On its december 31, 2017, balance sheet, calgary industries reports equipment of $370,000 and accumulated depreciation of $74,000. during 2018, the company plans to purchase additional equipment costing $80,000 and expects depreciation expense of $30,000. additionally, it plans to dispose of equipment that originally cost $42,000 and had accumulated depreciation of $5,600. the balances for equipment and accumulated depreciation, respectively, on the december 31, 2018 budgeted balance sheet are:

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Answer 1
Answer:

Equipment as on 1st Jan,2018 370000

Add: Equipment Purchased 80000

Less: Equipment Sold (42000)

Equipment Balance as on 31st Dec,2018 $408000

Accumulated Depreciation as on 1st Jan 74000

Add: Depreciation for the year 30000

Less: Depreciation of asset sold (5600)

Accumulated Depreciation as on 31st Dec,18 98400


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Ashley, a manager at a toy manufacturing company, needs to create a financial document for the company that would show how the company's operating, investing, and financing activities are expected to affect the asset, liability, and owners' equity accounts. To prepare this document, Ashley needs to collect data from:

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Answer:

The answer is: Ashley needs to collect information from the budgeted income statement, cash budget and capital expenditure budget.

Explanation:

The budgeted income statement is the forecast of next year's income statement.

The cash budget includes all the company's expected cash inflows and outflows estimating cash receipts and cash payments.

The capital expenditure budget includes all the money the company expects to invest in purchasing new long term assets or improving and maintaining existing long term assets.

Which of the following is an example of a functional team? a. A plastic surgeon, a dentist, a nurse, and a health insurance specialist consulting for a burn victim b. A teacher, a principal, four parents, three students and a school board member building a school schedule c. Four architects working to complete plans for a new corporate office building in downtown New York d. An accountant, a lawyer, and a paralegal giving advice to a corporate manager with legal problems

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Example of a functional team is c. Four architects working to complete plans for a new corporate office building in downtown New York

What are Functional teams?

Functional teams serves as those temas that has an organizational members which work together o achieve a goal.

Therefore, functional team involves several vertical levels of the organizational hierarchy .

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Answer:

C

Explanation:

Four architects working to complete plans for a new corporate office building in downtown New York.

It is a specific functional team with a target for a corporate office in NY.

Select the items that describe what happens at the equilibrium price. Producers supply the exact goods that consumers buy. Consumers have enough goods, at the given price. There are many shortages and surpluses. Producers use their resources efficiently. The whole economy wastes its resources.

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The correct statements are:

  • Producers supply the exact goods that consumers buy.
  • Consumers have enough goods, at the given price.
  • Producers used their resources efficiently.

What is the equilibrium price?

A market-clearing price often referred to as an equilibrium price, is the consumer cost associated with a good or service when supply and demand are equal or nearly equal. The manufacturer or seller is free to transfer as many units as they like, and the consumer is free to access as many units as they like.

Equilibrium prices often don't change much over time, but changes in supply and demand will always have an impact on pricing. Increases in the price of raw materials, for instance, can prevent a company from producing the same product without raising the cost or reducing the profit margin. The producer may end up producing fewer units and charging a higher price as a result.

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The items that describes what happens at the equilibrium price are:


Producers supply the exact goods that consumers buy.

Consumers have enough goods, at the given price.

Producers used their resources efficiently.

Equilibrium pricing is when the items demanded match the items supplied. When this happens, the demand and good available equal each other, hence, equilibrium. The pricing is exactly where it should be for consumers to want and purchase the good or service.

What is the term for the average time it takes your customers to pay you

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it depends on how they are paying you with credit cards or money do they have the money at hand or do they have to fish around for it 

Form 1040EZ is used by individuals who do not claim a lot of deductions. a. True
b. False

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Answer:

True

Explanation:

Form 1040EZ is a short version of the 1040 form to file the income tax return. This form is used by people with a simple tax situation that have an income of less than $100,000 and have no dependents. Also, this form only have a few deductions available and because of this it is true that it is used by individuals who do not claim a lot of deductions.

True. Form 1040EZ is called the short form.

Which tax is an indirect tax?A.)corporate income tax
B.)federal income tax
C.)property tax
D.)sales tax

Answers

Indirect tax is D. Sales tax.
Sales tax is the taxes that is charge or added to the items sold in the markets like hygiene, medicines, water, juices and drink and more.
It is added to the SRP of the item.

Answer:

sales tax

Explanation: