Differential revenue is $262,500.
Special order quantity = 15,000 units
The special order price per unit is $17.50.
Differential revenue from acceptance of the offer = Special order size x Special order selling price per unit
Differential revenue from acceptance of the offer = 15,000 x 17.50
Differential revenue from acceptance of the offer = $262,500
Hence, answer a) is correct.
The difference in sales generated by two different courses of action is referred to as differential revenue. The concept is commonly used when deciding between two (or more) business investments.
For example, a manager is debating whether to invest in a new product line that will result in $1,000,000 in new sales or to increase marketing for an existing product line that will result in $700,000 in new sales. The revenue difference between the two options is $300,000.
The fallacy of using the differential revenue concept is that it ignores the differential profit or cash flows generated by the various decisions. Profits and cash flows are far more important than revenue because they contribute to a company's financial health.
To learn more about differential revenue, please refer:
https://brainly.com/question/28558536
#SPJ4
Pardo Company produces a single product and has capacity to produce 120,000 units per month. Costs to produce its current monthly sales of 80,000 units follow. The normal selling price of the product is $100 per unit. A new customer offers to purchase 20,000 units for $75 per unit. If the special offer is accepted, there will be no additional fixed overhead and no additional fixed general and administrative costs. The special offer would not affect its normal sales. Direct materials Direct labor Variable overhead Fixed overhead Fixed general and administrative Totals Per Unit $ 12.50 29.00 10.00 17.50 13.00 Costs at 80,000 Units $ 1,000,000 2,320,000 800,000 1,400,000 1,040,000 $ 6,560,000 $ 82.00 (a) Compute the income from the special offer. (b) Should the company accept the special offer? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required A Required B Compute the income for the special offer. (Round your "Per Unit" answers to 2 decimal places.) SPECIAL OFFER ANALYSIS Per Unit Total Variable costs Contribution margin Fixed costs Fixed overhead Fixed general and administrative Income Compute the SPECIAL OFFER ANALYSIS Per Unit mm Direct labor Direct materials Fixed general and administrative Fixed overhead Fixed general and administrative Income Direct materials Fixed general and administrative Fixed overhead Sales Variable overhead (b) Should the company accept the special offer? Complete this question by entering your answers in the tabs below. Required A Required B Should the company accept the special offer? Should the company accept the special offer?
The net income is Net income $23.50, $470,000.
What is fixed variable cost?Since they fluctuate with production costs, direct labor expenses are always variable costs. The costs associated with paying the salaries of your direct production employees are referred to as direct labor costs. Both types of expenses involved in manufacturing, direct costs & variable costs, are identical in character. While variable costs change according on the volume of industrial output, direct expenses are those that may be directly linked to a product.
a).
Special offer Per unit Total
Sales revenue (20,000 × $75) $75 $1,500,000
Variable costs:
Direct material $12.50 $250,000
Direct labor $29.00 $580,000
Variable overhead $10.00 $200,000
Contribution margin $23.50 $470,000
Fixed Costs:
Fixed overhead $0.00 $0.00
Fixed general & Administration cost $0.00 $0.00
Net income $23.50 $470,000
b). Company should accept the special order
To know more about fixed variable cost, visit:
https://brainly.com/question/14872023
#SPJ4
gordon chemicals company acquires a delivery truck at a cost of $31,000 on january 1, 2022. the truck is expected to have a salvage value of $4,000 at the end of its 4-year useful life. assuming the declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for the first and second years under the declining-balance method. first year second year annual depreciation under declining-balance method $
Under the declining-balance technique, the annual depreciation for years 1 and 2 is 15,500 and 7,750, respectively.
annual depreciationAnnual depreciation is the normal yearly rate at which a fixed asset is depreciated. If the straight-line approach is utilized, this rate remains constant from year to year. If an accelerated approach is utilized, yearly depreciation will peak early and then fall later. Depreciation is an accounting method for distributing a tangible or physical asset's cost over its useful life or life expectancy. Depreciation measures how much of an asset's value has been depleted. Depreciating assets allows businesses to generate income while expensing a portion of the asset's cost each year it is in use.
To know more about depreciation visit the link
https://brainly.com/question/1553943
#SPJ4
a manager for the golden bear publishing company found out that you are taking quality management. the manager desires to improve her supply chain performance by employing you as a consultant to provide quality improvement training to the supply chain employees. as a result, you now have to create a survey instrument to gauge the effectiveness of your training sessions. choose four dimensions relative to your quality management training and develop five valid survey items for each dimension. defend why you feel your survey items are valid. For your performance dimensions above, develop 5 critical incident survey items for each dimension. Explain how you would demonstrate that these items are reliable
The students take part in case of competitions as part of the Strategic Sourcing courses (SCM 4350 and SCM 4351), where they get to examine actual firm data and then submit procurement plans.
Credit 3 for strategic supply management (3-0). The prerequisites are junior standing, SCM 4351, concurrent enrollment in SCM 4350, or credit for it. Aspects of the strategic supply management process that focus on how strategic supply chain management effectively enables early supplier involvement include negotiation, supply contracts, supply management performance, and e-procurement. the competitive advantage SCM 4351, Cr. 3: Strategic Sourcing and Spend Analysis (3-0). Junior standing and SCM 4350 are prerequisites. Seven-step strategic sourcing process. Some of the topics discussed are spent analysis, supplier rationalization, leveraged spending, maverick spending, spend leakage, cost analytical models, and Kraljic's portfolio matrix. e-procurement, supply agreements, early supplier involvement, bargaining, supply outsourcing, and the efficiency of supply management.
learn more about "Supply Chain Management" here https://brainly.com/question/29241738
#SPJ4
using the following links, determine which locations offer the automotive technology a.a.s. degree courses. A. Annandale and Loudoun Campuses | B. Alexandria and Annandale Campuses | C. Alexandria and Manassas Campuses |D. Woodbridge Campus and NOVA Online
C. Alexandria and Manassas Campuses offer the automotive technology a.a.s. degree courses.
The Northern Virginia Community College, Alexandria Campus is honored to carry on an education that is committed to the ideals of access, opportunity, and excellence while focusing on student achievement after more than 50 years of educating community, corporate, and government leaders.
Our goal to provide top-notch traditional and online post-secondary teaching, learning, and career development in order to guarantee that our neighborhood, region, and the Commonwealth of Virginia have an educated populace on a national and international level enhances this.
The Alexandria Campus includes more than 14,000 students and provides 13 global languages, a busy Honors program, a program for English as a Second Language, a program for motorcycle training through Workforce Development, and much more.
To know more about Alexandria:
https://brainly.com/question/1439978
#SPJ4
leasing is often referred to as off-balance-sheet financing because the assets and capital needed to acquire fixed assets do not always show up on the balance sheet. according to financial accounting standards board (fasb) statement no. 13, which of the following statements is true about leases that must be capitalized? leased assets should be reported as fixed assets on the balance sheet. the present value of all future lease payments should be reported as assets on the balance sheet.
Operating leases and partnerships are typical examples of off-balance-sheet financing. Although accounting regulations have been strengthened to limit their usage, operating leases have been commonly used.
An off balance sheet operational lease is what?When the lessor keeps the leased asset on its balance sheet, the lease is known as an OBS operational lease.
What does leasing mean?a contract in which a person, business, etc. pays to use property, a vehicle, etc. for a specific amount of time: For people who want a new car every two to three years, leasing may still be a wise financial decision.
How are financing leases handled by lessees in their balance sheets?Due to their interest as a possible owner of the asset and their needed payment, the lessee records the lease as both an asset and a liability on the balance sheet. On the income and cash flow statements, they also list individual lease payments as expenses.
To Know more about sheet financing.
https://brainly.com/question/6659408
#SPJ4
forms of direct marketing includes . group of answer choices personal selling catalog marketing all of the answers given here are forms of direct marketing. direct mail marketing
forms of direct marketing include. online marketing, social media marketing, and mobile marketing
Direct marketing is a style of advertising that involves communicating with your target market directly to offer information about your business, product, or service.
Any form of marketing that communicates or distributes with consumers directly, as opposed to indirectly through a third party like the media, is considered direct marketing. Campaigns can be sent using mail, email, social media, and texting, among other distribution methods.
Direct marketing has two key characteristics. First, it makes an effort to convey communications to clients directly (through direct mail, email, or telephone), usually in an unsolicited manner. Second, it seeks to elicit an immediate response from the audience (it attempts to make the customer act).
Learn more about direct marketing here:
https://brainly.com/question/14008832
#SPJ4
T/F based on the table, which of the following describes the balance in the current account and in the capital and financial account?
Based on the table the following describes the balance in that the current account is in deficit and the capital and financial account is in surplus. Its because the table gives the values of selected accounts in a nation's balance of payments in millions of dollars.
Explanation:
Surplus funds can be meant as the excess of some other recognized assets and cash that are equivalent in the natural course or expected to be resolved into cash of events and with a reasonable certainty, over the necessary and liabilities reserves at the same date.
Deficit can be meant as a situation that occurs when a government or an organization sphere experiences expenditure that is greater than its income. Deficit is a problem that is commonly experienced by many countries, especially developing countries.
The question isn't complete. The complete question is shown below:
The table gives the values of selected accounts in a nation's balance of payments in millions of dollars. Based on the table, which of the following describes the balance in the current account and in the capital and financial account?
Learn more about surplus and deficit in the link https://brainly.com/question/14300572
#SPJ4
to be well-capitalized, a bank must have a leverage ratio of at least percent, tier i capital to credit risk-adjusted asset ratio of at least percent, and a total risk-based capital ratio of at least percent.
To be well-capitalized, a bank must have a leverage ratio of at least 5 percent, Tier I capital to credit risk-adjusted asset ratio of at least 8 percent, and a total risk-based capital ratio of at least 10 percent.
A factory and its equipment, intellectual property such patents, or even the financial assets of the company or a person are all specific examples that provide benefit to their owners and fall within the broad definition of capital.
While money in and of itself could be considered capital, the term is more frequently used to refer to money that is being used for investments or productive purposes. For generally, capital is the most important component of managing a firm day-to-day and funding its expansion in the future. Business capital may arise from the performance of the organization or to be raised through debt and equity financing finance.
Learn more about capital here:
https://brainly.com/question/14226166
#SPJ4
Paul listens to music on his iPod and iPhone, but he still buys vinyl records at his local music store on occasion, although they're getting harder to find. Vinyl records are in the __________ stage of the product life cycle.A. evaluationB. growthC. declineD. maturity
Vinyl records are in the decline stage of the product life cycle. The correct answer would be option C.
A decline is a fall or drop, and the decline stage of the product life cycle reflects behaviour that is similar for products. When a product disintegrates as a result of slowing down or experiencing negative growth, it enters the decline stage of its life cycle.
The strength for the product's success up to this point came from the introduction and growth stages, and with most items, the fall stage is brought on by reduced demand, which ultimately arises from new inventions and technological breakthroughs. The company's profitability will drop until it becomes uneconomical to manufacture and sell the product, at which point manufacturing will stop.
To read about product life cycle refer:
https://brainly.com/question/14567370
#SPJ4
Which of these is the process of planning and implementing actions that will lead to success in competition?
Strategy is the process of planning and implementing actions that will lead to success in competition.
Planning and implementing actions can be a challenge, but it is important to consider all of the factors involved in order to be successful. It is important to consider the resources needed, the timeline, and the objectives.
It is also important to involve key stakeholders in the planning process to ensure that everyone is on the same page. Once a plan is in place, it is important to monitor progress and make adjustments as needed. In our competitive world, it's easy to get caught up in the comparison game. We compare our accomplishments to others', our looks to others', our intelligence to others', and so on.
To know more about planning, click here.
https://brainly.com/question/18266486
#SPJ4
d,michelle realized a $1,200 loss when she sold one of her food trucks to her father, a related party.
D) "0"(zero), that she can deduct as an ordinary and necessary business deduction. Michelle realized a $1,200 loss when she sold one of her food trucks to her father.
A big motorized vehicle or trailer that is outfitted to cook, prepare, serve, and/or sell food is called a food trucks. Others have on-board kitchens and prepare meals, while some, like ice cream trucks, sell frozen or premade food. A successful food truck can earn between $23,000 and over $100,000 annually, according to industry statistics. Location, marketing tactics, menu options, and more all have an impact on this range. A food truck is a terrific business venture if you're looking for a way to make money. With initial expenditures of about $40,000, successful food trucks can earn more than $500,000 annually. It typically takes three to twelve months to launch a food truck, and there are nine steps to take: Look into the laws and regulations governing your neighborhood's food trucks.
d,michelle realized a $1,200 loss when she sold one of her food trucks to her father, a related party?
Learn more about food trucks here:
https://brainly.com/question/13847782
#SPJ4
importance of foreign direct investment in developing countries pdf
As investors establish new businesses abroad, FDI expands employment prospects. Locals may earn more money and have more purchasing power as a result, which will help the targeted economies grow more broadly.
Why is foreign direct investment is important?An investor from one nation may make a direct investment in a company headquartered in another nation. Under FDI, the foreign investor—whether an individual or a business—owns 10% of the company receiving the investment. The International Monetary Fund (IMF) defines it as a portion of the investor's stock portfolio if the investor holds less than 10%.
For developing nations and rising markets where businesses require capital and knowledge to increase their international sales, foreign direct investment is crucial. A key economic engine is private investment in energy, water, and infrastructure since it boosts employment and incomes.
To know more about foreign direct investment, refer:
https://brainly.com/question/3924204
#SPJ4
tehe adjusted trial balance for wayne company at the end of the current year contained the following accounts
The total long-term liabilities reported on the balance sheet is $3355000 based on adjusted trial balance for wayne company at the end of the current year.
the The total long-term liabilities can be calculated as:
Total long term liabilities = Bond payable + Premium on bond payable +
note payable (5 yrs.) + Long term Mortgage
payable
= $2900000 + 102000 + 165000 + (201000
-13000)
= $3355000
the complete question is:
The adjusted trial balance for wayne Company at the end of the current year, contained the following accounts.
5-year Bonds Payable 9% is $2900000
Interest Payable is 51000
Premium on Bonds Payable is 102000
Notes Payable (3 months.) is 40000
Notes Payable (5 yr.) is 165000
Mortgage Payable ($13000 due currently) is 201000
Salaries and wages Payable is 16000
Income Taxes Payable (due 3/15 of 2022) is 23000
The total long-term liabilities reported on the balance sheet are
a) $3368000.
b) $3266000.
c) $3355000.
d) $3253000.
learn more about long-term liabilities here
https://brainly.com/question/17212352
#SPJ4
If we impose trade restrictions to protect the owners of scarce factors of production, the economy as a whole would Blank 1Blank 1 expand , Incorrect Unavailable (shrink/expand).
If we impose change restrictions to guard the proprietors of scarce factors of production, the financial system as an entire will shrink.
In advertising, a product is an item, system, or provider made available for consumer use in line with patron call for; it's miles anything that can be furnished to a market to fulfill the selection or need of a customer.
A product is an item furnished on the market. A product may be a provider or an item. it may be bodily or digital or cyber shape. each product is made at a cost and each is offered at a charge. The price that may be charged depends to be had on the market, the fine, the advertising, and the segment this is focused.
There are four styles of products and each is classed based totally totally on consumer behavior, charge, and product characteristics: comfort items, buying objects, place of information products, and unsought items
Learn more about the product here:-https://brainly.com/question/25922327
#SPJ4
to apply expenses of more than one vehicle to a single business: deduct the expenses using the same method for both. combine the mileage of all vehicles into one entry when using the standard mileage method. make a separate entry for each vehicle. use only the actual expense method.
To follow prices of a couple of car to a unmarried commercial enterprise use make a separate access for every car.
The required details for expenses in given paragraph
An rate is the fee of operations that a corporation incurs to generate revenue. It is truly described because the fee one is needed to spend on acquiring something. As the famous pronouncing goes, “it expenses cash to make cash.” Common prices encompass bills to suppliers, worker wages, manufacturing unit leases, and equipment depreciation. Businesses are allowed to put in writing off tax-deductible prices on their earnings tax returns to decrease their taxable earnings and as a result their tax liability; however, the Internal Revenue Service (IRS) has strict regulations on which prices corporations are allowed to assert as a deduction.
An rate is the fee of operations that a corporation incurs to generate revenue.
To know about expenses click here
https://brainly.com/question/14697297
#SPJ4
punitive damages may be recovered in a case of discrimination against a private employer if the employer acted with malice or reckless indifference.
If the respondent "engaged in discriminatory conduct or practices with malice or with reckless disregard to the rights of an aggrieved person that are protected by federal law," the complaining party may be entitled to punitive damages. True. Option A
What are punitive damages?Generally, If the defendant "engaged in discriminatory conduct or discriminatory practices with malice or with reckless disregard to the federally protected rights of an aggrieved person," then the complaining party is eligible to obtain punitive damages.
Damages that are awarded in order to punish the defendant for outrageous behavior and/or to reform or deter the defendant and others from engaging in conduct similar to that which formed the basis of the lawsuit are known as punitive damages or exemplary damages. These damages can also be referred to simply as punitive damages.
Damages for Punishment: Damages for Punishment are granted as a punishment to prevent an egregious, unconstitutional, or irresponsible breach of duty.
These types of breaches of duty are known as "punitive." These types of damages are also referred to as aggravated damages, exemplary damages, and spiteful damages.
Read more about punitive damages
https://brainly.com/question/14265086
#SPJ1
T/F
Punitive damages may be recovered in a case of discrimination against a private employer if the employer acted with malice or reckless indifference.
What is maximum pricing in economics
A maximum pricing in economics can be defined as the lowest price that can legally be set, e.g., minimum price for alcohol, minimum wage.
Explain in detail.
A maximum price is a legally-imposed limit on the cost of goods or services in a market. It is intended to prevent the market price from rising above a certain level, as suppliers are not allowed to exceed the maximum price. For the maximum price to be effective, it must be set below the free market price. This ensures that the market price is kept below the maximum price, and that suppliers are not able to charge more than the maximum price.It also occurs when the government sets a legal limit on the price of a good or service – with the aim of reducing prices below the market.To know more about Maximum pricing from the given link
https://brainly.com/question/14769443
#SPJ1
refers to the average percentage of business received from a company's accounts in a particular category. is the meaning of?
It can be concluded to state that the turnover refers to the average percentage of business received from a company's accounts in a particular category. The statement given above is the meaning of a turnover.
The turnover of a company or an organization can be referred to or considered as the total revenues generated by a firm during the regular course of its business operations with a view to earn the desired returns out of this activity. It is always denoted in terms of percentage if it relates to a particular category.
Learn more about turnover here:
https://brainly.com/question/29214829
#SPJ4
Stephenson, a corporate executive, earns a salary of $500,000 per year. In addition, he owns a separate business in which he participates. The business produces a loss of $75,000 during the year. If Stephenson materially participates in the business, the $75,000 loss is an active loss that may offset his active income from his corporate employer. If he does not materially participate, the loss is passive and is suspended. Stephenson may use the suspended loss in the future only when he has passive income or disposes of the activity.
TRUE, the required answer for the given question is passive income is, true.
What is passive income?Earnings from a rental home, limited partners, or other business in which a person is not intimately engaged are considered passive income. Passive income is often taxed, just like active income, although the Revenue Service frequently treats it differently (IRS).
The IRS defines passive income, when employed as a technical phrase, as "net rental income" or "revenue from a company in which the taxpayer doesn't really materially engage," and in some situations, self-charged interest may also be considered passive income. A taxpayer is permitted to deduct a passive loss from passive activity revenue.
To know more about Passive income, visit:
https://brainly.com/question/1246309
#SPJ1
Which of the following events may increase the marginal product of labor?a) A decrease in the wage rate.b) Good weather causes an increase in supply and a fall in price for one of the inputs used to make the good.c) A technological improvement that is substitutable for the labor in this market.d) A technological improvement that is complementary for this type of labor.
The events may increase the marginal product of labor are :
A technological improvement that is complementary for this type of laborGood weather causes an increase in supply and a fall in price for one of the inputs used to make the good.Option B and D is correct.
What is the marginal product of labor?The marginal product of labor (or MPL) is the total output of a firm when additional units of labor (most often additional workers) are added and all other factors of production remain constant. refers to an increase.
What is the marginal product of labor and why is it declining?The law of diminishing marginal returns states that gaining an advantage in a factor of production usually leads to a decline in marginal productivity as output increases. This usually means that the cost advantage diminishes with each additional power unit produced.
Learn more about marginal product:
brainly.com/question/14867207
#SPJ1
Which of the following payment terms provides the supplier with the greatest degree of protection?a. letters of credit.b. consignment.c. prepayment.d. drafts (sight/time).
The highest level of protection for the supplier is provided by prepayment payment terms.
A payment is the voluntarily made exchange of money, its equivalent, or other valuables by one party (such as an individual or business) for another's goods, services, or to satisfy a legal obligation. Payer is a common term used to describe the party making the payment.
Although most laws typically require the payer to accept the country's legal tender up to a prescribed limit, payees are generally free to choose the method of payment they will accept. Except as otherwise agreed by the parties, payments are typically made in the payee's local currency. Payment in a different currency necessitates a separate foreign exchange transaction.
Learn more about payment here
https://brainly.com/question/29645285
#SPJ4
What is the relationship between the growth rate of real GDP and the growth rate of real GDP per person?; What is the relationship between GDP GDP per capita and population growth rate?; What happens when per capita GDP increases?; What does a growing GDP per capita indicate about a country?
An increase in actual GDP does not assure an increase in actual GDP according to per capita. If the boom in populace exceeds the increase in real GDP, real GDP according to capita will fall.
Key Takeaways. Nominal GDP is the whole value of all goods and services produced in a given term, commonly quarterly or yearly. actual GDP is nominal GDP adjusted for inflation. actual GDP is used to measure the actual growth of manufacturing with no distorting results from inflation.
The booming rate of real GDP in step with character equals the D) boom price of actual GDP minus the boom rate of the population. for instance, if the real GDP of a financial system grows by using 5% and the populace grows by 2% then the increased charge in line with capita real GDP could be 3%.
Monetary growth refers to a growth inside the length of a rustic's economy over a time period. the scale of an economy is normally measured by way of the full production of goods and services within the financial system, which is referred to as gross home product (GDP). financial boom can be measured in 'nominal' or 'real' terms.
Learn more about actual GDP here
https://brainly.com/question/1383956
#SPJ4
the bond carrying value can be determined by taking the bond ___ value minus the discount on bonds payable
The bond carrying value can be determined by taking the bond face value minus the discount on bonds payable.
How would you find the conveying worth of a bond?
The conveying worth of a bond is the amount of its assumed worth in addition to unamortized premium or the distinction in front of its worth less unamortized markdown. It very well may be determined in different ways, for example, the powerful financing cost technique or the straight-line amortization strategy. It's carried on an organization's monetary record.
What is the conveying worth of a bond with a markdown?
Conveying esteem is the joined all out of a bond's presumptive worth and any unamortized limits or charges. A markdown from the presumptive worth of a security happens when financial backers need to procure a higher pace of revenue than the rate paid by the security, so they pay not exactly the assumed worth of the security.
Do you add or deduct a markdown from the bonds payable record?
Markdown on bonds payable is a contra record to bonds payable that diminishes the worth of the bonds and is deducted from the bonds payable in the long‐term risk part of the asset report.
Learn more about face value here:
https://brainly.com/question/27979865
#SPJ1
Equipment acquired on January 6 at a cost of $455,400 has an estimated useful life of 10 years and an estimated residual value of $59,400.a. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation?Year Depreciation Expensb. What was the book value of the equipment on January 1 of Year 4?c. Assuming that the equipment was sold on January 3 of Year 4 for $319,800, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank.Jan. 3 d. Assuming that the equipment had been sold on January 3 of Year 4 for $343,300 instead of $319,800, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank.Jan. 3
The annual depreciation for the years is $39,6000.The book value of the equipment is $297000. The book value of the equipment 2014, is $297000.There is a gain on sale of equipment on $46300 was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation
Using the straight-line method, the annual depreciation will always be constant. Let us compute the annual depreciation.
Annual deprecition =Cost −Estimated residual value/Estimated useful life
Annual depreciation =455,400 − 59,400 /10 years
Annual depreciation =39,6000
The annual depreciation for the years 2011, 2012, and 2013 is $39,6000.
Part B:
Let us compute the book value of the equipment on January 1, 2014. The period covered for accumulated depreciation is 3 years (from January 6, 2011, to January 1, 2014).
Book value =Cost − Accumulated deprecation
Book value=Cost−Annual depreciation× period covered
Book value= 455,400 - 39600×4
Book value=297000
The book value of the equipment on January 1, 2014, is $297000
Part C:
Let us compute the gain or loss on the sale of the equipment.
Gain(Loss)=Sellingprice−Bookvalue
Gain(Loss)=396000-297000
Gain(Loss)= 99,000
part D:
Let us compute the gain or loss on the sale of the equipment.
Gain(Loss)=Sellingprice−Bookvalue
Gain(Loss)=343,300-297000
Gain(Loss)= 46300
There is a gain on sale of equipment on $46300
Learn more about Depreciation here:
https://brainly.com/question/15085226
#SPJ4
Manilow Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Manilow's Accounts Receivable account was $555,000 and Allowance for Doubtful Accounts had a credit balance of $40,000. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the aging schedule shown below. a.What is the appropriate balance for Allowance for Doubtful Accounts at year-end? b.Show how accounts receivable would be c.What is the dollar effect of the year-end bad debt adjustment on the before-tax income? Dollar effect of the year-end bad debt adjustment (increase or decrease)presented on the balance sheet.
a. Total allowance for doubtful accounts: $60,000. b. Net accounts receivables: $495,000. c. Dollar effect: $20,000. The allowance for doubtful accounts is a contra-asset account that is adjusted against the corporate entity's gross receivables. It is calculated as a guessed percentage of the total amount of credit sales or receivables.
Because it lowers the value of an asset. in this case, the accounts receivable. The allowance for dubious accounts is referred to as a "contra asset." The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay. By crediting the allowance for doubtful accounts and debiting the bad debt expenditure, make the journal entry. Debit allowance for doubtful accounts and credit the corresponding receivables account when you decide to write off an account. Calculating how many of the 100 clients will not pay their whole debt is the goal of the provision for dubious accounts. The business will credit an allowance for doubtful accounts and debit a bad debt expense rather than waiting to see exactly how payments turn out.
Learn more about doubtful accounts here
https://brainly.com/question/26498002
#SPJ4
which of the following promotional tools is only useful as a supplemental aspect of the promotional mix?
Marketing tactics is only effective when used in addition to other marketing strategies
Personal selling is more often used in which product?
The vendors market the goods by their demeanour, demeanour, and in-depth product knowledge. They want to educate and persuade the customer to purchase or at the very least try the goods.
The perfume and cosmetic departments in department shops are a fantastic place to see personal selling in action. A customer can try several things and receive advise on how to use the product. Personal selling is frequently used to sell products, especially those with relatively high costs or complicated features. Excellent examples include automobiles, office supplies (such as photocopiers), and numerous items that companies sell to other industrial clients.
To know more about personal selling click on the link below:
https://brainly.com/question/7304387
#SPJ4
Public relations are promotional tools only useful as a supplemental aspect of the promotional mix.
What are public relations?
Managing and distributing information from a person or an organization to the public in an effort to change their perception is known as public relations. In contrast to publicity, which is uncontrolled and funded by outside sources, public relations is internally managed. Campaigns in traditional media, sponsorships, product placement, social media campaigns, consumer education, and corporate social responsibility are a few examples of public relations. A corporation or organization's public image is created and maintained by public relations professionals. They produce material, such as press releases and social media posts, that influence public perception of the business or organization and raise brand recognition.
To learn more on public relations from the link:
https://brainly.com/question/20313749
#SPJ4
First Federal Savings and Loan sells short-term notes to its customers, the federal government issues a new series of savings bonds, Fennington Corp. issues new stock in its company, and Liberty Insurance Company sells annuity contracts. Which of these offerings must be registered with the Securities and Exchange Commission (SEC)?
A. The short-term notes sold by First Federal Savings and Loan, the savings bonds issued by the federal government, and the annuity contracts sold by Liberty Insurance Company must be registered with the SEC.
B. All of these offerings must be registered with the SEC.
C. The short-term notes sold by First Federal Savings and Loan and the stock issued by Fennington Corp. must be registered with the SEC.
D. Only the stock offered by Fennington Corp must be registered with the SEC.
Only shares offered by Fnnington Corp must be registered with the SEC. It is an independent federal agency for protecting investors and promoting capital accumulation.
Why was SEC created?The American Securities and Exchange Commission (SEC) is an independent agency of the United States federal government established after the Wall Street crash of 1929.
The SEC's primary purpose is to enforce market manipulation laws. SEC oversees stock exchanges, brokers and dealers, investment advisors, and mutual funds to promote fair trading, disclosure of material market information, and prevention of fraud.
What authority does the SEC possess?The Act gives the SEC extensive control over all facets of the securities market. This includes the power to authorize, license, and manage the nation's securities self regulatory organizations as well as brokerage firms, transfer agents, clearing agencies and nation's securities self regulatory organizations (SROs).
To learn more about SEC visit:
https://brainly.com/question/28426974
#SPJ4
when deciding to monitize program effects using the helps identify potential outcomes and impacts to be monetized
When deciding to monetize program effects using the data monetization helps identify potential outcomes and impacts to be monetized.
A type of monetization known as "data monetization" may be defined as the process of obtaining quantifiable economic advantages from existing data sources (analytics). It may also, less frequently, relate to the process of charging for data services.
These advantages in the context of analytics often manifest as reductions in costs or revenues, but they might also include increases in market share or corporate market value. Data monetization makes use of data produced by company operations, exogenous data or material that is readily available, as well as data related to individual actors, including that gathered via electronic devices and sensors taking part in the internet of things.
To know more about Data Monetization here
https://brainly.com/question/28902236
#SPJ4
The use of the word "monopoly" in the name of the market structure called "monopolistic competition" refers to the fact that
a. monopolistically competitive firms produce beyond their efficient scale and so do monopolists.
b. monopolistically competitive markets have free entry and exit just like a monopolistic market.
c. monopolistically competitive firms charge prices equal to their marginal costs just like monopolists.
d. a monopolistically competitive firm faces a downward-sloping demand curve for its differentiated product and so does a monopolist.
"Monopolistic competition" refers to the fact that; In a monopolistic competitive market, as in a competitive market, there are many sellers and they can come and go as they please. So option b. is correct.
Define Monopolistic competition.Monopolistic competition is when manufacturers compete with each other by selling different products that are not perfect substitutes for each other.
If there is only one supplier in the market, he is called a monopoly. Traditional economic theory sees a monopoly as the perfect antithesis of perfect competition. The demand curve that a monopolist encounters is, by definition, the industry's downhill demand curve.
To know more about Monopolistic competition, visit:
https://brainly.com/question/29617378
#SPJ1
josie purchases her textbooks using her debit card. marie purchases her textbooks using her credit card. juan purchases his textbooks using cash. do all of these transactions represent a use of money? please choose the correct answer from the following choices, and then select the submit answer button. answer choices yes, because in each transaction, the individual is using a payment method and receiving the textbooks in return. yes, because it does not matter which kind of technology is used to buy the textbooks provided the chosen method results in the acquisition of the textbooks. no, josie and marie are both not using money when buying their textbooks no, maria is not using money to purchase the textbooks, but juan and josie are using money.
No, Marie's use of the credit card is not a use of money because the credit card represents a pre-approved loan.
A credit card is what?With a line of credit that you can access through your card (and your card's account), a credit card is a financial tool provided by a bank in the form of a loan. You can utilise your credit limit, which is a cap on the loan that underpins your credit card, for small purchases as well as larger ones. A credit card, in its virtual version, is a type of payment that makes it easier for people to make purchases and cash advances for both personal and professional use. An unsecured revolving line of credit is typically offered through a credit card, which typically functions as a substitute for cash or a check.
To know more about credit card visit:
https://brainly.com/question/27350251
#SPJ4
