Jennings Advertising Inc

question 57

Multiple Choice

Jennings Advertising Inc.reported the following in its December 31,2016,balance sheet:
Equipment $500,000
Less: Accumulated depreciation-equipment $135,000
In a disclosure note,Jennings indicates that it uses straight-line depreciation over 10 years and estimates salvage value at 10% of cost.What is the average age of the equipment owned by Jennings?

• A)2.7 years.
• B)3 years.
• C)7 years.
• D)7.3 years.

Identify health and sexual behaviors in older adulthood.

Explain the impact of age-related changes on sexuality.

Comprehend the scientific theories and limits related to lifespan and aging.

Grasp universal design principles and their relevance to an aging population.

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Definitions:

Quarter's Production Needs

The estimated quantity of products that a company plans to produce in a specific quarter to meet customer demand.

Variable Overhead Rate

The rate at which variable overhead costs are applied to a product based on a specific activity or driver.

Direct Labor-Hours

The total hours worked directly on manufacturing a product or providing a service.

Direct Labor Rate

The hourly wage paid to workers who are directly involved in the production of goods or services.