Question One The cost of plant in use with Hand Sanitizer Ltd (Hand Sanitizer), a manufacturing firm on 1st April 2018 was GH₵375,000 against which the accumulated depreciation stood at GH₵157,500 on that date. The firm provided depreciation at 30% of the diminishing value. On 31st December 2018 two plants costing GH₵22,500 and GH₵18,000 respectively, both purchased on 1st October 2015, had to be discarded because of damages and had to be replaced by two new plants costing GH₵30,000 and GH₵22,500 respectively. One of the discarded plants was sold for GH₵12,000, against the other it was expected that GH₵4,500 would be realisable. Required: Show the relevant accounts in the ledger of Hand Sanitizer for the year ended 31st March 2019. (7 mark

Answers

Answer 1

Answer:

Hand Sanitizer Ltd

Relevant Ledger Accounts for the year ended 31st March 2019:

a) Plant Account

Date                Description                            Debit          Credit

                                                                       GH₵           GH₵

April 1, 2018    Balance b/d                           375,000

Dec 31, 2018   Plants Disposal Account                          40,500

Dec 31, 2018   Cash for New Plants             52,500

Dec 31, 2018   Balance c/d                                             387,000

                        Total                                     427,500    427,500

b) Accumulated Depreciation - Plant

Date                Description                            Debit          Credit

                                                                        GH₵            GH₵

April 1, 2018      Balance b/d                                               157,500.00

Dec. 31, 2018    Plants Disposal Account     27,427.10

March 31, 2019 Depreciation Expense                              65,265.63

March 31, 2019 Balance c/d                       195,338.53

                        Total                                   222,765.63   222,765.63

c) Plants Disposal Account

Date                Description                            Debit          Credit

                                                                       GH₵           GH₵

Dec. 31, 2018  Plant Account                        40,500

Dec. 31, 2018  Accumulated Depreciation                    27,427.10

Dec. 31, 2018  Cash                                                        12,000.00

Dec. 31, 2018  Loss on Disposal                                       1,072.90

Total                                                              40,500      40,500

d) Depreciation Expense Account - Plant

Date                Description                            Debit            Credit

                                                                        GH₵              GH₵

March 31, 2019 Accumulated Depreciation  65,265.63

Explanation:

a) Depreciation method is 30% on the diminishing value or the reducing balance.  This is one of the methods of asset depreciation.  Others are the straight-line method, the accelerated method, and production units method.  The diminishing value method calculates depreciation based on the difference between the cost and accumulated depreciation, including disposals.  The straight-line method applies the same amount over the useful life of the asset.  The accelerated methods ensure that depreciation in the earlier years is greater than in the later years to balance the increasing maintenance costs associated with the asset as the years go by.  A variant of the accelerated method is the production units method, which depreciates the asset according to the units of production each year.

b) Accumulated Depreciation on two plants on the reducing balance:

October, 2015 - March 2016 6 months (30% of 40,500 x 6/12)     6,075.00

April 1, 2016 to March 2017  12 months (30% of 34,425) =            10,327.50

April 1, 2017 to March 2018  12 months (30% of 24,097.5) =          7,229.25

April 1, 2018 to Dec. 2018      9 months (30% of 16,868.25 x 9/12) 3,795.35

Total                                                                                                  27,427.10

c) Depreciation Expense for March 31, 2019:

i) Depreciation on old plant (reduced balance):

Balance on asset                 =  375,000.00

Disposal                               =  -40,500.00

Accumulated Depreciation = -130,072.90

Balance on asset                 =  204,427.10

30% on 204,427.10 = 61,328.13

ii) Depreciation on new plants:

30% of 52,500 x 3/12 = 3,937.50

i + ii = 65,265.63

d) One of the old plants had not yet been sold.  So, nothing was realized from it so far.   The GH₵4,500 that would be realisable from its sale had not yet happened and is not taken into account.


Related Questions

When Cisco Systems told executives they would gain or lose 30 percent of their bonuses based on how well they worked with peers, and in three years had record profits, the company

A. increased productivity.

B. reduced costs.

C. improved workplace cohesiveness. Correct

D. reduced destructive internal competition.

increased speed.

Answers

Answer: C. improved workplace cohesiveness

Explanation:

This action by Cisco improved workplace cohesiveness as it made workplace cohesiveness the basis for financial rewards.

A financial incentive was given that should Cisco Systems Executives work well together they could gain 30% of their benefits or lose 30% if they don't. This meant that even those who do not care much for a higher salary still had to work hard at cohesion or they might lose a portion of their bonuses.

Financial incentives are known to be very effective and they worked here as well.

The total factory overhead for Big Light Company is budgeted for the year at $807,500. Big Light manufactures two different products - night lights and desk lamps. Night lights is budgeted for 60,000 units. Each night light requires 1/2 hour of direct labor. Desk lamps is budgeted for 80,000 units. Each desk lamp requires 2 hours of direct labor. Determine the total number of budgeted direct labor hours for year.

Answers

Answer:

Explanation:

Budgeted direct labor hour is defined as the average time it will take to complete a budgeted production . This is calculated by multiplying the budgeted production by the labor hour per unit of production.

Workings

Total overhead budget = 807,500

Night light budgeted production = 60,000

Desk lamp budgeted production= 80,000

Night lamp production = 1/2 hour / unit

Desk lamp production = 2 hour / unit

Night light budgeted hour = 60000*1/5 = 30,000 hours

Desk lamp budgeted hour  = 80,000 * 2 = 160,000 hours

Total number of budgeted direct labor hours = 190,000 hours

What are 2 positives and 1 negative for Market/Capitalist economies and then 2 positives and 1 negative for Command/Socialist economies.

Answers

Answer:

All of the economy types have their own unique characteristics, with some differing a lot, while some are similar. Most of the resources in a market economy are owned by the private sector, though it is very common that the government owns some of the national resources, while in the capitalistic economy, the ownership is entirely on the private sector. IN a socialist or command economy the resources are mostly or entirely owned by the government, with the private sector being minimal or non-existent. IN the traditional economy, on the other hand, the ownership is usually determined by inheritance, and since this economy type is not very fond of changes, the economic status of the people may remain the same for a very long period of time. hope this helps

Explanation:

please give me brainiest

Viewability is the probability that an ad is going to be seen by a user. If its calculated that an impression will be viewable 20% of the time, will the bidder likely be willing to pay 20% of the base bid? For example, $5 base bid x 20% viewability = $1.00 (the actual value of the impression):

Answers

Answer: YES

Explanation:

Viewability allows bidders or advertisement owners to pay only for ads which can be seen by the users. It could be interpreted to be a metric which identifies the proportion or probability that an ad will be visible to the users and only the percentage proportion of visible ads is charged. Just like in the example above.

With a Viewability rate of 20%,

Base bid of $5,

Therefore, the bidder 20% of the base bid of $5

0.2 × $5 = $1, which is the actual value of the impression.

is Jesus real? i'm so confused even though i am a Christian, i still don't believe that jesus is real

Answers

Answer:

i dont see any proof so nope he aint real

Explanation:

Answer:

Jesus is real

Explanation:

He is the son of the lord, and died for your sins. It's also been scientifically proven that he is real How could he not be real.

Betsy owned a speedboat that was not operating correctly. She hired Gail, a mechanic, to determine what needed to be repaired or replaced on the boat. Gail concluded that the boat needed over $5,000 of work to run safely. Upset by the news, Betsy decided to get a second opinion from Kathy, another mechanic. Kathy advised Betsy that the boat only needed a new fuel pump, which cost considerably less than $5,000. Betsy decides to sell her boat instead of repairing it. When a prospective buyer asks Betsy whether the boat has been inspected by a mechanic, she will:_________.

Answers

Answer:

Betsy should simply tell the truth: that the boat was actually inspected by two mechanics, but not only it was not repaired, but both mechanics had a very different diagnosis about what was wrong with the boat.

She should also warn the buyer that the boat likely needs at least a new fuel pump, and in case the diagnostic of the first mechanic (Gail) is true, the boat then would likely need an expensive repair.

what is mobile money transfer ​

Answers

Answer:

this is a fast and secure money transaction where by a sender sends money from their bank account or debit card to another mobile money account

Answer:

When you take a picture of a check and deposit it electronically.

Explanation:

On your bank app

You have a credit card balance of $53.00 from the previous month. You have $172.45 in new purchases and you made a payment of $50.00. Your APR is 8.75%. According to the Previous Balance method, what amount would you use to calculate the interest for this month?

Answers

Answer:

$50

Explanation:

As per previous balance method the Interest is charged based on the opening balance of the Credit Card.

As $50 was the balance from previous month and opening balance for this month, Hence $50 would be the amount we would use to calculate the interest for this month.

Answer:

The answer is $50.

Explanation:

Question 10 (5 points)

Two prescreening tools for job candidates are the resume and the


employment essay.

advertisement.

application.

letter of recommendation.

Answers

The correct answer is C. Application

Explanation:

When employers pre-screen job candidates they verify basic information about candidates such as background, education, skills, experience, etc. to determine if a candidate is suitable for a job and he/she should be interviewed or continue in the process of selection for the job.

In this context, the two main tools used by employers are the resume and the job application. These two documents provide information about the candidate's education, experience, skill, and similar but in the case of the application the information es concise and very specific, while resumes are more detailed and the candidate can include as much information as she/he wants. Thus, the two prescreening tools for job candidates are the resume and the application.

Answer: Application

Explanation: I just took the test

Hope this helps.

Which job role involves designing user interfaces to carry out difficult tasks?
A.
technical support specialist
B.
network administrator
C.
network engineer
D.
software auditor
E.
software engineer

Answers

Answer:

E.  software engineer

Explanation:

The job role that involves designing user interfaces to carry out difficult tasks would be software engineer.

A software engineer by definition refers to someone that applies engineering and computer science principle to develop workable software solutions for different problems.

User interfaces generally represents a medium through which users and computer interact via the use of input devices and software.

The correct option is E.

explain how operations strategy can help a business sustain its competitive advantage.

please answer this question in an essay.

Answers

Answer:

Operations can help a business sustain their competitive advantage by reducing its cost without considering the way they are reduced.

Explanation:

First of all, to create a business competitive advantage the business has to be more profitable than its competition. In other words, they need to make money in a more effective way than its competitors. This means that they have more margin of profit, instead of selling more. Now, in operations, this works the same. However, the reasons might come from different sources. Whether by having technology more advanced than its competitors. By having more productive processes, or by using materials bought at cheaper prices.

a government ____ tries to slow down business entry inton certain markets

Answers

Answer:

disincentive

Explanation:

To discourage corporate entry into specific markets, the government has implemented disincentives.

What is the meaning of the term “disincentives”?

Something that deters someone from taking a certain action is known as a disincentive. It opposes the word "incentive." Politics, social issues, or economics may all be considered in relation to disincentives.

Any element that discourages a person from choosing a certain course of action is referred to as an economic disincentive. For instance, a potential employee might decide not to pursue that particular career path if the remuneration for a particular work is too low.

Similar to this, a person will choose to look for employment elsewhere if they have a specific medical condition and their employer is unable or unable to make accommodations for it. Social disincentives are things that prevent someone from taking a particular action in their private lives.

Learn more about disincentives from here:

https://brainly.com/question/28212987

#SPJ2

Kana is a single wage earner with no dependents and taxable income of $205,000 in 2018. Her 2017 taxable income was $155,000 and tax liability was $36,382. Calculate Kana's 2018 income tax liability and the minimum required 2018 annual payment necessary to avoid any penalty. Round your answers to two decimal places.What is Kana's 2018 income tax liability

Answers

Answer:

$47439.50

Explanation:

For a single tax payer if your taxable income range is $200,000 - $500,000 then your income tax is $45,689.50 + 35% of amount over $200,000 of taxable income.

Income tax liability = $45689.50+{ 205000-200000)×35%}

$45689.50+(5000×35/100)

$45689.50+(5000×0.35)

$45689.50+1750

= $47439.50

The income tax liability will be $47439.50

1. Describe the JA Finance Park Program and what it aims to teach students. 2. In what capacity do volunteers work with students during the simulation? 3. Explain the purpose of the kiosks during the simulation. 4. Explain why William Anderson went into teaching. 5. Describe the Wealth Effect Game and how it helps students to learn about finances. 6. What is Anderson hoping to do as a next step and why?

Answers

Answer: The answers are given below

Explanation:

1. The JA Finance Park Program is an approach to financial literacy education. JA Finance Park allows the middle and high-school grade students to see, and live the experience of personal finance in the real-life setting of shops, stores, and financial institutions. It gives a realistic view on how to obtain and manage money.

2. The volunteers play a vital role as they guide students when they visit to the facility. Every volunteer helps between ten to twelve students to learn how to balance budget on a limited income.

3. The purpose of kiosk is that it is the research phase where students talk to the mentors about what expenses really mean.

4. William Anderson went into teaching to help students learn how to handle money. Anderson was formerly a banker and he learned that majority of adults lack simple, and basic financial tools which are essential.

5. The wealth effect game simulates the real world to the younger ages in financial terms. Paycheck is based on their academic performance, and there is taxes and deductions on their paychecks, when they raise their grade, and raise their pay.

Answer:

6. To make the game into an app

Explanation:

Shannon has been a member of her school's news paper club for two years and attends writing workshops in her free time.Witch career choice should she explore

Answers

Answer:

Web Content Developer.

Explanation:

Due to the amount of seminar and workshop experience on writing, she could channel her experience to a content development field; which is explained to be the process of creating content for a website from start to finish. You may have also heard of content developers. The term “content developer” is also used to refer to web developers, but in this article, we’re concentrating solely on the development of content not design or programming.

Content development includes:

*Strategy.

*Writing.

*Optimization (SEO).

*Publishing.

*Promotion.

Which of the following jobs is expected to double in the next few years?
nurse
automobile mechanic
real estate salesperson
computer engineer

Answers

Answer:

real estate salesperson

Computer Engineer

I have to write at least 20 characters to post this.

A manager who involves members of the team in decisions is using which management style?
A.
Authoritarian
B.
Hands-off
C.
Participative
D.
Autocratic

Answers

Answer:

c.

Explanation:

Answer:

i think its c) to

Explanation:

List the order number and order date for each order placed by the customer named johnson s department store. (hint: to enter an apostrophe (single quotation mark) within a string of characters, type two single quotation marks.)

Answers

Answer:

Explanation:

To obtain the needed detail of order table and order date for each order place by customer, has to be filtered with "John's Department Store"

select ORDER_NUM, ORDER_DATE frome orders as o

inner join customer as c on c.CUSTOMER_NUM=o.CUSTOMER_NUM

where c.CUSTOMER_NAME = "Johnson's Department Store"

The Anytime Gym is launching new services to attract more customers. They offer a variety of fitness equipment, and are now offering free child care, a smoothie bar, and extended gym hours. Which of these is an example of a core service offered by Anytime Gym? a. Free child care b.Fitness equipment c.Smoothie bar d.Extended hours

Answers

Answer:

B. Fitness equipment.

Explanation:

The core business of Anytime gym is fitness equipments. It is the main or essential activity of the Anytime gym business as it is what improves customer value and drive profits.

Generally the core business activity of Anytime Gym refers to the key activity of the enterprise.

Core business activity contains a clear company identity, in this case the name Anytime gym suggests that the business is involved in gym activities and what stand for.

How do you depreciate a building? ​

Answers

Answer:

depriciation..it is the process of deducting the total cost of something expensive you bought for your business

Explanation:

calculations...purchase price-salvage value=depricable cost

Write a three sentence objective stating what you “bring to the table” and why you are applying for a job at XYZ Manufacturing and Construction.

Answers

Answer:

Skill

Willingness to learn/teach

Enthusiasm for the job and ways to improve it

Explanation:

Dear Manager

I am writing a letter to state that I would like to apply for the position that you are offering at the Manufacturing and construction company.

I am skilled in the craft as I earned my degree in the subject area and had been working in the same are for the last 10 years. In addition to that I am always willing to learn new ways and apply the newest technology that is most beneficial to us as well as teach the lot what I have learned thus far. Finally, I am willing to put myself in the job wholeheartedly and help solve problems that may arise. I will work with due diligence and I will not waiver.

Regards

New Worker

Jonathan manages a department of 10 people. Once he got to know each of the individual employees, he realized it would be best for him to approach them with projects in different ways. For example, Shaina likes to know the final goal of every project, while Carson only wants the details of his task. Which type of leadership is based on having different relationships with different subordinates?

Answers

Answer: Leader-member exchange

Explanation:

Leader member exchange is the situation where the leader of a group or facility gets to introduce himself to a group; old or new, for business, instructions as regards their dealings and other things hey be doing.

Jonathan applied the leader member exchange when he wanted to know and present his offer to them.

Determining opportunity cost juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. three stores carry the same skirt, but it is more convenient for juanita to get to some stores than others. for example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $104 for the skirt:

Answers

Answer:

Juanita should purchase the skirt at her local store because the total economic cost will be lowest

Explanation:

three options:

local store 15 minutes away and a price of $104across town 30 minutes away and a price of $88neighboring city 1 hour away and a price of $63

Juanita makes $42 per hour at her work, and her purchase decision includes the opportunity cost of lost wages:

total economic cost:

local store = $104 + [1/4 hours x 2 (round trip) x $42] = $125across town = $88 + [1/2 hours x 2 (round trip) x $42] = $130neighboring city = $63 + [1 hour x 2 (round trip) x $42] = $147

Juanita should purchase the skirt at her local store because the total economic cost will be lowest ($125)

Winifred read the newspaper early in the morning before she opened her Chinese imports store for the day. She read an article about the U.S. government working to limit imports from China due to Chinese dumping on the American market and unfair Chinese national banking practices. She is concerned that she will be unable to procure products for her store and that they will be more expensive if she can. Which of the following forces in the external marketing environment is the primary source of her concern?

a. Economic forces
b. Legal
c. Political forces
d. Sociocultural forces

Answers

Answer:

A) economic forces, sorry if is not :(

When goods or commodities from another country is bought is called import while when the services produced in the home country are given to another nation is called export.

The correct answer is:

Option C. Political forces.

This can be explained as:

In the above case, America and China have strained political relations due to which the trade policy will be affected.

Due to trade barriers, she will not be able to procure imports and if possible the prices will be high. This will affect her business.

Due to government policies, unfair banking practices by China will make America take steps against the trade practices.

Therefore, America will use its political forces to step into this situation.

To learn more about trade practices follow the link:

https://brainly.com/question/25652267

Find the area of a rectangle with the length measuring 8 km and the width measuring 5 km.
A. 26 m2
B. 40 m2
C. 40 km2
D. 26 km2​

Answers

Answer:

The answer is C. 40 km^2

8km*5km = 40

A = L*W

L = 8 km

W = 5 km

The stock is currently selling for $15.25 per share, and its noncallable $1,000 par value, 20-year, 7.25% bonds with semiannual payments are selling for $875.00. the beta is 1.25, the yield on a 6-month treasury bill is 3.50%, and the yield on a 20-year treasury bond is 5.50%. the required return on the stock market is 11.50%, but the market has had an average annual return of 14.50% during the past 5 years. the firm's tax rate is 40%. based on the capm, what is the firm's cost of equity?

Answers

Answer: 0.1525

Explanation:

Given the following :

Market average annual return(Rm) = 14.50% = 0.145

Required return on stock(Rf) = 11.50% = 0.115

Beta (B) = 1.25

Using the Capm, cost of equity(Ke) is given as :

Ke = Rf + B(Rm - Rf)

Ke = 0.115 + 1.25(0.145 - 0.115)

Ke = 0.115 + 1.25(0.03)

Ke = 0.115 + 0.0375

Ke = 0.1525

All employers in the U.S. Pay "payroll taxes" on behalf of employees. The Medicare portion of this is 1.45% of pay. If an employee makes $480 in a week, how much does the employer contribute for Medicare?

Answers

Answer: $6.96

Explanation:

Weekly earning = $480

Medicare tax rate = 1.45%

1.45% = (1.45/100) = 0.0145

Medicare contribution = Medicare tax rate × weekly earning

Medicare contribution = 0.0145 × $480 Medicare contribution = $6.96

The employees weekly contribution that is apportioned for Medicare is $6.96

Answer:

$7.10 USD

Explanation:

If the Employer is paying 1.48% of the employees paycheck to Medicare on their behalf then in order to calculate the actual amount we must first change the percentage into a decimal by dividing it by 100.

1.48 / 100 = 0.0148

Now that we have the percentage as a decimal we multiply it by the amount that the employee made that week, which in this case is $480

480 * 0.0148 = 7.104

Therefore we can see that $7.10 USD goes to medicate this week.

why are medical related professions and human resources important?​

Answers

Answer:

because sometimes they help us to get some medicine which can be used to cure a particular disease

The national-level advisors of CTSOS

Answers

Answer: Students

Explanation:

The National Coordinating Council for Career and Technical Student Organizations (CTSO) advocate for the values that the Career and Technical Education (CTE) curriculum instills in students.

In association with the Association for Career and Technical Education (ACTE), the CTSO work to instill career skills to students in middle school, high school, and post-secondary institutions such as Business, Health science, Information Technology and Finance amongst others.

CTSOs such as Educators Rising and Business Professionals of America encourage and support CTE programs for their members which also has a Federal Support of $1.1 billion.

Bakery has bought 250 pounds of muffin dough. They want to make waffles or muffins in half-dozen packs out of it. Half a dozen of muffins requires 1 lb of dough and a pack of waffles uses 3/4 lb of dough. It take bakers 6 minutes to make a half-dozen of waffles and 3 minutes to make a half-dozen of muffins. Their profit will be $1.50 on each pack of waffles and $2.00 on each pack of muffins. How many of each should they make to maximize profit, if they have just 20 hours to do everything?

Answers

Answer and Explanation:

The number of packets of waffles is W

and the number of muffins are M

The weight of dough is 250 pound and a pack of muffins requires 1 lb of dough whereas a pack of waffles uses 3/4 lb of dough.

3÷4W+M≤250

Multiplying both sides by 4

3W+4M≤1000

It takes bakers 6 minutes to make a packer of waffles and 3 minutes to make a pack of muffins, the total time available is 20 hours or 1200 minutes.

3M+6M≤1200

Minus the initial equation from the new equation:

(3M+6M≤1200)−(3W+4M≤1000)

2M≤200

Dividing equation by 2

M≤100

For M≤100

3W+4M≤1000

3W≤1000−4M

For the Maximum values of M

the least value of W is obtained

3W≥1000−4×100

3W≥600

Dividing the equation by 3

W≥300

For maximum profit, the number of waffles and muffins is taken as 300 and 100 respectively :

1.5∗300+2∗100

=650

Other Questions
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