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Neko [114]
2 years ago
7

Skysong, Inc. sells equipment on September 30, 2019, for $17,400 cash. The equipment originally cost $72,400 and as of January 1

, 2019, had accumulated depreciation of $42,300. Depreciation for the first 9 months of 2019 is $5,250. Prepare the journal entries to (a) update depreciation to September 30, 2019, and (b) record the sale of the equipment.
Business
1 answer:
beks73 [17]2 years ago
5 0

Answer:

Explanation:

The journal entries are shown below:

a. Depreciation Expense A/c Dr $5,250

        To Accumulated Depreciation - Equipment A/c $5,250

(Being depreciation expense is recorded)

b. Cash A/c Dr $17,400

   Accumulated Depreciation - Equipment A/c $47,550

   Loss on Disposal of Equipment $7,450

                  To Equipment A/c $72,400      

(Being sale of machinery is recorded and the remaining balance is credited to the Loss on Disposal of Equipment A/c)

The accumulated depreciation is computed below:

= $42,300 + $5,250

= $47,550

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Ellen is a recent college graduate. She has decided to open a T-Shirt business and would like to create budget worksheet using M
Nezavi [6.7K]

Answer: Absolute reference

Explanation:

When working on the computer system using Microsoft Excel and the operator wants to fix the position of a chosen cell in any formula in order for there not to be a change in value whenever the cell is changed or when the formula is copied to other sheets or cells, ABSOLUTE REFERENCE is used.

To use absolute reference, the dollar (“$”) sign is placed before and after the name of the column of the chosen cell. It can also be done by typing F4 key as this will cover the column name with the dollar sign. Since Ellen's monthly income is thesame, she can use an absolute reference.

3 0
2 years ago
How does EVM operationalize or put into practice the management of trade-offs implied by the triple constraint discussed since t
Aleksandr-060686 [28]

Answer:

The answer is below

Explanation:

EVM uses Cost, Scope and time to characterize the achievement of a task. The expense of undertaking is the measure of cash spent to convey the task. The cutoff time for conveyance is the hour of the venture and degree is the characteristics, highlights and advantages of the task as wanted by the client.

The specialty of adjusting these three limitations characterizes the execution achievement and nature of the venture. Any one factor has sway on the other. For instance on the off chance that the expense of the venture is diminished or expanded, at that point either a portion of the highlights of the undertaking will be diminished or expanded accordingly bringing about decline or increment of advantages to the client. The decline in cost in this manner influences scope which thus impacts the hour of the undertaking. With each element or advantage expanded or diminished, the time will likewise increment or decline. Not just that even the enlisting of individual will influence these three requirements. Increment in cost may permit decline in the extension and decrease of groups at work, in this way increment in time.

EVM investigates just three parts of time, cost and scope and doesn't trouble much about the chances, dangers and bottlenecks, quality or significance of different task groups. Cruel the truth is that venture administrators consider just expense and time as the fundamental requirements and extension has shocked sheet. This is basically because of the way that undertaking administrators can best gauge two imperatives one after another. The triple imperatives will make the best parity gave that effect of any adjustment in these three limitations is surely known and conveyed to the partners with the goal that quality which should be prime target can be acquired.

The merits and demerits of EVM are attached

6 0
2 years ago
K-Too Everwear Corporation can manufacture mountain climbing shoes for $33.18 per pair in variable raw material costs and $24.36
Brums [2.3K]

Answer:

(a) $10,093,300

(b) $57.54

(c) $69.61

(d) $287,700

Explanation:

Given that,

Variable raw material = $33.18 per pair

Variable labor expense = $24.36 per pair

Fixed cost = $1,750,000

Last year, production = 145,000 pairs

(a) Variable cost per unit:

= Variable raw material + Variable labor expense

= $33.18 + $24.36

= $57.54

Total production costs:

= Variable cost per unit × Number of units) + Fixed cost

= ($57.54 × 145,000 pairs) + $1,750,000

= $8,343,300 + $1,750,000

= $10,093,300

(b) Marginal cost per pair:

= The variable cost per pair

= $57.54

(c) Average cost per pair:

= Total Production Cost ÷ Number of units produced

= $10,093,300 ÷ 145,000

= $69.61

(d) Production Cost of additional 5,000 pairs:

= (Variable Cost per pair × Number of additional pairs produced )

= ($57.54 × 5,000)

= $287,700

Minimum acceptable total revenue is $287,700.

6 0
2 years ago
Help Please!!!!Jamir has decided that he needs a new car. He has found the model and color he wants for a purchase price of $25,
Leokris [45]

Answer:

He will have to come up with a bigger down payment

His monthly payments will be higher.

If Jamir leases the car, his down payment will be $1500.

If he purchases the car, his down payment will be 10% of purchase price which will be \frac{10}{100} *25,838 = $2583.80.

Hence his down payment will be higher if he purchases the car.

If Jamir leases the car, his monthly payments will be $290, as against the monthly payment of $432.46, which is higher.

0 0
2 years ago
Read 2 more answers
UBS buy-side analyst Christopher Dixon is following a mature telecommunications company TFI Inc in 2016. UBS estimates 1.5 for T
Pachacha [2.7K]

Answer:

The required return on equity is 17%.

Explanation:

The required rate of return is the minimum return required by the investors to invest in a stock. The required rate of return is calculated under the CAPM approach based on the the stock's beta, the risk free rate and the market risk premium. The formula for the required rate of return is,

r = rRF + beta * rpM

r = 0.05 + 1.5 * 0.08

r = 0.17 or 17%

3 0
2 years ago
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