After the payment of the accounts payable, XYX Inc.'s current ratio is 2.33.
To calculate the current ratio after the payment of the accounts payable, we need to adjust the current assets and current liabilities. Prior to the payment, the current assets were $90,000 and the accounts payable were $38,000. The current ratio is calculated by dividing current assets by current liabilities.
Current ratio = Current assets / Current liabilities
Before the payment:
Current ratio = $90,000 / (Current liabilities)
After the payment, the accounts payable of $38,000 are reduced, so the new current liabilities will be:
Current liabilities = (Current liabilities - Payment) = (Current liabilities - $38,000)
Now we can calculate the new current ratio:
New current ratio = $90,000 / (Current liabilities - $38,000)
By substituting the given values, we find that the new current ratio is 2.33.
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Assume the economy is operating at P1Y2.
Which of the following would cause a shift to bring the economy to P3Yf?
Real wages fall.
Productivity increases.
Personal income taxes increase.
Transfer payments decrease.
A major hurricane hits the southeastern United States.
The decrease in aggregate demand would also reduce productivity and lead to a decrease in output and employment.
What is employment?Employment is an agreement between two parties, usually based on a contract, where work is exchanged for compensation, such as wages, salary, or commission. Employment is typically for a fixed period of time, and the employer usually has the right to dismiss an employee for a legitimate reason. Employment typically involves an exchange of services, knowledge, skills and experience for remuneration. Employment can be either full-time, part-time, or casual, depending on the type of job and the agreement between the employer and the employee.
A major hurricane hitting the southeastern United States would cause a shift to bring the economy to P3Yf as it would reduce aggregate demand in the affected areas, resulting in a decrease in consumption and investment spending. This would lead to a contraction in output and employment, resulting in a decrease in real wages, a decrease in transfer payments, and an increase in personal income taxes.
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What is a disadvantage of using a checking account instead of other types of
accounts?
A. You will likely not have federal protection for your money.
B. You will pay a fee if you make too many transactions.
C. You will generally not receive interest.
D. You will pay a penalty if you withdraw your money.
Answer:
you will generally not receive interest
Explanation:
took the quiz
Discuss the advantages and disadvantages of the division of labour.
Explanation:
I hopeit help you✌️✌️✌️✌️✌️
Until when can you register your work with the US Copyright Office in order to claim statutory damages from the court in the event of infringement
To claim statutory damages from the court in the event of infringement, you need to register your work with the US Copyright Office. The deadline for registration depends on when the infringement occurs.
Here's a step-by-step breakdown:
1. Registering your work with the US Copyright Office provides important benefits, including the ability to claim statutory damages in case of infringement.
2. Statutory damages are a predetermined amount of compensation set by law, which can be awarded by the court. This eliminates the need to prove actual damages caused by the infringement.
3. In order to be eligible for statutory damages, you must register your work either before the infringement occurs or within three months after the first publication of the work.
4. If you register your work within this three-month window, you can claim statutory damages for both pre-registration and post-registration infringement.
5. However, if you register your work after the three-month period, you can only claim statutory damages for post-registration infringement.
6. It's important to note that registering your work with the US Copyright Office also provides other benefits, such as the ability to file a lawsuit in federal court if necessary.
To claim statutory damages from the court in the event of infringement, you should register your work with the US Copyright Office either before the infringement occurs or within three months after the first publication of the work.
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a motivational speach before final exams
Explanation:
Honestly, you got this! Don't stress yourself too much! You are capable of AMAZING things! I am positive you will do great on this exam! Never stop working hard, but don't forget to reward yourself! You can do anything you set your mind to!
I don't know if this helped but GOOD LUCK!!
edge company produces two models of its product with the same machine. the machine has a capacity of 140 hours per month. the following information is available. standard deluxe selling price per unit $ 70 $ 100 variable costs per unit 20 60 contribution margin per unit $ 50 $ 40 machine hours per unit 1 hour 2 hours maximum unit sales per month 600 units 200 units required:
Based on the information provided, Edge Company produces two models of its product using the same machine. The machine has a capacity of 140 hours per month.
The standard model has a selling price per unit of $70 and variable costs per unit of $20, while the deluxe model has a selling price per unit of $100 and variable costs per unit of $60.
To determine the contribution margin per unit for each product, we can subtract the variable costs per unit from the selling price per unit. For the standard model, the contribution margin per unit is $50 ($70 - $20), while for the deluxe model, the contribution margin per unit is $40 ($100 - $60).
We also know that the standard model requires 1 hour of machine time per unit, while the deluxe model requires 2 hours of machine time per unit. This means that the maximum number of units that can be produced each month is limited by the available machine hours.
To determine the maximum number of units that can be produced and sold each month for each product, we can divide the available machine hours (140) by the machine hours required per unit. For the standard model, the maximum number of units that can be produced is 140 units (140 hours / 1 hour per unit), while for the deluxe model, the maximum number of units that can be produced is 70 units (140 hours / 2 hours per unit).
Finally, to determine the total contribution margin for each product, we can multiply the contribution margin per unit by the maximum number of units that can be produced and sold each month. For the standard model, the total contribution margin is $7,000 ($50 per unit x 140 units), while for the deluxe model, the total contribution margin is $2,800 ($40 per unit x 70 units).
In terms of pricing strategy, Edge Company may want to consider adjusting the price of each product to maximize profits. For example, if demand for the deluxe model is high, they may be able to increase the selling price to increase the contribution margin per unit. Alternatively, they may want to focus on producing more of the standard model, which has a higher contribution margin per unit and a larger maximum sales volume.
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Write down the career you want to pursue and identify which of the four assessments you learned about in the lesson you need to take for your career.
Answer:
Explanation:
As a chartered accountant, I want to pursue a career in accounting and finance. From the lesson I learned about, I believe I need to take the following four assessments to further my career:
Aptitude test: This assessment will evaluate my cognitive abilities and problem-solving skills, which are important for success in the field of accounting and finance.
Personality test: This assessment will help determine my personal strengths, values, and communication style, which are important qualities for a chartered accountant to possess.
Interest inventory: This assessment will help me understand my interests and passions, which can guide my career path as a chartered accountant.
Work style assessment: This assessment will help me understand my work habits and preferences, which can inform my approach to tasks and projects as a chartered accountant.
Answer:
I want to teach English literature and therefore I want to become a professor at a reputed university. I will have to take the SAT exam in order to get admission in a good college.
Explanation:
Why would South Africa’s import value be higher than export value
South Africa exports of items and services as proportion of GDP is 30.47% and imports of items and services as proportion of GDP is 25.53%.
Why import is greater than export?A weaker domestic currency stimulates exports and makes imports more expensive; conversely, a sturdy home forex hampers exports and makes imports cheaper. Higher inflation can also influence exports via having a direct have an effect on on input fees such as materials and labor.
Imports become extra expensive. Exports and AD make bigger causing demand-pull inflation.
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https://brainly.com/question/27899202#SPJ13what is meant by net operating surplus
Answer: See explanation
Explanation:
Net operating surplus is the balance that shows how income is allocated between production factors and the government sector. It measures the yield from the factors of production like the land, the capital and labour in the income account.
It is also referred to as the difference between the gross operating surplus and the capital consumption which is fixed.
what challenges might people living in a county or state with a high concentration of subprime scores be facing as a result of the low credit scores?
The challenges people living in a county or state with a high concentration of subprime scores might be facing as a result of the low credit scores are:
I. Poverty.
II. Famine and hunger.
III. Low level of healthcare.
A credit score can be defined as a numerical expression ranging 300 to 850, which typically represents an individual's financial history and credit worthiness.
This ultimately implies that, the higher your credit score, the higher and better it is to obtain a credit (money) from a potential lender and vice-versa.
In the U.S, the ratings of a credit score by FICO include the following;
A credit score ranging from 670 to 739 is considered to be a good credit score.A credit score of 740 to 799 is better.A credit score of 800 to 850 is considered to be excellent.In this context, the challenges people living in a county or state with a high concentration of subprime scores might be facing as a result of the low credit scores are:
I. Poverty.
II. Famine and hunger.
III. Low level of healthcare.
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Remy is applying for a job where the employer asks that a cover letter and résumé be submitted. Remy should:
a.
Attach letters of recommendation also
b.
Send the cover letter first, and the résumé later
c.
Submit only the cover letter and résumé
d.
Send the cover letter as an attachment
Please select the best answer from the choices provided
A
B
C
D
Answer:
Its C
I took the test
Answer: c
Explanation: I got you
Which of the following is not a business product category in the business-to-business
Answer:
I think it is Specialty Products.
Explanation:
Sorry if I'm wrong
how does 2022 versa’s electric power-assisted steering enhance fuel efficiency?
It should be noted that Versa’s electric power-assisted steering enhances fuel efficiency as it doesn't rely on engine power.
Electric power assisted steering refers to any type of power steering wheel that is used to attenuate the effort of the driver that's required to steer the vehicle.
The 2022 Versa’s electric power-assisted steering enhance fuel efficiency because it doesn't rely on engine power.
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What should you, the worker, be aware of with regard to evacuation procedures at your workplace?
(select two answers)
(a) when you get back into the building
(b) evacuation plans
(c) what to do when the emergency has passed
(d) how long the emergencies will last
With regard to evacuation what one has to be aware of would be
evacuation planshow long the emergencies will lastWhat is meant by evacuation?This is the term that is used to refer to all that would have to be done in order to get all the occupants of a building out of it due to an emergency that is occurring in the building. The need for evacuation is often due to emergency that could cause a loss of life. An example of such incidence would during a fire outbreak.
Hence we can say that With regard to evacuation what one has to be aware of would be
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WACC for a company: Contemporary Products Ltd currently has $200
million of market value
debt outstanding. The 9 percent
coupon bonds (semiannual pay) have a maturity of 15 years, a face
value of $100
The company's weighted average cost of capital (WACC) is approximately 11.32%.
How did we get the value?To calculate the weighted average cost of capital (WACC), consider the different sources of capital for the company and their respective weights. In this case, the sources of capital are market value debt, preference shares, and ordinary shares.
Step 1: Calculate the weights of each source of capital.
Total market value debt = $200 million
Total market value of preference shares = 2 million shares * $20 per share = $40 million
Total market value of ordinary shares = 14 million shares * $20 per share = $280 million
Total market value of all sources of capital = $200 million + $40 million + $280 million = $520 million
Weight of debt = Market value of debt / Total market value of all sources of capital
Weight of debt = $200 million / $520 million = 0.3846 (approximately 38.46%)
Weight of preference shares = Market value of preference shares / Total market value of all sources of capital
Weight of preference shares = $40 million / $520 million = 0.0769 (approximately 7.69%)
Weight of ordinary shares = Market value of ordinary shares / Total market value of all sources of capital
Weight of ordinary shares = $280 million / $520 million = 0.5385 (approximately 53.85%)
Step 2: Calculate the cost of each source of capital.
Cost of debt:
Coupon rate = 9% (semiannual pay)
Bond price = $1,024.87
Face value = $1,000
Number of periods = 15 years * 2 (since semiannual payments) = 30 periods
We can use the following formula to calculate the cost of debt:
Cost of debt = Coupon payment / Bond price + (Face value - Bond price) / Number of periods / (Face value + Bond price) / 2
Coupon payment = Coupon rate × Face value / 2
Coupon payment = 9% × $1,000 / 2 = $45
Cost of debt = $45 / $1,024.87 + ($1,000 - $1,024.87) / 30 / ($1,000 + $1,024.87) / 2 ≈ 0.0438 (approximately 4.38%)
Cost of preference shares:
Dividend per preference share = $1.20
Market price per preference share = $20
Cost of preference shares = Dividend / Market price
Cost of preference shares = $1.20 / $20 ≈ 0.06 (approximately 6%)
Cost of ordinary shares:
Dividend in the next year = $2.20
Expected dividend growth rate = 7%
We can use the Gordon growth model to calculate the cost of ordinary shares:
Cost of ordinary shares = (Dividend / Share price) + Dividend growth rate
Cost of ordinary shares = ($2.20 / $20) + 7% ≈ 0.17 (approximately 17%)
Step 3: Calculate the weighted average cost of capital (WACC).
WACC = (Weight of debt × Cost of debt) + (Weight of preference shares × Cost of preference shares) + (Weight of ordinary shares × Cost of ordinary shares)
WACC = (0.3846 × 0.0438) + (0.0769 × 0.06) + (0.5385 × 0.17)
WACC ≈ 0.0169 + 0.0046 + 0.0917
WACC ≈ 0.1132 (approximately 11.32%)
Therefore, the company's weighted average cost of capital (WACC) is approximately 11.32%.
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The complete question goes thus:
WACC for a company: Contemporary Products Ltd currently has $200 million of market value debt outstanding. The 9 per cent coupon bonds (semiannual pay) have a maturity of 15 years, a face value of $1000 and are currently priced at $1,024.87 per bond. The company also has an issue of 2 million preference shares outstanding with a market price of $20. The preference shares offer an annual dividend of $1.20. Contemporary Products also has 14 million ordinary shares outstanding with a price of $20.00 per share. The company is expected to pay a $2.20 ordinary dividend 1 year from today, and that dividend is expected to increase by 7 per cent per year forever. If the corporate tax rate is 40 per cent, then what is the company’s weighted average cost of capital?
There are things that will disqualify a person from police service. Drug use beyond "experimentation" will likely disqualify a person. Which best describes "experimentation" by hiring standards?
Using heroin once after the age of 21.
Using marijuana less than 10 times as a teenager.
Using marijuana on weekends after age 21.
Using another person's prescription drugs for recreation.
Answer: Using heroin once after the age of 21
Explanation:
I did a quick look up and I belive this is the answer. Hope it helps
1. Which is the common factor of 24 and 32?
D. 32
D. 28
D. 19
A 8
B. 16
C. 24
2. What is the greatest common factor of 14 and 567
A7
B. 14
C. 21
3. What is the greatest common factor (GCF) of 16 and 24?
A. 6
B.8
C. 12
4. Which of the following is the greatest common factor of 28 and 367
A. 4
B.7
C. 8
5. The following numbers are common factors of 28 and 56 except?
A. 7
B. 14
C. 8
6. What is the Least Common Multiple (LCM) of 7 and 87
D.9
D. 28
A. 56
B. 68
C. 84
D. 146
7. What is the least common multiple of 6 and 147
A. 42
B.54
C.76
D.84
8. What is the least number of carpenters that an engineer must hire If he wants to
arrange them in groups of 4, 5, 6 with no left over?
A. 120
B.150
C.60
D.240
9. During a car race, two competitors will stop to fill up the fuel tank. One does it
every 4 laps, and the other every 5 laps. If they travel at the same speed, how
many laps will they meet again at the fuel station?
A. 16
B. 20
C.25
D. 30
10. What is the least common multiple (LCM) of 12 and 14?
A. 54
B. 68
C. 84
D. 146
please answer me please
Answer:65
Explanation:
Answer:
8
Explanation:
University of the Southern Caribbean have been considering to construct two extension sites in other Caribbean Islands. After they reviewed and analysed several proposals, the options were narrowed down to two possible extension sites. The St. Lucia extension site is estimated to cost $950,000 with an expected cost of capital to be 10%. Grenada’s extension site is closer to Trinidad so the cost is anticipated to be $750,000 with a cost of capital of 12%. The anticipated net cash inflows for the next 6 years are projected below.
Years St. Lucia Extension Site Grenada Extension Site
1 230,000 230,000
2 228,000 280,000
3 278,000 295,000
4 283,000 180,000
5 273,000 200,000
6 280,000 150,000
Requirements:
1. USC would like the payback period to be by year 4 for the latest. Based on that, which investment would you recommend and if they both meet the criteria, rank them.
2. USC has $1,750,000 available for the projects. Use the NPV method for the basis of your recommendation.
3. Make an overall recommendation after reviewing both the payback and NPV methods.
Answer:
a. Payback period method works by finding out if the investment will payback its initial investment within a certain period.
Payback period is a maximum of 4, find out which investment paid back in 4 years:
St Lucia:
= Cash flows for first 4 years - initial investment
= 230,000 + 228,000 + 278,000 + 283,000 - 950,000
= $69,000
Payback period = Year before payback + (Amount left for payback / Cashflow in payback year)
= 3 + ( (950,000 - 230,000 + 228,000 + 278,000) / 283,000)
= 3.76 years
Granada:
Payback period = Year before payback + (Amount left for payback / Cashflow in payback year)
= 2 + ( ( 750,000 - 230,000 - 280,000) / 295,000)
= 2.81 years
Both of them meet criteria but Granada site has lower payback period of 2.81 years so should rank higher than St. Lucia site.
2. St Lucia NPV:
= (230,000 / (1 + 10%)) + (228,000 / (1 + 10%)²) + (278,000 / (1 + 10%)³) + (283,000 / (1 + 10%)⁴) + (273,000 / (1 + 10%)⁵) + (280,000 / (1 + 10%)⁶) - 950,000
= $177,243
Granada NPV:
= (230,000 / (1 + 12%)) + (280,000 / (1 + 12%)²) + (295,000 / (1 + 12%)³) + (180,000 / (1 + 12%)⁴) + (200,000 / (1 + 12%)⁵) + (150,000 / (1 + 12%)⁶) - 750,000
= $192,420
USC has enough money to fund both projects and so should embark on both of them as they both bring in a positive Net Present Value.
3. On the basis of both the Payback period and the NPV, the Granada site performs better than the St. Lucia so if USC does not have enough money for both projects, they should invest in the Granada project.
17A - Although the women of America are one step nearer to nylon stockings as a result of new ceiling price schedules . . . , the prospect of "nylons for Christmas," except for a favored few, is not good, hosiery manufacturers said yesterday.
—"Outlook Is Gloomy for Christmas Nylons," New York Times, November 10, 1945
This excerpt suggests that U.S. consumers were affected by —
Even if the jobs that women did during the war were eliminated after demobilization, women acquired skills between 1914 and 1918.
What modifications to women's social roles resulted from World War 2?American women were given unprecedented chances during World War II to work in fields that had never been available to them, particularly in the defense sector. It was difficult for women to find good childcare while working and to combat societal stereotypes of working women.
How did women's roles in society change following World War One?Most significantly, following the war, many countries finally granted women the right to vote. However, there were very few states that allowed their female residents to vote, and this did not happen until much later (1944 in France).
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Process A uses 4 workers and 2 sewing machines to produce a certain number of T-shirts while Process Buses 3 workers and 3 machines to produce the same quantity. Which production process maximizes productive efficiency in the following cases? a. If the daily cost of a worker is $60 and the daily cost of a sewing machine is $65 then Process............ maximizes productive efficiency b. If the daily cost of a worker is $360 and the daily cost of a sewing machine is $350 then Process ............ maximizes productive efficiency
The total daily cost of Process B is $375. Since Process A has a lower daily cost than Process B in this case, it maximizes productive efficiency.
a. To determine which process maximizes productive efficiency, we need to calculate the total daily cost for each process. Process A uses 4 workers, which cost $60 each per day, for a total of $240. It also uses 2 sewing machines, which cost $65 each per day, for a total of $130. Therefore, the total daily cost of Process A is $370. Process B uses 3 workers, which cost $60 each per day, for a total of $180. It also uses 3 sewing machines, which cost $65 each per day, for a total of $195.
b. Using the same method as above, we can calculate the total daily cost for each process in this case. Process A uses 4 workers, which cost $360 each per day, for a total of $1440. It also uses 2 sewing machines, which cost $350 each per day, for a total of $700. Therefore, the total daily cost of Process A is $2140. Process B uses 3 workers, which cost $360 each per day, for a total of $1080. It also uses 3 sewing machines, which cost $350 each per day, for a total of $1050. Therefore, the total daily cost of Process B is $2130. Since Process B has a lower daily cost than Process A in this case, it maximizes productive efficiency.
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human capital refers to multiple choice the accumulated knowledge and skills that allow a person to be productive. machinery that requires extensive human interaction to be productive. the accumulated financial assets of people. all of these things.
Human capital refers to the accumulated knowledge and skills that allow a person to be productive.
Human capital includes the knowledge, abilities, and health that human beings acquire for the duration of their lives, enabling them to recognize their capability as effective members of society. we are able to end excessive poverty and create extra inclusive societies by way of growing human capital.
Examples of human capital include verbal exchange abilities, education, technical abilities, creativity, experience, problem-solving capabilities, mental health, and personal resilience.
You may separate human capital into 3 types: expertise capital, social capital, and emotional capital.
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in cost-benefit analysis, regulatory intervention can be justified if the
In cost-benefit analysis, regulatory intervention can be justified if the benefits to society exceed the costs.
A cost-benefit analysis is a technique used to determine the feasibility of a project or a policy by comparing its benefits and costs. The benefits are measured in terms of the value created for society, while the costs are measured in terms of the value that the society has to give up.
The regulatory intervention is justified when the benefits exceed the costs because the regulatory intervention aims to solve a particular problem that is harmful to society.
Regulatory intervention is necessary in situations where the free market is unable to regulate itself, leading to negative externalities that cause harm to society. For example, pollution is a negative externality that can be regulated by the government.
Therefore, regulatory intervention can be justified if the benefits to society exceed the costs. This is the fundamental principle of cost-benefit analysis, which is used to evaluate the feasibility of regulatory interventions.
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Describe the steps you would take to prepare yourself for a new job.
Answer:
Tons of research! Make sure to ask questions when employers ask if you have anything you would like to know. Dress appropriately for the job and job requirements and come prepared and try not to use words like "Um" and "I'm not sure" often!
Explanation:
Job prep!
True or False:
Sector partnerships typically focus on jobs that require more than a four-year college degree.
False. Sector partnerships can focus on jobs that require various levels of education and training, including those that require more than a four-year college degree as well as those that require less.
The primary goal of sector partnerships is to foster collaboration between employers, education and training providers, and other stakeholders to address the workforce needs of a specific industry or sector.
While some sector partnerships may prioritize high-skilled occupations that require advanced degrees or specialized training, others may focus on middle-skill or entry-level positions that require less formal education. The specific focus of a sector partnership depends on the needs and characteristics of the industry or sector it serves.
The aim of sector partnerships is to align the skills and training of the workforce with the current and future demands of employers in a particular industry. This can involve addressing skill gaps, developing training programs, promoting career pathways, and enhancing the overall competitiveness of the sector.
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Maria deposits her paycheck each week in a checking account. She plans to buy a car in the next year, so she decides to start saving $100 each month to pay for it. She does not want to have to remember to make that deposit each month. What savings instruments could help Maria reach her goal? Check all that apply. Series I savings bonds Series EE savings bonds a regular savings account a 24-month certificate of deposit a money market account with a $100 minimum deposit
Answer:
a regular saving accounts
a money market account with a $100 minimum deposit
Explanation:
i got right
Maria deposits her paycheck each week in a checking account. She plans to buy a car in the next year, so she decides to start saving $100 each month to pay for it. She does not want to have to remember to make that deposit each month. Savings instruments could help Maria reach her goal are -
A regular savings account a 24-month certificate of depositA money market account with a $100 minimum depositWhat is deposit?Deposit is a sum of money paid into a bank or building society account.
What is a paycheck?Paycheck is a salary or wages cheque made out to an employee.
What are savings?Savings are income not spent, or deferred consumption.
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What is the downside to booking a world-famous act?
a) They demand large fees
b) They command lower ticket prices
c) The audience is too small
d) None of the above
Yes, the correct option is a). They demand large fees. A booking is a contract to reserve a specific ticket, lodging, or location in advance.
Prices can be fixed by making reservations at a more economical rate for future travel. On Reservations, all reservation policies are thoroughly defined. Booking a world-famous act can come with a downside of having to pay a large fee. These acts have established their reputation and demand a high price for their performances. This can limit the budget for other aspects of the event and potentially result in higher ticket prices for the audience.
However, the upside is that booking a well-known act can attract a larger audience and bring in more revenue overall.
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in soft product variety, the products differ substantially from each other true or false
in soft product variety, the products differ substantially from each other: False
In soft product variety, the products do not differ substantially from each other. Soft product variety refers to a situation where there are multiple versions or variations of a product, but these versions are similar or have minor differences. This could include different flavors of a soft drink, different colors of a clothing item, or different sizes of a smartphone. The products in soft product variety are generally considered to be within the same product category and share common features or attributes.
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Tom to a job at a grocery store during his summer break. At the end of the summer,
he managed to save $5,500. Tom would like to purchase a new tv for his room, while his
parents have advised him to open a savings account. A new savings account ears 2
percent interest per year. If Tom chooses to purchase the television instead, what is the
marginal cost or marginal benefit after one year? To calculate the marginal cost or
benefit you determine the total benefit of the option that was not taken. Hint: Multiply the
total dollar amount by the annual interest rate in order to determine the interest earned
after one year.
Answer:
the answer is
if Tom saves 2 percent of money in saving accounts he will have963,600 at the end of year
Answer:
if Tom saves 2 percent of money in saving accounts he will have963,600 at the end of year
Mc qu. 36 qingyi works for a large technology. Qingyi works for a large technology company as an engineer. As an employee, why should he look at his company's financial statements?
Although not directly involved in finance, understanding the financial statements can benefit Qingyi by providing job security, insight into company strategy, and making him a more well-rounded employee.
As an engineer working for a large technology company, Qingyi may not necessarily be directly involved in the financial aspects of the business. However, it is still important for him to have a basic understanding of the company's financial statements for several reasons.
Firstly, understanding the company's financial health can give Qingyi a sense of job security. If the company is struggling financially, it may be at risk of layoffs or other cost-cutting measures that could impact its role or department. By keeping an eye on the financial statements, Qingyi can be better prepared for any potential changes or shifts in the company's priorities.
Additionally, being familiar with the financial statements can help Qingyi understand the company's overall strategy and direction. For example, if the company is investing heavily in research and development, he may have a better understanding of the types of projects his team will be working on in the future.
Finally, having a basic understanding of financial statements can make Qingyi a more well-rounded employee. He may be better equipped to collaborate with colleagues in other departments, such as finance or accounting, and be able to contribute to discussions about the company's overall performance and goals.
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A house has a total cost new of $212,340. It is 12 years old and has an estimated remaining economic life of 38 years. The cost to cure deferred maintenance items is $670. Short lived items Cost is $20,000 and depreciation on the short lived items has been identified totaling $4,850. What is the amount of long-lived depreciation attributable to the building
Answer:
$ 46,000
Explanation:
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If a house has a total cost new of $212,340. It is 12 years old and has an estimated remaining economic life of 38 years. The cost to cure deferred maintenance items is $670. Short lived items Cost is $20,000 and depreciation on the short lived items has been identified totaling $4,850. The amount of long-lived depreciation attributable to the building is $46,000
First step is to determine the total economic life
Economic life=12 years+38 years
Economic life = 50 years
Second step is to calculate depreciation percentage
Depreciation percentage=12/(50) ×100
Depreciation percentage= 24%
Third step is to calculate the cost of long lived items
Using this formula
Cost of items=Total cost-Deferred maintenance -Short lived items
Cost of items=$212,340 - $670 - $20,000
Cost of items= $191,670
Now let determine the amount of long-lived depreciation attributable to the building
Using this formula
Long-lived depreciation attributable to building= Cost of the long-lived items× Depreciation percentage
Let plug in the formula
Long-lived depreciation attributable to building=$191,760×24%
Long-lived depreciation attributable to building= $46,000
Inconclusion if a house has a total cost new of $212,340. It is 12 years old and has an estimated remaining economic life of 38 years. The cost to cure deferred maintenance items is $670. Short lived items Cost is $20,000 and depreciation on the short lived items has been identified totaling $4,850. The amount of long-lived depreciation attributable to the building is $46,000
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