Which phrase correctly defines the motives of a business?

In year 1, Lawrence Corp. purchased equipment for $100,000. Lawrence uses straight-line depreciation over a 10-year useful life

UkoKoshka [18]

Answer:

$90,000 and $86,000

Explanation:

In year 1, Lawrence Corp. purchased equipment for $100,000. Lawrence uses straight-line depreciation over a 10-year useful life with no residual value for financial reporting purposes.

In year 1, tax depreciation was $14,000. At the end of year 1, the carrying value for accounting purposes is $90,000, and the tax basis is $86,000.

Carrying value = Cost - Depreciation to date = 100,000 - (100.000 cost / 10 years) = $90,000

While tax basis = Cost - Tax depreciation = $100,000 - $14,000 = $86,000

6 0

2 years ago

Read 2 more answers

Aaron purchased 500 shares of KMP stock on May 8. On May 16, he purchased another 200 shares and then on May 20 he purchased a f

UkoKoshka [18]

Answer:

Steve will receive $752 dividend income on June 12.

Explanation:

=> Dividend is declared on May 6 to holders of record on Friday, May 22.

=> Aaron shares purchased before May 22 are:

500 shares on May 8

200 shares on May 16

100 shares on May 20

∴ 800 shares in total

Aaron is having Total 800 Shares as on May 22. So he will receive Dividend for 800 shares.

since Dividend per share = $0.94 , therefore

Total Dividend = 0.94 x Total share ==> 0.94 x 800

Total dividend = $752

4 0

2 years ago

A manufacturer of ice creams introduces a new mint and lime flavored ice cream. According to the product/market matrix, the amou

Umnica [9.8K]

Answer:

The correct answer is: low.

Explanation:

According to the traditional product-market matrix, innovativeness risk can imply different variations in a company's process of production. However, in the case of the ice cream manufacturers, the only change is a flavor that is likely to represent little to no change risk because the technology involved to produce it will be almost the same as producing the rest of the flavors.

4 0

2 years ago

Zan Azlett and Angela Zesiger have joined forces to start A&Z Lettuce Products, a processor of packaged shredded lettuce f

krek1111 [17]

Answer:

a. The break-even quantity in units for manual process= 26,786 bags

b. $80,358

c. 36,000 bags

d. $108,000

e. $53,000

f. $58,000

g. 26,786 bags

h. mechanized process, manual process.

Explanation:

a. Using the formula

Fixed Costs ÷ (Revenue per Unit – Variable Cost per Unit)

= $ 37, 500÷$3- $ 1.60

=26,786

b. Using the formula

Break-Even Point (sales dollars) = Fixed Costs ÷ Contribution Margin

where Contribution Margin = Price of Product – Variable Costs

=37, 500÷($3- $ 1.60)

=26,786 x $3= $80,358

c. Using the formula

Fixed Costs ÷ (Revenue per Unit – Variable Cost per Unit)

= $ 72,000÷$3- $1

=36,000 bags

d. Using the formula

Fixed Costs ÷ Contribution Margin

where Contribution Margin = Price of Product – Variable Costs

= $ 72,000÷($3- $1)

=36,000 bags x $3= $108,000

e. 65,000 bags x $3-$1.60= $91,000-$37,500 (manual process fixed cost)

= $53,000

f. 65,000 bags x $3-$1= $130,000-$72,000 (manual process fixed cost)

= $58,000

h. The mechanized process option should be chosen as this would bring more returns if the demand exceeds the point of indifference and the manual process if the demand stays below the point of indifference.

8 0

2 years ago

Despite tuition skyrocketing, a college education is still valuable. Recent calculations by the Federal Reserve Bank in San Fran

gladu [14]

Answer:

s = $13,014.22

Explanation:

Sample values: $40,632, $35,554, $42,192, $33,432, $69,479 and $43,589

Sample size = 6

The standard deviation of a sample (s) is given by:

$s=\sqrt{\frac{\sum(x_i-X)^2}{n-1}}$