Based on the case and previous calculations, please answer the following short answer questions. Note: Your instructor will need to manually grade these questions. 1. Refer to Exhibit 4 (Financial Breakdown). What were the largest and smallest divisions by net sales in 2017? Identify the one most important division in terms of the proportionate net earnings for the company.

Answers

Answer 1

Question Completion:

see Exhibit 4 attached.

Answer:

1. The largest and smallest divisions by net sales in 2017:

Largest divisions:

Fabric & Home care with 32%

Baby, Feminine & Family Care, 28%

Smallest divisions:

Beauty with 18%

Grooming, 11%

Healthcare, 11%

2. The one most important division in terms of the proportionate net earnings for the company is:

Fabric & Home Care

Explanation:

The two largest divisions generate 60% of the net sales of the company while the three smallest divisions generate only 40%.  In terms of the proportionate net earnings for the company, the two largest divisions also generate 53% of the net earnings of the company, while the three smallest divisions generate 47%.  The analysis shows that the company's financial sustenance is largely driven by the Fabric & Home Care division and the Baby, Feminine & Family Care division.  Another up-and-coming division is the Beauty division, which generates 18% of the net sales and 20% of the net earnings.


Related Questions

On January 1, 2021, Jasperse Corporation leased equipment under a finance lease designed to earn the lessor a 12% rate of return for providing long-term financing. The lease agreement specified ten annual payments of $75,000 beginning January 1, and each December 31 thereafter through 2029. A 10-year service agreement was scheduled to provide maintenance of the equipment as required for a fee of $5,000 per year. Insurance premiums of $4,000 annually are related to the equipment. Both amounts were to be paid by the lessor and lease payments reflect both expenditures. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) At what amount will Jasperse record a right-of-use asset

Answers

Answer:

$442,977.5

Explanation:

Calculation for what amount will Jasperse record a right-of-use asset

Right of use asset = ($75,000 -$5,000) x PVAD, 12%, 10

Right of use asset =$70,000*6.32825

Right of use asset =$442,977.5

Therefore what Jasperse will record a right-of-use asset will be $442,977.5

A merchant plans to sell two models of home computers at costs of $250 and $400, respectively. The $250 model yields a profit of $45 and the $400 model yields a profit of $50. The merchant estimates that the total monthly demand will not exceed 250 units. Find the number of units of each model that should be stocked in order to maximize profit. Assume that the merchant does not want to invest more than $70,000 in computer inventory. (See Exercise 21 in Section 9.2.)

Answers

Answer:

That is there is maximum profit when 250 units of $250 model computer and 50 units of $400 model computer is stocked.

Explanation:

Let x represent the number of $250 model and let y represent the number of $400 model. Since the total monthly demand will not exceed 250 units, hence:

x + y < 250      (1)

Also the merchant does not want to invest more than $70,000, hence:

250x + 400y < 70000     (2)

x, y ≥ 0

Plotting the equations using geogebra online graphing tool. The solution to the problem is at (0,0), (200, 50), (250,0), (0, 175).

The profit equation is:

Profit = 45x + 50y

At (0,0); Profit = 45(0) + 50(0) = 0

At (250,0); Profit = 45(250) + 50(0) = $11250

At (0,175); Profit = 45(0) + 50(175) = 8750

At (200,50); Profit = 45(200) + 50(50) = $11500

Therefore the maximum profit is at (200, 50). That is there is maximum profit when 250 units of $250 model computer and 50 units of $400 model computer is stocked.

A car dealer acquires a used car for $20,000, terms FOB shipping point. Additional costs in obtaining and offering the car for sale include: $120 for transportation-in. $130 for insurance during shipment. $710 for import duties. $140 for advertising. $1,000 for sales staff salaries. For computing inventory, what cost is assigned to the used car

Answers

Answer:

17,900

Explanation:

you just add them all together than subtract it from 20k

Answer:

Included in Inventory Cost:

Cost:20,000

Transportation in:120

Import Duties:710

Insurance during shipment:130

Expensed as incurred:

Advertisement:140

Sales Staff salaries:1,000

Explanation:

Which of the following statement is correct?

a. firms in monopoly can sell non-commodities while firms in monopolistic competition cannot.
b. firms in monopoly can sell a commodity while firms in monopolistic competition cannot.
c. firms in monopoly are price setters while firms in monopolistic competition are not.
d. firms in monopoly can make economic profit in the short run while firms in monopolistic competition cannot.

Answers

Answer:

the correct answer I to this question is c

Please answer !!! For a lot of points

Answers

i think B is the answer,but ask another person too!

.

and tnx for points too :)

Answer:

thanks for points

Explanation:

Answer both parts of the following question. a. The San Francisco Chronicle reported that the toll on the Golden Gate Bridge was raised from $2 to $3. Following the toll increase, traffic fell by 5 percent. Based on this information, calculate the arc price elasticity of demand. Is demand elastic or inelastic

Answers

Answer:

The answer is "0.1".

Explanation:

Formula:

[tex]\text{Elasticity}= \frac{\% \text{volume changes in demand}}{ \% \text{price rise}}[/tex]

Calculating the value of price percent:

[tex]= \frac{(3-2)}{2} \times 100 \\\\= \frac{1}{2} \times 100 \\\\= \frac{100}{2} \\\\=50 \%[/tex]

Calculating the value of quantity change:  [tex]= -5 \%[/tex]

Calculating the value of elasticity:

[tex]= \frac{-5}{50} \\\\ = \frac{-1}{10} \\\\= -0.1[/tex]

Through this convention, the environmental signal is decreased and elasticity =0.1 is achieved until conductivity. Whose comparatively in elasticity is not as high as 1.

Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 32 (8 01:40:41
1. Received cash from long-term debt issuance.
2. Paid long-term debt with cash.
3. Received cash from short-term debt issuance.
4. Issued common stock for cash.
5. Paid cash for wages and salaries.
6. Received cash interest on a note.
7. Paid cash for property taxes on building.
8. Paid cash for utilities.
9. Sold stock investments for cash.
10. Received cash from sale of equipment.

Answers

Answer:

1. Received cash from long-term debt issuance.

Classification: Financing activities

2. Paid long-term debt with cash.

Classification: Financing activities

3. Received cash from short-term debt issuance.

Classification: Financing activities/Operating activities

4. Issued common stock for cash.

Classification: Financing activities

5. Paid cash for wages and salaries.

Classification: Operating activities

6. Received cash interest on a note.

Classification: Operating activities

7. Paid cash for property taxes on building.

Classification: Operating activities

8. Paid cash for utilities.

Classification: Operating activities

9. Sold stock investments for cash.

Classification: Investment activities / Finance activities

10. Received cash from sale of equipment.

Classification: Investment activities

The Canon Corporation sells ten copiers to the Title Company on October 15 for $40,000. Canon delivers the copiers to Title on October 20 and Title pays $16,000, agreeing to pay the balance on November 10. Under the cash basis, how much revenue should Canon recognize in October

Answers

Answer:

$16,000

Explanation:

Under the cash basis, the revenue is recognized when the cash is received and the expenses is recognized when the cash is paid

So according to the question since the $16,000 is paid so the revenue that should be recognized in the October month is $16,000

Therefore the same would be considered

Compute darryl's total social security and Medicare taxes for the third quarter, if she is self-employed and earns $1,020.00 on a weekly basis.

Answers

Answer and Explanation:

The computation of the total security and medicare tax is shown below:

Here we assume the social security and medicare tax is 12.4% and 2.9% respectively

So, first we compute the total earnings which is

= $1,020 × 13 weeks

= $13,260

Now the taxes are

= $13,260 × 12.4% + $13,260 × 2.9%

= $1,644.24 + $384.54

= $2,028.78

The market price of a security is $74. Its expected rate of return is 20.2%. The risk-free rate is 3% and the market risk premium is 6.5%. What will be the market price of the security if its correlation coefficient with the market portfolio doubles (and all other variables remain unchanged)

Answers

Answer:

The market price of the security if its correlation coefficient with the market portfolio doubles (and all other variables remain unchanged) will be $44.10.

Explanation:

Note: This question is not complete. The complete question is therefore presented before answering the question as follows:

The market price of a security is $74. Its expected rate of return is 20.2%. The risk-free rate is 3% and the market risk premium is 6.5%. What will be the market price of the security if its correlation coefficient with the market portfolio doubles (and all other variables remain unchanged)

Assume that the stock is expected to pay a constant dividend in perpetuity.

Explanation of the answer is now given as follows:

Since the correlation coefficient with the market portfolio doubles (and all other variables remain unchanged), it implies that beta and also the risk premium will also double.

From the question, we can obtain:

Current risk premium = Expected rate of return - Market risk premium = 20.2% - 6.5% = 13.70%

As the current risk premium will double, we have:

New risk premium = Current risk premium * 2 = 13.70% * 2 = 27.40%

Also, we have:

New discount rate = New risk premium + Market risk premium = 27.40% + 6.5% = 33.90%

Since it is assumed that the stock is expected to pay a constant dividend in perpetuity, the dividend can therefore e calculated as follows:

Dividend = Current market price * Current expected rate of return = $74 * 20.2% = $14.95

The new market price of the security can now be calculated as follows:

New market price of the security = Dividend / New discount rate = $14.95 / 33.90% = $44.10

Therefore, the market price of the security if its correlation coefficient with the market portfolio doubles (and all other variables remain unchanged) will be $44.10.

Suppose that Boeing Corporation exported a Boeing 747 to Lufthansa and billed €10 million payable in one year. The money market interest rates and foreign exchange rates are given as follows: Picture Assume that Boeing sells a currency forward contract of €10 million for delivery in one year, in exchange for a predetermined amount of U.S. dollar. Which of the following is (or are) true? On the maturity date of the contract Boeing will: (i) have to deliver €10 million to the bank (the counterparty of the forward contract) (ii) take delivery of $14.6 million (iii) have a zero net euro exposure (iv) have a profit, or a loss, depending on the future changes in the dollar-euro exchange rate, from this German (euro currency zone) sale Group of answer choices (i) and (iv) (ii) and (iv) (ii), (iii), and (iv) (i), (ii), and (iii)

Answers

Answer:

All Choices (i) (ii) and (iii) except (iv) are correct.

Explanation:

Solution:

Choices (i) (ii) and (iii) are correct in this question.

As we know that, it is a forward contract at the time of maturity so, Boeing 747 will have to deliver 10 million euros to the bank as per the forward contract obligation (fulfills the choice (i)). Furthermore, with forward currency, after selling 10 million euro worth of contract, Boeing 747 will take delivery at 14.6 million dollars  which is in US dollars as currency exchange (fulfills the choice (ii)). Hence, after maturity it will not have any exposure to euro (fulfills the choice (iii)).  

Hence, All Choices (i) (ii) and (iii) except (iv) are correct.

Entries into T Accounts and Trial Balance Connie Young, an architect, opened an office on October 1, 20Y4. During the month, she completed the following transactions connected with her professional practice: Transferred cash from a personal bank account to an account to be used for the business, $53,500. Paid October rent for office and workroom, $5,400. Purchased used automobile for $35,000, paying $8,000 cash and giving a note payable for the remainder. Purchased office and computer equipment on account, $10,700. Paid cash for supplies, $2,570. Paid cash for annual insurance policies, $3,600. Received cash from client for plans delivered, $13,400. Paid cash for miscellaneous expenses, $1,450. Paid cash to creditors on account, $3,100. Paid $430 on note payable. Received invoice for blueprint service, due in November, $1,800. Recorded fees earned on plans delivered, payment to be received in November, $9,300. Paid salary of assistants, $2,800. Paid gas, oil, and repairs on automobile for October, $700.

Answers

That’s to long 29 x 1,800

what are business letters ​

Answers

Professional letters for business

What is 1.
2.
3.
4.
5.
6.
?

Answers

1 is number ! Am I right
1 is number you use to count for

When the government subsidizes investment, such as with an investment tax credit, the subsidy often applies to only some types of investment. This question asks you to consider the effect of such a change. Suppose there are two types of investment in the economy: business investment and residential investment. The interest rate adjusts to equilibrate national saving and total investment, which is the sum of business investment and residential investment. Now suppose that the government institutes an investment tax credit only for business investment. a. How does this policy affect the demand curve for business investment

Answers

Answer:

The demand curve for business investment will shift upwards to the right, signaling an increased demand for business investment.

Investors will be attracted to invest more in business investment than they will invest in residential apartments.  This is how it has worked.

Explanation:

An economy's business investment includes the investments in the machines, tools, and equipment that business entities need for the production of goods and services.  On the other hand, its residential investment refers to the expenditure made for constructing or buying new houses or dwelling apartments for the purpose of living or renting out to others. If the government grants some tax credit to business investment, it will make business more attractive to the investing public.

A company that manufactures air-operated drain valve assemblies currently has $100,000 available to pay for plastic components over a 5-year period. If the company spent only $52,000 in year 1, what uniform annual amount can the company spend in each of the next 4 years to deplete the entire budget

Answers

Answer:

$18,297.31

Explanation:

The computation of the uniform amount that could be spend is shown below"

Here we determine the PMT

Given that

We assume the RATE = 10%

NPER = 5 - 1 = 4

PV = $100,000 × 1.1 - $52,000

= $110,000 - $52,000

= $58,000

FV = $0

The formula is given below:

= PMT(RATE,NPER,PV,FV,0)

The present value comes in negative

After applying the above formula, the uniform annual amount is $18,297.31

In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $20,000 and Job 11 $30,000. On March 31, Job 10 is sold to the customer for $35,000 in cash.Journalize the entries for the completion of the two jobs and the sale of Job 10.Date Account Titles and Explanation Debit CreditMar. 31 31 31

Answers

Answer:

Mar. 31

Dr Finished goods inventory $50,000

(20,000+30,00)

Cr Work in process inventory $50,000

31 Dr Cash $35,000

Cr Sales revenue $35,000

31 Dr Cost of goods sold $30,000

Cr Finished goods inventory $30,000

Explanation:

Preparation of the journal entries for the completion of the two jobs and the sale of Job 10

Mar. 31

Dr Finished goods inventory $50,000

(20,000+30,00)

Cr Work in process inventory $50,000

(Being To record the completion of the two jobs)

31 Dr Cash $35,000

Cr Sales revenue $35,000

(Being To record the sale job 10)

31 Dr Cost of goods sold $30,000

Cr Finished goods inventory $30,000

(Being To record the cost of the job sold)

In order for the economy to be strong, individuals must


a. produce goods and pay workers
b. provide labor and pay
workers
C.
produce goods and buy goods
d. provide labor and buy goods

Answers

Answer:

B

Explanation:

I took the test

The answer is D, provide labor and buy goods


There’s a quizlet mentioning the answers, just ask the question and it’ll pop up.

The following costs result from the production and sale of 4,450 drum sets manufactured by Tight Drums Company for the year ended December 31, 2019. The drum sets sell for $295 each. The company has a 30% income tax rate. Variable production costs Plastic for casing $ 115,700 Wages of assembly workers 404,950 Drum stands 155,750 Variable selling costs Sales commissions 106,800 Fixed manufacturing costs Taxes on factory 14,500 Factory maintenance 29,000 Factory machinery depreciation 89,000 Fixed selling and administrative costs Lease of equipment for sales staff 29,000 Accounting staff salaries 79,000 Administrative management salaries 159,000 Required: 1. Prepare a contribution margin income statement for the year. 2. Compute its contribution margin per unit and its contribution margin ratio.

Answers

Answer:

See below

Explanation:

1. Contribution margin income statement

Sales (4,450 × $295)

$1,312,750

Less: Variable costs

Plastic for casting

$115,700

Wages

$404,950

Drum stand

$155,750

Variable selling

$106,800

Contribution

$529,550

Less : Fixed costs

Taxes on factory

$14,500

Factory Maintenance

$29,000

Depreciation

$89,000

Lease of equipment

$29,000

Accounting staff salaries

$79,000

Admin management salaries

$159,000

Profit before tax

$130,050

Less :

Tax at 30%

$39,015

Profit after tax

$91,035

2. Contribution margin per unit

Contribution margin per unit = Total contribution / Number of units

Contribution margin per unit = $529,550 / 4,450

Contribution margin per unit = $119 per unit

•Contribution margin ratio

= Contribution margin per unit / Unit cost of drum

= $119 / $295

Contribution margin ratio = 40.34%

Beachballs, Inc., expects abnormally high earnings for the next three years due to the forecast of unusually hot summers. After the 3-year period, their growth will level off to its normal rate of 6%. Dividends and earnings are expected to grow at 20% for years 1 and 2 and 15% in year 3. The last dividend paid was $1.00. If an investor requires a 10% return on Beachballs, the price she is willing to pay for the stock is closest to:

Answers

Answer: $36.50

Explanation:

The price she will be willing to be paid according to the Dividend Discount model is calculated by finding the present value of the future dividends and the terminal value.

Dividend year 1 = 1 * (1 + 20%) = $1.20

Dividend year 2 = 1.20 * (1 + 20%) = $1.44

Dividend year 3 = 1.44 * (1 + 15%) = $1.656

Terminal value = Dividend in year 4 / (required return - growth rate)

= (1.656 * (1 + 6%)) / ( 10% - 6%)

= $43.884

[tex]Price = \frac{1.2}{(1 + 0.10)} + \frac{1.44}{(1 + 0.10)^{2} } + \frac{1.656}{(1 + 0.10)^{3} } + \frac{43.884}{(1 + 0.10)^{3} }\\\\= 36.4959\\\\= 36.50[/tex]

= $36.50

Calculate the ROA from the following chart. Show all formulas and work.

(dollar figures in millions)
Total Deposits 10,219,681
Net Income 106,354
Equity Capital 1,497,533
Total Loans 7,161,815
Total Assets 13,544,967

Answers

Answer:

0.79%

Explanation:

ROA  is the return on assets. The formula for calculating ROA is as below.

ROA = Net Income / Total Assets or Net income / average total assets.

Net income = Net Income 106,354

Net Assets = Total Assets 13,544,967

ROA =  106,354/13,544,967

ROA =  0.00785192

ROA = 0.79%  

The €/$ spot exchange rate is €1.50/$ and the 120 day forward exchange rate is €1.45/$. The forward premium (discount) is Group of answer choices the dollar is trading at an 8% premium to the euro for delivery in 120 days. the dollar is trading at a 5% premium to the Swiss franc for delivery in 120 days. the dollar is trading at a 10% discount to the euro for delivery in 120 days. the dollar is trading at a 5% discount to the euro for delivery in 120 days.

Answers

Answer:

The forward premium (discount) is:

the dollar is trading at a 10% discount to the euro for delivery in 120 days.

Explanation:

a) Data and Calculations:

Spot exchange rate = €1.50/$

120 day forward exchange rate = €1.45/$

When the forward rate is less than the spot rate, the means that the currency is trading at a discount in the forward market.

The formula for calculating the forward premium or discount is:

= (Forward Rate Minus Spot Rate)/Forward Rate * 360/120

= (€1.45 - €1.50)/€1.45 * 360/120

= €-0.05/€1.45 * 3

= €-0.03448 * 3 = -10.3%

b) The forward premium occurs when the forward exchange rate is higher than the spot exchange rate. The forward discount occurs when the forward exchange rate is lower than the spot exchange rate.  Forward premium or discount is normally expressed as the annualized percentage of the difference, using 360 days.

If XYZ invested $5,800 today in an account that is expected to earn 3.2 percent per year, and she expects to make another investment in the same account in 3 years from today, then how much money does XYZ expect to invest in 3 years if she expects to have $15,000 in her account in 4 years from today

Answers

Answer:

The answer is "$8,160.08".

Explanation:

[tex]A= \text{future value} = \$ 15,000 \\\\P= \text{present value}= \$ 5,800 \\\\r=\tex{rate} =3.2 \%\\\\n= \text{time in years} = 4[/tex]

Using formula:

[tex]A=P(1+ \frac{r}{100})^n + \text{Investment in 3 years} \times (1.032)\\\\15,000=5,800 (1+ \frac{3.2}{100})^4 + \text{Investment in 3 years} \times (1.032)\\\\15,000=5,800 (1+ 0.032)^4 + \text{Investment in 3 years} \times (1.032)\\\\15,000=5,800 (1.032)^4 + \text{Investment in 3 years} \times (1.032)\\\\[/tex]

[tex]15,000 = 5,800 \times 1.13427612 +\text{Investment in 3 years} \times (1.032)\\\\15,000=6,578.8015 + \text{Investment in 3 years} \times (1.032)\\\\\text{Investment in 3 years} = \frac{(15000-6578.8015)}{1.032}\\\\\text{Investment in 3 years} = \frac{8,421.1985}{1.032}\\\\\text{Investment in 3 years} = 8,160.07607\\\\ \text{Investment in 3 years} = 8,160. 08[/tex]

Diaz Company owns a machine that cost $126,500 and has accumulated depreciation of $91,600. Prepare the entry to record the disposal of the machine on January 1 in each seperate situation. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return. Diaz sold the machine for $15,500 cash. Diaz sold the machine for $34,900 cash. Diaz sold the machine for $40,400 cash.

Answers

Answer:

S/n      Account Titles and Explanation                    Debit      Credit

1.         Accumulated Dep - Machine Equipment    $91,600  

           Loss on Disposal                                          $34,900

                        Machine Equipment                                          $126,500

           (To record disposal)

2.         Cash                                                             $17,500  

           Accumulated Dep - Machine Equipment   $91,600  

           Loss on sale/disposal                                  $17,400

                    Machine Equipment                                               $126,500

            (To record sale)  

3          Cash                                                            $34,900

           Accumulated Dep - Machine Equipment  $91,600

                     Machine Equipment                                              $126,500

           (To record sale)

4         Cash                                                              $40,400

          Accumulated Dep - Machine Equipment   $91,600

                     Gain on sale/disposal                                           $5,500

                     Machine Equipment                                              $126,500

          (To record sale)

Sunland Company took a physical inventory on December 31 and determined that goods costing $190,500 were on hand. Not included in the physical count were $29,000 of goods purchased from Bramble Corp., FOB, shipping point, and $22,000 of goods sold to Vaughn Manufacturing for $32,000, FOB destination. Both the Bramble purchase and the Vaughn sale were in transit at year-end.
What amount should Sunland report as its December 31 inventory?

Answers

Answer:

$241,500

Explanation:

Calculation for What amount should Sunland report as its December 31 inventory

December 31 inventory per physical count $190,500

Add Goods-in-transit purchased FOB shipping point $29,000

Add Goods-in-transit sold FOB destination $22,000

December 31 Inventory $241,500

($190,500 + $29,000 + $22,000 = $241,500)

Therefore What amount should Sunland report as its December 31 inventory is $241,500

does anyone know the accounting cycle???​

Answers

no, but i need some points im quite sorry

he balance sheet of Indian River Electronics Corporation as of December 31, 2020, included 13% bonds having a face amount of $92.0 million. The bonds had been issued in 2013 and had a remaining discount of $5.0 million at December 31, 2020. On January 1, 2021, Indian River Electronics called the bonds before their scheduled maturity at the call price of 103. Required:Prepare the journal entry by Indian River Electronics to record the redemption of the bonds at January 1, 2021.

Answers

Answer:

Dr Bonds Payable 92,000,000

Dr Loss on early existing 7,760,000

Cr Discount on Bonds Payable 5,000,000

Cr Cash 94,760,000

Explanation:

Preparation of the journal entry by Indian River Electronics to record the redemption of the bonds at January 1, 2021

Based on the information given the journal entry by Indian River Electronics to record the redemption of the bonds at January 1, 2021 will be :

Dr Bonds Payable 92,000,000

Dr Loss on early existing 7,760,000

Cr Discount on Bonds Payable 5,000,000

Cr Cash 94,760,000

(103%*92m)

Calculation for Loss on early existing

Loss on early existing=[(94,760,000 + 5,000,000)- 92,000,000]

Loss on early existing= 99,760,000- 92,000,000

Loss on early existing=7,760,000

Your boss approaches you in mid-December and requests that you pay certain employees their gross pay amount as if there were no deductions as their year-end bonuses. None of the employees have reached the Social Security wage base for the year. Required: What is the gross-up amount for each of the following employees

Answers

Answer:

The gross up amount for each employee is $4,500.

Explanation:

Social security wage base is a amount of tax on the salary which is used as a social security at the old age. The amount is determined based on a person's salary. The employees will have no deduction from their salary as they do are not eligible for social security wage base. The year end bonus will be the gross which is paid to the employees.

A company purchased a new delivery van at a cost of $46,000 on July 1. The delivery van is estimated to have a useful life of 4 years and a salvage value of $3,400. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the van during the first year ended December 31?

Answers

Answer:

The amount of depreciation expense that will be recorded for the van during the first year ended December 31 is $5,325.

Explanation:

Since the company uses the straight-line method of depreciation, the annual depreciation expenses can first be calculated using the following formula:

Annual depreciation expense = (Cost of the asset - Salvage value) / Useful life ............ (1)

Where;

Cost of the asset = $46,000

Salvage value = $3,400

Useful life = 4

Substituting the values into equation  (1), we have:

Annual depreciation expense = ($46,000 - $3,400) / 4

Annual depreciation expense = $10,650

Since July 1 to December 31 is just half of the year, the amount of depreciation expense that will be recorded for the van during the first year ended December 31 is the halve of the annual depreciation expense that can be calculated as follows:

Depreciation expense to be recorded = Annual depreciation expense / 2 = $10,650 / 2 = $5,325

What are three sources that offer specialized information on records management?

Answers

Answer:

Organize a records management element in institutional information resource ... Render for sufficient data collection and information path and retrieval; ... and to demand justification for the acquisition of highly specific filing arrangements.

Explanation:

The dictionary incorporates the most significant archival sessions with specific meanings. ... or buying, historical matters from references outside the archival organization. ... DOCUMENT: Recorded information despite pattern or mechanism with three basic ... To build retention periods for prevailing records and provide for their proper ...

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