Accounts which are affected while recording an adjustments for the use of equipment during the current accounting period are Depreciation expense and accumulated depreciation.
Depreciation expense is the amount lost from a company's assets over a specific time period (such as a quarter or a year), whereas accumulated depreciation is the total loss up to that point.
What is Depreciation expense and accumulated depreciation?
Depreciation is a type of accounting item that shows how much an asset costs less over the course of its useful life.The cost of an asset that has been depreciated for a particular period, or period, is known as depreciation expense, and it indicates how much of the asset's worth was used up in that year.The total amount of depreciation expense that has been assigned for an asset since it was first used is known as accumulated depreciation.Depreciation expense is recorded as a non-cash expense on the income statement, which lowers the company's net profits.The balance sheet's counter asset account records accumulated depreciation, which lowers the reported gross value of fixed assets.To learn more about Depreciation expense and accumulated depreciation visit:https://brainly.com/question/17317273
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A job shop is generally associated with high volume production. A job shop is generally associated with high volume production. true false
A job shop is generally associated with high volume production. A job shop is generally associated with high volume production.
The given statement is False.
What is volume production?
Volume of production is the percentage of a production period's average volume of the affected commodity produced by those on the list of affected parties or producers.The accomplished actual overhead expenses per unit are contrasted with the anticipated or planned cost per item. The following is the formula for the variance in production volume: Production volume variance is calculated as follows: actual production volume minus budgeted production volume x budgeted overhead rate per unit.The production volume variance counts the units produced while taking into account the overhead. It is the product of the budgeted overhead rate multiplied by the difference between the actual number of units produced during a period and the number of units that should have been generated according to the budget.To learn more about volume production visit:https://brainly.com/question/13749626
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On june 1, pizza company paid $100 for advertisements to be run on june 1. pizza company's entry to record this payment will include a $100 ______. (check all that apply.)
on june 1. pizza company's entry to record this payment will include a $100 payment to advertisement company as
DR Marketing expense $100
CR Cash $100
What is Advertisement?Advertisement is the announcement of the products or services of a company. This expense is recorded as marketing expense in the company accounts. There are many types of marketing expenses and so the company bears this expense to increase the revenue.
The double entry for the advertisement expense is Marketing expense to be debited and cash is to be credited on the other side of the double entry. This creates a positive balance in the Marketing expense account and creates a negative balance in the cash account. The transaction is for $100 and so the cash is reduced by $100.
DR Marketing expense $100
CR Cash $100
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Which of the
following is NOT
associated with
Macroeconomics
?
A. A nation's GDP
B. Unemployment
C. Inflation
D. Individuals
Answer:
The option A is correct
Explanation:
The adjusting entry required to record accrued expenses includes? a credit to cash. a debit to an asset. a credit to an asset. a credit to liability.
The accountant must debit and increase an expense and credit and increase a liability in order to record accrued expenses. A charge that has been incurred but not yet been recorded or paid is known as an accrued expense.
In other words, a company's obligation to pay for goods and services that have been provided but for which invoices have not yet been received is represented by accrued liabilities, which are liabilities that reflect expenses that have not yet been paid or logged under accounts payable during an accounting period.
The most frequent accrued expenses that businesses owe are salaries, rent, and interest. On the other hand, accounts payable represent money owed to creditors, such as suppliers for products and services that were financed. Occurrence: Accrued expenses, like rent and loan interest payments, frequently occur.
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The portion of the obama stimulus package that increased spending is best thought of as?
The portion of the obama stimulus package that increased spending is best thought of as Nondiscretionary fiscal policy
Nondiscretionary fiscal policy refers to measures incorporated into the system to enable the automatic application of an expansionary or contractionary stimulus. The built-in policies are welfare, a progressive income tax, and unemployment insurance.
Unemployment compensation is a common instance of nondiscretionary fiscal policy. In times of economic slowdown when there are more unemployed people, the payments inevitably rise. When the unemployed return to work as a result of an economic recovery, the payments inevitably decline. Referring to a purchase that you make that is deemed vital, like food or rent: Non-discretionary products like food and petrol have seen a dramatic increase in price.
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What is the term used to describe the possibility that a foreign currency will decrease in u.s. dollar value over the life of an asset such as accounts receivable?
The term used to describe the possibility that a foreign currency will decrease in u.s. dollar value over the life of an asset such as accounts receivable is know as currency risk.
Foreign exchange risk (also known as FX risk, foreign exchange risk, or currency risk) is the financial risk that exists when financial transactions are conducted in a currency other than the company's local currency. Exchange rate risk arises when there is a risk of adverse changes in the exchange rate between the local currency and the designated currency prior to the closing date of the transaction[1][2].
Foreign exchange risk also exist if the company's foreign subsidiaries maintain their financial statements in a currency other than the company's home currency.
Investors and companies that import or export goods or services or invest abroad are subject to exchange rate risk, but steps can be taken to manage (mitigate) that risk.
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To reduce the risk of chronic disease, help prevent weight gain, and help sustain weight loss, myplate recommends at least ________ of moderate activity per week.
'To reduce the risk of chronic disease, help prevent weight gain, and help sustain weight loss, MyPlate recommends at least 2 hours and 30 minutes of moderate activity per week.
Chronic disease is a condition or disease whose effects are persistent or long-lasting, or a disease that develops over time. The term chronic is often used when the course of the disease lasts he more than 3 months.
Chronic illness is broadly defined as a condition lasting more than a year that requires ongoing treatment, limits activities of daily living, or both. Chronic diseases such as heart disease, cancer and diabetes are leading causes of death and disability in the United States.
Chronic diseases have their own symptoms, but they can also cause invisible symptoms such as pain, fatigue, and mood disturbances. Pain and fatigue can become part of everyday life. In addition to illness, there are other things to be aware of, such as medication and exercise.
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How would you classify a leader who has certainn rights ad ;rivledges that allow him or her to reward or discipline?
A casual leader: does no longer get hold of a title however is perceived by others as a frontrunner. - Formal leaders should act in the great pastimes of the agency and have certain rights and privileges that permit them to praise or subject employees.
A leader is a person who evokes ardour and motivation in fans. a leader is someone with a imaginative and prescient and the path to knowing it. a pacesetter is someone who guarantees their crew has support and gear to obtain their goals.
Leaders make sure that each one followers recognize, embody, and paintings in the direction of achieving the ones targets. and they offer momentum, sharing and celebrating development closer to accomplishing organisation dreams, setting new targets, and providing wished assets
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If inventory is being valued at cost and the purchase price is steadily falling, which method of costing will yield the largest net income?
If inventory is being valued at cost and the purchase price is steadily falling, first-in, first-out method of costing will yield the largest net income.
Profits is the consumption and saving possibility received by using an entity inside a unique timeframe, that's usually expressed in monetary phrases. profits is difficult to define conceptually and the definition can be different throughout fields.
The term “income” commonly refers to the quantity of money, assets, and other transfers of fee obtained over a hard and fast time frame in alternate for services or products. there's no unmarried, standard definition: earnings is defined in line with the context in which the concept is used.
Income is money that an individual or business gets in alternate for presenting exertions, producing an amazing or provider or making an investment capital.
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The earned value system starts with the time-phased costs that provide the project baseline, which is called the:_______
The earned value system starts with the time-phased costs that provide the project baseline, which is called the: planned budgeted value of the work scheduled (PV).
The expected Value (PV) is the planned cost of the intended work to be performed. This is the portion of the project budget that is expected to be spent at any given time. This is also known as Budgeted Planned Expenses (BCWS). Actual Cost (AC) is simply the amount spent on work done.
Earnings Value Analysis (EVA) seems like a fascinating technique to use in projects to better understand and manage performance. Companies that capture the earned value prepare the procedures and can provide basic training. Project managers are then asked to begin using the earned value, with management hoping for improved project outcomes soon. Usually, about a year later, the reality begins. No improvement was achieved, project management costs increased and people complained about all the “extra paperwork”.
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The sale or transfer of goods ordinarily held for sale in course of business is goverend by the?
The sale or transfer of goods ordinarily held for sale in course of business is governed by the Uniform Commercial Code.
Whilst a shop lowers its charges via a sale, though, customers are more willing to buy due to the fact they recognize they're now not set as a whole lot of money on the line. extra often than not, customers who like the stuff they buy on sale will turn out to be coming lower back to shop for it once more, despite the fact that it's not priced at a reduction.
The important thing for a retailer is the gross income margin: the percentage of revenue left over from the sale of a product after subtracting the fee of that product – which includes the production, transport, packaging, and different work that goes into it.
A clearance is a unique sort of sale that could appeal to extra customers than traditional sales. this is due to the shop seeking to take away positive items for one cause or any other. the store is probably going out of business, the objects are going out of season, or there is not sufficient room in the shop for new gadgets.
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Which of the following statements correctly define(s) profit margin? (Check all that apply.)
The statements that correctly define profit margin are:
Profit margin is the ratio of a business's net income to its net sales.
Profit margin is a useful measure of a business's operating results.
Profit margin is also called return on sales.
Profit margin is the amount of revenue received on a sale
What is profit margin?Profit margin is a type of profitability ratio. Profitability ratio measure the efficiency of a firm in generating profits from its assets.
Profit margin is used to determine which business activity is profitable. It determines this by dividing income by revenue. The higher the profit margin is, the more profitable a firm is.
Here is the complete question:
Which of the following statements correctly define(s) a profit margin? (Check all that apply.)
Profit margin is the ratio of a business's net income to its net sales.
Profit margin is the ratio of a business's net income to its accounts receivables.
Profit margin is a useful measure of a business's operating results.
Profit margin is also called return on sales.
Profit margin is the amount of revenue received on a sale
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If real income per person was $47,210 in the u.s. in 2010, and $55,860 in 2014, what was the annual growth rate over this time period?
Annual growth rate is 4.58 % per year.
Real income per person in 2010 = $ 47,210
Real income per person in 2010= $ 55,860
Difference = $ 8650
Growth for four years = 8560/ 47,210 *100
= 18.3223 %
Average annual growth for four years = 18.3223%/4= 4.58%
When referring to an individual's income, real income is how much money an individual or entity makes after accounting for inflation. Individuals frequently monitor their nominal vs. real income to gain a better understanding of their purchasing power.
Some features of real income are-
Real income is distinct from nominal income, which does not include such adjustments.Individuals frequently monitor their nominal vs. real income to gain a better understanding of their purchasing power.The Consumer Price Index is used to calculate most real income calculations (CPI).In theory, rising inflation reduces real income and purchasing power by the amount of inflation on a per-dollar basis.Learn more about real income here:
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Suppose the cpi-u is 300 in 2020 and 600 in 2030, both relative to 100 in 1982-4. if smith's nominal income in 2030 is $90,000, what is her real 2030 income, in 2020 dollars?
The real income of Smith in 2030 in 2020 dollars
= 90000*300/600
=$45000 is the answer.
Income is the intake and saving opportunity received through an entity inside a specific timeframe, that's commonly expressed in monetary terms. profits is tough to outline conceptually and the definition may be distinct across fields.
The term “earnings” usually refers to the quantity of cash, belongings, and different transfers of price obtained over a set time period in trade for services or products. there is no single, wellknown definition: profits is described according to the context wherein the idea is used.
The definition of profits is the amount of money received via someone, group or employer in the course of a certain period of time. An example of an earnings is a $70,000 a 12 months salary.
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When using a radial selection tool to analyze shipping costs from a production facility to different destinations, where should the circle be centered?
When using a radial selection tool to analyze shipping costs from a production facility to different destinations, The circle be centered at the production activity.
What do you understand by radical selection tool?
Th is one of the tool used in Tableau. The Radial tool selects marks within a circular area. In order to use the Radial tool, hover the arrow on the view toolbar, then click the Radial tool button, and then drag across the view.
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How can disney assess whether they are recouping their $1 billion investment? what is the value of this platform to disney?
Imitation of electronic systems can be very beneficial for organizations as they are not limited to the technology being obsolete but they can be easily upgraded. This provides additional safety to the $1 billion investment in the implementation of this kind of platform. As it would increase the overall level of reducing the negative points in the resort increasing the overall profit generated by the company, this information gathering can be used for further analysis for creating a better impact on the customers which would be worth investing 1 billion dollars for the specific platform.
Excessive-risk investments offer the possibility of returns that might be probably greater appealing than the ones available from mainstream investments. however, there may be no assurance that high-chance investments will in reality supply high returns. In exercise, the real returns might be underneath those of mainstream investments.
Making an investment isn't always tough. You must not be a math genius to understand in which to place your cash or be afraid of scary terms like “inventory marketplace volatility.” (That just manner the fees of agencies inside the inventory marketplace are converting rapidly.) The more you realize, the higher you will feel about making an investment.
Sure, you may become rich by making an investment within the inventory marketplace. investing in the stock market is one of the maximum dependable approaches to developing your wealth over the years.
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What can be done to build a more effective buyer-supplier relationship with metokote?\
Clear, consistent communication can be done to build a more effective buyer-supplier relationship with metokote.
In order to establish productive, long-lasting relationships with suppliers, buyers must treat them as partners in communication. For instance, aggressive bargaining strategies are likely to damage trust and result in a confrontational and resentful relationship.
For instance, a vendor self-service portal gives them the ability to examine purchase orders, change contact information, send invoices, and reply to quote requests. It's a good method to increase transparency in your supplier relationships and to keep a record of all transactions to assist avoid misunderstandings.
Regular supplier performance reviews encourage vendor accountability, aid in cost reduction, and raise (internal and external) customer happiness.
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American firms do a tremendous amount of business with non-english-speaking countries. should americans learn the language of foreign nations, or should everyone speak english?
No, Americans don't need to learn any language the other should learn English.
Language is an established device of conversation. The shape of a language is its grammar and the unfastened additives are its vocabulary. Languages are the number one manner of conversation for people and can be conveyed through speech, signs, or writing.
A language is a gadget of verbal exchange which consists of hard and fast sound and written symbols that are utilized by the humans of a selected us a or vicinity for speaking or writing.
Language is what makes us human. it's miles how human beings talk. With the aid of learning a language, it approaches you have mastered a complicated system of phrases, shapes, and grammar to successfully communicate with others.
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Willa has managers located in seven countries, and she feels it is important to maintain weekly communication with each of them. what can willa use to maintain this regular communication?
Willa use to maintain this regular communication Journal Communication.
What is a communication journal?The Communications journals sit within Nature Portfolio and have a mission to publish research that enhances and brings new insight to their subject area. The journals share a collaborative editorial model with in-house and external editors working together.The goal of the Communications journals, which are part of Nature Portfolio, is to publish research that advances and adds fresh perspective to a given field. The journals all use a cooperative editorial model that combines the efforts of internal and outside editors. With our emphasis on the community, our multidisciplinary nature, and our inclusive and fair publication standards, we complement the other Nature Portfolio journals. We think that serving the research community should be our top priority and that the diversity of the communities we serve should be reflected in our content, editors, authors, and reviewers.
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Imprimo, inc. , produces two types of ink-jet printers: business and home. Imprimo uses a plantwide rate based on direct labor hours to assign its overhead costs. The company has the following estimated and actual data for the coming year
Manufacturing overhead is applied to work-in-process inventories at a predetermined overhead rate. Before the period starts, the predetermined overhead rate is calculated.
1. How is the predetermined overhead rate calculated?
= Expected Activity / Estimated Overhead
= $1,862,000 / 49,000
= $38 per hour of direct work
The overhead being used is:
For a business printer, multiply 12,000 by $38 to get $456,000
37,000 times $38 equals 1,406,000 for a home printer.
2. The per-unit overhead expense:
For a business printer, the cost per unit is $19 ($456,000 / 24,000).
$1,406,000 / 185,000 for a home printer equals $7.60 per unit.
3. 24,000 hours of direct labour were used by the home printer.
Earlier, a home printer used 12,000 hours of labour.
So Should be a difference in labour hours equals 24,000 minus 12,000 hours.
= 12,000 hours
Additionally, the overhead rate per direct labour hour is $38.
The profitability of this product line declines as overhead costs increase.
= 12,000 hours * $38
= $456,000
Complete question: Transcribed image text: Imprimo, Inc., produces two types of ink-jet printers: business and home. Imprimo uses a plantwide rate based on direct labor hours to assign its overhead costs. The company has the following estimated and actual data for the coming year: Estimated overhead 1,862,000 Expected activity 49,000 Actual activity (direct labor hours): Business printer 12,000 Home printer 37,000 Units produced: Business printer 24,000 Home printer 185,000 1. Calculate the predetermined plantwide overhead rate, using direct labor hours. per hour Calculate the applied overhead for each product, using direct labor hours. Applied overhead Business Home 2.
Calculate the overhead cost per unit for each product. If required, round your answers to the nearest cent. Overhead Cost Business per unit Home per unit 3. What if the home printer business used 24,000 hours (to produce 24,000 units) instead of 12,000 hours (total expected hours remain the same)? Calculate the effect on the profitability of this product line if all 24,000 units are sold. Profits would by $\$$
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Lox, stock and bagel, inc., issued $100,000 of stock. it recorded the transaction by increasing cash and decreasing common stock. as a result of this entry, the accounting equation will?
The accounting equation will balance, but the transaction was recorded in the wrong accounts.
An easy transaction version may be defined as a model of financial interdepend which includes a matrix of transactions collectively with a matrix of impartial responses or injections and a matrix of established responses based totally on the assumption that the allocation of outgoings depends on the full of incomings with.
A coin transaction is the instantaneous payment of cash for the acquisition of an asset. some market inventory transactions are taken into consideration coins transactions even though the trade may not accept a few days.
Transaction quantity approaches the range assigned chronologically to a transaction performed via a 2d hand items supplier utilized in a transaction record; sample 1.
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Explain why someone who is not interested in selling their bond before its
maturity date does not have to worry about the current bond market and its
impact on the price of their bond. (Use at least one sentence)
If you sell a bond before it matures, you may not receive the full principal amount of the bond and will not receive any remaining interest payments. This is because a bond's price is not based on the par value of the bond. Instead, the bond's price is established in the secondary market and fluctuates.
A bond is a debt instrument similar to a promissory note. Borrowers issue bonds to raise money from investors who lend them money for a period of time. When you buy a bond, you are lending it to the issuer, which can be a government, community, or corporation. A bond between people is a strong sense of friendship, love, or shared beliefs and experiences that bring people together. This experience has created a very special bond between us. Synonyms: bond, union, coupling, link Other synonyms for bonding. Bonds are divided into four types: corporate bonds, municipal bonds, government bonds, and agency bonds. Bond prices are inversely proportional to coupon rates. When interest rates rise, bond prices fall, and when interest rates fall, bond prices rise.
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If fifth national bank's asset duration exceeds its liability duration and interest rates rise, this will tend to __________________ the market value of the bank's net worth
If the fifth national bank's asset duration exceeds its liability duration and interest rates rise, this will tend to Dollar interest-sensitive GAP the market value of the bank's net worth.
Interest rate spreads measure a company's level of interest rate risk. Spread is the distance between assets and liabilities. The most common examples of interest rate differentials are found in banking. A bank borrows money at one rate and lends money at a higher rate. The difference or difference between the two rates represents the bank's profit.
Interest rate spreads represent interest rate risk. Typically, financial institutions and investors use it to develop hedging positions, often through interest rate futures. The spread calculation depends on the maturity date of the security used and the time remaining until the underlying security reaches the maturity date.
A negative spread, or a ratio less than one, occurs when a bank's interest-sensitive liabilities exceed its rate-sensitive assets. Conversely, a positive spread, or a spread larger than one, is when a bank's interest-sensitive assets exceed its rate-sensitive liabilities.
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Randy has established a successful fast-food restaurant chain named randy’s in the united states. He currently has 12 locations across three states. He’d like to expand his brand to asia, but does not have the capital to do so. He’s also wary of the risk of failure, especially because he is not very familiar with business in asia. If you were consulting randy, what route would you advise against?.
Randy should provide a franchise to an investor in Asia which will lower his risk and expand the business.
What is Franchise?Franchise is the business expanding method in which the owner of the brand does not inject any further capital instead sells its brand name and instructions for cooking and hygiene to an investor.
The investor in return provides a franchise fee to the owner of the brand and pays a monthly income as per the terms of the contract. This is the method of expanding the business which have the lowest risk.
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What is the entry to record an owner investment of into the business including a $500 piece of equipment?
The entry to reflect an owner investment of into the company of $500 in equipment.
Equipment - 500
Common shares - 500
As evidence of the money investors and business owners have invested in a corporation, common shares are issued to them. Common shareholders have the least claim to the assets of a firm of any stakeholder. One component of a company's shareholder equity, which also includes any issued preferred shares and any retained earnings, are its common shares. Dividends (amounts paid to shareholders out of the company's post-tax earnings in exchange for utilising their capital) are normally given to owners of common and preferred shares. Dividends are distributed to common shareholders after preferred stockholders. Common shareholders are not paid until all creditors have been paid and the preferred shareholders have been compensated in the event that a company needs to sell off its assets.
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What effect did the Great Recession have on manufacturing employment?
Answer:
During both recessions, a large decline in industry employment occurred. From December 2007 until December 2009— when manufacturing employment reached a new low— the manufacturing industry lost 2 million jobs, or 17 per- cent of its workforce, and industry employment fell to its lowest level since March 1941
Explanation:
If you sell a share of stock for $45 today that you purchased for $26 three years ago, what was your annual return over the three years?
An annual rate of return is the profit or loss on a one-year investment. There are numerous methods for calculating the annual rate of return. If the rate of return is calculated monthly, multiply it by 12 to get the annual rate of return.
($45 - $24)/$24 × 1/3 = 24% is the annual return over the three years.
What is the annual income formula?Add up all of your monthly earnings.Because there are twelve months in a year, you multiply by 12. For example, if you make $2,000 per month from a part-time job and pay $10,000 in rent, add the two figures and multiply by 12.Calculating your annual income gives you a better understanding of your financial situation, and it is simple to do. Understanding and knowing how to calculate annual income can assist salaried individuals in developing a budget, applying for a loan, and preparing their tax return. An annual income calculation is required by a business owner in order to keep track of business expenses, make financial decisions, and pay taxes. This article defines annual income, examines the distinction between gross and net income, explains how to calculate annual income, and provides an example of annual income calculation.To learn more about annual income refer to:
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If households in the economy save more of any extra income that they earn, then the multiplier effect will?
If households in the economy save more of any extra income that they earn, then the multiplier effect will decrease.
What is economy?
An economy is the production, distribution, and trading of products and services, as well as their consumption. It is described broadly as a "social domain that emphasises the activities, discourses, and material expressions linked with the creation, use, and management of finite resources." A given economy is a collection of activities that include as primary variables its culture, values, education, technical evolution, history, social organisation, political structure, legal systems, and natural resources.
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A market supply curve shows how the total quantity supplied of a good varies as:__________
a. input prices vary.
b. price varies.
c. production technology varies.
d. demand varies.
A market supply curve shows how the total quantity supplied of a good varies as a. input prices vary.
A market is a composition of structures, establishments, approaches, social relations or infrastructures wherein parties have interaction in change. while parties may also trade items and services through barter, most markets rely on sellers providing their goods or services to buyers in trade for money.
Market, a method by using which the change of goods and offerings takes vicinity due to customers and dealers being in contact with each other, both at once or via mediating retailers or institutions
A market is an area in which customers and dealers can meet to facilitate the exchange or transaction of goods and services. Markets can be physical like a retail outlet, or digital like an e-store. other examples consist of unlawful markets, public sale markets, and financial markets.
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Why might you be willing to make a loan to your neighbor by putting funds in a savings account earning a 5% interest rate at the bank and having the bank lend her the funds at a 10% interest rate rather than lend her the funds yourself?.
Why might you be willing to make a loan to your neighbor by putting funds in a savings account earning a 5% interest rate at the bank and having the bank lend her the funds at a 10% interest rate rather than lend her the funds yourself?
a. Your neighbor suffers from information asymmetry.
b. There will always be a moral hazard problem in lending to a friend or neighbor.
c. There is no way to diversify your savings except with the help of a bank.
d. The costs of writing up the loan contract might exceed the 5% difference between your deposit rate and the bank lending rate.
C. There is no way to diversify your savings except with the help of a bank
The money is deemed to be safest once it has been deposited with a bank. This is so that the commercial bank can restore the money to the depositors at their request. The neighbor, on the other hand, carries a larger risk because there would be no means to recover the money if the neighbor defaulted on the loan. For this reason, the person would be quite eager to deposit the money at the bank so that their neighbor might borrow money from the institution.
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