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Jet001 [13]
2 years ago
5

Holly, Inc. has a building that originally cost $562,500. Holly expects to be able to sell the facility for $160,500 at the end

of its useful life. The balance of the related Accumulated Depreciation account is $387,000. The residual value of the facility is:__________.
A. $226,500.
B. $175,500.
C. $160,500.
D. $402,000.
Business
1 answer:
storchak [24]2 years ago
6 0

Answer:

C. $160,500.

Explanation:

Depreciation: The depreciation is an expense that shows a reduction in the value of the fixed assets due to tear and wear, obsolesce, usage, time period, etc. It is shown on the debit side of the income statement. It is a non-cash item that does not affect the cash balance.

The formula to compute the depreciation expense under the straight-line method is shown below:

= (Original cost - residual value) ÷ useful life

The original cost is the purchase value of the assets

The residual value is the salvage value at the end of its useful life

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Walter Industries’ current ratio is 0.5. Considered alone, which of the following actions would increase the company’s current r
MissTica

Answer:

a. Borrow using short-term notes payable and use the cash to increase inventories.

Explanation:

The formula to compute the current ratio is shown below:

Current ratio = Total Current assets ÷ total current liabilities  

where,

The current assets = Cash and cash equivalents + Short-term investments + Accounts and notes receivable + Inventories + Prepaid expenses and other current assets

And, current liabilities would be

= Short-term obligations + Accounts payable

If the current ratio is 0.5 which means that the current asset is 1 and the current liabilities are 2 so the most appropriate option is a.

4 0
2 years ago
Four finalists have been selected for a job as a travel agent. Which candidate will most likely get the job?
Svetllana [295]

Answer:

a

Explanation:

5 0
2 years ago
Alta Loma Industries has three product lines, A, B, and C. The following information is available: A B C Sales $100,000 $90,000
larisa [96]

Answer:

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Explanation:

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399720

8 0
1 year ago
Rath Company provided the following information:
Anit [1.1K]

Answer:

The correct answer is $8,316( Unfavorable) and $10,500 ( Favorable).

Explanation:

According to the scenario, the computation of the given data are as follows:

Actual Variable OH  AH × SVOR              SH × SVOR

$222,816          $57,200×$3.75 = $214,500     $60,000×$3.75 = $225,000

  Variable OH spending variance        Variable OH efficiency variance                                

      $214,500 - $22,816)                              $225,000 - $214,500

    = $8,316( Unfavorable)                            = $10,500 ( Favorable)

Hence, Variable OH spending variance  =  $8,316( Unfavorable)

And Variable OH efficiency variance = $10,500 ( Favorable)

7 0
1 year ago
Masde Corporation produces and sells Product CharlieD. To guard against stockouts, the company requires that 25% of the next mon
pishuonlain [190]

Answer:

57,500

Explanation:

Total required units:

= Expected unit sales + Desired ending finished goods unit

= 50,000 + (25% × 80,000)

= 50,000 + 20,000

= 70,000

Budgeted production for August would be:

= Total required units - Beginning finished goods unit

= 70,000 - (25% × 50,000)

= 70,000 - 12,500

= 57,500

Therefore, the budgeted production for August would be 57,500.

5 0
1 year ago
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