The asset's book value is $64,800 on June 1, Year 3. On that date, management determines that the asset's salvage value should be $6,400 rather than the original estimate of $11,400. Based on this information, the amount of depreciation expense the company should recognize during the last six months of Year 3 would be:a. $2,366.37
b. $4,866.67
c. $1,958.33
d. $2,433.33
e. $2,700.00

Answers

Answer 1
Answer:

Answer:

$2,316.67

Explanation:

From the question we know that the asset is depreciated in 3 years

The monthly depreciation expenses before re-determine savage value

= ($64,800-$11,400)/36 = $1,483.33

Because management determine to reduce $5,000 in salvage value (=$11,400-$6,400) just before 6 months ending depreciation period, then we have to allocate $5,000 in next 6 months.

The depreciation expense during the last six months of Year 3 would be:

= current depreciation expense $1,483.33 + $5,000/6

= $2,316.67


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Answers

Answer:

The correct answer is letter "D": Penetration policy.

Explanation:

Penetration pricing refers to a strategy by which firms introduce their products at a price lower than the average in the market in an attempt of attracting the greater quantity of consumers possible and wiping out competitors. After the competition is removed, the entity plans to set the price of its good higher since it has the control of the market now assuming customers would not have found a substitute.

When small describes how his customers choose to purchase his clothes (by evaluating that his brand is environmentally conscientious, whereas most other brands are not), which condition of exchange is being met?

Answers

The condition of exchange that is being met when Small describes how his customers choose to purchase his clothes (by evaluating that his brand is environmentally conscientious, whereas most other brands are not) is that each party believes it is appropriate or desirable to deal with the other party.

Which of the following best explains the purpose of a demand schedule?A. To calculate how much of a good consumers will use.
B. To demonstrate how supply affects demand.
sm
C. To indicate how supply and demand relate to price.
D. To show the level of demand at various prices.
SUBMIT

Answers

Answer:

a is your answer

Explanation:

AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of February: Fixed Component per Month Variable Component per Job Actual Total for February
Revenue $280 $39,250
Technician wages $8,400 $8,250
Mobile lab operating expenses $4,800 $31 $9,290
Office expenses $2,400 $3 $2,700
Advertising expenses $1,580 $1,650
Insurance $2,870 $2,870
Miscellaneous expenses $970 $1 $425

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $31 per job, and the actual mobile lab operating expenses for February were $9,290. The company expected to work 150 jobs in February, but actually worked 154 jobs.

Required:
Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity variances for February.

Answers

Answer:

I used an excel spreadsheet since there is not enough room here. I ordered the given data:

                                              Fixed           Variable           Actual Total

Revenue                                                        $280                $39,250

Technician wages                $8,400                                       $8,250

Mobile lab operating exp.   $4,800              $31                   $9,290

Office expenses                   $2,400               $3                   $2,700

Advertising expenses           $1,580                                       $1,650

Insurance                              $2,870                                       $2,870

Miscellaneous expenses        $970                $1                      $425              

The actual results yielded an unfavorable operating income variance. Operating income = $14,065, unfavorable variance = $2,645

Compute the Work-in-Process transferred to the finished goods warehouse on April 30 using the following information: Work-In-Process Inventory, April 30 $275
Direct material purchased during April 250
Work-In-Process Inventory, April 1 300
Direct labor costs incurred 400
Manufacturing overhead costs 350
Direct materials used in production 225

Answers

Answer:

$1,100

Explanation:

Computation for the Work-in-Process transferred to the finished goods warehouse on April 30

Work-In-Process Inventory, April 1 300

Direct materials used in production 225

Direct labor costs incurred 400

Manufacturing overhead costs 350

Less Work-In-Process Inventory, April 30 ($175)

Work-in-Process transferred to the finished goods warehouse $1,100

Therefore the Work-in-Process transferred to the finished goods warehouse on April 30 will be $1,100

______________ is/are an example of a detective control. a. Physical access controls b. Encryption c. Log analysis d. Emergency response teams

Answers

Answer:

(C) Log Analysis

Explanation:

  • Detective Control: An accounting term used to find problems within a company's processes

Log Analysis is a computer management system that logs records. This log analysis records everything, so if there is an ongoing problem, it will be recorded. Once its recorded and known, a solution can be provided.