Answers
Answer:
true
Explanation:
because
Related Questions
If the effect of the debit portion of an adjusting entry is to increase the balance of an asset
account, which of the following describes the effect of the credit portion of the entry?
Answers
When the debit portion of an adjusting entry is used to increase the balance of an asset account, the credit portion of the entry will decrease the balance of another account, which will be either a liability account or an equity account.
What is the adjusting entry?Adjusting entries are journal entries that are made at the end of an accounting period to modify the accounts' balances. They are done to update and verify revenue and expense accounts' accuracy, as well as to adjust the balance sheet accounts for adjustments that have yet to be recorded.When should adjusting entries be made?Adjusting entries are typically made at the end of an accounting period. For example, adjusting entries may be needed if a company's insurance premiums have been paid in advance, or if a company has earned revenue but has not yet received payment.Adjusting entries are critical in determining the correct profit and loss as well as the balance sheet, which is why they must be accurate and complete.Adjusting entries are required for each financial statement's following types:Income Statement - revenue and expense accounts are adjusted.Balance Sheet - asset, liability, and equity accounts are adjusted.How are adjusting entries made?Adjusting entries are made with the following steps:Step 1: Determine the transaction or event that necessitates an adjustment. Step 2: Determine which accounts are affected by the transaction or event. Step 3: Decide whether each account is to be debited or credited. Step 4: Make the necessary adjusting journal entries.
For more question portion of an adjusting
https://brainly.com/question/14565649
#SPJ8
1. Provide a Brief History of Starbucks
2. What are the company's goals?
3. What is the company’s general environment? What is the company’s task environment? What is the company’s internal environment?
4. What is the organization’s structure (basic form of an organization)? How do they handle HR issues, such as employee compensation, hiring, etc.?
5. What are some examples of programmed decisions the company makes? What are some examples of non-programmed decisions the company makes?
6. What is the company’s perspective on diversification (Single-Product, Related, or Unrelated) of their business? If applicable, complete a BCG Matrix for the company.
(INCLUDE SOURCE)
Answers
Starbucks is a global coffeehouse chain that was founded in the 1971 in Seattle, Washington by Jerry Baldwin, Zev Siegl, and Gordon Bowker. One of the Starbucks' main goals is to continue expanding its global presence and to become world's most respected and admired company.
What is Starbucks?Starbucks is a multinational coffee company and coffeehouse chain headquartered in Seattle, Washington. Founded in 1971, the company has since grown to become one of the world's largest coffee retailers with over 30,000 stores in 80 countries. Starbucks is known for its premium quality coffee, handcrafted beverages, and a variety of food items such as sandwiches, pastries, and salads. The company also sells whole bean and ground coffee, as well as other merchandise such as mugs, tumblers, and coffee makers. Starbucks places a strong emphasis on ethical sourcing and sustainability, working directly with farmers to ensure fair prices and environmentally friendly practices. The company is also involved in various social and environmental initiatives, including supporting local communities and reducing its carbon footprint.
To learn more about Starbucks, visit:
https://brainly.com/question/28149688
#SPJ1
Complete Question:
Provide a Brief History of Starbucks and what are the company's goals?
1.
Marketing can be viewed as consisting of two general tasks; (1) finding out what
consumers need and then (2) developing strategies to satisfy those needs.
Propose the process of how marketers go about determining and satisfying
customer needs for lounge-wear during the pandemic?
[40 marks, 400 words)
Answers
Finding out what consumers need;
To determine your consumers' demands, collect input from them at each stage of your process. You may discover consumer requirements in a variety of methods, such as through focus groups, monitoring to your consumers or social networking sites, or doing keyword research.Effects of pandemic on marketing;
Epidemic has led in adjustments to promoting, marketing, commercial, and media spending, requiring businesses and kinds to rethink existing and future advertising and marketing efforts in order to maintain a steady stream of economic reward.
Pandemic has rendered people's lives and livelihoods helpless all over the world. It has also prompted a reassessment of what client care entails for vulnerable individuals and hence the potential customers that serve them. Examining customer journeys and satisfaction indicators to determine what consumers would want to have given rise to an extreme need to cope with what they have.
Learn more:
https://brainly.com/question/16623095?referrer=searchResults
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:
1. What is the materials quantity variance for March?
2. If Preble had purchased 171,000 pounds of materials at $7.20 per pound and used 155,000 pounds in production, what would be the materials quantity variance for March?
3. What is the labor rate variance for March?
4. What is the labor efficiency variance for March?
5. What is the labor spending variance for March?
Answers
Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).
Labor efficiency variance = $404,600 F
What is Labor efficiency variance?By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.
1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)
Labor efficiency variance = $1,156,000 - (91,800 * $17)
Labor efficiency variance = $404,600 F
2) Variance in direct labor worked divided by variance in labor efficiency
Variance in labor costs is $404,600 - $68,000.
Variance in labor costs = $336,600 F
3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Manufacturing variable overhead cost = 24,000 * $21
$504,000 is the variable manufacturing overhead cost.
4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Cost of variable overhead in production = 30,600 * $21
$642,600 is the variable manufacturing overhead cost.
Learn more about Labor efficiency variance, here
https://brainly.com/question/28013719
#SPJ1
Ray's hair salon generates income through the sale of hair products and beverages
alongside haircuts and treatments. Identify the term to describe each of the different
products or services that Ray sells.
Answers
Answer:
rayy's i dot like it
Explanation:
Perdon Corporation manufactures safes-large mobile safes, and large walk-in stationary bank safes. As part of its annual budgeting
process, Perdon is analyzing the profitability of its two products. Part of this analysis involves estimating the amount of overhead to be
allocated to each product line. The information shown below relates to overhead.
Mobile Safes Walk-in Safes
200
50
300
200
Units planned for production
Material moves per product line
Purchase orders per product line
Direct labor hours per product line
450
350
800
1,700
(a)
* Your answer is incorrect.
The total estimated manufacturing overhead was $280,000. Under traditional costing (which assigns overhead on the basis of
direct labor hours), what amount of manufacturing overhead costs are assigned to: (Round answers to 2 decimal places, eg. 12.25.)
(1)
One mobile safe
$
350
per unit
(2)
One walk-in safe
$
1647
per unit
Answers
Under the traditional costing method (which assigns overhead on the basis of direct labor hours), the amount of manufacturing overhead costs assigned to the following by Perdon Corporation are:
1) One mobile safe $448 per unit
2) One walk-in safe $3,808 per unit
What is a predetermined overhead rate?A predetermined overhead rate is used by the traditional costing method, unlike the Activity-based costing system (ABC), which uses activity drivers and cost pools.
The traditional costing method assigns overhead costs based on a companywide cost driver, for example, direct labor hours.
Data and Calculations:Total overhead = $280,000
Mobile Safes Walk-in Safes Total
Units planned for production 200 50 250
Material moves per product line 300 200 500
Purchase orders per product line 450 350 800
Direct labor hours per product line 800 1,700 2,500
Predetermined overhead rate per direct labor hour = $112 ($280,000/2,500).
Total overhead costs assigned to $89,600 $190,400
($112 x 800) ($112 x 1,700)
Overhead per unit $448 $3,808
($89,600/200) ($190,400/50)
Thus, under the traditional costing method, the amount of manufacturing overhead costs assigned are $448 per unit of Mobile Safe and $3,808 per unit of Mobile Safe.
Learn more about the traditional costing method at https://brainly.com/question/15366005
Use the following information to calculate for the year ended December 31, 2018
(a) net income,
(b) ending retained earnings, and
(c) total assets.
Supplies $ 3,000
Revenues $25,000
Operating expenses 12,000
Cash 15,000
Accounts payable 9,000
Dividends 1,000
Accounts receivable 3,000
Notes payable 1,000
Beginning retained earnings 5,000
Equipment 6,000
Answers
Answer:
a. $13,000
b. $17,000
c. $27,000
Explanation:
a= Net income (loss) = Service revenue - Other operating expenses
Net income (loss) = $25,000 - $12,000
Net income (loss) = $13,000
b. Ending retained earnings = Beginning retained earnings + Net income - Dividends
Ending retained earnings = $5,000 + $13,000 - $1,000
Ending retained earnings = $17,000
c. Total assets = Cash + Accounts receivable + Supplies + Equipment
Total assets = $15,000 + $3,000 + $3,000 + $6,000
Total assets = $27,000
These costumers can take a long time to make a purchase decision, and might return to a retailer several times before making a purchase. a. Innovation/trend buyers b.Impulse buyers c.Recreational shoppers d.comparison shoppers
Answers
Answer:
d.comparison shoppers
Explanation:
Comparison shoppers refers to the type of costumers who like to investigate each products that they buy into the smallest details. They want to make sure that they get the most economic benefit by choosing the best products with the most reasonable price range.
Typically, this type of costumers do not have a loyalty toward a certain brand. All they want is value. Before making a purchase they tend to conduct a through research that make their decision making process become a little bit longer compared to other customers.
QUESTION 82
Lucent Technologies is considering a project that has the following cash flow and WACC data.
a) Determine the project's NPV.
b) Decide whether IRR or MIRR is appropriate for this problem. Explain which of these you chose and determine the value.
c) Given your solutions for a & b, advise management to accept or reject the project by making the appropriate comparisons.
7.45%
WACC:
Year
Cash flows
0
-$32,600 $15,000 $17,000
$13,000
-$4,000
Answers
a) the NPV of the project is $3,573.36. b) the MIRR of the project is 5.94%.
c) the positive NPV of $3,573.36 and the MIRR of 5.94%, it is advisable for the management to accept the project.
a) To calculate the NPV of the project, we need to discount the future cash flows to their present value using the weighted average cost of capital (WACC) of 7.45%.
Year 0 cash flow: -$32,600
Year 1 cash flow: $\(15,000 / (1 + 0.0745)^1\) = $13,947.74
Year 2 cash flow: $\(17,000 / (1 + 0.0745)^2\) = $14,377.64
Year 3 cash flow: $\(13,000 / (1 + 0.0745)^3\) = $10,748.23
Year 4 cash flow: -$\(4,000 / (1 + 0.0745)^4\) = -$2,900.25
NPV = -$32,600 + $13,947.74 + $14,377.64 + $10,748.23 - $2,900.25 = $3,573.36
Therefore, the NPV of the project is $3,573.36.
b) The IRR (Internal Rate of Return) and MIRR (Modified Internal Rate of Return) are both methods used to evaluate the attractiveness of an investment opportunity. The IRR is the discount rate that makes the NPV of the project equal to zero, while the MIRR is the discount rate that equates the present value of cash inflows to the future value of cash outflows.
In this case, since the project has non-conventional cash flows (negative initial cash flow followed by positive cash flows and then a negative cash flow), the IRR approach may lead to multiple IRR values, making it unreliable. Therefore, MIRR is more appropriate for this problem.
To calculate MIRR, we need to find the future value of the initial outflow, and the present value of all future inflows, then find the discount rate that equates these values.
Future value of the initial outflow: -$ = -$41,670.92
Present value of future inflows: $15,000 + $17,000 + $13,000 - $4,000 = $41,000
MIRR = [(41,000 / 41,670.92)^(1/4)] - 1 = 5.94%
Therefore, the MIRR of the project is 5.94%.
c) Based on the positive NPV of $3,573.36 and the MIRR of 5.94%, it is advisable for the management to accept the project. The positive NPV indicates that the project's inflows exceed the outflows, generating value for the company, while the MIRR of 5.94% is higher than the cost of capital of 7.45%, indicating that the project is expected to provide returns that are higher than the required rate of return.
For more such questions on NPV visit:\(32,600 \times (1 + 0.0745)^4\)
https://brainly.com/question/18848923
#SPJ11
The Berne Conventions provides for international protection of copyrights.
True
False
Answers
A job cost sheet of Sandoval Company is given below.
Job Cost Sheet
JOB NO. 469 Quantity 2,500
ITEM White Lion Cages Date Requested 7/2
FOR Todd Company Date Completed 7/31
Date Direct Direct Labor Manufacturing
Materials Labor Overhead
7/10 700
12 900
15 440 550
22 380 475
24 1,600
27 1,500
31 540 675
Cost of completed job:
Direct materials
Direct labor
Manufacturing overhead
Total cost
Unit cost
(1) What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job?
Source Documents
Direct materials pixel.gifMaterials requisition slipsPredetermined overhead rateTime tickets
Direct labor pixel.gifMaterials requisition slipsPredetermined overhead rateTime tickets
Manufacturing overhead pixel.gifMaterials requisition slipsPredetermined overhead rateTime tickets
(2) What is the predetermined manufacturing overhead rate? (Round answer to 0 decimal places e.g 135.)
Predetermined manufacturing overhead rate pixel.gif %
(3) What are the total cost and the unit cost of the completed job? (Round unit cost to 2 decimal places, e.g. 1.25.)
Total cost of the completed job $pixel.gif
Unit cost of the completed job $pixel.gif
Answers
Answer:
A. Direct materials-Materials requisition slips
Direct labor-Time tickets
Manufacturing overhead- Predetermined overhead rate
B. 125%
C. Total cost $7,760
Unit cost $3.104
Explanation:
1. Based on the information given the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job are :
Direct materials-Materials requisition slips
Direct labor-Time tickets
Manufacturing overhead- Predetermined overhead rate
2. Calculation to determine the predetermined manufacturing overhead rate
Predetermined overhead rate=$550/$440*100
Predetermined overhead rate=125%
Therefore the predetermined manufacturing overhead rate is 125%
3. Calculation to determine the total cost and the unit cost of the completed job
TOTAL COST
Direct Material $4, 700
($700 + $900 + $1,600 + $1,500)
Add Direct Labor $1,360
($440 + $380 + $540)
Add Manufacturing Overhead $1,700
($550 + $475 + $675)
Total Cost $7,760
UNIT COST
Unit cost= $7,760/ 2,500
Unit cost=$3.104
Therefore the total cost is $7,760 and the unit cost of the completed job is $3.104
2. An entrepreneur must make sure to budget carefully since they oversee their own company's finances.
True
False
Answers
Answer:
True .....this is because the entrepreneur is the risk bearer of the business...he is liable for any profit/loss.
makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.7 pounds $ 7.20 per pound $ 48.24 Direct labor 0.6 hours $ 26.00 per hour $ 15.60 Variable overhead 0.6 hours $ 4.20 per hour $ 2.52 In June the company's budgeted production was 3600 units but the actual production was 3700 units. The company used 22,350 pounds of the direct material and 2310 direct labor-hours to produce this output. During the month, the company purchased 25,600 pounds of the direct material at a cost of $172,180. The actual direct labor cost was $57,221 and the actual variable overhead cost was $9531. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for June is:
Answers
Answer:
$171 Favorable
Explanation:
Actual Variable Overhead Rate = Actual variable overhead cost / Actual direct labor-hours used
Actual Variable Overhead Rate = $9,531 / 2,310
Actual Variable Overhead Rate = $4.125974
Variable overhead rate variance = (Standard rate - Actual rate) * Actual Direct labor hours
Variable overhead rate variance = ($4.20 - $4.125974) * 2310
Variable overhead rate variance = $0.074026 * 2310
Variable overhead rate variance = $171 Favorable
tarter is
Select one
O a gingivitis
b. dental calculus
c. plaque
d pyorrhea
Answers
Answer:
Explanation:
The answer is b dental calculus
Haile Resort opened for business on June 1 with eight air conditioned units. Its trial
balance on August 31 is as follows.
Haile Resort
Trial Balance
August 31, 2022
Debit Credit
Cash Br. 39,200
Prepaid Insurance 9,000
Supplies 5,200
Land 40,000
Buildings 240,000
Equipment 32,000
Accounts Payable Br. 9,000
Unearned Rent Revenue 9,200
Mortgage Payable 100,000
Share Capital—Ordinary 200,000
Retained Earnings 0
Dividends 10,000
Rent Revenue 172,400
Salaries and Wages Expense 89,600
Utilities Expense 18,400
Maintenance and Repairs Expense 7,200
Br.490,600 Br.490,600
Other data:
1. The balance in prepaid insurance is a 1-year premium paid on June 1, 2022.
2. An inventory count on August 31 shows Br.1,300 of supplies on hand.
3. Annual depreciation rates are buildings (4%) and equipment (10%).
4. Unearned rent revenue of Br.7,600 should be recognized as revenue prior
to August 31.
5. Salaries and wages of Br.750 were unpaid at August 31.
6. Rentals of Br.1,600 were due from tenants at August 31.
7. The mortgage note is dated 1/1/2022. The mortgage interest rate is 8% per
year.
Instructions
a. Journalize the adjusting entries on August 31 for the 3-month period
June 1–August 31.
Answers
If Haile Resort opened for business on June 1 with eight air conditioned units. Its trial. The journal entry to record this transactions is: Debit: Insurance Expense, 9,000,Credit: Prepaid Insurance, 9,000
What is journal entry?Journal entry is used by companies to record their day to day business transactions.
Haile resort journal entries
Prepaid Insurance:
Debit: Insurance Expense, 9,000
Credit: Prepaid Insurance, 9,000
Supplies:
Debit: Supplies 3,900
Credit: Supplies Expense, 3,900
( 5,200 - 1,300)
Depreciation:
Debit: Depreciation Expense, Buildings, 2400
Credit: Accumulated Depreciation, Buildings, 2400
(Br.240,000 * 4% * 3/12 )
Debit: Depreciation Expense, Equipment 800
Credit: Accumulated Depreciation, Equipment, 800
(Br.32,000 * 10% * 3/12 )
Unearned Rent Revenue:
Debit: Rent Revenue, 7,600
Credit: Unearned Rent Revenue, 7,600
Salaries and Wages:
Debit: Salaries and Wages Payable, 750
Credit: Salaries and Wages Expense, 750
Rent Receivable:
Debit: Rent Receivable, 1,600
Credit: Rent Revenue, 1,600
Debit Interest Expense 2,000
Credit Mortgage Payable 2,000
(100,000 * 8% / 12 * 3 = 2,000)
Therefore the entry is Debit: Insurance Expense, 9,000,Credit: Prepaid Insurance, 9,000
Learn more about journal entry here:https://brainly.com/question/28390337
#SPJ1
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
Answers
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
Read more about selling price
brainly.com/question/28420607
#SPJ1
¿In two to three sentences, explain why it is important to have insurance.?
Answers
Answer:
Explanation:
Insurance protects yourself, your assets, or even your family against financial loss. Oftentimes, events, such as cancer or a car accident, are random and have the potential to financially run people. Insurance is a way to reduce the financial impacts of these risks.
What is the present value of $500 invested each year for 10 years at a rate of 5%?
Answers
Answer:
250 is the answer to the question
your company will need a business plan in order to do what?
A. Increase revenue.
B. Identify an opportunity.
C. Pay taxes.
D. Get funding.
Answers
Answer: D. Get Funding
Explantion: You company will need a business plant in order to get funding because you'd need to present your investors with the future of your business and what it's there to do. I also happened to take the assessment and it was marked correctly.
I hope this helped!
Good luck <3
Your company will need a business plan in order to get funding. Hence, the correct answer is option D.
What is a business plan?A business plan is a formal document that outlines a company's goals, strategies, and projected outcomes. One of the primary reasons for creating a business plan is to secure funding from investors or financial institutions. By presenting a well-written and comprehensive business plan, a company can demonstrate its viability and potential for success, which can increase its chances of obtaining the necessary funding to start or grow the business.
While a business plan can help a company increase revenue and identify opportunities, those outcomes are not the primary purpose of a business plan. Paying taxes is a legal requirement for all companies, but a business plan is not directly related to tax obligations.
Therefore, a company will need a business plan in order to get funding. Hence, the correct answer is option D.
Learn more about business plan, here:
https://brainly.com/question/15826771
#SPJ3
Which of the following supports a business strategy that incorporates the key
operational capability of flexibility?
O Utilizing specialized, automated equipment for consistent product buildup
O Using electronic tools to improve customer communications
Having high quality standards for suppliers
O Reducing labor and shelving costs
O Maintaining excess production capability
Answers
Business strategy that incorporates the key operational capability of flexibility is utilizing specialized, automated equipment for consistent product buildup.
Thus, the correct option is A.
What is Business strategy?
A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time.
A plan outlining how a corporation will accomplish its objectives is known as a business strategy. Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.
Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.
A strategy is essentially just a hypothesis. For a strategy to be effective, the issue that needs to be resolved must be accurately diagnosed, a guiding policy must be established to handle the issue, and a set of cogent actions must be proposed to carry out the policy.
Learn more about Business strategy, here
https://brainly.com/question/28561700
#SPJ1
Given the information below, calculate the net cash provided from operating activities for Baskin Peter Pty. Ltd.
Receipts from customers $279,247
Payments for property, plant & equipment $42,310
Interest paid $4,231
Proceeds from issue shares $25,836
Payments to supplier and employees $220,013
Repayment of borrowings $53,331
GST paid $16,924
Payments for motor vehicle $37,985
Interest received $6,770
Select one:
$61,773
$44,849
$55,345
$49,080
Answers
The cash inflows from operating activities are:
Receipts from customers: $279,247
Interest received: $6,770
Total cash inflows from operating activities: $286,017
The cash outflows from operating activities are:
Payments to suppliers and employees: $220,013
GST paid: $16,924
Total cash outflows from operating activities: $236,937
Therefore, the net cash provided from operating activities is:
Net cash provided from operating activities = Cash inflows from operating activities - Cash outflows from operating activities
Net cash provided from operating activities = $286,017 - $236,937
Net cash provided from operating activities = $49,080
Therefore, the net cash provided from operating activities for Baskin Peter Pty. Ltd. is $49,080.
So the answer is D) $49,080.
NewTech purchases computer equipment for $255,000 to use in
operating activities for the next four years. It estimates the equipment's
salvage value at $20,000. What’s the year end hook value formula ?
Answers
The year-end book value formula for the computer equipment is given as
Year-End Book Value = Cost of Equipment - Accumulated Depreciation
At the end of the fourth year, the year-end book value will be 0
How to calculate Year-end book valueThe year-end book value formula for the computer equipment as
Year-End Book Value = Cost of Equipment - Accumulated Depreciation
To know the accumulated depreciation for each year, use the following formula:
Annual Depreciation = (Cost of Equipment - Salvage Value) / Useful Life
Where the useful life is the estimated number of years the equipment will be used in the business before it is sold or retired.
With 4 years of use, we can calculate the annual depreciation as follows:
Annual Depreciation = ($255,000 - $20,000) / 4
Annual Depreciation = $63,750
Therefore, the year-end book value formula for the computer equipment at the end of each year would be:
Year 1: $255,000 - $63,750 = $191,250
Year 2: $255,000 - ($63,750 x 2) = $127,500
Year 3: $255,000 - ($63,750 x 3) = $63,750
Year 4: $255,000 - ($63,750 x 4) = $0
At the end of the fourth year, the accumulated depreciation will equal the cost of the equipment minus its estimated salvage value, so the year-end book value will be zero.
Learn more on Salvage value on https://brainly.com/question/32338713
#SPJ1
Consider the following data. 42 45 32 27 38 12 32 The difference between the median and the mode is A. 2 B. 3 C. 1 D. 0
Answers
The difference between the median and the mode is 0. Option D
To find the median, we need to first arrange the data in ascending order: 12, 27, 32, 32, 38, 42, 45. The median is the middle value, which in this case is 32.
To find the mode, we need to identify the value that appears most frequently in the data set. Here, 32 appears twice, which is more than any other value. Therefore, the mode is 32.
The difference between the median and the mode is simply the absolute value of their difference: |32-32| = 0. Therefore, the answer is D) 0.
In summary, to find the difference between the median and the mode, we need to first find the median by arranging the data in ascending order and identifying the middle value. Then, we need to identify the mode, which is the value that appears most frequently in the data set. Finally, we calculate the absolute value of their difference to find the answer. In this case, the difference is 0. Option D.
For more such questions on median visit:
https://brainly.com/question/28328898
#SPJ11
Question 18 of 20
How is simple interest different from compound interest?
A. Compound interest is not paid on the principal, or initial deposit.
B. Simple interest is only paid on the principal, or initial deposit.
C. Simple interest is paid on the original deposit plus any interest
earned.
D. Compound interest is only paid on the principal, or initial deposit.
SUBMIT
Answers
Simple interest is only paid on the principal, or initial deposit. Hence Option (B) is correct.
Simple Interest refers to the interest on a principal amount over a certain period of time. Its formula is as under:
Simple Interest = Principal × Interest Rate × Time
The total amount accumulated or repaid at the end of the period is calculated by adding the simple interest to the principal:
Total Amount = Principal + Simple Interest
On the other hand, compound interest refers to calculating interest on a principal amount that takes into account the accumulated interest from previous periods. Its formula is as under:
A = P(1 + r/n)^(nt)
Thus, simple interest is on the original principal, while compound interest considers the accumulated interest from previous periods.
Learn more about Interest here:
https://brainly.com/question/30393144
#SPJ1
Assume you work for a company as an accountant and you have been asked to calculate the depreciation expense for each year of a new machine that your company purchased on April 1, 2021, at a cost of $ 350,000. You have estimated that the machine will have a salvage value of $15,000. The machine is expected to be used for 27,800 working hours during its 5-year life.
a) Prepare the depreciation schedule for each year of the useful life under
straight line method.
b) Compute the depreciation expense for 2021, 2022 and 2023 under units-of activity method, assuming machine usage was 2700 hours in 2021 and 3500 hours and 2200 hours in 2022 and 2023 respectively.
Answers
Answer:
a) Depreciation Schedule under Straight-Line Method:
Date Cost Depreciation Accumulated Net Book Value
Expense Depreciation
April 1, 2021 $350,000 $50,250 $50,250 $299,750
2022 350,000 67,000 117,250 232,750
2023 350,000 67,000 184,250 165,750
2024 350,000 67,000 251,250 98,750
2025 350,000 67,000 318,250 31,750
b) Depreciation expense under the units-of-activity method:
2021 2,700 * $12.05 = $32,535
2022 3,500 * $12.05 = $42,175
2023 2,200 * $12.05 = $26,510
Explanation:
a) Data and Calculations:
Cost of equipment on April 1, 2021 = $350,000
Estimated salvage value = $15,000
Depreciable amount = $335,000
Estimated useful life = 5 years
Annual Depreciation:
Straight-line method = $67,000 ($335,000/5)
Expected machine usage hours = 27,800
Depreciation rate under the unit-of-activity method = $335,000/27,800
= $12.05
17) Two commonly used techniques to aid managers with important decisions for setting a direction and allocating resources include ________ and ________ analysis strategies. A) micromarketing; macromarketing B) business portfolio; diversification C) investment; divestment D) dashboards; metrics E) subjective; objective Group of answer choices a b c d e
Answers
Answer:
Option b: business portfolio; diversification
Explanation:
A business is commonly defined as the clear, broad, underlying industry or market segment or sector of an organization's offering.
A business portfolio analysis is simply a technique that managers use to grade performance measures and growth targets to analyze their firms' strategic business units (SBUs) as if they are collection of different investments.
Diversification analysis is also a technique use in business to helps a firm or organizations to search for growth opportunities from among current and new markets as well as current and new products.
a firm has total interest charges of $10,000 per year, sales of $1 million, a tax rate of 40 percent, and a net profit margin of 6 percent. What is the firm's times interest earned ratio
Answers
Answer:
10400
Explanation:
The firm's times interest earned ratio is 10.
What is interest?
Someone borrows money during a hard time, they are paying additional amount, which is an interest. In monetary terms, interest is a yearly percentage of the loan amount. Different categories, including simple interest, compound interest, and annual interest, are used to categorize the loan.
The given amount is:
Interest charge = $10,000Sales = $1,000,000Tax rate = 40%Net profit margin = 6%firm's net income:
Net income = sales × net profit margin.
Net income = $1,000,000 × 6%
Net income = $60, 000
earnings before interest and taxes (EBIT)
EBIT = \(\frac{Net income}{1 - tax rate}\)
EBIT = \(\frac{60,000}{1 - 40}\)% (1 - 40%)
EBIT = 1000, 000
The firm's times-interest-earned ratio (TIE):
TIE = \(\frac{EBIT}{Interest charge}\)
TIE = \(\frac{100, 000}{10, 000}\)
TIE = 10
As a result, the times interest earned ratio is 10.
Learn more about on interest, here:
https://brainly.com/question/13324776
#SPJ2
Roman is the chief executive officer of Salty Snax Corporation. Roman’s responsibilities include decisions on product development, marketing, and other significant business directions. Roman is subject to the approval and oversight of Salty Snax’s board of directors. Teri is a Salty Snax manager whose duties include the firm’s day-to-day hiring, firing, purchasing, and selling. Umberto is a Salty Snax salesperson, whose daily activities are controlled by Teri. Velma writes sales manuals and promotional materials for Salty Snax’s products according to Roman’s instructions and subject to Salty Snax’s control, but has no dealings with the company’s customers or suppliers. Warren writes copy on a contract-per-project basis and is not otherwise subject to Salty Snax’s control.
Who is a principal? Who is an agent? Who is an employee? Who is an independent contractor?
Answers
Answer:
The correct answers are:
Roman is a principal
Velma is an agent
Umberto is an employee
Warren is an independent contractor
Explanation:
Roman is a principal due to the fact that he is the one who is in the highest position of them all and he has no superior in the company
Velma is an agent because she is under the control of the company.
Teri is an employee because she has to deal with the day-to-day operations and has a superior. And Umberto is an employee because he is in the lowest positions and is controlled by Teri
Warren is an independet contractor because he is not subejct to the company's control
NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $.59 a share. The following dividends will be $.64, $.79, and $1.09 a share annually for the following three years, respectively. After that, dividends are projected to increase by 3.9 percent per year. How much are you willing to pay today to buy one share of this stock if your desired rate of return is 13 percent? Multiple Choice $9.87 $12.45 $2.47 $13.04 $12.93
Answers
Answer:
$9.87
Explanation:
The first step is to find the present value of the dividend in the first stage
Present value can be found using a financial calculator
D1 = $.59
D2 = $.64
D3 = $.79
D4 = $1.09
I = 13%
Present value = $2.24
value in the stage of indefinite growth = $1.09(1.039) / (0.13 - 0.039) = 1.132510 / 0.091 = 12.45
Present vale of the stage of indefinite growth = 12.45 / 1.13^4 = 7.64
$7.64 + $2.24 = $9.87
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
If $2,000,000 of 10% bonds are issued at 97, the amount of cash received from the sale is
a. $2,100,000
b. $2,060,000
c. $2,000,000
d. $1,940,000
Answers
The amount of cash received from the sale of $2 million bonds issued at 97% of face value is $1.94 million. The issue price is calculated by multiplying the face value by 97%, which is $1.94 million.
Hence, the correct option is (d).
To calculate the amount of cash received from the sale of $2,000,000 of 10% bonds issued at 97, we need to multiply the bond's face value by the percentage of the issue price.
The issue price is given as 97% of the face value. To find the issue price, we calculate:
Issue price = Face value x (97/100)
= $2,000,000 x (97/100)
= $1,940,000
Therefore, the amount of cash received from the sale is d. $1,940,000.
Learn more about bonds here: brainly.com/question/33648670
#SPJ2