Answer:
Merkley Company
a. Journal Entries:
January 1:
Debit Disposal of Machines $39,000
Credit Machine A $39,000
To transfer machine A to the Disposal of Machines account.
Debit Accumulated Depreciation $24,000
Credit Disposal of Machines $24,000
To transfer the accumulated depreciation of machine A to the Disposal of Machines account.
Debit Cash Account $14,500
Credit Disposal of Machines $14,500
To record the proceeds from disposal of machine A.
Debit Loss on Disposal of Assets $500
Credit Disposal of Machines $500
To record loss incurred on disposal of machine A.
b. December 31:
Debit Disposal of Machines $53,000
Credit Machine B $53,000
To transfer machine B to the Disposal of Machines account.
Debit Accumulated Depreciation $36,750
Credit Disposal of Machines $36,750
To transfer the accumulated depreciation of machine B to the Disposal of Machines account.
Debit Depreciation Expense $6,125
Credit Disposal of Machines $6,125
To record the depreciation expense for the year.
Debit Cash Account $2,300
Debit Notes Receivable $8,425
Credit Disposal of Machines $10,725
To record the proceeds from disposal of machine B.
Debit Disposal of Machines $600
Credit Gain from Disposal of Machines $600
To record gain from the disposal of machine B.
c. January 1:
Debit Disposal of Machines $76,900
Credit Machine C $76,900
To transfer machine C to the Disposal of Machines account.
Debit Accumulated Depreciation $50,612
Credit Disposal of Machines $50,612
To transfer the accumulated depreciation of machine C to the Disposal of Machines account.
Debit Loss on Disposal of Assets $26,288
Credit Disposal of Machines $26,288
To record loss incurred on disposal of machine C.
Explanation:
a) Data and Calculations:
Asset Original Residual Estimated Accumulated Book
Cost Value Life Depreciation Balance
Straight-line
Machine A $ 39,000 $ 3,000 6 years $ 24,000 (4 years) $15,000
Machine B 53,000 4,000 8 years 36,750 (6 years) $16,250
Machine C 76,900 5,200 17 years 50,612 (12 years) $26,288
b) Machine B recorded a gain on disposal because it was sold on December 31 of the current year. Thus the last year's depreciation expense must be provided. This automatically turned the difference between net book value and disposal proceeds into a disposal gain.
17-1: Many multinational and global companies use ethnocentric staffing in their operations abroad. Why do you think a company might prefer to have someone from home country in top management positions? If you were hired as a consultant, would you recommend that a multinational or global business change its policy? Explain.
17-2: Culture shock is commonly experienced by people living in an unfamiliar culture. Yet not all people experience it, and not all people feel its effects in the same way nor to the same extent. Some experts advise psychological testing to determine one's likelihood of handling such an adjustment. What psychological attributes do you suppose are advantageous in this situation? What sort of training do you think could help someone adapt more easily to a new culture? Explain.
Many multinational and global companies use ethnocentric staffing in their operations abroad for reasons such as cultural familiarity, language similarity. psychological attributes that are beneficial in adapting are flexibility, desire to learn more and accept others openly.
In addition to encouraging consistency in management procedures, an ethnocentric staffing policy may also make communication and decision making easier. However, such a policy might also restrict diversity and make it more difficult for the business to respond to local market circumstances or capitalize on local talent. If appointed as a consultant I would suggest multinational companies to adopt a more geocentric staffing strategy that promotes diversity and inclusion while striking a balance between local and global perspectives.
The psychological qualities of openness to new experiences, flexibility, empathy, and resilience are helpful in adjusting to a new culture. These characteristics increase a person propensity to be receptive to new ideas, adaptable to novel circumstances and equipped to deal with the difficulties of integrating into a foreign culture. Intercultural communication classes and language and cultural immersion programs are all types of training that could make it easier for someone to adapt to a new culture.
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The process of allocating funds to projects and investments includes the following:
A. Analysis
B. Selection
C. Monitoring
D. Evaluating performance
Analyze or explain any three of the above.
The process of allocating funds to projects and investments involves several important steps, including analysis, selection, and monitoring. By following these steps, organizations can make informed decisions about where to invest their resources and ensure that their investments are delivering the expected returns.
The process of allocating funds to projects and investments involves several important steps, including analysis, selection, monitoring, and evaluating performance. Here are explanations of three of these steps:
Analysis: This step involves gathering and analyzing information about potential projects and investments to determine whether they are financially viable and aligned with the organization's goals and objectives. This includes conducting market research, analyzing financial statements and projections, assessing risks, and identifying potential barriers to success. The analysis phase helps decision-makers to make informed choices about which projects and investments to pursue.
Selection: Once potential projects and investments have been analyzed, the next step is to select the most promising ones. This involves using the information gathered during the analysis phase to compare options and choose the projects and investments that are most likely to provide the greatest returns on investment. The selection process may involve developing criteria for evaluating potential options, ranking them based on their financial potential, and weighing the costs and benefits of each option.
Monitoring: Once projects and investments have been selected and funded, it is important to monitor their progress and performance over time. This involves regularly reviewing financial and operational data to identify any potential issues or risks, and taking action to address them. Monitoring can help decision-makers to stay informed about the status of their investments, identify opportunities for improvement, and make adjustments to their funding strategies as needed.
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Which of the following principles underlies the interaction of individual choices? a Marginal analysis is used for "how much" decisions. b People usually exploit opportunities to make themselves better off. c Resources are scarce. d There are gains from trade.
Answer:
d There are gains from trade.
Explanation:
A trade can be defined as the process that typically involves the buying and selling of goods and services between a buyer (consumer) and a seller (producer).
Thus, trade creates an enabling environment that suits a specific service provider or producer of a particular product.
Basically, the interaction of individual choices underlies the fact that there are gains from trade.
This ultimately implies that, as a result of the difference between human needs and wants, there is always an opportunity for various producers to manufacture goods and services to meet the needs or requirements of these customers.
Which of the global PR strategies does the Coca-Cola website use
your discussion with examples from the website.
Coca- Cola uses a combination of global PR strategies on its website. The company has historically employed the standardization approach.
Presenting a harmonious brand communication and image across all requests. Coca- Cola also adapts its communication to specific original requests following the localisation strategy. On its website, Coca- Cola features elevations, events, and marketing campaigns that appeal to indigenous requests while still adhering to the company's core values. also, Coca- Cola recognises artistic differences, employing across-cultural strategy in its global communication.
By exercising these approaches, Coca- Cola can maintain a consistent brand identity while connecting with different consumers across various requests.
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Planning to finance higher education helps people prepare for their financial future because it teaches them about.......
a.) funds management and loans
b.) their educational options
c.) the real world
d.) meeting short term goals
NEED HELP ASAP
In the circular flow diagram with government, what does the government provide directly to firms?
A. expenditures
B. factors of production
C. taxes
D. goods and services
In the circular flow diagram, the government provides goods and services directly to firms. The correct option is D.
In the circular flow diagram, the government provides goods and services directly to firms. This is represented by the flow of resources from the government sector to the business sector.
The government plays a significant role in the economy by providing public goods and services that are necessary for the functioning of the society as a whole.
Public goods include infrastructure projects like roads, bridges, and public utilities, as well as services such as defense, law enforcement, and education.
These goods and services are not typically provided by private firms, so the government steps in to ensure their provision.
By supplying goods and services directly to firms, the government facilitates the production process and supports the overall functioning of the economy.
This enables businesses to operate efficiently and effectively, contributing to economic growth and development.
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Maria works for a startup tech company as an accountant. Her supervisor needs to know how much money is being spent on computers and software to prepare the company budget for the following year. The supervisor asks Maria to research and share this information with the team. Which type of document is best suited for Maria to share her research?
The best type of document for Maria to share her research on the amount of money spent on computers and software would be a financial report.
A financial report is a document that provides an overview of a company's financial performance and includes information on its expenses, revenues, and profits. It is a comprehensive document that provides an in-depth analysis of the company's financial health, and it is commonly used to inform decision-making and planning. In this case, Maria can create a financial report that details the amount of money spent on computers and software over a specific period. She can include a breakdown of the expenses, such as the cost of hardware, software licenses, maintenance, and upgrades. Additionally, Maria can provide a comparison of the expenses from previous years, and she can explain any significant changes in the cost of these items. A financial report will enable Maria's supervisor to make informed decisions about the company's budget for the following year. The report will provide insights into the company's financial health and help identify areas where cost savings can be made. Ultimately, the financial report will be a valuable tool for the entire team in making strategic decisions about the company's finances.
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Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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Describe why the facility should have an inventory
list of equipment.
so people don't buy the same things again & again
to see
whats in stock
where they are displayed
how many they have
keep track of inventory
plan for restocking
know which items are running low
asset value for accounting or financial purposes.
Overall, an inventory list of equipment is a fundamental tool for facility management, providing comprehensive oversight, efficient maintenance planning, cost control, compliance adherence, emergency preparedness, and facilitating decision-making processes. It streamlines operations, enhances asset management, and contributes to the overall productivity and functionality of a facility.
Keeping Track: An inventory list helps facility managers know what equipment they have and where it is located.
Taking Care: The list helps plan when to fix or maintain equipment so it stays in good condition.
Saving Money: By knowing what equipment they have, managers can avoid buying things they don't need and spend money wisely.
Following Rules: Some facilities have rules to follow, and the inventory list helps managers keep track of important things like safety checks and paperwork.
Being Ready for Emergencies: The inventory list helps managers know which equipment is important during emergencies like fires or storms.
Planning and Buying: The inventory list helps managers decide what new equipment to buy and make a budget.
Talking to Insurance and Money People: The inventory list helps when talking to insurance or money people because it shows what equipment the facility has and how much it's worth.
provides information about the administrative and clinical machines in the facility.
gives you more control over your business' assets.
equipments inventory list provides information about the administrative and clinical machines in the facility. This information is used by the provider, supervisor, and/or accountant for future planning and tax paperwork
design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
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A band wants to know what their most popular CD is so that they can have more copies made to sell. Which statistical measurement is the band most likely to use?
mean
mode
median
average
Answer:
B:mode
Explanation:
got it right
Answer:
its mode
Explanation:
they were right...should give me brainliest
Molly is leading a team who will be establishing new billing structure for the company's customers. At the first meeting she sets the goals for the team and helps them solidify a vision. What role is she playing on this team?
Question 9 options:
caretaker
taskmaster
proceduralist
director
Molly is leading a team who will be establishing a new billing structure for the company's customers. At the first meeting, she sets the goals for the team and helps them solidify a vision. The role she is playing on this team is that of a caretaker Option A
Who is a caretaker?Generally, janitor. noun. a person, most often seen in the United States, whose duty it is to maintain a public facility such as a hospital or school. The typical term used in British English is "caretaker." 4
one who provides care and support, either physically or emotionally. acted as a caretaker for the younger children; a caretaker is someone who tends to the home or property of an owner who is gone for an extended period of time. 3. a person who temporarily assumes the responsibilities of an office.
Molly is in charge of a group that is tasked with developing a new billing system that will be used for the company's clients. She takes the team through a visioning process and helps them establish their objectives on the very first meeting. Option A: She is mostly functioning as a caretaker for the team she is currently on.
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Design Thinking is the discipline of developing solutions to create significant
value for clients by keeping end user experience at its core.
True or False?
On May 3, what is the balance of the Equipment Office account? A. Debit $5,090 C. Debut $4,400 B. Debit $690 D. Credit $5.090
Based on the balance on the account and the amount purchased, the balance on the Equipment office account was A. Debit $5,090.
The opening balance for the Equipment office account was $4,400 on May 1.
The store then purchased a calculator for the office on May 1 for $690. This will increase the Equipment office account by the same amount.
The balance would therefore be:
= 4,400 + 690
= $5,090
This balance would be a debit as this is an asset.
In conclusion, option A is correct.
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Carley is balancing her checkbook. She has written several checks on her account that do not show as being paid on her bank statement. Based on this information, which of the following will she need to remember to include when reconciling her account?
A.
Only deposits showing on her bank statement
B.
Outstanding withdrawals
C.
Outstanding deposits
D.
Only withdrawals showing on her bank statement
Joey has opened a restaurant. He paid a large amount of money up front to get the business started. He only sells products that are licensed by someone else. What type of business opportunity is Joey a part of?
Question 9 options:
1: Franchise
2: Dealership
3: Licensing
4: Network marketing
Answer:
Franchise
Explanation:
The answer is FRANCHISE
>
Which statement represents the data leveraged for solutions?
O Data is highly trusted, and employees have high rates of data literacy.
O Organizations typically have enough data to support all desired Al efforts.
O
O
Quality data is often trapped in silos, and not accessible across client
functions.
Companies are usually agile enough to analyze data quickly and without
error.
OI don't know this yet.
Submit answer
The data leveraged for solutions Option b is the correct answer. Organizations typically have enough data to support all desired Al efforts.
What is Data leveraged for solutions?
You may reach out to your consumers and develop deep relationships with your top prospects by utilising big data solutions. You need to make sure that the information about your clients is secure in order to do so in a way that enhances rather than detracts from your brand.When data is leveraged to improve the customer experience, company benefits. However, one successful cyberattack or data breach might ruin the company's reputation. Create a strategy for how customer data will be handled and stored securely, not only to go with industry rules but also to treat consumers and their information with respect and ethical conduct Systems should undergo a comprehensive information security audit, and any weak places should be strengthened. Cyberattacks are becoming more sophisticated and are now aimed at systems like internet phones and distant offices.To know more about data leveraged for solutions visit:
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Find a recent news article displaying an employee getting in trouble for lack of integrity
Answer:
boerdddddddd
Explanation:
In a recent article in the newspaper, a research employee in a small scale business caught in a trouble because he made a wrong decision regarding the launch of a new product.
What is a business?
A business can be referred to as an organization or enterprising entity that engages in professional, commercial or industrial activities. There are different types of businesses like sole proprietorships, partnerships, corporations, and more.
The businesses are basically work for profit motive. Businesses can be small-scale or large-scale. Some of the biggest businesses in the world are Amazon and Walmart.
There are different types of partners in a business. The persons who owns the shares of the company is known as shareholder. The partner who can lose only what he or she has invested in a business is the general manager.
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According to House’s revised path-goal theory, a leader’s style should vary depending on
a. leader-member relations and environmental factors.
b. employee characteristics and organizational readiness.
c. leadership effectiveness and situational control.
d. employee characteristics and environmental factors.
According to House’s revised path-goal theory, the style of a leader varies depending on D. employee characteristics and environmental factors.
The path-goal theory posits that the behavior of a leader is contingent on the motivation, performance, and satisfaction of their workers.
According to House’s revised path-goal theory, a leader’s style should vary depending on employee characteristics and environmental factors.
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what is marketing shortly
Von Bora Corporation is expected pay a dividend of $1.40 per share at the end of this year and a $1.50 per share at the end of the second year. You expect Von Bora's stock price to be $25.00 at the end of two years. Von Bora's equity cost of capital is 10%. The price you would be willing to pay today for a share of Von Bora stock, if you plan to hold the stock for two years is closest to:
Answer:
Price of share today = $23.17
Explanation:
The value of a stock using the dividend valuation model, is the present value of the expected cash inflows discounted at the required rate of return. The required rate of return is the cost of equity.
The cost of equity is 10% in this scenario
The price of the share will be determined as follows:
$
Present value of Dividend in yr 1 = 1.40× 1.1^(-1)= 1.27
Present value of Dividend in yr 2 = 1.50 × 1.1^(-2)=1.24
Present value of share in yr 2 = 25× 1.1^(-2) = 20.66
Present value of total cash inflow 23.17
Price of share today = $23.17
Stocks are considered as a financial instruments that represents a firm's ownership stake. Stocks are tool for investors to grow their money and surpass inflation over time.
The computation of the capital gain for the first year is shown below;
Current value = Future dividend and value × Present value of discounting factor(rate%, time period)
= $1.4 ÷ 1.1 + $1.5 ÷ 1.1^2 + $25 ÷ 1.1^2
= $23.15
Hence, the capital gain for the first year is $23.15
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Occupational hygiene focuses specifically on three types of exposures. Explain any Two of these
Occupational hygiene focuses specifically on three types of exposures are:
chemical physical biologicalWhat is Occupational hygiene?Occupational hygiene can be described as the process that is been used in the work placer so that it can focus on the monitoring as well as preservation of the people of the workplace from any hazards.
chemical exposure can be described as one that focus on any hazards that can come from the use of toxic substance in the workplace. physical exposure can be described as the one tat focus on any hazards as a result of any physical injury in the workplace.
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Which element of an advertising plan facilitates a high recall value for an advertisement?
A. advertising strategy
B. creative execution
C. creative media
D. creative idea
The element of an advertising plan which facilitates a high recall value for an advertisement is advertising strategy.
What are the elements of an advertising plan?
An advertising plan is a document created with the goal of matching the most effective message to your audience.
....
Budget.
How much advertising plan you can afford to do.What media options you can afford to persue.How broad a target audience you can attempt to reach.Advertising Strategy: A promoting technique can be characterized as a bit by bit intend to arrive at your clients and to persuade them to purchase your items. A very much arranged publicizing methodology conveys the advantages of your item as well as convince your clients to pick your item over the results of your rivals.
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Answer:cretive idea
Explanation:
Robert became quite well-to-do as founder and president of Carlson Auto Paint and Supply, Inc. (CAPS). Now, he wants to start a permanent fund to support research directed toward improved sustainability of painted surfaces at his alma mater. He plans to contribute money now so that $200,000 per year can be withdrawn each year forever, beginning in year 7. If the fund earns interest at a rate of 8% per year, how much money must be donated now
Answer:
The answer is "1475,000".
Explanation:
Given:
\(n=6\ year \ \ \ \text{because it start with 7 beginning year} \\\\r=8\% = 0.08\\\\P= \$ 200,000\)
calculating the 6-year future value:
\(= \frac{\$200,000}{0.08} \\\\= \$2,500,000\)
Using formula:
\(\bold{PV=FV(1+r)^{-n}}\)
\(=\$2,500,000(1+0.08)^{-7} \\\\ =\$2,500,000(0.59)\\\\=\$1475,000\)
A sit down between an employee candidate and a potential employer is referred to as what?
A. A questionnaire
B. An interview
C. An observation
D. A task analysis
A sit down between an employee candidate and a potential employer is referred to as an interview.
The definition of an employee is one who works for someone else or an agency in exchange for wages or a few different agree-to compensations. An example of a worker is a character who's employed by way of McDonald's and is paid a certain amount of money for each hour worked.
Employees perform precise duties and duties for employers in change for compensation. Typically, they work in a complete-time, element-time or temporary ability. Employees fulfil certain task duties and roles, most customarily described inside the task list.
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Answer:
B. An Interview
Explanation:
Smith Company receives $500,000 of subscription revenue in advance during 20X1. The subscription revenue is not included on the income statement, but is reported for tax purposes in 20X1. $250,000 will be recognized in 20X2 and $250,000 in 20X3. Smith Company is subject to a 40% tax rate. What is the amount of the deferred tax asset at the end of 20X2
The amount of the deferred tax asset at the end of 20X2 is $100,000.
Deferred tax asset at the end of 20X2Using this formula
Deferred tax asset=Amount recognized×Tax rate
Where:
Amount recognized=$250,000
Tax rate=40% or 0.40
Let plug in the formula
Deferred tax asset=$250,000×40%
Deferred tax asset=$100,000
Inconclusion the amount of the deferred tax asset at the end of 20X2 is $100,000.
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Your interest rate is compounded annually ,beginning balance $1166.40 annual rate 8%, how much will you earn in interest alone?
You will earn $93.31 in interest alone.
To calculate the amount of interest you will earn, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = the final amount
P = the principal amount (beginning balance)
r = annual interest rate (in decimal form)
n = number of times interest is compounded per year
t = number of years
In this case, the beginning balance is $1166.40, the annual interest rate is 8%, and the interest is compounded annually.
First, we need to convert the annual interest rate to a decimal form by dividing it by 100: 8% / 100 = 0.08.
Next, we substitute the values into the formula:
A = 1166.40(1 + 0.08/1)^(1*1)
Simplifying the equation, we have:
A = 1166.40(1.08)
Now, we can calculate the final amount
A = $1166.40 * 1.08
A = $1259.71
To find the amount of interest earned, we subtract the principal amount (beginning balance) from the final amount:
Interest earned = $1259.71 - $1166.40
Interest earned = $93.31
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Which of the following artistic professions are often represented among the staff of an advertising agency?
writers
illustrators
musicians
photographers
all of the above
Answer:
writers
illustrators
photographers
Explanation:
Advertising agencies are establishments that help customers to know and appreciate the importance of some goods and services. To convey these ideas to the public, writers, illustrators, photographers and showmen are engaged by advertising agencies to creatively bring out the benefits of these products.
Writers write about the benefits of the products both online and in papers. Illustrators and photographers use their pictorial skills to convey the benefits of some products. These group of artists are often represented among the staff of advertising agencies.
The following information applies to the products of a Company.
Product A
Selling price per unit $ 14
Variable cost per unit: 11
Product B
Selling price per unit: $12
Variable cost per unit: 8
The maximum number of machine hours available is 41,000. Product A uses 3 machine hours, and Product B uses 5 machine hours. The company can sell all the products it produces. Find the total contribution margin per machine hour.
If the company can sell all the products it produces. the total contribution margin per machine hour is : 1. 2.
How to find the contribution margin?Selling price per unit minus variable cost per unit is contribution margin per unit for Product A.
For Product A, the contribution margin per unit is $14 minus $11.
For Product A, the contribution margin per unit is $3.
Selling price per unit minus variable cost per unit is contribution margin per unit for Product B.
Product B's contribution margin per unit is $12 minus $8.
For Product B, the contribution margin per unit is $4.
The contribution margin per machine hour for each product can then be calculated as follows:
For Product A, the contribution margin per machine hour is calculated as follows: Contribution margin per unit / Unit machine hours
Contribution margin for Product A every machine hour is equal to $3 / 3.
For Product A, the contribution margin per machine hour is $1.
For Product B, the contribution margin per machine hour is calculated as follows: Contribution margin per unit / Unit machine hours
Contribution margin for Product B per machine hour is $4 / 5.
For Product B, the contribution margin per machine hour is $0.8.
The overall contribution margin per machine hour can then be determined as follows:
overall contribution margin per machine hour = ($1 x 1) + ($0.8 x 0.2)
overall contribution margin per machine hour = $1.2
Therefore the contribution margin is $1.2.
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You can spend $150 on either a new Kindle or a new pair of boots. If you choose to buy the new kindle, the economic cost of it is:
Answer:
$300
Explanation:
The economic cost is the sum of implicit cost and explicit cost.The implicit cost is the cost by implication, which is the cost of alternative forgone.
The explicit cost is the actual cost requiring actual cash flow in settling it.
Economic cost=cost of new kindle+cost of alternative forgone(new pair of boots)
Economic cost=$150+$150
The explicit cost is also the cost incurred from accounting point of view