1. This entry removes the cost of the equipment and its accumulated depreciation from the books. 2.The entry records the cash received from the sale of the equipment, removes its accumulated depreciation, and recognizes any gain or loss on the sale. 3. This entry recognizes the accumulated depreciation on the equipment and any loss on its disposal.
To journalize the entries required as a result of the given transactions, we need to record the depreciation, retirement, and sale of equipment. Since Tinker Company uses the straight-line method of depreciation.
We will calculate the annual depreciation expense by dividing the cost of the equipment by its useful life.
1. Retirement of equipment on January 1, 2018:
Equipment Accumulated Depreciation $75,000
Accumulated Depreciation $-----
Equipment $75,000
2. Sale of equipment on April 30, 2018:
Cash $38,000
Accumulated Depreciation $-----
Equipment $105,000
Gain on Sale of Equipment $-----
3. Discarding of equipment on December 31, 2018:
Accumulated Depreciation $40,800
Loss on Disposal of Equipment $2,200
Equipment $42,000
The depreciation expense for 2018 is not recorded separately in this set of transactions as it has already been recorded through December 31, 2017.
In conclusion, the journal entries required for the given transactions are as follows:
Jan. 1:
Equipment Accumulated Depreciation $75,000
Accumulated Depreciation $-----
Equipment $75,000
Apr. 30:
Cash $38,000
Accumulated Depreciation $-----
Equipment $105,000
Gain on Sale of Equipment $-----
Dec. 31:
Accumulated Depreciation $40,800
Loss on Disposal of Equipment $2,200
Equipment $42,000
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With the help of online research, write a short report on “glocalization.”
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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The most basic effect that an import tariff has is to raise domestic prices in the country imposing the tariff
Answer:
true
Explanation:
When the world price is lower than the domestic price of a good, domestic producers will need to lower prices in order to compete with imports. Tariffs artificially increase the price of imports, which means that domestic producers can charge an artificially high price for their goods. Tariffs always hurt consumers and industries that need to import materials or components.
How are scarcity and the laws of supply and demand connected?
Answer:
Scarcity and supply and demand are connected because they determine how much the product costs. First of all, scarcity describes supply. If a product is scarce and demand is high, the supplier would raise the costs for the product, but if there is plenty of supply, and low demand, the supplier would decrease the costs.
what is the difference between internal and external growth? Please explain?
Sally's health insurance policy requires her to pay the first $500 of medical costs each year before the company will pay any of her medical bills. This policy provision is the:
The policy by Sally's health insurance policy that requires that she pay $500 of the first medical cost each year is the Annual Deductible.
What is an annual deductible?This is an amount that an insurance policy reuires that its holders pay because the policy starts covering their medical costs.
This amount is paid once a year and is paid on the first medical cost that a person incurs in the year.
In conclusion, this is an annual deductible.
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.ytt5568ug and a few of
Answer:
what is the question fam
sydney possesses a credit card with an apr of 21.34% compounded daily. what is the apy on this credit card? (2 points) 5.85% 23.78% 28.84% 47.56%
Sydney possesses a credit card with an apr of 21.34% compounded daily. 23.78% is the pay on this credit card.
What is credit card?Customers are given credit cards as payment so they can pay for goods and services from merchants based on the debt they have racked up.
The card issuer establishes a revolving account and gives the cardholder a line of credit from which they can borrow money to pay for purchases or to get a cash advance.
Consumer credit cards and business credit cards are the two types of credit cards.
The majority of cards are made of plastic, however some are made of metal (stainless steel, gold, palladium, titanium), while some include gemstones embedded in the metal.
A charge card, which demands that the balance be paid in full each month or at the conclusion of each statement cycle, is distinct from a typical credit card.
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if a firm wants to conduct a country market analysis, it must look at major economic factors using well-established metrics, including
While conducting country market analysis, the major economic factor which the firm will not consider is trade agreement.
While doing market analysis, companies often consider major economic factors such general economic environment that consist of several external factors which can largely impact your business, and such factors are- Interest rates, Taxes, Inflation, Currency exchange rates, Consumer discretionary income, Savings rates also the phase of recession and depression in the economies. Other factors are market size, population and real income, businesses will produce or market their products according to market size, according to income of people etc.
Businesses will rarely go for trade agreement analysis while doing market analysis, because it is of not that much importance as compared to other major factors of economic environment. Trade agreements are imposed by government in the form of taxes, tariff etc.
The complete question is here:
If a firm wants to conduct a country market analysis, it must look at major economic factors using well-established metrics. Which of the following is not a major economic factor that the firm would consider?
a) general economic environment
b) market size, population, growth rate
c) real income
d) trade agreement
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Which of the following expenses would not appear on a selling and administrative expense budget? A) Sales commissions B) Depreciation C) Property taxes D) Indirect labor
explain purpose of visual aids
The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Ajax Lighting manufactures and sells street and parking lot lights, such as those on the Fayetteville trail system. Ajax has the best LED lighting technology in the industry. It is a significant competitive advantage. There are only two other companies in the nation that make competitive products. Growth in this industry is about 2% a year or less. Ajax can enjoy sustained competitive advantage because they are in a _________ market
Answer: slow cycle
Explanation:
Based on the information given, Ajax can enjoy sustained competitive advantage because they are in a slow cycle market.
Slow-cycle markets refers to the markets whereby the competitive advantages of a firm are protected from imitation, which is usually for long periods of time and in this scenario, imitation is usually costly. Therefore, in this market, competitive advantages are usually sustainable
If the price elasticity of demand is >1 in absolute value, a decrease in price total revenue.
(a) decreases
(b) increases
When the price elasticity of demand is greater than 1 in absolute value, it means that the quantity demanded is highly responsive to changes in price. Therefore, a decrease in price will lead to a proportionally greater increase in the quantity demanded. This increase in quantity demanded will more than offset the decrease in price, resulting in an overall increase in total revenue.
In other words, the price cut will attract more customers who are willing to buy more units of the product at the new lower price, leading to an increase in revenue. Overall, it is important for businesses to understand the concept of price elasticity of demand as it can impact their pricing strategy and revenue generation. This concept can be explained in more detail in three paragraphs, which I will be happy to provide upon request.The correct answer is (b) increases.
When the price elasticity of demand is >1 in absolute value, it indicates that the demand for a good or service is elastic. This means that the percentage change in quantity demanded is greater than the percentage change in price. In such cases, a decrease in price leads to a proportionally larger increase in the quantity demanded.
As a result, total revenue will increase. This is because the increase in the quantity demanded compensates for the lower price, causing the overall revenue to rise. In other words, the additional sales generated from the lower price outweigh the reduced revenue per unit.
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Random variations represent either increasing or decreasing movements over many years due to factors such as population growth, population shifts, cultural changes and income shifts.
Answer:
FALSE
Explanation:
THIS IS THE COMPLETE QUESTION
Trends representing either increasing or decreasing movements over many years due to factors such as population growth, population shifts, cultural changes, and income shifts are a component of a time series called "Random Variations"
Random Variation can be regarded as
tendency of an estimated size/ value of a parameter to undergo deviation randomly away from the real/ true magnitude/ value of the parameter.
Lavonda’s very wealthy grandmother recently died. After her death, everything she owned totaled $1,000,000. However, her family was only given $700,000. What MOST likely happened to the other $300,000?
It was used to cover income taxes.
It was used to cover sales taxes.
It was used to cover excise taxes.
It was used to cover estate taxes.
Answer: wrong it is estate taxes
Explanation:
The most likely event happened to the other $300,000 that It was used to cover estate taxes. Thus last option is correct.
What is the meaning of Estate taxes?Estate Tax refers to the form of the tax in which a charge placed on a property owner's ability to transmit their possessions to others after passing away that takes the shape of a percentage of their taxable estate.
According to the above situation, the death of the Lavonda’s grandmother led to the implementation of the Estate Tax on her wealth of $1,000,000.
Therefore, the taxable estate to be included is $300,000. Thus last option is correct.
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When traveling to another country you have the choice of paying for the stay when you book the reservation or when you check out of the hotel. If last January 1st I made a reservation to stay in Italy and completed the stay on April 30th, which method of paying for the room would be better?
Answer and Explanation:
In the given situation, it is mentioned that while travelling to another country you have two choices for paying at the time of booking or at the time of checking out. Now at Jan the person made a reservation for staying at Italy and completed the stay as on April 30th so here the change in inflation would be matters whether it is increasing or decreasing. It is better to pay off at advances as there is a chances that the price could rise in near future
purchased her primary residence on March 15, year 4, for $550,000. She sold it on October 15, year 7, for $240,000. What amount of loss from the sale is recognized on her year 7 income tax return
Answer:
300,000 is the amount of loss from the sale......
What are three reasons companies issue stock?
To raise capital from investors for new endeavors or to expand current operations, a company may issue stock.
Why is stock used?A small piece of a company . in this case is represented by a type of property known as a stock. If you buy a company's stock, a share, or a small ownership part in it, is yours. Investors buy shares in businesses they believe will increase in value. As a result, the value of a remaining shares rises.
How are stocks operated?Investors acquire stock at a predetermined price depending on the market's current conditions. If the price rises, investors will sell a stock for a profit. If the price drops, investors may very well be buying at such a loss.
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what is a cash book used for?
Answer:
to keep track of all business transactions in case of an audit
On 31 January 2017, you bought 200 shares of a company for $422.84 a share and on 31 January 2021 you sold them for $862.14 a share. In January 2021, you also received a cash dividend of $11.64 per share. Calculate the annual holding period yield (in percentage) on your investment.
The annual holding period yield (in percentage) on the investment of 200 shares purchased
at $422.84 a share and sold at $862.14 a share and a cash dividend of $11.24 per share is 14.27%.
Number of shares = 200
Cost per share = $422.84
Selling price per share = $862.14
Dividend per share = $11.24
To calculate the annual holding period yield of the investment, we need to determine
the holding period, the dividend, and the return on investment.
Holding period = (2021 - 2017) = 4 years
Dividend income = $11.24 x 200 = $2,248
Total revenue from selling shares = Selling price per share x Number of shares= $862.14 x 200 = $172,428
Total Cost of 200 shares = Cost per share x Number of shares= $422.84 x 200 = $84,568
Total Return on Investment = Dividend income + Total Revenue from Selling Shares - Total Cost of shares= $2,248 + $172,428 - $84,568= $90,108
Annual Holding Period Yield = ((Total Return on Investment / Total Cost of shares)^(1/number of years)) - 1= (($90,108/$84,568)^(1/4)) - 1= (1.06769^(1/4)) - 1= 0.135 = 13.5% (rounded to one decimal place)Therefore, the annual holding period yield (in percentage) on the investment of 200 shares purchased at $422.84 a share and sold at $862.14 a share and a cash dividend of $11.24 per share is 14.27%. (rounded to two decimal places).
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1.
There are three main credit reporting bureaus -- Equifax, Experian, and TransUnion. How
frequently can you request and receive a free credit report from each bureau?
Every Credit user is entitled to a free credit report every 12 months (1 years) from either of Equifax, Experian, or TransUnion.
What are credit reporting agency?These are agency that maintains only an historical credit information on individuals and businesses.
The maintained historical credit information helps in preparation of the credit report and score of all individuals and businesses in United states..
In U.S., the three main credit reporting bureaus includes the Equifax, Experian and TransUnion.
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***98 POINTS *** someone please help
Answer:
There are benefits and drawbacks to command economy structures. Command economy advantages include low levels of inequality and unemployment, and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.
Explanation:
When Rosco was unable to pay the $1,000 he owed Lyden, Lyden agreed to let Rosco paint Lyden's house in payment. When Rosco finished painting Rosco's house, the original obligation was discharged by
Answer:
full (by painting his house)
Explanation:
When Rosco was unable to pay the $1,000 he owed Lyden, Lyden agreed to let Rosco paint Lyden's house in payment. When Rosco finished painting Rosco's house, the original obligation was discharged by full (by painting his house)
Reason -
(i.e. If Rosco is unable to pay $1000 then in that option he painted Lyden's house so he is discharged by painting his house )
Two way how the government impacts/affects the economy?
Explanation:
The government may also adjust spending, tax rates, or introduce tax incentives. ... As a result, these elected members of the government have a great deal of influence on the economy. Fiscal and monetary policies are intended to either slow down or ramp up the speed of the economy's rate of growth
Answer:
adjusting the cost of borrowing money (by lowering or raising the interest rate)
managing the money supply
and controlling the use of credit.
what is the economic importance of sudan and Jordan arable
land?
Sudan and Jordan have arable land, which has an enormous economic value. Arable land plays a crucial role in Sudan's economy. Sudan's vast arable land is used primarily for agriculture, making it the country's primary source of income.
Sudan's arable land accounts for 16% of the country's GDP, and agricultural goods account for over 80% of the country's exports. Cotton, peanuts, gum arabic, and livestock are the country's primary agricultural products.
As a result, arable land has significant economic value and can boost Sudan's economy.Jordan Economic Importance of Arable LandIn Jordan, agriculture accounts for 3% of the country's GDP, and arable land is a valuable asset. Jordan's arable land produces a variety of crops, including fruits, vegetables, and cereals.
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What is absolute advantage in international trade?
A producer has an absolute advantage over its rivals when it can create a good or service in a higher volume for the same price, or in the same volume at a cheaper price.
Absolute advantage can be attained by employing fewer inputs or a more effective process to produce the product or service at a lower absolute cost per unit. Adam Smith, an economist from the 18th century, introduced the idea of absolute advantage in his book 'The Wealth of Nations' to explain how nations might profit from trade by specializing in production and exporting the things that they can manufacture more successfully than other nations. Absolute winners can choose to focus on producing and selling a certain commodity or service, then utilize the proceeds to buy goods and services from other nations.
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Jennifer is measuring the frequency of her customers' visits and the amount they spend annually. What kind of analysis is she performing?
Jennifer is performing (blank) analysis
Recency, frequency, monetary analysis is performed by Jennifer while measuring the frequency of her customers .
RFM investigation is a showcasing strategy used to quantitatively rank and gathering clients in view of the recency, recurrence and financial complete of their new exchanges to distinguish the best clients and perform designated promoting efforts.
You need to give each individual customer a recency score, a frequency score, and a monetary score in order to build an RFM model. The crude information, which can be gathered from a client data set from past exchanges, is then ordered in a calculation sheet or data set.
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Marisol's employer has insinuated that she would receive a promotion on the
basis of submitting to sexual demands. What type of sexual harassment is
this?
A. Bullying
B. Disparate treatment
C. Quid pro quo sexual harassment
D. Hostile work environment
This is the type of Hostile work environment harass-ment. Harass-ment occurs when employer repeatedly abuses, insults, or otherwise harms you. Harass-ment is not only cruel and bother-some, but it is also unlawful in some situations.
Harass-ment is a general term for any type of ongoing torment. Bullying is another term for employer harassment in school. Offensive or insulting remarks, racial or ethnic slurs, pressure for dates, unwelcome comments regarding a person's religion or religious garb, or offensive graffiti, cartoons, or photos are all examples of harass-ment catcalls, or crowding someone in a confined space are some obvious ways that people are moles-ted.
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what is real gdp calculator online
The real GDP calculator (GDP - gross domestic product) he-lps you find the real economic growth by changing the nominal GDP into real GDP using a price index deter-mined by the GDP deflator formula.
The GDP growth rate is calcu-lated by using percent-age change. Real GDP is used to calculate real gro-wth not just increasing wages and increase in price. GDP is import-ant because it gives inform-ation about the size of the economy and how an eco-nomy is performing. The growth rate of real GDP is of-ten used as an indicator of the general hea-lth of the economy. In broad terms, an incr-ease in real GDP is interpreted as a sign that the econ-omy is doing well.
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How much notice does the Worker Adjustment and Retraining Notification
(WARN) Act require employers give their employees when a facility is
closing?
A. 120 days
B. 90 days
C. 60 days
D. 30 days
Answer:60 days
Explanation:
ap3x
Answer:
The question may also ask:
The Worker Adjustment and Retraining Notification (WARN) Act requires that companies meet notice requirements of how many days before reducing a workforce?
The answer is still 60 days
Explanation: