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2 years ago

During 2019, Pepe Guardio purchases the following property for use in his calendar year-end manufacturing business:

Business

1 answer:

Sladkaya [172]2 years ago

8 0

Answer:

Depreciation Expense for 2019 using form 4562

Basis For depreciation; Recovery Period ; Convention ; Method ; Depreciation deduction

2,000 ; 5 years ; HY ; 200 DB ; 400

40,000 ; 7 years ; HY ; 200 DB ; 6,573

Explanation:

Accelerated method of depreciation is used by businesses for accounting and income tax purposes. The depreciation is calculated in such a way that the depreciation expense is higher in early years and lower in later years. Pepe is also using this method to account for his business assets. The depreciation expense for computer equipment and manufacturing equipment's totals $6,973.

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Bright Minds Toy Company prepared the following sales budget for the second quarter. Projected sales for each of the first three

Verizon [17]

Answer:

Total sales is $1,777,000

Explanation:

April May June Total

cash sales $115,000 $77,000 $140,000 $332,000

sales on account $455,000 $500,000 $490,000 $1,445,000

Total sales $570,000 $577,000 $630.000 $1,777 ,000

Above is the sales analysis for the three months April to June,the total sales in the quarter is $1,777,000 which comprises of both cash sales and credit sales in all of the three months.

Sales does not be cash,as sales is to recognized when the entity making the sale has performed its obligation of delivering the goods to the customers or delivered on an agreed service.

4 0

2 years ago

Matthew Liotine's Dream Store sells water beds and assorted supplies. His best-selling bed has an annual demand of 395 units.

Sergeu [11.5K]

Answer:

77.48 units

Explanation:

Data provided in the questions

Annual demand = 395 units

Ordering cost = $38

Holding cost per unit per year = $5

The computation of the economic order quantity is shown below:

$= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}$

$= \sqrt{\frac{2\times \text{395}\times \text{\$38}}{\text{\$5}}}$

= 77.48 units

hence, the economic order quantity is 77.48 units

We simply applied the above formula so that approximate units could come. And it always expressed in units

8 0

2 years ago

Norma Company had 10,000 units in work in process at January 1 that were 50 percent complete. During January, 25,000 units were

ZanzabumX [31]

Answer:

b. 29,800.

Explanation:

Number of units out in January = 25,000 units completed during month + 80% of 6,000 units completed at month end

= 25,000 + 4,800

= 29,800

5 0

2 years ago

Read 2 more answers

Boris, Carina, and Theo have decided to go into business as a limited partnership importing and selling exotic spices. Boris and

adoni [48]

Answer:

Boris, Carina, and Theo each owe $3 million jointly and severally, so Alina may sue one, two, or all three for the $3 million balance.

Explanation:

Under a partnership firm, all the partners are held equal in terms of liability, and they are held liable independently and together for the same amount.

Accordingly, it do not matter whether the partner is active or not active in the business.

Therefore, in the given instance also, even though Theo was not an active partner he shall also be held liable for any damage to any third person because of concerned business.

Thus, correct option is:

Statement B

4 0

2 years ago

Cost of money Four fundamental factors affect the cost of money: (1) the return that borrowers expect to earn on their investmen

notka56 [123]

Answer:

b. 1 and 3.

Explanation:

The investors are of two types either they are risk averse or risk seekers. Risk averse are those who are not willing to take risks for their investments. They accept lower returns but they are not ready to take more risks than their appetite. Risk seekers are those who demand more risk for more returns. The risks level is so high that even their whole investments can go away but they take this risk to achieve high extra ordinary returns.

8 0

2 years ago