machinery is purchased on may 15, year 1, for $120,000 with a $10,000 salvage value and a five-year life. the half-year convention is followed. what method of depreciation will give the highest amount of depreciation expense in year 2?
Answers
The method of depreciation that will give the highest amount of depreciation expense in Year 2 for the machinery purchased on May 15, Year 1, with a $120,000 cost, $10,000 salvage value, and a five-year life while following the half-year convention is the Double Declining Balance (DDB) method.
The answer to the question is that the double declining balance method will give the highest amount of depreciation expense in year 2. This is because the double declining balance method applies a higher rate of depreciation in the early years of the asset's life and decreases it over time. As the machinery was purchased in year 1, using the half-year convention means that the asset is considered to have been purchased halfway through the year. Therefore, in year 2, the double declining balance method would apply a depreciation rate of 40% (twice the straight-line rate of 20%) to the remaining book value of $60,000 ($120,000 cost - $10,000 salvage value / 5-year life x 1.5 years remaining). This would result in a depreciation expense of $24,000 for year 2.
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Related Questions
Q1. Discuss the differences of the "free flow" interview and the "patterned" interview. Explain which one you would choose for an entry level position interview.
Answers
The difference between patterned and free-flow interviews is Candidates are asked almost similar questions in a patterned interview. However, different aspirants are asked different questions based on situations and merit in a free-flow interview.
some of the differences between free flow interviews and patterned interviews:
-Questions are planned and created in advance in patterned interviews. On the contrary, unplanned questions are asked in a free-flow interview.
Which one to choose:
-Free Flow interviews are mostly applicable for entry level employees. Therefore, Free Flow interview questions are asked to entry level employees to gather some additional information about the employees.
Therefore, The Differences between patterned interview and free flow interview have been discussed. The best one for entry level employees has been addressed.
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a high school football player who was injured when his helmet failed to protect his head from severe injury after a normal tackle in a game wants to sue the helmet manufacturer for damages. through the discovery process, it was found the manufacturer knew its football helmets did not perform as well as others on crown (i.e., head) impacts. what would have been the best step for the manufacturer to have taken to avoid a lawsuit?
Answers
The best step for the manufacturer to have taken to avoid a lawsuit is to recall the helmets to prevent any further harm. Also, they could have issued a public statement or voluntary recall notice alerting users of the issue.
A lawsuit is a civil action where a plaintiff, a person, or entity who believes that they have been harmed or injured by the conduct of the defendant, seeks legal redress. It is a legal case in which a court of law adjudicates a matter that is in dispute. The best step for the manufacturer to have taken to avoid a lawsuit is to recall the helmets to prevent any further harm.
Also, they could have issued a public statement or voluntary recall notice alerting users of the issue. A helmet is supposed to protect the head, and if it fails to do that, it can cause severe damage or even death. If the manufacturer had known that their helmets were defective and could cause harm, they should have taken swift action to rectify the situation to prevent any more harm.
Therefore, a voluntary recall or public statement would have been the best step for the manufacturer to have taken to avoid a lawsuit.
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Computer Wholesalers restores and resells notebook computers. It originally acquires the notebook computers from corporations upgrading their computer systems, and it backs each notebook it sells with a 90-day warranty against defects. Based on previous experience, Computer Wholesalers expects warranty costs to be approximately 6% of sales. Sales for the month of December are $600,000. Actual warranty expenditures in January of the following year were $13,000. Does this situation represent a contingent liability?
Answers
Based on the given information, the situation does not represent a contingent liability.
Warranty expenditures are the amount spent on the repair, replacement, or refund of goods sold or services rendered due to a breach of warranty. It is one of the possible contingent liabilities, and it is a typical cost of doing business for organizations that sell products or services with warranties. When warranty expenditures occur, businesses must report them as an expense in their financial statements. A contingent liability is a potential liability that may arise in the future.
According to the given problem, Computer Wholesalers expects warranty costs to be approximately 6% of sales. The company made $600,000 in sales in December, which means it expects to pay $36,000 in warranty expenditures in the future. However, actual warranty expenditures in January of the following year were $13,000. This means the actual warranty expenditures were lower than expected, and there is no possibility of a future obligation or liability. As a result, this scenario does not represent a contingent liability.
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If a female consumer sees an ad about a woman who can no longer fit into her old bathing suit, the consumer might think about her own situation and make a personal pledge to lose weight before summer arrives. This would be an example of marketing communications that attempt to influence a consumer's level of ________. doubt and regret self-esteem dedication and control strength and conviction
Answers
The above is an example of marketing communications that attempt to influence a consumer's level of self-esteem.
What is Self-esteem?This is known as the total opinion a person have of his/herself. It is regarded as how one feel about their abilities and limitations.
When you are said to have healthy self-esteem, it means that one feel good about themselves and see oneself as having/ deserve the respect of others.
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broden, inc. recently issued $86 par value preferred stock that pays an annual dividend of $12. if the stock is currently selling for $60, what is the expected return of this preferred stock
Answers
Expected Return on Preferred Stock = Preference Dividend / Market Price * 100
In this case, Broden Inc recently issued $86 par value preferred stock that pays an annual dividend of $12 and is currently selling for $60. Using the formula above, we can calculate the expected return as follows:
Expected Return on Preferred Stock = 12 / 60 * 100 = 20%
Therefore, the expected return of this preferred stock is 20%.
A corporation must distribute its profits to its shareholders as a dividend. A corporation has the choice to distribute some of its profits as a dividend to its shareholders when it makes a profit or has a surplus. Any cash is still on hand is seized and reinvested in the company.
While a corporation is typically not allowed to pay a dividend out of its capital, both the profit from the current year and the retained earnings from prior years are eligible for distribution. If the company has a dividend reinvestment plan, the funds may be distributed to shareholders by issuing additional shares, repurchasing shares, or paying them in cash.
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How is the wage rate determined through the forces of demand and supply of labor?
Answers
Answer: Just as in any market, the price of labor, the wage rate, is determined by the intersection of supply and demand. When the supply of labor increases the equilibrium price falls, and when the demand for labor increases the equilibrium price rises.
Explanation:
Question 2 of 40
What does the 'P' in the acronym PEST stand for?
A. Price
B. Political
C. Promotion
O D. Positive
SUBN
Answers
Answer:
The answer would be B. Political.
Explanation:
PEST Analysis (Political, Economic, Social, and Technological) is a management method whereby an organization can assess major external factors that influence its operation in order to become more competitive in the market. As described by the acronym, those four areas are central to this model.
The 'P' in the acronym PEST stands for political. The correct option is B. Political, Economic, Social, and Technological analysis is known as PEST analysis. This kind of analysis is used to evaluate outside variables that might affect a company's profitability.
What is political in PEST analysis?The threats and weaknesses used in a SWOT analysis are found using a PESTEL analysis. Political factors include government leadership, change, and policies related to foreign trade, as well as internal political issues and trends, tax policy, and trends in regulation and deregulation.
A measurement tool called PEST Analysis is used to evaluate markets for a specific product or industry over a specific period of time. Political, Economic, Social, and Technological (PEST) factors Organizations can make better business decisions after these factors are analyzed.
Thus, the ideal selection is option B.
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when we rank many portfolios that will be mixed to form a well diversified fund of funds, we may find the treynor measure better than the sharpe ratio because _________ in funds of funds.
Answers
When ranking portfolios to form a well-diversified fund of funds, the Treynor measure may be considered better than the Sharpe ratio due to its specific relevance in the context of funds.
The Treynor measure and the Sharpe ratio are both performance measures used to evaluate investment portfolios. However, the Treynor measure specifically takes into account systematic risk or market risk, which is relevant in the context of fund of funds.
In a fund of funds, the portfolio is composed of multiple underlying funds or portfolios. Each underlying fund contributes to the overall risk and return of the fund of funds. The Treynor measure considers the excess return of a portfolio in relation to its systematic risk, measured by beta. This makes it particularly suitable for ranking portfolios in a fund-of-funds scenario, as it focuses on the risk that cannot be eliminated through diversification.
On the other hand, the Sharpe ratio considers both systematic risk and unsystematic risk, represented by standard deviation. While the Sharpe ratio is a widely used performance measure, it may not be as relevant in the context of fund of funds where the focus is on diversification and managing systematic risk through the selection of underlying portfolios.
Therefore, when ranking portfolios for a well-diversified fund of funds, the Treynor measure can provide a more appropriate assessment of the risk-adjusted performance, taking into consideration the systematic risk contribution of the underlying portfolios.
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if society is currently producing 9 units of bicycles and 4 units of computers and it now decides to increase computer output to 6, the cost:
Answers
Growing opportunity costs apply to both computers and bicycles. Cite the illustration. If society decides to boost computer output from its current level of 4 to 6 units while still generating 9 bicycles, the cost will be 4 bicycles.
If compared to bicycles, do computers have a higher opportunity cost?that, in contrast to bicycles, computers have a rising opportunity cost. that society's preference for bicycles outweighs its preference for computers. bicycle-computer hybrids that civilization can create by effectively harnessing its resources.
Why is there a rise in the demand for bicycles?Due to growing fitness awareness and leisure needs, the ongoing Covid-19 pandemic has increased demand for bicycles, according to a news release from ratings agency Crisil.
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The risk free rate 3% and the expected rate of return on the market portfollo 8%. a. Calculate the required rate of return on a security with a beta of 2.16. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Required return __ %
b. If the security is expected to retum 13%, is it overpriced or underpriced? - Underpriced - Overpriced
Answers
a. The required rate of return on a security with a beta of 2.16 is 13.8%.
b. If the security is expected to return 13%, it is considered overpriced.
a. To calculate the required rate of return on a security with a beta of 2.16, we use the Capital Asset Pricing Model (CAPM). The formula is as follows:
Required Rate of Return = Risk-Free Rate + Beta * (Market Rate of Return - Risk-Free Rate)
Given:
Risk-Free Rate = 3%
Market Rate of Return = 8%
Beta = 2.16
Required Rate of Return = 3% + 2.16 * (8% - 3%)
Required Rate of Return = 3% + 2.16 * 5%
Required Rate of Return = 3% + 10.8%
Required Rate of Return = 13.8%
Therefore, the required rate of return on the security with a beta of 2.16 is 13.8%.
b. If the security is expected to return 13%, we compare it to the required rate of return. If the expected return is higher than the required rate of return, the security is considered underpriced. Conversely, if the expected return is lower than the required rate of return, the security is considered overpriced.
In this case, the expected return on the security is 13%, while the required rate of return is 13.8%. Since the expected return is lower than the required rate of return, the security is considered overpriced.
Therefore, based on the given information, the security is considered overpriced.
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Davidson company has sales of $100,000, variable cost of goods sold of $40,000, variable selling expenses of $15,000, variable administrative expenses of $5,000, fixed selling expenses of $7,000, and fixed administrative expenses of $9,000. What is davidson’s contribution margin?.
Answers
Davidson’s contribution margin for the sale of goods would be : $40,000
What is contribution margin?Contribution margin is a business' sales revenue less its variable costs. The resulting contribution margin can be used to cover its fixed.
Contribution margin is computed as:
= Sales - Total variable cost(Variable cost of goods sold + Variable selling expenses + Variable administrative expenses)
= $100,000 - ($40,000 + $15,000 + $5,000)
= $100,000 - $60,000
= $40,000
Therefore, Davidson’s contribution margin for the sale of goods would be $40,000
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Technician A says that an air chisel is used to dress welds.
Technician B says that paintless dent repair (PDR) tools can be used to remove small dents.
Who is right?
O A only
O Bonly
O Both A and B
Neither Anor B
Answers
Answer:
B
Explanation:
Technician B is right a pdr can be used to remove dents
According to statement, technician b only is correct. Technician B says that paintless dent repair (PDR) tools can be used to remove small dents. Thus, option (b) is correct.
What is Technician?
The term technician is details of a subject or occupation, a computer technician.
Technician is work of repair and expert of work. It is easily handle problem and resolve solution.
As a result, option (b) is correct.
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What is the rationale behind the optimal choice of the consumer?
Answers
pls respond soon!
Two stocks are offered to investors, one long-term, one short-term. Assuming each bond pays the same interest rate, which is the best option for a 30-year-old investor?
-Short-term with low returns
-Long-term with high returns in year one
-Long-term with low yearly returns
-Short-term with high returns in year one
Answers
The best bond option for a 30 - year old investor is Long-term with low yearly returns.
What type of bonds are best for young investors?The type of bond that would be best for a young investor would be one that has a long term horizon. This is because young investors have a long time ahead of them to make money from their jobs. They don't need the returns from the bonds just yet. They will however need those bond returns when they are older and so they should just pick a long - term bond.
When it comes to the returns they should go for, the bond should be one with low yearly returns. Again, they don't need the returns as much so they can take those with low yearly returns. These ones are less risky and so will be available for them when they grow old. A 30 - year - old investor should therefore take a long - term bond with low yearly returns.
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Answer:
C. Long-term with low but steady yearly returns
Explanation:
help quick!
According to the video, which qualities do Insurance Underwriters need? Check all that apply.
O communication skills
O customer service skills
Ocomputer skills
Oknowledge of sales strategies
Oan outgoing attitude
O a background in finance
Answers
Answer: 1 3 6 or A C F
Explanation:
I just did it on the edge
Answer:
ACF
Explanation:
got it correct on Edge 2020
Select all the correct answer.
What type of factor of production is a bulldozer?
Oland
O labor
O capital
O entrepreneur
Answers
Answer:
capital
Explanation:
bulldozer is bought with capital.
PLEASE HELP ME WITH THIS! Identify the ways of talking during a group discussion that are cooperative or create conflict.
I don’t think I agree.
Could you explain?
Wow! That sounds dumb.
Let's ask what everyone
feels about this.
I understand how you feel,
but I’d like you to consider
a different perspective.
You’re not making any
sense right now.
Answers
Answer:
I understand how you feel,
but I’d like you to consider
a different perspective.
Explanation:
i hope this helps :)
Answer:
Drag each label to the correct category.
Identify the ways of talking during a group discussion as either cooperative or conflict-creating.
I don't understand
what you’re saying.
Could you clarify?
Your perspective is
limited.
So you can't
see the truth.
I understand what
you mean, but let's
ask if everyone feels
the same way.
I am open to your
views, but would
you mind considering
my perspective as well?
What I say is right
because I have proof.
Do you still
want to argue?
Explanation:
T/F? The infinite period dividend discount model (DDM) can be used to value a supernormal growth company.
Answers
The statement "the infinite period dividend discount model (DDM) can be used to value a supernormal growth company" is true. Because the DDM is a valuation method that estimates the value of a stock based on the present value of its expected future dividends. It is particularly useful for companies that exhibit a consistent dividend growth rate.
Supernormal growth companies are those that experience a higher-than-average growth rate for a certain period, followed by a more stable, constant growth rate. To value such companies using the DDM, you would need to apply a two-stage or multi-stage DDM, which accommodates varying growth rates during different time periods.
In the first stage, the DDM calculates the present value of dividends during the supernormal growth period. This is done by discounting the expected dividends to their present value using the required rate of return. In the second stage, the model estimates the value of the stock after the supernormal growth period ends by applying a stable, constant growth rate to dividends. The present value of this terminal value is then calculated and added to the present value of dividends during the supernormal growth period.
By incorporating these two stages, the infinite period DDM can accurately account for the unique characteristics of a supernormal growth company, making it a suitable method for valuing such stocks.
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In 2019, national saving in Korea equaled 34.8 percent of GDP, and domestic investment equaled 30.0 percent of GDP. Source: International Monetary Fund, "World Economic Outlook Database," March 2021. a. Calculate net foreign investment in Korea as a percentage of GDP. Net foreign investment in Korea as a percentage of GDP equals percent of GDP. (Enter your response rounded to one decimal place.) b. Can we say with certainty whether in 2019 the Korean government was running a surplus or a deficit? A. No, to determine if the government was running a surplus or a deficit, we would need information on private saving. B. No, we would need to know whether the country was exporting more than it was importing, or vice versa, in order to make this determination. C. Yes, if we substitute the values above into the saving and investment equation, it yields a positive number, indicating the government was running a surplus. D. Yes, if we substitute the values above into the saving and investment equation, it yields a negative number, indicating the government was running a deficit.
Answers
Answer:
Explanation:
output: transfers data to the people who will use it or to the activities for which it will be used. converts raw input into a meaningful form. is feedback that has been processed to create meaningful information that can be used by others. is information that is returned to appropriate members of the organization to help them evaluate the input stage. is the result of processing raw input data into meaningful information.
Answers
Output is "transfers processed information to the people who will use it or to the activities for which it will be used". Thus, Option D is correct.
Output is the result of processing input data, which has been transformed into meaningful information and transferred to the appropriate people or activities to be utilized. It is a critical component of any information system as it enables individuals or processes to make informed decisions based on the processed data.
The output can take various forms, such as reports, graphs, dashboards, or alerts, depending on the intended audience and purpose. Effective output should be accurate, timely, relevant, and easily understandable, allowing users to take appropriate action based on the information presented.
Thus, Option D holds true.
This question should be provided as:
Output...
A) is feedback that has been processed to create meaningful information.B) is information that is returned to appropriate members of the organization to help them evaluate the input stage.C) transfers data to the people who will use it or to the activities for which it will be used.D) transfers processed information to the people who will use it or to the activities for which it will be used.Learn more about Output https://brainly.com/question/27646651
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Given the following table, how many workers should be hired to maximize profits?
Labor Marginal Product Labor VMPL Wage
1 8 $32 $100
2 32 $128 $100
3 16 $64 $100
4 -1 $-4 $100
5 -12 $-48 $100
A. 1
B. 2
C. 3
D. 4
Answers
The number of workers that should be hired to maximize profits is 2 workers. The correct option is B.
To determine how many workers should be hired to maximize profits, we should compare the value of the marginal product of labor (VMPL) to the wage for each worker.
1. Look at the VMPL and wage for each worker.
2. Compare the VMPL to the wage for each worker.
3. Hire workers until the VMPL is less than or equal to the wage.
Worker 1: VMPL is $32, and the wage is $100. Since the VMPL is less than the wage, we do not hire this worker.
Worker 2: VMPL is $128, and the wage is $100. Since the VMPL is greater than the wage, we hire this worker.
Worker 3: VMPL is $64, and the wage is $100. Since the VMPL is less than the wage, we do not hire this worker.
Worker 4: VMPL is $-4, and the wage is $100. Since the VMPL is less than the wage, we do not hire this worker.
Worker 5: VMPL is $-48, and the wage is $100. Since the VMPL is less than the wage, we do not hire this worker.
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30 POINTS :D
If someone you don't know asks where you go to school, what should you do?
A. Don't respond
B. See if they're a friend of a friend
C. Ask why they want to know
D. Lie to them
Answers
A student in public administration wants to determine the mean amount members of city councils earn. The error in estimating the mean is to be less than $100 with a 99% level of confidence. The student found a report by the department of labor that estimated the standard deviation to be $1000. What is the required sample size?
Answers
Answer:
663.58
Explanation:
From the problem:
E, the maximum allowable error, is $100
The value of z for a 99 percent confidence level is 2.576
Estimate of standard deviation is $1,000.
n = [(z x s)/ E] ^ 2
n = [(2.576 x 1000) / 100}^2
= 25.76^2
=663.58
under the periodic inventory system, village fabrics purchases navy plaid fabric used in its fabric-selling business in the following lots: june 5 - 4 yards at $2.50 per yard, june 12 - 7 yards at $3.00 per yard, june 17 - 8 yards at $3.50 per yard. what is the periodic average cost of the fabric per yard?
Answers
The periodic average cost of the fabric per yard under the periodic inventory system is $3.11 per yard.
What is a system of periodic inventories?
The physical inventory count of goods is routinely scheduled under the periodic inventory system. Maintenance on physical inventories can be costly because it takes a lot of time and effort. As a result, many companies only occasionally conduct physical inventory counts. Periodic inventory systems are frequently used in place of perpetual inventory systems.
Every transaction in a periodic system is noted in the company's buy account, which keeps track of inventory by deducting the cost of goods sold (COGS). However, it does not account for returned items, damaged, lost, or destroyed items.
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analyzing data and presenting the findings are the two parts of which step in the marketing research approach? multiple choice question. collect relevant information develop findings take marketing actions define the problem
Answers
Analyzing data and presenting the findings are the two parts of the developing findings step in the marketing research approach.
What is marketing research?Marketing research is the process of gathering, analyzing, and interpreting data to aid in making informed decisions in a company. It includes collecting data on consumer preferences, market trends, and competition.
What is the approach for marketing research?
Marketing research is a systematic process that follows a logical series of steps:
Defining the problemCollecting relevant informationDeveloping findingsTaking marketing actionsAnalyzing data and presenting the findings are the two parts of the developing findings step in the marketing research approach.What is the purpose of developing findings in marketing research?
The purpose of developing findings is to analyze the data and generate results that can be used to make informed decisions. Marketing research includes the development of hypotheses, research design, data collection, analysis, and interpretation of data. The process of analyzing data and presenting findings is a critical step in the marketing research approach.
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Which part of the federal reserve system is primarily responsible for supervising financial institutions and sending bank examiners to conduct inspections?.
Answers
Jurisdiction of agency's government: reserve system is primarily responsible for supervising financial institutions and sending bank examiners.
What are the different types of jurisdiction?some of the type of Jurisdiction are given below-
Subject-Matter Jurisdiction. Territorial Jurisdiction. Personal Jurisdiction. General and Limited Jurisdiction. Exclusive / Concurrent Jurisdiction.Thus, it is Jurisdiction of agency's government:
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Design Math Quiz
QUESTION 1 of 10: To get your design manufactured, you need to pay $4,000 in setup costs and $5 per item. Which of the following
represents the cost of having 1,000 items made?
a) 5+4,000 x 1,000
b) 4,000 + 5 x 1,000
c) 4,005
d) 5x1,000
Answers
Answer:
b) 4,000 + 5 x 1,000
Explanation:
The cost of 1000 items will be the total of
1). the set up cost
2). The per item cost multiplied by 1000 units
Therefore, the cost function will
=set up cost($4000 ) + cost of 1000 items( $5 x 1000)
=$4000 + $5 x 1000
1.05 the market place economic
Answers
A market economy serves as an economic system in which economic activities is been controlled by individuals.
What is market economy?market economy serves as the economy that that gives country's individual citizens and businesses to be able to make decisions .
This decision could be pricing of goods and services which are been controlled by the interactions of a country's individual citizens.
COMPLETE QUESTION:
Explain market place economy
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Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by
Answers
Answer:
see. I hope it's helpful for you lolExplanation:
i need friend lol can you my friend
characteristics of the local economy
Answers
Answer:
private ownership, freedom of choice,self-interest,optimized buying and selling platforms,competition and limited government intervention.
Explanation:
competition drives the market economy as it optimizes efficiency and innovation