Answer:
1) The equipment has an estimated life of 16 years and a salvage value of $24,000 at the end of that time.
depreciation expense per year = ($192,000 - $24,000) / 16 = $10,500
Dr Depreciation expense 10,500
Cr Accumulated depreciation 10,500
2) The note payable is a 90-day note given to the bank on October 20 and bearing interest at 8%.
using a 360 day year, accrued interest = $90,000 x 8% x 72/360 days = $1,440
Dr Interest expense 1,440
Cr Interest payable 1,440
3) In December, 2,000 coupon admission books were sold at $30 each and recorded as Admissions Revenue. They could be used for admission any time after January 1.
Dr Admissions revenue 60,000
Cr Deferred revenue 60,000
4) Advertising expense paid in advance and included in Advertising Expense $1,100.
Dr Advertising expense 1,100
Cr Prepaid advertising expense 1,100
5) Salaries and wages accrued but unpaid $4,700.
Dr Wages expense 4,700
Cr Wages payable 4,700
Multicore microprocessors are formed by:
a) connecting a series of high powered processors through a single power source.
b) connecting a series of high powered processors through a single power source.
c) connecting identical processors in a parallel combination and drawing power from the same source.
d) connecting identical processors in a parallel combination and drawing power from the same source.
e) putting two or more lower power processor cores on a single chip. putting two or more lower power processor cores on a single chip.
f) slicing a flat chip into pieces and reconnecting the pieces vertically.
Help plz
What is persuassive writing?
Answer: something to like negotiate someone to do something and give good reasoning
Explanation: for example, someone would want to dye their hair and they would write a letter to their mom saying why their mom should let them dye their hair
How do credit card companies make money?
O (A) Fees and interest paid by cardholders
O (B) Investing your credit card debt
O (C) Fees paid by merchants
O All of them
O A and B
O A and C
OB and C
Answer:
A and C
Explanation:
Credit card companies get their income form the following three main sources
Interest paid by cardholdersFees charged to cardholders' credit cards.transaction charges paid by merchants who accept credit cardsInterests form the bulk of income to the card companies. Typically charge interest arises when customers carry a balance from a month to the next. Fees charged include annual fees, late fees, cash advance fees, balance transaction fees, among others. Merchants usually pay a percentage for every transaction conducted via a credit card. The percentage ranges between 1% to 3 %.
You are to make monthly deposits of $625 into a retirement account that pays an APR of 11.4 percent compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 34 years?
Answer:
the future value of an annuity is $3,049,771.89
Explanation:
The computation of the future value of an annuity is shown below:
= Monthly deposit × {(1 + interest rate)^number of years - 1 ÷ rate of interest}
= $625 × {(1 + 11.4% ÷ 12)^34 × 12 - 1 ÷ 11.4% ÷ 12}
= 625 × ((1 + 0.95%)^408 - 1) ÷ 0.95%
= 625 × 4,879.64
= $3,049,771.89
Hence, the future value of an annuity is $3,049,771.89
Goals should be manageable and large.
O A.
True
B.
False
Answer:
B) False
Explanation:
your goals can be above and beyond, may take a while to get there, but u will if u keep trying even if u fail the first time.
Identify the items from the following list that are likely to serve as source documents. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.)
1. Check
2. Statement of cash flows
3. Ledger
4. Prepaid insurance account
5. Invoice from supplier
6. Income statement
7. Company revenue account
8. Bank statement
9. Purchase order
Answer:
1. Check
5. Invoice from supplier
8. Bank statements
9. Purchase order
Explanation:
Source documents are used to trace a transaction. The main characteristic of a source document is that it does not originate within the company but needs to be signed or authorized by both the company and a third party such as a bank, a customer, and a creditor or supplier. The above are the only source documents on the given list.
The Blanket Company (TBC) manufactures two types of blankets. One is made of nylon. The other is made of wool. The budgeted per-unit contribution margin for each product follows. Nylon Wool Sales price $ 151 $ 203 Variable cost per unit (87 ) (83 ) Contribution margin per unit $ 64 $ 120 TBC expects to incur annual fixed costs of $743,000. The relative sales mix of the products is 75 percent for Nylon and 25 percent for Wool. Required Determine the total number of products (units of Nylon and Wool combined) TBC must sell to earn a $115,000 profit. How many units each of Nylon and Wool blankets must TBC sell to earn a $115,000 profit? Prepare an income statement using the contribution margin format.
Answer:
contribution margin of nylon blankets = $64
contribution margin of wool blankets = $120
annual fixed costs = $743,000
sales mix = 75% nylon blankets, 25% wool blankets
weighted contribution margin = ($64 x 75%) + ($120 x 25%) = $78
if TBC wants ot make $115,000 in profits it must sell:
= ($743,000 + $115,000) / $78 = 11,000 units
TBC must sell 2,750 wool blankets and 8,250 nylon blankets.
The Blanket Company (TBC)
Income Statement
Sales revenue $1,804,000
Variable costs ($946,000)
Contribution margin $858,000
Fixed costs ($743,000)
Operating income $115,000
Mark receives $400 per week for salary as a sales associate. His quota is $2750 and his commission is 10%. This week, Mark sold $29,000 in merchandise, $1800 of which was returned. calculate his gross pay.
Answer:
$3,120
Explanation:
A sales quota is the minimum volume a salesperson is expected to move to earn commissions.
Mark's quota is $2750
In the week, mark sold $29,000, but $1,800 was returned. The net sales were: $29,000 - $ 1,800 = $27,200
Mark is a 10% commission. The commissions will be 10% of net sales
=10/100 x $27,200
=0.1 x $27,200
=$2,720
gross pay will be weekly earnings plus commissions
=$400 +$2,720
=$3,120
Following is a list of cost system characteristics and sample companies. Match each to either job order costing or process costing.
a. Companies that produce small quantities of many different products.
b. A company that pulverizes wood into pulp to manufacture carboard.
c. A company that manufactures thousands of identical files.
d. Companies that produce large numbers of identical products.
e. A computer repair service that makes service calls to homes.
f. A company that assembles electronic parts and software to manufacture millions of portable media players.
g. A textbook publisher that produces copies of a particular book in batches.
h. A company that bottles milk into one-gallon containers.
i. A company that makes large quantities of one type of tankless hot water heaters.
j. A governmental agency that takes bids for specific items it utilizes where each item requires a separate bid.
Answer:
Explanation:
Process costing can be regarded as a methodology in accounting that involves attributing cost to unit of production in different firms especially firm that are producing product that are homogeneous.
Job order costing can be regarded as
a system that occur when an order of purchase is made by consumer, it helps in way that the price of individual product is affordable by consumer.
a.Companies that produce small quantities of many different products.
(Job order costing)
b.A company that pulverizes wood into pulp to manufacture carboard.
(Process costing)
c.A company that manufactures thousands of identical files.
(Process costing)
d.Companies that produce large numbers of identical products.
(Process costing)
e.A computer repair service that makes service calls to homes.
(Job order costing)
f.A company that assembles electronic parts and software to manufacture
(Process costing)
millions of portable media players.
g.A textbook publisher that produces copies of a particular book in batches.
(Job order costing)
h.A company that bottles milk into one-gallon containers.
(Process costing)
i.A company that makes large quantities of one type of tankless hot water heaters.
(Process costing)
j.A governmental agency that takes bids for specific items it utilizes where each
(Job order costing)
.
Data entered into a computer is called a...
Answer:
Input
Explanation:
Data going into the computer is called Input . Whatever goes into the computer. Input can take a variety of forms, from commands you enter from the keyboard to data from another computer or device. A device that feeds data into a computer, such as a keyboard or mouse, is called an input device.
A General Motors incentive program designed to reduce inventory of certain low-selling models offers a $6,200 extra dealer incentive for each of these vehicles that the dealer moved into its rental or service fleets. As the accountant for a dealership with a number of these vehicles left in stock, your manager has asked you to calculate certain invoice figures. The normal trade discount from GM is 13%. If the average sticker price (list price) of these remaining vehicles at your dealership is $29,500, calculate the following.
A. What is the amount of the trade discount, including the incentive?
B. What is the trade discount rate?
C. What is the net price (invoice price) to your dealership?
D. If the cars were then sold from the fleets at $1,000 over "invoice" (net price), what is the total percentage savings to the consumer based on the list price?
E. Although these incentive prices reflect extraordinary discounts to the consumer, what other factors should a consumer consider before purchasing a "discontinued" brand of vehicle?
Answer:
A. Amount of the trade discount plus the incentive = $10,035
B. Trade discount rate = 34%
C. Net price = $19,465
D. Total percentage savings = 30.63%
E. Before purchasing a discounted" brand of vehicle, the other factors to consider apart from the price are quality, cost of ownership, and reliability.
Explanation:
A. What is the amount of the trade discount, including the incentive?
Discount amount from the normal trade discount rate = List price * Normal discount rate = $29,500 * 13% = $3,835
Extra dealer incentive for each vehicle = $6,200
The amount of the trade discount, including the incentive, can now be calculated as follows:
Amount of the trade discount plus the incentive = $3,835 + $6,200 = $10,035
B. What is the trade discount rate?
This can be calculated using the following formula:
Trade discount rate = Amount of the trade discount plus the incentive / List price ……………… (1)
Substituting the relevant values from the question and from part A into equation (1), we have:
Trade discount rate = $10,035 / $29,500 = 0.340169491525424
Rounding to 2 decimal places, we have:
Trade discount rate = 0.34, or 34%
C. What is the net price (invoice price) to your dealership?
This can be calculated as follows:
Net price = List price - Amount of the trade discount plus the incentive = $29,500 - $10,035 = $19,465
D. If the cars were then sold from the fleets at $1,000 over "invoice" (net price), what is the total percentage savings to the consumer based on the list price?
List price = $29,500
Net price = $19,465
Amount over "invoice" = $1,000
Selling price = Net price + Amount over "invoice" = $19,645 + $1,000 = 20,645
Total cost saving = List price - Selling price = $29,500 - 20,645 = $9,035
The total percentage savings to the consumer based on the list price can now be calculated as follows:
Total percentage savings = ($9,035 / $29,500) * 100 = 0.306271186440678 * 100 = 30.6271186440678%
Rounding to 2 decimal places, we have:
Total percentage savings = 30.63%
E. Although these incentive prices reflect extraordinary discounts to the consumer, what other factors should a consumer consider before purchasing a "discounted" brand of vehicle?
Before purchasing a discounted" brand of vehicle, the other factors to consider apart from the price are quality, cost of ownership, and reliability. These are explained below:
Quality: This can be described as the workmanship and durability of the vehicle itself as well as its parts over time. If the car is durable and have good workmanship, it is good to buy it.
Cost of ownership: This costs include maintenance, repairs, depreciation, insurance, and fuel that have to be incurred in the long term. If they are too high, it is not advisable to buy the vehicle.
Reliability: It indicates the extent to which the vehicle can be relied on that it will not develop unnecessary faults or breakdown unnecessarily. Reliability of a vehicle can be determined from the number of years or length of kilometres on the warranty of the vehicle. The higher the number of years or length of kilometres on the warranty of a vehicle, the more reliable it is and the more advisable it is to buy the vehicle, and vice versa.
I have teechip im 14 trying to make money how do i make people buy my clothing and how do i promote it without money?
Answer:
you can advertise it through social media jazz your creativity too it will attract more attention if it is unique
Explain 4 disadvantages of state owned entreprises
Answer:
State owned enterprises help the government to control certain strategic sectors of the economy,they provide very essential services to the people at cheaper and affordable rates,they protect the consumers from being exploited by private enterprises by offering them a cheaper and better alternative and Ensuring better public service
Explanation:
Companies that fail to identify needs risk which of the following?
-loss of customers
-wasteful spending
-increasing interest
-increasing debt
Answer:
2. Wasteful Spending
Explanation:
Which careers require a person to find independence in working alone?
Answer:
Visual Arts??
Explanation:
When they work on every visual art project, the artists want to be isolated and away from anyone. Few examples of visual artwork are architecture, craft, painting, and photography, and a lot more can be applied to this category. In any situation, though the artist likes solitude and being alone since it means that they are closer to nature, and can therefore rely more on their work that can be ruined by even the slightest flaw.
what are the major components of a business operating plan?
Answer:
capital
investors
knowledge in field
The first version of Windows to have a Start button and taskbar was?
Windows Vista
O Windows 95
Windows Millennium Edition
O Windows XP
what was the problem with some of the loans that Banks were making
HELP Esmerelda simplified a complex fraction. Her work is shown below. What errors did Esmerelda make? Check all that apply. Esmerelda converted the mixed number to the wrong improper fraction. Esmerelda added the numerators. Esmerelda added the denominators. Esmerelda did not divide –24 by 6 correctly. Esmerelda did not use the reciprocal of the divisor.
Answer:
Esmerelda did not use the reciprocal of the divisor.
Esmerelda added the numerators.
Esmerelda added the denominators.
Explanation:
Note: This question is not complete as it omitted the work of Esmerelda. Her work is therefore provide to complete the question as follows:
[tex]\frac{-5\frac{1}{4} }{\frac{3}{2} } = \frac{-\frac{21}{4} }{\frac{3}{2} } =(-\frac{21}{4})(\frac{3}{2}) = -\frac{24}{6} = -4[/tex]
The explanation of the answer is now provided as follows:
Esmerelda did not use the reciprocal of the divisor
This is corrected by using the reciprocal of the divisor as follows:
[tex]\frac{-5\frac{1}{4} }{\frac{3}{2} } = \frac{-\frac{21}{4} }{\frac{3}{2} } =(-\frac{21}{4})(\frac{2}{3})[/tex]
Esmerelda added the numerators and Esmerelda added the denominators
These two are corrected together by multiplying the numerators separately and and multiplying the denominators separately as follows:
[tex]\frac{-5\frac{1}{4} }{\frac{3}{2} } = \frac{-\frac{21}{4} }{\frac{3\\}{2} } =(-\frac{21}{4})(\frac{2}{3}) = -\frac{21*2}{4*3}[/tex]
Based on the above, the correct answer of the work of Esmerelda can be obtained as follows:
[tex]\frac{-5\frac{1}{4} }{\frac{3}{2} } = \frac{-\frac{21}{4} }{\frac{3\\}{2} } =(-\frac{21}{4})(\frac{2}{3}) = -\frac{21*2}{4*3} =- \frac{42}{12} = -3\frac{1}{2}[/tex]
The final answer can also be provided in 2 decimal places as follows:
[tex]\frac{-5\frac{1}{4} }{\frac{3}{2} } = \frac{-\frac{21}{4} }{\frac{3\\}{2} } =(-\frac{21}{4})(\frac{2}{3}) = -\frac{21*2}{4*3} =- \frac{42}{12} = -3\frac{1}{2} = -3.50[/tex]
As a private limited firm dealing with garment manufacturing, you have little cash in hand but considerable business potential. You suddenly get
an order to deliver 1,000 shirts at a price of $50 each. You have the entire infrastructure in place, but need $15,000 to procure the fabric and
accessories for shirts. How will you raise money to serve this order? How will the answer differ if the business is a sole proprietorship?
Answer:
Bank loans
Financial institutuions loans
Creditors
Explanation:
A private limited company depends on its retained earnings or assets . The other option available is that of getting financed through bank loans or other institutions serving as creditors to invest and the company may record the loan as accounts payable or long term loan which ever is possible.
The same would be for the sole proprietorship because it can even generate funds through bank loans or creditors.
In case of the public limited company the it would be different as it can raise funds through issuing new shares.
Do you think it is possible for a bad strategy to be implemented and executed well and
to create value for the business? Explain your answer.
Answer:
yes its possible for bad strategy to be implemented and executed well and
to create value for the business
explain the components of external environment.
Answer:
The external environment is split into two categories: micro and macro. Larger sociocultural influences that impact society as a whole are included in the macro or wide environment. It consists of six elements: the demographic, economic, physical, technological, political-legal, and social-cultural environments.
Explanation:
Hope this helps!
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A scientist has samples of both nitrogen (N2) and hydrogen (H2). Both of these substances are odorless, colorless gases at room temperature. The scientist places the samples into a closed flask and heats the flask. A colorless gas that has a strong odor forms. Which of these best describes what happened?'
A.
A mixture formed when nitrogen and hydrogen combined.
B.
A pure substance that is chemically identical to both nitrogen and oxygen formed.
C.
A new compound formed when nitrogen and hydrogen chemically reacted.
D.
A new element formed when oxygen and nitrogen atoms turned into new kinds of atoms.
Answer: C. A new compound formed when nitrogen and hydrogen chemically reacted.
Explanation:
Due to the temperature increase, the atoms of both Nitrogen and Hydrogen reacted chemically with one another and formed a new compound which was still colorless but now had a strong odor as well.
This new compound is known as Ammonia with the chemical composition NH₃. It is formed when Hydrogen and Nitrogen react chemically. Ammonia is a colorless gas with a sharp strong odor.
Select three things are included in a product requirements document.(more than one answer)
[ ]customer stories
[ ]request for proposal
[ ]service providers
[ ]business plan
[ ]market data
Answer:
b d e
If i am wrong i am sorry
The correct answers are B,D, and E.
B. request for proposal
D. business plan
E. market data
when you should send an email
A. when the subject matter is extremely private
B.when the subject matter is objective and informative
C. when the subject matter is emotional
D. when the subject matter is sensitive in nature
B. When the subject matter is objective and informative
You should send an email when the subject matter is objective and informative. Hence, Option B. is correct.
Email is a fantastic manner to communicate when the subject matter is objective and informative. A way to communicate between people using the internet and electronic gadgets is via email. Because emails are a fantastic method to discuss and highlight vital information without containing a personal opinion, which is especially critical in a business context, you should send an email when the subject matter is objective and instructive.
Therefore, the correct option is option B.
Learn more about email, here:
https://brainly.com/question/16557676
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Which of the following is NOT a commonly used method to resolve
conflicts?
a)Mediation
b) Arbitration
c) Union Representation
d)Repossession
Answer:
d)Repossession
Explanation:
Conflicts arise out of serious disagreement of ideas, feelings, methodology, or actions. If unchecked, conflicts can result in a tense working environment, reduced morale, low productivity, or even violent behavior. To avoid the adverse effects of conflicts, the conflicting parties seek ways of resolving their differences.
Mediation, arbitration, and union representation are ways o resolving conflicts. They involve the use of an independent third party to help settle or issue directions on the matter, causing conflicts. Repossession is the recovery of goods or assets in case a buyer is unable to pay. It is a debt recovery tool.
For a criminal case, which of the following represents the correct order of
events during a trial?
A. The State presents opening arguments, then the defense presents
opening arguments; The State presents its case first, then the
defense presents its case.
B. The defense presents opening arguments, then the State presents
opening arguments; The State presents its case first, then the defense presents its case.
C. The defense presents opening arguments, then the State presents
opening arguments; The defense presents its case first, then the State presents its case.
D. The State presents opening arguments, then the defense presents
opening arguments; The defense presents its case first, then the State presents its case.
Answer: A. The State presents opening arguments, then the defense presents opening arguments; The State presents its case first, then the defense presents its case.
Explanation:
In a criminal trial the burden of proof lies with the State which means that it is up to them to prove that the individual is either guilty or not. For this reason they have to give the opening arguments.
The defense then gives their opening statement as well. After this is done the State presents its case and the facts thereof to the jury. The defense will now come and present its case and show their own interpretation of the facts of the case.
what is meaning of GST
Explanation:
goods and service tax I think that is the answer
The rule of equal marginal utility per dollar spent suggests that consumers maximize utility by A. Equalizing across goods and services. B. Equalizing the marginal utility per dollar spent across goods and services. C. The marginal utility per dollar spent across goods and services. D. . E. Maximizing the marginal rate of substitution.
Explanation:
B-Equalizing the marginal utility per dollar spent across goods and services
Pls mark brainliest
If i make $7,800 a week from my job , how much would my yearly salary would be ?
(A) $205,500
(B) $405,600
(C) $605,700
(D) $805,800
Answer:
You would make $405,600.
Explanation:
There are 52 weeks in a year, and you make 7,800 in a week.
7,800 * 52 = 405,600
Answer:
ummm hold let me do the math it would be b i think