The calculation of book value would be as follows:$35,000 purchase price - $3,000 estimated salvage value = $32,000 total depreciation$32,000 / 5 years = $6,400 annual depreciation expense.
As of October 1, 2022, the truck has been in service for 3 years. Therefore, the total accumulated depreciation would be:$6,400 annual depreciation expense x 3 years = $19,200 accumulated depreciation. The book value of the truck at the time of sale would be:$35,000 purchase price - $19,200 accumulated depreciation = $15,800 book value. When the company sold the truck for $19,500, they received more than the book value of the truck. This means that they had a gain on the sale.
The calculation of gain would be:$19,500 sales price - $15,800 book value = $3,700 gain on the sale. Therefore, the gain on the sale would be $3,700.
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In 2010, Georgia went from 13 to 14 representatives. Find the percent of increase in the number of representatives.
Answer:
Percent change in number of representative = 7.7 % (approx.)
Explanation:
Given:
Number of old representatives = 13
Number of new representatives = 14
Find:
Percent change in number of representative
Computation:
Percent change in number of representative = [Number of new representatives-Number of old representatives]Number of old representatives
Percent change in number of representative = [14-13]/13
Percent change in number of representative = 7.6923
Percent change in number of representative = 7.7 % (approx.)
The difference between the amount budgeted and the actual amount received or spent is called the:
a. Variance
b. Cash outflow
c. Income
d. Cash inflow
e. Variable expense
The correct answer is a. Variance. Variance refers to the difference between the budgeted or planned amount and the actual amount received or spent. In other words, it is the difference between what was expected and what actually happened.
Variance can be either positive or negative, indicating whether the actual amount exceeded or fell short of the budgeted amount.
For example, if a company budgeted $10,000 for a marketing campaign but ended up spending $12,000, the variance would be $2,000 (the actual amount spent minus the budgeted amount). If the company spent only $8,000, the variance would be -$2,000 (the budgeted amount minus the actual amount spent).
Variance analysis is an important tool for financial management, as it helps identify areas where actual performance differs from planned performance. By analyzing the reasons for the variance, managers can make adjustments to their budgets and operations to improve performance and achieve their financial goals.
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Managers are accountable to some stakeholders whose interests they represent. These
stakeholders are:
Customers
Employees
Owners
Shareholders
Society
Government
1. Conduct a research to explain how is management responsible to EACH of these stakeholders. [18 marks]
pls help me
Answer:
see explanation
Explanation:
Stakeholder is anyone interest in the operation of a company or affected by the decision of the company.
Each stakeholder has its own interest and this is listed below :
Customers
They expect to receive value for money out of the firm products or services.
Employees
They are looking up to management for better remuneration for their manpower.
Owners
They seeking a maximum return from their investment in the company. Management run the company on their behalf as stewards.
Shareholders
They also seek maximum return from their investment in the company.
Society
The community expects the company to be a good corporate citizen and improve the social factors of employment, sustainability and environmental issues
Government
The government expects the company to be tax compliant and to pay its dues on time.
Juan is a young sales professional. He should feel that he is at a disadvantage because his
compensation is tied to his performance. T/F
Juan should not feel that he is at a disadvantage because his compensation is tied to his performance. In fact, having compensation tied to performance can be seen as an advantage for a sales professional. This statement is false.
Here's why:
Incentive for high performance: Tying compensation to performance creates a strong incentive for sales professionals to excel and achieve their targets. Knowing that their efforts directly impact their earnings motivates them to work harder and strive for success.
Reward for exceptional performance: With performance-based compensation, sales professionals have the opportunity to earn higher rewards when they exceed their targets or perform exceptionally well. This can provide a sense of accomplishment and financial satisfaction.
Control over earnings: Performance-based compensation gives sales professionals a certain level of control over their earnings. By putting in the effort, honing their skills, and effectively closing deals, they have the ability to increase their income potential.
Clear measurement of success: Performance-based compensation provides a clear and measurable indicator of success. Sales professionals can track their progress, identify areas for improvement, and set goals to increase their earnings.
While there may be risks associated with performance-based compensation, such as the possibility of not meeting targets or facing variability in income, it is generally considered a fair and rewarding system for sales professionals. It aligns their efforts with organizational goals and provides opportunities for growth and financial success based on their performance.
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outline 2 advantages to H&H of using secondary market research
Scenario 13-2 Chelsea wants to start her own Christmas ornament business. She can purchase a suitable factory that costs $100,000. Chelsea currently has $150,000 in the bank earning 3 percent interest per year. Refer to Scenario 13-2. Suppose Chelsea purchases the factory using $50,000 of her own money and $50,000 borrowed from a bank at an interest rate of 6 percent. What is Chelsea's annual opportunity cost of purchasing the factory
Answer:
The correct solution is "$4500".
Explanation:
The given values are:
Factory costs,
= $100,000
Chelsea purchases the factory,
= $50,000
Chelsea borrowed,
= $50,000
According to the question,
Throughout the interest rate given up, the opportunity cost will be:
= \(3 \ percent\times 50000+6 \ percent\times 50000\)
= \(1500+3000\)
= \(4500\) ($)
Select the whether the FIFO or LIFO inventory costing method normally produces each of the following effects under the listed circumstances. Declining costs.Rising costs
The choice of inventory costing method can have a significant impact on the financial results of a company. The FIFO and LIFO methods should be carefully evaluated based on the specific circumstances and goals of the company.
The FIFO (First-In-First-Out) and LIFO (Last-In-First-Out) inventory costing methods can produce different effects under different circumstances. In the case of declining costs, the LIFO method typically produces higher cost of goods sold (COGS) and lower net income compared to FIFO.
This is because LIFO assumes that the last inventory items purchased are the first ones sold, which means that the COGS reflects the higher costs of those items. On the other hand, FIFO assumes that the first inventory items purchased are the first ones sold, which means that the COGS reflects the lower costs of those items.
Therefore, in a declining cost environment, LIFO leads to higher COGS and lower net income compared to FIFO.
In the case of rising costs, the FIFO method typically produces higher COGS and lower net income compared to LIFO. This is because FIFO assumes that the first inventory items purchased are the first ones sold, which means that the COGS reflects the lower costs of those items.
On the other hand, LIFO assumes that the last inventory items purchased are the first ones sold, which means that the COGS reflects the higher costs of those items. Therefore, in a rising cost environment, FIFO leads to higher COGS and lower net income compared to LIFO.
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Note- Question is not available.
If the price of a hamburger is increased from $8 to $10, the price elasticity of demand equals ________. Use the midpoint formula.
The Price elasticity of demand is -3.
What is Price elasticity of demand?The Price elasticity of demand shows the change in consumption of a product in relation to its change in its price.
% change in price = (10-8) / ((10+8)/2)
% change in price = 2/9
% change in price = 22.22
% change in quantity = (1-2) / ((2+1)/2)
% change in quantity = -66.67
Price elasticity of demand = % change in quantity/% change in price
Price elasticity of demand = -66.67/22.22
Price elasticity of demand = -3
Hence, the Price elasticity of demand is -3.
Therefore, the Option 2 is correct.
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Which post-secondary program requires minimal prerequisites?
Answer with Explanation:
It depends upon the college or university you choose. If you are choosing a foreign college or university then following are the possible minimal pre-requisites:
Age FactorAttained Marks percentage Language Speaking requirement which includes taking an English speaking, learning and writing test. Examples of approved english skills tests programs are TOEFL, IELTS, etc.Minimum Fee depositCharacter CertificateValid PassportPersonal Information Providing Field oriented report which explains why you want to opt this program.Other requirements depending upon the course, university and law that governs the territory in which the institute operates.When product designers use computer-aided design (CAD) software to produce technical drawings in three dimensions, they are using:
Question 8 of 20 Which of the following reasons for writing a formal business document would lead you to write a proposal?
A. To tell your manager a project is on budget and on schedule
B. To summarize what happened during a meeting
C. To convince your manager to use a new meeting organization tool
D. To describe what tasks you completed during the week
Answer: i say A
Explanation:
Answer:
cc just did it
Explanation:
How is a 401k different from an individual retirement account (IRA)?
A 401k is a good long-term investment strategy.
A 401k allows people to contribute before taxes.
A 401k is created by an individual who deposits money.
A 401k is created by an employer who may match contributions.
Complete the following statement.
This
Adrian is attending a marketing conference and seems quite bored with the sequence of events, so he is
1. Slouching I. His chair
2. Leaning forward
3. Crossing his arms
This kind of gesture is an example of
1. Nonverbal
2.verbal
communication.
If you have an orientation where you are completing training exercises on a computer, it is probably a ____.
A new hire orientation
B interactive orientation
C reorientation
D mentorship
Answer: new hire orientation
Explanation:
New employee orientation is used in order to welcome newly employed workers to the organization and this is done in order to integrate the new workers into the system, train them, and make them feel welcomed and part of the organization. .
This helps to boost the confidence of the employees, leads to increase in the retention of employees and also boost employees morale.
Interaction orientation simply means the interaction that takes place between companies and their customers and this is done in order to improve the relationship with customers and achieve organizational goals.
Mentorship simply means having a mentor to guide an individual. Reorientation simply means to change a particular focus or mindset of certain people.
Based on the explanation, the answer is new hire orientation.
Answer:
A
Explanation:
Answer the questions that are provided below pls :)
Answer:
1: $600, $400, $300, $200
2: $37.35, $33.60, $25.00, $5.90, $111.85
3: $488.15, $288.15, $188.15, $88.15
Decision:
The lowest price to charge for a cup of lemonade in order to make a profit of at least $100 is 75 cents.
The best price to charge is 50 cents because it gives you enough for your trip, and enough to pay back the business expenses.
Explanation:
Hope this helps!
True or false:
Global marketing strategies are essential for 21st century businesses.
Answer:
true
Explanation:
Its an easier way to get your cash
:)
if carissa has a $255,000 home insured for $190,000, based on the 80 percent coinsurance provision, how much would the insurance company pay for a claim of $5,000?
The 80 percent coinsurance provision requires homeowners to insure their property for at least 80 percent of its replacement value. In this case, Carissa's home is insured for $190,000.the insurance company would pay $4,375 for a claim of $5,000
Which is less than 80 percent of the home's value ($255,000). To calculate the amount the insurance company would pay for a claim, we use the following formula: Insurance Payment = (Insurance Coverage / Required Coverage) x Claim Amount Using the given values: Insurance Payment = ($190,000 / 0.80) x $5,000 = $237,500 x $5,000 = $4,375 According to the formula. This amount is determined by multiplying the ratio of the insurance coverage to the required coverage (0.80) by the claim amount. It's important to note that the coinsurance provision encourages homeowners to adequately insure their property to avoid penalties or reduced claim payments. In this case, since the insurance coverage is less than the required coverage.
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Which economic tool would most likely be used as part of an expansionary
monetary policy?
O A. Selling treasury securities
B. Raising the reserve requirement
C. Reducing the discount rate
D. Increasing interest on reserves
Answer:
C. Reducing the discount rate
Explanation:
Expansionary monetary policies are macroeconomic undertakings by the Federal Reserve that aim at stimulating economic growth in the economy. Expansionary policies result in an increased flow of money in the country, which increases the aggregate demand.
The discount rate is the rate at which the Federal Reserve (the Fed ) charges commercial banks for advancing them credit. Reducing the discount rate makes loans from the Fed more affordable. Commercial banks will opt to borrow from the Fed at lower rates and lend out to households and firms at a higher interest rate, thereby making profits. Reducing the discount rate increases the money available for banks to lend out. Households and businesses will borrow this money for development and investments, which ignites economic growth.
Answer:
reducing the discount rate
Explanation:
ap3x
Grady Service Company Inc. was organized by Chris Grady and five other investors. The following events occurred during the year: a. Received $70,200 cash from the investors; each was issued 1,560 shares. b. Purchased equipment for use in the business at a cost of $19,200; one- fourth was paid in cash, and the company signed a note for the balance, payable in six months. c. Signed an agreement with a cleaning service to pay it $360 per week for cleaning the corporate offices. d. Lent $4,100 to one of the investors, who signed a note due in six months. e. Issued shares to additional investors, who contributed $7,600 in cash and a lot of land valued at $16,600. f. Paid the amount of the note payable in (b). g. Chris Grady borrowed $11,600 for personal use from a local bank and signed a note payable in one year. Required: 1. Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
The journal entries record the transactions that occurred during the year for Grady Service Company Inc.
Prepare journal entries for each transaction:
a. Received $70,200 cash from the investors; each was issued 1,560 shares.
Cash 70,200
Common Stock 70,200
b. Purchased equipment for use in the business at a cost of $19,200; one-fourth was paid in cash, and the company signed a note for the balance, payable in six months.
Equipment 19,200
Cash 4,800
Notes Payable 14,400
c. Signed an agreement with a cleaning service to pay it $360 per week for cleaning the corporate offices.
Cleaning Expense 360
Accounts Payable 360
d. Lent $4,100 to one of the investors, who signed a note due in six months.
Notes Receivable 4,100
Cash 4,100
e. Issued shares to additional investors, who contributed $7,600 in cash and a lot of land valued at $16,600.
Cash 7,600
Land 16,600
Common Stock 24,200
f. Paid the amount of the note payable in (b).
Notes Payable 14,400
Cash 14,400
g. Chris Grady borrowed $11,600 for personal use from a local bank and signed a note payable in one year.
Cash 11,600
Notes Payable 11,600
The entries reflect the issuance of shares to investors, the purchase of equipment, the signing of agreements, lending money, the issuance of additional shares, the repayment of a note payable, and personal borrowing by Chris Grady. Properly recording these transactions in the journal ensures accurate financial records for the company.
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Why are file naming conventions essential?
A. So that data entry workers do not have to learn new systems with
every new position.
B. To make it easy to copy files for backup storage.
C. So that companies can easily share files with other companies.
D. Without everyone using the same system, it would be impossible
to know locate folders or files.
Answer:
D. Without everyone using the same system, it would be impossible
to know locate folders or files.
Explanation:
how does a shop owner add value to their business
Answer:
A shop owner adds value to their business by conducting all major monetary transactions for his company.
Explanation:
Answer:
Customer engagement.
Community.
Thank you cards.
Membership.
Convenience without a compromise.
Have a cause.
Explanation:
ponderosa company borrowed $405,000 cash on september 1, 2022, and signed a one-year, 6% interest-bearing note payable. the interest and principal are both due on august 31, 2023. assume that the appropriate adjusting entry was made on december 31, 2022 and that no adjusting entries have been made during 2023. which of the following would be the required journal entry to pay the note on august 31, 2023?
The required journal entry to pay the note on August 31, 2023, would be:
Debit Notes Payable for $405,000
Debit Interest Expense for $12,150 ($405,000 x 6% x 12/12)
Credit Cash for $417,150
When the note is paid, Notes Payable account is debited for the principal amount, Interest Expense account is debited for the interest that has accumulated since December 31, 2022, and Cash account is credited for the total payment.
The interest expense of $12,150 is calculated as ($405,000 x 6% x 8/12), since the note was outstanding for 8 months from January 1, 2023, to August 31, 2023. It is important to note that no adjusting entries were made in 2023, so the interest expense for the entire year is not recognized in the books.
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What is a real account?
Answer:
A real account is a publicly generalized account that does not close at the end of the considered year. Apparently, the balances in real accounts are carried over to become the start of balances of the next period. Real accounts are also permanent accounts.
Answer:
Explanation:
A real account is a acccount that’s valid until one year
coffeeshops were once the domain of old men, insomniacs, and urban hipsters. by reinventing coffee shops, starbucks made the $4 latte a must-have item for college students, businesspeople, and soccer moms. by altering the business model to address the demand of new markets, starbucks used a strategy.
Starbucks used a strategy of market segmentation and diversification by recognizing the potential demand for coffee from a wider demographic than the traditional clientele of old men, insomniacs, and urban hipsters.
By reinventing the coffee shop concept and creating a welcoming and comfortable atmosphere, they were able to attract new markets such as college students, businesspeople, and soccer moms.
This shift in the business model allowed Starbucks to increase their customer base and revenue by offering new products and services tailored to the needs and preferences of these different segments.
Overall, Starbucks' strategy involved adapting to changing market trends and consumer demands to stay relevant and competitive in the industry.
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Which of the following best describes the agency relationship in a business setting?
a) Stockholders are the agents of the bondholders.
b) Management are the agents of the employees.
c) Bondholders are the agents of management.
d) Management are the agents of the stockholders.
e) Stockholders are the agents of the employees.
The correct answer is d) Management are the agents of the stockholders.
In a business setting, the agency relationship refers to the relationship between the principals (stockholders or owners of the company) and the agents (management or executives who run the company on behalf of the stockholders). The management team acts as agents, representing the interests of the stockholders who have entrusted them with the responsibility of managing the company's operations and maximizing shareholder value.
This relationship is based on the principle of agency theory, which suggests that the agents should act in the best interests of the principals. The management team has a fiduciary duty to make decisions and take actions that will maximize shareholder wealth. They are accountable to the stockholders and should act in accordance with their preferences and goals.
The other options presented in the question are not accurate descriptions of the typical agency relationship in a business setting.
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A trader, who is considering uncovered interest arbitrage between the US dollar (USD) and Australian dollar (AUD), faces the following data: Funds available: Spot exchange rate: Spot exchange rate one year ago USD 3-month interest rate: AUD 3-month interest rate: 2 million USD 0.94 AUD per USD 1.00 AUD per USD 0.12% per annum 4.69% per annum (1) Calculate the profit that would be made if the exchange rate remains at its current level in three months' time; Borrow USD 2,000,000 for 3 months. USD to repay after 3 months = 2,000,000 (1 + (0.12% * (3/12))) = USD 2,00,600 Convert the borrowed USD into AUD at the spot exchange rate. AUD received = 2,000,000 * 0.94 = AUD 1,880,000 Invest the AUD for 3 months. AUD received after 3 months = 1,880,000 (1 + (4.69% (3/12))) = AUD 1,902,043 After 3 months convert the AUD back into USD. USD received = 1,902,043/0.94 USD 2,023,450 Profit = USD received after 3 months - USD to repay after 3 months Profit = 2,023,450 - 2,000,6000 Profit - USD 22,850 (2) How would the profit figure change if the Australian dollar continues to strengthen at the same rate as it has done over the past year?
The profit will be USD 22,850 if the exchange rate remains at its current level in three months' time. If the Australian dollar continues to strengthen at the same rate as it has over the past year, the profit figure would decrease.
1- To calculate the profit made if the exchange rate remains at its current level in three months' time, follow these steps:
Borrow USD 2,000,000 for 3 months.
2-If the Australian dollar continues to strengthen at the same rate as it has done over the past year, the profit will decrease. This is because the trader would receive less USD when converting the AUD back after investing, as the exchange rate would have shifted in favor of the AUD. Therefore, the profit would be smaller or possibly even turn into a loss.
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What are some ways you deal with stress at school or at home? How could you use those techniques in the workplace? PLZZZZZ!!!!
Some ways to deal with stress at school or at home is as follows:
1. Stop when you need to.
2. After finishing, treat yourself.
3. When you have free time, spend it with your loved ones.
4. Sleep for eight hours each night.
5. Never miss a meal and never skip breakfast.
6. Reflection
7. If you have a desk job, stand up and stretch your legs.
How to reduce stress at work?The APA poll revealed that individuals who often experience tension or stress at work are more than three times as likely to indicate they plan to look for employment elsewhere in the upcoming year (71% vs. 20%) than employees who don't experience such stress.
Employees who have some degree of autonomy over their work schedules tend to be happier than those who are subject to stricter work-hour regulations. Most employees value having flexible work hours because it allows them to escape traffic, exercise in the morning, or walk their pets before dusk. Allow staff to work from home if the job can be done remotely, or use a hybrid approach if it can.
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Please Help Immediately
Calculate $1200 ÷ 250.00 = answer in weeks. Round your answer up to the nearest whole week.
Calculate $4308 ÷ 250.00 = answer in weeks. Round your answer up to the nearest whole week.
Answer: 1. $1200 ÷ 250.00 = 4.8 rounded to the nearest whole number, 5 weeks
2. $4308 ÷ 250.00 = 17.232 rounded to the nearest whole number, 17 weeks
___ requrements are courses that build knowledge and skills in a specific field.
A. major
B. general studies
C. specialization
D. elective
D. elective requrement are courses that build knowledge and skills in a specific field