Answer:ayton Company purchased tool sharpening equipment on October 1 for $108,000. The equipment was expected to have a useful life of three years, or 12,000 operating hours, a residual value of $7,200. The equipment was used for 1,350 hours during year 1, 4,200 hours in Year 2, 3,650 hours in Year 3, and 2,800 hours in Year 4.
Required: Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) units-of-output method, and (c) the double-declining-balance method.
a. Straight-line method. Answer Year 4 amount.
Year Amount
Year 1 $8,400
Year 2 $33,600
Year 3 $33,600
Year 4 $_____
c. Double-declining balance method. Answer years 2 to 4.
Year Amount
Year 1 $18,000
Year 2 $_____
Year 3 $_____
Year 4 $_____
Explanation:
There are over 850 occupations that can be learned through an apprenticeship.
Answer:
When evaluating possible careers, you should match the career information you researched to your personal interests and resources. How can you make sure you are being realistic when setting goals?
Suppose a dramatic increase in stock prices increases the real wealth of most households . Using the AD / AS model , illustrate and explain what the likely effect on the equilibrium level of GDP , price level , and unemployment is .
Real wealth would decline, current spending would decline, and saving would rise. Whatever wealth a person has will be worth less in real terms as prices rise. This is due to the fact that a rise in price levels results in a decrease in the value of money.
Households and commercial enterprises endeavor to when the price level rises.E) An excessive demand for money results in bond purchases, which raise interest rates. 52) Ceteris paribus, as the price level rises, households and businesses attempt to A) lower their cash balances, which raises interest rates.
How are actual wealth and total demand impacted by a drop in price level?The real wealth effect is based on the idea that it costs less money to purchase goods and services when prices are lower. You feel wealthy and your money is now worth more. Thus, real GDP will rise in reaction to a drop in the price level.
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Derrald Company manufactures snowboards. Estimated costs for Year 1 were as follows:
Direct labor........................................................................................... $31,000
Bonuses paid to factory supervisors.................................................... 9,000
Interest expense..................................................................................... 32,000
Depreciation on manufacturing equipment..................................... 18,000
Indirect labor.......................................................................................... 11,000
Direct materials...................................................................................... 36,000
Income tax expense.............................................................................. 26,000
Indirect materials................................................................................... 14,000
Property taxes on the corporate office building............................... 18,000
Estimated direct labor hours were 40,000.
Actual data for Year 1 are as follows:
Total manufacturing overhead: $120,000
Direct labor hours: 60,000 hours
The predetermined manufacturing overhead rate is determined on the basis of direct labor hours. Which ONE of the following statements is TRUE?
Applied overhead was LESS than actual overhead by $42,000
Applied overhead was MORE than actual overhead by $68,000
Applied overhead was LESS than actual overhead by $22,000
Applied overhead was MORE than actual overhead by $52,000
Applied overhead was MORE than actual overhead by $22,000
Applied overhead was MORE than actual overhead by $42,000
Applied overhead was LESS than actual overhead by $52,000
Applied overhead was LESS than actual overhead by $68,000
The true statement is A. Applied overhead was LESS than actual overhead by $42,000.
What is the difference between applied and actual overheads?The difference between the applied overhead and the actual overhead gives rise to either overapplied or underapplied overhead.
Overapplied overhead arises when applied overhead is more than actual overhead.
Underapplied overhead arises when the actual overhead exceeds the applied overhead.
Note that applied overhead is based on the predetermined overhead rate(s), which are estimates.
Estimated Manufacturing Overhead Costs:Bonuses paid to factory supervisors $9,000
Depreciation on manufacturing equipment $18,000
Indirect labor $11,000
Indirect materials $14,000
Total estimated manufacturing overhead costs = $52,000
Estimated direct labor hours = 40,000 hours
Predetermined overhead rate = $1.30 ($52,000/40,000)
Actual manufacturing overhead costs = $120,000
Actual direct labor hours = 60,000
Applied overhead = $78,000 (60,000 x $1.30)
Underapplied overhead = $42,000 ($120,000 - $78,000)
Thus, the true statement about the overhead application is Option A.
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Why are private and public companies alike
Both public and private companies are alike because, both kinds must hold annual meetings, establish a board of directors, keep meeting minutes, and keep a list of shareholders and their holdings.
What are private and public companies?Privately owned businesses are, unsurprisingly, privately owned. This indicates that the company is often owned by its founders, management, or a collection of individual investors. A public company, on the other hand, is one that has undergone an initial public offering (IPO) in which it has sold all or a portion of its stock to the public, giving shareholders an interest in some of the firm's assets and earnings.
Both public and private corporations must hold annual meetings, appoint a board of directors, maintain meeting minutes, and maintain a list of shareholders and their holdings. For these reasons, both types of businesses are similar.
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Which is an example of an automated process?
Answer:
Third response
Explanation: It looks like the only right answer
is cultural ethics is neither true nor false
Yes, cultural ethics is neither true nor false.
Cultural ethics: what are they?Ethics refers to standards of behavior regarding proper and improper actions within a society or group — not always from a legal standpoint, but from a cultural or human perspective.
Cultures differ between historical eras, between nations and geographical locations, and within and between groups and organizations. The principles of morality and ethics that guide how people should act and communicate with one another are reflected in culture.
The culturalist approach to ethics is neither accurate nor incorrect. It's a response to the way things are in the world, where there are many different sets of moral standards. A culturalist ethics recognizes other societies and their customs but gives up on moral advancement.
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Macey, Inc.'s investment center had average operating assets of $350,000, revenues of $1,050,000 and net operating income of $70,000. Return on investment is Blank______.
Return on investment is 20%. As Macey, Inc.'s investment center had average operating assets of $350,000, revenues of $1,050,000 and net operating income of $70,000.
What is Return on investment?Return on investment is the calculation of an investment's value relative to its cost. ROI is determined by dividing cost by (profit - cost). Your investment's return on investment (ROI), or the proportion of profit generated from a $1,000 investment, would be 0.9, or 90%.
Here are a few methods for calculating ROI. The most common is ROI, which is determined by multiplying the cost of an investment by 100 and net income.
Thus, Return on investment is 20%.
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Task 1: Wholesale and Retail Customers
Using a product of your choice list three ways in which sales to wholesale customers would
differ from sales to retail customers.
Type your response here:
Task 2: Pyramid Scheme
Herbalife is a multilevel marketing company that has recently come under criticism from
investors as being nothing more than a pyramid scheme. Using online research, summarize
both sides of this argument in about 300-400 words.
Type your response here:
Who buys the products that are for sale is a major difference between retail and wholesale. The end user or consumer buys the product directly from the retail store in a retail setting. Instead of selling directly to customers, a wholesaler sells goods to other retail establishments.
What is the contrast between a retail and discount credit might you at any point site a model?Who buys the goods being sold is a major difference between retail and wholesale. The consumer, or end user, buys the product directly from the retail store in a retail setting. A wholesaler, on the other hand, sells goods to other retail stores rather than directly to customers.
What is retail trade and wholesale trade?Retail businesses also sell products, but unlike wholesalers, retailers sell products to the general public in small quantities for personal or household consumption. Retailers sometimes sell products to organizations and businesses.
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Answer:
I answered task 1 and gave a video for task 2
Explanation:
I chose to do Shirts as the product of my choice. The first way in which way sales to wholesale customers would differ from sales to retail customers would be wholesale customers buying the shirts in bulk for a discounted price, while retail customers buy from the wholesale customers and sell the shirts to the final buyer. The second way that wholesale customers are different from retail buyers is wholesale customers sell to owners and businesses while retail customers deal with customers and plain Janes. Wholesale and retail customers have big differences as retail customers aim towards 30 % to 50 % profit.
(Please just use this as an idea, you don't learn from cheating!)
Task 2: Use this video there is a ton of information!
https://slidebean.com/story/is-herbalife-a-pyramid-scheme
what is the attitude of people aged 25-35 towards staycation
The attitude of people aged 25-35 towards staycation should be relaxed not really excited, because they are familiar with the environment, also they will engage other home activities ,for example swimming, social gatherings, hiking etc. This would create room for them to be able rest due to the fact that aren't actively involved in much long distance travels.
What is staycation? staycation is when one chooses to stay home during time off or leave instead of travelling
An example of a staycation is visiting a natural resort or local testing as if you were a tourist in your own town. A vacation in which one does not travel away from home.
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What is team building and give example
Julie wants to buy a car and is deciding how she should invest her money. To best meet her needs, she should
keep her money in a checking account for easy access.
invest in US savings bonds because of its short term.
invest in a commodity because of its low risk.
keep her money in a savings account for easy access.
Julie is considering purchasing a car and determining how to invest her money. Because of the short term, she should invest in US savings bonds to best satisfy her needs.
What is US saving bonds?United States savings bonds are liability instruments issued by the United States Department of the Treasury to assist the federal government in meeting its borrowing needs.
Because they are guaranteed by the full faith and credit of the United States government, US savings bonds are regarded as one of the safest investments, it is benefited for the investor to invest in these bonds for short term for more returns.
Therefore, option B is correct.
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Which of the following companies has the lowest degree of leverage?
Review Later
50% Debt, 50% Equity
90% Debt, 10% Equity
20% Debt, 80% Equity
30% Debt, 70% Equity
Due to the low ratio of debt in the capital structure, 20% Debt, 80% Equity has the lowest level of leverage among the four situations.
What is leverage?In the world of finance, leverage refers to any strategy that involves borrowing money to make purchases with the expectation that future earnings will be several times greater than the cost of borrowing. Leverage is a strategy that increases a little input force into a larger output force. It is called after the lever in physics because it successfully increases the relatively small amount of money required for borrowing into significant quantities of profit. The significant danger of not being able to repay a sizable loan is a downside to the strategy, though. Gains may be multiplied by using leverage. On the other side, losses are also doubled, and there is a chance that leveraging will cause a loss if the financing expenses outweigh the asset's income or if the asset's value decreases.
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As a human capital mgt, (HND) write a letter to any company of your choice telling then of how you can help them to impact their organization mgt system that fall and help then to improve productivity in the organization structure community.
Based on the content of the questions, writing a letter to any company and telling them how to assist them to impact and improve their organization mgt system that falls will require a Business Application Letter
What is Business Application Letter?A business Application Letter is a form of a letter written by individuals or business firms to explain why one is the perfect fit for the advertised position or the work one wants to execute for the client.
In this case, the Business Application Letter you will write as a human capital manager will include the following:The first paragraph will introduce yourself and your expertise.The second paragraph will explain the cause of the organization's management system that fails.The third paragraph will briefly mention alternative solutions to the organization management system failureThe fourth paragraph will briefly explain how to apply and implement the solution you'll be utilizing for themThe fifth paragraph will state the benefits of employing you for the job.You will then conclude the letter with a salutation and positive expectations from them.Hence, in this case, it is concluded that the correct approach to solve this situation is to write a Business Application Letter.
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1. The goals of the Federal Reserve's monetary policy are to keep: unemployment low and the inflation rate stable. unemployment low and the inflation rate at zero percent . money supply stable and the unemployment rate at zero percent. money supply low and the unemployment rate at zero percent .
The goals of the Federal Reserve's monetary policy are to keep money supply stable and the unemployment rate at zero percent.
What is the Federal Reserve's monetary policy?The Federal Reserve Act can be described as the mandates which is the Federal Reserve conduct monetary policy that helps in the promotion of effective goals of maximum employment as well as the stable prices.
It should be noted that this policy do help to acheive a moderate long-term interest rates in the economy as well as the regulation of the activities that can be of hlp to the economy of the country.
Therefore, the third option is correct.
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A business plans to make 30,000 coats per annum, each taking 1.5 direct labour hours. If
the direct labour rate is $8 per hour and a pay rise of 20% is awarded halfway through the
year, what the is total annual direct labour budget?
A business makes 15,000 coats annually. Each coat taking 1.5 labor hours. The direct labor rate is $8.
Total cost= 15,000X1.5X$8 =$1,80,000 p.a.
What is Total cost?Total cost is the term used to describe the total cost of manufacturing, which includes both fixed and variable costs.
The total cost is the term used in economics to describe the costs involved in producing a good.
A business's cost is frequently the investment made to produce the good or service it sells. Price is a reflection of a customer's willingness to pay for a commodity or service.
First half year labor cost=$1,80,000/2
= $90,000
After rising the price by 15%
Second half year labor cost=$90,000X1.15
=$1,03,000
Total budget=$90,000+1,03,000
=$1,93,000.
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Why does geographic location affect the cost of premiums? (1 point)
O There are less car mechanics in certain areas so the cost to repair is higher.
O Because people in urban areas tend to buy flashier cars.
Because insurance companies review the statistical history of claims for an area and if there is an
increased risk of claims for accidents or theft, they will raise the premium.
O Because insurance companies believe that people in urban areas should use mass transit.
The right response is an option (c), meaning that premiums will be increased if there is a higher chance of claims for accidents or theft. Insurance firms examine the statistical history of claims for a region.
Why does geography affect how much a premium will cost?Pricing may be less expensive in a market that is nearby than it would be in a market that is farther away because of the lower cost of transportation. If the products are competing in a crowded market with many other high-quality options for customers, prices may be lower.
Why do medical expenses vary by location?Spending and utilization variations between geographical areas may be the result of individual or regional-specific variables. Individual features and interests of people residing in each of the various geographic locations are examples of person-specific elements that influence the need for care.
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Answer:
the correct answer is c
Explanation:
because insurance companies review the statistical history of claims for accidents or theft.....
Lewis Company reports the following fixed budget and actual results for May. Prepare a flexible budget performance report showing
variances between budgeted and actual results. (Indicate the effect of the variance by selecting favorable, unfavorable, or no
variance.)
Sales (units produced and sold)
Sales (in dollars)
Variable costs
Fixed costs
For Month Ended May 31
Sales
Variable costs
Contribution margin
Fixed costs
Income
Fixed Budget
1,380
$ 1,200 per unit
$ 480 per unit
$ 152,000
LEWIS COMPANY
Flexible Budget Performance Report
Flexible Budget Actual Results
(1,580 units) (1,580 units)
Variances
Actual Results
1,580
$ 1,961,000
$ 799,000
$ 140,000
Favorable/Unfavorable
Sales were favorable in the given budget.
Variable expenses were unfavorable in the given budget.
Contribution margins were Favorable.
Income was Favorable.
Fixed budget was Favorable.
This is how budget performance would look like.
What is budget performance?
A performance budget is one that reflects both the input of resources and the output of services for each unit of an organization. The goal is to identify and score relative performance based on goal attainment for specified outcomes.
Performance indicators include:
It’s relevanceCost-effectivenessComparabilityRepresentativeHence, this is how budget would be decided on basis of being favorable or unfavorable.
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In Gert Jan Hofstede’s interview of his father Geert Hofstede, Geert defines Power Distance as the __________ relationship or distance between the person at the top (in a higher organizational position) and the person below (in a lower organizational position).
Geert defines power distance as the observed relationship or distance between the person at the top (in a higher organizational position) and the person below (in a lower organizational position).
What do we known as Power distance?Basically, a power distance describes how people belonging to a specific culture view power relationships such as superior/subordinate relationships between the people including the degree that people not in power accept that power is spread unequally.
The term "power distance" is one of the dimensions of Geert Hofstede's cultural dimensions theory but the other dimensions include individualism, masculinity, uncertainty avoidance index and long-term orientation.
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Which statement about credit history is true?
Consumers must pay for a copy of their credit report.
Consumers should check their credit reports for errors.
Consumers have the right to give input into their credit scores.
Consumers can start with a clean credit report after bankruptcy.
Consumers have the right to give input into their credit scores statement about credit history is true. Your payback history for debts like loans and credit cards is documented in your credit history.
Your credit reports include information on your credit history as well as extra financial data. Despite the fact that ranges vary depending on the credit scoring methodology, credit scores history between 580 and 669 are typically regarded as fair, 670 to 739 as good, 740 to 799 as very good, and 800 and higher as extraordinary. Your credit reports detail the kinds of credit accounts you've had, your payment history, and other details including your credit limitations.
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Regardless of what kind of business you work in, most business decisions will
include some level of consideration for ethical, moral, and legal choices.
Compare and contrast how each of these elements-ethical, moral, legal-play a
role the decision-making process for various business situations.
Employment practices, human rights, environmental standards, corruption, and the moral obligation of international corporations are the most pressing ethical concerns in an international business.
What do you mean when you talk about the significance of business ethics and the ethical issues that arise in business?
The implementation of appropriate business policies and procedures regarding potentially contentious topics is referred to as business ethics. Corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities are some of the topics that come up in discussions of ethics.
Outsourcing, working standards and conditions, workplace diversity and equal opportunity, child labor, and human rights are some of the most common ethical issues in international business.
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You are a manager in an electronics department that sells TVs. Corporate headquarters has provided a new incentive to salespeople—they will receive higher commissions when they sell higher-priced TV models. What should you do to maintain high ethical integrity in your department?
Analyzing the scenario, to maintain high ethical integrity in your department, it is necessary for salespeople to offer all available options to customers, so that they analyze their need.
What are sales techniques?It corresponds to a set of actions and attitudes that sellers can develop to make more sales, such as offering quality service, using emotional and persuasive triggers, as well as negotiation techniques, helping and directing customers to buy a particular good.
To sell the higher priced TV models, sellers could then demonstrate through the product's features all its benefits, payment methods and conditions so that it is aligned with consumers' needs.
Therefore, the technique and strategy of ethical and honest sales is essential to transmit reliability, strengthen relationships and create value for the consumer.
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You are the manager of a monopoly. Your analytics department estimates that a typical consumer’s inverse demand function for your firm’s product is P = 200 – 20Q, and your cost function is C(Q) = 80Q.
a. Determine the optimal two-part strategy pricing strategy.
b. How much additional profit do you earn using a two-part pricing strategy compared with charging this consumer a per-unit price?
A two-part pricing strategy is one that could be realistic or possible for a monopolist or a firm operating in a very imperfectly competitive market.
Specifically, the firm would be selling a homogeneous product to a more-or-less homogeneous clientele with similar demand curves.
What is a per-unit price?Unit pricing is a pricing method by which buyers can evaluate the actual costs of products. A unit price is the price per unit of the product, which can be evaluated for any product, irrespective of how made. Unit pricing has important applications both in the corporate world and in consumer economics.
Therefore, the correct answer is as given above.
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Which sector would make the most sense for someone who intends to create their own line of apparel and handmade jewelry?
1.) Tech Product
2.) Education
3.) Physical Product
4.)Service
Answer:
3
Explanation:
Physical Product
Assume a company reported the following results:
Sales $ 400,000
Variable expenses 260,000
Contribution margin 140,000
Fixed expenses 40,000
Net operating income $ 100,000
Average operating assets $ 775,000
The return on investment (ROI) is closest to:
The return on investment (ROI) is closest to Residual income = $ 4000
What is the investment?Investment is the ceremonial of money to purchase an asset to attain an increase in value over a time period of time. Investment requires a sacrifice of some present quality, such as time, medium of exchange, or effort. In finance, the purpose of investing is to generate a return from the invested asset.
Margin = 25%
Turnover = 0.67 times
ROI = 16.67%
Residual income = $ 4000
Therefore, The return on investment (ROI) is closest to Residual income = $ 4000
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Select the correct answer.
Excel Tractors Inc.'s opening inventory was $50,000 and the inventory at the end of the year was $65,000. How will this information affect the cas
flow statement (indirect method)?
OA. difference of $15,000 will be deducted from net income
OB.
difference of $15,000 will be added to net income
OC. opening inventory of $50,000 will be added to net income
OD.
closing inventory of $65,000 will be deducted from net income
OE. closing inventory of $65,000 will be added to net income
According to the indirect method, in the Excel Tractors Inc's company difference of $15,000 will be added to net income.
Indirect method:
Indirect method refers the way to present data that shows how much money a company spent or made during a certain period and from what sources and it takes the company's net income and adds or deducts balance sheet items to determine cash flow.
Given,
Excel Tractors Inc.'s opening inventory was $50,000 and the inventory at the end of the year was $65,000.
Here we need to find the information affect the cash flow statement by using the indirect method.
Through the given question, we have identified the following,
Opening inventory = $50,000
Ending inventory = $65,000
So, the difference between these opening and closing inventory,
=> 65000 - 50000
=> 15000
Therefore, the ending inventory is 15,000 increased.
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Should Albert attend one of these top tier colleges for engineering? If so, which one? Or should he look at lower ranked schools in TX? Explain your answer
Answer: Rice University
Explanation:a lot of latinos go there
What is the rationale behind a tradable emission allowance scheme?
Trading emissions permits emission reductions to occur in locations where they can be accomplished at the lowest cost, which in turn lowers the total cost of mitigating the effects of climate change. This is the logic behind emissions trading.
What is a tradable emission allowance scheme?Generally, A limit (or cap) on pollution and tradable permits equal to the limit that allows allowance holders to emit a certain amount (such as one ton) of the pollutant are the two primary components of emissions trading schemes.
Tradeable allowances are licenses that are sold or otherwise provided by the government that allows for a certain quantity of pollution to be emitted.
These permits are also frequently referred to as pollution permits. They were included in the Clean Air Act amendments of 1990 that were passed in the United States (see MRU video on the left below).
In conclusion, Trading emissions makes it possible for reductions in emissions to take place in regions where they can be achieved at the lowest cost. This, in turn, reduces the overall cost of mitigating the consequences of climate change. The concept of exchanging emissions follows this line of reasoning.
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Art Neuner, an investor in real estate, bought an office condominium. The market value of the condo was $220,000 with a 70% assessment rate. Art feels that his return should be 12% per month on his investment after all expenses. The tax rate is $31.50 per $1,000. Art estimates it will cost $275 per month to cover general repairs, insurance, and so on. He pays a $140 condo fee per month. All utilities and heat are the responsibility of the tenant. Calculate the monthly rent for Art.
Note: Round your intermediate calculations and final answer to the nearest cent.
Monthly rent:?
The monthly rent for Art is 1,062.67
What is the Monthly rent?Generally, The monthly installment of the Minimum Annual Rent plus the monthly installment of projected Annual Operating Expenses that the Tenant is responsible for paying under this Lease is referred to as the Monthly Rent.
In December 2021, the government of Lagos State announced that it planned to begin enforcing a monthly rent system across the state starting in January 2022.
Tenants in the state would no longer be obliged by their landlords to pay their rent one, two, or three years in advance as a result of one of the features of the new Tenancy Laws. This was previously required by the landlords.
The equation for the Assessed Value is
Assessed Value =Value of Property * Rate of Assessment
= 315,000 *70%
=220,500.00
Annual Rent =Tax + Annual General Repair and insurance expense
=$220,500 *[tex]\frac{31.50}{1,000}[/tex]+( 250 /12)+( 120 *12)
=11,385.75
Monthly Rent = Annual Rent / 12$
[tex]\frac{\$ 11,385.75}{12}[/tex]
= $948.81
Monthly Rent of Art = Monthly Rent x (1 + Required return)
= 948.81 *(1+12%)
=1,062.67
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Which measure of prices includes all of the final goods and services in a nation's
output?
The GDP deflator measure of prices includes all of the final goods and services in a nation's output.
The implicit price deflator and GDP price deflator are other names for the GDP deflator. It will make it easier to gauge how much the pricing of various commodities and services produced inside an economy have changed. This is also used by economists to compare the real level of economic activity in one economy from one year to the next.
The quantity of goods created in an economy with the use of labor, equipment, and raw materials that are available for sale in the market to customers and contribute to the creation of profit is known as output.
The main quantitative indicator of economic activity is the gross domestic product. It is a measurement of the total market value of all finished goods and services produced within a nation's borders in a given year.
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Please help and read carefully, I attached everything that should be helpful
I attached some examples from the book
