Answers
Answer:
B
Explanation:
Related Questions
18. sardi company estimates its 2015 tax expense to be $80,000. it makes a cash payment of $20,000 to the tax authorities on december 31, 2015. how should this transaction be recorded by sardi? debit tax expense $80,000; credit cash $60,000; credit taxes payable $20,000 debit tax expense $80,000; credit cash $20,000; credit taxes payable $60,000 debit tax expense $80,000; credit cash $20,000 debit tax expense $80,000; credit cash $20,000; credit accounts payable $60,000
Answers
Debit tax expense $80000 credit cash $20000, credit taxes payable $60000
tax expense estimated by the company in the year 2015 is $80000
Cash payment to the tax authorities on December 31, 2015, = $20000
So the balance tax to be paid is equal to 80000 - 20000 = 60000
Hence initially the company need to debt tax expense $80000
Then the credit cash is $80000
The provision to be made credit taxes payable $60000
Hence Debit taxes paid ($60,000), credit cash ($2,000), and credit tax expense $80000
Learn more about taxes at
https://brainly.com/question/23347326?referrer=searchResults
#SPJ4
variable costs as a percentage of sales for lemon inc. are 78%, current sales are $585,000, and fixed costs are $176,000. how much will operating income change if sales increase by $40,300?
Answers
If sales increase by $40,300 the firms loss decreases from -($47,300) to -($38,424).
Variable costs 78% of sales = 0.78 x 585,000 =$456,300
Sales = $585,000
Fixed costs =$176,000
Operating Profit = Sales- variable cost -Fixed cost
=$585,000- $456,300- $176,000
= -($47300)
If sales increase by $40,300 = $585,000+ $40,300
= $625,300.
Variable cost = 78% of $625,300 = $487,734
The new operating income will be:
Operating Profit = Sales- variable cost -Fixed cost
=$625,300- $487,734- $176,000
= -($38,434)
To learn more about Operating Profit from the given link
https://brainly.com/question/14752390
#SPJ4
in the long run: a at least one input is variable and one input is fixed. b all inputs have marginal product equal to zero. c all inputs are fixed. d all inputs are variable. e inputs are neither variable nor fixed.
Answers
In the long run all inputs are variable. Hence Option D is the answer.
Define variable inputs in production.A resource or production component that may be quickly altered by a company in an effort to alter output volume is known as a variable input. In short-run production, the majority of businesses use a variety of variable inputs, namely labor, raw materials, and energy. Variable factors are those whose employment varies in proportion to output; more are employed when production rises and fewer when production falls.
Labor, energy, and raw materials employed directly in production are examples of typical variable elements. Labor is the most typical example of a variable input. The additional inputs required by a company to increase short-run production are provided by a variable input. The capacity constraint in production, on the other hand, is provided by a fixed input, such as capital.
To learn more about variable input in production, visit:
https://brainly.com/question/26322944
#SPJ4
the rate of inflation in zimbabwe rose in 2018 from 10.6% to 577.21% in 2020. what was the positive effect of this unexpected inflation on the residents of the country?
Answers
The unexpected inflation in Zimbabwe from 2018 to 2020 had a positive effect on the residents of the country which was making fixed rate loans cheaper.
What is a positive effect of unexpected inflation?When there is unexpected inflation, it means that the prices of goods and services are rising faster than was anticipated by economists and analysts. This means that this rate of inflation was not included in the determination of fixed rates of interests on certain loans.
The residents of Zimbabwe when the inflation rose from 10.6% in 2018 to 577.21% in 202 would therefore get the positive benefit of paying less interest in real terms if they had fixed rate loans.
Find out more on unexpected inflation at https://brainly.com/question/28236169
#SPJ1
1) how much money must you deposit now at 6% interest compounded quarterly in order to be able to withdraw $3,000 at the end of each quarter year for two years?
Answers
Amount to be deposited now at 6% interest computed quarterly in order to be able to withdraw $3,000 at the end of each quarter year for two years is $22,457.78.
No. of payments / Compounding per year = 4
Amount per quarter = $3,000.00
No. of years = 2
Annual rate = 6.00% = 0.06
Quarterly rate = 0.06/4 = 0.015
Total No. of payments = 2 × 4 = 8
Amount to be deposited today = $22,457.78
The fee paid for the right to borrow money is called interest. In contrast to how the interest rate used to compute interest is normally expressed, which is as an annual percentage rate, interest expense or revenue is frequently expressed as a dollar figure (APR). Interest is the payment a lender or financial organization makes in exchange for extending credit. A stockholder's ownership stake in a corporation, which is typically expressed as a percentage, is another definition of interest.Learn more about Interest, here
https://brainly.com/question/26457073
#SPJ4
there are currently 15.34 million people who are not working but are available and actively looking for jobs and 506.21 million people who are employed. what is the unemployment rate? round your answer to the nearest tenth.
Answers
There are currently 15.34 million people who are not working but are available and actively looking for jobs and 506.21 so, there are 2.9 million people who are employed.
The unemployment rate is the level of individuals in the workforce who are jobless. Subsequently, estimating the joblessness rate requires distinguishing who is in the workforce. The workforce incorporates individuals who are either utilized or jobless.
What is the most elevated joblessness rate in US history?
The latest noteworthy drop happened during the Coronavirus pandemic somewhere in the range of 2020 and 2021. After broad exploration, our information examination group closed: The most terrible joblessness experienced in the US occurred during the Economic crisis of the early 20s (1929-1933), when the joblessness rate came to 24.9%.
Why would that be a work lack?
The pandemic caused a significant disturbance in America's workforce something many have alluded to as The Incomparable Renunciation. In 2021, in excess of 47 million specialists quit their positions, a significant number of whom were looking for a superior balance between serious and fun activities and adaptability, expanded pay, and a solid organization culture.
Learn more about unemployment rate here:
https://brainly.com/question/27413958
#SPJ4
in the presence of a 10% noncontrolling interest, how much inter-entity gross profit remaining in ending inventory should be eliminated in consolidation?
Answers
Inter-entity gross profit remaining in ending inventory should be eliminated in consolidation is 100%.
What is consolidation?The term consolidation comes from the Latin consolidatus, which means "joined he into one body". Whatever the context, consolidation means combining a larger set of items into one smaller number.For example, a traveler can pack all his luggage into one big bag.gross consolidation means combining various debts, such as credit card bills and other loan payments, into one loan or monthly payment. If you have multiple credit card accounts or loans, consolidation is a way to simplify or reduce your paymentsNature or State of Fusion Specific : Fusion of two or more bodies by dissolving existing bodies and forming a single new body.Debt consolidation means combining various debts, such as credit card bills and other loan payments, into one loan or monthly payment.If you have multiple credit card accounts or loans, gross is a way to simplify or reduce your payments.To learn more about consolidation from the given link :
https://brainly.com/question/21223348
#SPJ4
1.ralph gets his paycheck from shakes n' burgers restaurant, his employer, and attempts to deposit it in his account at town bank. uri, the bank's teller, notices that on the check the amount stated in words is different from the amount stated in numerals. which amount can the bank lawfully credit to ralph's account?
Answers
The amount, the bank can lawfully credit to Ralph's account is the amount written in words
This is further explained below.
Ralph's account:Generally, It is possible to say, with reference to the provisions of the Uniform Commercial Code, that if the amount written in words on a check differs from the amount written in numbers on the check, the amount written in words has priority over the amount written in numbers. This is because the words take precedence over the numbers.
Therefore, given the circumstances, the bank is within its rights to credit Ralph's account with the sum that is written out in words on the check that was written out by Shakes n Burgers (subject to the availability of the amount in the shakes n Burgers account).
Read more about Uniform Commercial Code
https://brainly.com/question/8476938
#SPJ1
which code of entry provides advantages to a multinational firm that can be transferred within the firm at very low cost? a. indirect exports b. licensing c. ownership d. externalization g
Answers
(b)Licensing provides advantages to a multinational firm that can be transferred within the firm at very low cost.
What is licensing ?
In order to manufacture and advertise one or more of a firm's products within a specific market region, you must seek permission from the company (the "licensor"). In most cases, the business that acquires these rights (the licensee) consents to pay the original owner a royalty fee.
Songs, sports team logos, intellectual property, software, and technology are a few examples of things that can be licensed.
Why is licensing important?
By enforcing norms that limit practice to competent people who have met particular requirements in terms of education, job experience, and tests, professional licensure protects the public.
To learn more about the Licensing from the given link https://brainly.com/question/26006107
#SPJ4
what guides users through marketing campaigns by performing such tasks as campaign defination, planning, scheduling, segmentation, and success analysis?
Answers
Campaign management systems guides users through marketing campaigns by performing such tasks as campaign definition, planning, scheduling, segmentation, and success analysis.
What are Campaign management systems?An segmentation used by marketers to design multi-channel marketing campaigns and track the impact of those campaigns by customer segment over time.Campaign Management Systems are the planning, execution, tracking and segmentation of marketing initiatives. This could be a marketing campaign to launch a new product or event, or it could be a small promotion. Campaign management systems help businesses manage different aspects of their marketing campaigns.Campaigns come in many shapes and sizes, and there are many types of campaigns. They typically fall into three different categories: channel-specific, tactical, and purposeful.Salesforce Campaign is a segmentation Salesforce object in every Salesforce customer's (purchased Sales Cloud) organization. Campaigns are typically used by marketing teams, and sales development teams (BDR/SDR/lead generation agencies) can also use campaigns.To learn more about Campaign management systems from the given link :
https://brainly.com/question/15077884
#SPJ4
what are the three primary ways to manage a product through its life cycle? multiple select question. modifying the product repositioning the product modify the competition modifying the market repositioning the market decrease the brand's equity
Answers
The following three methods are the most effective for managing a product's life cycle:
shifting the product's locationA change to the productaltering the marketplaceHow does product life cycle management work?PLM, or product lifecycle management, is the process of controlling a product's lifecycle from conception to manufacture, sales, support, and eventually retirement. PLM software is a technology that assists businesses in creating and launching new goods.
In the life cycle of a product, which of the following constitutes a step?The introduction, growth, maturity, and decline phases make up a product's life cycle. Many goods are still in their advanced stages of maturity. The product eventually disappears from the market, as is the case with every product life cycle.
Learn more about product life cycle: https://brainly.com/question/17485582
#SPJ4
which dimension of ethical behavior in the digital age is represented by the following question?you are interviewing 3 applicants for a management position in your firm and wish to ensure that they will represent your company with professionalism and maturity. should you check the applicants' social media sites prior to making your hiring decision?
Answers
The dimension of ethical behavior in the digital age that is represented by the following question is called information privacy rights. Information privacy, data privacy or data protection laws provide a legal framework on how to obtain, use and store data of natural persons.
Information privacy will afford the resource person to have the full access of the individual ethical behaviour on social media and as a result could use such for whatever judgement he intends to make on his interviewee.
What is dimension of ethical behavior?Ethical Dimensions is a competency encompassing all over the curriculum so that learners will understand ethical principles that shape person and collective actions and apply those principles to the analysis of contemporary social and political problems. There are approaches to ethical issues from the angle of four moral principles which are:
respect for autonomy, beneficence, nonmaleficence, and justice.Therefore, the correct answer is as given above.
learn more about ethical behaviour: https://brainly.com/question/27962109
#SPJ1
weiland, incorporated, has 490,000 shares outstanding that sell for $99 per share. the company plans a 4-for-1 stock split. how many shares will be outstanding after the split?
Answers
537500 shares will be outstanding after the split-up.
What is shares?
Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial asset that allows for the equal distribution of the any declared residual profits in the form of dividends. A stock with no dividend payments does not distribute its profits to its shareholders. Instead, they look forward to increasing stock price growth as business profits rise. Shares are an organization's equity stock, and there are two main kinds of shares: common shares as well as preferred shares. As a result, the terms "shares" as well as "stock" are frequently used synonymously. Owners of a corporation have the option of issuing preferred shares or common stock to investors.
To learn more about shares
https://brainly.com/question/25788016
#SPJ4
john smedley, a careful maximizer of utility, consumes only two goods, peanut butter and ice cream. he had just achieved the utility-maximizing solution in his consumption of the two goods when the price of ice cream fell. as he adjusts to this event, he will consume:
Answers
As he adjusts to this event, he will consume more peanut butter and less broccoli.
Consumption is an activity that aims to reduce or spend the use value of goods/services to meet needs or direct satisfaction. Those who carry out consumption activities are called consumers. It is these consumers who use goods/services either for their own use or for the benefit of people or other living things that are not for resale.
Consumption has several important functions and roles in economic activity, including the following.
Fulfillment of Human DesiresEconomic ActivitiesSupport Production ActivitiesAnalyzing Individual BehaviorFormulation of the State's EconomyIncome and Employment TheoryYou can learn more about Consumption here brainly.com/question/14933604
#SPJ4
what was the outcome of the microsoft temporary-worker lawsuit? select one: a. fringe benefits for gig workers were eliminated. b. plaintiffs were paid the value of stock options they would have received if employed. c. temporary workers were employed. d. internal revenue service penalties were avoided.
Answers
Option (b) is the best choice because plaintiffs got compensation equal to the value of the stock options they would have been granted if hired.
What was the result of the Microsoft temporary worker lawsuit?Microsoft Corp. and a legal firm representing more than 8,000 temporary employees at the software provider today announced a settlement of a class-action lawsuit in which Microsoft will pay the workers and their attorneys a total of $97 million.
Is Microsoft the target of a class action lawsuit?Cash reimbursements or volume licensee vouchers are the two types of compensation available to qualifying Class Members under the terms of the Microsoft class action settlement. Consumer Cash Payments are offered to qualified Class Members who bought a license for one of the Microsoft products mentioned here.
Learn more about temporary-worker: https://brainly.com/question/28452259
#SPJ4
creating a new product to increase margin is an example of using product implementations to achieve competitive advantage. group of answer choices true false
Answers
One instance of using product implementations to gain a competitive advantage is developing a new product to boost margins. Hence, the statement is true.
Elaborate on competitive advantage.A corporation is said to have a competitive edge if it can create goods or services more quickly, cost-effectively, or both than its rivals. In terms of sales or margins, these elements give the producing unit an advantage over competitors. The factors that are believed to contribute to competitive advantages include cost structure, the quality of the product offerings, branding, the distribution system, intellectual property, and customer service, to name just a few.
Due to particular advantages or circumstances, a company and its stockholders can benefit more from competitive advantages. The more resilient the competitive advantage, the more challenging it is for rivals to counter it. Two main sub categories of competitive advantage are comparative advantage and differentiated advantage.
To know more about, competitive advantage, visit :
https://brainly.com/question/15095207
#SPJ4
What term refers to business organizations formed to control the supply of goods and services in an effort to drive up prices and profits?
A. mergers
B. bankruptcies
c. cartels
D. tariffs
Answers
When a business organization is formed to be able to control supply such that they can drive up prices and profits, this is called a C. Cartel.
What are cartels?Cartels refer to a business organizations which are a conglomeration of different organizations that are influential in an industry. By coming together and pooling operations, these organizations are able to influence the prices of goods and services.
This is simply because they control the flow of goods and services. And by controlling this supply, they decide the price. They could then drive up these prices to make more profit.
Find out more on cartels at https://brainly.com/question/15294015
#SPJ1
What was the economic foundation of colonial rule in mexico and peru? how did it shape the kinds of societies that arose there?.
Answers
In Mexico and Peru, commercial agriculture was the economic foundation of colonial rule. Silver and gold mining was also the economic foundation of colonial rule in Mexico and Peru.
What is commercial agriculture?Commercial agriculture, also known as agribusiness, is a cropping method in which crops and livestock are raised in order to sell the products on the market and profit.In Mexico and Peru, commercial agriculture was the economic foundation of colonial rule. Silver and gold mining was also the economic foundation of colonial rule in Mexico and Peru. Because there was a very distinct social order in the society, this economic foundation greatly shaped the types of societies that arose.Commercial farming necessitates the use of modern technology, specifically heavy machinery, irrigation methods, chemical fertilizers, and pesticides. Crops that are in high demand in commercial farming are those that must be exported to other countries.To learn more about commercial agriculture refer to :
https://brainly.com/question/17392167
#SPJ4
for self-constructed assets, the costs incurred include labor, materials, and multiple choice question. overhead. depreciation expense. research and development. operating costs.
Answers
For self-constructed assets, costs include labor, materials, and overhead.
Assets are resources of economic value that are owned by individuals/companies and are expected to generate profits in the future. Meanwhile in the world of accounting, the notion of assets is the component of assets listed in the balance sheet and compared with the amount of liabilities (liabilities and equity).
Although many people use the term "asset" to refer to someone's property, in fact assets do not always have to be 100% owned by the holder. For example, a company has an operating machine whose ownership is 100% funded by debt. These operational machines are still treated as assets. However, in exchange the company incurs debt repayment costs in terms of liabilities.
Learn more about Assets here brainly.com/question/13848560
#SPJ4
motor works has total assets of $919,200, long-term debt of $264,500, total equity of $466,900, net fixed assets of $682,800, and sales of $1,021,500. the profit margin is 6.2 percent. what is the current ratio?
Answers
Current ratio is 1.26.
Define total assets.Total Assets are defined as the assets owned by the company that have an economic worth and from which benefits may be gained in the future. This term is most frequently used in the context of a corporation. In the company's balance sheet, assets are included.
Depending on their liquidity, assets are divided into two categories:
liquid assets and illiquid assets. Assets that can be quickly sold for cash or turned into cash are referred to as liquid assets; otherwise, they are referred to as illiquid assets.On the balance sheet, assets are further divided into current assets and long-term assets. A current asset is one that can be liquidated in less than a year, whereas a long-term asset can be liquidated over a period longer than a year.To solve the question :
Given,
Total assets = $919,200
Net fixed assets = $682,800
Long-term debt = $264,500
Total equity = $466,900
(Total assets - net fixed assets) / (Total assets - long-term debt - total equity)
($919,200 - 682,800) / ($919,200 - 264,500 - 466,900)
= 1.26
To know more about, assets , visit :
https://brainly.com/question/28499559
#SPJ4
on january 1, 2024, a company purchased a commercial truck for $48,000 and uses the straight-line depreciation method. the truck has a useful life of eight years and an estimated residual value of $8,000. on december 31, 2026, the company sold the truck for $30,000. what amount of gain or loss should the company record on december 31, 2026?
Answers
If a corporation employs the straight-line depreciation method and bought a commercial vehicle for $48,000 on January 1, 2024, it would have to record a $3,000 loss on December 31, 2026.
Straight Line Method
>> Depreciation per year :
= ( $ 48,000 - $ 8,000 ) / 8
= 5000
>> Book value on 31st Dec -2020
= $ 48,000 - ( $ 5,000 * 3 )
= $ 33,000
>> Gain / ( Loss ) on Sale
= $ 30,000 - $ 33,000
= ( $ 3,000 )
:: Loss $ 3,000
Depreciation method is the process that reduces an asset's value over commercial time for a business. When determining and disclosing depreciation on financial statements in the US, accountants are required to use generally accepted accounting standards (GAAP). GAAP is a set of regulations that covers the specifics, intricacies, and legality of commercial and corporate accounting. Accounting experts may depreciate assets using a variety of distinct, legal techniques, as highlighted by GAAP principles.
This technique is frequently employed when an item is anticipated to depreciation method more quickly or to be more useful in the short term. Additionally, it aids in generating a bigger realized gain when the asset is sold. For more aggressive depreciation and early expense commercial management, some businesses may employ the double-declining balance equation.
Learn more about depreciation method here
https://brainly.com/question/18849296
#SPJ4
the view held by arthur laffer and ronald reagan that cuts in tax rates would encourage people to increase the quantity of labor they supplied became known as
Answers
Supply side economics is the term for the idea put forth by Ronald Reagan and Arthur Laffer that lowering tax rates would encourage people to increase the amount of labor they provided.
Give an account on supply-side economics.The best strategies to encourage economic growth, according to supply-side economics, are to lower taxes, scale back regulations, and support free trade. Increasing supplies of products and services at reduced prices will benefit customers, and employment will rise, according to supply-side economics. The Laffer curve, a hypothesized correlation between taxation rates and government revenue, forms the cornerstone of supply-side economics. Although the precise threshold at which tax rates are considered "too high" is debatable, the Laffer curve predicts that when tax levels are too high, cutting tax rates will increase government income through faster economic development. The phrase "supply side economics" references to the theories of economists Arthur Laffer and Robert Mundell.
To know more about, supply-side economics, visit :
https://brainly.com/question/11773466
#SPJ4
which case overturned fec regulations that restricted how nonprofits could take in and distribute funds to advance their preferred candidates and policies?
Answers
The case overturned fec regulations that restricted how nonprofits could take in and distribute funds to advance their preferred candidates and policies is the Buckley v. Valeo case.
What was the case that overturned fec regulations that restricted how nonprofits could take in ?One of the case case that overturned fec regulations that restricted how nonprofits could take in is that of the Buckley v. Valeo.
It should be noted that this case serve as one of the the landmark case which make the constitutionality of the Federal Election Campaign Act to be concern much about it and made them to react.
Read more about regulations at:
https://brainly.com/question/26463698
#SPJ1
Facilitated diffusion and simple diffusion are similar since both are types of ___________ transport.
Answers
Simple diffusion and assisted diffusion are both forms of passive transport. They transfer materials from a region of high concentration to one with low concentration. The former, though, differs from the latter in how molecules are moved through the membrane.
Why are assisted diffusion and simple diffusion both regarded as passive transport systems?Facilitated diffusion is a subset of passive transport. Even when aided diffusion includes transport proteins, it is still passive transport because the solution is moving down the concentration gradient. Small, nonpolar molecules can easily cross the cell membrane. Simple diffusion is one of the basic types of passive transport. Filtration, osmosis, and assisted diffusion make up the last three (also known as facilitated transfer). Each one shows a downward movement, or a change from a high concentration to a low concentration location.
Four categories of passive transportation exist:
Easy Diffusionenhanced diffusionFiltration.Osmosis.To learn more about ' passive transport ' refer to
https://brainly.com/question/11985281
#SPJ4
what might be a potential cost or benefit of a dynamic labor market, from the persepective of either the worker or the employer? select all that apply. in a dynamic labor market
Answers
The introduction of job protection regulation may change the dynamic of the labour market and it is all over easier for a job seeker to find a job, and likewise, for an employer to find an employee is true for potential cost or benefit of a dynamic labour market
In a dynamic labour market:
The implementation of job protection regulations could alter the labour market's dynamics. this is due to the restrictions on job protection interfering with the regular operation of a dynamic labour market.Finding a job in a competitive labour market may be both simple and challenging for both employed and unemployed people.Unemployment lasts longer than typical in a labour market that is active. this is due to the effective interaction between employed and jobless people (job searchers and job providers) in such a market. hence decreasing unemployment.This is accurate in a competitive job market when there are long lines for both employers and employees.Therefore, the introduction of job protection regulation may change the dynamic of the labour market and it is all over easier for a job seeker to find a job, and likewise, for an employer to find an employee.
To learn more about the business question, refer to https://brainly.com/question/24553900
#SPJ4
6. in its relatively short life span, uber has attracted a lot of media attention. why is this? what is it about the uber business model that is both compelling and polarizing? in addition, why has uber managed to achieve such a high valuation? what are the pros and cons of a high valuation?
Answers
In general, media attention stems from both being famous and being infamous. Uber attracts media attention not only because it has become one of the most innovative taxi services of all time, but also because its aggressiveness
Some of its policies are frequently scrutinized and criticized by people. This results in a compelling and divisive view of Uber. Uber is no longer just the on-demand cab service we once knew.
It has also dabbled in other areas, such as Uber Eats (on-demand food delivery) and Uber Freight (on-demand trucking).
To keep things simple, we'll concentrate on Uber's core business of ridesharing - its business model and how it makes money. To put it simply, Uber is a digital aggregator app platform that connects passengers in need of a ride from point A to point B with drivers willing to serve them.
"Passengers" create demand, "Drivers" supply demand, and "Uber" acts as the marketplace/facilitator to make it all happen on a mobile platform. Uber's model has enabled it to generate strong value propositions for both passengers and drivers to join its platform and disrupt the taxi/cab industry.
To know more about "Uber" refer to this link:
https://brainly.com/question/18043330?referrer=searchResults
#SPJ4
which statement best characterizes international market segmentation? multiple choice it makes it easy to compare characteristics across nations. it is easier to conduct than domestic market segmentation. it is a challenging process to complete. it typically does not provide any useful data. it is a relatively inexpensive process.
Answers
International Market segmentation is a challenging process to complete.
There are six main international segmentation techniques that this bankruptcy discusses: geographic/region; financial factors; political/criminal factors; cultural elements; move-market segmentation; and micro-marketing.
Agencies can normally use 3 standards to discover exclusive market segments: Homogeneity, or not unusual needs inside a section. distinction, or being particular from different groups. reaction, or a comparable response to the marketplace.
Learn more about market segmentation here: https://brainly.com/question/5545577
#SPJ4
twin-cities, inc., purchased a building for $600,000. straight-line depreciation was used for each of the first two years using the following assumptions: 25-year estimated useful life, with a residual value of $100,000. a. calculate the annual depreciation for the first two years that twin-cities owned the building. b. calculate the book value of the building at the end of the second year.
Answers
For $120,000 cash, Bridge City Consulting purchased a building as well as the land it is situated on. An estimated 70% of the purchase price will go toward the land.
Before it was suitable for usage, the facility required $10,000 in renovations from the corporation. $120,000 is the total cost of the land and the building.
Land Cost (70%) = $84,000
Building Cost (30%) = $36,000
Renovations to the building will cost $10,000.
Building Cost = $36,000 Plus $10,000.
$46,000 is the building's total cost.
1. Annual Depreciation (Year End Depreciation) = (Building Cost - Residual Value)/Number of Years Annual Depreciation = $46,000 - $16,000 / 10 Annual Depreciation = $30,000 / 10 Annual Depreciation = $3,000
2. At the end of two years, the land's book value is $84,000.
At the end of two years, the building's book value will be $46,000 - ($3,000) 2year) = $46,000 - $6,000 = $40,000
So, at the end of two years, the Book Value of the Land and Building is = $84,000 + $40,000 = $124,000.
The cost of annual depreciation is land.
Estimated usable life for [equipment cost-residual value]
Depreciation costs each year
(20,500−2,500)÷4=4,500
Depreciation accumulated after two years I
4,500×2=9,000
After two years, the book value is
20,500−9,000=11,500
Learn more about Building hear :
https://brainly.com/question/24129234
#SPJ4
jerry recently was offered a position with a major accounting firm. the firm offered jerry either a signing bonus of $23,000 payable on the first day of work or a signing bonus of $26,000 payable after one year of employment. assuming that the relevant interest rate is 10%, which option should jerry choose?
Answers
Assuming that the relevant interest rate is 10% in a major accounting firm, the option to choose is the signing bonus of $26,000 payable after one year of employment.
What is accounting?Accounting, usually referred to as accounting, is the measurement, processing, and communication of financial and non-financial data regarding economic entities like firms and corporations. Accounting, sometimes referred to as the "language of business," measures the outcomes of an organization's economic actions and disseminates this data to numerous stakeholders, including investors, creditors, management, and regulators. Those who work in the accounting industry are known as accountants. Frequently used interchangeably are the words "accounting" and "financial reporting."
Financial accounting, management accounting, tax accounting, and cost accounting are some of the subfields of accounting that can be split.
To learn more about accounting, visit:
https://brainly.com/question/13310721
#SPJ4
which of the following statements about finance, accounting, or financial management is most correct? group of answer choices a. accounting is of no value in decision making. b. accounting provides the theory and concepts necessary to help managers make better decisions. c. financial management involves the measurement, in financial terms, of operational events that affect the resources and financing of an organization. d. the primary role of finance is to plan for, acquire, and use resources to maximize the efficiency (and value) of the enterprise. e. financial management is of no value in decision making.
Answers
D) The main responsibility of finance is to plan for, acquire, and use resources to increase the enterprise's productivity (and value).
How should finances be managed?Financial management, to put it simply, is the area of business that deals with allocating the available financial resources so as to maximize business success and return on investment (ROI). Professionals in financial management organize, plan, and manage all business transactions.
They concentrate on finding the capital, whether it comes from the entrepreneur's initial investment, debt financing, venture capital, public offering, or any other sources. Professionals in financial management are also in charge of allocating funds in an efficient manner to support the organization's overall financial stability and expansion.
Learn more about financial management with the help of the given link:
brainly.com/question/6659707
#SPJ4
