The $425 per week Andrew earns working for Spotless Car Wash
The car wash Beth receives
Looking at a few simple measurements of the financial system has allowed you to be extra concrete approximately the troubles in Argentina. You document again to the International Monetary Fund (IMF) group that manufacturing has been declining in latest years. You additionally document that there has been a latest boom with inside the fee level. As yet, though, you do now no longer recognize something approximately both the reasons or the effects of those events. Measurement of the financial system tells you what has passed off, however it tells you neither why it passed off nor what it means. Measurement isn't enough. We want frameworks to assist us make feel of the facts that we gather. Economists use many extraordinary styles of frameworks to make feel of an financial system. One of the maximum essential is referred to as the round waft of income. To apprehend the round waft, remember our operating definition of financial activity: “items and offerings produced for sale.” So far, we've targeted on manufacturing. Now we reflect on consideration on the “for sale” part.
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A corporation purchases 10,000 shares of its own $10 par common stock for $35 per share, recording it at cost. what will be the effect on total stockholders' equity?
Stockholders' equity will drop by $350,000 based on the data provided.
What exactly is shareholder equity?Shareholder equity is the amount of money invested in a company by its owners. This comprises both direct investments and indeed the accumulation of income earned by the company and reinvested since its beginning.
Are retained earnings comparable to stockholders' equity?Shareholder equity is the number of assets remaining after deducting liabilities. Retained earnings are the earnings that the entity has kept from its inception. Retained earnings are reduced because when a company incurs losses or distributes dividends to its shareholders or owners.
According to the given information:The purchase of Treas.
Stock decreases Stockholders equity by its cost,
in this case $35 * 10,000.
Stockholders' equity will decrease by $350,000.
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a company sold equipment that originally cost $180,000 for $144,000 cash. the accumulated depreciation on the equipment was $36,000. the company should recognize a:
The company should recognize a loss of $18000.The loss on the sale of equipment occurs when the cash received from the sale of equipment is less than the book value of the equipment sold.
The book value of equipment sold is the cost of equipment minus accumulated depreciation. In this case, the original cost of the equipment is $180,000, and the accumulated depreciation on the equipment is $36,000. Hence, the book value of the equipment sold is $180,000 – $36,000 = $144,000.The company sold the equipment for $144,000, which is the same as the book value of the equipment sold.
Since the cash received from the sale of equipment is the same as the book value of the equipment sold, there is no gain or loss on the sale of equipment in this case.
If the company had sold the equipment for less than the book value of the equipment sold, it would have recognized a loss on the sale of equipment. In this case, the cash received from the sale of equipment is $144,000, which is less than the original cost of the equipment, $180,000.
Therefore, the company should recognize a loss on the sale of equipment, and the amount of the loss is equal to the difference between the original cost of the equipment and the cash received from the sale of equipment, which is $180,000 – $144,000 = $36,000.
Hence, the company should recognize a loss of $18,000, which is half of $36,000.
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what is the risk-weighted amount of the following $1,000,000 of assets? cash $50,000 (risk-weight 0) treasury securities $100,000 (risk-weight 0) municipal bonds $50,000 (risk-weight .20) residential mortgages with 70% loan-to-value $200,000 (risk-weight 0.20) commercial loans $600,000 (risk-weight 1.00) group of answer choices $700,000 $550,000 $650,000 $1,000,000
The risk-weighted amount of $1,000,000 of assets is )$650,000. Option C.
To calculate the risk-weighted amount of the given assets, we need to multiply the amount of each asset by its corresponding risk-weight and then add up the results. For cash and treasury securities, the risk-weight is 0, which means they do not contribute to the risk-weighted amount. Therefore, we can ignore them for this calculation. For municipal bonds and residential mortgages with 70% loan-to-value, the risk-weight is 0.20, so we need to multiply the amount of each asset by 0.20.
For municipal bonds, the risk-weighted amount would be $50,000 x 0.20 = $10,000. For residential mortgages with 70% loan-to-value, the risk-weighted amount would be $200,000 x 0.20 = $40,000. For commercial loans, the risk-weight is 1.00, so we need to multiply the amount of the asset by 1.00. For commercial loans, the risk-weighted amount would be $600,000 x 1.00 = $600,000. Finally, we can add up the risk-weighted amounts of all the assets to get the total risk-weighted amount: $10,000 + $40,000 + $600,000 = $650,000
Therefore, the answer is C) $650,000.
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What is the first step in checking for arithmetic errors when two column totals are not in balance?.
The first step in checking for arithmetic errors when two column totals are not in balance is to check for simple mistakes, such as transposing digits or misreading numbers.
What is the first step in checking for arithmetic errors when two column totals are not in balance?The first step in checking for arithmetic errors when two column totals are not in balance is to check for simple mistakes, such as transposing digits or misreading numbers. This is because simple mistakes are the most common type of error when doing arithmetic. If the column totals are still not in balance, then more complex mistakes, such as incorrect additions or subtractions, may be the cause.
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Holy macaroni! That's Almost It!
We're done with the four habits of millionaires-to-be.
Do you remember what the habits were? Let's see...
Check the sentences that best describe the "Big Four
Habits."
And you'll see this question again in the test
. You're not quite there yet. Try again.
Virtually all of the 7 million millionaires in the United States
never had to think about tomorrow, since they knew they would be
rich.
were always thinking ahead.
wanted their money to work for them.
wanted to store their money under the bed.
were looking forward to buying a lot of nice toys.
assumed all sellers were telling the truth.
learned how to make smart decisions by doing their homework.
always paid their cell phone first.
always paid themselves first.
Answer:
2,3,7 and the last one
Explanation:
Just had the same question and went back into the lesson to look . THESE TAKE FOREVER HAHA
Seven million millionaires in U.S :
we're always thinking ahead.wanted their money to work for them.learned how to make smart decisions always paid themselves first.Who are millionaires?Millionaires are those individuals who have a net worth that is equal to or are then one million units of currency.
These people include businessmen that have own business and own large amount of shares in other companies. The millionaires networth and financial assets also contribute to the nation's GDP.
Find out more information about the millionaires.
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Find the interest for a three-year CD for $5,000 at an interest rate of 6%, compounded annually.
a. $955.08 b. $5,955.08 c. $5,983.40 d. $983.40
The interest for a three-year CD for $5,000 at an interest rate of 6%, compounded annually is approximately $983.40.
To calculate the interest earned on a CD (Certificate of Deposit) compounded annually, we can use the formula:
Interest = Principal * (1 + (interest rate / 100))^time - Principal
Where:
- Principal is the initial amount deposited ($5,000 in this case).
- Interest rate is the annual interest rate (6% in this case).
- Time is the number of years (3 years in this case).
Calculating the interest:
Interest = $5,000 * (1 + (6 / 100))^3 - $5,000
Interest = $5,000 * (1 + 0.06)^3 - $5,000
Interest = $5,000 * (1.06)^3 - $5,000
Interest = $5,000 * 1.191016 - $5,000
Interest = $5,955.08 - $5,000
Interest = $955.08
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Linda just got approved on an ARM mortgage. What is true?
O Her taxes will be reduced.
O She has a secured loan.
O Her interest will be fixed.
O She cannot make a down payment.
Answer:
\(\fbox {She has a secured loan.}\)
Explanation:
We know from basics that by a mortgage, we understand that we put our asset down as a collateral so we can take a loan and this asset will be under the lender's control until repayment.
An ARM mortgage means that the interest rate can be gradually changed based on performance benchmarks, such as a change in it every 6 months.
Hence, by this, we can understand that the loan is secure.
How do I record on windows computer
Explanation:
Navigate to the screen you wish to record and press Win+G to open Game Bar. Several Game Bar widgets appear on the screen with controls for capturing screenshots, recording video and audio, and broadcasting your screen activity. Click the Start Recording button to capture your screen activity.
Answer:
you'd need to download software for recording. as far as i know windows doesnt have built in recording capabilities. are you looking at screen recording or just sound?
Explanation:
Source: Tommy Stubbington and Ben Edwards, open double quoteU.K. to Repay First World War Bonds,close double quote Wall Street Journal, October 31, 2014. A few years ago the British government was considering retiring, or buying back from investors, some outstanding consols that had annual coupons of pound60. A consol is:
Answer:
Follows are the solution to this question:
Explanation:
Its console shall be coordinated effort mutual funds which do not grow at all, and in every year they create a corrected degree of interest, that's why Its bond paying a fixed rate of the coupon but not maturing.
\(\text{Consolation price} =\frac{\text{Set amount of coupon}}{\text{Return Rate}}\)
\(= \frac{35}{2.5\%} \\\\ = \frac{35\times 100}{2.5} \\\\ = \frac{35\times 1000}{25} \\\\ = \frac{7\times 1000}{5} \\\\ = 7\times 200 \\\\= 1400\)
It's the price that the government needs to offer shareholders.
conscious marketing encompasses all of the following overriding principles except
Conscious marketing is a marketing philosophy that emphasizes promoting and delivering value to customers while considering the impact of business practices on society and the environment.
It encompasses various principles such as authenticity, transparency, customer-centricity, social responsibility, and sustainability. However, there is no definitive list of overriding principles of conscious marketing, and different sources may define it differently.That being said, based on common definitions of conscious marketing, it is possible to identify some key principles that it generally includes. These may include putting the customer first, being transparent and truthful in marketing communication, providing value while respecting ethical and environmental standards, engaging in socially responsible practices, and promoting sustainability.Therefore, the answer to the question is not straightforward, as it is unclear which principles the question is referring to. However, it is safe to say that conscious marketing generally includes the principles mentioned above and may not include those that conflict with these values, such as deceptive or manipulative marketing practices.
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true or false: if close substitutes are available for a particular good, then the demand for that good will be less elastic than if only distant substitutes are available.
False. In the presence of near substitutes, demand is more elastic.
Do more replacements make the elastic stronger?According to the concept of an elastic good, which is one where a change in price results in a significant change in demand, the more alternatives there are for an item, the more elastic the good will be.
Alternatives — more or less elastic?The availability of alternatives raises the elastic factor, which basically means that the more alternatives there are, the more possibilities there are, and as a result, the more options there are, the higher the elastic factor.
How are replacement products related to demand elasticity?Demand for a good increases when the price of its substitute increases, hence the cross elasticity of demand for substitute goods is always positive. A negative cross-elasticity characterizes the desire for complementary goods, in contrast.
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Property received through a contribution is to be recognized at its fair market value and offset with a credit entry to a: Additional Paid-in Capital account. Contribution Revenue account. Miscellaneous Gain account. Paid-in Capital account.
Answer:
additional paid in capital accound
What incentive motivates a manufacturer to sell a product?.
Answer:
Profit is a major incentive to motivate a manufacturer to devote resources to the fabrication of a product so that it can be sold. Making sales and profits defines the bottom line and is the objective of most entities in the manufacturing industry.
An increase in Profit or sale of the product can motivate a manufacturer to sell a product.
A manufacturer is a person who creates products with the intention of selling them in the market and the company who makes the products that is called a manufacturing company. A manufacturer's primary motivation is to earn profit from his product when it is sold.
Profit is an important incentive that leads manufacturers to carry the risks of business failure, and Low prices are an incentive for buyers to pay their money now. Higher prices are an incentive for sellers to increase production to create more goods.
Thus, the incentive is an increase in Profit or sales to motivates a manufacturer.
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in his article, dennis gioia calls what fundamental assumption into question?that people recognize moral dilemmas when confronted with onethat corporations do not care about safetythat people will fight for what they believe is right
Companies don't care about safety, people will fight for their ideals, and when moral dilemmas present themselves, people can recognise them.
What one of the following is a basic accounting premise?The production of financial statements on a "going concern" basis, where the company is anticipated to continue operating for the foreseeable future, is one of the fundamental accounting assumptions.
What is a research's fundamental premise?The most fundamental premise in research is that everything in our universe operates according to a particular system. So finding the system thought to exist is the task of a researcher. The operation of that system can be predicted beforehand using theory or logical common sense. This forecast is referred to as a research hypothesis.To know more about fundamental assumption visit:
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What is good government??
Answer:
Al-Rodhan's eight minimum criteria are: 1) participation, equity, and inclusiveness, 2) rule of law, 3) separation of powers, 4) free, independent, and responsible media, 5) government legitimacy, 6) accountability, 7) transparency, and 8) limiting the distorting effect of money in politics.
Explanation:
hope this helps!:)
2008 1 Mar Started business with $1,000 cash.
credit or debit
Answer:
The cash a/c is debited as it is an asset for the business and the capital a/c is credited as it is a liability for the business according to the business entity concept.
is business bank account an asset?
Answer:
But what is a business bank account? A business bank is an asset. An asset is anything that makes your business money, whereas a liability is anything that costs your business money.
Hoped this helped plz mark brainly i really need it thx:)
Suppose that the demand for platinum is given by Q = 80 - 0.5P,where Q is in grams of platinum per day and P is the price per ton. Platinum is produced by a monopolist at a constant marginal and average total cost of $500 per gram. a. Derive the inverse demand and marginal revenue curves faced by the monopolist. b. What is the profit-maximising level of output? c. What is the profit-maximising price? d. What is the profit maximising price if demand increased to Q = 95 – 0.5P?
So, the profit-maximizing price is given by P = 2wM^2 - cM - cN - 90. The inverse demand curve is therefore Q = 1/(80 - 0.5P). Therefore, the marginal revenue curve is given by MP = -M - 0.5N - cM - cN/Q.
To derive the inverse demand curve, we can rearrange the demand equation as follows:
Q = 80 - 0.5P
Multiplying both sides by -1, we get:
P = 80 - 0.5Q
Taking the inverse of both sides, we get:
Q = 1/P = 1/(80 - 0.5P)
The inverse demand curve is therefore Q = 1/(80 - 0.5P).
To derive the marginal revenue curve, we can substitute the production function into the profit equation:
Profit = wM - wN - cM - cN
where wM and wN are the wages paid to workers in the platinum and nickel industries, respectively, and cM and cN are the constant costs of producing one gram of platinum and one ton of nickel, respectively. Substituting the production function, we get:
Profit = wM - 0.5MQ - wN - 0.5NQ - cM - cN
Dividing both sides by Q, we get:
MP = wM - 0.5M - wN - 0.5N - cM - cN/Q
Taking the first derivative of both sides with respect to Q, we get:
dMP/Q = -M - 0.5N - cM - cN
Taking the second derivative of both sides with respect to Q, we get:
d^2MP/Q^2 = -M - 0.5N - cM - cN
Therefore, the marginal revenue curve is given by MP = -M - 0.5N - cM - cN/Q.
To find the profit-maximizing level of output, we set the marginal revenue equal to the marginal cost and solve for Q:
MP = MC
0.5N - cN = 0.5(80 - 0.5Q) - cM - cN
cN = 0.5Q - 80 + 2cM
Q = 160 - 2cM
To find the profit-maximizing price, we set the profit equal to zero and solve for P:
Profit = wM - wN - cM - cN = 0
wM - 0.5M - cM = 0
cM = wM/0.5
cM = 2wM
Substituting this value of cM into the profit equation, we get:
Profit = wM - 0.5M - 2wM - cN = 0
wN = -2wM - cN
Substituting this value of wN into the profit equation, we get:
Profit = 2wM^2 - 2wM(cN + 0.5N) - cM - cN - 2wM - cN
Profit = -2wM^2 - cM - cN
Therefore, the profit-maximizing price is given by P = 2wM^2 - cM - cN.
To find the profit maximizing price if demand increased to Q = 95 - 0.5P, we can substitute this new demand into the profit equation:
Profit = wM - wN - cM - cN
95 - 0.5P - wM - 0.5N - cM - cN
Profit = wM - wN - cM - cN - (95 - 0.5P)
Profit = wM - wN - cM - cN - (95 - 0.5P)
Profit = wM - wN - cM - cN - 90
Profit = 2wM^2 - 2wM(cM + 0.5N) - cM - cN - 90
Profit = -2wM^2 - cM - cN - 90
Therefore, the profit-maximizing price is given by P = 2wM^2 - cM - cN - 90.
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what is the value of ln(-1)
Emilee is the head of a large veterinary hospital. She takes care of many duties to keep the hospital up and running. That is why Emilee has put Alonzo in charge of Human Resources. What types of duties might Alonzo have in this position? Does allowing Alonzo to handle things like hiring new vet techs or filing the employee health insurance forms mean that Emilee does not care about the hospital? Explain how Alonzo’s position benefits Emilee in her job.
Answer:
The Human Resources (or ‘HR’) Management pathway focuses on the staff of a company. They work on planning, recruiting, hiring, training, safety, and overall employee development
Emilee have to worry about doing anything reltaed to that because she hired alonzo
The company's employees are the main focus of the Human Resources Management pathway. They are engaged in planning, hiring, training, ensuring staff safety, and general employee development. Because Emilee employed Alonzo, she must worry about taking any action related to that.
What is Human Resources Management?The effective and efficient administration of people inside a company or organization in such a way as to give their firm a competitive advantage is known as human resource management. It is made to maximize worker performance in support of a company's strategic goals.
The practice of recruiting, hiring, assigning, and managing personnel is known as human resource management (HRM). Frequently, HRM is referred to as just "human resources" (HR).
Payroll processing, job description authoring, workplace policy creation, and benefit procurement are all common tasks in HR administration.
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My question got removed but can someone please help me with what the PESTEL anylasis for covergirl is. Please only real answers no links:)
Answer:
through this PESTLE Analysis for L’Oreal, the cosmetics and skincare giant, you now have an idea of where the brand currently stands in terms of business.
A brand as prestigious as L’Oreal, with such a rich history behind it, truly is inspiring especially because they managed to lead the market for over 100 years. It really boggles your mind to think they’ve made a century.
The brand although in no way is under even the slightest suspicion of extinction, they still have to work on correcting a few wrongs, the most important of which is completely eliminating animal testing. That will never be brushed under the rug. They also need to be very cautious of the contributing people in their supply chain so as to eliminate all sorts of slavery. They should develop a concrete policy on their use of toxins as well.
You will never be able to view a company in a full 360-degree perspective until you focus on understanding the various macro-economic factors that affect it. These factors play a very big role in shaping up the company’s overall performance. A PEST Analysis will help you not only in the identification but a thorough explanation of all of these factors
PESTLE is simply an acronym for political, economic, socio-cultural, technological, legal, and environmental analysis, which helps one in understanding where a company stands in depth.
You are more than welcome to visit our website if you wish to teach yourself how to work on a PEST analysis. We have all the detail you would need for comprehending the entire process. In fact, for those of you who wish to put their knowledge to practice, we even have the perfect PESTLE Analysis template for you to make things faster.
In the video’s amortization example, the borrower makes a $711 payment, where $375 goes toward paying interest and $336 goes toward paying the principal. Should the borrower be worried that they’ll never pay off the mortgage? why or why not?.
Based on the amortization example where the borrower makes a payment that goes to paying interest and to paying the principal, the borrowed should not be worried about never paying off the mortgage because they eventually will.
How does amortization work?When a loan payment is amortized, it means that it will be paid for over a period of time. In that period of time, the person paying the loan will pay back the value of the loan over a specified period of time by paying for both the interest on the loan, and the actual loan principal.
The payment that they person will make will often be fixed and will be divided into two things. The first is the interest payment and the second would be the principal repayment.
At first, the interest payment will be more than the principal repayment because the interest is based on the unpaid balance. As the borrowed pays more and more principal on the mortgage, they will then pay less interest as the unpaid balance falls.
The unpaid balance will keep falling until the mortgage will be fully paid off.
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Christopher just received his checking account statement from his bank. He has a NOW account with free checking that pays 0.75% APR on the balance and requires a $500 minimum balance. His statement shows that he currently has a balance of $3,950. In looking at his statement he notices that his car payment check for $400 is still outstanding, and that his recently received payroll deposit of $3,600 had not posted at the time the statement was created. His normal living expenses average $1,500 per month including his car payment. Other than his car loan, he rarely writes any checks as he prefers to use his debit card and ATM card for day-to-day living expenses. He pays his credit card balance in full every month. Other than his checking account he does not own any investments. He has always dreamed of owning a house, and would like to buy one within the next five years. He has access to a 401(k) pension plan at work where his employer will match contributions up to 6% of his salary. He currently contributes 2% of his salary to this plan.Christopher would like to have $20,000 for a house down payment seven years from now. How much money would he need to save every quarter in an investment that pays 9% APR compounded quarterly?
Answer:
Christopher
He will need to contribute $661.51 every quarter for seven years.
Explanation:
a) Data and Calculations:
To save up to $20,000 for a house down payment seven years from now, Christopher needs to save every quarter:
Results
PMT = $661.51
N (# of periods) = 28
I/Y (Interest per year) = 2.25
PV (Present Value) = 0
FV (Future Value) = $20,000
P/Y (# of periods per year) = 4
C/Y (# of times interest compound per year) = 4
PMT made at the of each quarter
Sum of all periodic savings = $18,522.41
Total Interest = $1,477.59
a firm reported working capital of $5.5 million and fixed assets of $20 million. its fixed asset turnover was 1.2 times. what was the firm's sales to working capital ratio?
The Firm sales to working capital ratio are 4.36 times. Working capital turnover assesses a company's ability to generate sales for every dollar of working capital invested.
What are the sales to the working capital ratio?An efficiency ratio is the sales to total capital, also known as the capital turnover ratio or the sales to working capital ratio. The sales to capital ratio indicate how effectively a company can convert one dollar of investment into one dollar of revenue.
Given
Working capital = $5.5 million
Fixed Assets = $20 million
Fixed Assets Ratio = 1.2 times
Required to Calculate sales to working capital ratio =?
Working Capital Ratio = Net Sales / Working Capital
Net Sale = Fixed Assets Ratio x Fixed Assets
= 1.2 x 20 = $24 million
Sales to Working Capital Ratio = Net Sales / Working Capital
= 24 / 5.5 = 4.36 times
Thus, the Sales to working capital ratio is 4.36 times.
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identify what accounting is by selecting the correct statement. multiple choice question. accounting information is primarily used only at the end of a year when tax returns and financial statements are prepared. accounting is a system that identifies, records and communicates financial information. accounting information impacts internal users only.
The best alternative that accurately conveys the significance of accounting is "Accounting is a system that identifies, records, and transmits financial information."
The best way to define accounting is as the process of keeping financial records in accordance with the laws. Accounting is used to evaluate the figures and facts that are relevant to the organisation and to portray its financial position. Its breadth has grown in almost every commercial company. Accountants' labour is the foundation of today's financial markets. Business executives would lack the transparency they require to manage risks or plan initiatives without accounting, and investors would be unable to rely on up-to-date, accurate financial data.
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what provides suggested exposure techniques based upon body part? aec technique chart exposure technique chart apr
Aec technique provides suggested exposure techniques based upon body part
What is the AEC technique?An exposure technique chart or AEC (Automatic Exposure Control) technique chart provides suggested exposure techniques based upon body part.
These charts are typically used in medical imaging, such as radiography or X-ray imaging, to determine the appropriate radiation exposure settings for a particular patient and body part. The chart lists recommended settings for technical factors such as kVp, mA, and exposure time, based on the patient's size and the body part being imaged.
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Cash received prior to delivering a product or performing a service is called a(n) a.unearned asset. b.unearned revenue. c.unearned expense. d.unearned contra-asset.
The correct answer is b. unearned revenue.
Unearned revenue, also known as deferred revenue or advance payments, refers to the cash a company receives from its customers for goods or services that it has not yet delivered or performed. Unearned revenue is considered a liability on the company's balance sheet until the work is completed or the product is delivered, at which point it becomes revenue that can be recognized on the income statement.
Unearned revenue is commonly found in industries such as software and subscription-based services, where customers pay upfront for future access to products or services. It's essential for companies to properly account for unearned revenue to avoid overstating their revenue and profits in a given period.
When a company receives unearned revenue, it records it as a liability on its balance sheet and recognizes it as revenue on the income statement when the associated goods or services are provided. The amount of unearned revenue decreases over time as the company fulfills its obligations to its customers.
In summary, unearned revenue represents cash received by a company before it delivers a product or service to its customers, making it a liability on the company's balance sheet until the related revenue is recognized on the income statement.
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which of the following actions would be likely to shorten the cash conversion cycle? a. begin to take cash discounts on inventory purchases; the terms are 2/10 net 30. b. adopt a new manufacturing process that saves some labor costs but slows down the conversion of raw materials to finished goods from 10 days to 20 days.
The option a. Taking cash discounts on inventory purchases (2/10 net 30) would be likely to shorten the cash conversion cycle.
The cash conversion cycle (CCC) measures the length of time it takes for a company to convert its investments in inventory and other resources into cash. A shorter CCC is generally desirable because it means that a company is able to generate cash more quickly and efficiently.
Taking cash discounts on inventory purchases (2/10 net 30) can shorten the CCC by allowing the company to pay its suppliers more quickly and receive payment from its customers more slowly.
The terms 2/10 net 30 mean that the company will receive a 2% discount if it pays its bills within 10 days, otherwise it must pay the full amount within 30 days. By taking advantage of the discount, the company can reduce the amount of time it takes to pay its suppliers and thus reduce its CCC.
Hence , correct option is A.Taking cash discounts on inventory purchases (2/10 net 30)
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Pqs reported equipment tk. 50,000 and tk. 35,000 respectively as on december 31, 2020, and december 31, 2019. the corresponding accumulated depreciation was tk. 12,000 and tk. 8,000. during 2020, pqs sold a piece of equipment for tk. 5,000 (associated accumulated depreciation was tk. 3,000) resulting in a loss of tk. 2,000. determine the following amounts for 2020. (a) depreciation expense. (b) equipment purchase.
The following amounts (Depreciation Expense and Equipment Purchase) for 2020 reported by Pqs are:
a) Depreciation Expense for the year is tk. 7,000.
b) Equipment Purchase for the year is tk. 25,000.
How is the depreciation Expense determined?The depreciation expense is the difference between the current year's accumulated depreciation and last year's accumulated depreciation.
The above holds when there is no disposal. However, with disposal, the value of the accumulated depreciation for the sold item should be factored into the computation.
Data and Calculations:December 31, 2020 December 31, 2019
Equipment tk. 50,000 tk. 35,000
Accumulated Depreciation tk. 12,000 tk. 8,000
Sale of equipment during 2020 = tk. 5,000
Accumulated Depreciation of sold equipment = tk. 3,000
Loss from the sale of the equipment = tk. 2,000
Cost of equipment = tk. 10,000 (5,000 + 3,000 + 2,000)
Increase in Accumulated Depreciation (Depreciation Expense) = tk. 7,000 (12,000 - 8,000 + 3,000)
Equipment purchase = tk. 25,000 (50,000 - 35,000 + 10,000)
Thus, the Depreciation Expense for the year is tk. 7,000 while the Equipment Purchase for the year is tk. 25,000.
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this is for ap-ex learning
_____ is important because it helps you create a plan to complete all tasks.
A. A long-term goal
B. Prioritization
C. A short-term goal
D. An instant goal
Answer:
B. Prioritization
Explanation:
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