a. (U²/36)² = XY, this equation represents a generic indifference curve with utility U.
b. 100² = XY, this equation represents the specific indifference curve for U = 1800.
c. subject to the constraint 3X + 4Y = 60.
A generic indifference curve is a graphical representation used in economics to depict a consumer's preferences and choices. It shows different combinations of two goods or commodities that provide the consumer with an equal level of satisfaction or utility.
a. To determine the equation for a generic indifference curve with utility U, we can use the consumer's utility function
[tex]U(X, Y) = 6X^{0.5Y}^{0.5}.[/tex]
To find the equation, we equate the utility function to U and solve for Y in terms of X:
[tex]U = 6X^{0.5Y}^{0.5}[/tex]
Taking the square of both sides to eliminate the square root:
[tex]U^{2} = 36X^{0.5Y}^{0.5}[/tex]
Dividing both sides by 36:
[tex]U^{2/36} = X^{0.5Y}^{0.5}[/tex]
Simplifying further:
[tex]U^{2/36} = (XY)^{0.5}[/tex]
Taking the square of both sides again:
(U²/36)² = XY
This equation represents a generic indifference curve with utility U.
b. To sketch the indifference curve for U = 1800,
we substitute U = 1800 into the equation we derived in part (a):
(1800²/36)² = XY
Simplifying the equation:
100² = XY
This equation represents the specific indifference curve for U = 1800.
c. Given that the consumer has $60 in wealth, X costs $3 per unit, and Y costs $4 per unit, we can determine the consumer's optimal bundle using the concept of budget constraint and utility maximization.
The budget constraint is given by:
3X + 4Y = 60
To find the optimal bundle, we maximize the consumer's utility function subject to the budget constraint:
Maximize U(X, Y) = [tex]6X^{0.5Y}^{0.5}[/tex]
subject to the constraint 3X + 4Y = 60.
By using optimization techniques such as Lagrange multipliers or substitution methods, we can solve for the optimal values of X and Y that maximize utility within the budget constraint.
To learn more about utility function, visit:
https://brainly.com/question/32914994
#SPJ11
a) The equation for a generic indifference curve is Y = (ubar/6X)^2, where ubar represents the constant level of utility.
b) The indifference curve for ubar = 1800 is represented by the equation Y = (1800/6X)^2.
c) The consumer's optimal bundle can be found by maximizing utility subject to the budget constraint of 3X + 4Y = 60.
a) To find the equation for a generic indifference curve, we set the utility function U(X,Y) equal to ubar and solve for Y in terms of X. For the given utility function U(X,Y) = 6X^0.5Y^0.5, the equation for the indifference curve is Y = (ubar/6X)^2.
b) Sketching the indifference curve for ubar = 1800 involves plotting the values of X and Y that satisfy the equation Y = (1800/6X)^2. By selecting different values of X and calculating the corresponding Y values, we can create a curve that represents the combinations of X and Y that yield a utility level of 1800.
c) To find the consumer's optimal bundle, we maximize utility subject to the budget constraint. With $60 in wealth, and prices of $3 per unit for X and $4 per unit for Y, the budget constraint can be written as 3X + 4Y = 60. By substituting this constraint into the utility function U(X,Y), we can rewrite it as a function of a single variable, X. Maximizing this function using calculus techniques allows us to find the optimal quantity of X, and then we can determine the corresponding quantity of Y using the budget constraint.
Learn more about equation:
https://brainly.com/question/33622350
#SPJ11
for what distance should a continuous turn signal be given
Continuous turn signals should be given for a distance of at least 100 feet.
Why should a continuous turn signal be given for a specific distance?Giving a continuous turn signal for a specific distance is crucial for ensuring road safety and providing adequate warning to other drivers and pedestrians.
When a driver intends to make a turn, they need to signal their intention in advance to allow others on the road to react accordingly.
By activating the turn signal at least 100 feet before the intended turn, it provides sufficient time for other road users to observe the signal, anticipate the upcoming maneuver, and adjust their driving accordingly.
This distance allows drivers behind to slow down, change lanes if needed, and maintain a safe distance from the turning vehicle. It also helps pedestrians to gauge the intentions of the approaching vehicle, especially in situations where they need to cross the road.
Ultimately, signaling in advance and adhering to the recommended distance ensures smooth traffic flow, prevents accidents, and promotes overall road safety.
Learn more about: Continuous turn
brainly.com/question/28797943
#SPJ11
A group of 12 consumers are considering whether to connect to a new social network. Consumer 1 has an intrinsic value of $\$ 1$ for hooking up to the network, consumer 2 has an intrinsic value of $\$ 2$, consumer 3 has an intrinsic value of $\$ 3$, and so on up to consumer 12 . Each consumer's willingness-to-pay (WTP) to connect to the network depends on the tal number of persons who are connected to it. The exact relationship is described as follows: for each i, consumer i's willingness-to-pay to connect to the network is i times the total number of persons connected. Thus if 5 people are connected to the network, consumer 1 's willingness-to-pay is $\$ 5$, consumer 2's willingness-to-pay is $\$ 10$ and so on.
a. (3 points) Assume that for any given number of persons in the social network, the consumers with the highest willingness-to-pay will sign up first. Use a table to show the relationship among the total number of persons in the network, the marginal consumer who joins the network, and the willingness-to-pay for the marginal consumer. The table should have three columns: (i) Total no. of consumers in the network, (ii) The intrinsic value of the marginal consumer, (iii) Willingness-to-pay of the marginal consumer.
To solve the given problem, we are given that 12 consumers are considering whether to connect to a new social network and each consumer's willingness-to-pay (WTP) to connect to the network depends on the total number of persons who are connected to it.
The exact relationship is described as follows: for each i, consumer i's willingness-to-pay to connect to the network is i times the total number of persons connected. Now, we need to find the relationship among the total number of persons in the network, the marginal consumer who joins the network, and the willingness-to-pay for the marginal consumer.
To find the solution, we can construct a table with three columns as follows: Number of persons connected Intrinsic value of marginal consumer Willingness-to-pay of marginal consumer
| 1 | $1 | $1 |
| 2 | $2 | $4 |
| 3 | $3 | $9 |
| 4 | $4 | $16 |
| 5 | $5 | $25 |
| 6 | $6 | $36 |
| 7 | $7 | $49 |
| 8 | $8 | $64 |
| 9 | $9 | $81 |
| 10 | $10 | $100 |
| 11 | $11 | $121 |
| 12 | $12 | $144 |
Thus, the relationship among the total number of persons in the network, the marginal consumer who joins the network, and the willingness-to-pay for the marginal consumer is shown in the above table. We can see that as the number of persons connected increases, the intrinsic value of the marginal consumer also increases, and so does his willingness-to-pay.
To know more about network visit :
https://brainly.com/question/29350844
#SPJ11
these two levels of intent are about risk creation.
The two levels of intent that are about risk creation are known as Specific and General Intent.'
In the field of law, there are two categories of intent: specific and general intent. These two categories of intent are significant because they assist in determining the degree of a criminal's culpability and what punishment is appropriate.Keep in mind that intent is a crucial component of any criminal act because it establishes the degree of guilt that the defendant bears.
Specific intent is characterized as a situation in which a person knowingly and intentionally intends to engage in conduct that will cause a specific outcome. This type of intent includes malice, premeditation, and other sorts of intent to commit a crime. When a person acts with specific intent, they are aware of the risk associated with their conduct and act with the intention of creating that risk.
Therefore, the risk is intentionally created in this case.General Intent: General intent is characterized as a situation in which a person acts without the intention of causing a specific result, but is aware that such a result is likely to occur.
Therefore, the risk is not intentionally created in this case, but the perpetrator is aware of it and still goes ahead with the act.
Learn more about Risk creation:
brainly.com/question/17456684
#SPJ11
Cala Manufacturing purchases land for $461,000 as part of Its plans to build a new plant. The company pays $38,500 to tear down an old bullding on the lot and $56,913 to fill and level the lot It also pays construction costs of $1,373,900 for the new bullding and $86,725 for lighting and paving a parking area. Prepare a single journal entry to record these costs Incurred by Cala, all of which are paid in cash. Journal entry worksheet
Cash is debited for $1,016,038, while land, demolition, site preparation, construction, and parking expenses are credited for the same amount to record Cala Manufacturing's cash outflow for these costs.
To record the costs incurred by Cala Manufacturing for the purchase of land, demolition of the old building, site preparation, construction of the new building, and parking area lighting and paving, the following journal entry can be prepared:
Date: [Date of the transaction]
Account Debit Credit
----------------------------------------------------------
Land $461,000
Cash $461,000
(Purchase of land)
Demolition Expense $38,500
Cash $38,500
(Demolition of old building)
Site Preparation Expense $56,913
Cash $56,913
(Filling and leveling the lot)
Construction Expense $1,373,900
Cash $1,373,900
(Construction of the new building)
Parking Area Expense $86,725
Cash $86,725
(Lighting and paving parking area)
Please note that this journal entry assumes that Cala Manufacturing paid the entire amounts in cash.
If there were any other payment methods or financing involved, additional accounts would be debited or credited accordingly.
To learn more about Cash, visit:
https://brainly.com/question/31754110
#SPJ11
Ginsberg \& Ginsberg Law Firm accepted a retainer from Gladys Smith for $6,000 to represent Ms. Smith in her divorce which should be resolved in the next 4 months. What impact does this transaction have on the firm's accounting equation? Increases equity and increases revenues: increases revenues and increases liabilities. Decreases lablities and increases equity. Increases assets and increases liabilities.
When Ginsberg & Ginsberg Law Firm accepted a retainer from Gladys Smith for $6,000 to represent Ms. Smith in her divorce which should be resolved in the next 4 months, the impact this transaction has on the firm's accounting equation is:- D. Increases assets and increases liabilities.
What is the reason?Retainer is a payment made to a professional to retain their services. In this case, Ginsberg & Ginsberg Law Firm accepted a retainer from Gladys Smith for $6,000 to represent her in her divorce which should be resolved in the next 4 months.
This transaction increases the assets and liabilities of the firm.
Assets = Liabilities + Equity
Assets are the resources owned by the firm. When a retainer is received, the firm's cash balance will increase, and this increases the assets of the firm.
On the other hand, liabilities are the debts and obligations owed by the firm to others.
The retainer received by the firm is a liability because the firm owes Gladys Smith legal services that are worth $6,000.
The liability is expected to be cleared within the next four months.
Finally, equity is the residual interest in the assets of the firm after deducting the liabilities. The increase in the liability is countered by the increase in the asset; hence there is no change in the equity.
Therefore, the correct option is Increases assets and increases liabilities.
To know more on Liability visit:
https://brainly.com/question/30805836
#SPJ11
Which of the following is the best statement of purpose for a report?
a. Most companies offer voluntary wellness programs.
b. Wellness programs have proven to be effective in improving the health of individuals.
c. Establish a wellness incentive program for all employees.
d. A wellness program will improve the health of all employees.
The best statement of purpose for a report is option b: Wellness programs have proven to be effective in improving the health of individuals.
Option b clearly defines the purpose of the report, which is to discuss the effectiveness of wellness programs in improving individuals' health. It sets a clear direction for the report and indicates that the focus will be on examining the positive impact of wellness programs.
Options a, c, and d lack specificity and clarity in terms of the purpose of the report. Option a states a general fact about most companies offering voluntary wellness programs, but it does not provide a clear objective for the report. Option c suggests establishing a wellness incentive program, but it does not specify the purpose or the rationale behind it. Option d makes a broad claim about improving the health of all employees but lacks the supporting evidence or focus on the effectiveness of wellness programs.
By choosing option b as the statement of purpose, the report will have a clear goal of evaluating the effectiveness of wellness programs in improving individual health.
Learn more about writing effective reports and statement of purpose from the given link #SPJ11.The best statement of purpose for a report is option b: Wellness programs have proven to be effective in improving the health of individuals. [statement of purpose]
Option b clearly defines the purpose of the report, which is to discuss the effectiveness of wellness programs in improving individuals' health. It sets a clear direction for the report and indicates that the focus will be on examining the positive impact of wellness programs.
Options a, c, and d lack specificity and clarity in terms of the purpose of the report. Option a states a general fact about most companies offering voluntary wellness programs, but it does not provide a clear objective for the report. Option c suggests establishing a wellness incentive program, but it does not specify the purpose or the rationale behind it. Option d makes a broad claim about improving the health of all employees but lacks the supporting evidence or focus on the effectiveness of wellness programs.
By choosing option b as the statement of purpose, the report will have a clear goal of evaluating the effectiveness of wellness programs in improving individual health.
Learn more health of individuals from the given link https://brainly.com/question/30393917
#SPJ11
A family has to decide how much of their monthly income to spend on good 1 and good 2. Suppose that this household has a fixed income of $1800 per month. Further, suppose that the price of good 1 is p1=$6 and the price of good 2 is P2=$3. Finally, suppose that the tastes of the household 1 3 are described by the utility function u(x1, x2) = x2x2, where x1 denotes the quantity of good 1 and X2 the quantity of good 2. Questions: NW 5. What is the value of the MRS at bundle (1,6)? (Hint: MU4 = -x, 2x2 and 6)? (Hint: MU, = {x, {x} and MU, = {x{x}.] 6. What is the optimal quantity of good 1 purchased by the household? 7. What is the optimal quantity of good 2 purchased by the household? 8. Now suppose that the government introduces a voucher system to support families whose monthly income is lower than $3000. Vouchers have a dollar value that can be used to buy good 1 as if they were cash, but they cannot be used for anything else. In particular, they cannot be used to buy good 2. Suppose that this family receives $900 in vouchers per month. What is the optimal quantity of good 1 purchased by the family after the introduction of the voucher system? 9. What is the optimal quantity of good 2 purchased by the family after the introduction of the voucher system
5. The marginal rate of substitution (MRS) is calculated using the following formula: MRS = ∆x2 / ∆x1where x1 and x2 denote the quantity demanded of good 1 and good 2 respectively.
Suppose that the household consumes 1 unit of good 1 and 6 units of good 2, which can be represented by (1,6). At this point, the MRS equals zero since the household has zero interest in exchanging x1 for x2 at that point.6. Optimal quantity of good 1 is calculated using the following formula:MRS =[tex]p1 / p2Optimal x1 = (p1 / p2) * x2MRS = p1 / p2p1 = $6p2 = $3MRS = 6 / 3 = 2Optimal x1 = 2 * x2[/tex] Since the household has.
$1800 of fixed income and spends all of its income, the following equation holds true:p1 * x1 + p2 * x2 = income$6 * x1 + $3 * x2 = $1800From the above formula, the household's optimal consumption bundle can be determined, which is:Optimal x1 = 200 goods 1Optimal x2 = 100 goods 29. After the voucher system has been introduced, the household's budget constraint can be written as follows:[tex]$6 * x1 + $3 * x2 + $900 = $1800.[/tex]
Since vouchers are only valid for the purchase of good 1, the new budget constraint implies that the household will spend $900 less on good 1 each month than before[tex].$6 * x1 + $3 * x2 = $900[/tex]This formula, when substituted into the optimal consumption bundle formula above, produces the following: Optimal x1 = 100 goods 1Optimal x2 = 100 goods 2Therefore, the optimal consumption bundle when vouchers are used is (100, 100).
To know more about calculated visit:
https://brainly.com/question/30781060
#SPJ11
Assume that the consumption function is given by C=200+0.7(Y−T), the tax function is given by T= 100+0.2Y, and Y=50K0.5L0.5, where K=100. If L increases from 100 to 144 , then consumption increases by: a. 560 . b. 840 . c. 1,120 . d. 2,120 .
Given that the consumption function is [tex]C = 200 + 0.7(Y - T)[/tex], and the tax function is [tex]T = 100 + 0.2Y[/tex] where [tex]Y = 50K^0.5L^0.5[/tex], and [tex]K = 100[/tex].
To find the increase in consumption, we need to substitute L = 144 into the equation Y.
Hence, [tex]Y = 50K^0.5L^0.5 = 50(100)^0.5(144)^0.5 = 1200.[/tex]
For the tax function, we have [tex]T = 100 + 0.2Y = 100 + 0.2(1200) = 340.[/tex]
Substituting the value of T and Y into the consumption function,
we get [tex]C = 200 + 0.7(Y - T) = 200 + 0.7(1200 - 340)[/tex]
= 986.
Hence, [tex]the increase in consumption = C(144) - C(100)[/tex]
[tex]= 986 - (200 + 0.7(1200 - 100 - 0.2(1200)))[/tex]
= 986 - 726
= 260. Therefore, option e) 260 is the correct answer. Note that since the question does not include option e), which is the correct answer, we can conclude that the question has an error, and we need to select the option closest to the actual answer, which is option a) 560.
To know more about consumption visit:
https://brainly.com/question/31868349
#SPJ11
in job order costing using a single rate based on direct labor hours to assing overhead may lead to inaccurate cost assigments
share your perspective about this statement
The statement suggests that using a single rate based on direct labor hours to assign overhead in job order costing can result in inaccurate cost assignments. This raises concerns about the reliability of cost data and the potential impact on decision-making and financial performance analysis.
The use of a single rate based on direct labor hours for assigning overhead in job order costing may lead to inaccurate cost assignments for several reasons. Firstly, not all overhead costs are directly proportional to direct labor hours. Certain overhead expenses, such as machine maintenance or facility rent, may have little or no correlation with labor hours. Using a single rate fails to account for these variations, resulting in distorted cost allocations.
Secondly, relying solely on direct labor hours as a cost driver ignores other factors that influence overhead costs. Factors like machine usage, complexity of the product, or materials consumed can also impact overhead expenses. Failing to consider these factors in the overhead allocation process can lead to inaccurate cost estimations and distorted product costs.
Learn more about cost here;
https://brainly.com/question/29509552
#SPJ11
A Manufacturing company produces a chemical pesticide and uses process costing. There are three processing departments-Mixing, Refining, and Packaging. On January 1, the first department-Mixinghad a zero beginning balance. During January, 44,000 gallons of chemicals were started into production. During the month, 35,000 gallons were completed, and 9000 remained in process, partially completed. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. During January, the Mixing Department incurred $52,000 in direct materials costs and $211,000 in conversion costs. At the end of the month, the ending inventory in the Mixing Department was 60% complete with respect to conversion costs. The weighted-average method is used. The total cost of the chemical pesticide in ending inventory was ⋆ (Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.)
To calculate the total cost of the chemical pesticide in ending inventory using the weighted-average method, we need to consider the units started and completed, as well as the costs incurred. The total cost is calculated as $35,100.
First, let's calculate the equivalent units of production for the Mixing Department:
Equivalent Units of Production = Units completed + Units in ending inventory (with respect to conversion costs)
= 35,000 gallons + (9,000 gallons × 60%)
= 35,000 gallons + 5,400 gallons
= 40,400 gallons
Next, let's calculate the cost per equivalent unit:
Cost per Equivalent Unit = (Total direct materials costs + Total conversion costs) / Equivalent Units of Production
= ($52,000 + $211,000) / 40,400 gallons
= $263,000 / 40,400 gallons
≈ $6.50 per gallon
Finally, let's calculate the total cost of the chemical pesticide in ending inventory:
Total Cost of Ending Inventory = Cost per Equivalent Unit × Equivalent Units of Inventory (with respect to conversion costs)
= $6.50 per gallon × (9,000 gallons × 60%)
= $6.50 per gallon × 5,400 gallons
= $35,100
Therefore, the total cost of the chemical pesticide in ending inventory is approximately $35,100.
To know more about inventory visit :
brainly.com/question/31316374
#SPJ11
Derek currently has $14,752.00 in an account that pays 5.00%. He will withdraw $5,742.00 every other year beginning next year until he has taken 5.00 withdrawals. He will deposit $14752.0 every other year beginning two years from today until he has made 5.0 deposits. How much will be in the account 22.00 years from today?
There will be approximately $135,025.43 in the account 22 years from today.
To calculate the amount in the account 22 years from today, we can break down the problem into two parts: withdrawals and deposits.
First, let's calculate the total amount withdrawn over the next 22 years. Derek will make withdrawals every other year, starting next year, and he will make a total of 5 withdrawals. Each withdrawal is for $5,742.00. Since 22 years have 11 cycles of two years each, Derek will make 5 withdrawals in these 11 cycles. Therefore, the total amount withdrawn will be 5 * $5,742.00 = $28,710.00.
Next, let's calculate the total amount deposited over the next 22 years. Derek will make deposits every other year, starting two years from today, and he will make a total of 5 deposits. Each deposit is for $14,752.00. Again, since 22 years have 11 cycles of two years each, Derek will make 5 deposits in these 11 cycles. Therefore, the total amount deposited will be 5 * $14,752.00 = $73,760.00.
To find the final amount in the account, we need to calculate the interest earned on the remaining balance over the 22 years. The remaining balance after all withdrawals and deposits will be $14,752.00 - $28,710.00 + $73,760.00 = $59,802.00.
Using the compound interest formula, A = P(1 + r/n)^(nt), where A is the final amount, P is the principal amount, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the number of years, we can calculate the final amount.
Plugging in the values, A = $59,802.00 * (1 + 0.05/1)^(1*22) = $59,802.00 * (1.05)^22 = $135,025.43.
Therefore, there will be approximately $135,025.43 in the account 22 years from today.
Learn more about account here:-
https://brainly.com/question/5640110
#SPJ11
_______ is about coping with complexity and ______ is about coping with change.
Answer:
The statement "_______ is about coping with complexity and ______ is about coping with change" is often used to describe the concepts of "Design" and "Management" respectively. Therefore, the completed statement would be: "Design is about coping with complexity and Management is about coping with change."
Amy's Appliances Exit Ticket Amy is purchasing a new stand mixer and a new muffin pan for her bakery. The sales tax rate is 8%. Help Amy calculate the sales tax for each item. Calculate the sales tax on the stand mixer.
, the sales tax on the stand mixer is 8% of the price of the stand mixer. Let's assume the price of the stand mixer is $X. The sales tax rate is 8%, which can be written as 0.08 (since 8% is equivalent to 0.08 in decimal form).
Sales tax on the stand mixer = $X * 0.08 Therefore, the sales tax on the stand mixer is 8% of the price of the stand mixer. Sales tax is a tax imposed by the government on the sale of goods and services. It is typically expressed as a percentage of the purchase price and is added to the total cost of the item or service at the time of purchase. The collected sales tax is then remitted to the government by the seller. The rate of sales tax varies depending on the jurisdiction and the type of goods or services being sold. Sales tax is used to generate revenue for the government and is often used to fund public services and infrastructure. For example, if the sales tax rate is 8% and you buy a product for $100, the sales tax would be $100 * 0.08 = $8. So, in this case, the total amount you would pay for the product including sales tax would be $100 + $8 = $108.
learn more about revenue here :
https://brainly.com/question/32918890
#SPJ11
Ind Co Case:
What factors do training managers need to consider when assessing the training needs of an internal customer?
What are the decisions, activities and tasks that a training manager must plan and execute when conceptualizing, designing and implementing an effective training program?
When deciding whether to complete a training program in house or to outsource some aspect of it, what factors and perspectives should training managers consider?
What is your assessment of MRD's requirements? Based on the information available, do you think the training program will meet MRD's requirements?
Factors that training managers need to consider while assessing training needs of an internal customer are:Identify and define the goals: It is essential for the training manager to identify the goals and requirements of the internal customer before designing a training program.
Training managers play a vital role in assessing the training needs of an internal customer. It is the responsibility of the training manager to identify the goals and requirements of the internal customer before designing a training program. The first step in this process is to identify and define the goals of the training program. Once the goals are set, the training manager needs to identify the target audience, develop training content, and design training methods and techniques that meet the needs of the internal customer.
The training manager must also ensure the availability of resources required for the training program, including trainers, tools and equipment, training materials, and other essential requirements.Training managers also need to consider whether to complete the training program in-house or to outsource some aspects of it. The decision should be taken wisely by considering the factors like cost, resources, and experience of the trainers. In-house training can be cost-effective, but it requires more resources and expertise.
On the other hand, outsourcing can be more expensive, but it can provide better quality training and expertise.MRD's requirements are well understood, and the training program will meet the needs of the MRD as it has been developed by keeping in mind the company's requirements. The training program's success will depend on the training manager's ability to identify the internal customer's training needs, design a training program that meets those needs, and execute the program effectively. It is also essential to evaluate and measure the effectiveness of the training program to ensure its success.
The tasks that a training manager must plan and execute when conceptualizing, designing, and implementing an effective training program include: Identification of training needs, setting goals, identifying the target audience, developing training content, designing training methods and techniques, evaluation, and measuring the effectiveness of the training program. The decision to complete the training program in-house or to outsource some aspects of it should be taken by considering the factors like cost, resources, and experience of the trainers. MRD's requirements are well understood and the training program will meet the needs of the MRD as it has been developed by keeping in mind the company's requirements.
To know more about Factors visit:
brainly.com/question/31190841
#SPJ11
1. What is (a) neoliberalism, (b) Fordism & post-Fordism and please add at least two other terms that you did not know before reading the Howell article?
2. What changes does Howell describe with respect to the industrial relations system in Sweden and what was the force behind these changes? Will all advanced capitalist countries look like a U.S. style liberal market economy?
3. Identify which roles that Norway takes on that are most different than what we would expect to see in the U.S. Do these state roles in Norway reinforce or challenge Howell's view?
1. (a) Neoliberalism is a political and economic philosophy that emphasizes free-market capitalism, deregulation, and individual rights and responsibilities. (b) Fordism is an industrial production model that is mass-produced by a standardized process.
In contrast, post-Fordism is a flexible production system that can respond to quickly changing market demands and relies on individualized products. Two other terms that I did not know before reading the Howell article are coordinated market economy and liberal market economy.2. Howell describes significant changes in the industrial relations system in Sweden, which has shifted from a coordinated market economy to a liberal market economy. The primary force behind these changes was the rise of neoliberalism, which emphasizes deregulation and free-market capitalism. While all advanced capitalist countries may not look like the United States' liberal market economy, many countries have experienced a shift towards neoliberal policies.3. Norway takes on roles that are most different than what we would expect to see in the U.S. such as a strong emphasis on social welfare programs, universal healthcare, and publicly-owned oil resources. These state roles in Norway challenge Howell's view that neoliberalism is the dominant economic philosophy in advanced capitalist countries.
Learn more about Capitalism :
https://brainly.com/question/25879591
#SPJ11
Erik paid interest charges of $157.00 on a $5,425 invoice that was two months overdue. What annual rate of simple interest was he charged? Express your answer as a percentage rounded to two decimals.
Given, interest charges paid by Erik = $157.00The amount of the invoice that was two months overdue = $5,425.The formula for calculating simple interest is given by.
That Erik has paid $157 in interest,$5,425 was the balance of the invoice that was past due by two months.The following is the simple interest calculation formula:
I = P × r × t
where,
I is the interest,
P is the principal,
r is the rate of interest
t is the time period.
Substituting the given values, we get;
157 = 5425 × r × (2/12)
⇒ r = 157/(5425 × (2/12))
= 2.91%
Therefore, the annual rate of simple interest charged from Erik is 2.91% (rounded to two decimal places).Erik will be charged 2.91% (rounded to two decimal places) in simple interest annually.
To know more about , interest visit:
https://brainly.com/question/29451175
#SPJ11
The slope of the Security Market Line (SML) is beta. True False In corporate finance, one principal-agent relationship involves the CEO (principal) and the shareholders (agents). True False If you buy a share of Tesla (TSLA) tomorrow for $800 on the open market, Tesla receives $800 in additional capital. This is known as a primary market transaction. True False The most numerous type of firm is the corporation. True False
1) False. The slope of the Security Market Line (SML) represents the risk premium, not beta.
2) True. In corporate finance, one principal-agent relationship involves the CEO as the principal and the shareholders as the agents.
3) False. If you buy a share of Tesla (TSLA) on the open market for $800, Tesla does not receive any additional capital from that transaction.
4) False. The most numerous type of firm is not necessarily the corporation. Different types of firms exist, including sole proprietorships, partnerships, and corporations.
1) False. The risk premium is represented by the slope of the Security Market Line (SML), not Beta. The sensitivity of an asset's returns to the returns of the market as a whole or systematic risk is measured by beta.
2) True. The CEO is the principal in a principal-agent relationship in corporate finance, and shareholders are the agents. The CEO is given the authority to make decisions on behalf of the shareholders.
3) False. Tesla does not receive any additional capital from the open market purchase of shares of Tesla (TSLA) for $800. When a company issues new shares and receives the sale proceeds directly, this is the primary market transaction.
4) False. The corporation is not necessarily the most common type of business. There are many different kinds of businesses, such as partnerships, corporations, and sole proprietorships. The number of businesses in each category may vary by industry and nation.
To know more about SML, visit
brainly.com/question/15877803
#SPJ11
if the required reserve ratio is 15 percent, the simple deposit multiplier is
If the required reserve ratio is 15 percent, the simple deposit multiplier is 6.67.
The simple deposit multiplier is the maximum amount the money supply could increase with each unit of reserves. This multiplier is determined by the required reserve ratio set by the Federal Reserve. The formula to calculate the simple deposit multiplier is as follows:Simple deposit multiplier = 1 / required reserve ratio.
If the required reserve ratio is 15 percent, then the simple deposit multiplier would be calculated as follows:Simple deposit multiplier = 1 / 0.15 = 6.67.
This means that for every $1 of reserves held by banks, the money supply could potentially increase by $6.67, assuming that all other factors remain constant. It is important to note that this is a theoretical maximum and actual changes in the money supply may be less than this amount due to other factors, such as changes in consumer behavior or interest rates. So therefore if the required reserve ratio is 15 percent, the simple deposit multiplier is 6.67.
Learn more about simple deposit at:
https://brainly.com/question/33501843
#SPJ11
Define fraud and explain who commits fraud and why the fraudsters engage in this unethical behavior.
Fraud is a deliberate act of deception or misrepresentation carried out to gain unfair advantage or financial benefit. Fraud can be committed by individuals, groups, or organizations.
Fraudsters engage in this unethical behavior for various reasons:
Financial gain: The primary motive behind fraud is often monetary. Fraudsters seek to obtain money, assets, or personal information unlawfully, often through schemes like identity theft, Ponzi schemes, or insurance fraud.
Personal gain: Some individuals commit fraud to enhance their personal status or reputation. They may falsify credentials or engage in plagiarism to gain recognition or promotions.
Revenge or retaliation: Fraud can also be motivated by personal grudges or vendettas. In such cases, individuals may seek to harm others by spreading false information or engaging in fraudulent activities against them.
Greed and desperation: Some fraudsters engage in unethical behavior due to their own financial difficulties or greed. They may resort to embezzlement, tax evasion, or fraudulent investment schemes to alleviate their financial problems or fulfill their desires.
Lack of ethics and moral values: Fraud can be driven by a lack of integrity, ethics, or moral values. Some individuals may engage in fraudulent activities simply because they believe they can get away with it or because they have a disregard for the well-being of others.
It is important to note that fraud is illegal and unethical. It can have severe consequences for both the perpetrators and the victims.
To know more about Ponzi visit :
brainly.com/question/29871732
#SPJ11
The Wildcat Oil Company is trying to decide whether to lease or buy a new computer-assisted drilling system for its oil exploration business. Management has decided that it must use the system to stay competitive; it will provide $2.4 million in annual pretax cost savings. The system costs $9.1 million and will be depreciated straight-line to zero over its five-year life. Wildcat’s tax rate is 34 percent, and the firm can borrow at 8 percent. Lambert Leasing Company has offered to lease the drilling equipment to Wildcat for payments of $2,050,000 per year. Lambert’s policy is to require its lessees to make payments at the start of the year.
Suppose it is estimated that the equipment will have an aftertax residual value of $900,000 at the end of the lease. What is the maximum lease payment acceptable to Wildcat?
The maximum lease payment acceptable to Wildcat can be calculated, we need to calculate the present value of the cost savings and compare it to the cost of leasing. The maximum lease payment should be equal to or lower than the present value of the cost savings.
Given:
Annual pretax cost savings: $2.4 million
Equipment cost: $9.1 million
Equipment life: 5 years
Tax rate: 34%
Borrowing rate: 8%
After-tax residual value: $900,000
Step 1: Calculate the after-tax cost savings:
After-tax cost savings = Pretax cost savings * (1 - Tax rate)
After-tax cost savings = $2.4 million * (1 - 0.34)
After-tax cost savings = $1.584 million
Step 2: Calculate the present value of the cost savings:
We will use the formula for the present value of an annuity to calculate the present value of the cost savings.
PV = PMT * [(1 - (1 + r)^(-n)) / r]Where:
PMT = Annual cost savings = $1.584 million
r = Borrowing rate = 8%
n = Number of years = 5
PV = $1.584 million * [(1 - (1 + 0.08)^(-5)) / 0.08]
PV ≈ $5.848 million
Step 3: Calculate the lease payment:
The lease payment is the maximum acceptable payment for Wildcat, which should be less than or equal to the present value of the cost savings.
Lease payment = PV - After-tax residual value
Lease payment = $5.848 million - $900,000
Lease payment ≈ $4.948 million
Therefore, the maximum lease payment acceptable to Wildcat is approximately $4.948 million.
To know more about Present Value visit:
https://brainly.com/question/14860893
#SPJ11
Pete's Market is a small local grocery store with only one checkout counter. Assume that shoppers arrive at the checkout lane according to a poisson probability distribution, with an arrival rate of 17 customers per hours. The checkout service times follow an exponential probability distribution, with a service rate of 20 customers per hour.
It is the managers service goal to limit the waiting time prior to beginning the checkout process to no more than five minutes. After reviewing the waiting line analysis of his store, the manager of petes market wants to consider one of the following alternatives for improving service.
(a) Hire a second person to bag the groceries while the cash register operator is entering the cost data and collecting money from the customer. With this improved sigle-server operation, the service rate could be increased to 30 customers per hour. (Round your answers to four decimal places. Report time in hours.)
Lq = ____
Wq = ____ h
(b) Hire a second person to operate a second checkout counter. The two server operation would have a service of 20 customers per hour for each server. (Round your answers to four decimal places. Report time in hours.)
Po = ____
Lq = ____
Wq = ____ h
(c) What alternative would you recommend? Justify your recommendation. solve the time constraint. Given that the cost of ____ is likely to be higher than the cost of ___ , the overall preference will be to implement ____
(a) Lq = 0.0794 customers
Wq = 0.0047 hours
(b) Po = 0.0675
Lq = 0.0512 customers
Wq = 0.0030 hours
(c) Based on the time constraint of limiting the waiting time to no more than five minutes (0.0833 hours), it is recommended to hire a second person to operate a second checkout counter (option b). This is because the waiting time (Wq) for option b is lower (0.0030 hours) compared to option a (0.0047 hours), thereby meeting the time constraint more effectively. Additionally, the cost of hiring a second person to operate a second checkout counter is likely to be lower than the cost of hiring a second person solely for bagging groceries, making it a more preferable option overall.
To know more about constraint, visit
https://brainly.com/question/17156848
#SPJ11
how we can assist Starbucks could be successful in
Australia market, please from supply chain aspect to thinking of
the solution. give more explanation.
To succeed in the Australian market, Starbucks should focus on finding reliable coffee bean suppliers, establishing a local distribution system, and adapting to the cultural preferences of the diverse Australian communities.
Starbucks, like any other company, will face a variety of challenges while attempting to enter the Australian market. Here are some of the supply chain elements and solutions that may assist Starbucks in succeeding in the Australian market:
1. Raw Material Sourcing:
Starbucks' supply chain, like most others, begins with raw material sourcing. The challenge in Australia is to find reliable sources of coffee beans that are both high-quality and cost-effective. The majority of the coffee bean suppliers in Australia are boutique roasters and importers that are small-scale. It may be challenging to find coffee beans that meet Starbucks' specifications in terms of quality, flavor, and consistency.
To meet this challenge, Starbucks must find suitable suppliers who can provide high-quality coffee beans on a regular basis. Starbucks can partner with existing coffee bean importers in Australia to gain access to a wide range of coffee bean varieties and develop long-term relationships.
2. Distribution and Logistics:
Starbucks has a well-established supply chain for distributing its products worldwide. Starbucks must, however, create a new distribution system in Australia that can quickly deliver fresh products to its stores. Starbucks must identify and develop partnerships with local logistics service providers that can offer a reliable and cost-effective distribution system.
To meet this challenge, Starbucks can partner with a reputable logistics service provider who can provide quick and cost-effective distribution.
3. Cultural Sensitivity:
Starbucks' success in Australia is reliant on its ability to understand and respond to the unique cultural and social norms of Australia's diverse communities. Starbucks must consider local preferences and customs when deciding on the product range, flavors, and store design.To meet this challenge, Starbucks can conduct in-depth market research to learn about the local community's cultural and social preferences. Starbucks can also collaborate with local artists and designers to create a store layout that complements the local architecture and culture.
Learn more about distribution system here:
https://brainly.com/question/27905732
#SPJ11
Manupa wishes to know more about the interest rate effect. Which of the following is correct? The interest rate effect means that a fall in the price level will lower the demand for money, lower interest rates, and raise investment and raise consumption. The interest rate effect means a rise in the supply of money will raise interest rates and increase spending on consumption but lower spending on investment goods. The interest rate effect means a rise in the price level will raise the demand for money, lower interest rates, and lower how much is spent on consumption and investment. The interest rate effect means a lowering of the price level will raise the demand for money, raise interest rates, and reduce how much is spent on consumption and investment goods. All the other answers are incorrect
The correct statement regarding the interest rate effect is: "The interest rate effect means a lowering of the price level will raise the demand for money, raise interest rates, and reduce how much is spent.
The interest rate effect refers to the relationship between changes in the price level and the demand for money, as well as its impact on interest rates and spending on consumption and investment. When the price level falls, the purchasing power of money increases, leading to a higher demand for money.
This increased demand for money raises interest rates as individuals and businesses are willing to lend money at higher rates. Higher interest rates, in turn, reduce borrowing and spending on consumption and investment goods.
The incorrect statements mentioned in the other options are as follows:
- A fall in the price level actually increases the demand for money, raises interest rates, and reduces spending on consumption and investment.
- A rise in the supply of money would lower interest rates and increase spending on both consumption and investment goods.
Therefore, the correct understanding of the interest rate effect is that a lowering of the price level leads to an increased demand for money, higher interest rates, and reduced spending on consumption and investment goods.
Learn more about interest rates here:
https://brainly.com/question/28236069
#SPJ11
Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which is also the amount of principal to be paid at maturity. The bonds are currently selling for $850. They have 10 years to maturity. Annual interest is 9 percent ($90), paid semiannually.
Compute the yield to maturity. (Use a Financial calculator to arrive at the answers. Do not round intermediate calculation. Round the final answer to 2 decimal places.)
Yield to maturity $
Using a financial calculator or an Excel function, inputting the relevant information, we find that the yield to maturity is approximately 8.12%.
The yield to maturity (YTM) is the total return anticipated on a bond if it is held until its maturity date. To calculate the YTM, we need to find the discount rate that equates the present value of the bond's future cash flows (interest payments and principal) to its current market price.
In this case, the bond has a par value of $1,000, selling for $850, and a maturity period of 10 years. The annual interest is 9% ($90), paid semiannually. To calculate the YTM, we can use a financial calculator or an Excel function like the Yield function.
Using a financial calculator or an Excel function, inputting the relevant information, we find that the yield to maturity is approximately 8.12%. This indicates the average annual return an investor can expect to earn if the bond is held until maturity, taking into account the purchase price and the periodic interest payments.
To learn more about financial
https://brainly.com/question/989344
#SPJ11
Problem 3-15 Preparing Standardized Financial Statements [LO 1] Bethesda Mining Company Reports The Following Balance Sheet
Bethesda Mining Company is a publicly traded company that produces coal and has operations in Pennsylvania, Ohio, West Virginia, and Kentucky. The company is based in Bethesda, Maryland, and has been in operation for over 100 years. The company's balance sheet is reported below.
Bethesda Mining Company Balance Sheet (in millions) December 31, 2021 ASSETS
Current Assets Cash $69
Accounts receivable 73
Inventory 128
Prepaid expenses 22
Total current assets $292
Net plant and equipment 531
Other assets 91
Total assets$914
LIABILITIES AND EQUITY
Current Liabilities Accounts payable$126
Notes payable 47
Accrued expenses 33
Total current liabilities $206
Long-term debt 325
Deferred taxes 81
Total liabilities $612
Equity Common stock ($1 par)222
Capital surplus 276
Retained earnings 304
Total equity $802
Total liabilities and equity $914
Bethesda Mining Company needs to prepare standardized financial statements for the reporting year ending December 31, 2021. In order to prepare the standardized financial statements, Bethesda Mining Company should follow generally accepted accounting principles (GAAP). This analysis will help the company to identify strengths and weaknesses in its financial performance, and to develop strategies to improve its financial performance in the future. Overall, the standardized financial statements will help Bethesda Mining Company to make better-informed decisions, and to better communicate its financial performance to investors and other stakeholders.
To know more about Liabilities visit:
https://brainly.com/question/30805836
#SPJ11
A five-year project has a projected net cash flow of $15,000,$25,000,$30,000,$20,000, and $15,000 in the next five years. It will cost $50,000 to implement the project. If the required rate of return is 20 percent, the payback period is: 12 months 16 months 18 months
The payback period for a five-year project with projected net cash flows of $15,000, $25,000, $30,000, $20,000, and $15,000 and an initial cost of $50,000, given a required rate of return of 20 percent, is 18 months.
To calculate the payback period, we need to determine the length of time it takes for the cumulative net cash flows to equal or exceed the initial cost of the project.
First, we calculate the cumulative net cash flows by adding up the cash flows over time:
Year 1: $15,000
Year 2: $15,000 + $25,000 = $40,000
Year 3: $40,000 + $30,000 = $70,000
Year 4: $70,000 + $20,000 = $90,000
Year 5: $90,000 + $15,000 = $105,000
Since the cumulative net cash flows do not exceed the initial cost of $50,000 until the end of the third year, we need to calculate the fraction of the fourth year's cash flow that is required to reach the breakeven point.
To determine this, we subtract the cumulative net cash flows at the end of the third year from the initial cost:
$50,000 - $70,000 = -$20,000
To reach breakeven, we need an additional $20,000. Since the cash flow in the fourth year is $20,000, the payback period is 3 years plus the fraction of the fourth year required, which is 12/20 or 0.6. This gives us a payback period of 3.6 years or 3 years and 6 months, equivalent to 18 months.
Therefore, the payback period for the project is 18 months.
Learn more about cash flows here:
https://brainly.com/question/27994727
#SPJ11
A government bond with a face value of $500,000 was issued eight years ago and there are seven years remaining until maturity. The bond pays semi-annual coupon payments of $22,500, the coupon rate is 9% p.a. paid twice yearly and rates in the marketplace are 8% pa compounded semi-annually. What is the value of the bond today? a. $408,888.52 b. $526,407.81 c. $516,831.86 d. $500,000.00 e. $529,130.74
The value of the bond today is b. $526,407.81.
To calculate the value of the bond today, we need to use the present value formula for a bond.
The present value of the bond can be calculated as the sum of the present values of the coupon payments and the face value of the bond.
The present value of the coupon payments can be calculated using the formula:
PV = C * (1 - (1 + r)^(-n)) / r
Where:
PV = Present value of the coupon payments
C = Coupon payment amount ($22,500)
r = Semi-annual interest rate (8% / 2 = 4%)
n = Number of coupon payments remaining (7 years * 2 = 14)
Using these values in the formula, we find that the present value of the coupon payments is approximately $254,407.81.
The present value of the face value of the bond is simply the face value discounted by the semi-annual interest rate and the remaining number of periods:
PV = F / (1 + r)^n
Where:
PV = Present value of the face value
F = Face value of the bond ($500,000)
r = Semi-annual interest rate (8% / 2 = 4%)
n = Number of coupon payments remaining (7 years * 2 = 14)
Using these values in the formula, we find that the present value of the face value of the bond is approximately $500,000.
Adding the present values of the coupon payments and the face value, we get a total value of approximately $754,407.81.
Learn more about value of the bond here:-
https://brainly.com/question/29746253
#SPJ11
Anything that may cause a loss is called a
Question 13 options:
Peril.
Negligence
Premium
Hazard
The correct term for anything that may cause a loss is a "hazard." hazards are the factors that may cause a loss, while perils are specific events that trigger a claim. Negligence refers to the failure to exercise care, and premiums are the costs associated with insurance coverage.
Explanation:
Any circumstance, occurrence, or condition that has the potential to cause harm, damage, or loss is a hazard. Factors that raise the likelihood of a loss are referred to as hazards in the context of insurance. Risks can be moral, such as dishonesty or fraud, or they can be physical, like fire or theft.
Risk, negligence, and premium are distinct but related concepts:
Peril: A specific cause of loss, such as an accident, fire, or flood, is referred to as a peril. An insurance claim is brought about by an occurrence or circumstance.
Negligence: The failure to take reasonable precautions or care that causes harm or loss to others is considered negligence. Negligence is not a term used to describe anything that could cause a loss in general, even though it can be a factor in a loss.
Premium: The amount a person or company pays to an insurance company in exchange for insurance coverage is known as a premium. It has nothing to do with the potential causes of a loss; rather, it is the cost of the insurance policy.
In a nutshell, perils are specific occurrences that lead to a claim, while hazards are the things that might result in a loss. Premiums are the costs associated with insurance coverage, and negligence is defined as failing to exercise care.
To know more about Loss, visit
brainly.com/question/14150622
#SPJ11
Innovative Designs recently reported $230,000 of sales, $140,500 of operating costs other than depreciation, and $9,200 of depreciation. The company had $35,250 of outstanding bonds that carry a 6.75% interest rate. and its tax rate was 35%. In order to sustain its operations, the firm spent $15,250 on new fixed assets (capital expenditures) and invested an additional $6,800 in net operating working capital. What was the firm's free cash flow (FCF)? Your answer should be between 38000 and 42000, rounded to even dollars (although decimal places are okay). with no special characters.
The free cash flow (FCF) of Innovative Designs is approximately $22,794. Since the answer needs to be rounded to the nearest even dollar, the final result falls within the range of $38,000 to $42,000, as specified.
To calculate the free cash flow (FCF), we follow the formula:
FCF = EBIT * (1 - Tax Rate) + Depreciation - Capital Expenditures - Change in Net Operating Working Capital
First, we need to calculate EBIT (Earnings Before Interest and Taxes) by subtracting the operating costs other than depreciation from the sales:
EBIT = Sales - Operating Costs = $230,000 - $140,500 = $89,500.
Next, we deduct the interest expense from the outstanding bonds using the interest rate:
Interest Expense = Outstanding Bonds * Interest Rate = $35,250 * 0.0675 = $2,376.56.
Now, we can calculate the EBIT by subtracting the interest expense:
EBIT = EBIT - Interest Expense = $89,500 - $2,376.56 = $87,123.44.
To calculate the tax amount, we multiply the EBIT by the tax rate:
Tax Amount = EBIT * Tax Rate = $87,123.44 * 0.35 = $30,495.21.
Next, we calculate the change in net operating working capital:
Change in Net Operating Working Capital = Net Operating Working Capital - Previous Net Operating Working Capital
Change in Net Operating Working Capital = $6,800.
Lastly, we calculate the free cash flow:
FCF = EBIT * (1 - Tax Rate) + Depreciation - Capital Expenditures - Change in Net Operating Working Capital
FCF = $87,123.44 * (1 - 0.35) + $9,200 - $15,250 - $6,800
FCF = $56,694.24 + $9,200 - $15,250 - $6,800
FCF = $44,844.24 - $22,050
FCF = $22,794.24.
The free cash flow (FCF) of Innovative Designs is approximately $22,794. Since the answer needs to be rounded to the nearest even dollar, the final result falls within the range of $38,000 to $42,000, as specified.
know more about free cash flow (FCF) :brainly.com/question/30905707
#SPJ11
You are the owner of an accounting firm called "Credits". One of you clients, Ms Bing, has the followi queries (see below). REQUIRED: On the following page, you are required write a formal business letter in your own words to Ms Bing, your client,_to explain the following to her: 1. Ms Bing paid for the painting of her private home using the business bank account. She recorded this as a debit to the Repairs expense account and credited the Cash at Bank in the business accounts. She cannot understand why you have asked her to change this journal entry. In your letter, you need to explain to her why this entry is incorrect and what she needs to do in order to correct it. (4 marks) 2. The business recently bought a new computer in order to service their clients quicker. Ms Bing recorded the entire cost of the new computer to the computer expense account when it was bought. Ms Smith believes that the computer will be useful to the business for 4 years. (4 marks)
It is my pleasure to help you understand some of the queries you have in relation to the financial transactions that you recorded in your accounts. In this letter, I will address the issues in regards to the two queries that you raised. Firstly, you mentioned that you paid for the painting of your private home using the business bank account. It was recorded as a debit to the Repairs expense account and credited the Cash at Bank in the business accounts.
However, this journal entry is not appropriate because the expenses incurred for the painting of your private home are not business expenses. In order to rectify this error, you will have to debit drawings (owner's equity account) and credit Cash at Bank. This will correctly show that the payment was made from the business account and allocated to personal expenses.Secondly, you mentioned that the business bought a new computer in order to service clients quicker.
You recorded the entire cost of the new computer to the computer expense account when it was bought. However, it is important to note that the computer should be capitalized rather than expensed. This is because the computer is expected to be useful to the business for 4 years, rather than expensed for the year. it was purchased. Hence, to rectify this error, you should credit cash and debit computer (assets account) at the o
riginal cost of the computer to show that the computer is capitalized. Additionally, depreciation will need to be charged on the computer annually over the expected life of the asset. Thank you for your understanding and please do not hesitate to reach out to us if you require further clarification or assistance.
To know more about business accounts visit:
https://brainly.com/question/29608710
#SPJ11
