Refer to the information above. Assume that in its financial statements, Tilton Products uses the 150%-declining-balance method and the half-year convention. Depreciation expense in 2009 and 2010 will be: Group of answer choices

Answer:

Depreciation expense in 2009 = $8,250

Depreciation expense in 2010 = $14,953.13

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

On April 30, 2009, Tilton Products purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, with an $8,000 residual value.

Refer to the above data. Assume that in its financial statements, Tilton Products uses the 150%-declining-balance method and the half-year convention. Depreciation expense in 2009 and 2010 will be:

The explanation of the answers is now provided as follows:

Depreciation rate = 150% / Estimated useful life = 150% / 8 = 0.1875

Since the half-year convention is assumed, it implies that only half of the first year which is 2009 depreciation will be claimed while the full depreciation will be claimed for the rest of the year. Therefore, we have:

Depreciation expense in 2009 = (Cost of the machinery * Depreciation rate) / 2 = ($88,000 * 0.1875) / 2 = $8,250

Book value at the beginning of 2010 fiscal year = Cost of the machinery - Depreciation expense in 2009 = $88,000 - $8,250 = $79,750

Depreciation expense in 2010 = Book value at the beginning of 2010 fiscal year * Depreciation rate = $79,750 * 0.1875 = $14,953.13

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Q1 Q2 Q3 Q4
Sales $441 $513 $594 $558
Total cash disbursement 368 465 720 456


Required:
Wrtie down cash budget for the company.

One investor is trying to derive the implied discount rate by comparing an annuity and an annuity due. Assume that the future value of the annuity is $49,081.00, and the future value of the annuity due is $52,169.00. All the other information regarding these two investments are similar, what's the implied discount rate

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Should the company compete in software, hardware, or both? What platforms should it focus, if any? Were there ancillary revenue streams that the company could focus on, similar to other companies that had licensed their character IP? Alternatively, was it possible to create a corporate model similar to Legoland's or Walt Disney's?"

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a. All costs are opportunity costs.
b. People usually exploit opportunities to make themselves better off.
c. Resources are scarce.
d. Many decisions are made on the margin.

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Activity Cost Pools Estimated Overhead Cost Expected Activity
Product A Product B Product C
Activity 1 $17460 600 600 1200
Activity 2 $19987 1700 600 2300
Activity 3 $29884 400 120 520

The activity rate for Activity 2 is closest to: __________
a. $29.274
b. $33.311
c. $11.764
d. $8.69

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The endpoint method computes the percent change as a percent of the starting value.

a. True
b. False

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b. The Committee on Accounting Procedure.
c. The Financial Accounting Standards Board
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Sales $138,000
Costs:
Manufacturing $68,000
Depreciation on machine 9,500
Selling and administrative expenses 46,000 (123,500)
Income before taxes $14,500
Income tax (35%) 5,075
Net income $9,425
a. 6.00 years.
b. 1.99 year.
c. 6.05 years.
d. 12.10 years.
e. 3.01 years.

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a. Demand-based concept
b. Competition-based concept
c. Product cost concept
d. Target costing
e. Production bottleneck

1. Constraint
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3. Only includes the costs of manufacturing in product cost per unit
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a. True
b. False

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b. $11,562.50.
c. $14,375.00.
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what is cost variance

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