Kelly Inc. purchased equipment for $420,000, the useful life of the equipment is 10 years and the residual value is $20,000. Kelly Inc. estimates that the equipment will run for 800,000 hours. In year 1, Kelly used the equipment for 20,000 hours. What is the depreciation expense that Kelly Inc. will record using the units of production method for year one?

Answers

Answer 1

Kelly Inc. will record a depreciation expense of $10,000 using the units of production method for Year 1.

First, let's calculate the total depreciation cost over the useful life of the equipment:

Total depreciation cost = Initial cost - Residual valueTotal depreciation cost = $420,000 - $20,000Total depreciation cost = $400,000

Next, let's calculate the depreciation cost per hour:

Depreciation cost per hour = Total depreciation cost / Total estimated hours of useDepreciation cost per hour = $400,000 / 800,000 hoursDepreciation cost per hour = $0.50

Finally, let's calculate the depreciation expense for Year 1 by multiplying the depreciation cost per hour by the number of hours the equipment was used:

Depreciation expense for Year 1 = Depreciation cost per hour * Hours of use in Year 1Depreciation expense for Year 1 = $0.50 * 20,000 hoursDepreciation expense for Year 1 = $10,000

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Related Questions

Brian is calculating his tax deductions. he finds that he can deduct $1,225 as a result of money given to charity, $4,391 from interest paid on his mortgage, and $2,821 from what he paid in state and local taxes. what is brian’s total deduction? a. $8,437 b. $8,383 c. $6,414 d. $5,700 please select the best answer from the choices provided a b c d

Answers

Brian's total deduction annual income is $8,437.

To find your annual income, first, multiply your hourly rate by the number of hours worked per week, then multiply the total by 52. Now that you know your total annual income, divide it by 12 to get your monthly income. This will deduct the entire rent for the rental property. However, you can deduct the mortgage interest and property taxes you paid on the property as part of your rent.

Money given to charity = $1225

state and local tax paid = $2821

interest paid to his mortgage = $4291

therefore total tax deduction is = $1225 + $2821 + 4291

= $8437.

In addition, an annual depreciation deduction for the building can be made over the useful life of the building. Landlords can no longer deduct mortgage interest from rental income to reduce the taxes they pay. He is entitled to a tax deduction based on 20% of the interest portion of the mortgage payment. This rule change could mean paying more taxes than before. Medical dental taxes interest charitable donations accidental and theft losses labor costs, and certain other expenses.

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Match each type of tax with an example of its use.
Capital gains tax=15% charged on profits from selling commodities.
Sales tax= 8% charged on purchases of luxury goods.
Excise tax=20% tax charged on each pack of cigarettes

Those are the answers I just did the test and got it right

Answers

Hey how you doing lollipop you doing hope answer 20%

Answer: That is the correct answer for APΕX                                                Explanation:

Does anyone know what the definition of expanding manufacturing is?

Answers

Definition - To make your business grown larger or faster by diversifying your current product line

Hope this help :)

A coupon bond that pays interest semi-annually has a par value of $1,000, matures in five years, and has a yield to maturity of 10%. The intrinsic value of the bond today will be __________ if the coupon rate is 8%.

Answers

The intrinsic value of the coupon bond today will be lower than its par value if the coupon rate is 8% and the yield to maturity is 10%. This is because the bond's coupon rate is lower than the prevailing yield, which means that the bond's interest payments are less attractive to investors than other bonds with higher yields.

To calculate the intrinsic value of the bond, we can use the present value formula for a coupon bond:

PV = C/(1+r/2)^n + C/(1+r/2)^(n-1) + ... + C/(1+r/2) + F/(1+r/2)^n

Where PV is the present value of the bond, C is the semi-annual coupon payment, r is the yield to maturity (10%), n is the number of semi-annual periods (10), and F is the par value of the bond ($1,000).

If the coupon rate is 8%, then C = 0.08*1000/2 = $40. Plugging in these values into the present value formula, we get:

PV = 40/(1+0.1/2)^1 + 40/(1+0.1/2)^2 + ... + 40/(1+0.1/2)^10 + 1000/(1+0.1/2)^10
PV = $853.36

Therefore, the intrinsic value of the bond today will be $853.36, which is lower than its par value of $1,000.

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It is always possible to identify all the causes of a problem completely. please select the best answer from the choices provided t f

Answers

It false that the causes of a problem can always possible to identify completely.

What is problem solving?

This is when a means is device towards solving a difficult task. When a problem has been identified, the next step is to look for ways of solving such problems.

Hence, It false that the causes of a problem can always possible to identify completely.

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the marginal cost of techno incorporated's software is $11.30. it currently charges $43.70 and is not threatened by firms entering the market. techno incorporated has:

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Given that the marginal cost of Techno Incorporated's software is $11.30 and it charges $43.70, the company is making a profit of $32.40 per unit.

Since there is no threat of new firms entering the market, Techno Incorporated can continue to charge the current price and maintain its profit margins. However, it should keep an eye on any changes in the market, such as advancements in technology or new competitors, that could affect its pricing strategy. The company may also consider investing in research and development to improve its software and increase its value proposition to customers. Ultimately, Techno Incorporated's pricing strategy should be based on balancing its profit margins with customer demand and market competition to ensure long-term success.

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One of the first things to do to prepare for a job interview is to _____. A. Ask for a formal offer letter b. Plan how to spend your first paycheck c. Research the company d. Send a follow-up letter Please select the best answer from the choices provided A B C D.

Answers

Answer:

c reasearch the company

Explanation:

Answer:

C is correct

Explanation:

i took the test

How does asset utilization ratios impact financial decision making?

Answers

Answer:

Answer to the following question is as follows;

Explanation:

The asset utilisation ratio determines how much income a firm earns for every dollar of assets it possesses. An increase in asset utilisation indicates that the firm is getting more value out of each dollar of its assets. This metric is commonly used to compare the effectiveness of a company over tenure.

Trade surpluses and trade deficits can be __________________ for an economy in certain circumstances.

Answers

Depending on the situation, trade deficits and surpluses can either help or hurt an economy.

What is the economy?An economy is a region where products and services are produced, distributed, traded, and consumed. It is generally understood to be a social domain that places an emphasis on the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources. One's culture, values, education, technological advancement, history, social organization, political structure, legal system, and natural resources are all major determinants of an economy's processes.What makes the economy so crucial?Our daily lives are influenced by economic challenges. Concerns like tax and inflation, wealth and interest rates, inequality and developing markets, and energy and the environment are included in this.

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Which of the following approaches to job design has its roots in organizational psychology and management literature?
A.
Motivational approach
B.
Mechanistic approach
C.
Biological approach
D.
Perceptual-motor approach
E.
Cognitive task analysis approach

Answers

The Motivational Approach to job design has its roots in organizational psychology and management literature.

Here is correct answer A

This approach to job design focuses on enhancing employee motivation and engagement by tailoring jobs to best suit their needs and interests. The main idea behind the Motivational Approach is to ensure that the job has intrinsic rewards that motivate employees to perform their best. This might include offering autonomy or control over the job, providing meaningful tasks and challenges, or allowing for creativity and innovation.

Research has shown that when employees feel their job is meaningful and challenging, they are more likely to be engaged and motivated to perform their tasks. Additionally, the Motivational Approach takes into account the different needs and interests of employees, as well as how they perceive their roles and responsibilities.

By understanding these factors, employers can design jobs that are more satisfying and motivating to employees. In conclusion, the Motivational Approach is an effective tool for job design that focuses on enhancing employee motivation and engagement.

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As ruth ann is researching careers, she decides she enjoys living in her hometown and doesn’t want to relocate. which factor might have a strong impact on her career decisions?a. the career’s location b. the career’s average salary c. the career’s outlook d. the career’s employee benefits

Answers

As Ruth Ann is researching careers, her decision to stay in her hometown and not relocate can have a strong impact on her career decisions. One of the most important factors that could impact her decision is the career's location. Option A is correct.

Certain careers might require employees to relocate or travel frequently, which could be a significant obstacle for someone who wants to stay in their hometown. For instance, if Ruth Ann wants to work as an airline pilot, she may have to relocate to a hub city or travel frequently to different destinations. This could be a deal-breaker for her if she is committed to staying in her hometown.
Other factors that could impact Ruth Ann's career decisions include the career's average salary, outlook, and employee benefits. While these factors are important, they may not be as critical as the career's location for someone who is committed to staying in their hometown. However, it's worth noting that certain careers may offer better salaries, job security, or benefits than others, so it's essential to consider all of these factors when making a career decision.
Overall, Ruth Ann's decision to stay in her hometown will significantly impact her career decisions. It's essential to consider all of the factors that could affect her career choices, including the career's location, salary, outlook, and benefits. By carefully weighing these factors and doing her research, Ruth Ann can make an informed decision that aligns with her career goals and personal values. Therefore option A is correct.

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5. A number with the addition of itself becomes 38. What
is the number?

Answers

Answer:

19+19=38

...........................

To find the answer to this, just divide the given variable (38) by 2. Which is 19

A computer technician charges a flat fee of $35 to repair a computer in addition to an hourly rate of $22. 50. The technician has calculated he will earn at least $215 from his next repair job. Which inequality can be used to determine the number of hours, h, that the technician will work on his next job?.

Answers

inequality can be used to determine the number of hours,

Calculate the hourly rate by dividing the number of hours worked (22.5h) by the flat charge (22.5h + 35), and the result must be equal to or higher than the amount he anticipates earning 22.5h + 35 ≥ 215 , with a solution of h ≥ 8

In mathematics, inequalities specify the connection between two non-equal numbers. Equal does not imply inequality. Typically, we use the "not equal sign ()" to indicate that two values are not equal. But several inequalities are utilized to compare the numbers, whether it is less than or higher than.Inequality examples: what are they?

The equation-like form of the formula 5x 4 > 2x + 3 has an arrowhead in place of the equals sign. It is an illustration of inequity. This shows that the left half, 5x 4, is bigger than the right part, 2x + 3.

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When people are in debt, it means there is no income

True or false?

Answers

They are in debt meaning they owe money. That does not mean there is no income coming in.

The Federal Open Market Committee (FOMC) is made up of Multiple Choice the seven members of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Bank presidents on a rotating basis. the seven members of the Board of Governors along with the president of the New York Federal Reserve Bank. the seven members of the Board of Governors of the Federal Reserve System along with the three members of the Council of Economic Advisers. the chair of the Board of Governors along with the 12 presidents of the Federal Reserve Banks.

Answers

Answer:

the seven members of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Bank presidents on a rotating basis.

Explanation:

The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.

Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.

Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;

I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.

II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."

III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.

The Federal Open Market Committee (FOMC) is comprised of the seven (7) members of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Bank presidents on a one-year term rotating basis. The FOMC are typically responsible for making monetary policy and the determination of the direction of the monetary policy in the United States of America.

which wheel settings change when you mount the subframe incorrectly in the transverse direction? Check all that apply
TOE
CAMBER
STEERING AXIS INCLINATION (SAI)
CASTER

Answers

The wheel settings that change when you mount the subframe incorrectly in the transverse direction is "CASTER" (Option D)

What is Caster?

Caster is the process of aligning a wheel with the direction of travel, which can be performed by caster displacement or caster angle. As with the front wheels of a shopping cart, caster displacement shifts the steering axis forward of the axis of wheel rotation. The steering axis is moved away from the vertical by the caster angle.

The caster angle, also known as the castor angle, is the angular displacement of the steering axis from the vertical axis of a steered wheel of a car, motorbike, bicycle, another vehicle, or watercraft as seen from the side.

Positive caster enhances the responsiveness of your vehicle while negotiating bends and the stability of your car when going at greater speeds. The sole disadvantage of a positive caster is that it increases the amount of effort required to steer your car.

Turning plates and a digital or bubble camber/caster gauge are the two most common methods for measuring caster angles. Measuring the upper and lower wishbone mounting points or the MacPherson strut angle.

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File cabinets are conventional storage cabinets that are deeper than they are wide and have files arranged from front to back.

Answers

Answer:

Vertical

Explanation:

THIS IS THE COMPLETE QUESTION BELOW

_______ file cabinets are conventional storage cabinets that are deeper than they are wide and have files arranged from front to back.

A filing cabinet can be regarded as piece of office furniture that is utilized in storage of paper documents in set file folders. It could be vertical files or lateral files. A vertical file posses drawers which extends from short sides of cabinet. It should be noted that vertical file cabinets are conventional storage cabinets that are deeper than they are wide and have files arranged from front to back.

work groups are most effective when they are made up of people with similar backgrounds
T/F

Answers

The statement is False. Work groups are most effective when they are made up of people with diverse backgrounds. Although having a group of individuals with similar backgrounds may lead to a cohesive and harmonious team, it can limit the creativity, innovation, and problem-solving capabilities of the group.

A diverse team, with people from different backgrounds, brings a variety of perspectives, experiences, and skills to the table. This can result in better decision-making, increased innovation, and improved overall performance. Furthermore, diverse teams are more likely to challenge existing assumptions and engage in constructive debate, which can lead to more effective outcomes. In summary, although it may seem more comfortable to work with people with similar backgrounds, a diverse work group is ultimately more effective for achieving success.

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What technology promotes anytime, anywhere learning?

Answers

Technology has revolutionized the way we learn and has enabled us to have access to information anytime, anywhere.

The technology that promotes anytime, anywhere learning is e-learning, which involves the use of electronic devices such as computers, tablets, and smartphones to access educational materials and resources. With e-learning, learners can access educational materials from any location, as long as they have an internet connection. This means that learners can study at their own pace and convenience, without the need to be in a specific location or classroom.

One of the most significant advantages of e-learning is that it promotes self-paced learning. Learners can choose the topics they want to learn, the pace they want to learn at, and the format they prefer, such as video tutorials or interactive quizzes. This flexibility allows learners to customize their learning experience to their needs, interests, and preferences, leading to better engagement and retention of the material.

Another technology that promotes anytime, anywhere learning is cloud computing. Cloud-based platforms provide access to educational materials and resources that can be accessed from anywhere, and learners can collaborate with their peers and instructors in real-time. This technology allows learners to work on projects and assignments remotely, making it ideal for online courses and remote learning environments.

In conclusion, technology has made it possible for learners to access educational resources and materials anytime, anywhere, through e-learning and cloud computing. These technologies have made learning more accessible, flexible, and personalized, allowing learners to take control of their learning experience and achieve their educational goals.

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Alright y'all, I made a cover for my powerpoint, for a school project, and it took me an embarrassingly long time to make. Please give me some feedback on it. What do you like and what don't you?(There's no wrong answer, but please give a relevant one because I really want to know what y'all think.)​

Answers

Answer:

I saw the pic. I think it looks great :)

Explanation:

Also it doesn't matter how long it took, I bet it feels good knowing you made that yourself.

2. What do you think Alana's goals should be?








Answers

I think Alana's goal should be to create a budget that will make her save enough money to pay for all expenses.

What's plutocrat? Plutocrat is any item or empirical record that's generally accepted as payment for goods and services and prepayment of debts, similar as levies, in a particular country or socio- profitable environment.The primary functions which distinguish plutocrat are as a medium of exchange, a unit of account, a store of value and occasionally, a standard of remitted payment. What's significance of plutocrat? Plutocrat can not buy happiness, but it can buy security and safety for you and your loved bones. Mortal beings need plutocrat to pay for all the effects that make your life possible, similar as sanctum, food, healthcare bills, and a good education

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100 points please help. let’s say eur/usd is trading at=1.1872. So if I have a forex account worth 100$ and I use a leverage of 1:100 I have 10000$ of buying power so if buy a mini lot of eur/usd. Do I only need to pay 10k or the quote price which would be 11872$ that I need to pay?

Answers

Answer:

With 100:1 leverage a trader can open a position 100 times greater than they could without leverage. For example, if the cost to purchase . 01 lots of EUR/USD is normally $1000 and the broker offers 100:1 leverage, then the trader must put up only $10 as margin.

Explanation:

QUESTION 21
Bank panics have largely disappeared in the United States because
a. of low interest rates.
b. banks are now required to hold at least 75% of deposits as reserves.
c. Bank loans are more closely monitored by the Federal Reserve.
d. of deposit insurance.
QUESTION 22
Banks create money by
a. printing money up to their required reserve limit
b. printing dollar bills without limit
c. creating deposits without limit
d. making loans and creating deposits, a process that is limited by the size of banks' excess reserves.
QUESTION 23
if the required reserve ratio is 7 percent and a bank has $10,000 of deposits, then its reserves are
a. $930
b. $7,000.
c. $7
d. $700
QUESTION 24
If the bank of Waterloo receives a $10,000 deposit and the reserve requiremant is 10 percent, how much can the bank loan out before the deposit this bank is just meeting its legal reserve requirement.
a. $1,000
b. $9,000
c. $10,000
d. $11,000

Answers

1. Bank panics have largely disappeared in the U.S. because of deposit insurance. The Option D is correct.

What is the importance of deposit insurance?

In U.S. banking system, the role of the deposit insurance is to stabilize the financial system in the event of any bank failures by assuring the depositors they will have immediate access to their insured funds even if their bank fails.

2. Banks create money by making loans and creating deposits, which a process that is limited by the size of banks' excess reserves. The Option D is correct.

When do bank create money?

Most banks create money during normal operations of accepting deposits and making loans. For example" M1" means the currency in our pockets and balances in our checking accounts; when a bank makes a loans, it creates money.

3. If the required reserve ratio (RRR) is 7 percent and a bank has $10,000 of deposits, then its reserves are $700. The Option D is correct.

4. If the bank of Waterloo receives a $10,000 deposit and the reserve requirement is 10 percent, The amount that the bank can loan out before the deposit as its just meeting its legal reserve requirement is $9,000. The Option B is correct.

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Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,500 of direct materials and used $3,000 of direct labor. The job was not finished by the end of September, but needed an additional $2,000 of direct materials and additional direct labor of $4,500 to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B

Answers

The balance in the Work in Progress account at the end of September relative to job A3B  is $10500.

During September month material amounting to $1500 and direct labor amounting to $3000 was introduced in the process and Overheads at the end of each month is 200% of direct labor.

Cost incurred = 200% of $3000

                       = $6000.

As specified by the question that the job is not finished at month end and additional material and labor amounting to $2000 and $4500 respectively is required in October month . So the whole cost incurred in September month that is $1500+$3000+$6000=$10500.

$10500  is transferred to Work in progress account . When Job gets finished that is in month of October the whole cost amounting to 10500+2000+4500+(4500*200%) =$ 26000 transferred to Finished Goods Account.

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At what age can you start working?

Answers

Answer:

Explanation:

depends on where you live

Explanation:

It really depends on the jobs and requirements but you can USUALLY do small work like walking a dog or babysitting at 13-14

Shondra’s family’s monthly net income is $6,654. The family’s budget is shown in the circle graph below. The family decides to increase the savings budget by 3 percent by decreasing one of the variable expenses by 3 percent. A circle graph titled Family Budget. Housing is 30 percent, Food is 27 percent, Savings is 10 percent, Transportation is 12 percent, medical is 7 percent, clothing is 10 percent, emergency fund is 4 percent. If the family decreases the clothing budget by 3 percent, what amount will it have to spend on clothing? Round to the nearest dollar. $266 $466 $645 $665

Answers

Answer:

B. 466

Explanation:

All you need to do is take the net income and multiply it with the percentage of the clothing budget. Since the budget for clothing is brought down from 10% to 7% the equation becomes:

\(6654(0.07)=465.78\)

Answer:

I believe that the answer is B

Explanation:

Identify whether the income below would be considered earned income, passive income, or portfolio income. Mychal’s parents bought a house, fixed it up, and sold it at a higher price.

Answers

Answer: Portfolio income is money received from investments, dividends, interest, and capital gains. It is one of three categories of income.

Explanation:

Fiona, the manager of a retail store, wants to know whether she is maximizing her return on space investment. She will have to calculate the _____ for the area of the store. A. sales per employee B. sales per square foot C. QR correlation coefficient D. return on investment E. cost-benefit ratio

Answers

Sales per square foot is the correct answer for the blank.For the retail store owners, sales per square foot is one of the most critical financial measures. The correct option is A)

It is a straightforward metric that represents the store's revenue divided by the retail space's square footage. It is calculated by dividing the net sales by the total square footage of the retail area.A business that makes more significant sales per square foot is more efficient at generating profits from its retail space. That being said, it is a very efficient way to measure retail stores' efficiency since it takes into account every square foot of the store. Additionally, it is used to evaluate the success of new products, brands, or store redesigns, as well as whether a store should be closed or opened somewhere else.The sales per square foot metric helps owners and managers make better-informed decisions about their retail stores, assisting them in maximizing profits while also giving a better experience to the shoppers inside the store. Hence, Fiona, the manager of a retail store, will have to calculate the sales per square foot for the area of the store to check whether she is maximizing her return on space investment.

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What aspect of starting a company does sales NOT play a role in?
Building a team
Pitching investors
O Press and publicity
Selling your product
O None of the above; sales plays a role in all areas

What aspect of starting a company does sales NOT play a role in?Building a teamPitching investorsO Press

Answers

Answer:

A-building a team?

Explanation:

just a guess, because the rest besides none of the above makes sense, A and E are the ones making me feel like one of the other is the right answer

Option A. Building a team.

What role does sales play in your company?

Sales play an important role in building loyalty and trust between customers and the company. Trust and loyalty are the main reasons customers recommend your business to friends and family and write great reviews of your products and services online.

Sales increase business value. It's no secret that a business can't grow without sales. In fact, if a company's total sales do not generate more revenue than the cost of its expenses, then the company is more likely to fail.

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on january 8, the end of the first weekly pay period regis company

Answers

Answer:

mhmm

Explanation:

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