Instructions

Equipment was acquired at the beginning of the year at a cost of $637,500. The equipment was depreciated using the double-declining balance method based on an estimated useful life of 9 years and

an estimated residual value of $43,195


a. What was the depreciation for the first year? Round your intermediate calculations to 4 decimal places. Round the depreciation for the year to

the nearest whole dollar




please help me !!!!!!!! i’ve been trying so solve it & i can’t seem to understand it.

Answers

Answer 1

Based on the given information, the amount of the depreciation expense for the first year is $141,667.

Data and Calculations:

Cost of Equipment = $637,500

Estimated residual value = $43,195

Depreciable amount = $594,305

Estimated useful life = 9 years

Depreciation method = double-declining-balance method

Depreciation rate = 22.2222% (100/9 x 2)

First year's depreciation = $141,667 ($637,500 x 22.2222%)

Reduced balance = $495,833 ($637,500 - $141,667)

Second year's depreciation = $110,185 ($495,833 x 22.2222%)

Thus, each year's depreciation will be computed on the reduced balance. However, the last year's depreciation will be the difference between the reduced balance and the estimated residual value.

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Related Questions

The Centers for Disease Control and Prevention (CDC) defines a healthy sleep duration
to be at least seven hours per day. The CDC reports that the percentage of people who
report a healthy sleep duration varies by marital status. The CDC also reports that in
2018, 67% of those who are married report a healthy sleep duration; 62% of those who
have never been married report a healthy sleep duration; and 56% of those who are
divorced, widowed, or separated report a healthy sleep duration. The file Sleep Habits
contains sample data on the sleeping habits of people who have never been married
that are consistent with the CDC's findings. Use these data to answer the following
questions. Click on the datafile logo to reference the data,
DATA file
a. Develop a point estimate and a 95% confidence interval for the proportion of those
who have never been married who report a healthy sleep duration,
Point estimate
(to 4 decimals)
to
Confidence interval
(to 4 decimals)
4
b. Develop a point estimate and a 95% confidence interval for the mean number of
hours of sleep for those who have never been married.
(to 4 decimals)
Point estimate
to
Confidence interval
(to 4 decimals)
c. For those who have never been married, estimate the number of hours of sleep per
day for those who report a healthy sleep duration (to 4 decimals).

Answers

a. The point estimate of the married people that sleep well is = 0.6299. The confidence interval for the mean hours of sleep for those that have never been married but report good sleep is 0.6186, 0.6412

b. The point estimate of the number of hours for people that have never been married = 7.2257

95% confidence interval for the mean number of  hours of sleep for those who have never been married = 7.2065, 7.2447

c. the estimated number of sleep for those that have never been married = 7.729 hours

a. The point estimate

[tex]P=\frac{Xp}{n}[/tex]

[tex]Xp = successes\\n = sample size\\[/tex]

Those who have never been married n = 7044

Xp = those who sleep for 7 hours at least

To get Xp, the excel function

Countif(range, criteria)

Countif(A:A, >=7)

This gives Xp = 4437

Point estimate =

[tex]\frac{4477}{7044}[/tex]

= 0.6299

The point estimate of the married people that sleep well is = 0.6299

At 95% interval of confidence,

α = 1-0.95 = 0.05

α/2 = 0.05/2 = 0.025

Z0.025 = 1.96 ( Use the standard probability normal table)

Margin of Error

=[tex]M.E = 1.96\sqrt \frac{0.6299(1-0.6299)}{7044} \\\\= 1.96\sqrt{0.000033} \\\\1.96*0.0057[/tex]

= 0.0113

The 95% confidence interval

= 0.6299 - 0.0113 , 0.6299 + 0.0113

= 0.6186, 0.6412

The confidence interval for the mean hours of sleep for those that have never been married is 0.6186, 0.6412

b. Sample mean

x = ∑x/n

x = number of sleep of the never been married

Mean is calculated using excel function

Average(range)

Average(a:a)

This gives the sample mean = 7.2257

The point estimate of the number of hours for people that have never been married = 7.2257

Standard deviation using excel =

Stdev(A:A) = 0.8211

[tex]Margin of error =1.96*\frac{0.8211}{\sqrt{7044} }[/tex]

= 0.0192

The confidence interval =

= 7.2257-0.0192, 7.2257+0.0192

= 7.2065, 7.2447

95% confidence interval for the mean number of  hours of sleep for those who have never been married = 7.2065, 7.2447

c. From the available data, the mean number of sleep per day that is gotten from the 4437 people that are unmarried and sleep healthily for at least 7 hours = 34295.1

Mean = 34295.1/4437

= 7.729

the estimated number of sleep for those that have never been married = 7.729 hours

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I hope that if you graduate, what can you do for this company better?

Answers

Answer:

I be confident for your company

Interviewing Techniques
Lexie, a marketing manager, regularly interviews candidates for her team. Because Lexie is a
people person, and her department is built on teamwork, when she interviews candidates for a
job, she tries to get to know the candidates as people. She always begins by saying, "Tell me
about yourself," and based on what the candidate says, she lets the conversation unfold for 30
to 60 minutes per session.
Questions
i) How does Lexie’s current interview technique limit her effectiveness as an interviewer?
[3 marks]
ii) Lexie also wishes to contact people or organizations as referees for job candidates to fill
strategic positions in the organizations. Discuss two to three limitations of referee reports
placed on management or organizations for job candidates. How do organizations cope
with this burden?
[4 marks]
iii) The human resource department at Lexie’s organization is preparing to formulate a drug
testing policy for all potential job applicants. Discuss why drug tests is a controversial
component of the personnel selection process?
[3 marks

Answers

Lexie's current interview technique limits her effectiveness as an interviewer as she uses the non-directive interview method, where there is no structure and questions are not specified, which can result in less reliability and validity.

Some limitations of reports from referees placed in management or organizations for job applicants are related to lack of knowledge of the organizational culture and biases that can compromise the recruitment and selection process.

Ideally, the recruitment and selection process for candidates who will fill strategic positions in organizations should be based on the selection carried out by the company's executives, who already have greater experience and vision to recruit the right candidate.

Drug testing is controversial in the personnel selection process because it negatively affects the candidate's experience, as well as being expensive and making the selection process more time-consuming.

Therefore, the ideal is that drug tests are carried out if this procedure is legal in the location where the company operates, and if it is a necessity of the work position.

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Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 280 $ 17 $ 4,760 April 15 purchase 420 20 8,400 April 23 purchase 300 22 6,600 1,000 $ 19,760 Calculate weighted average cost per unit.

Answers

Answer:

Closing inventory - $10,160

Costs of goods sold - $9,600

Explanation:

Under the LIFO Method, the cost of good sold equals to

= April 23 units × cost per unit + Remaining units × cost per unit

= 300 units × $22 + 150 units × $20

= $6,600 + $3,000

= $9,600

Since the firm has sold 450 units, so out of which 300 units sold at a price of $22 and the remaining 150 units sold at a price of $20

The ending inventory equals to

= Remaining units × cost per unit + April 1 × cost per unit

= 270 units × $20 + 280 units × $17

= $5,400 + $4,760

= $10,160

Since on April 23, the 420 units were purchase, out of which 150 units are transferred to the cost of good sold and the remaining units 270 units at $20 is transferred to the ending inventory

On job training techniques example

Answers

Answer:

tyf didi

Explanation:

workforce Zoya Jacobson

I guess when your training you could ask for help with anything you don’t know

what are books of prime entry? ​

Answers

Answer:

A book or record in which certain types of transaction are recorded before becoming part of the double-entry book-keeping system.

This year you earned 75,500. Last year you earned 72,400. What was the rate of change on your earnings since last year? A. 4.28% B. 4.68% C. 4.92% D. 5.12%​

Answers

It’s 5.12% this is cuz u need max 20 letters to send the answer

Identify a current trending topic on Yahoo! or Twitter. Why do you think this particular topic is currently trending? How long do you think this topic will remain popular? Can you connect the trending topic to any of the cultural values and behaviors discussed in your readings?

Answers

Answer:

I am pro of free fire

Explanation:

124 5

Which of the following team members would be tasked with using sales or production information to determine transportation requirements?
Transportation Manger
Delivery Truck driver
Material handler
Train Conductor

Answers

The team member responsible for determining transportation requirement is the transportation manager.

A transportation manager is the one responsible for overseeing and directing transportation-related operations in organisation.

The duty of the transportation manager include;

Direct all the activities related routing,dispatch,transporting vehicles,loading,off-loading etc.He/she communicate with the sales manager about all the information regarding customer contact,quqntity of products to be shipped etc.Supervising shipments until delivery is compleated

Get information from production department about the supply/transportation of necessary resources(raw materials etc.).

The correct option is (a) Transportation manager.

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Answer:

Transportation manager

Explanation:

1. Explain the role of values in the making of business ethics. How these can be incorporated in working out business strategy?​

Answers

Answer:

A company's values would guide its employees on how they will do their job or conduct business (i.e., business ethics). Organizations like Xerox are including "living our values" as one of their performance objectives. The values are being accompanied by specific objectives and performance measures, which are anchored on the organization's strategy.

Explanation:

The source I used is https://www.strategy-business.com/article/05206?gko=987a9.

Companies utilize social media to:

ANSWER IS....

drive traffic to the company website
create awareness of product features
increase product exposure

Answers

Answer:

true true true true true

Developing training program

Answers

Answer:

Training can be viewed as a process comprised of five related stages or activities: assessment, motivation, design, delivery, and evaluation.

Explore five stages of the training process:

Assess.

Motivate.

Design.

Deliver.

Evaluate.

Identify the supporting document:

A_ Sale of merchandise

B_Payment of rent

C_Buy a car

D_Current account deposit

E_Delivery of goods​

Answers

A_sale of merchandise

(for economics class) How could a manager or owner of a business utilize a cost production table to make the business a success?

Answers

1.Starting a business requires analytical thinking, determined organization, and detailed record-keeping.

2.It’s important to be aware of your competition and either appropriate or improve upon their successful tactics.

3.You’ll almost certainly end up working harder for yourself than you would for someone else, so prepare to make sacrifices in your personal life when establishing your business.

4.Providing good service to your customers is crucial to gaining their loyalty and retaining their business.

Pina Colada Co. had the following transactions during the current period.

Mar. 2 Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $29,400 for services performed in helping the company to incorporate.
June 12 Issued 58,300 shares of $5 par value common stock for cash of $362,400.
July 11 Issued 1,025 shares of $100 par value preferred stock for cash at $130 per share.
Nov. 28 Purchased 2,520 shares of treasury stock for $78,000.

Requried:
Journalize the transactions.

Answers

Pina Colada Co. will record the following journal entries for the transactions.

Mar. 2 Debit Attorney's Fees $29,400

Credit Common Stock $25,000

Credit Additional Paid-in Capital - Common $4,400

To record the issuance of 5,000 shares at $5 par value for attorney's bill.

June  12 Debit Cash $362,400

Credit Common Stock $291,500

Credit Additional Paid-in Capital - Common $70,900

To record the issuance of 58,300 shares at $5 par value for $362,400.

July 11 Debit Cash $133,250

Credit Preferred Stock $102,500

Credit Additional Paid-in Capital -Preferred $30,750

To record the issuance of 1,025 shares of $100 par value at $130 per share.

Nov. 28 Debit Treasury Stock $12,600

Debit Additional Paid-in Capital - Common $65,400

Credit Cash $78,000

To record the purchase of 2,520 shares at $5 par for $78,000.

Data and Calculations:

Mar. 2 Attorney's Fees $29,400 Common Stock $25,000 Additional Paid-in Capital - Common $4,400

issuance of 5,000 shares at $5 par value.

June  12 Cash $362,400 Common Stock $291,500 Additional Paid-in Capital - Common $70,900

58,300 shares at $5 par value.

July 11 Cash $133,250 Preferred Stock $102,500 Additional Paid-in Capital -Preferred $30,750

1,025 shares of$100 par value at $130 per share

Nov. 28 Treasury Stock $12,600 Additional Paid-in Capital - Common $65,400 Cash $78,000

2,520 shares at $5 par for $78,000.

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Assume a company is considering whether to accept or reject a special order opportunity to sell a customer 300 units of a slightly customized version of one of its products for $38.25. The normal selling price of this product is $48 per unit. It can fulfill the order using existing manufacturing capacity. The company’s accounting system estimates the following unit product cost for this product: Per Unit Direct materials $ 18 Direct labor 12 Manufacturing overhead 10 Total cost $ 40 The company estimates that $3 of its manufacturing overhead varies with respect to the number of units produced. The remainder of its overhead is fixed and unaffected by the volume of units produced within the relevant range. Assuming that this decision will have no effect on sales to other customers, what is the financial advantage (disadvantage) of accepting the special order?

Answers

The financial advantage the company gains by accepting the special order of 300 units is $1,575.

Data and Calculations:

Units of sales for special order = 300 units

The unit price for the special order = $38.25

Normal selling price per unit = $48

Estimated unit product cost:

Direct materials $ 18

Direct labor 12

Manufacturing overhead 10

Total cost $ 40

Variable manufacturing overhead = $3

Fixed manufacturing overhead = $7 ($10 -$3)

Total relevant cost =  $33 ($18 + $12 + $3)

The per unit financial advantage of accepting the special order = $5.25 ($38.25 - $33)

Thus, the financial advantage accruing to the company for accepting the special order of 300 units is $1,575 (300 x $5.25).

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Along with a complete shut down or even jail time for its principals, what other possible result can occur if a business violates federal regulations?
A. The business may be fined for its infractions.
B. The business may be sanctioned and employees asked to resign.
C. The principal owners would be asked to leave the country

no links please​

Answers

Answer:

The answer is "yes".

By definition they regulate them, which means restraining some of the actions they might otherwise take that are perceived to harm others or have other greater negative impacts on society.

That being said, they also benefit them by generally fostering an environment of stability in the markets, which is the first thing that commerce needs in exploiting opportunities. When a business knows what to expect, it is able to develop effective strategies that optimize profits for the circumstances.

Explanation:

Coca-Cola and PepsiCo are the leading competitors in the market for cola products. In 1960 Coca-Cola introduced Sprite, which today is the worldwide leader in the lemon-lime soft drink market and ranks fourth among all soft drinks worldwide. Prior to 1999, PepsiCo did not have a product that competed directly against Sprite and had to decide whether to introduce such a soft drink. By not introducing a lemon-lime drink, PepsiCo would continue to earn a $200 million profit and Coca Cola would continue to earn a $300 million profit.

Suppose that by introducing a new lemon-line soft drink, one of two possible strategies could be pursued : (1) PepsiCo could trigger a price war with Coca-Cola in both lemon-lime and cola markets or (2) Coca-Cola could acquiesce and each firm maintains its current 50/50 split of the cola market and split the lemon-lime market 70/30 in favor of Coca-Cola. If Pepsi introduced a lemon-lime drink and a price war resulted, both companies would earn profits of $100 million. Alternatively, Coca-Cola and PepsiCo would earn $275 million and $227 million, respectively, if PepsiCo introduce a lemon-lime drink and Coca-Cola acquiesced and split the markets as listed above.

Diagram this situation using the extensive or tree-form of a game.

How you can convince your colleagues that introducing the new soft drink is the most profitable strategy by explaining the reasoning and theoretical analysis?

Answers

The introduction of the new soft drink is the most profitable strategy because it'll be in Coca-Cola's bad interest if a price war is started.

It should be noted that in a perfectly competitive market that is, a market where the producers and consumers possess full and symmetric information, a price war would not occur.

However, the soft drink industry is a monopolistically competitive industry since Coca-Cola and PepsiCo control the majority of the market share.

Therefore, the introduction of the new soft drink will be a profitable solution because it'll be in Coca-Cola's bad interest if a price war is started with PepsiCo.

In conclusion, a price war shouldn't be started.

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What are three influences that led to the development of amusement parks and theme parks? Evaluate and describe some of the ways that these influences helped shape modern amusement and theme parks.

Answers

Answer:

Three influences that led to the development of amusement parks and theme parks are the Medieval European pleasure gardens, industrialization and world fairs.

Explanation:

Three influences that led to the development of amusement parks and theme parks are the Medieval European pleasure gardens, industrialization and world fairs. They helped shape modern amusement parks and theme parks by bringing in ideas of pleasure and advances in technology allowing for mechanical rides

European fairs, pleasure gardens and large picnic area

I WILL GIVE BRAINLEIST

In what ways do federal, state, and local regulatory agencies play a role in the hospitality and tourism industry, specifically the recreational sector? Identify and describe one example for each agency, evaluating the ways in which this agency impacts the hospitality and tourism industry by using your example as a framework.

What are three influences that led to the development of amusement parks and theme parks? Evaluate and describe some of the ways that these influences helped shape modern amusement and theme parks.

Imagine that you are looking to hire someone for a park ranger position. What characteristics or skills would you look for in the candidates? Why?

Shelly is accompanying her dad to work for a few days over summer break. Her dad is a theme park manager. What are some tasks, duties, and things that Shelly might observe her dad doing over these few days while she is with him at work?

Answers

Answer:

its only my opionion

Explanation:

local and state stakeholders and partners, with some assistance from federal groups. The realization of what federal agencies can and cannot do has led to new approaches. One example is community-based disaster preparedness (CBDP), which is increasingly used as a general framework for promoting local-level capacity building.

The hospitality industry is thought to have the biggest positive socioeconomic effects on employment, living standards, tax collections for state and municipal governments, and local retail sales growth.

What is hospitality?

The term "hospitality" refers to the relationship that exists between a host and a guest in which the host accords the guest some measure of goodwill. This includes the welcoming and entertaining of guests, visitors, or strangers.

Medieval European pleasure gardens, industrialization, and world fairs are three factors that influenced the growth of amusement parks and theme parks. They contributed to the development of modern theme parks and amusement parks by introducing concepts of enjoyment and technological advancements that made mechanical rides possible.

The characteristics or skills for a park ranger will be:

Physical fitness to work outdoors. Strong communication skills.A willingness to help people and conservation efforts.

Shelly can ensure all parts of the park are operating effectively in terms of staff and equipment and oversee the effective application of health and safety regulations and risk assessment to ensure a safe environment for park employees and the public

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Joanna ran a red light and hit another car. No one was hurt, but there was
damage to both vehicles. Joanna has liability coverage, but she does not
have collision insurance. Joanna's insurance carrier will pay for the damage
to:
A. neither vehicle.
Ο Ο
B. Joanna's vehicle only.
C. the other driver's vehicle only.
O
O
D. both vehicles.

Answers

Because his vehicle have a liability coverage alone on his car, then, the insurance carrier will pay for the damage to other driver's vehicle only.

The liability coverage provided is this case is also called a Third party insurance because it provide compensation for liability arising from damage to other road users.

Hence, since his vehicle have a liability coverage alone on his car, then, the insurance carrier will pay for the damage to other driver's vehicle only.

Therefore, the Option C is correct.

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A project with an initial cost of $26,900 is expected to generate cash flows of $6,500, $8,600, $9,050, $7,950, and $7,300 over each of the next five years, respectively. What is the project's payback period

Answers

Answer:

b

Explanation:

An economy where the government determines the prices of all goods and services produced is called a ( 50 POINTS AND BRAINLIEST IT HAS TO BE FAST PLS )

a
capitalistic economy

b
command economy

c
free enterprise economy

d
global export economy

Answers

B. Command economy
This is because this is exactly what. Command economy does

Answer:

B. command economy

Explanation:

Companies use esg integration to create new forms of

Answers

It's about using ESG integration to create new forms of competitive advantage. And since it involves fundamental strategic and operational choices, it can't be left entirely to the investor relations team or the sustainability department.

Describe ESG integration?

Environmental, social, and governance (ESG) integration is the practice of integrating significant ESG data into the investment process with the goal of enhancing the long-term financial performance of our clients' portfolios.

Why are ESGs integrated by businesses?

The examination of corporate actions that impact operational effectiveness, future course, and boosted risk-adjusted returns and long-term viability can be supported by ESG integration. ESG integration supports the evaluation of possibilities and risks in organizations and portfolios.

What are the uses of ESG?

ESG, or environmental, social, and governance, is a phrase used to describe an organization's corporate financial interests, which primarily concentrate on ethical and sustainable outcomes. Capital markets utilize ESG to assess businesses and forecast their financial prospects.

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Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you a recent OM graduate to divide these item into ABC classification. Fill in the blanks and then answer the following questions. round dollar volume to the nearest number and percentage of dollar volume to two decimal places.
Item Annual Demand Cost\Unit Dollar Volume % of Total Dollar Volume
A2 3500 50 ___ ___
BB 4000 12 48,000 4.89
CT 1500 45 67,500 6.60
D1 6000 20 _____ _____
E9 1000 20 20,000 1.95
F3 500 500 ____ _____
G2 200 1500 300,000 29.34
H2 600 20 12,000 1.17
I5 1750 10 ____ ___
J8 2500 5 12,500 1.22
Based on the percentages of dollar volume, Item A2 should be classified as _____.

Answers

1. The blanks are filled with the correct values and each item classified according to the ABC classification as follows:

A - outstandingly important

G2                200               1500          300,000                      37.62%

A2             3500                   50            175,000                      21.94%

D1              6000                  20            120,000                     15.05%

B - of average importance

CT              1500                  45               67,500                       8.46%

BB             4000                   12              48,000                       6.02%

 

C - relatively unimportant

F3               500                500             25,000                        3.13%

E9              1000                  20             20,000                        2.51%

I5               1750                  10               17,500                        2.19%

J8             2500                   5               12,500                        1.57%

H2              600                  20              12,000                        1.50%

2. Item A2 is classified as A - outstandingly important.

Data and Calculations:

Item  Annual Demand  Cost\Unit   Dollar Volume   % of Total Dollar Volume

A2             3500                   50            175,000                      21.94%

BB             4000                   12              48,000                       6.02%

CT              1500                  45              67,500                       8.46%

D1              6000                  20            120,000                     15.05%

E9              1000                  20             20,000                        2.51%

F3               500                500             25,000                        3.13%

G2              200               1500          300,000                     37.62%

H2              600                  20              12,000                        1.50%

I5               1750                  10               17,500                        2.19%

J8             2500                   5               12,500                        1.57%

Total Dollar Volume                          797,500                         100%

Percentages of dollar = Dollar Volume/Total Dollar Volume x 100

Thus, based on the percentages of dollar volume, Item A2 should be classified as A - outstandingly important.

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Reasons why there can be power without authority and their examples​

Answers

Answer:

OK IDONTKNOWYOUKNOW

Explanation:

JUST ASKING

Can anyone help me with this accounting question? Im confused with the question​

Answers

Answer:

what the heck

Explanation:

is this englesh

List of biodegradable products?

Please give good answers! 100 points!

Answers

Answer:

food scraps and coffee grounds, paper towels, toilet paper, newspapers, junk mail, paper plates and cups, clothing and towels

zarasiato24, I couldn't give Brainliest so I am posting a new question so I can give you Brainliest

Answers

Answer:

im here

Explanation:

A decrease in the discount rate causes employment to

Answers

Answer: A decrease in discounts for employees causes employment to decrease as well

Explanation:

Other Questions
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