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1 year ago

After you are done taking notes from a speaker, you should _____.

Business

1 answer:

ExtremeBDS [4]1 year ago

6 0

Answer: D

Explanation:

It's best to review your notes and clarify to make sure that you understand what the speaker has said grasped the idea.

~~~Inuola1234

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Windsor Hospital purchases $90,000 in surgical equipment on October 1, Year 1. The useful life is estimated to be 5 years, and t

AVprozaik [17]

Answer:

The depreciation expense for year 1 is $16,000

Explanation:

Depreciation: The depreciation was occurred due to tear and wear, obsolesce, time period, etc

Under the straight-line method, the depreciation should be charged with the same amount over the useful life.

The calculation is shown below:

= $\dfrac{(original\ cost - residual\ value)}{(useful \ life)}$

= $\dfrac{(\$90,000 - \$10,000)}{(5 \ years)}$

= $16,000

The depreciation should be charged for $16,000 in year 1. Moreover, it is shown in the income statement in the debit side and in the cash flow statement also.

5 0

2 years ago

The estimated demand for a good is Q = 3,600 - 12P + 0.6M - 2.5PR where Q is the quantity demanded of the good, P is the price o

Gnom [1K]

Answer:

Explanation:

a. Related goods can be complementray goods or substituted goods. In case of complementary goods, price of related good is inversely related to quantity demanded. In case of substituted goods, price of related good is directly related to quantity demanded.

b. It can be greater than 1.

c. It is always negative as relationship between price and quantity demanded is inverse.

d. It doesn't violate the law of demand

4 0

2 years ago

The bonus rates for each salesperson are determined by sales amounts using the following scale:__________.

Mariana [72]

Answer:

=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)

Explanation:

The formula to be placed in cell C8 is provided below :

=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)

The cell will calculate the bonus according to the given data, the given data is placed in the cell using IF formula. The formula starts with = and then writing IF then applying all the terms.

7 0

2 years ago

Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company’s accounts receivable on December 31, and a hist

gregori [183]

Answer:

The adjusting entry for uncollectible accounts as of December 31:

Debit Bad debts expense $68,550

Credit Allowance for doubtful accounts $68,550

Explanation:

Estimated uncollectible = $892,000 x 3/4% + $285,000 x 1% + $101,000 x 8% + $63,000 x 16% + $43,100 x 50% + $17,700 x 80% = $6,690 + $2,850 + $8,080 + $10,080 + $21,550 + $14,160 = $63,410

The company uses aging of accounts receivable to estimate uncollectible. The allowance for doubtful accounts had a debit balance of $5,140 as of December 31.

Bad debts expense = $63,410 + $5,140 = $68,550

The adjusting entry for uncollectible accounts:

Debit Bad debts expense $68,550

Credit Allowance for doubtful accounts $68,550

3 0

1 year ago

Sage, Inc. has 20 employees who each earn $100 per day and are paid every Friday. The end of the accounting period is on a Wedne

WARRIOR [948]

Answer:

D) $6,000.

Explanation:

Number of Employees = 20 employees

Earning per day = $100 per day

Total Earning per day = 20 x $100 = $2,000 per day

It is assumed that weekend days are off days and not being paid.

Week days Spent upto last day after payment = Wednesday - Last Monday

Week days Spent upto last day after payment = 3 days

Accrued Expense at the end of accounting period = 3 days x $2,000 per day = $6,000

5 0

1 year ago