a new machine costing $21,600 cash and estimated to have a $3,600 salvage value was purchased on january 1. the machine is expected to produce 2,000 units of product during its 10-year useful life. calculate depreciation expense in the first year under the following independent situations. the company uses the units-of-production method and the machine produces 300 units of product during its first year. the company uses the double-declining-balance method. the company uses the straight-line method.
Answers
How to calculate first-year depreciation?
To calculate the depreciation expense in the first year under different depreciation methods, let's go through each situation one by one:
1. Units-of-Production Method:
In this method, depreciation expense is based on the number of units produced by the machine.
Depreciation per unit = (Cost - Salvage value) / Total units of production
Depreciation expense = Depreciation per unit * Units produced in the first year
Given:
Cost of the machine = $21,600
Salvage value = $3,600
Total units of production = 2,000
Units produced in the first year = 300
Depreciation per unit = (21,600 - 3,600) / 2,000 = $9 per unit
Depreciation expense = Depreciation per unit * Units produced in the first year
Depreciation expense = $9 * 300 = $2,700
Therefore, the depreciation expense in the first year using the units-of-production method is $2,700.
2. Double-Declining-Balance Method:
In this method, depreciation expense is calculated as a percentage of the book value of the asset, and the percentage is twice the straight-line depreciation rate.
Depreciation rate = (2 / Useful life in years) * 100
Depreciation expense = Depreciation rate * Book value at the beginning of the year
Given:
Cost of the machine = $21,600
Useful life in years = 10
Straight-line depreciation rate = (1 / Useful life in years) * 100 = (1 / 10) * 100 = 10%
Depreciation rate = (2 / 10) * 100 = 20%
Book value at the beginning of the year = Cost of the machine
Depreciation expense = Depreciation rate * Book value at the beginning of the year
Depreciation expense = 20% * $21,600 = $4,320
Therefore, the depreciation expense in the first year using the double-declining-balance method is $4,320.
3. Straight-Line Method:
In this method, depreciation expense is evenly distributed over the useful life of the asset.
Depreciation expense = (Cost - Salvage value) / Useful life in years
Given:
Cost of the machine = $21,600
Salvage value = $3,600
Useful life in years = 10
Depreciation expense = (21,600 - 3,600) / 10 = $1,800
Therefore, the depreciation expense in the first year using the straight-line method is $1,800.
To summarize:
Depreciation expense in the first year using the units-of-production method: $2,700 Depreciation expense in the first year using the double-declining-balance method: $4,320 Depreciation expense in the first year using the straight-line method: $1,800Learn more about:depreciation
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Related Questions
Being financially responsible is no easy task for any age, but it is certainly the best choice for everyone to follow. One of the first steps to being responsible is to plan a budget for your income and spending This will help you learn to manage your money. Anyone can make a budget plan by listing all fixed expenses for the month, then determining variable expenses, and, finally, planning for miscellaneous expenses. You should know your income-to-debt ratio in order to determine how much money you actually have and how much money you actually spend. It is important to track your spending by making a list and then avoiding impulse purchases. Putting aside some money for savings for emergencies and future goals is crucial to being financially responsible
Another important goal is to use credit wisely and make all payments on time. When borrowing money, you should shop around for the best interest rates and choose wisely by reviewing all the terms and conditions of the loan or credit card. Remember to only charge and borrow what you can afford to repay, not what you are offered in a loan or credit limit. Always use discipline in your borrowing, and be committed to paying back your loans in a timely manner.
You can have control over your finances if you take the right steps. If you do get into trouble with managing your money, there are ways to take back control. There are people and resources to guide you in becoming financially responsible, even if you have made some poor decisions.
OBJECTIVES
Calculate credit card payments at various interest rates.
Identify the three Cs of creditworthiness.
Examine credit scores.
Develop plans for becoming financially responsible.
Compare renting to owning a home.
Before You Begin
Examine the Prompt
Many adults make poor choices about credit and financing. In order to understand smart choices and the results of poor choices, you will complete a research project comparing three people and their circumstances. You will identify, calculate, and project credit-card debt, payments, and mortgage rates. You will write a five hundred word essay comparing the three people, their particular circumstances, and your projected advice.
Directions
Meet Gary. He has a great credit score and little credit card debt, with only two cards and owing $2,000 on each with a 10% interest rate. He has been working at his current job for four years with a steady income.
Meet Greg. He has a good credit score and some credit card debt, with five cards owing $2,000 on each. He has reached the maximum limit on two of them, but one is late, regularly costing him additional late fees. All have a 12% interest rate. He has been working at his current job for a year.
Meet Bob. Meet Bob. He has a bad credit score and high credit-card debt, with seven cards, owing $4,000 on each. He has reached the maximum limit on five of them, but all are late each month, costing additional late fees. All have a 15% interest rate. He has had six jobs in the past two years but has been working at his current job for three months.
Part I.
Assign a credit rating number to each person.
Explain why each person has a certain credit rating.
How can each person improve or maintain that credit rating?
Estimate the monthly credit-card payments for each of these people.
How can each person become more responsible?
Write a plan of improvement for each person.
Part II.
Each person wants to buy a home. Why should each person buy and not rent? Find each one a $200,000 house to purchase, using a local real-estate listing. What would the interest rate be for each? What would the monthly mortgage payment be? Why is each a different amount?
Part III.
Summarize the results of your research, and explain why it is financially responsible to make wise choices, using these three people as examples.
Prompt
Write a five hundred word essay answering all the questions about the three scenarios. Be sure to discuss the creditworthiness of each person, as listed below.
the credit card problems and payments
the suggestions for having better credit
the mortgage and house choices for each
the final summary comparing each person's credit story
Rubric
Answers
Answer:
Jesus christ
Explanation:
That was the longest prompt ive ever read
Answer:
This is what I put
Gary: score of 650
Greg:440
Bob:220
Explanation:
To improve their credit score they would have to join a credit union , they help because they typically charge lower fees but if the credit score is too bad then even they wont help. First thing would be to pay all the bills on time.
If Gary payed off his debt in 12 months or 1 year he would have to pay a minimmum$352 a month for 12 months.
In order for Greg to pay off his he's going to have to pay 888 a month for 13 months in order to pay off his debt but then he a;;so has to pay off his late fees so probably around almost 2 years until he can start working on his credit.
Bob would probably have to pay 666 a month in his current situation for 5 years in order t pay off his debt but then he also has the late fees so maybe around 6-6.5 years until he can start building his credit.
so its best for all of them to get rid of all their credit cards but more than 2 is deadly they can work on paying stuff on time.
If they all wanted to buy a home it would be better than renting because at least they wouldn't have to pay every month for rent cost along with the debt they all already owe, but even buying a home is dangerous because if they cant buy it all at once they are in debt on paying for the house along with everything else they are in debt for.
They chose not to pay for everything they were in debt for already at the time the bills were due and because of that its going to cost more than before because the longer you wait the more you will owe, all because they hold off on their payments. hence why it's deadly because again the longer they wait the more money they have to give, leaving them in bad debt and no money to help pay their fees and bills.
If the price of a pencil is $1.00 and the price of a pen is $2.00, what is the relative price? If the pencil
is $1.50 and the pen is $3.002 If the pencil is $2.00 and the pen is $3.00?
Answers
If the price of a pencil is $1.00 and the price of a pen is $2.00. 3 dollars will be the relative price.
$1 + $2 = $3
A price relative is the ratio of the charge of a selected product in a single period to the rate of the identical product in a few different period. In buying power parity (PPP) comparisons a rate relative refers to the ratios of the equal product in two international locations.
The nominal price of a great is its value in phrases of cash, including bucks, French francs, or yen. The relative or actual rate is its fee in terms of some other suitable, carrier, or package of goods.
Relative-price movements convey critical facts approximately the scarcity of specific items and offerings. A growing relative charge suggests that call for is outstripping deliver (or that supply is falling at the back of call for), while a falling relative price denotes just the other.
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a) Aminkh Trading. paid RM 6.50 annual dividend at the end of last year for its common share. The dividend is expected to grow at 9% and the investors required rate of return is 12%. Calculate the price of the common share.
b) 6 Stoore Partners Corp. paid RM 21.50 annual dividend at the end of last year for its commons share. The dividend is expected to grow at 12% and the investors required rate of return is 15%. Calculate the price of the common share.
c) Green Widow Corp. paid RM 123.60 annual dividend at the end of last year for its commons share. The dividend is expected to grow at 6% and the investors required rate of return is 16%. Calculate the price of the common share.
d) Differentiate between Common Shares or Preferred Shares.
Answers
The preferred shareholders bear less risk as compared to common shareholders.5. Common shareholders have a lesser claim on assets as compared to preferred shareholders.5. Preferred shareholders have a higher claim on assets as compared to common shareholders.
a) Calculation of the price of the common share:Given,Annual dividend
= RM 6.50Expected growth rate of dividend
= 9%Investor’s required rate of return
= 12%The price of a share can be calculated by the following formula:P
= D1 / (r – g)Where,P
= Price of the shareD1
= Dividend at the end of one year
= D0 × (1 + g)D0
= Dividend at the end of previous year
= RM 6.50r
= Required rate of returng
= Expected growth rate of dividend Now,Calculation of D1
= D0 × (1 + g)
= RM 6.50 × (1 + 0.09)
= RM 7.09P
= D1 / (r – g)
= RM 7.09 / (0.12 – 0.09)
= RM 236.33b) Calculation of the price of the common share:Given,Annual dividend
= RM 21.50Expected growth rate of dividend
= 12%Investor’s required rate of return
= 15%The price of a share can be calculated by the following formula:P
= D1 / (r – g)Where,P
= Price of the shareD1
= Dividend at the end of one year
= D0 × (1 + g)D0
= Dividend at the end of previous year
= RM 21.50r
= Required rate of returng
= Expected growth rate of dividendNow,Calculation of D1
= D0 × (1 + g)
= RM 21.50 × (1 + 0.12)
= RM 24.12P
= D1 / (r – g)
= RM 24.12 / (0.15 – 0.12)
= RM 804.00c) Calculation of the price of the common share:Given,Annual dividend
= RM 123.60Expected growth rate of dividend
= 6%Investor’s required rate of return
= 16%The price of a share can be calculated by the following formula:P
= D1 / (r – g)Where,P
= Price of the shareD1
= Dividend at the end of one year
= D0 × (1 + g)D0
= Dividend at the end of previous year
= RM 123.60r
= Required rate of returng
= Expected growth rate of dividendNow,Calculation of D1
= D0 × (1 + g)
= RM 123.60 × (1 + 0.06)
= RM 131.02P
= D1 / (r – g)
= RM 131.02 / (0.16 – 0.06
= RM 1310.20d) Difference between Common Shares or Preferred Shares:Following are the differences between Common Shares or Preferred Shares:Common Shares Preferred Shares1. These are the most basic form of equity ownership.1. These are the shares that have higher claims as compared to common shares.2. The dividends are paid after all the obligations are paid.2. The dividends are paid before the dividends of common shares.3. They have voting rights in the company's affairs.3. They do not have any voting rights in the company's affairs.4. The common shareholders bear more risk as compared to preferred shareholders.4. The preferred shareholders bear less risk as compared to common shareholders.5. Common shareholders have a lesser claim on assets as compared to preferred shareholders.5. Preferred shareholders have a higher claim on assets as compared to common shareholders.
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Do broadcast journalists have to worry about editing? Group of answer choices No, they have editors to do the editing. Yes, they have to learn how to use the software too. No, they don’t have enough time to edit. Yes, they are not assigned editors to review their segments.
Answers
Answer:
the first one or second one
Explanation:
tbh the first one sounds better because most broadcasters just go unfiltered
David has just been appointed leader of a new virtual team. he senses that the team members have doubts about each other's competence. what can he do to alleviate this situation?
Answers
The greatest course of action for David would be to engage in questions and answers regarding one another's professional skills, achievements and limitations during the team building phase of virtual teams.
Competencies are a quantifiable collection of traits, qualities abilities and knowledge that aid employees in performing their jobs successfully from the perspectives of talent and culture. In essence, they establish the expected level of performance for each function or team.
The appropriate competencies can help you match the right people with the right roles, provides team and employees with a roadmap for their own professional growth.
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Suppose the airline industry consisted of only two firms: American and Texas Air Corp. Let the two firms have identical cost functions,
C(q)=40q.
Assume that the demand curve for the industry is given by
P=130−Q and that each firm expects the other to behave as a Cournot competitor.
Calculate the Cournot-Nash equilibrium for each firm, assuming that each chooses the output level that maximizes its profits when taking its rival's output as given. What are the profits of each firm? (For all of the following, enter a numeric response rounded to two decimal places.)
When competing, each firm will produce？units of output.
In turn, each firm will earn profit of $？.
What would be the equilibrium quantity if Texas Air had constant marginal and average costs of $25 and American had constant marginal and average costs of $40?
If Texas Air had constant marginal and average costs of $25 and American had constant marginal and average costs of $40, American would produce ？units and Texas Air Corp. would produce ？units.
In turn, American's will earn profit of $？ and Texas Air Corp. will earn profit of $？.
Answers
American's will earn profit of $1,500 and Texas Air Corp. will earn profit of $750.
Suppose the airline industry consisted of only two firms: American and Texas Air Corp.
Let the two firms have identical cost functions, C(q)=40q. Assume that the demand curve for the industry is given by P=130-Q and that each firm expects the other to behave as a Cournot competitor. Calculate the Cournot-Nash equilibrium for each firm, assuming that each chooses the output level that maximizes its profits when taking its rival's output as given.
When competing, each firm will produce 65 units of output. In turn, each firm will earn profit of $1,175.
What would be the equilibrium quantity if Texas Air had constant marginal and average costs of $25 and American had constant marginal and average costs of $40?
If Texas Air had constant marginal and average costs of $25 and American had constant marginal and average costs of $40, American would produce 80 units and Texas Air Corp. would produce 45 units. In turn, American's will earn profit of $1,500 and Texas Air Corp. will earn profit of $750.
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Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials included in manufacturing overhead $ 4,680 Direct labor $ 59,300 Manufacturing overhead applied to work in process $ 87,100 Underapplied overhead $ 4,100 Inventories Beginning Ending Raw materials $ 11,200 $ 20,000 Work in process $ 56,000 $ 68,500 Finished goods $ 34,900 $ 43,700 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.
Answers
Answer and Explanation:
1. The Preparation of schedule of cost of goods manufactured for the month is prepared below:-
Primare Corporation
Schedule of Cost of Goods manufactured
Particulars Amount
Direct Materials:
Beginning Raw Material $11,200
Add: Raw Material purchases
during the month $32,000
Total Raw Material available $43,200
Less: Ending Raw material $20,000
Raw Material used in production $23,200
Less: Indirect Material included in
manufacturing Overhead $4,680 $18,520
Add: Direct labor $59,300
Add: Manufacturing overhead
applied to work in process $87,100
Total Manufacturing Costs $164,920
Add: Beginning Work In Process $56,000
Less: Ending Work in Process $68,500
Cost of Goods manufactured $152,420
2. The Preparation of schedule of cost of goods sold for the month is prepared below:-
Primare Corporation
Schedule of Cost of Goods Sold
Particulars Amount
Beginning finished Goods Inventory $34,900
Add: Cost of Goods Manufactured $152,420
Goods available for sale $187,320
Less: Finished Goods Inventory, Ending $43,700
Unadjusted cost of goods sold $143,620
Add: Under-applied Overhead $4,100
Cost of Goods Sold adjusted $147,720
(Under-applied overhead refers that there was less overhead applied that is Actual overheads are more than the overhead applied, thus adding to the cost of the goods sold)
How do trade agreements of international organizations affect trade? by incentivizing the development of trade policies by eliminating tariffs and taxes on imports and exports by encouraging countries to provide open access to trade by helping smaller countries compete in the world market
Answers
Any contractual arrangement between governments addressing their trading interactions is referred to as a trade agreement. Trade treaties can be bilateral or multilateral, that is, among two or more states.
Why are trade agreements important?Countries engage in international trade because there are financial benefits to be had. These benefits include expanded product diversity, cheaper pricing, superior quality, enhanced technological spread, and increased consumption by the country as a whole. Increased trade openness has been associated with higher GDP growth.
Thus Option C is correct about the trade agreement.
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Answer:
C on egde<3
Explanation:
What is the hazard? Chris works for a city public works department. One hot afternoon the temperature outside reached 92 degrees. While Chris was shoveling dirt in a vacant lot, he started to feel dizzy and disoriented. He fainted due to the heat.
Answers
Answer: dehydration
Explanation:
Answer:
dehydration and heat exhaustion.
Explanation:
I hope this helps! :)
What is the definition of a team? What is teamwork? Why is learning to work well with others important in life? What is one issue that hinders you from wanting to work with other people? What is one thing you can change so you can be successful when working in teams?
Answers
Answer:
Team work is when every one comes together to do or accomplish something and the definition of team is a group of people that play for the same thing it's important in life because when you get into the real world you will have to work with other people even if you don't like them one issue that hinders you from wanting to work with other people is you don't like those other people one thing you can change so you can be successful when working in teams is try to get along with everyone else on the team.
suppose that glamour nails, incorporated's capital structure features 30 percent equity, 70 percent debt, and that its after-tax cost of debt is 4 percent, while its cost of equity is 10 percent. if the appropriate weighted average tax rate is 21 percent, what will be glamour nails' wacc?
Answers
Glamour Nails' WACC is 6.92% when glamour nails, incorporated's capital structure features 30 percent equity, 70 percent debt, and that its after-tax cost of debt is 4 percent, while its cost of equity is 10 percent. if the appropriate weighted average tax rate is 21 percentl.
To calculate the WACC (Weighted Average Cost of Capital) for Glamour Nails, we need to use the formula:
WACC = (E/V x Re) + (D/V x Rd x (1-Tc))
Where:
E/V = percentage of equity in the capital structure = 30%
Re = cost of equity = 10%
D/V = percentage of debt in the capital structure = 70%
Rd = after-tax cost of debt = 4%
Tc = weighted average tax rate = 21%
Now, let's plug in the values:
WACC = (0.3 x 0.1) + (0.7 x 0.04 x (1-0.21))
WACC = (0.03) + (0.0392)
WACC = 0.0692 or 6.92%
Therefore, Glamour Nails' WACC is 6.92%.
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influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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Khalifa wants to expand his business further. He needs to know if he will make enough profit over the next six months. To do so, Khalid has suggested calculating his breakeven point, and his profit. Khalifa will need 100,000 AED to expand his business.
2a. Evaluate why it is a good idea for Khalifa to calculate his breakeven point.
Answers
Answer:
It is a good idea for Khalifa to calculate his breakeven point because the breakeven point will tell him at which point his sales revenue will cover his costs, giving him a profit of exactly zero.
In other words, once the breakeven point is reached, any additional sales will become profit for Khalifa, because the costs of the company will have already been covered.
The breakeven point is one of the most important financial measures, as for this reason, all firms should calculate it, whether small or large.
Question 32
What is the best divisional structure when a few major customers
are of paramount importance and many
different services are provided to these customers?
• By cost
O By customer
• By product
• By geographic area
• By process
Answers
By customer is the best choice when a company has a few major customers that are of paramount importance and provides a variety of services to these customers.
Option b is correct.
When a company has a few major customers that are of paramount importance and it provides a variety of services to these customers, the best divisional structure would be a divisional structure by customer. This is because this type of structure focuses on serving specific customer groups, which aligns well with the company's goal of providing excellent service to its major customers.
A divisional structure by customer involves dividing the company into different units or divisions that are responsible for serving specific customer groups. Each division operates as a separate entity within the company and has its own resources and personnel. This allows each division to focus on meeting the unique needs of its specific customer group, which can result in increased customer satisfaction and loyalty.
Overall, a divisional structure This type of structure allows the company to focus on meeting the unique needs of each customer group, which can result in increased customer satisfaction, loyalty, and ultimately, revenue.
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large business corporations routinely use the possibility of relocating to different states to try to lead state and local governments to enact laws and policies the businesses want, such as special tax breaks and favorable regulations. what is this called?
Answers
This practice is commonly referred to as "corporate blackmail" or "threat of relocation."
When large business corporations use the possibility of relocating to different states as leverage to get favorable laws and policies, it can be seen as an attempt to influence government decision-making through fear of economic consequences. This approach can lead to a race to the bottom among states, as each tries to offer more incentives and tax breaks to attract and retain businesses.
This type of behavior can result in a distorted and unfair business environment, where only the largest and most powerful corporations are able to dictate the rules and extract favorable treatment from government. Some people view this practice as unethical and contrary to the principles of free and fair competition.
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Which of the following statements would be considered pros of globalization?
Increased competition between countries
Increased immigration of unskilled workers
Increased public funding for education and immigration of those citizens with education
Increased consumption of wide variety of goods leading to increased production
Answers
Answer:
increased consumption of wide variety of goods leading to increased production.
Explanation:
im sorry if i get it wrong
Companies should create a broad marketing plan to serve both target and non-target customers, which will ultimately result in higher profits than a more narrowly defined plan.True/False
Answers
False.
Creating a broad marketing plan to serve both target and non-target customers is generally not an effective strategy for maximizing profits. In marketing, it is crucial to identify and focus on the specific target customers who are most likely to be interested in and purchase the company's products or services.
A narrowly defined marketing plan that targets the specific needs, preferences, and characteristics of the target customers allows for more precise and effective marketing strategies. By tailoring marketing efforts to the target market, companies can better understand and meet the needs of their ideal customers, leading to increased customer satisfaction, loyalty, and ultimately higher profits.
Trying to serve both target and non-target customers with a broad marketing plan can lead to diluted marketing efforts, ineffective messaging, and wasted resources. It may result in a lack of focus and inefficient allocation of marketing resources, which can lead to lower profitability.
Therefore, a more narrowly defined marketing plan that specifically caters to the target customers is generally more effective in achieving higher profits than a broad plan that tries to serve both target and non-target customers.
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the two most important reasons for adopting person-focused pay? person-focused pay programs represent important innovations in the compensation field. person-focused pay systems imply that employees must move away from viewing pay as an entitlement. instead, these systems treat compensation as a reward earned for acquiring and implementing job-relevant knowledge and skills. advocates of person-focused pay programs offer two key reasons that firms seeking competitive advantage should adopt this form of compensation: technological innovation and increased global competition. question 2 options: true false
Answers
True. Technological advancement and heightened international competitiveness are the two most significant justifications for adopting person-focused remuneration. Employees who acquire and apply job
Person-focused pay is a type of compensation plan intended to encourage employees to acquire and apply information and skills that are pertinent to their jobs. By seeing compensation as a reward that must be earned, this strategy departs from the conventional notion of pay as an entitlement. Person-focused compensation schemes put an emphasis on each employee's unique contribution to the success of the company. To keep up with the shifting requirements of their jobs and the larger industry, employees are urged to advance their knowledge and abilities. A trained and flexible staff is crucial to sustaining a competitive edge in industries that are subject to technological innovation and rising
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1: "How did Great Buy handle the return?" asks Sam.
"They promptly sent us two replacement monitors on October 10, as soon
as we returned the damaged ones," Monique replies. "And on October 28,
they sent us an invoice for the entire order. We paid them with a check that
same day."
Monique shows Sam the invoice from Great Buy, which reflects the two
replacement monitors that Berthold's received after returning the damaged
ones and asks him to process it for payment.
DESCRIPTION
Computer monitors (original order, $350 x 8)
Computer monitors (replacements, $350 x 2)
TOTAL:
AMOUNT
8 of 12
$2,800
$700
$3,500
What information would be recorded in the Accounts Payable ledger, which
had a previous balance of $2,800?
Answers
The resulting balance in the Accounts Payable ledger after these transactions would be a credit balance of $300 (i.e., $2,800 credit balance - $700 debit + $3,500 credit).
Why it is?
Based on the information provided, the following transactions would be recorded in the Accounts Payable ledger:
A credit entry for the original order of 8 computer monitors for $2,800, which was the previous balance in the ledger.
A debit entry for the two replacement monitors received on October 10, for a total of $700.
A credit entry for the payment made by Berthold's with a check on October 28, for the total amount due of $3,500.
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When interest rates are so high that most potential buyers cannot afford to get a loan and property values are declining, this refers to A) the value of the property. B) the supply of the property. C) the demand for the property. D) the scarcity of the property.
Answers
When interest rates are high and potential buyers cannot afford to get a loan, and property values are declining, this refers to the demand for the property.
High interest rates make it more expensive to borrow money, which reduces the number of potential buyers who can afford to purchase a property. Additionally, declining property values indicate a decrease in demand, as buyers may be hesitant to invest in a property that is losing value. Therefore, the correct answer is C) the demand for the property.
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For what reasons did companionate marriage appeal to many men in growing white-collar industries?
A) for the benefits of dual incomes
B) economic benefits of fewer children
C) practical support of having a homemaker
D) as a remedy for alienation in the workplace
Answers
D) as a remedy for alienation in the workplace.
Companionate marriage appealed to many men in growing white-collar industries as a remedy for alienation in the workplace.
The shift towards white-collar jobs in industries such as offices and corporations brought about a sense of detachment and impersonal relationships in the workplace. Men sought emotional connection, support, and companionship in their personal lives to counterbalance the alienation they experienced in their professional lives.
Companionate marriage emphasized mutual love, affection, and emotional intimacy between spouses, rather than solely focusing on traditional gender roles and economic benefits. It offered a sense of emotional fulfillment and support, allowing men to find solace and meaning outside of their work environments. By prioritizing emotional connection and companionship, companionate marriage provided a counterbalance to the alienation and impersonal nature of the white-collar workplace.
While economic benefits, dual incomes, and practical support of having a homemaker may also have played a role in the appeal of companionate marriage, the primary reason for men in growing white-collar industries was often seeking emotional fulfillment and a remedy for workplace alienation.
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Firms that implement a strategy of _____ operate multiple businesses that are not logically associated with one another.
a. unrelated diversification
b. nondiversification
c. single-business unit
d. synergy
e. entropy
Answers
Firms that implement a strategy of unrelated diversification operate multiple businesses that are not logically associated with one another. Option A is correct answer.
Unrelated diversification. Firms that implement a strategy of unrelated diversification operate multiple businesses that are not logically associated with one another. Unrelated diversification is a corporate-level strategy in which a company operates in several different industries that are not related to one another. The corporation is still in the position of owning all of its assets and resources while operating in various sectors. An unrelated diversification strategy is used by businesses to expand their income stream by investing in unrelated markets or businesses. An example is a company that produces both coffee and bicycles.
Option A is correct answer.
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A couple wants to buy curtains for their living room. While they're searching for options online, they get a phone call from a friend who
recommends a particular brand. Which stage of the buying decision process is this?
Answers
Answer:
information search
Explanation:
They're searching for information from their friend
A retailer completed a physical count of ending merchandise inventory. When counting inventory, employees did not include $3,400 of incoming goods shipped by a supplier on December 31 under FOB shipping point. These goods had been recorded in Merchandise Inventory, but they were not included in the physical count because they were in transit. This means shrinkage was incorrectly overstated by $3,400. Compute the amount of overstatement or understatement for each of the following amounts for this period.
Answers
The amounts affected by the omission of the incoming goods and their impact on the financial statements Merchandise Inventory: Understated by $3,400 - Cost of Goods Sold (COGS): Understated by $3,400 - Gross Profit: Overstated by $3,400 - Net Income: Overstated by $3,400
To compute the amount of overstatement or understatement for each of the following amounts, we need to consider the impact of the omitted incoming goods on the merchandise inventory and related financial statements. Let's break down the calculation for each amount:
1. Merchandise Inventory: The omitted incoming goods of $3,400 were recorded in the Merchandise Inventory account but were not physically counted. Since these goods were in transit, they should have been included in the physical count. Therefore, the Merchandise Inventory is understated by $3,400.
2. Cost of Goods Sold (COGS): Since the omitted incoming goods were not included in the physical count, they were not recognized as part of the ending inventory. As a result, these goods would not be included in the cost of goods sold. Therefore, the COGS is understated by $3,400.
3. Gross Profit: Gross Profit is calculated as Net Sales minus COGS. Since COGS is understated by $3,400, the Gross Profit will be overstated by the same amount, i.e., $3,400.
4. Net Income: Net Income is derived by subtracting operating expenses, including the overstated Gross Profit, from Gross Profit. If the Gross Profit is overstated by $3,400, the Net Income will be correspondingly overstated by the same amount.
In summary, the amounts affected by the omission of the incoming goods and their impact on the financial statements are as follows:
- Merchandise Inventory: Understated by $3,400
- Cost of Goods Sold (COGS): Understated by $3,400
- Gross Profit: Overstated by $3,400
- Net Income: Overstated by $3,400
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All else being equal, which would be less valuable: a December put option on a small cap tech stock or a December put option on a large cap healthcare stock?
Answers
All else being equal, a December put option on a small cap tech stock would be less valuable than a December put option on a large cap healthcare stock.
This is because small cap tech stocks tend to be more volatile and risky than large cap healthcare stocks. Therefore, the market perceives a greater risk of price fluctuations and uncertainty in the small cap tech stock, which would require a higher premium to purchase a put option.
On the other hand, large cap healthcare stocks are typically more stable and less prone to sudden price movements, making them a less risky investment. As a result, the market perceives less risk in the large cap healthcare stock and the put option would require a lower premium.
Overall, the value of a put option depends on a variety of factors, including the underlying stock's volatility, market sentiment, and current market conditions.
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___ requrements are courses that build knowledge and skills in a specific field.
A. major
B. general studies
C. specialization
D. elective
Answers
D. elective requrement are courses that build knowledge and skills in a specific field
Roxanne is writing an email rejecting a customer’s refund claim for a faulty kitchen blender. Which statement makes a good buffer for Roxanne’s email?
A. We regret that we are not able to offer a replacement.
B. We are glad to hear from a loyal customer.
C. We have considered your request about the kitchen blender.
D. We see that you have used the blender for nine months.
E. We hope to continue serving you in the future with the best products.
Answers
The statement that makes a good buffer for Roxanne’s email is : We have considered your request about the kitchen blender.
What is an email?This is an electronic device, used for exchange of messages between a sender and a receiver. This device connects people together.
Hence, the statement that makes a good buffer for Roxanne’s email is : We have considered your request about the kitchen blender.
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What would be the net present value of a microwave oven that costs $159 and will save you $68 a year in time and food away from home
Answers
Answer:
159 - 68 = 91
Explanation:
Suppose that the USA can make 15,000,000 cars or 20,000,000 bottles of wine with one year's worth of labor. France can make 10,000,000 cars or 18,000,000 bottles of wine with one year's worth of labor. From these numbers, we can conclude:
Which country has the absolute advantage in producing cars? (5 points)
Which country has the absolute advantage in producing wine? (5 points)
Which country has the comparative advantage in producing cars? Which country has the comparative advantage in producing wine? (Show opportunity cost calculations.) (10 points)
Should these two countries trade? Why or Why not? (10 points)
What would you suggest each of these countries produce? Explain your answer. (Make sure to include the number of cars and bottles of wine each country should produce) (10 points)
Answers
USA has the comparative advantage in the production of cars and France has comparative advantage in the production of wine.
What is comparative and absolute advantage ?Absolute advantage is a term used in economics to describe a party's better capacity for output. It specifically means the capacity to create a specific commodity or service for less money (i.e., more effectively) than a rival.
The ability of an economy to produce a specific good or service at a lower opportunity cost than its trading counterparts is known as comparative advantage. Comparative advantage is a theory that explains why businesses, nations, or people might gain from trade.
USA has absolute advantage in producing wind because that can produce 20000000 bottles of wine were as France can make only 18000000 bottles of wine USA has absolute advantage in the production of wine.
USA have the comparative advantage in producing car. Comparative advantage of USA in the production of car is
15000000÷20000000= 0.75
Comparative advantage of France in the production of car is
10000000÷18000000= 0.55
USA has the comparative advantage in the production of car
These two countries will engage in trade because USA has completed the production of car whereas France has comparative advantage in the production of wine. Car for USA will export car to France import wine and France full export wine to USA and import car make gains from trade.
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A message is conveyed by means of a(n) __________ such as a salesperson, advertising media, or public relations tools.
a. vehicle
b. channel of communication
c. field of experience
d. direct feedback loop
e. information highway
Answers
A message is conveyed by means of a channel of communication, such as a salesperson, advertising media, or public relations tools.
The correct answer is b. channel of communication. In the process of communication, a channel refers to the medium or method through which a message is transmitted from a sender to a receiver. It serves as the pathway for the message to reach its intended audience. Channels of communication can vary depending on the context and purpose of the message.
For example, a salesperson can act as a channel of communication by directly interacting with potential customers and conveying information about a product or service. Advertising media, such as television, radio, or online platforms, can serve as channels to reach a wider audience through promotional messages. Public relations tools, such as press releases, events, or social media, can also be utilized as channels to disseminate information and shape public perception.
The choice of an appropriate channel of communication is crucial to ensure that the message is effectively delivered and understood by the target audience. Factors like audience demographics, reach, cost, and desired impact are considered when selecting the most suitable channel for conveying a particular message.
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