A. when it has depreciated completely.
When a fixed asset is given away, it should be taken out of the accounts.
When is it appropriate to dispose of a fixed asset?There are a number of possible causes for the asset disposal: The entire depreciation of an asset necessitates its disposal. When an asset is no longer needed or useful, it is sold. Unforeseen circumstances necessitate the removal of an asset from the financial records.
What happens when you sell a decent resource?There are a few things that must happen when selling a plant asset or fixed asset: Up until the date of sale, the fixed asset's depreciation expense must be recorded. Both the updated accumulated depreciation and the cost of the fixed asset need to be eliminated. It is necessary to record the received cash.
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palmona company establishes a $200 petty cash fund on january 1. on january 8, the fund shows $38 in cash along with receipts for the following expenditures: postage, $74; transportation-in, $29; delivery expenses, $16; and miscellaneous expenses, $43. palmona uses the perpetual system in accounting for merchandise inventory. 1. prepare the entry to establish the fund on january 1. 2. prepare the entry to reimburse the fund on january 8 under two separate situations: a. to reimburse the fund. b. to reimburse the fund and increase it to $450. hint: make two entries.
The entire expenses came to $162, leaving a $38 cash balance in the petty cash account. The petty cash account needs to be debited by $250 in order to raise the petty cash fund from $200 to $450.
In order to pay for unnecessary or trivial items like office supplies or employee reimbursements, a small amount of business money known as petty cash is commonly kept on hand (for example, in a lockable drawer or box). A petty cash fund is regularly reconciled, and transactions are also recorded on the financial accounts. Petty cash is a little amount of cash kept on the business's premises to pay for insignificant expenses. These payments can be made in the form of, among other things, cards, flowers, and office supplies. When not in use, petty cash is kept in a box or drawer that is easily accessible.
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is (are) the endogenous variable(s) in the phillips curve. a. expected inflation b. inflation c. the natural rate of unemployment d. all of the above e. none of the above
A.W. Philips introduced the Philips curve idea. It claims that inflation and employment growth are linked to economic growth. In other words, as the economy grows, fewer people will be unemployed and more jobs will be created, but inflation will rise.The answer is All of the above.
Therefore, there is a trade-off between unemployment and inflation.Inflation is more than anticipated when the unemployment rate is lower than the natural rate of unemployment. A downward-sloping demand curve indicates that unemployment and inflation have an inverse relationship.Actual inflation will be lower than anticipated when unemployment is higher or higher than the natural rate.As labour demand increases, employers raise wages to remain competitive and attract talent from a smaller talent pool. As a result, the number of unemployed workers decreases and unemployment rates decrease.The cost of corporate salaries Is increasing, and companies pass these costs on to consumers by rising prices.The belief system led to the adoption of the “stop-go” method, in which the economy was expanded or constricted through monetary and fiscal policies in order to achieve the target rate of inflation.
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sales variances assume that casio computer company, ltd. sells handheld communication devices for $100 during august as a back-to-school special. the normal selling price is $150. the standard variable cost for each device is $70. sales for august had been budgeted for 400,000 units nationwide; however, due to the slowdown in the economy, sales were only 375,000. compute the revenue, sales price, sales volume, and net sales volume variances.
Revenue variance = $22500000
Sales price variance = $18,750,000
Sales volume variance = $3,750,000
Net sales volume variance = $2,000,000
The gap between actual sales revenue and anticipated budgeted revenue is known as the sales variance. It comprises a pricing variation and a volume variance that measures the impact of a discrepancy between actual and anticipated sales volumes (the difference between the actual and budgeted selling price).
Revenue variance = Actual sales revenue - budgeted sales revenue
= $37,500,500 (375,000 units x $100) - $60,000,000 (400,000 units x $150)
= $22,500,000 U (because actual is worse than budget)
Sales price variance = (Actual price x Actual units) - (Standard price x Actual units)
= $37,500,000 - $56,250,000 (375,000 units x $150)
= $18,750,000 U
Sales volume variance = (Standard price x Actual units) - (Standard price x Standard units)
= $56,250,000 - $60,000,000 (400,000 units x $150)
= $3,750,000 U
Net sales volume variance = (Net standard price x actual units) - (Net standard price x standard units)
= ($80 ($150 - $70) x 375,000) - ($80 ($150 - $70) x 400,000)
= $30,000,000 - $32,000,000
= $2,000,000 U
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tom's art supplies used to sell art supplies through mail order catalogs, but the company's data entry specialists often had difficulty deciphering their customers' handwriting on the order forms. since switching to an e-commerce site, tom's has enjoyed which advantage of e-commerce?
Since switching to an e-commerce site, tom's has enjoyed the increasing accuracy advantage of e-commerce.
E-commerce is the electronic purchase and sale of goods through online services or the Internet. It is classified into three types: business-to-business, business-to-consumer, and consumer-to-consumer.
It is a network of online sellers. This efficient method of purchasing allows the customer to create a bulk order online, which eliminates the hassle and makes the transaction faster and easier. E-commerce began as a standard for the exchange of business documents between suppliers and their business customers, such as orders or invoices.
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instead of having assembly lines in which workers repeatedly perform single, specialized tasks, such as sewing zippers or attaching buttons, a clothing manufacturer forms teams of 8 to 10 workers who are responsible for producing entire garments. this is an example of a(n) blank team.
'instead of having assembly lines in which workers repeatedly perform single, specialized tasks, such as sewing zippers or attaching buttons, a clothing manufacturer forms teams of 8 to 10 workers who are responsible for producing entire garments. this is an example of a(n) blank teamwork.
A zipper, fly or zipper, formerly known as a locker, is a device commonly used to tie two ends of cloth or other flexible material together.
The three main types are Nylon coil, Vislon (molded teeth), and metal zippers. There should be some letters and numbers behind each slider.
Zippers with plastic fittings are made of polyester or nylon, while sliders and pull tabs are usually made of steel or zinc. Cloth tapes are made of cotton, polyester, or a mixture of both.
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andy takes out a 10-year loan of l, which he repays by the amortization method at an annual effective interest rate of i . andy makes payments of 1000 at the end of each year. the total amount of interest repaid during the life of the loan is also equal to l. calculate the amount of interest repaid during the first year of the loan.
The amount of interest repaid by the amortization method during the first year of the loan was $755.
Loan amount = (Payment Amount) × a n|i
L = 1000a10|i
Total interest = sum of the payments - the amount of loan = (10)(1000) - 1000a10|i
a10i = 5, i = 15.1%
Interest in first year = 1000 (1 - v10) = 755
Amortization is an accounting technique that is used to reduce the book value of a loan or an intangible asset on a regular basis over a set period of time. When it comes to loans, amortization is the process of spreading out loan payments over time.
Amortization is commonly used to describe the process of reducing the value of a loan or an intangible asset.
Lenders, such as financial institutions, use amortization schedules to present a loan repayment schedule based on a specific maturity date.
According to the matching principle of generally accepted accounting principles, intangibles are amortized (expensed) over time to tie the cost of the asset to the revenues it generates.
Negative amortization occurs when loan payments are less than the accumulated interest, causing the borrower to owe more money rather than less.
Most accounting and spreadsheet software include functions for automatically calculating amortization.
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1. explain the effects of the following actions on equilibrium income (assume that the marginal propensity to consume is 0.8). a. government purchases rise by $10 billion. b. taxes fall by $10 billion.
The effects of the following actions on equilibrium income will be that increase in equilibrium income will be by $50 and $40 billion.
The AD curve changes to the right as a result of an increase in government spending, raising the amount of equilibrium income.
Change in income = change in Govt. Spending/ 1- MPC
= $10 billion/1 - 0.8 = $50 billion
Thus, a $10 billion increase in government spending results in a $50 billion increase in equilibrium income.
A tax cut also causes the AD curve to slant to the right and raise income equilibrium.
Change in income = MPC (change in taxes)/1 - MPC = 0.8($10bn)/1- 0.8 = $40 billion
Thus, equilibrium income increases by $40 billion.
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given the growth in telecommuting and other mobile work arrangements, how might offices physically change in the coming years? will offices as we think of them today exist in the next ten years? why or why not?
Working from home is a "game plan" that representatives devise with their "bosses" that allows them to "telecommute" or travel to a more remote location "rather than" driving "into the corporate office."
Working from home or a flexible office space outside of an employer's actual office location is referred to as telecommuting. Telecommuters communicate with coworkers and clients via phone and internet. Telecommuting has been a popular choice for workers with dependable internet and phone access since it removes time-consuming commutes to and from an office building. Over 26 million Americans currently work from home at least part-time.
Telecommuting, on the other hand, refers to employees who work part-time or full-time from their homes and may visit a central office on occasion. People frequently use the terms telecommuting and remote work interchangeably.
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the next dividend payment by im, incorporated, will be $1.87 per share. the dividends are anticipated to maintain a growth rate of 4.3 percent forever. the stock currently sells for $37 per share. a. what is the dividend yield? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. what is the expected capital gains yield? (enter your answer as a percent rounded to 1 decimal place, e.g., 32.1.)
Dividend Yield = Dividend for Next Period/Current Price
Dividend Yield = $1.87/$37
Dividend Yield = 5.05%
Capital Gains Yield = Growth Rate
Capital Gains Yield = 4.3%
What is Dividend Yield?
The relationship between a stock's annual dividend payment and stock price is defined as the dividend yield. Know that when you use the term "dividend yield," you are only referring to the dividend yield for the specific stock price at that time because dividend yield clearly fluctuates as stock prices do on the stock market. The dividend yield would fluctuate if a stock's price changed significantly during a trading day.
Dividend Yield = Annual Dividends Per Share ÷ Current Share Price
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if a company failed to make the end-of-period adjustment to move the amount of revenue that was earned from the unearned revenue account to the revenue account, this omission would cause:
If a company failed to make the end-of-period adjustment to remove from the unearned management fees account the amount of management fees that were earned, this omission would cause an overstatement of liabilities.
Liabilities are owing debts or legal responsibilities to another individual or business. Liabilities, then, are future forfeitures of economic gains that an entity must make to other entities as a result of previous occurrences or previous transactions.So,if a company failed to make the end-of-period adjustment to remove from the unearned management fees account the amount of management fees that were earned, this omission would cause an overstatement of liabilities.
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Select the correct answer.
What helps art directors ensure that ad vision works on the screen and allows cost effective critical changes to take place before production?
A.
Copywriting
B.
Storyboarding
C.
Animating
D.
Auditioning
Answer:
Storyboard I think it might be right
Answer:
B
Explanation:
I took the test!
mobile marketing: select one: a. utilizes mail and catalogs. b. utilizes high reach efforts. c. utilizes cell phones and forms of transportation. d. utilizes exposure methods. e. seeks high impact.
Mobile marketing utilizes cell phones and forms of transportation.
What is mobile marketing?Any form of advertising that uses mobile devices, such as tablets and smartphones, to advertise goods and services is known as mobile marketing. It uses characteristics of contemporary mobile technology, such as location services, to customize marketing campaigns according to a person's location.
Technology can be applied to mobile marketing to offer personalized promotions of products or services to a user who is always connected to a network.
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Im
What is the formula for determining run rate?
Current revenue for one month x 12
Current revenue for one month / 12
Current revenue for one month - 12
Current revenue for one month + 12
To calculate run rate, take your current revenue over a certain time period—let's say it's one month. Multiply that by 12 (to get a year's worth of revenue). If you made $15,000 in revenue for each month, your annual run rate would be $15,000 x 12, or $180,000.
An economy is experiencing a high rate of inflation. The government wants to reduce consumption by $36 billion to reduce inflationary pressure. The mpc is 0. 75. By how much should the government raise taxes to achieve its objective?.
GDP reduced by $ 36 billion
MPC=.75
so tax should be increased by 36000/.75=$48billion
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for the first few workers that a firm hires, marginal product and average product are both increasing. which is greater, marginal product or average product?
For the first few workers that a firm hires, marginal product and average product are both increasing. Here, the Marginal product Greater Than Average product.
The marginal product is growing and is above average for the first few quantities of the variable input (workers). An increasing average product would explain this.
In this early stage of production, for instance, if Waldo (owner of Waldo's TexMex Taco World) adds a new employee, their marginal product (i.e., additional contribution) will be higher than that of the current employees. As a result, this raises the mean for all employees.
Because the marginal is greater than the average, average product continues to rise even after the law of diminishing marginal returns takes effect and marginal product declines.
The extra output produced as a result of more input going into a business is known as the marginal product.
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the government is deciding where to put a $1 tax-either in a market with elastic supply and demand curves, or a market with inelastic supply and demand curves. if their aim is to raise the most revenue with the smallest deadweight loss, where should the tax be placed?
In the market with inelastic supply and demand curves the tax should be placed if their aim is to raise the most revenue with the smallest deadweight loss.
In economics, a demand curve is a graph that shows the relationship between a commodity's price and the amount that is desired at that price. Demand curves can be applied to both the price-quantity relationship for a single consumer as well as for all consumers in a given market.
In the context of accounting, revenue refers to the total income from sales of products and services that are directly related to the company's core operations. Sales or turnover are two other terms for commercial revenue. Interest, royalties, and other fees are sources of income for some businesses. Sales, sales revenue, or net sales are all terms used to describe a company's primary sources of income.
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ou have $20,000 to invest. you want to purchase shares of xerox at $17.34, qwest at $8.15, and liz claiborne at $44.73. how many shares of each company should you purchase so that your portfolio consists of 25 percent xerox, 40 percent qwest, and 35 percent liz claiborne?
0.673= Liz Claiborne.
Total Investment=$20000
Xerox 25 percent=20000*25% =5000
Qwest 40 percent=20000*40% =8000
Liz Claiborne 35 percent=20000*35% = 7000
Total portfolio is 5000×$17.34 + 8000×$8.15 + 7000×$44.73 = 86700+65200+313110=$465010
Xerox weight = 5000×$17.34 / $465010 = 0.186
Qwest weight = 8000×$8.15 / $465010 = 0.1402
Liz Claiborne weight = 7000×$44.73 / $465010 = 0.673
By means of funding, economists suggest the production of goods with the purpose to be used to supply other goods. This definition differs from famous usage, wherein choices to purchase stocks (see stock market) or bonds are concepts of as investments. funding is typically the end result of forgoing consumption.
Investments are usually bucketed into 3 foremost categories: stocks, bonds, and cash equivalents. there are many special sorts of investments within every bucket. right here are six forms of investments you might don't forget for a lengthy-term increase, and what you need to recognize about each.
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velocity isa. the annual rate of turnover of the money supply.b. the annual rate of turnover of business inventories.c. highly unstable.d. impossible to measure.
Velocity is the annual rate of turnover of the money supply.
What is turnover rate?The accounting notion of turnover determines how rapidly a corporation runs its operations.The ratios involving accounts receivable and inventories are used in the most popular measurements of corporate turnover. These are known as inventory turnover and accounts receivable turnover, respectively.Accounts receivable turnover reveals how rapidly money is being paid in relation to credit sales throughout a given time frame, such a month or a year.Inventory turnover, which measures how quickly a company sells its inventory during a specific time period, is calculated by dividing the cost of goods sold (COGS) by average inventory.The percentage of a portfolio sold in a given month or year is referredTo learn more about turnover rate, refer to
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assurance services differ from consulting services because group of answer choices assurance services focus on improving information and generally do not involve situations in which one party wants to monitor another. assurance services usually involve situations in which one party wants to monitor another and focus on improving information. assurance services focus on providing advice and involve two-party arrangements. assurance services focus on providing advice and usually involve situations in which one party wants to monitor another.
As assurance services frequently entail scenarios where one party wants to monitor another and concentrate on improving information, they differ from consulting services.
Consulting services are not included in assurance services. Because they are both provided utilizing a similar set of knowledge and abilities, assurance and consulting services frequently overlap. The difference between assurance and advisory services and consulting services is that the former concentrate on information improvement while the latter aim to offer counsel.
Additionally, as opposed to the typical two-party agreements in consulting engagements, assurance and advisory services frequently involve monitoring of one party by another (typically within the same organization).
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peking palace company reported the following: standard quantity per unit 3 lbs. standard price per pound $2.75 actual pounds used 15,000 lbs. actual price per pound $2.90 number of units produced 5,070 what is the direct materials quantity variance? a.$609.00 unfavorable b.$577.50 unfavorable c.$(577.50) favorable d.$(609.00) favorable
Option c. $577.50 favourable is the correct answer. The direct material quantity variance is $577.50 favourable
Standard quantity per unit 3 lbs
Standard price per pound = $2.75
Actual pounds used = 15,000 lbs
Actual price per pound = $2.90
Number of units produced = 5,070
Now,
The direct materials quantity variance is given as;
= | ( Actual quantity - Standard quantity ) | × Standard price
= ( 15,000 lbs - {Standard quantity per unit × units produced}) × $2.75
= ( 15,000 lbs - { 3 × 5,070}) × $2.75
= | ( 15,000 lbs - 15,210 ) | × $2.75
= $577.5
Since,
The standard quantity is higher than the actual quantity
thus,
$577.5 favourable
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to raise the funds for the major improvements needed at the funeral home, mort has talked to two investors about incorporating his business and selling them shares of stock in the company. mort is considering the use of multiple choice commercial paper. revolving credit. equity financing. debt financing.
To raise the funds for the major improvements needed at the funeral home.The use of equity financing occur.
Equity funding:Equity funding is when you raise money by dealing shares in your business, either to your being shareholders or to a new investor. This does not mean you must surrender control of your business, as your investor can take a nonage stake.
What's the purpose of equity financing?Equity backing is the process of raising capital through the trade of shares. Companies raise plutocrat because they might have a short- term need to pay bills or have a long- term thing and bear finances to invest in their growth.
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although meant to protect the interests of american farmers, how did the smoot-hawley tariff hurt the global economy?
The smoot-hawley tariff negatively affected the global economy as it increased the duties at a time when countries were still struggling to repay their debts.
The Smoot-Hawley Tariff Act of 1930 increased import duties to shield American farmers and other businesses from global competitors. It is commonly believed that the Smoot-Hawley Tariff Act contributed to the harshness of the Great Depression in the United States and around the world. The law's official name is the United States Tariff Act of 1930.
The Great Depression and the expenditures of reconstruction after World War I had already put a burden on the economy of the countries affected by Smoot-tariff Hawley's increases. Germany was already having trouble paying war reparations to the United States and other winning allies and was one of the noteworthy loser in the trade wars.
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in order for a adroc development corp. to receive approval to build a new subdivision, it is required to create a community park bordering the development. the developer agreed to do so, but what may the city require to ensure the park actually gets completed?
So that adroc development corp. A community park must be built along the boundary of a new subdivision in order to receive approval. The developer agreed to do so, but the city may require a completion bond to guarantee the park's completion.
What exactly is a completion bond?
A contract known as a completion bond promises financial compensation in the event that a project is not completed. It safeguards the project in the event that the contractor runs out of money or encounters other budgetary issues. Films, video games, and construction projects are among the many industries that make use of completion bonds.
What exactly is a bond growth?
A development impact bond is a type of security that attracts private investors to finance development programs in low-resource nations. A subset of social impact bonds are development impact bonds.
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reese is comparing retirement plans with prospective employers. abc, inc., offering a salary of $38,000, will match 75 percent of his contributions up to 10 percent of his salary, his maximum contribution. xyz company will match 100 percent of this contribution up to 6 percent of salary, but he can contribute up to 15 percent of his income. xyz company is offering a $35,000 salary. if reese assumes that he will contribute the maximum amount allowed and keep these first-year retirement funds invested for 30 years with a 9 percent return, how much would each account be worth?
XYZ Total Contribution = $7350
XYZ Future Value of Contribution = $97517
XYZ Total Contribution = Salary in XYZ x Maximum Matching Contribution x Matching % + Personal Contribution
XYZ Total Contribution = 35000 x 6% x 100% + 35000 x 15%
XYZ Total Contribution = $7350
XYZ Future Value of Contribution = XYZ Total Contribution x (1 + Interest)^Years
XYZ Future Value of Contribution = 7350 x 1.09^30
XYZ Future Value of Contribution = $97517
Future value (FV), a financial concept, determines the value of an asset based on anticipated factors, such as future interest rates or cashflows. Knowing how much their investment would be in five years, given a projected rate of return, may be valuable for an investor.
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the tangibles that make up the service, such as buildings, landscaping, vehicles, furnishings, signage, brochures, and equipment, comprise which element of the seven ps of services marketing?
The tangibles that make up the service, such as buildings, landscaping, vehicles, furnishings, signage, brochures, and equipment, comprise the "physical evidence" element of the seven ps of services marketing.
The seven Ps of marketing are:
productprice promotionplacepeopleprocess and physical evidence/proofPhysical evidence demonstrates both the existence of your brand and the fact that a transaction occurred. If your company just does business online, a website would be an example of proof of your brand's existence, as would printed business cards you hand out when you meet new people.
Physical or electronic receipts, invoicing, or follow-up email newsletters you send to consumers as a retention strategy are a few examples of proof of purchases.
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comparing amounts selected from the payroll account analysis for payroll accruals to supporting documentation would provide evidence primarily for which assertion?
Existence would be shown by comparing amounts chosen from the payroll account analysis for payroll accruals to supporting documentation. The accounting function examines the reconciliation of employee perks including gratuities and superannuation plans.
The accounting function known as payroll accounting oversees the administration, documentation, calculation, and analysis of employee remuneration. Along with determining the employee salaries, they also work on calculating taxes and benefits.
When a corporation records the compensation of its employees, including their gross wages, salaries, bonuses, commissions, and other earnings, payroll taxes, such as federal income taxes, are withheld.
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a 17 year old building would cost $245,000 to build new today. you estimate the effective age to be 15 years, the remaining economic life is 45 years and the land value to be $65,000. what is the value by the cost approach?
A 17 year old building would cost $245,000 to build new today. you estimate the effective age to be 15 years, the remaining economic life is 45 years and the land value to be $65,000. The value by the cost approach 229150.
What is effective age?Effective age is the age that reflects the actual remaining useful life of the asset, taking into account the typical life expectancy of the building or its equipment class and its use. Effective Age is the age indicated by the condition and usefulness of the structure. statement is true. The formula for the cost approach is: 12 year old building in good condition is 6 years old according to appraiser. This is known as the effective age.Effective Age is an estimated age based on the usefulness and physical wear and tear of the structure. Effective age is a term used by appraisers to state the age of property based on its current condition rather than its actual age.To learn more about effective age from the given link :
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metro holding company agrees to sell a vacant lot to new town property llc. the contract provides that if metro does not close the deal by october 15, it must pay new town one-half of the contract price. this provision is not enforceable because it is
The Metro Holding Company agrees to sell a vacant lot to New Town Property LLC. If the deal is not finished by October 15, Metro is required by the contract to pay New Town half of the agreed-upon amount. This clause is unenforceable since it contains a penalty provision.
An example of a penalty clauseA penalty clause is a provision in a contract that establishes disproportionately high liquidated damages as punishment for breaching the terms as opposed to an accurate prediction of the harm the violation would result in.
What wording should be used in a penalty provision to make it enforceable?Make sure that the innocent party fulfills the principal responsibility in a way that is appropriate for any legitimate interests that may be present.
Check to see if there is a true estimation of
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what is the pool of money that is collected from a $3 check-off on the federal income tax form that is available to presidential candidates for campaign expenses?
To participate in the primary matching fund program, a presidential candidate must demonstrate broad support by raising more than $5,000 in matching contributions in each of 20 different states.
Moreover, under the Presidential Public Financing Program, eligible presidential candidates receive funds from the federal government to pay qualified expenses for their political campaigns in the primary and general elections.so thats whyTo participate in the primary matching fund program, a presidential candidate must demonstrate broad support by raising more than $5,000 in matching contributions in each of 20 different states. Candidates must agree to use public funds only for campaign expenses and must adhere to spending limits.
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Examine how the performance of a school or college might impact on any two of its stakeholder groups. [6 marks]
Individuals, institutions, organizations, or groups can all be stakeholders. Stakeholders may directly participate in the activity (such as teachers, officials, or students) or may only have an impact on it (for example, parents, employers, textbook publishers).
What factors might impact academic performance?A number of variables, including students' learning abilities, parental background, peer pressure, teacher quality, and learning infrastructure, have an impact on students' academic achievement.
What are the two most crucial elements to raising student performance?Good leadership is the first component.
Having high standards for both teachers and students is the second aspect.
The continuous evaluation of student development and performance is the third attribute of a successful school.
Why are the stakeholders significant in accomplishing an institution's or school's educational objectives?Stakeholders possess the tools, knowledge, and opportunities as well as the compassion, wisdom, and love required to support the educational system's objectives and provide the conditions for our children to prosper both now and in the future.
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