Business, 22.07.2020 21:01 raquelle66
On June 1, 2021, Duncan Inc. purchased equipment for $74,000. The equipment
had an estimated life of 10 years, an estimated residual value of $8,000,
and was expected to be used to produce 120,000 units over its life. During
2021, the equipment was used to produce 11,000 units and during 2022 it was
used to produce 19,000 units.
Assume the company employs the units of production method of depreciation.
Calculate the amount of accumulated depreciation on the equipment shown in
the company's December 31, 2022 balance sheet.
Answers: 3
Business, 21.06.2019 22:30
Abusiness cycle reflects in economic activity, particularly real gdp. the stages of a business cycle
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Business, 22.06.2019 01:40
Suppose general motors demands labor according to the labor demand function 푤푤= 40−0. 5퐸퐸, where 푤푤 is the hourly wage and 퐸퐸 is the number of employees. the united auto workers union has a utility function given by 푈푈=푊푊∗퐸퐸. a.in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b.if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.
Answers: 1
Business, 22.06.2019 14:40
Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.
Answers: 3
Business, 22.06.2019 16:10
Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.
Answers: 2
On June 1, 2021, Duncan Inc. purchased equipment for $74,000. The equipment
had an estimated life o...
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