Murgatroyd Co. will record $63,200 as depreciation for the year 2021 on the equipment.
In Murgatroyd Co's case, the useful life is five years. As a result, the annual straight-line depreciation is:
($860,000 - $120,000) ÷ 5 = $148,000.
The company used the double-declining-balance method to depreciate the asset in 2019 and 2020, so need to calculate the depreciation expense for those two years to determine the asset's book value at the beginning of 2021.
Year 2019: Double-declining-balance depreciation rate = (2 ÷ 5) = 40%
First year depreciation expense = $860,000 * 40% = $344,000.
Book value at the end of 2019 = $860,000 - $344,000 = $516,000.
Year 2020: Double-declining-balance depreciation rate = (2 ÷ 5) = 40%
Second year depreciation expense = $516,000 * 40% = $206,400.
Book value at the beginning of 2021 = $516,000 - $206,400 = $309,600.
Depreciation expense for the year 2021 is:
($309,600 - $120,000) ÷ 3 = $63,200
Therefore, Murgatroyd Co. will record $63,200 as depreciation for the year 2021 on the equipment.
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marian corporation has two separate divisions that operate as profit centers. the following information is available for the most recent year: black division navy division sales (net) $400,000 $350,000 salary expense 23,000 43,000 cost of goods sold 140,000 154,000 the black division occupies 22,000 square feet in the plant. the navy division occupies 33,000 square feet. rent is an indirect expense and is allocated based on square footage. rent expense for the year was $55,000. compute departmental income for the black and navy divisions, respectively. (do not round your intermediate computations)
To compute departmental income for the black and navy divisions, we need to first allocate the indirect expense of rent based on square footage. The black division occupies 22,000 square feet out of the total 55,000 square feet (22,000 + 33,000), which is 40% of the total square footage.
Therefore, the black division's share of rent expense is $22,000 (40% x $55,000). The navy division occupies 33,000 square feet, which is 60% of the total square footage. Therefore, the navy division's share of rent expense is $33,000 (60% x $55,000).
Using this information and the given figures for sales, salary expense, and cost of goods sold, we can calculate the departmental income for each division.
- Black division:
Net sales: $400,000
Cost of goods sold: $140,000
Gross margin: $260,000
Salary expense: $23,000
Rent expense: $22,000
Departmental income: $215,000 ($260,000 - $23,000 - $22,000)
- Navy division:
Net sales: $350,000
Cost of goods sold: $154,000
Gross margin: $196,000
Salary expense: $43,000
Rent expense: $33,000
Departmental income: $120,000 ($196,000 - $43,000 - $33,000)
Therefore, the departmental income for the black and navy divisions are $215,000 and $120,000, respectively.
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Shady lawyer. Brice had a number of ethical issues come up in law school involving alleged cheating but managed to graduate because nothing was ever proven. Upon obtaining his law license, Brice enjoyed living "on the edge" and engaged in tactics that were at least questionable. One of his clients was an older gentleman, Sam, with significant assets and significant legal issues involving a messy divorce stemming from his involvement with a local dog groomer, Susie. Brice told Sam that he felt certain that he could arrange matters so that Sam could live happily in the Caribbean with Susie but that, in addition to paying a hefty legal fee, Sam would need to name Brice as a significant beneficiary in his will and give Brice power of attorney over his assets. Sam agreed to do so. He gave Brice power of attorney and changed his will to reflect that upon his death, Brice would receive half his estate. The other half went to Susie. Sam also paid the hefty legal fee Brice demanded. At that point, Brice agreed to proceed with negotiations in the divorce. Shortly after the divorce, Sam had an unexpected heart attack and died immediately. Susie, the executor of the will, told Brice that she was reporting him to the state bar association and that he was not entitled to any assets from the estate. Brice told Susie that he knew that Susie had failed to pay income tax for all her dog grooming and that he was reporting her unless she kept her mouth shut and consented to the terms of the contract. Brice also said that in return for keeping his mouth shut, he wanted additional sums purportedly for his work on Sam's divorce. Assuming that Sam had paid all amounts validly due from the divorce proceeding, which of the following is true regarding Brice's attempt to obtain additional fees?
A. Brice has caused Susie to experience duress.
B. Brice has unduly influenced Susie.
C. Brice has caused Susie to experience duress and unduly influenced Susie.
D. Brice has committed intentional wrongful disclosure.
E. Brice is not guilty of anything, so long as he used no physical force to obtain Susie's agreement.
Answer:
A. Brice has caused Susie to experience duress
Explanation:
Based on the information given BRICE HAS CAUSED SUSIE TO EXPERIENCE DURESS is true regarding Brice's attempt to obtain additional fees based on the fact Brice is threatening , Forcing and persuading Susie to do things against her will by threatening to report her due to her failure to pay income tax because she said that Brice does not have the legal right to obtain the money from the estate unless she kept her mouth shut and agree to the terms of the contract, which inturn makes Brice to attempt to collect additional fees based on Sam divorce case in return for not reporting her.
Your merchant fee is 2.5%. Your
customers paid you $500,000
through credit cards. What fee
must you pay the credit card
company?
$ [?]
The fee must you pay the credit card company is $12,500.
What is a credit card?A credit card is said to be a type of plastic money that allows an individual to purchase goods on credit and pay back the amount later on some specified rate of interest being charged on it.
In order to avoid excessive spending, one should keep in mind that if a credit card debt is left unpaid at the end of the credit limit, interest will be imposed on the remaining balance.
When a consumer uses their credit or debit cards to purchase goods or services from a business, the merchant's bank balance must pay transaction fees called merchant fees.
The calculation for merchant fees is
The merchant fee will be 2.5% of $500,000
=2.5/100 x $500,000
=0.025 x $500,000
=$12,500
Therefore, the amount paid as a fee will be $12,500.
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What is meant by the free-trade doctrine? describe the advantages to businesses and explain with a current example.
Answer:
look it up on. line and u will get your help
Which of the following is the total amount of tax owed by an individual to a taxing authority such as the IRS?
O Tax break
O Tax bracket
O Tax exemption
O Tax liability
The total amount of tax owed by an individual to a tax authority is known as tax liability.
The amount that a person, company, or other entity owes to a federal, state or local tax authority is known as their tax liability.
Generally speaking, when you make money or gain from the sale of an investment or other item, you have to pay taxes. If you don't have enough income to qualify for tax filing, you might not owe any income taxes.
To Calculate Tax Liability, you should consider:
By totalling up all of your income, deducting any necessary expenses, and applying the result to the tax tables for your filing status, you can estimate your tax obligation for the year.For instance, contributions made to an employer-sponsored retirement plan that permits pre-tax deferrals or a health savings account (HSA) won't be counted toward your taxable income.Furthermore, you may be eligible to deduct some expenses from your gross income, such as interest on student loan debt or health insurance premiums if you are self-employed and paid them all year. These are referred to as above-the-line deductions or adjustments to income. Your adjusted gross income is the outcome (AGI).To know more about the taxation system:
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Is this good advice? “ if you are behind on your loans, but no in ‘ default’. Don’t even talk with your loan companies. Just go talk with your debt settlement
Yes or no
If you are behind on your loans, but not in ‘ default’. Don’t even talk with your loan companies. Just go talk with your debt settlement. The advice can be recommended.
What is a loan?The loan is referred to the amount which an individual borrows from any financial institution at a certain rate of interest which is payable at a later date in order to start any business or any other business work.
Annual percentage yield, or APY, is the abbreviation for the rate of return on an investment that is actually realized after taking into account the impact of investment returns.
Since the cost of borrowing overall is lower, accounts with higher APRs typically have lower rates than those with lower APYs.The difference between APR and APY is greater, and interest compounds more frequently as well, increasing.
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How is a person counted as unemployed ?
an efficiency expert is studying jobs carefully, making detailed assessment of how long it takes workers to perform tasks. in all likelihood, the expert is using the scientific management method of
in all likelihood, the expert is using the scientific management method of time-and-motion studies.
What are the main points of Mayo's theory of motivation?
According to Mayo management theory, relationship-based elements like attention and camaraderie drive employees much more than monetary rewards or environmental factors like lighting, humidity, etc. An organisation must work its way up the pyramid of needs to meet each employee's requirements in order to encourage workers.
Food, sleep, and shelter are among the physiological necessities at the base of the pyramid. The second level is safety, and the third is belonging.
The process of encouraging others to do the desired activity is known as motivation. It is the act of motivating employees to put in a lot of effort in order to meet the organization's objectives.
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Julie and Kristen are partners in a local sporting good store. They needed $51,000 to start the
business. They invested in the ratio of 3:10 respectively. How much money did each invest?
What percent is owned by Kristen?
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Question 4(Multiple Choice Worth 4 points)
(01.04 LC)
Which of the following will change because of a change in price?
O Demand
O Equilibrium demanded
O Supply
O Quantity supplied
Answer: Sorry I'm late. (Very) But, the answer is A. Demand.
Explanation: If price increases, demand decreases, and vise versa.
Because of a change in price, the Demand will change as well. Thus the correct option is A.
What is demand?When the willingness of an individual to buy any product is increased it gives rise to the demand. This willingness will shift with a change in the price or quality.
Demand for low-quality items decreases when an individual's income grows because of greater purchasing power, and demand rises when an individual's income decreases because of lower purchasing power.
If a good is in higher or lower demand, a variety of factors play a role in making the change. This includes the price of the product, how well buyers respond to change the price, the amount of money spent on product advertising, and so forth.
Therefore, option A Demand is appropriate.
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Kiano, a telecommunications equipment manufacturer, manufactures PDAs (P), wireless handsets (H), and blackberrys (B). They have a limited supply of common parts---ethernet card (450 in inventory), antenna (250 in inventory), chipset (800 in inventory), battery/power supply (450 in inventory), LCD screen (600 in inventory)---that these products use. A PDA requites an ethernet card, 2 chipsets, a power supply, and 2 LCD screens. A wireless handset requires an ethernet card, an antenna, 2 chipsets, a power supply, and a LCD screen. A blackberry requires a chipset and a LCD screen. The profit on PDAs is $80, the profit on wireless handsets is $60, and the profit on blackberrys is $35. The following is a linear programming formulation of the problem.
Let
P = Number of PDAs produced
H = Number of wireless handsets produced
B = Number of blackberrys produced
We may write model for this problem as follows.
Maximize 80P + 60H + 35B
subject to:
(ethernet card constraint) P + H ? 450
(antenna constraint constraint) H ? 250
(chipset constraint) 2P + 2H + B ? 800
(power supply constraint) P + H ? 450
(LCD screen constraint) 2P + H + B ? 600
(non-negativity) P, H, B ? 0.
Implement the above model in Solver and make sure to choose Simplex as the solving method and to choose the option "Make Unconstrained Variables non-negative"---do not explicitly put in the non-negativity constraints in the model and using the sensitivity report only
answer the questions below:
a. Does the solution change if only 425 ethernet cards are available?
b. Is it profitable to produce Blackberrys? If not, by how much should the profit margin on Blackberrys be increased to make it profitable to produce Blackberrys?
determine if the solution changes when only 425 ethernet cards are available, you need to adjust the respective constraint in the model and re-run Solver.
Modify the "ethernet card constraint" to P + H ≤ 425. By solving the modified model, you can compare the new solution to the previous one and observe if any changes occur in the production quantities of PDAs, wireless handsets, and blackberrys. To determine if it is profitable to produce blackberrys, you need to examine the objective function's coefficient for blackberrys in the original model. If the coefficient is positive, it implies a positive contribution to the total profit and indicates profitability. If the coefficient is negative, it implies a negative contribution and suggests that producing blackberrys would result in losses.To calculate the amount by which the profit margin on blackberrys should be increased to make it profitable, you can analyze the shadow price (also known as the dual value) associated with the constraint for blackberrys in the sensitivity report generated by Solver. If the shadow price is greater than the current profit margin of $35, it signifies that increasing the profit margin by at least the value of the shadow price would make blackberrys profitable.
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Power Wind is a corporation that specializes in designing and manufacturing windmills. Power Wind has a manufacturing plant in Colorado and offices throughout the southwestern United States. NRGreen, a provider of a variety of renewable energy design and installation services, has offered to buy Power Wind at a favorable price. However, because NRGreen's business model does not involve any manufacturing, it will close the Colorado plant immediately after acquiring Power Wind. May Power Wind's directors decline NRGreen's offer in order to keep the plant open?
a. No. Their fiduciary duty requires them to put the shareholders' interests first, and the shareholders will benefit from the sale to NRGreen.
b. No, if they are in a state that has codified Unocal.
c. Yes, if the plant is the primary source of Power Wind's profits
d. Yes, if they are in a state that has codified Unocal.
What is significant about the absolut vodka company in the context of advertising?.
Absolut Vodka has been regarded for its print advertisements showing its unique bottle in unusual and obscure contexts.
These classified ads bring that the vodka makes the context wherein it's far positioned 'Absolut'.
Absolut Vodka is made solely from natural components, and in contrast to different vodkas, it doesn't contain any added sugar. In fact, Absolut is as natural as vodka can be.
Absolut became an iconic bottle when it piqued the interest of Andy Warhol, who created Absolut's well-known print campaign in 1986. consistent with the Absolut ebook: “Over dinner one night time, Warhol tells Michel that he's enthralled by the artfulness of the Absolut bottle.
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Your organization has developed a new product.
What strategies can you use to successfully launch this product in a new market?
To successfully launch a new product in a new market, strategies such as market research, competitive analysis, pricing strategy, and targeted marketing campaigns can be implemented.
Before launching the product, conducting thorough market research to understand the needs and preferences of the target audience is crucial. Analyzing the competition and identifying areas where the new product can differentiate itself can also help.
A pricing strategy that is competitive yet profitable should be established. Finally, targeted marketing campaigns using appropriate channels can create awareness and generate interest among potential customers.
Regular evaluation and adaptation of the launch strategies based on feedback can improve the chances of success.
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When sending a contract to a client which mailing service would she use
Answer:
she should use the closest on
Explanation:
What are closing costs?
Fees added for the cleaning of a home
Fees for renovating/remodeling the home
Fees added when buying a house such as title transfer fees and lawyer fees
Fees paid by the local township
Answer:
C) Fees added when buying a house such as title transfer fees and lawyer fees
Explanation:
"An individual's personal characteristics, like good looks or friendly personality, represent one of the dimensions of the status characteristics theory." do you agree or not? And why?
Answer:
Agreed
Explanation:
This theory asserts specifically that in a team, a single individual's status characteristics like their having good looks or friendly personality would create expectations of them having good job performance. Those in this category would be given important roles.
Which of the following is true about mental models?
Mental models usually help to improve organizational effectiveness.
Mental models are one of the artifacts of organizational culture.
Mental models are mainly used to decipher an organization's culture.
Mental models can blind employees to new opportunities and unique problems.
Mental models are unrelated to organizational culture.
Out of the given statements, the following statement is true about mental models:
"Mental models can blind employees to new opportunities and unique problems."
Mental models are cognitive frameworks or representations that individuals use to understand and interpret the world around them. While mental models can be useful in many situations, they can also limit an individual's ability to see new possibilities or recognize novel problems. People often rely on their existing mental models to make sense of new information and may overlook or dismiss ideas that do not fit within their preexisting frameworks.
The other statements are not entirely accurate:
While mental models can influence organizational effectiveness, it is not a guarantee. The impact of mental models on organizational effectiveness depends on how well they align with the organization's goals and objectives.
- While mental models can be influenced by organizational culture, they are not solely artifacts of it. Mental models are shaped by a variety of factors, including individual experiences, education, and personal beliefs.
- Mental models are not mainly used to decipher an organization's culture. They are individual cognitive structures that help individuals make sense of their surroundings, including organizational dynamics and culture, but their primary function is not specifically focused on deciphering culture.
- Mental models and organizational culture can intersect, but they are not unrelated. Mental models can be influenced by and influence organizational culture, as individuals' shared mental models can shape the collective thinking and behavior within an organization.
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enumerate and explain the concepts of entrepreneurship
Answer:
Explanation: Entrepreneurship is the act of setting out on your own and starting a business instead of working for someone else in his business. While entrepreneurs must deal with a larger number of obstacles and fears than hourly or salaried employees, the payoff may be far greater as well
Which of the following is not a life role category?
O Risk Taker
O Worker
O Family Member
O Learner
Risk Taker is not a life role category.
A life role is a set of expectations, behaviors and attitudes that a society assigns to a person based on their gender, age, social status, race or other factors. For example, in many cultures women are expected to be loving, nurturing and care-givers, while men are expected to be strong, provider-types.
Life roles help to define how we see ourselves and how we are seen by others. They can be a source of satisfaction and fulfilment, but they can also be a source of stress and frustration if they do not fit with our own personal aspirations and identity.
Hence, the correct option is "First".
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In a DPP, a general partner is all of the following except A) one who buys and sells the program's property. B) one who appoints the property manager. C) a key executive who makes day-to-day business decisions. D) one who has limited liability.
Answer:
I believe that the answer is B
What statement links the project to the organization's overall business goals?
Select one:
a. Project deliverable
b. Project objectives
c. Project milestones
d. Project scope statemen
Products produced in a competitive market are
differentiated
unique
standardized and differentiated
standardized
Answer:
Standardized
Explanation:
Firms that are purely competitive provide a standardised (same or homogenous) product. Consumers will be unconcerned about whose vendor they acquire the goods from as long as the pricing is the same.
Monopolistically competitive companies make a typical profit in the long run since entrance into the market is easy. The sort of goods supplied distinguishes oligopoly from perfect competition.
Match each effect with the correct type of trade barrier
A. Standards
B. Quotas
C. Embargoes
A. Restrict exports entirely and can be used as punishment
B. Place limits on imports and can drive up prices
C. Enforce rules to uphold quality and are intended to protect consumers
Answer: i got you
Explanation:
standards= C
Quotas= B
Embargoes= A
Trade Barrier although it affects "free trade" is not a negative term. The Correct match of given options are A - C, B - B, C- A.
Trade Barrier
For a Nation, the concept of "Free Trade" is not altogether positive as it can sometime affects their domestic industries which are not capable to compete big companies. To overcome this issue "Trade Barrier" is used, apart from economic reason, it can also be used for political reasons.
In the following question we have to match different types of trade barrier with their definition. Here are the correct match:-
A. Standard - C. Enforce rules to uphold quality and are intended to protect consumers.
B. Quotas - B. Place limits on imports and can drive up prices
C. Embargoes - A. Restrict exports entirely and can be used as punishment.
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only small companies can go through financial markets to obtain financing.
true
false
The given statement "only small companies can go through financial markets to obtain financing. " is False. Both small and large companies have the ability to access financial markets to obtain financing.
Financial markets provide a platform for companies to raise capital by issuing stocks, bonds, or other financial instruments. While it is true that larger companies often have greater access to financial markets due to their size, reputation, and established track record, small companies can still participate in these markets. In fact, financial markets have evolved to accommodate the financing needs of small businesses through various mechanisms.
For example, small companies can issue initial public offerings (IPOs) to raise capital by selling shares to the public. Additionally, there are alternative financing options available for small businesses, such as crowdfunding platforms, venture capital firms, angel investors, and private equity investors. These avenues enable small companies to access capital without necessarily going through the traditional stock exchanges.
Moreover, financial intermediaries like banks and lending institutions offer various financing options, such as loans, lines of credit, and trade credit, which are accessible to both small and large companies.
In conclusion, while larger companies may have more extensive options and ease of access to financial markets, small companies also have opportunities to obtain financing through various channels available in the financial ecosystem.
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refer to the tables. in latalia the domestic opportunity cost of 1 ton of pork: group of answer choices is 3 tons of beans. diminishes with the level of pork production. is 5 tons of beans. is 1/5 of a ton of beans.
Refers to the table, in Latalia the domestic opportunity cost of 1 ton of pork is 5 tons of beans. For further more explanation you can see below.
The production possibilities table shows the maximum amount of goods that Latalia can produce with its available resources and technology. At point B, Latalia produces 3 tons of pork and 5 tons of beans. In order to produce an additional 1 ton of pork (from 3 to 4), Latalia must give up the opportunity to produce 5 tons of beans (from 5 to 0). Therefore, the opportunity cost of producing 1 ton of pork is 5 tons of beans. This relationship holds for each unit of pork that Latalia produces, and therefore the domestic opportunity cost of 1 ton of pork in Latalia is 5 tons of beans.
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President Eisenhower's economic policy can be best characterized as (A) the adoption of deficit financing to promote economic growth, but the repudiation of the progressive income tax (B) the rejection of the New Deal and an attempt to restore laissez-faire policies (C) the acceptance of the New Deal, but moderation in the expansion of governmental social programs (D) a vigorous effort to increase defense spending and federal funds for health care (E) a continuation of his predecessors' efforts to expand the role of the federal government
Answer:
(C) the acceptance of the New Deal, but moderation in the expansion of governmental social programs.
Explanation:
President Eisenhower's economic policy can be best characterized as the acceptance of the New Deal, but moderation in the expansion of governmental social programs.
what is a business strategy?
Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answer:
Buying an expensive piece of machinery
Explanation:
Public awareness is the best preventive measures of-----------------
Answer:
Any sorts of violenece or any illegal acts on human or their rights and freedom..