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2 years ago

On January 1, 2019, Oriole Company purchased the following two machines for use in its production process.

Business

1 answer:

ivolga24 [154]2 years ago

6 0

Answer and Explanation:

The journal entries are shown below:

1 Equipment $53,420

To Cash $53,420

(Being the equipment is purchased for cash is recorded)

The computation is given below:

= Cash price of machine + sales tax + shipping cost + insurance during shipping + installation and testing cost

= $49,500 + $3,650 + $100 + $60 + $110

= $53,420

2. Depreciation expense $9,614

To Accumulated Depreciation - Equipment $9,614

(Being the depreciation expense is recorded)

The computation is shown below:

= ($53,420 - $5,350) ÷ ( 5 years)

= $9,614

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The thing which the Supreme Court ruled in <em>Burwell v. Hobby Lobby </em>with regard to the Affordable Care Act's requirement was:

Birth control could be denied

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1 year ago

Wilcox Company has budgeted sales volume of 60,000 units and budgeted production of 54,000 units, while 10,000 units are in begi

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Answer:

4,000 units

Explanation:

Given that

Sales volume = 60,000 units

Budgeted production = 54,000 units

Beginning finished goods = 10,000 units

The computation of units for ending finished goods inventory is computed below:-

Budgeted production = Ending finished goods + Sales volume - Beginning finished goods

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54,000 = Ending finished goods + 50,000

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2 years ago

If you perceive that the costs and rewards are balanced between you and your partner, you are more likely to be satisfied with y

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The question is
True

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3 years ago

_____ gives the property owner an allowance for the decline in the physical condition of real estate over time.

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Depreciation gives the property owner an allowance for the decline in the physical condition of real estate over time., the actual decline in an asset's fair value, such as the annual decline in value of factory equipment due to use and wear, and second, the allocation in accounting statements of the asset's original cost to periods during which the asset is used.

Depreciation in accounting refers to two different aspects of the same idea: first Depreciation is the process of reallocating, or "writing down," the cost of a tangible item (such as equipment) over the course of that asset's useful life.

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11 months ago

In considering NBAC’s analytic approach, an otherwise competent person who is acutely ill might be considered at especially high

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Answer:

c. Situational cognitive vulnerability.

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It is the situation that does not allow to exercise the capabilities effectively .

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The correct term according to the statement of the question is - c. Situational cognitive vulnerability.

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2 years ago