Years Straight line method Double declining-balance method
Year 1 $7,000 $14,000
Year 2 $7,000 $ 8,400
What is depreciation?Depreciation refers to the monetary value of an assets that decreases over time due to use, wear and tear or obsolescence.
Explanation:- A). Straight line method = (cost of computer - residual value) / Estimated useful life
= ($35,000 - 0) / 5
= $7,000
Note:- Depreciation amount in straight line method would remain the same for every year.
Straight line depreciation = (Depreciation/ Cost of computer) *100
= (7,000/ 35,000)* 100 = 20%
B). Double-declining-balance method = 2* straight line method ( i.e. 2*20%) = 40%
Year 1 = $35,000* 40% = $14,000
Year 2 = $21,000( $35,000- 14,000) *40% = $8,400
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In economics a computer bought by a firm for its account keeping is classified differently to a computer bought by an individual for playing games and surfing the internet. Explain why.
Answer:
12
Explanation:
You discover an unattended email address or fax machine in your office receiving beneficiary appeals requests. You suspect no one is processing the appeals. What should you do?
If you discover an unattended email address or fax machine in your office. What you should do is: To Contact your compliance department.
Unattended email addressIf an unattended email address that is receiving appeals requests is discovered the next step of action to take is to get in touch or contact your compliance department.
You can contact your compliance department by making use of compliance hotline or any other means that you can use to contact them.
Therefore what you should do is: To Contact your compliance department.
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The Coca-Cola Company uses a job-order costing system. True or False: Job-order costing uses the actual direct materials cost of the job, the actual direct labor cost of the job, and the manufacturing overhead cost applied to the job.
Answer: In managerial accounting, there are two general types of costing systems to assign costs to products or services that the company provides: “job order costing” and “process costing”. Job order costing is used in situations where the company delivers a unique or custom job for its customers. Every customer is treated uniquely and delivered products to specifically suit their individual needs.
Explanation: hope this helps, if not I'm sorry
utilizing the general education electives list in the college catalog menu (link below), eng 230 is considered which area of electives?
Based on the fact that Eng 230 is an English language course, it will most likely fall under Humanities or Fine Arts.
What classification does English fall under as a college course?The link is not provided so I will have to give a general answer.
English as a language will often fall under the Humanities department where you might find other languages such as French and Spanish.
In some cases, it could also fall under Fine Arts thanks to its use in Theatre and Drama as well as Film and Television.
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A production possibilities frontier is like a ___________________, for an entire society. Group of answer choices opportunity cost
Answer:
production possibilities frontier is like a set of choices
what increases your total loan balance?
Interest compound is known to increase a person's loan balance.
What is interest?This is a term that is used to refer to the additional cost of borrowing money. When people borrow they have to pay an interest for that amount in a given period.
When you fail to pay when due, the interest on this loan would continue to rise till you pay up.
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Sara was faced with a decision to complete a skill herself or delegate to a staff member. Watch both examples and think about your reading about the three-skill approach. Explain which skill was used in each example and how it ultimately affected patient and staff outcomes. If you don’t agree with either example, can you think of a better decision for sara? explain which skill you would have focused on and why.
Answer:
Complete a skill herself.
which product was used to show the income effect, substitution effect, and diminishing marginal utility?
In this context, the "Pizza" was the product that is used to show the income effect, substitution effect, and diminishing marginal utility.
What is stated by Income effect?The effect gives that Increase in price = Decrease in income = Decrease in quantity demanded
What is stated by Substitution effect?The effect gives that Increase in price = Replace product with cheaper alternative = Decrease in quantity demanded
What is stated by Diminishing marginal utility?The effect gives that Increase in consumption of a good = Decrease in satisfaction = Decrease in quantity demanded
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Which form of personal power is used by leaders?
The form of personal power is used by leaders is Referent power.
What is Referent power?Referent power can be described as a kind of power that can be gotten by the leader's ability to influence and inspire those that he is leading especially in government.
It can be regarded as the adoration and respect that the leader gets as a result of his influence on his subordinates and other managers that are below him in the organization.
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The marketing concept that states that a business must find out what consumers want and provide it for them is called the: Multiple choice question. profit orientation product orientation service orientation customer orientation
The correct option is D). Customer orientation.
What is customer orientation?Customer orientation is a business approach in which an organization puts the needs of the customer on the priority over the needs of the business.
Any business without following customer-orientation approach cannot flourish unless it consistently improves customer focus.
Customer orientation is very important for achieving customer satisfaction.
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Gross domestic product calculations count only final goods and services because ______.
Gross domestic product calculations count only final goods and services because counting all intermediate goods and services would lead to double-counting of many activities.
What is gross domestic product?The GDP of a country is what measures the total output of goods and services produced in a country. In other words, it measures the standard of living of a country's citizen.
The gross domestic product is a broad monetary measure of a nation’s overall economic activity.
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Question Mode Multiple Choice Question The total interest that accumulates over time on both the principle money deposited and accumulating interest in an interest-bearing savings account is known as ______ interest.
a provider who directly treats a patient is called a(n)
A provider who directly treats a patient is called a direct provider.
A provider who directly treats a patient is called a direct provider.
Who is a Patient?This refers to the person that is under care, usually in the hospital for an ailment or health-related issue.
Hence, we can see that in the case of the person that takes care of a patient and treats him directly, this person is known as a direct provider and is responsible for getting him to wellness.
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The intrinsic rate of the atriobventricular av bundle is beats/min
The intrinsic rate of the atriobventricular (av) node is 40 to 60 beats per minute (bpm).
What is the rate for beat for av?The arteries and veins are medium of transportation of material and nutrients in the body.
They beats 40 to 60 times in a minutes to show activeness in an individual.
Therefore, the intrinsic rate of the atriobventricular node is 40 to 60 beats per minute (bpm).
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A Treasury bill with a par value of $100,000 due three months from now is selling today for $97,087 with an effective annual yield of A) 12.40%. B) 12.55%. C) 12.62%. D) 12.68%. E) None of the options are correct.
The effective annual yield of a treasury bill is equivalent to 12.55%.
Option B is the correct answer.
What is the treasury bill?The treasury bill is the trading instrument that is issued in the money market by the government.
Given values:
Par value: $100,000
Future value: $97,087
Number of years from now: 3 years
Step-1 Computation of interest rate of treasury bill:
[tex]\rm\ Interest \rm\ rate \rm\ on\rm\ treasury \rm\ bill=\frac{\rm\ Par \rm\ value - \rm\ Future \rm\ value}{\rm\ Future \rm\ value} \\\rm\ Interest \rm\ rate \rm\ on\rm\ treasury \rm\ bill=\frac{\$100,000-\$97,087}{\$97,087} \\\rm\ Interest \rm\ rate \rm\ on\rm\ treasury \rm\ bill=0.03[/tex]
Step-2 Computation of equivalent yield the bill:
[tex]\rm\ Equivalent \rm\ annual \rm\ yield =(\rm\ 1+ \rm\ interest \rm\ rate)^{\rm\ Number \rm\ of \rm\ years} - 1\\\rm\ Equivalent \rm\ annual \rm\ yield=(1+0.03)^{4} -1\\\rm\ Equivalent \rm\ annual \rm\ yield=1.01255-1\\\rm\ Equivalent \rm\ annual \rm\ yield=0.01255[/tex]
Therefore, 12.55% is the equivalent yield on the treasury bill.
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answer it pls... T_T .
Answer/Explanation:
One way this definition is defective is because it does not consider immaterial goods (like services, such as a doctor). In modern economics the word “Wealth” includes material and immaterial goods, which is why the definition is defective.
Private property Multiple Choice discourages exchange since people must get government approval before buying property. are not legally enforceable in the U.S. are sustained by the right of individuals to designate who will receive their property when they die. does everything indicated in the other choices.
One thing about private property is that they are sustained by the right of individuals to designate who will receive their property when they die.
What makes private property so alluring?Private property refers to the legal right of a person to own a property and decide what to do with it within the laws of the nation.
In the U.S., a private property owner is allowed to give their land to whomever they want. This is the chief factor that sustains private land because people acquire them knowing they can pass them on when they die.
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Sheffield has a standard of 2 hours of labor per unit, at $12 per hour. In producing 3600 units, Sheffield used 6900 hours of labor at a total cost of $84180. Sheffield's total labor variance is
Based on the standard labor hours to Sheffield and the cost per unit of labor, the total labor variance is $3,600 Favorable.
What is Sheffield's labor variance?This can be found as:
= (Standard Labor Hours - Actual Labor Hours) x standard Labor Rate
Solving gives:
= ((3,600 x 2) - 6,900) x 12
= (7,200 - 6,900) x 12
= $3,600 Favorable
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When there are many substitutes available in the market for a particular product, consumers _______. a. have a hard time switching from one product to another, making demand more inelastic b. can easily switch from one product to another, making demand more inelastic c. have a hard time switching from one product to another, making demand more elastic d. can easily switch from one product to another, making demand more elastic
The outcome that is likely to occur when there are many substitutes available in the market for a particular product, is that customers can easily switch from one product to another, making demand more elastic.
What is Demand?This refers to the quantity of goods that are needed by customers at any given time that affects price and supply.
Hence, we can see that in the case where there are many substitutes for a particular product, this would lead to a more elastic demand because the people can easily switch from one product to another.
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in vernon smith's classroom experiments, total gains from trade were very close to being maximized throughout the experiment because:
In vernon smith's classroom experiments, total gains from trade were very close to being maximized throughout the experiment because the quantity of goods supplied is more than the quantity of goods that the consumer demanded for leading to a surplus.
Why is the gain not Maximized?The gain was not maximized because the consumer were not willing to pay for the goods that they do not demand for and they where also not willing to pay less for the good.
This occurs when a goods exist in abundance.
Therefore, In vernon smith's classroom experiments, total gains from trade were very close to being maximized throughout the experiment because the quantity of goods supplied is more than the quantity of goods that the consumer demanded for leading to a surplus.
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Marketing ethics can be defined as: Group of answer choices a broad concept that relates to a firm's obligation to maximize its positive impact on society. that part of a corporate culture that relates to a firm's expectations about appropriate conduct. principles and standards that define acceptable marketing conduct. activities involving extra steps to increase the firm's overall positive impact on society, the local community, and the environment. the economic responsibility of making a profit.
Marketing ethics can be defined principles and standards that define acceptable marketing conduct.
What is Marketing ethics?Marketing ethics can be regarded as the principle that guides the process of marketing so as to be able to achieve the goal of increase in the profit of the organization.
Therefore, Marketing ethics can be defined principles and standards that define acceptable marketing conduct.
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Kim, Chris, and Beth are all partners in a cosmetics firm. Kim is leaving the partnership and wants to sell her shares of the business, including the property owned by the partnership, to Chris and Beth. The three partners own the property with the right of survivorship should one or more of them die. The remaining partners are not interested in buying Kim's interests. Kim has been unable to find a buyer for her share of the partnership. She has now resorted to asking the court to either sell her shares or sell the entire property. What form of concurrent ownership applies
It is a Joint Tenancy form of concurrent ownership.
What is joint tenancy ownership?Joint tenancy is a type of shared ownership of property, where each and every owner has an undivided interest in the property.
This type of ownership provides a right of survivorship to the partners , which means that when one owner dies, the other owners hold the interest of the deceased owner.
Basically, it is a legal agreement in which two or more people own a property together with equal rights.
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Agency costs faced by MNCs may be larger than those faced by purely domestic firms because: a.monitoring of managers located in foreign countries is more difficult AND foreign subsidiary managers raised in different cultures may not follow uniform goals. b.monitoring of managers located in foreign countries is more difficult. c.MNCs are relatively large. d.foreign subsidiary managers raised in different cultures may not follow uniform goals. e.All of these are correct.
Agency costs faced by MNCs may be larger than those faced by purely domestic firms because:
monitoring of managers located in foreign countries is more difficult AND foreign subsidiary managers raised in different cultures may not follow uniform goals. monitoring of managers located in foreign countries is more difficult..MNCs are relatively large. foreign subsidiary managers raised in different cultures may not follow uniform goal.What are multinational corporations?Multinational corporations can be regarded as one that have the license to operates in more than one country at a time.
Agency costs faced by MNCs may be larger than those faced by purely domestic firms due to how foreign subsidiary managers raised in different cultures may not follow uniform goals.
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Orlando wants to become a certified public accountant. which career cluster is he interested in? a. manufacturing b. transport, distribution, and logistics c. finance d. marketing
The fact that Orlando wants to become a certified public accountant means that the career cluster he is in is C. Finance.
What career cluster is accounting?A career in accounting is found in the finance career cluster which deals with other subjects that have to do with financial services.
Apart from accounting, the finance cluster would include things like investment banking, banking, and credit analysis.
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Identify the correct definition of an asset. Multiple choice question. An asset is an amount owed to a creditor. An asset is a resource that a business owns or controls. An asset refers to the claims of a business's owners.
The proper definition of an asset is a resource that a corporation owns or controls, one that has economic worth and improves the financial situation of the firm. The best way to describe an asset is option B.
Something with an economic worth that a person, bunch, or company may claim or manage is alluded to as an asset. It stands for an inescapable choice in the longer term which can make strides within the money-related consistent quality of the organization.
Both tangible and intangible assets are considered assets, and they are often divided into distinct categories on a balance sheet, such as current assets (short-term assets like cash, accounts receivable, and inventory) and non-current assets (long-term assets like property, equipment, and investments).
Hence, the correct option is B. An asset is a resource that a business owns or controls.
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The given question is not in proper format; below is the question.
Identify the correct definition of an asset. Multiple choice questions.
A. An asset is an amount owed to a creditor.
B. An asset is a resource that a business owns or controls.
C. An asset refers to the claims of a business's owners.
The changes in the american business system that have had the most dramatic impact on the workings of the free enterprise system are the changes in:
The changes in the american business system that have had the most dramatic impact on the workings of the free enterprise system are the changes in labour force.
What is Labour force?Labour force are people that helped in managing a business.
They include workers and staffs of organization and without them no work can be done.
Change of labour force can have a great impact on an enterprise.
Therefore, The changes in the american business system that have had the most dramatic impact on the workings of the free enterprise system are the changes in labour force.
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Perpetual Inventory Using FIFO
Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows:
Inventory Purchases Sales
Dec. 1 310 units at $88 Dec. 10 144 units at $90 Dec. 12 240 units
Dec. 20 240 units at $96 Dec. 14 166 units
Dec. 31 200 units
Assume that the business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit.
Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column.
The cost of sales and the inventory balance at the given dates are:
Date Cost of sales Inventory Balance
Dec 12 $21,120 214
Dec 14 $14,800 48
Dec 31 $22,752 14
What is FIFO?FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold.
The items sold on Dec 12 would be taken from the beginning inventory.
Inventory left = (310 - 240) + 144 = 214
Cost of goods sold = 88 x 240 = $21,120
The items sold on Dec 14 would be taken from the beginning inventory and the items bought on Dec 10.
Inventory left = 214 - 166 = 48
Cost of goods sold = (88 x 70) + [(166 - 70) x 90] =
6160 +8640 = $14,800
The items sold on Dec 31 would be taken from the inventory purchase on Dec 10 and 20.
Inventory left = (48 + 240) - 200 = 88
Cost of good sold = (48 x 90) + [(240 - 48) x 96) =
4320 + 18,432 = $22,752
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The demand for does not change when a change in _______ occurs.
The demand for hot dogs does not change when a change in The price of a hot dog occurs.
What is the relationship between price and demand?The price of a good has an influence on the quantity demanded by the consumers.
Provided that non-price factors not included, it should be noted that when the price is very high, there will be lower quantity demanded and vice versa.
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A form of foreign direct investment, where a domestic company purchases a company in a foreign country to produce a similar product or service is a: Group of answer choices licensor. joint venture. foreign subsidiary. host company.
A form of foreign direct investment, where a domestic company purchases a company in a foreign country is a foreign subsidiary.
What is Foreign subsidiary?This is a business enterprise which involves a company owning to some degree another in another country.
This type of subsidiary involves the both of them producing the same type of goods and service.
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The Finnish prefer to maintain time-honored traditions and norms and view change with suspicion. Which of Hofstede’s cultural dimensions does this represent?
power distance
individualism/collectivism
masculinity/femininity
time orientation
