$400 of additional paid-in capital is deducted.
How is Additional Paid-in Capital Calculated?APIC = (Issue Price – Par Value) x Number of Shares Acquired by Investors is the APIC formula.
Is the additional capital payment a credit or a debit?This indicates that credits would be recorded for any additions to the common stock, preferred stock, or additional paid in capital accounts. Since the account balances are being reduced, the repurchase of shares from shareholders would result in debits to these accounts.
How do I get rid of extra capital paid?If it costs you more to buy back the shares of your company than you received when you sold them, you can use the paid-in capital reduction option to buy back the shares. For instance, if you sold 100 shares at $8 each, you got $800 from the transaction.
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many low-income households use supplemental nutrition assistance program (snap) debit cards to purchase household items such as detergents and soaps.
The statament that Many low-income households use supplemental nutrition assistance program (snap) debit cards to purchase household items such as detergents and soaps is false.
What is supplemental nutrition assistance program?The Supplemental Nutrition Assistance Program (SNAP) can be described as the largest federal nutrition assistance program which can be seen as the program that provides benefits to eligible low-income earners.
It should be noted that those that are found eligible, will receive SNAP benefits on an Electronic Benefit Transfer (EBT) card, and the process can be seen to operate like that of the debit card, however the Benefits are automatically loaded intothe account of the beneficiary each month. and one can actually can use your EBT card to buy groceries at authorized food stores and retailers.
Therefore, the above statement is not true .
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complete question
TRUE OR FALSE many low-income households use supplemental nutrition assistance program (snap) debit cards to purchase household items such as detergents and soaps.
The financial statements of XCorp include income statements that detail its earnings and expenses. Accounting requirements include setting aside funds that will be needed to pay for retirement benefits. How does that requirement affect the numbers on XCorp's income statement?
Accounting requirements include setting aside funds that will be needed to pay for retirement benefits. Meeting the requirement lowers the company's reported income.
The amount set aside for retirement benefits are that amount which was earlier considered as profit. However, keeping aside that amount would decrease the profit. Hence, lowering company's reported income.
Retirement benefits- Employees' leave encashment (the ability to accumulate leaves and exchange them for cash upon retirement), retirement gratuity, and the amount they contributed to their provident fund account throughout their service are the primary retirement benefits.
Retirement benefits are benefits payable to a pension scheme member upon retirement or earlier withdrawal from service, such as retirement pensions; retirement lump sums or gratuities; and benefits payable following the member's death in retirement (such as dependents' pensions).
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there was no very great change in the standard of life of the average man living in the civilised centres of the earth. ups and downs certainly. visitations of plague, famine, and war. golden intervals. but no progressive, violent change. some periods perhaps 50 per cent better than others - at the utmost 100 per cent better - in the four thousand years which ended (say) in a.d. 1700.
Prior to the Protestant Reformation, which began in the 1500s, there were three significant disasters:
It is the term used historically to describe a widespread famine in Northern Europe. Although the situation had been dire since 1314, the loss of crops brought on by unfavourable weather in the spring of 1315, was serious in the winter of 1315–1316, and continued until the summer of 1317. In England, the situation did not improve until 1320 or 1322.The winter of 1317–1318 was disastrous for the flocks, costing many heads of cattle. In 1318, a rinderpest outbreak broke out, and it persisted until 1320.The 1319 harvest was strong, but the 1320s and 1320s were even better than the previous decade due to unfavourable meteorological circumstances. Small-scale, localized famines were common in the Middle Ages.
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which of these is a negative impact of lobbying
The drawback of lobbying is that those with money get an advantage over others.
It is well known that individuals or interest groups use lobbying as a strategy to try to sway judgments. It frequently occurs in most political structures. Some wealthy groups may push for certain choices to be made in their favor. The majority of the time, those who can afford to buy their way through are the ones who get an advantage in lobbying.
A crucial instrument for efficient government is lobbying. Without it, it would be challenging for governments to balance the many, divergent interests of their citizens. Fortunately, lobbying offers people access to politicians, acts as a platform for education, and leverages the strength of numbers to advance small-group goals.
Complete question:
Which of these is a negative impact of lobbying?
A - It makes businesses too transparent.
B - It favors groups over individuals.
C - It enables outsiders to influence lawmakers.
D - It offers advantages to those with money.
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Which of the following information is most likely to be included in a job specification rather than a job description? a. mental skills required for a job b. working conditions c. responsibilities associated with a job d. tasks to be performed e. education qualification required fora job
Responsibilities associated with job is most likely to be included in job specification rather than job description.
What is job description?A job description, or JD, is a narrative in writing that outlines the fundamental responsibilities and related tasks of a position. It may include details such as the credentials or abilities required for the post, information on the tools, equipment, and work aids used, working conditions, physical demands, and a wage range. It may also include information about the functionary to whom the position reports. Torrington asserts that a job analysis, which is looking at the tasks and sequences of actions required to carry out the work, is typically the first step in creating a job description. A job typically consists of numerous roles. Although the person/job specification can be presented as a separate document, in reality it is typically part of the job description.
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the fha increases access to home ownership by insuring mortgages and protecting lenders from financial loss in the event of a default.T/F
This is accurate since FHA-approved lenders across the US and its territories offer mortgage insurance on loans for single-family, multifamily, mobile home, and hospital properties.
What does finance mean to a business?It makes reference to the entire quantity of cash and credit that a corporation has employed. In adding to the purchase of property, services, & raw materials, business finance is required for all other economic activities. In particular, it is required for completing out any and all business processes.
Why is money significant?Funds topics are the main subject for financial research. It's a important component for everybody or any organization. Due to the fact that all businesses must generate income in order to live, it is essential to a firm. As a result, it is viewed as a specialized industry needing skilled workers.
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________ involves placing ads in social network newsfeeds or within traditional editorial content, such as a newspaper article.Native advertisingLead generation marketingDemand prediction softwareCrowdsourcingBehavioral targeting
Native advertising involves placing ads in social network news feeds or within traditional editorial content, such as a newspaper article.
Native Advertising :
A style of advertising that complements the look and feel of the platform where it appears is known as native advertising, sometimes known as sponsored content. It frequently takes the form of a video, essay, or editorial and behaves much like an advertorial. By synchronizing advertisements with digital content, native advertising systems provide a means for publishers and advertisers to achieve their advertising objectives. A native advertisement doesn't look like an advertisement. Instead, it seems to be a seamless component of the user's site content.
What Makes Native Advertising Successful?Because native advertisements are typically more favorably regarded by their target audiences, they have proven to be very successful. People are more likely to view them as they don't "feel" like ads.
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TRUE/FALSE when a bank receives additional deposits, it gains an equal amount of reserves; when it loses deposits, it loses an equal amount of reserves.
When a financial institution gets extra deposits, it profits an identical quantity of reserves; whilst it loses deposits, it loses an identical quantity of reserves.True.
The required details about Reserves is mentioned in below paragraph.
A reserve can seem in any element of shareholders' equity besides for contributed or simple percentage capital. In nonprofit accounting, an "running reserve" is the unrestricted coins reachable to be had to preserve an organization, and nonprofit forums typically specify a goal of preserving numerous months of running coins or a percent in their annual income, referred to as an Operating Reserve Ratio.
There are unique styles of reserves utilized in economic accounting like capital reserves, sales reserves, statutory reserves, found out reserves, unrealized reserves.
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According to Wikipedia, "Cross-docking is a practice in logistics of unloading materials from an incoming semi-trailer truck or railroad car and loading these materials directly into outbound trucks, trailers, or rail cars, with little or no storage in between." What are some advantages of cross-docking? (check all that apply) A. It reduces inventory costs by reducing storage time B. it often allows products to reach the customer faster C. It reduces warehousing costs D. it often requires a large transport fleet
Option B is correct. The advantage of cross-docking is it often allows products to reach the customer faster.
Cross-docking is a logistics technique where items are sent straight from a manufacturer or mode of transportation to the customer or another mode of transportation with little to no storage in between. This can be done in order to switch the mode of transportation, sort the material into different destinations, or put materials from various origins into transport vehicles (or containers) that are headed in the same or comparable directions.
In a distribution docking terminal, which typically has trucks and dock doors on two sides (inbound and outbound) with little storage space, cross docking occurs.
Cross-docking is the process of moving cargo from one transport vehicle directly onto another in the LTL trucking industry, with little to no warehousing. Staging areas may be used for cross-docking operations in retail.
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Peach's Peanut Butter Company sells 5,000 jars of peanut butter at a price of $5 per jar. Their explicit cost is $14,000. The owner's capital would earn $1,000 if invested elsewhere and the owner would earn $10,000 working somewhere else. Calculate each of the following. Show your work. a. Total revenue. b. Implicit cost. c. Accounting profit. d. Economic profit.
The presented statement states that the overall revenue was $25,000, the main costs was $3,000, the profit was $11,000, and the profitability was $8,000.
What does the term "company" mean?A group of individuals can form a legal entity called a corporation to carry out again and control a business activity, whether it's corporate or industrial. A company may be set up in a number of ways for tax and financial responsibility purposes, according to this country's corporate laws.
Briefing:Quantity sold = $5,000
Price = $5
Explicit cost = $14,000
Opposite cost = $1000 + $10,000
= $11,000
a). Total revenue = P * Q
= $ 5 * $5000
Therefore total revenue is $25,000
b). Implicit costs = Explicit cost - Opposite costs
= $3000
c). Accounting profit is calculated as Net Income - Explicit Costs.
= $25,000 - $14,000
= $11,000
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A client erroneously recorded a large purchase twice. Which of the following internal control measures would be most likely to detect this error in a timely and efficient manner?a) Footing the purchases journalb) Reconciling vendors' monthly statements with subsidiary payable ledger accountsc) Tracing totals from the purchases journal to the ledger accountsd) Sending written quarterly confirmation
The answer of the given question is option b which is Reconciling vendor's monthly statement with subsidiary payable ledger accounts.
The general ledger for accounts payable is the ledger account in which the totals of all business dealings with suppliers, such as purchase invoices and returns, payments to suppliers, and trade and settlement discounts, are recorded. At any given time, the balance of the general ledger account should accurately reflect the total sum owed to suppliers.
The general ledger's accounts payable subledger is an addition where supplier-level processing of transactions is done. The subledger can be used to generate a list of outstanding balances by supplier, and theoretically, the sum of this list should match the balance of the accounts payable general ledger account. This demonstrates the validity, accuracy, and completeness of the accounts payable
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select all that apply planters corp. has an account that was written off in april. in the following month, planters believe that the amount would be collected from the customer in full. the entry to reinstate the account would require (select all that apply.) multiple select question. debit to accounts receivable. credit to allowance for uncollectible accounts. credit to accounts receivable. debit to bad debt expense. debit to sales returns and allowances.
The entry to reinstate account would require debit to accounts receivable.
What are accounts receivable?A company's legally enforceable claims on payment for goods delivered or services provided that clients have requested but have not yet paid for are referred to as "accounts receivable." Money due to the company by third parties is referred to as accounts receivable on a company's balance sheet. Account receivables are classified as current assets if they are payable within a fiscal or calendar year. To record journal entry for sale on account, you must debit receivable and credit revenue account. One creates a journal entry that debits cash and credits receivables when a customer pays their account. On the trial balance sheet, accounts receivable frequently displays a debit as its ending amount.
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Which of the following is true about Good J?
which of the following would result in the greatest rightward shift of the demand curve for good J?
good j is a normal good. good j is a normal good. good j's demand is elastic. good j's demand is elastic. good j is an inferior good. good j is an inferior good. good j is a complement in consumption to good y. good j is a complement in consumption to good y., good j is a substitute in consumption to good z.
Goods J and Y are substitutes since the cross-price elasticity with respect to good Y is positive.
Therefore, a 10% increase in the price of good Y will shift the demand for good J to the right by 20% (=% change in the price of good Y × cross-price elasticity with respect to good Y =10%×2).
A temporary shortage occurs at the original equilibrium price. Suppose the market for a good is characterized by a falling demand curve and a rising supply curve. If the price of one of the complements falls, demand for the good increases. As the price of a good's complement increases, the demand for that good decreases. As income increases, demand for ordinary goods increases.
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in the beer-making process, what is wort? group of answer choices the grain residue after the barley (or other grain) is heated in a mash tun. the mash of barley (or other grains) and hops to which adjunct is added the ale residue that remains in a keg after it has been drained the lager that is the result of the brewing process
The leftover grains from heating the barley in the mash tun.
Hence, option A is correct.
Wort is a "beer starter" made of water, or unfermented beer, and malt extract (from barley mash). It is the liquid obtained from the mashing process and collected during the brewing of beer.
While hopped wort is referred to as "hopped wort," unhopped wort is known as "sweet wort."
There is a plant that grows in the wild, has been used for centuries for mental health conditions. It's widely prescribed for depression in Europe.
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When a party receives a negotiable instrument as a gift, the party will be a holder instead of a holder in due course. 1) True 2) False
When a party receives a negotiable instrument as a gift, the party will be a holder instead of a holder in due course is true.
What does "gift" actually mean?A gift is actually defined as the sharing of something without the expectation of compensation. A gift is meant to be given freely, even though there may be an expectation of reciprocity.
What makes a present important?Gifts are given not just for special occasions but also whenever you want someone to be joyful. In today's society, giving gifts is customary in all relationships. Gift giving is something that nobody anticipates, and when you receive a gift unexpectedly, your delight or excitement are elevated to a whole new level.
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aldorf company has two sources of funds: long-term debt with a market and book value of $5 million issued at an interest rate of 12%, and equity capital that has a market value of $4 million (book value of $2 million). waldorf company has profit centers in the following locations with the following operating incomes, total assets, and current liabilities. the cost of equity capital is 12%, while the tax rate is 25%.
Economical value added are 163730, 67790 and 207180.
Calculation of Ke i.e., cost of equity
Given 12%
Calculation of Kd i.e., cost of debt
Kd = YTM (1-Tax rate)
= 12% (1-25%)
= 9%
Type of security Amount weight cost of capital weighted cost
Equity 4 0.44 12% 5.33%
Debt 5 0.56 9% 5%
9 WACC 10.33%
Division Operating Less tax NOPAT Asset Invested EVA
S 480000 120000 360000 2000000 100000 163730
C 600000 150000 450000 4000000 300000 67790
W 1020000 255000 765000 6000000 600000 207180
WACC- The weighted average cost of capital (WACC) is the average interest rate charged by a company to finance its assets. It is calculated by averaging the interest rates of all of the company's capital sources (both debt and equity), weighted by the proportion of each component.
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the correlation between asset a and asset b is 0. which of the following statements is true?there is no diversification benefit in combining the two assets in a portfolio.there are diversification benefits in combining the two assets in a portfolio.all risk averse investors will want to invest in a only.all risk averse investors will want to invest in b only.
The statements which are true are -there is no diversification benefit in combining the two assets in a portfolio. there are diversification benefits in combining the two assets in a portfolio.
A portfolio is a compilation of substances that exemplifies your beliefs, talents, qualifications, schooling, training, and studies. It offers a perception into your character and work ethic. Portfolios offer you with a private report of your success or development in more than a few regions. they're important and relevant on your personal and professional development. Your private portfolio is a compilation of relevant work samples and documents collected all through your school years and supplied in a dependent way. The photographer has an outstanding portfolio that holds an collection of pix he has taken in his profession.
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the early years of marriage (eym) project directed by terri orbuch demonstrated that the in which couples conduct their relationships may have substantial effects on the outcomes they encounter.
True, The EYM project directed by Terri Orbuch demonstrated that the in which couples conduct their relationships may have substantial effects on the outcomes they encounter.
EYM marriageThe Early Years of Marriage (EYM) Project's goal were to ascertain how the early stages of marriage differ between Black couples and White couples in terms of their effects on each other's mental and physical health, marital stability, long-term marital outcomes, family life patterns, and how individuals who experience divorce adjust to the disruption of their families. With 373 newlywed couples—199 Black couples and 174 White couples—the EYM Project got its start in 1986. All of the unions were between members of the same race, and it was both partners' first union.
Explanation
Orbuch's research found that couples who were more open and communicative in their relationships tended to report higher levels of marital satisfaction than those who were more closed off and lacked communication. Additionally, Orbuch found that couples who took time to listen to each other's perspectives and engage in activities together reported increased levels of intimacy. Orbuch concluded that couples who are able to communicate openly, respectfully, and frequently, as well as engage in activities together, are more likely to report higher levels of marital satisfaction and intimacy.
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Chinese firms wishing to purchase American goods and services are ___ in the foreign exchange market.Group of answer choices
suppliers of yuan
supplied Yuan by the Fed for use
suppliers of U.S. dollars
demanders of Yuan
Chinese firms wishing to purchase American goods and services are suppliers of U.S. dollars in the foreign exchange market.
Where do foreign exchange funds come from?
Banks, forex dealers, business entities, central banks, asset management companies, hedge funds, small-time forex dealers, and investors are all participants in the foreign exchange markets.
The market's primary purposes are to: (1) make currency conversion easier; (2) offer tools to manage foreign exchange risk (like forward exchange); as well as (3) permit investors to engage in profitable market speculation.
Therefore, suppliers of U.S. dollars are services in the foreign exchange market.
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which one of the following is not a withdrawal option for a mutual fund owner, who has a minimum nav of $5,000?
None of the Above. A mutual fund owner typically has access to a variety of withdrawal options, including direct deposit, check, and wire transfer.
However, the minimum NAV (net asset value) of the mutual fund must be considered when choosing a withdrawal option. If the minimum NAV of the mutual fund is $5,000, then none of the above options would be available.
Net asset value, or "NAV," of an investment company is the company's total assets minus its total liabilities. For example, if an investment company has securities and other assets worth $100 million and has liabilities of $10 million, the investment company's NAV will be $90 million.
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A company had a choice of three investment schemes. Option I gives a sure $30,000 return on investment. Option II gives a 50 percent chance of returning $50,000, and a 50 percent chance of returning nothing. Option III gives a 10 percent chance of returning $100,000 and a 90 percent chance of returning nothing. Which option should the company choose?
A company had a choice of three investment schemes. Option I gives a sure $30,000 return on investment. Option II gives a 50 percent chance of returning $50,000, and a 50 percent chance of returning nothing. Option III gives a 10 percent chance of returning $100,000 and a 90 percent chance of returning nothing. All of the above answers are correct.
Collective investment schemes are frequently referred to as "funds," "mutual funds," and "investment funds." They invest in securities such as bonds, equities, or cash. The complete holdings of the fund are referred to as a portfolio, and a certified fund manager is in charge of managing it. Your money is dispersed throughout the entire portfolio of assets held by the fund along with the money of other participants. The number of units you own in a fund determines how much of the fund's total assets—including any potential income and capital growth—you really own. Each unit represents one dollar invested in a fund. The values of these units fluctuate since the underlying value of the assets and the fund's overall value are cyclical.
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Which of the following statements is most consistent with the author's argument in this passage?
This assertion is most consistent with the author's claim in this passage: Ignoring liberty would put an end to both freedom and equality.
Individual independence is referred to as liberty, whereas treating everyone equally is referred to as equality. Freedom and equality go hand in hand.
Equality limits personal freedom, according to Lord Acton: "The zeal for equality has made worthless the hope for liberty." Everyone's freedom will be restricted if everyone is viewed as equal in the eyes of the law and equality is created in the economic sector.
The principle of equal liberty is the cornerstone of liberalism and socialism. The notion that everyone deserves the most freedom possible, so long as that freedom does not interfere with the freedom of anyone else, can be summed up in this way. Numerous thinkers have conveyed this idea in a variety of ways.
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marginal, or incremental revenue is the change in revenue that occurs when there is a small change in output. True or False
The given statement " marginal, or incremental revenue is the change in revenue that occurs when there is a small change in output." is TRUE
The revenue resulting from an additional sales quantity is referred to as incremental revenue. The revenue generated by two various strategies is analyzed and compared using the incremental revenue. It is measured in relation to a baseline level of revenue that has been established. To determine the financial impacts of changes in liabilities and revenue, a baseline revenue level is used as a comparison.
The formula is : Incremental Revenue = No. of Units x Price per Unit
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Lavazza Coffee offers to sell Food Town fifty bags coffee beans. Food Town rejects the offer. The offer is a. terminated. b. valid for a reasonable time to give Food Town a "second chance." c. valid until Lavazza revokes the offer. d. valid for the period of time prescribed by a state statute.
Lavazza Coffee offers to sell Food Town fifty bags coffee beans. Food Town rejects the offer. The offer is terminated.
The investigation of the functioning of the offer and acceptance is a conventional technique in contract law since they are usually acknowledged as necessary conditions for the formation of a contract. The offer and acceptance formula, which was created in the 19th century, pinpoints the point at which the parties come to an agreement. Developments in the law of estoppel, deceptive trade practises, false statements, unjust enrichment, and the power of acceptance have altered the traditional method of contract creation.
According to Treitel, an offer is "an expression of readiness to contract on specific terms, made with the idea that it shall become enforceable upon acceptance by the person to whom it is directed, the "offeree," or upon receipt of acceptance by the offeree."
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a company has determined that if its computer-based manufacturing machinery is not functioning for 12 consecutive hours, it will lose more money than it costs to maintain the equipment. which of the following must be less than 12 hours maintain a positive total cost of ownership?
Recovery time objective (RTO) must be less than 12 hours maintain a positive total cost of ownership, for computer-based manufacturing.
Recovery time objective (RTO) seems to be the maximum desirable length of time permitted between an unanticipated breakdown or catastrophe as well as the restoration of normal manufacturing condition or service levels. The recovery time objective specifies the moment in time following a breakdown or disaster where the implications of the interruption are intolerable. Recovery by a particular date is not required by RTOs. The goal of the RTO may not be accomplished, however the importance of the exercise is now in the expectation and resulting pre-planning.
An RTO's main objective is to calculate how long it will take for normal business operations to restart following a massive incident. The RTO process begins with a thorough inventory of all systems and applications that are crucial to corporate operations.
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percy is buying a home with an fha loan. he uses the to borrow enough money to cover the cost of replacing most of the windows in the home, which will improve its energy usage by 15%.
percy is buying a home with an fha loan. he uses the to borrow enough money to cover the cost of replacing most of the windows in the home, which will improve its energy usage by 15%. With a purchase money mortgage, the seller is the mortgagee and the buyer is the mortgagor.
A loan occurs when one party pledges to repay another party's money plus interest. A person, business, or nation will apply for a loan from a lender with the promise to repay it with interest and within a certain time frame. The cost of the loan is determined by the interest paid. Borrowing money is equivalent to taking out a loan. When one party receives money from another and agrees to repay it with interest, the amount received is referred to as a loan. A person, business, or nation will apply for a loan from a lender with the promise to repay it with interest and within a certain time frame. The cost of the loan is determined by the interest paid.
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the company has one office worker who earns $600 per week, or $31,200 per year, and four sales clerks who each earn $500 per week, or $26,000 per year for each salesclerk.
The company has one office worker who earns $600 per week, or $31,200 per year, and four sales clerks who each earn $500 per week, or $26,000 per year for each salesclerk is $31,510.00.
"Financial Disclaimer: The information on this site is for your information only and is not a substitute for professional financial advice."
In order to make an informed decision as to whether dept. 200 should be closed or not, prepare the below analysis:
Solution 1:
Elegant Decor Company
Analysis of Expenses under elimination of Department 200
Particulars Total Expenses Eliminated Expenses Continuing expenses
Cost of good sold $469,000.00 $207,000.00 $262,000.00
Direct Expenses:
Advertising $29,000.00 $12,000.00 $17,000.00
Store supplies used $7,800.00 $3,800.00 $4,000.00
Deprectiation - Store Equipment $8,300.00 $0.00 $8,300.00
Allocated Expenses:
Sales Salaries $104,000.00 $36,400.00 $67,600.00
Rent Expense $14,160.00 $0.00 $14,160.00
Bad debts expense $18,000.00 $8,100.00 $9,900.00
Office salary $31,200.00 $15,600.00 $15,600.00
Insurance Expense $3,100.00 $770.00 $2,330.00
Miscellenous office expense $4,000.00 $400.00 $3,600.00
Total Expenses $688,560.00 $284,070.00 $404,490.00
Solution 2:
Elegatn Décor Company
Forecasted annual income statement
Under plan to eliminate Department 200
Particulars Amount
Sales $436,000.00
Cost of goods sold $262,000.00
Gross Profit $174,000.00
Operating Expenses:
Advertising $17,000.00
Store supplies used $4,000.00
Deprectiation - Store Equipment $8,300.00
Sales Salaries $67,600.00
Rent Expense $14,160.00
Bad debts expense $9,900.00
Office salary $15,600.00
Insurance Expense $2,330.00
Miscellenous office expense $3,600.00
Total operating expenses $142,490.00
Net Operating Income $31,510.00
Solution 3:
Elegant Décor Company
Reconciliation of combined income with forecasted income
Particulars Amount
Combined Net Income $37,440.00
Add: Dept 200's eliminated expenses $284,070.00
Less: Dept 200's lost sales -$290,000.00
Forecasted net income $31,510.00
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match the method of cost allocation to the nature of the asset being expensed over a specific time period.
Depreciation - Real estate and tangible personal property (except land). Amortization - Intangible assets. Depletion - Natural resources. The income statement for almost every business includes depreciation.
Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much of an asset's value has been used is shown through depreciation. It enables businesses to purchase assets over a predetermined length of time and generate income from those assets. Subtract the asset's cost from its salvage value (what you anticipate it to be worth at the end of its useful life) to determine depreciation using the straight-line technique. The amount that can be depreciated, or the depreciable basis, is the outcome. Subtract this sum from the asset's useful life, which is measured in years. The tractor would depreciate by $5,000 annually under the straight line depreciation technique, amounting to a total of $20,000 in accumulated depreciation. It is regarded as a fully-depreciated asset once the book value reaches the original salvage value. Divide net price (buy price minus salvage price) by the asset's number of usable years to get depreciation on a straight-line basis. Depreciation is used to accurately reflect the value of assets on the books. As assets are used up each year, their values are deducted from the balance sheet and charged to expenses.
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Janelle earned a salary of $40,000 in 1996 and $65,000 in 2006. The consumer prive index was 160 in 1996 and 266 in 2006. Janelle's 1996 salary in 2006 dollars is
A. $24,060.15
B. $42,400
C. $43,655.17
D. $66,500
The correct answer is (D) : $66,500.
Janelle earned a salary of $40,000 in 1996 and CPI in 1996 is 160
In order to calculate Janelle's 1996 salary in 2006 dollars we have to equate real 1996 salary in Year 1996 and Year 2006.
Janelle earned a salary of $40,000 in 1996 is 160
Formula : Real Salary = Amount of Salary / CPI
=> Real Salary in 1996 = 40,000 / 160
Let Her salary is 2006 dollars be X
=> Her 1996 real salary in 2006 = X/266
Now equation these real salary we get
40,000 / 160 = X/266
=> X = $66500
So, Her 1996 salary is 2006 dollars $66500
Hence, the correct answer is (D) $66,500
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Athlete signs contract whereby his salary increase are renegotiated every three years
Athlete signs contract whereby his salary increase are renegotiated every three years on fixed Interval.
What is contract?
A contract is an agreement between parties that establishes legal duties for both parties. The fundamental components necessary for the agreement to be a valid offer and acceptance, adequate consideration, capacity, and legality are mutual assent, expressed through a contract-compliant offer.
Which three contracts are they?
A contract's three fundamental components are the offer, acceptance, and consideration. The agreement between the parties serves the function of the offer and acceptance. A public relations company offers a potential client its services.
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