On October 1, 2021, Vaughn Company places a new asset into service. The cost of the asset is $133000 with an estimated 5-year life and $35000 salvage value at the end of its useful life. What is the book value of the plant asset on the December 31, 2021, balance sheet assuming that Vaughn Company uses the double-declining-balance method of depreciation
Answers
The book value of the plant asset on the December 31, 2021, balance sheet, assuming Vaughn Company uses the double-declining-balance method of depreciation, is $103,100.
To calculate the book value, we first need to determine the annual depreciation expense. The formula for double-declining-balance depreciation is: (2 / useful life) * book value at the beginning of the year. In this case, the useful life is 5 years, and the book value at the beginning of the year is $133,000.
Using the formula, we can calculate the annual depreciation expense for 2021 as follows: (2 / 5) * $133,000 = $53,200.
Next, we subtract the depreciation expense from the beginning book value to get the ending book value. Beginning book value - depreciation expense = ending book value.
In this case, the beginning book value is $133,000. Subtracting the depreciation expense of $53,200 gives us an ending book value of $79,800.
Finally, we add the salvage value of $35,000 to the ending book value to get the final book value on the balance sheet: $79,800 + $35,000 = $114,800.
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Related Questions
Making Decisions It is Friday, Homecoming, and the big game with a rival school is tonight. You have an after-school job, and you have been saving for the big event for the past month. BUT, you had to purchase two new tires for your car; and now you only have $40 to spend. You need to get gas, pay to get into the game, and you had planned to take your date out to eat after the game before you go the Homecoming dance. Answer each question in complete sentences using proper grammar and punctuation: 1. Do you have enough money to do all that you had planned? 2. If gas costs $3.00 per gallon, what factors will determine how much gas you purchase? 3. We will assume that you and your date will get into the game for free since you are students. Will you have enough to take your date to dinner after the game, once you purchase gas for your car? 4. Would you be better off to cancel the whole night's plans? Justify your answer...tell why you made your choice.
Answers
Answer:
1. No
2.If you are on a budget it depends if you want to purchase $50 or another amount, while if you want to fill up the gas tank it depends on the cars' capacity. Some cars can take up to 11 gallons of gas, so if wanting to fill up the tank you would need to spend $33.
3. no because i will have 6 dollars left.
4. yes and chill at home with my date, im sure he/she will understand unless they will help pay for it or ask parents.
JUSTIFYING ANSWER= i choose to be this way because first off i would save my money once i even found about homecoming.
Explanation:
If supply increases and demand stays the same, there will be a
A) higher equilibrium price and quantity
B)lower equilibrium price and higher quantity
C) lower equilibrium price and quantity
D) higher equilibrium price and lower quantity
Answers
Answer:
B) lower price increase quantit
Explanation:
What is friendship?? :)
Bye! Y'all!!
Answers
Answer:
agree with this
.................................
Answer:
just for fun
Explanation:
real friends are those who open their mouth to just insult there bestij
Statistics are the straw out of which i like every other ecnomist have to make bricks. Explain
Answers
As Marshall observed, "Statistics are the straw out of which I, like every other economist, have to create bricks," this statement does definitely illustrate the significance and relevance of statistics in economics.
The economy is one of the most important aspects of our lives. Professionals in the financial sector frequently use it. However, economics without statistics is useless. We will offer statistics on economics with you in this blog. In economics, various statistics in economics are employed. You can reveal those economic information with the aid of this blog. But first, let's look at what statistics mean in the context of economics.
The quantification of data is handled by statistics. The qualitative data that is used in the data collection was represented using a variety of figures. The methodology used to deal with data collection, tabulation, classification, and presentation is known as statistics in economics.
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Which of the following are more likely to happen if you have bad credit? Check all that apply.
being denied a mortgage
being denied an unsecured credit card
having to pay higher interest rates on loans
getting a great interest rate on a car loan
having a strategy for dealing with a financial emergency
Answers
Answer:
being denied a mortgage. being denied an unsecured credit card. having to pay higher interest rates than loans
If you have bad credit the individual will be:
Being denied a mortgage.Being denied an unsecured credit card.Having to pay higher interest rates than loansThus, option 1, 2, and 3 is correct.
What is credit?"Credit" has numerous implications in the monetary world, yet it most usually alludes to a legally binding understanding wherein a borrower gets an amount of cash or something different of worth and focuses on reimbursing the bank sometime in the future, normally with a premium.
Banks utilize your rating to survey how dependable you are with credit and decide how hazardous it very well may be to advance your cash. On the off chance that you don't have a sufficiently high score or you have slanderous imprints on your credit report, loan specialists could deny your home loan.
Therefore, option 1, 2, and 3 is correct.
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In what ways would the employee benefit from updating a job
description?
How would the organization benefit?
Answers
Updating a job description can provide several benefits for both the employee and the organization.
Benefits for the Employee:
1. Clear expectations: An updated job description helps employees understand their roles and responsibilities more accurately. It provides clarity about what is expected of them, the tasks they need to perform, and the skills and qualifications required. This clarity allows employees to align their efforts and focus on key areas, leading to improved job performance.
2. Professional development: A revised job description may include additional responsibilities, tasks, or skills that were not part of the previous description. This can create opportunities for employees to expand their knowledge and skill set, take on new challenges, and develop professionally. By updating the job description, employees can identify areas for growth and proactively pursue training or development opportunities to enhance their career prospects.
3. Performance evaluation: A well-defined job description serves as a basis for performance evaluations. By updating the job description, employees and supervisors can ensure that performance assessments align with the current expectations and responsibilities of the role. This allows for fair and accurate evaluations that focus on relevant performance indicators.
Benefits for the Organization:
1. Improved recruitment and hiring: An updated job description helps attract candidates who possess the required skills and qualifications for the role. It ensures that job advertisement accurately reflect the responsibilities and expectations of the position, resulting in a more targeted applicant pool. This leads to more effective recruitment and hiring processes, saving time and resources for the organization.
2. Enhanced employee engagement and retention: A clear and updated job description helps employees understand how their role contributes to the organization's goals. It provides a sense of purpose and direction, which can improve employee engagement and job satisfaction. When employees have a clear understanding of their responsibilities and feel their work is meaningful, they are more likely to be motivated, productive, and committed to the organization, leading to higher retention rates.
3. Effective resource allocation: An updated job description ensures that tasks and responsibilities are accurately defined and allocated among employees. This clarity helps the organization identify any gaps or overlaps in roles and responsibilities, enabling better resource allocation and workflow management. It ensures that the right people are assigned to the right tasks, promoting efficiency and productivity.
4. Legal and compliance requirements: An updated job description helps the organization meet legal and compliance obligations. It ensures that job descriptions are in line with applicable labor laws, regulations, and industry standards. This helps protect the organization from potential legal issues and ensures fairness in employee compensation, benefits, and other employment practices.
Overall, updating a job description benefits both the employee and the organization by providing clarity, aligning expectations, supporting professional growth, improving performance evaluations, facilitating effective recruitment and retention, optimizing resource allocation, and ensuring legal compliance.
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Sampling is an appropriate strategy for which type of products?
Answers
Sampling is an appropriate strategy for consumer products
What is Sampling strategy about?Sampling involves giving free tests of a item to potential clients to permit them to undertake it some time recently making a obtaining choice.
This technique is commonly utilized for buyer items that are substantial and can be effectively conveyed in little amounts, such as nourishment and refreshments, makeup, individual care items, family things, and other comparative shopper products.
Generally, sampling is an viable promoting strategy for customer items because it empowers companies to specifically lock in with potential clients and illustrate the esteem and request of their items.
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HURRY IM TIMED. A BLANK
is capable of producing outcomes that surpass the scope and efficiency of many individual efforts
team
computer
temporary worker
none of the above
Answers
TEAM
Answer:
team
Explanation:
got it right on my quiz
Andrew owns stock in Hyren Airlines and as a result gets paid dividends worth $539.70 every year. If Andrew owns 105 shares of Hyren Airlines, how big is the dividend each share yields?
Answers
Answer:
$5.14 per share in dividends
Explanation:
Andrew owns stock in Hyren Airlines and as a result gets paid dividends worth $539.70 every year. If Andrew owns 105 shares of Hyren Airlines, how big is the dividend each share yields?
= total dividends per year / number of shares owned
= $539.70 / 105
= $5.14 per share in dividends
Answer in True or False :
Making a payment on an account would be journalized with a debit to Accounts Payable and credit to Cash
2)chose one of the following : By NOT accruing warranty​ expense:
A.reported expenses will be overstated and reported liabilities will be understated.
B.reported liabilities will be understated and net income will be overstated.
C.reported liabilities will be overstated and net income will be understated.
D.reported expenses will be understated and net income will be understated.
Answers
True: Making a payment on an account would be journalized with a debit to Accounts Payable and credit to Cash.
Answer: B) reported liabilities will be understated and net income will be overstated.
By not accruing warranty expense, reported liabilities will be understated because the company has an obligation to provide warranty service in the future, but it is not recognizing the associated expense. This understates the reported liabilities on the balance sheet. Additionally, net income will be overstated because the expense related to warranty service has not been recognized, resulting in higher reported income.
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Cash received prior to delivering a product or performing a service is called a(n) a.unearned asset. b.unearned revenue. c.unearned expense. d.unearned contra-asset.
Answers
The correct answer is b. unearned revenue.
Unearned revenue, also known as deferred revenue or advance payments, refers to the cash a company receives from its customers for goods or services that it has not yet delivered or performed. Unearned revenue is considered a liability on the company's balance sheet until the work is completed or the product is delivered, at which point it becomes revenue that can be recognized on the income statement.
Unearned revenue is commonly found in industries such as software and subscription-based services, where customers pay upfront for future access to products or services. It's essential for companies to properly account for unearned revenue to avoid overstating their revenue and profits in a given period.
When a company receives unearned revenue, it records it as a liability on its balance sheet and recognizes it as revenue on the income statement when the associated goods or services are provided. The amount of unearned revenue decreases over time as the company fulfills its obligations to its customers.
In summary, unearned revenue represents cash received by a company before it delivers a product or service to its customers, making it a liability on the company's balance sheet until the related revenue is recognized on the income statement.
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Membership in the Future Business Leaders of America (FBLA) has nearly limitless benefits, including scholarships.
True
False
Answers
Answer:
True.
Explanation:
I think this will be the answer.
When a government creates a budget, it is seeking a way to
Answers
Answer:
allocate money to programmes and projects.
Explanation:
A budget is an estimate or a proposed revenue and expenses for a financial period, usually one year. It shows how funds will be generated by the government to finance it's projects and programmes.
On a yearly basis, government sets out it's plan in a budget against the coming year. It is this plan that would guide it's action in the following year in terms of what and where to focus it's spending on.
Therefore, when a government creates a budget, it is seeking to allocate money to programmes and projects for the benefits of the citizenry.
Answer:
Answer: D.) Allocate money to programs and projects
Explanation:
i just took the test and got a 100 hope ya pass good luck
Write a 6 paragraph essay on the importance of economic growth
Answers
Answer:
*insert long essay*
Explanation:
a regulated natural monopoly that must set price equal to average cost will do what kind of profit?
Answers
A regulated natural monopoly that must set price equal to average cost will earn a normal profit.
In a natural monopoly, one firm is able to produce goods or services at a lower cost than multiple firms could. However, when the price is set equal to average cost, the monopoly is unable to earn a profit above what would be considered normal in a competitive market.
This is because the price is set at a level that covers the costs of production, but does not allow the monopoly to earn excess profits.
In conclusion, a regulated natural monopoly that must set price equal to average cost will earn a normal profit, but will not be able to earn an excess or above-normal profit.
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Match the examples with the types of goods.
To match them, click the example, and then click the type of good.
Unsought good
Omar buys a snack bag of chips that he noticed while
waiting in line at the store.
Joaquin pays for renters' insurance so that he will get
paid if his belongings are destroyed in an accident or
burglary
Convenience
impulse good
Jamie goes to the store to buy toothpaste.
Convenience
staple good
Wanda reads reviews of different video cameras to
decide what brand she wants, and then chooses the
store with the lowest price on that item.
Shopping good
Adriana only buys doughnuts from her favorite local
doughnut shop.
Specialty good
Answers
Answer:
Omar buys a snack pack of chips that he noticed while in line at the store - Convenience impulse good. Convenience impulse good are good which entices the consumer which leads to he making purchase without researching or thinking.
Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in accident or burglary - Unsought good. Unsought good are goods that the consumer has no prior knowledge on and usually purchased out of fear.
Jamie goes to the store to buy toothpaste - Convenience staple good. Convenience staple good are goods regularly consumed.
Wanda reads review of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item - Shopping good. Shopping good are goods purchased after consumer had compared its prices, quality in different store.
Adriana only buys doughnuts from her favorite local doughnut shop - Specialty good. Specialty good are goods which specific characteristics and benefit such that consumer has a reason for purchasing it.
which of the markets is the best example of monopolistic competition? the market for sugar snap peas the market for cola the fast food industry your town's utilities distributor(s) of electricity and water
Answers
The fast-food industry is the best example of monopolistic competition
What is a monopolistic competition?Monopolistic competition is a sort of market structure in which numerous businesses are present in a given sector and make comparable but distinctive goods. None of the businesses has a monopoly, and they all run their own businesses without taking into account what other businesses are doing. The way the market is set up results in a type of unfair competition.
Monopolistic competition has the following characteristics:
The existence of numerous businesses each business creates things that are comparable but different.
Companies do not accept prices.
Free admission and exit from the sector
Businesses compete on the basis of the goods' quality, cost, and marketing strategy
Hence, Companies engaged in monopolistic competition generate economic profits in the short term, but not over the long term.
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Why is it important to know how much time it takes me to do a job?
Answers
Answer:
It has lot of advantage.
Explanation:
So, basically if you know how much time you work it proves that you are mindful about everything and if you know the time you take to do the job depending on it you can ask a friend help depending on the circumstances.
Question 40 of 40
Product differentiation occurs most frequently in what part of the product life
cycle?
A. Introduction
B. Growth
C. Decline
D. Maturity
Answers
Product differentiation occurs most frequently in the D. maturity part of the product life cycle.
Maturity isn't a matter of age, but rather, of how you choose to respond and reply to colorful life situations. It's basically a position of internal development or wisdom that has a bearing on all areas of an existent's life, right from their conduct to their relationship with others. A mature person will take responsibility for his own conduct rather than condemn others. He'll take a far-sighted view of effects and act in a considered, rather than a robotic manner. Mature people are suitable to accept themselves for who they are; they exercise kindness indeed in the face of their failings. You can seek to ameliorate yourself and grow as an individual, but maturity allows you to take your present situation and all the once events that have led to it and make peace with them.
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What is the meaning of plan?
Answers
Explanation:
somali waa dowlad awood weyn
select the two characteristics of advertising. multiple select question. it is nonpersonal communication. it is a paid form of communication. it contains a customized message. it typically has an immediate feedback loop.
Answers
In marketing, the two characteristics of advertising includes:
It is a paid form of communication.It is nonpersonal communication.What is the benefit of advertising?Basically, an advertising refers to the techniques and practices used to bring products, services, opinions, or causes to public notice for the purpose of persuading the public to respond in a certain way toward what is advertised.
Most of the advertising technique involves promoting a good that is for sale, but similar methods are used to encourage people to drive safely, to support various charities or to vote for political candidates, among many other examples.
In most countries, an advertising is the most important source of income for the media (for example, newspapers, magazines, or television stations) through which it is conducted. In noncommunist world, an advertising has become a large and important service industry.
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MC Qu. 13-25 (Algo) Industries X and Y both have... Industries X and Y both have four-firm concentration ratios of 63 percent, but the Hertindahl Index for X is 1273, while that for Yis1197. These data suggest Multiple Choice greater market power in then in greater market power in the in both industries are monopolistically competitive that prke competitions onger in x than in Y
Answers
Industry X is less competitive, and the price competition in X will be longer than in Y. The firms in both industries are monopolistically competitive.
Four-firm concentration ratios (C4) and the Herfindahl-Hirschman Index (HHI) are tools for evaluating market concentration in microeconomics. C4 measures the combined market share of the four largest firms in a market. The HHI is calculated by summing the squares of the individual firms' market shares. It ranges from zero to 10,000, with higher scores indicating greater concentration. In this case, Industries X and Y have equal four-firm concentration ratios of 63%. However, the Hertindahl Index for Industry X is 1273, while that for Industry Y is 1197. This implies that Industry X has greater market power than Industry Y, despite their equal C4 ratios.
Market power refers to a firm's ability to manipulate prices and output in a market. Firms with higher market power can charge higher prices and reduce output to maximize their profits. A high HHI score indicates that the market is more concentrated, making it easier for firms to exercise market power. Therefore, Industry X is likely more concentrated than Industry Y, giving its firms greater market power.
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According to the law of supply what's the result of an increase in the supply of workers for a job if all other factors remain equal?
Answers
Answer:
According to the law of supply, an increase in the supply of workers for a job if all other factors remain equal means the company wants to be efficient and it is also proof that the company is making more profit which signals the demand for the commodities they produced as increased drastically.
Explanation:
The law of supply work in the dimension of price, the number of goods available in the market, and it is hugely affected by demand. Now, when the price of goods decreases, it makes production by producers decrease as well and staffs are also laid off to avoid profit loss by the producers. This changes when the price of commodity increases as it makes producers of the commodity have the capacity to employ more staff to maximize time and this also causes the producers to increase sales. However, the higher demand for a commodity would also increase the supply of that commodity.
Answer:
The wage rate for that job will be pushed down.
Explanation: I just took the test and got it right
2. What size of businesses (Small, Medium, Large Enterprises) usually uses Manual Systems, Computer Transaction Systems or, Database systems? Explain their reasons
Answers
Due to limited financial resources, a small staff, and a lack of technical expertise, small enterprises frequently use manual systems, such as paper-based record keeping and manual data entry.
For specialized tasks like sales, inventory management, and financial reporting, medium-sized enterprises may employ computerized transaction systems, such as point-of-sale (POS) systems.
Database systems, which are computerized systems made to manage and store massive volumes of data, are typically used by major businesses. Multiple users and applications can be supported by these systems, which also offer better data access and analysis capabilities as well as cutting-edge security and backup features.
In conclusion, the size, complexity, and resources of the firm will determine whether manual, computerized transaction, or database solutions are best.
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1. you are the owner of an automobile tire wholesaler. you agree to sell a container of tires for $10,000 to regional auto repair, inc. john, a new employee of regional auto repair, offers to pay you with a promissory note worth $40,000 from a business you have not heard of. john claims that he does not have time to enforce the note but assures you that it will be very easy for you to do so. john also inquires whether you would have further transactions by which he could pay you with similar promissory notes. evaluate whether or not you should accept the promissory note as payment for the tires, particularly in reference to being a holder in due course.
Answers
As the owner of an automobile tire wholesaler, you need to evaluate whether or not you should accept the promissory note from John as payment for the tires. To make this decision, let's consider the concept of being a holder in due course.
1. A holder in due course is a person who receives a negotiable instrument (like a promissory note) in good faith, for value, and without notice of any defects or claims against it. By meeting these requirements, the holder gains certain legal advantages and protections. 2. In this case, John is offering you a promissory note worth $40,000 from a business you have not heard of. It's important to note that the value of the promissory note exceeds the value of the tires, which is $10,000. This raises a red flag and may indicate a potential issue. 3. Additionally, John claims that he does not have time to enforce the note but assures you that it will be easy for you to do so. This statement seems suspicious and raises doubts about the legitimacy of the promissory note.
4. As the owner of the tire wholesaler, you should exercise caution and conduct due diligence before accepting the promissory note. It is crucial to gather more information about the business and verify the authenticity and credibility of the promissory note. 5. It is advisable to consult a legal professional who specializes in commercial transactions to guide you through the process. They can help you assess the risk involved and provide expert advice on whether accepting the promissory note would be a wise decision.
In conclusion, given the circumstances presented, it is recommended that you proceed with caution and seek legal advice before accepting the promissory note as payment for the tires. This will help protect your interests and ensure a smooth and secure transaction.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
If the price elasticity of supply is 0.75, then when the price of Good Y falls by 10 percent, the quantity supplied of Good Y:________.
A) rises by 7.5 percent.
B) rises by 133 percent.
C) falls by 7.5 percent.
D) falls by 133 percent.
Answers
a financial plan is most influenced by
Answers
Answer: priorities and goals
Explanation: because
The financial plan is most influenced by priorities and goals Option(b) is correct.
What does Financial Plan means?Overall utilization, a financial plan is a complete assessment of a singular's ongoing compensation and future financial state by utilizing current known factors to foresee future pay, resource values and withdrawal plans.
In business, a financial plan can allude to the three essential financial assertions monetary record, pay explanation, and income proclamation) made inside a field-tested strategy. Financial estimate or financial plan can likewise allude to a yearly projection of pay and costs for an organization, division, or division.
A financial plan can likewise be an assessment of money needs and a choice on the most proficient method to raise the money, like through getting or giving extra offers in an organization A financial plan might contain forthcoming financial explanations, which are comparative, however unique, than a financial plan. Financial plans are the whole financial bookkeeping outline of an organization. Complete financial plans contain all periods and exchange types.
Therefore Option(b) is correct.
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⚠︎IF SOMEONE SHARES A LINK DO NOT GO TO IT! IT WILL DOWNLOAD A VIRUS!⚠︎
ok have a good day ❀
Answers
Answer:
tank us.
Explanation:
An expedition company headquartered in Bekasi wants to expand
its business in Sumatra, Central Java and Kalimantan and will place
3 operational personnel
to manage trucks in each of these areas (Upin,
Answers
The primary objective of the expansion is to tap into the vast, untapped potential of these regions and expand the company's business reach to these areas.In Sumatra, the company can leverage the excellent road network and logistics support, which will make it easy to transport goods from one region to another.
The region is blessed with abundant natural resources such as oil and gas, rubber, timber, palm oil, and coal, which provide an ideal opportunity for the company to expand its business. Similarly, Central Java offers a lot of potential with its excellent infrastructure, including an efficient road network and good rail connections. With these in place, the company can take advantage of the region's rich agricultural resources, tourism potential, and develop a logistics hub for goods moving between Sumatra and Kalimantan.Kalimantan is another excellent opportunity for the company. The region is home to a large number of mining and natural resources companies, and there is an enormous demand for logistics support.
By expanding its business to these regions, the company can increase its customer base, improve its operational efficiencies, and take advantage of the growth opportunities offered by these regions.
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