Choice among Depreciation Methods Walnut Ridge Production, Inc., purchased a new computerized video editing machine at a cost of $370,000. The system has a residual value of $56,400 and an expected life of five years. 1. Compute depreciation expense, accumulated depreciation, and book value for the first three years of the machine's life using: a. The straight-line method: End of Year Book Value Depreciation Accumulated Expense Depreciation 1 30728 62720 62720 2 b. The double-declining-balance method: Accumulated Book Value End of Year Depreciation Depreciation Expense 1 2 3 2. Which method would produce the largest income in the first, second, and third year, respectively, of the asset's life?
Answers
Straight-line method:
Depreciation expense = (Cost - Residual Value) / Expected life
Depreciation expense = ($370,000 - $56,400) / 5 years = $62,720 per year
Year 1:
Book value = $370,000 - $62,720 = $307,280
Accumulated depreciation = $62,720
Year 2:
Book value = $307,280 - $62,720 = $244,560
Accumulated depreciation = $62,720 + $62,720 = $125,440
Year 3:
Book value = $244,560 - $62,720 = $181,840
Accumulated depreciation = $125,440 + $62,720 = $188,160
Double-declining-balance method:
Depreciation rate = 2 / Expected life = 2 / 5 = 40%
Year 1:
Depreciation expense = $370,000 x 40% = $148,000
Accumulated depreciation = $148,000
Book value = $370,000 - $148,000 = $222,000
Year 2:
Depreciation expense = $222,000 x 40% = $88,800
Accumulated depreciation = $148,000 + $88,800 = $236,800
Book value = $222,000 - $88,800 = $133,200
Year 3:
Depreciation expense = $133,200 x 40% = $53,280
Accumulated depreciation = $236,800 + $53,280 = $290,080
Book value = $133,200 - $53,280 = $79,920
The straight-line method produces the same depreciation expense for each year, so it will produce the same income in the first, second, and third year. The double-declining-balance method produces a larger depreciation expense in the earlier years of the asset's life, so it will produce a larger income in the first and second year. In the third year, the straight-line method will produce a larger income, as the depreciation expense is lower.
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Related Questions
Automated teller machine to provide all the following services except
Answers
Answer:
b. statement printouts
Multiple-choice answers for this question are:
a. Account balance checks b. statement printouts c. cash withdrawals d. money transfers
Explanation:
An ATM ( automated teller machine) provides a convenient way to perform some basic banking operations outside the banking hall. Customers can check their account balance, do transfers, deposit, and withdraw from their accounts from an ATM. A debit card is required to access the bank account via ATM.
An ATM does not print bank statements. A customer requiring a bank statement will need to walk into the banking hall to request the inquiries desk.
Answer:
Statement Printouts
Explanation:
Darrell is in charge of facilities management at his company. He believes in helping the environment and knows the company can save thousands of dollars in the long run by converting to energy saving bulbs and instituting energy saving policies across the whole corporation. After suggesting the idea to the CEO and board, they want him to write up a plan with an explanation of why his idea is beneficial to the company, a budget, and how he will use employees' time. This is a Multiple Choice business report. spreadsheet analysis. white paper. business proposal. development timeline.
Answers
The most suitable document for Darrell to prepare, given the requirements, is a business proposal.The appropriate document that Darrell should prepare in this scenario is a business proposal.
A business proposal is a formal document that outlines a specific project or initiative and presents its benefits, budget, and implementation plan to stakeholders or decision-makers. In this case, Darrell needs to present his idea of converting to energy-saving bulbs and implementing energy-saving policies to the CEO and board.
A business proposal typically includes an introduction, an executive summary, a detailed explanation of the idea's benefits and advantages, a budget section detailing the estimated costs and potential savings, an implementation plan, and a timeline for execution.
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The Internal Revenue Service (IRS) is the federal government agency responsible for (5 points) Group of answer choices Filling out your tax forms Writing tax laws Tax collection and tax law enforcement Keeping the unemployment rate low
Answers
Answer:
Tax collection
Explanation:
The IRS collects taxes, interprets the tax laws, and holds people accountable for paying taxes.
A measure of the percentage of orders that are shipped complete with all items ordered by a customer is known as _____ fill rate.
Answers
A measure of the percentage of orders that are shipped complete with all items ordered by a customer is known as order fill rate.
The order fill rate is the percentage of wholesale orders that are successfully filled. For instance, if your customer orders 100 items and 20 of them are out of stock, your fill rate would be 80%.
Order filling refers to the process of storing and receiving inventory, and packing, picking, and shipping each order. Thus, order fill rate is a measure of how many orders you managed to fulfill completely without any backorders or stockouts.
Hence, the answer is given and explained above.
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can i doit without pay
Answers
Answer:
what?
Explanation:
two rivers that helped China develop
Answers
primero el rio Amarillo (Huang He) en el norte, y más tarde el Yangtze en el sur.
Two great rivers run through China Proper: the Yellow River in the north, and the Yangtze (or Yangzi ) River to the south
What Do Banks Do With Their Deposits?
Answers
Answer: When a person deposits money into their bank account, the bank can then lend other people that money. The depositing customer gains a small amount of money in return (interest on deposits), and the lending customer pays a larger amount of money to the bank in return (interest on loans).
Explanation: I think
How do Keynesian economists differ from Classical economists: Group of answer choices
Laissez-faire policies would lead to macro equilibrium.
Markets would naturally self-adjust.
The economy was inherently unstable.
Prices and wages were flexible.
Answers
Keynesian economists differ from classical economists in that the economy is inherently unstable and that prices and wages are not flexible. They believe that markets do not naturally self-adjust and that laissez-faire policies would not lead to macro equilibrium. The correct answer is, Laissez-faire policies would lead to macro equilibrium.
Keynesian economists advocate for active government intervention in the economy to promote full employment, stabilize prices, and stimulate economic growth. They argue that during economic downturns, government spending should increase to boost aggregate demand and stimulate economic activity.
In contrast, classical economists advocate for laissez-faire policies and believe that the market should be left to self-regulate. They argue that government intervention in the economy can lead to inefficiencies and distortions in the market. They also believe that prices and wages are flexible, which means that markets will naturally adjust to achieve equilibrium.
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One of the reasons it has been so difficult for Congress to bring federal spending under control is because
A.the crowding-out effect has been ineffective.
B.the pay-as-you-go provisions have been so expensive.
C.the federal budget has many entitlements that people do not want cut.
D.sequestration has worked so well.
Answers
Answer:
Correct Answer:
C.the federal budget has many entitlements that people do not want cut.
Explanation:
In U.S, there are so many sectors with so many budget mapped out and controlled in-order to benefits the citizens. For example, in this pandemic situation, there are budgets for those who lost their jobs, those unable to pay their house rent, those with medical challenges etc. all these entitlements are what people are not willing to lose. Bringing the federal spending under control means cutting off some of these budgets which might trigger crises.
How much unexcused absenteeism is acceptable per year?.
Answers
3–4 unexcused absences per year are acceptable by most employers.
Employee absenteeism is the term used to describe routine absences from work that are often unscheduled and without a good reason. This can be the result of sudden absences or personal or family emergencies. It excludes authorized yearly or parental leaves of absence, as well as sporadic uncontrollable events, as well as scheduled absences.
The key distinction is that an employee was supposed to work when there was absenteeism. While sporadic absences are typically not a problem, frequent absences can negatively affect your business. A loss of productivity and profit, as well as bad staff morale, can result from failing to address fundamental problems.
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Advantages of using social media for a business (in terms of customer service)
Answers
P.s. if it’s a case study, make sure to apply :)
According to the transaction cost economics, which of one the following is NOT a disadvantage of buying from the market.
A. •principal-agent problem
B. opportunism
C. • Information asymmetries
D. • Search cost
Answers
transaction cost economics - Search cost is NOT a disadvantage of buying from the market. The other options, such as principal-agent problem, opportunism, and information asymmetries, are considered disadvantages in this context.
Transaction cost economics is a theory that explains the factors that determine the transaction costs incurred in economic exchanges. These costs can be defined as the costs involved in completing a transaction, including both the direct and indirect costs. The theory suggests that these transaction costs influence the choices made by firms and individuals when deciding to make transactions in the market or within their own organization.One of the main advantages of buying from the market is the ability to reduce costs, as firms can leverage economies of scale and specialization to obtain products or services at a lower cost than producing them internally. However, buying from the market also has some disadvantages, which are referred to as transaction costs.The first disadvantage of buying from the market is the principal-agent problem. This problem arises when the interests of the buyer and the seller are not aligned, and the buyer cannot observe or verify the actions of the seller. This can lead to a lack of trust and an increased risk of opportunistic behavior.
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A firm will break even where ______ will just cover ______ because the revenue per unit and the average total cost per unit are equal.
Answers
A firm will break even where total revenue will just cover total costs because the revenue per unit and the average total cost per unit are equal.
In a break-even situation, a firm's total revenue equals its total costs. This means that the firm is not making a profit or incurring a loss. Total revenue is calculated by multiplying the quantity of goods sold by the price per unit (Revenue per unit = Price × Quantity). Total costs consist of fixed costs and variable costs. The average total cost per unit is the sum of the average fixed cost per unit and the average variable cost per unit.
At the break-even point, the revenue per unit (price) is equal to the average total cost per unit. This means that the money earned from selling one unit is exactly enough to cover the cost of producing that unit. To find the break-even point, you can use the formula:
Break-even Quantity = Total Fixed Costs / (Price per Unit - Average Variable Cost per Unit).
By understanding these concepts, it becomes clear that a firm breaks even when its total revenue just covers its total costs, as the revenue per unit and the average total cost per unit are equal at this point.
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Why is creating an entrepreneurial team a good idea?
Answers
Explain Market Segmentation
Answers
In marketing, market segmentation is the process of dividing a broad consumer or business market, normally consisting of existing and potential customers, into sub-groups of consumers based on some type of shared characteristics.
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HELP PLS:) Hoai-Luu Q. Nguyen of the University of California, Berkeley, has studied the effects on local businesses of the bank branch closest to a local business closing. She found that "closings [of bank branches] lead to a persistent decline in local small business lending. . . . Closings can have large effects, even in dense banking markets, if they disrupt lender-specific relationships that are difficult to replace. "
Source: Hoai Luu Q. Nguyen, "Are Credit Markets Still Local? Evidence from Bank Branch Closings," American Economic Journal: Applied Economics, Vol. 11, no. 1, January 2019, pp. 132.
a. What does Nguyen mean by "lender-specific relationships"?
By "lender-specific relationships," the author is referring to
A. Borrowers who are willing to pay higher interest rates because they value a strong relationship with a bank.
B. Local banks' practice of extending loans to borrowers who are unable to get loans at larger commercial banks.
C. A common practice of local banks in which lending is limited to a specific industry or group of people.
D. Local banks' practice of extending loans to borrowers based on the history of the borrower with the bank.
b. Why is it difficult for a small business to find another source of credit if the local bank branch closes?
A. Other banks will not have as much information as local banks do regarding the creditworthiness of the business.
B. Small businesses rely on local banks to encourage investors to purchase the stocks and bonds they offer.
C. Small businesses typically borrow large amounts of money, and most banks prefer to fund smaller loan amounts.
D. Small businesses are just as likely to obtain funds from a larger bankthey prefer to bank locally to support their community.
Can't a small business just receive a loan from a different bank? Doesn't it have other ways of obtaining credit besides taking out a loan from a bank?
A. Yes, but when local banks close, small businesses prefer to obtain funds in financial markets to meet their credit needs.
B. Not necessarily, small businesses rely on loans from banks because they are unable to obtain funds in financial markets.
C. Yes, banks are financial intermediaries, so regardless of the size of the business, their job is to lend funds to borrowers.
D. No, small businesses typically borrow large amounts of money, and most banks prefer to fund smaller loan amounts
Answers
a. By "lender-specific relationships," Nguyen means that local businesses may have established a history and personal relationship with the bank branch closest to them, making it easier for them to secure loans or other financial services.
This relationship may not exist with other banks, and therefore, it can be difficult for small businesses to replace that source of credit if the local bank branch closes.
b. It can be difficult for a small business to find another source of credit if the local bank branch closes because other banks may not have the same level of familiarity with the business's creditworthiness or financial history. Additionally, small businesses may have limited options for alternative sources of credit, as they may not have the same access to financial markets or other lending institutions as larger businesses do. Therefore, losing the local bank branch as a source of credit can have a significant impact on the ability of small businesses to obtain the funds they need to operate and grow.
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Which selection chart would you use to short-list suitable materials for each of the following? [2 marks] Suspension bridge Springboard for pool diving Aircraft landing gear Fuselage in a pressurised
Answers
Following are the selection charts used:
For a suspension bridge, you would use a selection chart that evaluates materials based on their strength, durability, and flexibility.Materials that are strong and can withstand tension and compression forces would be suitable for a suspension bridge. Examples of materials that could be used for a suspension bridge include steel, concrete, and composite materials.
For a springboard for pool diving you would use a selection chart that evaluates materials based on their elasticity, stiffness, and durability.Materials that are elastic and can store and release energy quickly would be suitable for a springboard. Examples of materials that could be used for a springboard include fiberglass, carbon fiber, and aluminum.
For aircraft landing gear, you would use a selection chart that evaluates materials based on their strength, fatigue resistance, and toughness.Materials that are strong and can withstand high loads and impacts would be suitable for landing gear. Examples of materials that could be used for landing gear include steel, titanium, and aluminum alloys.
For the fuselage in a pressurized aircraft, you would use a selection chart that evaluates materials based on their strength, stiffness, and resistance to fatigue and corrosion.Materials that are strong, lightweight, and can withstand high stresses and pressures would be suitable for a pressurized fuselage. Examples of materials that could be used for a pressurized fuselage include aluminum alloys, titanium alloys, and composite materials.
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This spreadsheet was created to track the money different employees earned in bonuses. The creator used
numbers and formulas to make the document efficient so that it could change as the bonus amounts changed.
What is most likely appears in the formula bar when B6 is selected?
A $total
B $112
C=MAX(B2:B5)
D =AVERAGE(B2:B5)
Answers
The formula that most likely appear in the formula bar of the spreadsheet when B6 is selected is =AVERAGE(B2:B5). Thus, the correct answer is option (D).
What is a spreadsheet?A spreadsheet is a computer programme for organizing, calculating, and storing data in tabular form. Spreadsheets were created as digital counterparts to traditional paper accounting spreadsheets.
The central tendency of a bunch of numbers in a statistical distribution—which is where the center is located—is measured by the AVERAGE function. The following are the top three central tendency measures:
Average: The arithmetic mean is determined by adding a collection of integers, dividing by their count, and then taking the result.The middle number in a set of numbers is called the median. The values of half the numbers are higher than the median while the values of the other half are lower than the median.The number that appears the most frequently among a set of numbers is the mode.Therefore, option D is correct.
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Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
Answers
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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Because susans standard deduction is greater than the amount she made, it turns out that Susan never owed taxes. How large of a refund should she expect from the Federal
government if she follows through on filing her 1040 form
Answers
Note that if Susan's standard deduction is greater than the amount she made, it means her taxable income is zero. If she had any taxes withheld from her paychecks throughout the year, she would be eligible for a full refund of those taxes.
What is the rationale for the above response?Assuming Susan is a single taxpayer under the age of 65 and not claimed as a dependent on anyone else's tax return, her standard deduction for tax year 2022 (filing in 2023) would be $12,950.
If Susan's total income for the year is less than or equal to $12,950, she would owe no federal income tax and would be eligible for a full refund of any federal income tax withheld from her paychecks or estimated tax payments she made throughout the year.
The exact amount of her refund would depend on how much federal income tax was withheld from her paychecks or paid in estimated tax payments throughout the year. Susan can determine the amount of her refund by completing her tax return using Form 1040 and any other applicable forms and schedules.
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that is correct what is your cross price elasticity between audio books and gigabytes of data
Answers
The cross price elasticity between audio books and gigabytes of data is an economic concept that measures the responsiveness of demand for audio books to a change in the price of gigabytes of data.
Here, correct answer will be:-
This elasticity is important to understand how changes in the price of one good affects the demand of another good. It is also important for producers and marketers to understand the relationship between the two products to optimize their pricing strategy.
The cross price elasticity of audio books and gigabytes of data can be positive, negative, or zero. If the elasticity is positive, it indicates that an increase in the price of gigabytes of data will lead to an increase in the demand for audio books.
On the other hand, if the elasticity is negative, it indicates that an increase in the price of gigabytes of data will lead to a decrease in the demand for audio books. Finally, if the elasticity is zero, it indicates that there is no effect of a change in the price of gigabytes of data on the demand for audio books.
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from your point of view, is there an ethical issued involved in this case? in your own words, explain why there is or is not an ethical issued involved and what the issue is. is the financial vice president acting improperly or immorally? why? what does weller have to gain by advocacy of early implementation? how might stakeholders be affected by the decision against early implementation? should we hold financial decision makers and companies responsible and why?
Answers
From my point of view, there is an ethical issue involved in this case.
The ethical issue is whether the financial vice president is acting properly or improperly by advocating for early implementation of the new software when the company has already committed to a later implementation date. The financial vice president may have a personal interest in advocating for the earlier implementation, such as a financial benefit or a career advancement opportunity. This could be perceived as unethical behavior, as it could be seen as a conflict of interest.
Weller may stand to gain from advocating for early implementation because it could be beneficial for his career or for any financial interests he has. Stakeholders may be affected by the decision against early implementation in various ways. For example, the implementation of the new software could be beneficial to employees in terms of increased efficiency, or to customers in terms of a better user experience.
I believe that financial decision-makers and companies should be held responsible for their decisions and actions, as their decisions and actions can have significant impacts on stakeholders. Companies should strive to make ethical decisions that are in the best interest of all stakeholders, not just a few.
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What is a business opportunity?
Answers
Answer:
a packaged business investment that allows the buyer to begin a business.
Explanation:
which system supports the capturing, organization, and dissemination of knowledge throughout an organization?
Answers
An organization's ability to collect, organize, and share knowledge is supported by knowledge management systems.
What exactly do knowledge management systems do?Any type of IT system that saves and retrieves knowledge to enhance comprehension, teamwork, and process alignment is referred to as a knowledge management system. Within teams or organizations, knowledge management systems are possible.
What are the four different types of knowledge management?The four most important components of knowledge management are people, processes, content/IT, and strategy. Your organization will always require leaders, sponsors, and supporters of knowledge sharing regardless of its sector, size, or knowledge requirements.
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when and under which Act citizen investment trust was established ?
Answers
Citizen Investment Trust (Nagarik Lagani Kosh), a statutory institute under Citizen Investment Trust Act, 2047, has ownership of Nepal Government as a public financial organization. It was established on 18th March, 1991(4th Chaitra, 2047B. S) as an autonomous body.
Answer:
18th March, 1991
Explanation:
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If an insurer requires a medical examination of an applicant in connection with the application for life insurance, who is responsible for
paying the cost of the examination?
A The examiner
B The applicant
C The insurer
D The cost of the examination will be waived.
Answers
The cost of the examination will be waived
D
Opponents of a project do not belong to the category of stakeholders. (True or False)
Answers
The given statement is False as they have a vested interest in the project's outcome and can be affected by its implementation.
Stakeholders are individuals, groups, or organizations that have a direct or indirect interest in a project or its outcomes. They can include various parties such as employees, customers, suppliers, shareholders, local communities, government agencies, and even opponents or critics of the project.
Opponents of a project are individuals or groups who express opposition, concerns, or disagreement with the project's goals, objectives, or potential impacts. They may have different perspectives, conflicting interests, or perceive potential negative consequences associated with the project.
While stakeholders typically encompass a broad range of individuals and groups, including those who support or are directly involved in the project, opponents are also recognized as stakeholders. Their viewpoints and concerns need to be considered and addressed to ensure effective stakeholder management and project success.
Engaging with opponents and understanding their perspectives can provide valuable insights, help identify potential risks or issues, and enable project managers to develop strategies to mitigate concerns, improve project outcomes, or address any negative impacts.
Recognizing opponents as stakeholders fosters transparency, inclusivity, and effective communication, which can contribute to better decision-making and project outcomes.
Therefore, opponents of a project do belong to the category of stakeholders, although they may have divergent interests or perspectives compared to other stakeholders.
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vhegg The company that you manage has invested $5 million in developing a new product, but the development is not quite finished. At a recent meeting, your salespeople report that the introduction of competing products has reduced the expected sales of your new product to $3 million. If it would cost $1 million to finish development and make the product, youshould go ahead and do so. The most you should pay to complete development is $2.0 million.
Answers
Answer:
Yes; $2.0 million
Explanation:
Yes, YOU SHOULD GO AHEAD and do so reason been that the TOTAL LOSS would then be the amount of $3 million calculated as [( -$5million)+(-$1 million)+$3 million=-$3 million] instead of the amount of $5 million which therefore means that The MOST YOU SHOULD PAY in order to complete the development would be the amount of $2 million calculated as ($5 Million-$3 Million).
Of the following costs related to the development of natural resources, which one is not a part of depletion cost?
Question 1 options:
A. Acquisition cost of the natural resource deposit
B. Exploration costs
C. Tangible equipment costs associated with machinery used to extract the natural resource
D. Intangible development costs such as drilling costs, tunnels, and shafts
Question 2
Fences and parking lots are reported on the balance sheet as ______
Answers
Of the following costs related to the development of natural resources, tangible equipment costs associated with machinery used to extract the natural resource are not a part of depletion cost. Option C is correct.
Fences and parking lots are reported on the balance sheet as land improvements.
Depletion cost includes the expenses incurred in acquiring, exploring, and developing a natural resource deposit. These costs include:
A. Acquisition cost of the natural resource deposit - The initial cost to obtain the rights to the resource.
B. Exploration costs - The costs involved in finding the resource, such as geological surveys and sample drilling.
D. Intangible development costs such as drilling costs, tunnels, and shafts - These costs are related to preparing the site for extraction.
Tangible equipment costs are not included in depletion cost because they are considered separate assets and are depreciated over their useful life, rather than being depleted along with the natural resource. Thus, option C is correct.
Fences and parking lots are considered land improvements, which are enhancements made to a parcel of land to increase its value or usability. Land improvements are reported on the balance sheet as a separate category under property, plant, and equipment (PP&E). These improvements have a limited useful life and are depreciated over that life, unlike the land itself, which is not depreciated.
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How creamy is creamy
Answers
Answer:
creamy
Explanation:
Answer:
c r e a m
Explanation: