the year $50000

Less: Depreciation of asset sold ($7600)

Accumulated Depreciation as on 31st Dec,18 $136,400

Therefore The balances for equipment and accumulated depreciation, respectively, on the December 31, 2018 budgeted balance sheet are:$518,000 and $136,400

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