Question 10 out of one If retained earnings at the beginning of the 2020 is 500,000, overstatement in 2019 income statement is 50,000, niet income for 2020 * 54,000 w dividend for 2020 is zero Ino dividend dedared). How much is retained earnings at the end of 2020, Answers A. 600,000 B. 500,000 c. 400,000 D. 100,000 Tout of po Question 8 In accounting for disposal of assets, accumulated depreciation refers to Answers: А Fair value of assets B. Total depreciation since acquisition of the asset c Book value less total depreciation D. Depreciation expenses in the year of sale Question 4 1 out of 1 pc An asset was bought in 2015 at a purchase price of 70,000 AED. Depreciation is 10% annually. After 5 years, what is the asset's historical cost) Answers A 105.000 8. 63,000 C 35,000 0.70,000
Answers
If retained earnings at the beginning of the 2020 is 500,000, overstated in 2019 income statement is 50,000, net income for 2020 is 54,000 w/ dividend for 2020 is zero (no dividend declared).
To determine the retained earnings at the end of 2020, we need to use the formula: Retained Earnings = Retained earnings at the beginning of the year + Net Income - Dividends (or Declared Dividends).Given that, Retained earnings at the beginning of the year = 500,000Overstatement in 2019 income statement = 50,000Net income for 2020 = 54,000Dividend for 2020 = zero
Therefore, Retained Earnings = 500,000 + 54,000 - 0- 50,000= 504,000Thus, the retained earnings at the end of 2020 is 504,000. Answer: More than 100 words.
In accounting for the disposal of assets, accumulated depreciation refers to: In accounting for the disposal of assets, accumulated depreciation refers to the book value less total depreciation on the asset. Accumulated depreciation is the cumulative amount of depreciation that has been charged on the asset from the date of purchase until the date of disposal of the asset. It is a contra-asset account that is used to reduce the book value of the asset on the balance sheet. The accumulated depreciation is added to the original cost of the asset to determine the book value of the asset. When the asset is sold or disposed of, the accumulated depreciation is subtracted from the original cost of the asset to determine the gain or loss on disposal.
Question 4:An asset was bought in 2015 at a purchase price of 70,000 AED. Depreciation is 10% annually. After 5 years, what is the asset's historical cost?To calculate the historical cost of an asset, we need to know the purchase price and the total depreciation that has been charged on the asset.
The total depreciation charged on the asset can be calculated by multiplying the depreciation rate by the purchase price.
Given that, Depreciation rate = 10%Purchase price = 70,000 AED After 5 years, the total depreciation charged on the asset is: Total depreciation = Depreciation rate x Purchase price x Number of years= 10% x 70,000 x 5= 35,000 AED Therefore, the historical cost of the asset after 5 years = Purchase price - Total depreciation= 70,000 - 35,000= 35,000 AED Thus, the historical cost of the asset after 5 years is 35,000 AED.
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Related Questions
Politics is sort of like a game. And the best gamer is great at manipulating the rules.
Answers
Politics is about making agreements between people so that they can live together in groups such as tribes, cities, or countries. In large groups, such as countries, some people may spend a lot of their time making such agreements.
chegg 4. investment and short-run output: our investment equation implies that invest- ment does not depend on short-run output. in practice, however, there might be reasons for why this assumption may be wrong. for example, firms might have financing issues during recessions because of low cash flows - the amount of internal resources the company has on hand after paying its expenses. a firm with higher cash flow finds it easier to finance investment expenses. if short-run output is low, we might expect that cash flow is low, limiting firms’ ability to invest. to cap- ture the importance of short-run output, we can modify our investment equation as follows: it y t
Answers
The investment equation suggests that investment does not depend on short-run output. However, in practice, this assumption may be incorrect due to financing issues during recessions. When short-run output is low, cash flow is also low, which limits a firm's ability to invest. To capture the importance of short-run output, the investment equation can be modified.
The investment equation is a theoretical concept that states investment does not depend on short-run output. However, in reality, there are factors that can affect a firm's investment decisions. One such factor is cash flow, which refers to the amount of internal resources a company has on hand after paying its expenses. During recessions or periods of low short-run output, firms may experience low cash flows.
When a firm has low cash flow, it may face difficulties in financing its investment expenses. This means that the firm will have limited resources to allocate towards investment projects. On the other hand, a firm with higher cash flow finds it easier to finance its investment expenses and has more flexibility in undertaking investment projects.
To account for the impact of short-run output on investment decisions, the investment equation can be modified. The modification considers the relationship between short-run output (represented by "y") and investment (represented by "it"). This modified equation allows for a better understanding of how short-run output affects a firm's ability to invest.
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under the concept of establishment of responsibility, how many people should have the ultimate responsibility?
Answers
Answer:
1
Explanation:
because we smart,im from forest hill
Answer:
1 because he or she can lead a group
anybody have good jokes??
Answers
Answer:
dark humor... why did the kid in the wheelchair get bullied?
Explanation:
because he couldn't stand up for himself
Answer:
A string walks into a bar, the bartender says "Hey! We don't serve your kind here!" so the string walks out and wravels himself up. He turns himself inside out all in knots, gets all dirty, and ruffles up his ends. He walks back into the bar and the bartender says "Hey! Aren't you that piece of string I just threw out a second ago?" and the string answered "Im Afraid Knot!"
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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Question 9 of 10
Which of the following is not a suspicious email characteristic?
Offers that seem too good to be true
Emails claiming to be from government offices
Threatening emails or emails that appeal to sympathy
Spelling and grammar mistakes
Answers
Offers that seem too good to be true is not a suspicious email characteristic
What is a suspicious emailThe correct answer is "Offers that seem too good to be true" because while it is a common tactic used in phishing scams, it is not necessarily always a suspicious email characteristic. Other suspicious email characteristics include requests for personal information, unsolicited emails, emails that appear to be from a government office or financial institution, and emails that contain spelling or grammar mistakes.
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Monopolistic competition is an inefficient market structure because?
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Monopolistic competition is considered inefficient because it leads to excess capacity, price markups, high advertising costs, and an inefficient allocation of resources. These factors contribute to a less-than-optimal market outcome. However, it's important to note that monopolistic competition also allows for innovation and product diversity, which can benefit consumers in certain ways.
Monopolistic competition is considered an inefficient market structure due to several reasons. Here's a step-by-step explanation:
1. Product differentiation: In monopolistic competition, each firm produces a slightly different product or service, leading to a high degree of product differentiation. This means that firms have some control over pricing and can charge higher prices compared to perfect competition.
2. Excess capacity: Monopolistically competitive firms often operate with excess capacity, producing less than the efficient level of output. This is because firms differentiate their products to create a unique selling point, resulting in duplication of resources and wasteful production.
3. Price markups: Due to product differentiation, firms in monopolistic competition have some degree of market power. They can set prices higher than the marginal cost, resulting in price markups. This leads to inefficiency as prices are higher and resources are not allocated optimally.
4. Advertising and marketing expenses: In order to differentiate their products, firms in monopolistic competition engage in extensive advertising and marketing efforts. These expenses add to the overall cost structure of firms and may not necessarily result in higher consumer satisfaction or welfare.
5. Inefficient allocation of resources: Monopolistic competition leads to an inefficient allocation of resources as firms focus on product differentiation rather than cost efficiency. Scarce resources may be used inefficiently, resulting in a loss of overall economic welfare.
In conclusion, monopolistic competition is considered inefficient because it leads to excess capacity, price markups, high advertising costs, and an inefficient allocation of resources. These factors contribute to a less-than-optimal market outcome. However, it's important to note that monopolistic competition also allows for innovation and product diversity, which can benefit consumers in certain ways. Therefore, the inefficiencies should be weighed against these potential benefits.
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Which of the following events directly involves the Federal Reserve?
You apply for a college program.
You review your bank account online.
You make a purchase with a credit card.
You withdraw cash from your bank account.
Answers
Answer: You withdraw cash from your bank account.
The correct option is D. You withdraw cash from your bank account which is an event that directly involves the Federal Reserve.
The Fed removes limits on house loans for borrowers who have student loan debt in an effort to spur economic development.
What events led up to the Federal Reserve law?The frail banking system was devastated by bank runs following a particularly bad panic in 1907, which finally prompted Congress to draft the Federal Reserve Act in 1913. In the beginning, the Federal Reserve System was established to deal with these banking panics.
The Federal Reserve carries out general duties such as managing the country's monetary policy, supervising banking institutions, observing and defending consumer credit rights, preserving the stability of the financial system, and offering financial services to the federal government of the United States.
Thus, D is the right answer. You take money out of your bank account, which is a situation where the Federal Reserve is involved directly.
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What are some ways that technology could be used to benefit learners of a culture?
Answers
Answer:
Removes cultural and language barriers.
For students who may struggle to fit in, technology tools provide a way to engage and equalize—web tools, cameras, word processors, software, can help create opportunities for independence and inclusion.
Explanation:
hope it will help you have a great day bye:)
Discuss about the main types of fish available in Nepal.
Answers
Answer:
There are many types of fish in nepal but and seven of the major types are:-Mola carplet (Amblypharyngodon mola)
Mola carplet (Amblypharyngodon mola)Bighead carp
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara Aspidoparia morar
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara Aspidoparia morarBarred baril
Barnaby baril
Hamilton's barila
Explanation:
I am sure to will get 6 marks out of 6 marks if you submit this answer!
What does a mission statement typically describe?
A mission statement typically describes
A. An employees concerns
B. A company’s values
Answers
Answer:
b
Explanation:
Answer:
B. A company’s values
Explanation:
The equity of Lime Company is $150,000 and the total liabilities are $90,000. The total assets are ________. Group of answer choices
Answers
The equity of Lime Company is $150,000 and the total liabilities are $90,000. The total assets are $240,000.
Liabilities refer to the debts or obligations that a company owes to external parties. These can include loans, accounts payable, accrued expenses, and other financial obligations. Liabilities represent the claims that creditors have on the company's assets.
To calculate the total assets of Lime Company, you need to add the equity and total liabilities together.
Given:
Equity = $150,000
Total liabilities = $90,000
Using the formula:
Total assets = Equity + Total liabilities
Substituting the given values:
Total assets = $150,000 + $90,000
Total assets = $240,000
Therefore, the total assets of Lime Company amount to $240,000.
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The name given to entering transaction data in the journal is:
a. chronicling.
b. listing.
c. posting.
d. journalizing.
Answers
The name given to entering transaction information in the diary is journalizing.
The option (D) is correct.
Journalizing is the most common way of entering exchange information into a diary, which is a sequential record of all monetary exchanges of a business. In the diary, exchanges are ordinarily kept in the request in which they happen, with every section including the date, accounts included, and how much the exchange is.
The reason for journalizing is to give a total and coordinated record of all deals. The data kept in the diary fills in as the reason for planning fiscal summaries and examining the monetary exhibition of a business.
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A sunk cost can best be described as: Group of answer choices a cost that has already been incurred and cannot be removed. a form of financing cost. the cash flows of a new project that come at the expense of existing projects. an important cost to include in the capital budgeting process. the same thing as an opportunity cost
Answers
Answer:
Sunk Cost
A sunk cost can best be described as:
a cost that has already been incurred and cannot be removed.
Explanation:
A sunk cost for Manufacturer X is a cost that has already been incurred. It is irrelevant for any future decision making because it cannot be recovered or removed. By its nature, a sunk cost is a fixed cost. For example, the costs of purchasing an item of equipment, building an office building, and other noncurrent expenditure are sunk costs . If management is making decisions based on differential or incremental costing, such sunk costs are not considered.
for which person would renting a home be a better option than getting a mortgage?
Answers
Answer:
Someone who wants ro avoid spending time and money on maintenace
Explanation:
according to the law of demand consumer demand for a product will decrease if
Answers
Answer:
when prices rise the product demand will decrease.
Carl is an electrician. A new building is starting construction. Carl would like to win the contract for
electrical work for the building. He should
do nothing; they will contact him if they need his work
O send a resumé
O call and leave a long voicemail that gives prices and procedures
O create a type of business report called a business proposal
Answers
A enterprise idea is a formal report that's created by means of a enterprise and furnished to a prospect to invulnerable a commercial enterprise agreement. It's a frequent misconception that enterprise proposals and enterprise plans are the same.
The notion targets to promote your product or carrier alternatively than your enterprise itself.
What is called business proposal?Image end result for TO create a type of commercial enterprise document called a commercial enterprise proposal
A commercial enterprise proposal is a document that outlines a proposed enterprise plan, detailing the product or services to be provided, the fees related with the project, and the predicted outcomes.
Is a business concept a report?Some human beings tend to use them interchangeably, though they refer to two kinds of professional documents. A formal research record is carried out to see if a workable assignment will succeed, while a business notion is written with the intention of beginning a new product.
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Underapplied overhead occurs when the balance in the Manufacturing Overhead Control account is Multiple Choice greater than the balance in the Applied Manufacturing Overhead account less than the balance in the Applied Manufacturing Overhead occount less than the balance the Finished Goods Inventory account ou to the balance in the Applied Manufacturing Overhead account
Answers
Underapplied overhead occurs when the balance in the Manufacturing Overhead Control account is greater than the balance in the Applied Manufacturing Overhead account.
This means that the actual overhead costs incurred in the manufacturing process were higher than the overhead costs that were applied to the production activities. This can happen due to various reasons such as unexpected increases in the cost of raw materials, higher utility bills, or inefficiencies in the production process. Underapplied overhead results in an increase in the cost of goods sold and a decrease in the gross profit margin. Therefore, it is important for manufacturers to monitor their overhead costs and ensure that they are accurately applying the overhead to their production activities.
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Consider a good that generates external damages. A competitive market that is left un-regulated tends to.
Answers
Consider a good that generates external damages. A competitive market that is left un-regulated tends to. charge a lower price than the price that would result in maximized social welfare.
A market is a composition of structures, establishments, approaches, social members of the family or infrastructures wherein events interact in alternate. whilst parties may alternate goods and services by barter, maximum markets rely on sellers imparting their goods or services to consumers in alternate for cash.
A market is described as the sum general of all the consumers and sellers in the location or region under consideration. The area may be the earth, or international locations, regions, states, or cities. The cost, cost and rate of items traded are as in step with forces of deliver and demand in a market.
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When claiming value, one of these is not a behavior used. Which one?a. Valuing the other parties' interestsb. Suggesting solutions to meet your own interestsc. Making threatsd. Making single issue offers
Answers
When claiming value, one of the behaviors that is not used is Making threats. The correct answer is c.
One of these behaviors is making threats, which is not employed when claiming value. The other three behaviors used are Valuing the other parties' interests, Suggesting solutions to meet your own interests, and Making single issue offers. This behavior is not conducive to productive negotiations and can damage the relationship between the parties involved.
Instead, behaviors such as valuing the other parties' interests, suggesting solutions to meet your own interests, and making single issue offers are more appropriate and effective in claiming value.
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You are required to write a SERVICE or PRODUCT LINE of a POULTRY EGG FARMING which will convince the lender that your business is highly viable.
Answers
A service or product line of a poultry egg farming that can convince the lender that the business is highly viable is the production of a variety of eggs organic, free-range, cage-free, and conventional and egg-based products (mayonnaise, pasta, etc.
The poultry egg farming business is highly viable because eggs are widely consumed by a large variety percentage of the population all over the world. This means that the market for eggs and egg-based products is huge. Moreover, the production of various types of eggs (organic, free-range, cage-free, and conventional) and egg-based products (mayonnaise, pasta, etc.) will cater to a wide range of customers with different needs and preferences. This will help to increase the demand for the business's products and services, which will lead to increased profits and revenue.
Additionally, producing eggs and egg based products will require minimal investment and resources. The poultry egg farming business can be started with minimal capital investment and can be easily managed with a small team of workers. This makes the business highly profitable and cost-effective, making it a low-risk investment for the lender. In conclusion, by offering a variety of eggs and egg-based products, the poultry egg farming business can convince the lender that the business is highly viable and profitable.
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in the previous chapter, significant problems regarding the ability of borrowers to meet mortgage payments and the evolution of fixed interest rate mortgages with various payment patterns were discussed. why didn’t this evolution address problems faced by lenders? what have lenders done in recent years to overcome these problems?
Answers
These shortcomings result from the CAM, CPM, and GPM all having fixed interest rate originations and having predetermined payment patterns, despite the reality that payment patterns can be adjusted to suit borrowers as expectations change. Regardless of the state of the economy, the interest rate and payment schedule won't alter.
Various mortgages are now offered with variable interest rates or payment terms that fluctuate based on the state of the economy.
What is fixed interest rate?A fixed interest rate is a rate that never changes that is applied to a liability, like a loan or mortgage. It might be applicable for the full loan term or just a portion of it, but it doesn't change over the course of a predetermined time. Mortgages can have a variety of interest-rate choices, such as one that combines a fixed rate for a portion of the term and an adjustable rate for the remaining portion. These are known as "hybrids."
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What are 3 key takeaways you have about investing in a 401(k) plan that will help you when you’re ready to make this decision in the real world?
Answers
Explanation:
1. Always be sure to contribute enough to a 401(k) to qualify for matching contributions from your employer.
2. Be aware of the underlying costs and fees of the various investments within your retirement plan.
3. You can contribute to both a personal IRA and a 401(k) plan at work.
A 401(k) plan is a type of retirement savings plan sponsored by an employer. It allows employees to contribute a portion of their pre-tax salary to a retirement account, which is then invested in a selection of mutual funds, stocks, bonds, and other assets.
These contributions and the earnings on them grow tax-deferred until they are withdrawn, typically in retirement.
One of the key benefits of a 401(k) plan is that many employers offer a matching contribution, which can help boost the account balance.
Additionally, 401(k) plans often offer a range of investment options and allow for convenient automatic contributions, making it easier for individuals to save for retirement. However, there may be fees associated with the plan, and early withdrawals may result in penalties.
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why is training important for a good job?plz answer
Answers
Advantages of training
Increased job satisfaction and morale among employees.
Increased employee motivation.
Increased efficiencies in processes, resulting in financial gain.
Increased capacity to adopt new technologies and methods.
Increased innovation in strategies and products.
my business i love doing nails if ya'll don't know i love help ya'll nails free
Answers
Hmm......... Nice nice. :)
a business cycle is: group of answer choices a very deep and prolonged economic downturn. a period in which output and employment are rising. a period in which output and employment are falling. a short-run alternation between economic upturns and downturns.
Answers
A business cycle is a short-run alternation between economic upturns and downturns. Thus, option 'D' is the correct option.
What is the business cycle?Economic activity goes through periods of boom and then contraction during business cycles. Both the general welfare of society and the welfare of private entities are affected by these developments. Typically, changes in a broad economic statistic, such as Real Gross Domestic Product, are examined to see how business cycles have changed over time.
Typical business cycle changes include broad upswings and downswings in a variety of macroeconomic indicators. Individual expansion/recession periods have varying lengths and intensities across time.
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What is meant by post script?
Answers
Answer:
An additional remark at the end of a letter, after the signature and introduced by “P.S.”.
Hope this helps :)
What are customer needs?
Answers
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
a company issued 8%, 15-year bonds with a par value of $610,000 that pay interest semiannually. the market rate on the date of issuance was 8%. the journal entry to record each semiannual interest payment is:
Answers
The Journal entry to record each semiannual interest payment is : $22,000.
Debit: Bond interest expense
Credit: Cash
$550,000 × 0.08 × 6/12 = $22,000
What do you mean of journal?
A journal is detailed record of all the transactions done by a occupation. Reconciling accounts and shifting information to other accounting information is done using the information recorded in a journal.
What are the 7 types of journal?
There are 7 different types of journals are : purchase, purchase returns, cash receipts, cash disbursements, sales, sales returns, and general.
What are the 5 benefits of keeping a journal?
Here are 5 benefits-for-you virtues of journaling are :
Reduces Stress. An overabundance of burden can be destroying to your physical, mental, and emotional health.Improves Immune Function.Keeps Memory Sharp.Boosts Mood.Strengthens Emotional Functions.Learn more about journal here :- https://brainly.com/question/14279491
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Refer to the graph. Which area indicates a surplus?
(A)
(B)
(C)
(D)
Answers
Answer:
D
Explanation: