On January 1, 2016, Russo Resort purchased equipment for cash at a cost of $45,000 and an estimated residual value of $3,000. The company depreciates equipment using the straight-line method over 5 years. At December 31, 2018, what amount will be reported for Accumulated Depreciation?  

The depreciation method that does not initially use the residual value in depreciation calculations is the  

Equipment was purchased on January 1, 2017 for a cost of $240,000. On January 1, 2018, the balance of accumulated depreciation was $48,000. Six months later on July 1, 2018, the company decided to sell the equipment when the balance of accumulated depreciation was $72,000. The equipment sold at a price of $170,000. The journal entry to record this sale would

Thomas LLC has the following accounting records in 2021:                                  Sales revenue          26,250      Beginning Inventory          10,888      Purchases          11,008      Ending Inventory (at weighted average cost)          10,269                                     Thomas earned a gross profit and experienced a gross margin percent, respectively, of:                            

Cash and cash equivalents include:  

On a bank reconciliation, which of the following would be deducted from the balance per book?

A company has net credit sales of $5,000,000, cost of goods sold of $3,890,000, a beginning balance of net receivables of $1,245,000, and an ending balance of net receivables of $1,417,000. What is the company’s Days’ Sales Outstanding (rounded)?  

Which of the following are responsible for 80% of the increase in meat and egg bird performance over the past 50+ years in the US poultry industry?

In 2020, it is expected that the US alone will produce 9 [answer1] broilers and 9 [answer2] dozen eggs. 

Table egg farms make up less than 5% of the poultry farms in the US.