estimates of the cost, salvage value, and useful life of a plant asset are used to calculate its annual depreciation.

Answers

Answer 1

Straight-line depreciation lowers an asset's value uniformly until its salvage value. Calculate it by dividing an asset's cost, less its salvage value, by its useable life.

A business asset's salvage value is its sale or scrap value after its useful life. With a few exceptions, assets are anything your firm uses to run or make money.

Your business's depreciable assets—equipment, vehicles, tools, hardware, buildings, and machinery—can be sold for salvage value to recoup costs and reduce taxes.

Salvage Value is the estimated amount an asset is worth after all costs associated with the item's disposal have been deducted.

To know more about the calculation of annual depreciation:

https://brainly.com/question/27971176

#SPJ4


Related Questions

which of the following are options for dealing with insufficient capacity? multiple select question. prioritize orders, delaying some. schedule overtime. cancel existing orders. shifting orders to adjacent periods.

Answers

When there is not enough room on or within a structure, it is not possible to make the necessary space even after taking all essential precautions.

What is an example of a structure?

Examples of load-bearing constructions include salt domes, anthills, beaver dams, buildings, aeroplanes, and skeletons. The infrastructure of a human society is made up of buildings and non-building structures that are the outcome of construction. A structure is something that is put together from numerous elements. A sentence, your body, an outhouse, or a skyscraper are all examples of structures. The word structure, which meaning "a putting together, building," is derived from the Latin word structura. Although it is undoubtedly used to describe structures, it is capable of more.

Know more about necessary visit:

https://brainly.com/question/9857649

#SPJ4

Murple berect wuesuun Select all that apply Which of these events are credited with setting up the conditions by which the global economy.goods, people, and money moving freely throughout the world could flourish? The bombing of Pearl Harbor The worldwide trend of governments deregulating their economies Asian countries opening their economies to foreign investors The fall of the Berlin Wall The legalization of gay marriage in the United States

Answers

Murple berect wuesuun B. The overall pattern of states liberating their economies c. Asian nations opening their economies to unfamiliar financial backers d. The fall of the Berlin Wall.

The legitimization of gay marriage in the US. These occasions are credited with setting up the circumstances by which the worldwide economy .products, individuals, and cash moving unreservedly all through the world could thrive. An economy is a position of the assembling, dissemination, and change, as well as utilization of labor and products. In popularity, it's miles depicted as a social space that stresses the practices, talks, and texture articulations connected with the assembling, use, and board of scant sources. A monetary framework envelops every one of the exercises related to the creation, utilization, and substitution of items and administrations in an element, whether the substance is a state or a little city. No two economies are indistinguishable. each is molded by its resources, lifestyle, lawful rules, history, and geology.

Learn more about legalization:

https://brainly.com/question/14994033

#SPJ4

An auditor's primary objective in regard to _____ _____ is to obtain the evidence needed to determine if transactions with them have been properly accounted for and disclosed in the financial statements.

Answers

An auditor's primary objective in regard to related parties is to obtain the evidence needed to determine if transactions with them have been properly accounted for and disclosed in the financial statements.

An auditor is a person or corporation hired by a company to carry out an audit. To serve as an auditor, a person must be certified by the accounting and auditing regulatory authority or meet particular standards. In general, a person should receive a certificate of practise from the regulatory body in order to operate as an external auditor for the firm.

An external auditor/statutory auditor is an independent business hired by the client whose financial statements are being audited to offer an opinion on whether the company's financial statements are free of serious misstatements, whether due to fraud or error.

To know more about Auditors here-

https://brainly.com/question/28457117

#SPJ4

which of the following statements about orders is true? aa market order to sell is executed at a specified price or higher.ba limit order to buy can only be executed at a specified price or higher.ca market order to sell is executed immediately at the best available price.da limit order to buy is executed immediately at the best available price.

Answers

Out of the given choices, the statement, ''a market order to sell is executed immediately at the best available price,'' is the statement that holds true about orders. Therefore, the option C holds true.

A market order is to be understood as an order placed by a stock trader on the exchange, wherein he or she places an order to trade securities at the current prices that prevail in the market. Moreover, the market prices are such that they do not carry any specific price related instructions while they are being placed, and thus, are executed immediately.

Learn more about a market order here:

https://brainly.com/question/29754984

#SPJ4

A company discarded a computer system originally purchased for $8,850. The accumulated depreciation was $6,350. The company should recognize a (an): Multiple Choice O $0 gain or loss. O $2,500 loss. O $2,500 gain.О $8,850 gain. O $6,350 loss.

Answers

A corporation got rid of a computer system that cost $8,850 to start with. $6,350 was the total depreciation. A (an) loss of $2,500 should be recorded by the company.

What is the formula for loss?

Add the purchasing price to the selling price before taking it away. Gain or loss comes as a result. Divide the investment's gain or loss by the purchase price or original investment amount to get the result. Loss equals C.P. - S.P. (C.P. > S.P.). Where C.P. denotes the item's or commodity's true cost, and S.P. denotes the price at which the item was actually sold to the consumer.

Taken together with the initial purchase price, the above result is multiplied by 100 to determine the percentage change. The loss percentage of a product is the proportion of sales proceeds that the retailer loses after selling it at a loss-making markdown below the product's cost price.

Therefore the correct answer is $2,500 loss .

To learn more about loss refer to :

https://brainly.com/question/14150622

#SPJ4

The company should recognize as a $2,500 loss company.

What is the formula for loss?

Add the purchasing price to the selling price before taking it away. Gain or loss comes as a result. Divide the investment's gain or loss by the purchase price or original investment amount to get the result. Loss equals C.P. - S.P. (C.P. > S.P.). Where C.P. denotes the item's or commodity's true cost, and S.P. denotes the price at which the item was actually sold to the consumer.

Taken together with the initial purchase price, the above result is multiplied by 100 to determine the percentage change. The loss percentage of a product is the proportion of sales proceeds that the retailer loses after selling it at a loss-making markdown below the product's cost price.

Cost price of computer system                                                                                             = 8,850

Accumulated depreciation of computer system                                                               = 6,350

Book value of computer system

(8850-6350)   =  2,500

Sale price of computer system                                                                                              = Nil

Loss on discard of computer system (2500-0)                                                                   = 2,500

Thus, the right answer is OPTION B, $ 2,500 LOSS.

To learn more about loss refer to :

brainly.com/question/14150622

#SPJ4

Choose the response that correctly describes how decedents are allowed to claim deductions on their final returnA. When a taxpayer dies, they are entitled to claim deductions for all the expenses paid and for qualifying donations made prior to their death.B. On a decedent's final return, the standard deduction must be prorated through the date of death. Only the prorated portion may be deductedC. Medical expenses are only deductible through the date of death. Payments made after the date of death are not deductible on the final tax returnD. Decedents are not allowed to deduct any charitable donations made prior to death if they mailed a check, but it was not cashed prior to the date of death.

Answers

The correct option is (C). Medical expenses are only deductible through the date of death. Payments are made after the date of death. Payments made after the date of death are not deductible on the final tax return.

The IRS allows you to abate unreimbursed payments for precautionary care such as medical expenses, treatment, surgeries, dental and vision care, visits to psychologists and psychiatrists, traditional specifics, appliances similar as spectacles, connections, false teeth and hearing aids, and charges that you pay to travel for good medical care.  

For individual pay envelope- earners, some of the most generally- used deductibles are mortgage interest payments, state and original duty payments, and charitable deductions. There's a deduction for out-of-fund medical costs.

To learn more about medical expense, visit here

https://brainly.com/question/3753242

#SPJ4

There are eight critical business processes on which supply chain managers must focus. Which of the following is one of those processes?
a. Returns management
b. Sales promotion activities
c. Distribution intensity
d. Public relations activities
e. Environmental assessments

Answers

Distribution intensity is one of the  eight critical business processes on which supply chain managers must focus.

What is the supply chain?

A supply chain is the network of all the individuals, organizations, enterprises, assets, tasks, activities, and technology breakthroughs involved in the manufacture and distribution of an item. Every stage of the process, from the movement of raw materials from the supplier to the producer to the ultimate distribution to the client, is included in a supply chain.

What is the supply chain's main purpose?

Supply chain management sees logistics and updates inventory levels. They evaluate operation performance and address issues. Additionally, they collaborate with vendors and suppliers to ensure that all operations (such shipping and delivery) meet the strictest requirements for quality and safety.

To know more about Supply Chain visit:

https://brainly.com/question/30086410

#SPJ4

the hierarchy of effects assumes the consumer does not initially have a strong preference for one brand over another. instead, a consumer acts on the basis of limited knowledge and then forms an evaluation only after the product has been purchased or used. question 36 options: experiential habitual standard learning low-involvement

Answers

The customer does not immediately have a strong preference for one brand over another in the low-involvement hierarchy of effects; instead, they act based on their limited information and build an opinion after buying and/or using the product. The right response in this case is option C.

The low-involvement hierarchy of effects model assumes that consumers do not have a strong preference for one brand over another, and instead make purchasing decisions based on limited knowledge.

After the product has been purchased and/or used, the consumer forms an evaluation of the product, which can lead to brand loyalty or repeat purchases. This model is typically used for products that are relatively inexpensive and/or have low personal or social relevance.

Complete question:

In the ________________ hierarchy of effects, the consumer does not initially have a strong preference for one brand over another, but instead acts on the basis of limited knowledge and then forms an evaluation after the product has been purchased and/or used.

A. high-involvement

B. cognitive

C. low-involvement

D. experiential

To learn more about consumers

https://brainly.com/question/27773546

#SPJ4

In the context of the content and delivery of a marketing message , which of the following methods of communication is more difficult to control than others ? Advertising
Sales promotion
Word of mouth
Radio
Television

Answers

In the context of the content and delivery of a marketing message Word of mouth  methods of communication is more difficult to control than others .

Option C is correct.

Which of the following is a form of marketing promotion?

A promotional mix is a combination of marketing strategies like advertising, sales, public relations, and direct marketing to achieve a given marketing goal. Advertising (billboard), personal selling (sales representative at a call center), public relations (press conference), sales promotion (coupon), and direct marketing are five examples of promotional elements (catalogue).

While direct selling, public relations, and advertising are all tried-and-true methods of marketing, social media marketing has emerged as a cost-effective means of generating sales. The Top 3 Sales Promotion Methods: advertising at the point of sale, samples and trade shows, coupons, and premiums.

Question incomplete:

In the context of the content and delivery of a marketing message , which of the following methods of communication is more difficult to control than others ?

A. Advertising

B. Sales promotion

C. Word of mouth

D. Radio

E. Television

Learn more about marketing:

brainly.com/question/29413554

#SPJ4

Hedonic shopping motives include_ - social experiences - interpersonal attraction - thrill of the hunt - all of the these motives.

Answers

The thrill of the hunt is considered a hedonic needs shopping motive. Impulse items such as candy or gum are placed near the checkout.

Hedonic goods are high-end products that give their purchasers pleasure, amusement, or delight in exchange for their purchase. Hedonic needs are focused with shopping for pleasure to lift mood or shopping with others to reap the rewards of camaraderie. Do some concept shopping to stay current with trends. In order to appreciate the experience, shop for others.The desire to shop for hedonistic reasons is the desire to fulfil one's own irrational desires, such as feelings of emotion, satisfaction, and status. According to the theory that a good's price is influenced both internally by the good and externally by other circumstances, hedonic pricing is a model that determines price components.

To learn more about hedonic needs, visit:

https://brainly.com/question/29513355

#SPJ4

suppose a regulatory agency makes decisions that seem to require an ever-growing agency budget and staff of regulators to monitor firms and enforce the decisions. this would be evidence in support of the theory of regulation. group of answer choices stigler public interest capture public choice

Answers

Last option is correct. Public choice would be evidence of theory of regulation.

Regulatory capture is an economic theory that states that regulation can be governed by the industry or interests they are responsible for regulating. As a result, agencies tasked with acting in the public interest will instead act in ways that benefit the incumbents of the industry they are supposed to regulate.

Regulatory capture is the economic theory that regulators may be governed by the interests they regulate rather than the public interest.

As a result, government agencies act in ways that benefit the interests they are designed to regulate. While industry spends large budgets to influence regulators, individual citizens spend limited resources defending their rights.

Also known as the "economic theory of regulation" or simply "capture theory," capture by regulation was introduced to the world in the 1970s by the late George Stigler, a Nobel laureate in economics at the University of Chicago. Stigler noted that while the regulated industry has a strong interest in influencing regulators, the general public is less ambitious. Regulation of issues such as B. Pollution standards often affect the public as a whole, so individuals are less likely to influence regulators the way they do in regulated industries.

Know more about Public choice here:

https://brainly.com/question/15236280

#SPJ4

is a method of providing user support where an organization contracts with a vendor to provide support services to its workers and clients.

Answers

Business process outsourcing (BPO) is a business strategy where an organisation hires an outside service provider to carry out a crucial operation or function.

What is a service contract between a vendor and a client?A written contract between a service provider and a client is known as a service agreement. It outlines the tasks that must be completed and the obligations of both parties in order for the work to be completed and paid for.An agreement between two parties for the exchange of goods or services in exchange for payment is called a vendor contract (sometimes called a vendor agreement). Vendor agreements define the terms of the commercial connection and detail each party's commitments under the agreement.A written agreement known as a "Independent Contractor Agreement" specifies the terms and conditions of the working relationship between an independent contractor and a client, including: An explanation of the services offered. Project or service duration and terms.

To learn more about Business refer to:

https://brainly.com/question/14476382

#SPJ4

The human resource department at a certain company wants to conduct a survey regarding worker benefits. The department has an alphabetical list of all 8266 employees at the company and wants to conduct a systematic sample of size 70. Determine the individuals who will be administered the survey. Randomly select a number from 1 to k. Suppose that we randomly select 5. Starting with the first individual​ selected, the individuals in the survey will be

Answers

A human resource department is the division of a company that is responsible for effectively managing a company's human resources, which are its employees.

What Is a Human Resource Department?

Training and development of employees, who are among a company's most valuable resources, falls within the purview of the human resources department.

The goal of the human resource department, also referred to as human resources (HR), is to guarantee that the company's personnel are efficiently managed, fairly compensated, and trained. Additionally, the department is in charge of benefit administration as well as hiring, firing, and recruitment.

Talent management, pay and benefits for employees, education and training, compliance, and workplace safety. By handling the employee lifecycle well, an HR department can contribute to organisational structure and the capacity to meet business needs. The human resources division handles disciplinary issues or mediates conflicts between employees.

To learn more about human resource department refer to  :

https://brainly.com/question/28154788

#SPJ4

The return that the bondholder will earn on a bond if he or she buys it at its current market price, receives all couponand principal payments as promised, and holds the bond to maturity is the:
a. maturitty rate of return
b. coupon rate
c. realized rate of return
d. yield to maturity

Answers

b

If the purchase price of a bond is equal to its par value, its yield to maturity is also equal to the coupon rate.

The face value of a bond, also known as the stated value of the bond at the time of issuance, is what is known as the bond's par value. The typical par value for bonds is $100 or $1,000.

But a bond's market price is not determined by its par value. Instead, in addition to its par, a bond's market or selling price is impacted by a variety of other variables. These elements consist of the bond's coupon rate, maturity date, current interest rates, and the availability of bonds with higher yields.

The day a bond matures is simply the day the bondholder is reimbursed for their investment in the bond.

To know more about bond please check the following link

https://brainly.com/question/29104590

#SPJ4

Select the item below that is commonly used as collateral by companies when obtaining short term financing.
a. Inventory on hand
b. Venture capitalist
c. Prime percentage rate
d. Certificates of deposit

Answers

The item that is commonly used as collateral by companies when obtaining short term financing : a. Inventory on hand.

The most common types of collateral used for short-term credit are accounts receivable and inventories. Financing through accounts receivable can be done either by pledging the receivables or by selling them outright, a process called factoring in the United States.The bulk of short-term loans do not require collateral. A financial institution called a factor specialises in buying other companies' receivables. Selling off a company's surplus assets is a logical last resort when neither loan nor equity funding can be found to meet its capital requirements.A short-term loan does not need you to provide security, such as a car or piece of property, unlike a secured loan. Low credit score requirements: Short-term loans frequently have less stringent credit requirements than other types of borrowing, making it easier for them to get approved.

To learn more about collateral,visit:

https://brainly.com/question/30019756

#SPJ4

You manage an eCommerce site and are creating new audiences to segment users in ways that are important to your business, like users who’ve made a purchase.
Which of these is an example of a predictive audience?
O You create an audience of users who started checking out but didn’t complete the purchase
O You create an audience of users who made a purchase in the last 30 days
O You create an audience of users who added items to their purchase wishlist
O You create an audience of users who are likely to purchase in the next seven days

Answers

(D) You create an audience of users who are likely to purchase in the next seven days, A predictive audience is one you develop of people who are likely to make a purchase within the following week.

An audience that has at least one condition based on a predicted metric is referred to as a predictive audience. For instance, you might create an audience of people who are most likely to make a purchase in the upcoming week called "likely 7-day buyers." Key Learnings. A target audience is a group of people who have been recognised as potential clients for a company. A target audience is composed of people who have similar demographic characteristics, such as age, geography, or socioeconomic level. Establishing a target audience aids in the development of more effective marketing communications. Your audience is widely defined for marketing purposes as anybody with whom your company and/or brand interacts, either directly or indirectly.

learn more about audience  here:

https://brainly.com/question/27559586

#SPJ4

If an insurer meets the states's financial requirements and is approved to transact business in the state, it is considered what type of insurer?

Answers

If an insurer meets the state's financial requirements and is approved to transact business in the state, it is considered a licensed insurer.

A licensed insurer is a company that has been granted the authority by a state's insurance regulatory agency to sell and underwrite insurance policies within that state. In order to obtain a license, the insurer must meet certain financial requirements, such as having a certain level of capital and surplus, as well as passing background checks on its management and ownership. Once the insurer is licensed, it is subject to ongoing regulation and oversight by the state to ensure that it continues to meet the financial and operational standards required to operate in the state. Additionally, the company must comply with the state's laws and regulations regarding the products it can offer and the rates it can charge.

learn more about licensed insurer here:

brainly.com/question/28212009

#SPJ4

If a transaction decreases cash by $100, the balance sheet will balance if which of the following occurs? (Select all that apply)a. Revenue is increasedb. A liability is decreasedc. Stockholders' equity is increasedd. Another asset is increased

Answers

The balance sheet will be equal if a transaction reduces cash by $100. A burden is reduced as the value of another asset increases. a commercial agreement; a transaction is when something is bought or sold.

A transaction is defined as an agreement that has been formalised between a seller and a buyer to transfer products, services, or financial assets in return for cash. There are several items that constitute transactions since transactions comprise any occurrence that has a monetary impact on your financial records. In your account ledger, examples of accounting transactions include: Cash or credit sales to clients. receipt of payments for bills. purchases of capital goods. An agreement between a buyer and a seller constitutes a transaction. In a transaction, the seller exchanges cash for the provision of products, services, or other financial assets.

learn more about transaction  here:

https://brainly.com/question/24730931

#SPJ4

The following graph shows the economy in long-run equilibrium at the expected price level of 120 and the natural level of output of $600 billion. Suppose the government increases spending on building and repairing highways, bridges, and ports.
Shift the short-run aggregate supply (AS) curve or the aggregate demand (AD) curve to show the short-run impact of the increase in government spending.

Answers

In the following graph, the Aggregate Demand curve shifts to the right.

The total demand for final goods and services in an economy at any given time is known as aggregate demand, or domestic final demand in macroeconomics. Effective demand is a common term used, albeit it is occasionally used differently. This is the demand for a nation's gross domestic product.

Microeconomics is a branch of classical economics that studies how individuals and organisations behave and interact while selecting how to distribute scarce resources.

It assists in creating economic plans that improve output efficiency and raise social welfare. Microeconomics explains how a capitalist economy works, where each unit is allowed to make its own choices.

Learn more about aggregate demand here:

brainly.com/question/29349235

#SPJ4

Which of the following employee benefits has a direct impact on a taxpayer's tax liability?
Federal withholding.
Snacks and drinks available in the breakroom at no charge.
Complimentary parking at the office.
Retirement matching contributions.

Answers

Federal withholding is the employee benefits has a direct impact on a taxpayer's tax liability.

Federal tax withholding is essentially the process by which your company deducts a specific amount from your paycheck for taxes and sends it to the federal government on your behalf.

Everyone who earns money in the good ol' USA is required to pay income tax to the federal government (and your state, if you live in one with a separate income tax).

You must complete a W-4 form whenever you begin a new job or experience a significant life change, such as getting married or having children. This document informs your new employer how much tax withholding to deduct from your paycheck.

To know more about withholding :

https://brainly.com/question/8645019

#SPJ4

2. Anyone who has worked in team situations has discovered that some members of the team work harder than others; nonetheless, the whole team is often rewarded based on the overall results, not individual effort. How could team evaluations be made so that individual efforts could be recognized and rewarded?

Answers

The team evaluations could be done in a way that it is carried out on a weekly or a monthly basis in order to check out the contribution that the people have to the teams/

How could team evaluations be made so that individual efforts could be recognized and rewarded?

There are several ways in which team evaluations could be made so that individual efforts could be recognized and rewarded:

Objectively measure individual contributions: Each team member's responsibilities and tasks should be clearly defined and their progress and performance should be measured objectively. This could be done through regular check-ins, performance reviews, or by tracking specific metrics such as the number of tasks completed or the number of clients serviced.

Peer evaluations: Team members could also evaluate each other's contributions to the team. This could be done through anonymous surveys or by allowing team members to provide feedback on each other's performance during regular team meetings.

Recognize and reward specific achievements: Specific achievements of individual team members should be recognized and rewarded.

Read more on work teams here: https://brainly.com/question/14982604

#SPJ1

When interrogating the construct validity of the dependent variable in an experiment, which of the following questions should be asked?Group of answer choices"How well was this variable controlled by the experimenter?""How well was this variable measured?""How well was this variable manipulated?""How well was this variable explained to participants?"

Answers

The matched matches configuration is the most appropriate to concentrate on that have little example sizes where acquiring adjusted bunches by utilizing irregular distribution alone is more enthusiastic.

Maintaining a free factor and estimating the reliant variable permits specialists to decide whether there are circumstances and logical results connected between them.

In an examination, the autonomous variable is controlled and the impacts are noticed. These noticed impacts are called subordinate factors. They are much of the time the conjectured result of controlling the autonomous variable.

The essential technique that specialists use to allocate subjects to bunches is arbitrary tasks. With irregular tasks, subjects are placed into bunches utilizing an arbitrary technique. Each subject has an equivalent possibility of being doled out to a gathering, and each subject is relegated to each gathering freely of different subjects.

To learn more about Manipulating here

https://brainly.com/question/21583308

#SPJ4

Founders' shares are a type of classified stock where the shares are owner by the firm's founders, and they generally have more votes per share than the other classes of common stock. T/F

Answers

This statement is true: Founders' shares are a type of classified stock where the shares are owner by the firm's founders, and they generally have more votes per share than the other classes of common stock.

When a new business is incorporated, founders shares—cheap common stock—are issued. The initial parties often distribute the shares in proportion to their involvement or investment in the company. However, even though the shares are allotted now, they are not yet vested or held.

In the first four years of a startup company's existence, shares frequently vest monthly. Once an employee has passed the one-year cliff, or been with the company for more than a year, the first 25% of their shares usually vest. The vesting of the shares is terminated when an employee leaves the company.

To know more about stock:

https://brainly.com/question/29992015

#SPJ4

Complete the following definition.
1. supports the incident action planning process by tracking resources, collecting/analyzing information, and maintaining documentation. 2. sets the incident objectives, strategies, and priorities, and has overall responsibility for the incident. 3. ensures that all intelligence/investigations operations and activities are properly managed, coordinated, and directed. 4. conducts operations to reach the incident objectives. establishes tactics and directs all operational resources. 5. monitors costs related to the incident. provides accounting, procurement, time recording, and cost analyses. 6. arranges for resources and needed services to support achievement of the incident objectives.

Answers

The Incident Command System (ICS) is a standardized approach to emergency management. It consists of six key roles that help ensure the most effective and efficient use of resources.

The Incident Commander is the most senior person on the scene of an incident and is responsible for overall incident management. They establish incident objectives, strategies and priorities and have overall responsibility for the incident. The command staff provides support to the incident commander and includes a security officer, an information officer and a liaison officer.

The operations section chief conducts operations to achieve incident objectives, sets tactics, and directs all operational resources. The planning section leader supports the incident action planning process by tracking resources, collecting and analyzing information, and maintaining documentation.

The Logistics Section Chief ensures that all intelligence/investigative operations and activities are properly directed, coordinated and controlled. Finally, the head of the financial/administrative section monitors costs related to the incident, provides accounting, purchasing, timekeeping and cost analysis. These roles work together to ensure the best possible outcome for each incident.

To know more about ICS click here

https://brainly.com/question/29631611

#SPJ4

assuming purchase costs are rising in a periodic inventory system, determine which of the statements below are correct regarding the cost of goods sold under fifo, lifo and weighted average cost flow methods. (check all that apply.) multiple select question. companies using fifo will report the smallest cost of goods sold. companies using fifo will pay higher taxes than companies using lifo, assuming all else being equal. weighted average cost of goods sold will be between fifo and lifo costs of goods sold. companies using lifo will report the smallest cost of goods sold. companies using fifo will report the highest gross profit and net income. need help? review these concept resources. rate your confidence to submit your answer.

Answers

companies using fifo will report the highest gross profit and net income regarding the cost of goods sold under fifo, lifo and weighted average cost flow methods.

What does profit mean?

The money that remains after paying your business expenses is your profit. Gross profit, operating profit, and net profit are the three primary types of profit. The largest profit is gross. The amount left over after paying for the sold goods and services is displayed. Revenue minus expenses equals profit. You deduct some costs from the gross profit. You deduct all costs to arrive at net profit. The path to net profits includes operational and gross earnings.

To know more about profit visit:

https://brainly.com/question/15036999

#SPJ4

Which of the following would describe a legal document which would dictate who can buy a deceased partner’s share of business and for what amount?
A. Key person agreement
B. Split dollar agreement
C. Buy-sell agreement
D. Profit and loss agreement

Answers

The correct answer is Buy-sell agreement would describe a legal document which would dictate who can buy a deceased partner’s share of business and for what amount.

Which of the following would describe a legal document?A Buy-Sell agreement is a legally binding contract between the owners of a business that governs the sale of an owner's interest in the company. This agreement outlines the rights and obligations of the business owners regarding the purchase and sale of an owner's interest in the event of their death, disability, or retirement. The agreement specifies the conditions under which an owner's interest can be purchased, the price at which it will be sold, and the method of payment. It also helps to protect the business, its remaining owners, and the deceased partner's family by ensuring a fair and orderly transition of ownership. It is an essential document for any business with multiple partners.

To learn more about Buy-sell agreement refer to:

https://brainly.com/question/28872736

#SPJ4

assume that the required reserve ratio is 1/5 (or 20%) and that bank z has no excess reserve. if an individual deposits $1,000 cash into her bank account at bank z, what is value of each of the following? (1 point)

Answers

The low reserve tranche and the amount freed from the reserve requirement are... A company may keep that balance on deposit with a Reserve Bank.

Is a 20% reserve ratio necessary?

The ratio between a bank's cash balance at the Federal Reserve and its total deposits can be used to calculate the required reserve ratio. For instance, if a bank is required to store $5,000 in the Federal Reserve and has $100,000 in deposits, its reserve ratio would be 1/20, or 5%.

What occurs when a bank is compelled to maintain a larger cash reserve?

Less money will be available to lend to individuals and businesses if banks are required to maintain larger reserve levels. But after that, the banks will have a source of funding.

To know more about reserve visit:

https://brainly.com/question/30175311

#SPJ4

. what roles do entrepreneurs play in the economy? instructions: in order to receive full credit, you must make a selection for each option. for correct answer(s), click the box once to place a check mark. for incorrect answer(s), click the option twice to empty the box. check all that apply make routine pricing decisions innovate purchase capital create market demand take risks make decisions

Answers

The correct way the entrepreneurs can work are-

Physical capital Human capitalSocial capital

An entrepreneur is a person who has an idea and works to turn it into a good or service that customers will buy, as well as a business to help them in their endeavor. An entrepreneur, who typically assumes the majority of the risk and responsibility for their new company, is regarded as a visionary or an innovator.The definition of an entrepreneur is someone who has the aptitude and motivation to create, manage, and succeed in a startup venture while accepting the risk necessary to do so in order to generate profits. A new business venture being launched is the best illustration of entrepreneurship.

To know more about entrepreneur here

https://brainly.com/question/353543

#SPJ4

a business with a balance sheet showing assets valued at $100,000 and capital valued at $100,000 is in a weak financial positionTrue False

Answers

A business with a balance sheet showing assets valued at $100,000 and capital valued at $100,000 is in a weak financial position because the assets and capital are equal. ---- False

Balance sheet In business  :

Because the company lacks the funds to do so, this indicates that it has no room to borrow money or invest. In the long run, this could be a problem for the company because they might not be able to grow or take on any new projects because they don't have enough money.

In addition, the company may not be able to generate a profit that is sufficient to allow it to continue operating in the long run due to the fact that the money available is already constrained by assets and capital. This could cause issues with cash flow or even result in bankruptcy.

To put it succinctly, a company with a balance sheet showing assets worth $100,000 and capital worth $100,000 should either increase their capital or liquidate some of their assets to have more money available. They will have the funds they need to invest and grow their business as a result of this.

Balance sheet:

As indicated at the top of the statement, a balance sheet provides a summary of a company's assets, liabilities, and shareholders' equity at a particular point in time. One of the fundamental documents in a company's financial statements is this one. The most complete picture of an organization's financial situation is provided by the balance sheet, which is also known as the Statement of Financial Position.

Learn more about balance sheet :

brainly.com/question/29310271

#SPJ4

A manufacturer of cell phone screens has found that 5 percent of all screens produced have defects. Let d p represent the population proportion of all cell phone screens with a screen defect, therefore 0.05 dp . For the sampling distribution of the sample proportion of cell phone screens from this manufacturer with a screen defect for sample size 400, ˆ 0.05 d p. Which of the following is the best interpretation of ˆ 0.05 d p?(A) For a randomly selected cell phone screen from this population, the mean number of screen defects for the selected screen will be equal to 0.05.
(B) For every sample of size 400 from this population, the proportion of cell phone screens with a screen defect will be 0.05.
(C) For all samples of size 400 from this population, the mean number of screen defects for the samples is 0.05.
(D) For all samples of size 400 from this population, the mean of all resulting sample proportions of cell phone screens with a screen defect is 0.05.
(E) For all samples of size 400 from this population, the standard deviation of all resulting sample proportions of cell phone screens with a screen defect is 0.05.

Answers

The correct option in this situation is (C) the mean number of screen faults for samples with a size of 400 from this group is 0.05.

What is the Central Limit Theorem?

The central limit theorem (CLT) in probability theory states that even when separate random variables are added together and appropriately normalized, the resulting total frequently trends toward a normal distribution.

The theorem is a fundamental idea in probability theory because it suggests that many problems involving other types of distributions can be solved using probabilistic and statistical techniques that are effective for normal distributions.

According to the Central Limit Theorem, the mean of the sampling distribution of the sample proportions for a proportion p in a sample of size n is μ = ρ, whereas the standard error is:
[tex][tex]s = \sqrt{\frac{p(1 - p)}{n}}[/tex[/tex]

Since the mean of the sample proportions in this issue is 0.05, or the mean proportion across all samples, the right response is C.

Therefore, the correct option in this situation is (C) the mean number of screen faults for samples with a size of 400 from this group is 0.05.

Know more about the Central Limit Theorem here:

https://brainly.com/question/18403552

#SPJ4

Other Questions
You are Naresh/Neetu. Recently, you came across a newspaper report on the burning of a young woman as her parents could not meet the dowry demands. You feel that even after 60 years of independence we have not really progressed as a nation. Write a letter to the editor of a local newspaper expressing your views and also giving suggestions to improve the status of women in Indian Society. which of the answers below best describes the discussion between maria and oliver? maria and oliver are discussing the ranking of buoyant forces on three different objects. maria and oliver are discussing how to correctly determine the pressure at a particular depth in a fluid. maria and oliver are discussing how to correctly determine the number and magnitude of forces on a volume of water. maria and oliver are discussing whether the bouyant force is influenced by the mass of an object. grade summary deductions 0% potential 100% submissions attempts remaining: 3 (33% per attempt) detailed view Can a graphing calculator be used as a scientific calculator?. What allows communication between the cytoplasm of adjacent cells?. an increased capacity in the area of is characterized by deliberate efforts to manage one's behavior, emotions, and thoughts that lead to increased social competence and achievement. group of answer choices behavior modification self-continuation scheme internalization self-regulation What icon indicated video mode?AvTvThe video camera icon Every mineral has properties that make it unique. Look over theminerals below and match each mineral with its picture andproperties listed below.TalcSulfurFluoriteHalitePyrite Diamond Also 4) green or yellow tone used in toothpaste And 8) taste doesnt leave much streak All of the processes associated with obtaining and processing food, using absorbed nutrients to generate cellular energy, and the elimination of waste, are all described by the term -----------, which includes all of the life-supporting chemical reactions that cells perform Which of the following was TRUE about the British Colonies in North America? how can I improve this collage? When aiding an injured person at the scene of a crash, what should you do? Kayla was asked to rewrite the polynomial expression x2 + 6x + 9 how could she rewrite the polynomial which of the following does not represent a group that participated signicifantly in westward expansion after 1870 What is the writer's main purpose in writing the text *?. which of the following statements best outlines one of the methods required to amend the u.s. constitution?a. A two-thirds vote in both houses of the U.S. Congressb. A two-thirds vote in both houses of U.S. Congressc. A national constitutional convention called by two-thirds of the state legislaturesd. A national convention called by two-thirds of the state legislatures if a dollar currently purchases 12.5 pesos and someone forecasts that in a year it will purchase 14 pesos, then the forecast is given in A book is sitting on the table at rest. The forces acting on the book include _______, and these forces are _______. the nurse is caring for a diverse group of clients. in which client should the nurse assess for an alteration in drug metabolism? u.s. gross domestic product (in contrast to gross national product) measures the production and income of. true or false History taking is key part of each initial consultation. Which of the following is NOT typically included? How the animal is behavingWhat tests are going to be carried outWhat the symptoms areHow the animal is eating and drinkingWhat treatments they are receiving (including non-prescribed)