On April 1, a company purchased factory equipment for $670,000. It is estimated that the equipment will have a $73,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the first year after purchase would be
Group of answer choices
O $201,000
O $268,000
O $100,500
O $179,100
O $238,800

Answers

Answer 1

The amount of annual depreciation recorded for the first year after purchase using the double-declining-balance method would be $268,000.


Step 1: Calculate the straight-line depreciation rate.
Straight-line depreciation rate = (1 / Useful Life) = (1 / 5) = 0.2 or 20%

Step 2: Double the straight-line depreciation rate to get the double-declining-balance rate.
Double-declining-balance rate = 20% * 2 = 40%

Step 3: Calculate the first-year depreciation expense.
First-year depreciation = Purchase Price * Double-declining-balance rate = $670,000 * 40% = $268,000

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Related Questions

Chad rented his house to Patrick for a period of one year. Eight months after moving in, Patrick left the premises without informing Chad or paying him the rent due for the last four months. In order to compensate for the losses, Chad immediately rented the house to Lee. Which of the following is correct regarding the case?
Multiple Choice
It is illegal for Chad to re-rent the house.
Lee will have to pay Chad the rent amount due from Patrick.
Patrick can recover damages from Chad because the lease period is not over yet.
Chad can recover damages from Patrick even after re-renting it to Lee.

Answers

Chad can recover damages from Patrick even after re-renting it to Lee. This is the correct option regarding the given case. Chad can recover damages from Patrick even after re-renting it to Lee.

Who is a landlord?

A landlord is a person who owns land, buildings, or housing that is rented to other people, known as tenants. The landlord may own the entire property or only a portion of it. The property might be commercial or residential. The landlord's primary responsibility is to maintain the property and ensure that it is safe and habitable. In exchange, tenants pay rent to the landlord, which is usually outlined in a lease or rental agreement. Chad, the landlord in the question, rented his house to Patrick for one year.

Chad's and Patrick's Case: Chad's case is that Patrick left the premises eight months after moving in without informing Chad or paying him the rent due for the last four months. In order to compensate for the losses, Chad immediately rented the house to Lee. Chad can recover damages from Patrick even after re-renting it to Lee because Patrick violated the lease by failing to pay rent and leaving the premises early.

Even though Chad has found a new tenant, he is still entitled to the rent from the original lease until the end of the agreed-upon lease term. Chad may also be able to sue Patrick for breach of contract and recover any unpaid rent, damages to the property, and other associated expenses. Therefore, Chad can recover damages from Patrick even after re-renting it to Lee.

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A scientific uses a computer model to understand a widley accepted theory about earth's surface the computer model would mostly likely help scientists to

Answers

Options are;

to reduce the intensity of earthquakes discover new facts about the theory stop the creation of faults during earthquakes prove that the theory would not change in the future

Answer:

discover new facts about the theory

Explanation:

It is most likely that the computer model would discover new facts about accepted theory rather than prevent earthquakes or that the widely accepted theory would not change in the future.

Remember, we can make this conclusion because most computer models are designed to provide insight and allow for predictions (which are usually not 100% accurate).

differentiate between
Alkali metals and halogens
Halogens and inert gases.

Answers

Different: Alkali metals are metals, halogens are nonmetals. Alkali metals are all solids and the melting point decreases as they get bigger. Halogens can be solids, liquids, or gases at room temperature and the melting point increases as they get bigger.

Give very short answers to the following questions:
1. What do you know about an office ?
2.
What does chalani mean?
3. What does darta mean?
4 How can you say that office is an information centre ?​

Answers

Answer:

1-place where any formal operations are done

2-chalani means to make somebody pay fine

3-darta refers to listing of something as name (registration )

4-office is an information center as all records are kept in a office that is related to any business

Select the correct answer.
Which statistical concept signifies the average of all the variations from the mean?
A.
comparative mean
B.
constant mode
C.
standard deviation
D.
average deviation

Answers

Answer:

option D average deviation is correct

Explanation:

average deviation tells average of variation from the mean

Answer:

C standard deviation

Explanation:

plato also states in the notes that standard is correct and internet checks with me

Which customers are typical for the Agriculture, Food, and Natural Resources career cluster? SELECT FOUR OPTIONS!!!!
A) a power company needing solar panels
B) a local fresh market
C) a business working with trained animals
D) a person buying large quanities of wheat
E) a person learning about geography
F) a family on a camping trip

PLEASE HELP ITS WORTH 50 POINTS!!!!!

Answers

Answer:bcde

Explanation: kids cant work so not f and solar panels have nothing to do with the farmers so not a

The customers that are typical for the Agriculture, Food, and Natural Resources career cluster are a local fresh market; a business working with trained animals; a person buying large quantities of wheat and a family on a camping trip. Thus option (B), (C), (D) and (F) are correct.

Who are customers?

Customers are individuals or organizations who purchase goods or services from a seller or provider. They are the people or entities who pay for and use the products or services that a business offers.

The relationship between a business and its customers is a crucial aspect of its success, as satisfied customers are more likely to return for future purchases and recommend the business to others.

A local fresh market; a business working with trained animals; a person buying large quantities of wheat and a family on a camping trip are the customers are typical for the Agriculture, Food, and Natural Resources career cluster. Therefore, option (B), (C), (D) and (F) are correct.

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Data scientists identify ____ and ____ in data to address business problems.

1.outliers; customer feedback

2.customer feedback; trends

3.customer feedback; patterns

4.trends; patterns




Answers

To solve corporate challenges, data scientists find consumer feedback and trends in data. Hence, the correct option is (3) customer feedback; patterns.

What is a data scientist and what is work?

Data scientists are a new breed of analytical data experts with the technical ability to tackle complicated issues – as well as the desire to investigate what problems need to be solved. The data scientist position also has academic origins. Universities began to notice a few years ago that businesses desired programmers and team players. Professors modified their curricula to accommodate this, and certain institutions, such as North Carolina State University's Institute for Advanced Analytics, prepared to produce the next generation of data scientists. More than 60 comparable programs are currently available at institutions around the country.

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A marketing mix typically encompasses activities controllable by the organization. These include the kind of product, service, or idea offered (product strategy), how it will be communicated to buyers communication strategy), the method for distributing the offering to buyers (channel strategy), and the amount buyers will be will pay for the offering (price strategy).

a. True
b. False

Answers

Answer:

a. True

Explanation:

Definitely. Its no business without profit, resources used and yeah

The major impact of product innovation tends to be on the firms' revenues, while that of process innovation tends to be on costs. True or False

Answers

The statement is true that the major impact of product innovation tends to be on firms' revenues, while that of process innovation tends to be on costs.

Product innovation typically involves introducing new or improved products or services, which can increase demand and sales revenue for the firm. Process innovation, on the other hand, involves improving the production or delivery processes, which can result in cost savings for the firm. While both types of innovation can have positive impacts on a firm's bottom line, the focus of the impact tends to be different. Product innovation is often geared towards increasing revenue and market share, while process innovation is geared towards improving efficiency and reducing costs.

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An upper-level is manager proposes that his organization implement a system to consolidate shipping and exception data from multiple carriers so that consumers know when their purchase will ship and when it will arrive. What business strategy does this represent?.

Answers

An upper-level manager proposes that his organization implement a system to consolidate shipping and exception data from multiple carriers so that consumers know when their purchase will ship and when it will arrive. This represents a differentiation business strategy.

What are business strategies?

A business strategy lays out the course of action that will be taken to fulfill the organization's vision and goals, as well as how to make decisions that will increase the company's financial stability in a cutthroat market.

In order to differentiate themselves from the products that their rivals may provide in the market, businesses must offer clients something special, distinctive, and different. Increasing competitive advantage is the main goal of putting a differentiation strategy into practice.

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Managerial accountants:

a. create the company’s financial statements that are submitted to government agencies such as the Internal Revenue Service.

b. negotiate contracts with suppliers

c. create financial reports and provide other types of accounting information to investors.

d. provide managers within the organization with reports to make good business decisions.

Answers

Managerial accountants provide managers within the organization with reports to make good business decisions.

Who are Managerial accountants?

They are account managers, they help a company to manage the financial account and hep to make decisions based on the trend on the account.

They also hep perform various task that is associated with the account.

Therefore, Managerial accountants provide managers within the organization with reports to make good business decisions.

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What is interpersonal?

Answers

Answer:

having the ability to relate to and connect with others

elobrate on the tertiary sector​

Answers

Answer:

Explanation:

The tertiary sector covers a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work. It is made of: the non-market sector (public administration, education, human health, social work activities).

Answer:

Tertiary Sector is a sector which does not include agriculture and industries in it, however, it includes banking, communication, power, education, health etc.

Explanation:

Tertiary activity consists of all service occupations. Transport, communication, trade, health, education and administration are important examples of tertiary activities. These tertiary activities help in the development of the primary and secondary sectors.

which of these sentences emphasizes a harsh statement? the hr office reported that you were fired. there has been a significant change in your employment status. your position with this organization has changed. your service here is no longer required.

Answers

The sentence that emphasizes a harsh statement is "Your service here is no longer required."

This sentence directly states that the individual's service is no longer needed, which can be seen as a harsh statement. The other sentences, although they may indicate a change in employment status or position, do not explicitly convey the same level of severity as the statement that their service is no longer required.

It's important to deliver such messages with sensitivity and respect, keeping in mind the potential impact on the individual receiving the news.

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Effective Environmental Product differentiation typically requires
A. Cheaper costs of producing environmental products.
B. a low interest (discount) rate.
C. An inability of competitors to easily replicate a firm’s environmental strategy.

Answers

Environmental product differentiation is a strategy used by firms to promote their products and differentiate them from those of competitors.

To achieve effective environmental product differentiation, firms typically need to focus on creating a unique strategy that cannot be easily replicated by their competitors. This requires that they take into account several factors that will help them stand out from the competition.

For instance, one of the factors that are likely to influence the effectiveness of environmental product differentiation is the cost of producing environmental products. Firms that can produce these products at a lower cost will have a competitive advantage because they will be able to offer their products at a lower price, which will attract more customers.

Additionally, the ability to produce these products at a lower cost also means that the firm can invest more resources in improving the quality of the product and making it more environmentally friendly. This, in turn, can help to create a stronger brand image and attract even more customers.

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A typical family in the United States in 1900 had a purchasing power equal to the real U.S. GDP per capita in 2015. a. 1 b. 12 c. 70 d. 136 %

Answers

The correct answer is (b) 12%.

To calculate the change in purchasing power, we need to compare the real GDP per capita of the United States in 1900 with that of 2015. Let's assume that the real GDP per capita in 1900 is X and the real GDP per capita in 2015 is Y.

The change in purchasing power can be calculated using the following formula:

Change in purchasing power = (Y - X) / X * 100

If we assume that the change in purchasing power is 100%, it means that the real GDP per capita in 2015 is double that of 1900. However, none of the answer options indicates a change of 100%.

Since the answer options are in percentage format, we need to find the option that represents the closest percentage change. Among the given options, (b) 12% is the closest approximation to the change in purchasing power between 1900 and 2015.

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Which of the following are traits of successful entrepreneurs?
quits when he or she fails
doesn't make the same mistake twice
is self-assured
relies on everyone else to get the job done

Answers

Answer:

Self assured and doesn't make the same mistake twice

Explanation:

Hope this helps!

Explain the concept of market and market identification.
Identify communications channels used in sales promotion.
Explain types of advertising media.
Describe effective advertising layouts.
Write copy for advertisements.

Answers

Copywriting for advertisements should be concise and to the point, utilize descriptive language, use active voice, include an attention-grabbing headline, and provide a clear call-to-action.

What is Copywriting?

Copywriting is the practice of crafting words and phrases in order to create promotional materials that are designed to sell products or services. It requires a great deal of creativity and an ability to write in an engaging and persuasive manner. Copywriting involves researching, understanding the target audience, creating attention-grabbing headlines and crafting persuasive copy to persuade readers to take action. It is an essential part of the marketing process and can be used to effectively reach potential customers and increase sales. Copywriters use a variety of techniques to create effective copy, such as using powerful words, creating vivid imagery, and making use of persuasive language. Copywriters must be able to understand the needs of their target audience, create compelling headlines and body copy, and be able to effectively target the right people. In addition, copywriters must be able to measure the success of their copy and make adjustments based on the results.

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what is the opportunity cost of producing 1 unit of pottery in germany? (give your answer to one decimal if necessary)_____ units of tulips

Answers

The opportunity cost of producing one unit of pottery in Germany is 0.5 units of tulips.

Opportunity cost is calculated as the ratio of the two items. We will get the answer by comparing the amount of output of one commodity that must be foregone to increase the production of the other commodity by one unit.This is expressed as:

Opportunity Cost of Pottery = (Units of Tulips Produced) / (Units of Pottery Produced)

Therefore, the opportunity cost of producing one unit of pottery in Germany is 0.5 units of tulips.

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A new business should be based on an entrepreneur's individual interests because the entrepreneur must...
A. have sufficient confidence to succeed.
B. be willing to take personal responsibility.
C. have enough determination to work alone.
D. dedicate as many hours as needed to the work.
Will mark brainliest!

Answers

Answer:

A.................

Explanation:

look at my pokemon

A new business should be based on an entrepreneur's individual interests because the entrepreneur must...

Answer:

D

Explanation: because i said so but it might not be right

The demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year. The demand is easily satisfied on a daily basis. This demand for bread can be categorized as _____.

Answers

Considering the situation described above, this demand for bread can be categorized as a "static demand."

This is because a static demand is a type of demand that is not flexible at any given point.

Also, demand is said to be static when the change in quantity demand of a commodity is relative to a change in the unit price of a commodity.

Thus, in this case, when the demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year, this is an example of a Static demand because it is stable throughout the year.

Hence, in this case, it is concluded that the correct answer is "Static Demand."

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Choose a true statement.
Select one:
a. Profit is defined as an area to the left of the supply
curve and above the minimum AVC
b.Profit is always larger than or equal to producer
surplus
c. Producer s

Answers

The correct statement is "Profit is defined as an area to the left of the supply curve and above the minimum AVC."A business's profit is the difference between its total revenue and total cost. (option a)

Firms maximize profit by increasing output if marginal revenue exceeds marginal cost. They reduce production if marginal revenue is less than marginal cost because each additional unit sold results in a loss. In the short run, a firm will continue to produce if it is earning a profit and will stop producing if it is incurring a loss.

If a firm is incurring a loss, it will continue to operate if its variable cost is less than its revenue. If its variable cost is higher than its revenue, the firm should stop producing and minimize its loss. To earn a profit, a firm's total revenue must be higher than its total cost.

The profit-maximizing quantity is where marginal revenue equals marginal cost. Profit is maximized when output is increased until marginal revenue equals marginal cost, and then it begins to fall. In the long run, firms must earn at least a normal profit to stay in business.

The area to the left of the supply curve and above the minimum AVC represents profit.

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ECONOMICS CHAPTER 2 SECTION 3

explain the relationship between the terms in each of these pairs
A. Private property rights and market
B. laissez-faire and capitalism
C. Specialization and profit
D. Factor market and product market

ECONOMICS CHAPTER 2 SECTION 3

Answers

Private property rights  and market is  in which people buy and sell resources or goods and services.

Private property rights are the rights of individuals and groups to own property and the market is any place or situation in which people buy and sell resources and goods and services.

Laissez-faire and capitalism-The relation-ship between laissez-faire and capitalism is laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention.

Specialization and profit- The relation-ship between specialization and profit is the companies specialize in making one product or one component of a product, if this product will make at large scale, companies reduces it's cost to earn profit.

Factor market and product market-  The relation-ship between Factor market and product market is the factor market is running by the demand of product market. The product market is sold their goods and services with the demand of factor market to production these goods and services.

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The first step in the target costing process is to estimate how much a product will cost to develop. True False

Answers

True. The target costing process is a method used by companies to manage the costs of their products throughout the product's lifecycle.

This process involves estimating the total cost of a product and then setting a target price that customers are willing to pay for it. The first step in the target costing process is to estimate how much a product will cost to develop. This is important because the cost of development can significantly impact the final cost of the product. By estimating the cost of development upfront, companies can better understand the total cost of the product and set a target price that will allow them to make a profit. Costing is a critical part of the target costing process and involves analyzing all the costs associated with developing and producing a product. This includes direct costs such as materials and labor as well as indirect costs such as overhead expenses. By carefully managing costs throughout the product lifecycle, companies can ensure that they are delivering high-quality products to their customers at a price that is both competitive and profitable.

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Which of the following is a factor in determining what laws and regulations
affect a particular business?
A. Date business was founded
B. Design of business logo
C. Business size
D. Business name

Answers

I think the answer is c because it affects how companies structure their business and where they decide to locate.

Please click on the ❤️. Thanks!

Answer:

C. Business size

Explanation:

Becoming more efficient and minimizing start-up costs are ways to
A) Increasing net profit
B) Decreasing gross profit
C) Increasing gross profit
D) Decreasing net profit

Answers

The correct answer is d

Becoming more efficient and minimizing start-up costs are ways to Increase net profit. Thus the correct option is A.

What are startup costs?

The costs involved in establishing a new firm are known as startup costs. Equipment, registration fees, insurance, and taxes are startup expenses because they are needed when a business is first started up.

The start-up costs of a business should be low as the initial level there is high risk associated with the business. To reduce the startup costs it is important to do proper research and fix a budget for particular things.

After planning and things get implemented it is important to track every operation to minimize the cost and control the functions timely to help to perform efficiently with the resources.

A business can increase its profit margins without compromising quality, sales price, or product sales by improving the supply chain, manufacturing companies, staff, and facilities used in business.

Therefore, option A is appropriate.

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Which of the following is a reason you can be fired under an employment at
will policy?
A. The company relocates to a smaller facility.
B. The company learns that your parents were born in Russia.
C. The company suspects you are stealing inventory.
D. The company wants to hire a younger worker.

Answers

Answer:

A

Explanation:

Cause they might need new people if they relocate Nd might fire a lot of ppl if the working space is small

When the economy suffers a downturn, vacationers are more likely to take car trips than to fly. What provides the most reasonable explanation for this phenomenon?

Answers

What gives the most plausible explanation for this phenomenon is that air travel is a normal good and vacation travel by car is an inferior good.

An economic crisis is a condition that refers to a condition where the economic condition of a country is experiencing a sharp decline. The reason is the fragile economic foundation, high inflation and stagnant economic growth reflect this.

Other factors that can make a country suffer from an economic crisis are a large foreign debt burden, the affordability of which exceeds its ability to pay, low investment efficiency, and a large and uncontrollable balance of payments deficit.

The economic crisis itself is understood as the impact on the country's economic system, which causes a contraction in the country's economic instruments, such as a decline in the value or price of assets. Symptoms of an economic crisis are usually a decrease in government spending capacity, an unemployment rate that exceeds 50% of the total workforce, a decrease in consumption or low purchasing power, an unstoppable increase in the price of basic commodities, and a sharp decline in economic growth.

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for human services pleaseeeeeeeeeeee help <3

for human services pleaseeeeeeeeeeee help &lt;3

Answers

Answer:

gghddhshdjshsjgsgsgshsnssmad

Which of the following will cause an increase in Supply for the Short-Run Macroeconomic model?

A. Lower prices will increase the demand.

B. Higher prices to encourage competition.

C. The addition of only highly skilled workers.

Answers

Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.

How supply can be increased in the short run?

In the marketplace model, supply slopes up due to the profit purpose of individual firms. If a corporation receives a better price, they'll make a higher profit via way of means of selling more, so the quantity supplied will increase while the price will increase.

Therefore, Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.

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