The number of employed workers and the unemployment rate would change in employed workers, but there would be no change if discouraged jobless workers gave up looking for work, lowering the unemployment rate.
How much unemployment is there?The unemployment rate is the percentage of the working population that is unemployed. Since it is a trailing indicator, changes in economic conditions usually cause it to rise or fall rather than predict them. If the economy is struggling and there aren't many jobs available, the unemployment rate is likely to rise.
It is typical to anticipate a decline in it when the labor market is strong and there are many open positions in the economy. Unemployment is one of the metrics of economic health that is most widely watched, along with GDP and the consumer price index.
The stock market and inflation, two essential measures of the health of the economy as a whole, are inversely related to unemployment.
Correct question:
If unemployed workers become discouraged and give up trying to find work, the number of workers employed and the unemployment rate would change in which of the following ways?
workers employed
no change
unemployment rate
decrease.
Learn more about unemployment rates with the help of the given link:
brainly.com/question/29400063
#SPJ4
suppose the market price of pizzas in a university town recently decreased. economics students studying at the university are discussing potential causes of the price decrease. one group of students theorize that the price decreased because a new type of pizza oven allows pizza shops to make a pizza in half the time. others claim the decrease in the price of pizzas is because of a recent decrease in college student enrollment.
The answer is, The supply curve will shift rightward, According to the first group, the price of pizza decreased due to the price of dough which means that the supply of pizza will increase and the supply curve will shift rightward.
What does supply mean in plain terms?Supply is a fundamental economic concept that describes the overall quantity of a specific good or service that is made available to buyers. Demand and it are extremely tightly tied to one another. Prices of a given good or service decline as supply outpaces demand.
What's a good illustration of supply?For instance, if the cost of video gaming consoles rises, a company will produce more of them. If video game console prices fall, the opposite is true. If the price is $200 per system, the corporation might sell 1 million, but if it goes up to $300 per system, they might sell 1.5 million.
To know more about Supply visit:
https://brainly.com/question/29993574
#SPJ1
(T/F) Credit unions are nonprofit depository institutions that serve members who have a common affiliation (such as the same employer or same community).
The given statement "credit unions are nonprofit depository organizations that serve members who have a common affiliation, such as the same employer or same community" is true because credit unions are nonprofit depository institutions that serve members who have a common affiliation, such as the same employer, same community, or other qualifying criteria.
Credit unions are owned by their members and exist to serve their financial needs, rather than to generate profits for shareholders. Because credit unions are nonprofit organizations, they typically offer lower fees and interest rates on loans, as well as higher interest rates on deposits, than traditional for-profit banks. Credit unions are regulated by the National Credit Union Administration (NCUA), and deposits in credit unions are insured by the National Credit Union Share Insurance Fund (NCUSIF), up to certain limits.
You can learn more about credit unions at
https://brainly.com/question/2279124
#SPJ4
a company purchases supplies for $500 cash. this transaction would be journalized with a debit to the account and a credit to the account.
A supply purchase made on credit results in a credit to accounts payable and a debit to supplies expense. For instance, a transaction might be recorded as a debit to the supplies account and a credit to the accounts receivable account when a business purchases supplies on credit.
You must create a journal entry with one debit and one credit whenever you buy materials on account. The debit is applied to the supply expenditure account, a temporary account intended to record costs that will appear on the income statement. Debit transaction the work-in-progress inventory account for direct materials and credit the raw materials inventory account.
To learn more about credit, click here.
https://brainly.com/question/1475993
#SPJ4
the demand curve for a monopolistically competitive firm isdownward sloping because responses A. there are a large number of firms there are a large number of firms B. the product is produced by using scarce resources C. the products produced by different firms are not identical
D. it is easy for firms to enter or exit the market E. the marginal cost rises as output produced increases
The correct option D. it is easy for firms to enter or exit the market , in the monopolistically competitive firm.
Explain about the demand curve in monopolistically competitive firm?In-between is monopolistic competition. It features numerous businesses vying for customers while offering products that are unique in some way.
Examples include clothing stores that sell several apparel trends, eateries or grocery shops that offer various food varieties, and even goods that could be at least superficially comparable but have diverse public perceptions due to branding and advertising. The fact that a perfectly competitive firm may sell any amount it wants at the going market price serves as a reminder that demand curve faced by such a firm is completely elastic or flat. In contrast, a monopolist faces the demand curve, which is downward sloping because a monopolist is the one company in the market.Thus, due to the ease of entry into and exiting the market, a monopolistically competitive firm's demand curve slopes downward.
To know more about the demand curve, here
https://brainly.com/question/1139186
#SPJ4
william and nigel decide to start a partnership business. they ask their friend sophia to become a limited partner in order to help them with additional funds to get the business started. which of the following statements about sophia would be correct if she becomes and remains a limited partner in this scenario?A. She may be involved in management of the business but to a rather limited degree. B. She cannot be entitled to any share in the profits of the business. C. She may lose her investment if the business fails, but she will have no personal liability for partnership debts. D. She may be considered an employee and therefore will be entitled to wages for the services she rend to the partnership.
In the given situation the correct option is (C) if the company fails, Sophia might lose her investment, but she won't be held personally liable for partnership debts.
What do we mean by partnership debts?Initially, creditors will demand that the company pay its own debts.
The creditors may ask the individual partners to make payments if the company is unable to.
For the firm's obligations, partners are "jointly and severally accountable."
This implies that any partner is subject to legal action by the company's creditors.
In a general partnership, each partner is entirely responsible for the partnership's debts and liabilities, including those resulting from capital or finance commitments as well as judgment-related damages.
So, if the company fails, Sophia might lose her investment, but she won't be held personally liable for partnership debts.
Shareholders in a corporation and limited partners who do not engage in management risk losing their investment if the company fails.
However, they are no longer liable to the company's creditors or the people who were harmed by the company's negligence.
Therefore, in the given situation the correct option is (C) if the company fails, Sophia might lose her investment, but she won't be held personally liable for partnership debts.
know more about partnership debts here:
https://brainly.com/question/13551671
#SPJ4
Suppose a factory added $5,000 worth of output this year. Incidentally, the waste from this factory caused $1,000 worth of loss to the neighboring waterways. As a result, GDP will
Let's say a factory increased production by $5,000 this year. The garbage from this plant incidentally cost the nearby waterways $1,000 in damage. Thus, the GDP will rise by $5,000.
Describe GDP.The GDP estimates the monetary value of the final goods and services—those consumed by consumers—produced in a country over a given time frame (say a quarter or a year). It accounts for all the output created within a country's borders.
Products and services produced for market consumption as well as some nonmarket production, such as defense or educational services provided by the government, are both included in GDP.
Another term for entire national output is the gross national product or GNP. As a result, if a German-owned company runs a facility in the US, the output would be added to German GNP rather than US GDP.
Learn more about GDP with the help of the given link:
brainly.com/question/30111703
#SPJ4
Correct question:
Suppose a factory added $5,000 worth of output this year. Incidentally, the waste from this factory caused $1,000 worth of loss to the neighboring waterways. As a result, GDP will
increase by $5,000.
decrease by $4,000.
increase by $1,000.
increase by $4,000.
which of the following accounts are listed in a post-closing trial balance? (select all that apply.) check all that apply salaries expense salaries expense supplies supplies retained earnings retained earnings dividends dividends service revenue service revenue
Salaries expense, suppliers and dividends are listed in post-closing trial balance.
What is Salaries expense?Salaries expense is the cost incurred by a company for the compensation paid to its employees. This includes all forms of payment to employees, including salaries, wages, bonuses, commissions, and benefits. The salaries expense is a significant expense item for most businesses, and it is critical to accurately track and record all employee-related costs to ensure accurate financial statements. In addition, the salaries expense also includes employer contributions to employee benefits such as health insurance, retirement plans, and payroll taxes. It is important for companies to budget for salaries expense, as it is a significant factor in determining profitability and cash flow. Effective management of salaries expense requires a combination of proper staffing levels, competitive compensation, and efficient payroll processes.
To learn more about Salaries expense, visit:
https://brainly.com/question/17252581
#SPJ1
barrina bu 2000 led grow light, full spectrum with ir, 4x4ft coverage, dimmable, adjustable light panel, 816 leds, high ppfd, plant grow light for indoor plants seedling growing flowering fruiting visit the barrina store
The Barrina BU 2000 LED grow light is a full-spectrum light panel designed for indoor plant growing. It features 816 LEDs with high PPFD (Photosynthetic Photon Flux Density) output, providing a wide range of wavelengths that can support various stages of plant growth from seedling to flowering and fruiting.
This grow light is suitable for a 4x4ft coverage area and is dimmable with adjustable light panels, allowing you to customize the light intensity according to your plants' needs. It also includes IR (infrared) wavelengths, which can enhance plant growth and promote photosynthesis.
Overall, the Barrina BU 2000 LED grow light is a great choice for indoor gardening enthusiasts who want to provide their plants with optimal lighting conditions for healthy and vigorous growth.
For such more question on features
https://brainly.com/question/28525289
#SPJ4
which of the following reflects a way of expressing information about the amount of coffee cups producers are willing and able to produce?
a) Supply curve and supply schedule reflects a way of express-ing inform-ation about the amount of coffee cups producers that are will-ing and able to produce.
A supply schedule is a table that sho-ws the quan-tity supplied at each price. A supply curve is a graph that sho-ws the quantity supplied at each price. Some-times the supply curve is called a supply schedule beca-use it is a graphical represent-ation of the supply schedule.
A supply schedule is a tabular depict-ion of the relation-ship between price and quantity supplied, represented graph-ically as a supply curve. A firm's supply sche-dule helps to make the supply curve.
Complete question- which of the following reflects a way of expressing information about the amount of coffee cups producers are willing and able to produce?
a) Supply curve and supply schedule
b) Demand curve and demand schedule
To know more about supply curve click below:
brainly.com/question/30329695
#SPJ4
suppose low-income people have preferences for nonfood consumption (nf) and for food consumption (f). in the absence of any income transfer programs, a person's budget constraint is given by
The initial utility-maximizing situation for this low-income person is graphed in attachment.
What is budget constraint?Budget restrictions alter in tandem with shifting income when a consumer's income varies. With each change in the price of one of the commodities, the budget restriction moves further away from one of the end points. Budget Restraint: Prices, income, and governmental policies all have an effect on how much a consumer may spend by affecting the exchange rate at which one good can be swapped for another.
A low-income person’s budget constraint in the absence of an income transfer program is
[tex]\mathrm{NF + P_fF = I}[/tex]
where PF is the price of food relative to non-food items and NF and I are measured in terms of non-food prices (that is, dollars).
(Check the graph in attachment)
The consumer spends NF₁ amount on non-food consumption and consumes F₁ units of food items.
To know more about budget constraint visit:
brainly.com/question/14611599
#SPJ4
Consider many changes (shocks) that can affect the market for oil. Predict how each of the following events will affect the equilibrium price and quantity in the market for oil. In each case, sketch a supply and demand diagram to support your answer, using the 4-step process, perform equilibrium analysis (what happens to Q and P in equilibrium ).
Solve for all eight of these shocks using the 4-step process. Use words to describe the figures:
a. Cars are becoming more fuel efficient, and therefore get more miles to the gallon.
b. The winter is exceptionally cold this year.
c. A major discovery of new oil is made off the coast of Norway.
d. The economies of some major oil-using nations, like Japan, slow down.
e. A war in the Middle East disrupts oil-pumping schedules.
f. Landlords install additional insulation in buildings.
g. The price of solar energy falls dramatically.
h. Chemical companies invent a new, popular kind of plastic made from oil.
Less gasoline is required as a result of more fuel-efficient vehicles. Due to this, demand for oil and, consequently, gasoline shifts to the left.
Why was a significant oil discovery made off the Norwegian coast?New oil will be found, increasing the supply of oil. This can be depicted as a shift to the right in the supply curve, which will result in a drop in the equilibrium price and a rise in the equilibrium quantity. In order for price and quantity to follow the law of demand, the supply curve shifts the demand curve downward. Quantity rises when the price declines.
Why does the Middle East conflict interfere with oil production schedules?Oil supply will be reduced if the pumping of oil is interrupted. Due to this leftward change in the supply curve, the demand curve will move upward, raising the equilibrium price of oil and lowering the equilibrium quantity.
To learn more about equilibrium price here:
https://brainly.com/question/28527601
#SPJ4
On January 1, you purchase 10 gallons of gasoline at $2.80 per gallon. The gas station purchased the gasoline the previous week at a wholesale price (transportation included) of $2.60 per gallon. Using the expenditure approach, this transaction would be recorded as 0 A. $28 consumption spending plus inventory investment of-$26 0 B. S2 paid to the factors of production at the gas station (wages of employees, interest, taxes, profits). C $28 in consumption spending D. a $2 increase in domestic value added
Using the expenditure approach, this transaction would be recorded as Option (d) a $2 increase in domestic value added.
The total of all products and services obtained in an economy throughout a predetermined time period is factored in when computing gross domestic product (GDP) using the expenditure methodology. All increasing consumer, government spending, company investment spending, and net exports are included in this. Since they both employ its same formula, the final GDP is quantitatively identical to aggregate demand. Spending is implied by the word expenditure. Demand is another word for expenditure. Aggregate demand is the economic term for all consumer expenditure. This means that the formulas for computing GDP and inflationary pressures are interchangeable. Because of this, changes in aggregate demand and GDP must coincide.
learn more about expenditure approach here:
https://brainly.com/question/29829966
#SPJ4
T/F codes of ethical conduct adopted by corporations and professional associations have the same legal status as ordinances.
This statement is True, codes of ethical conduct adopted by corporations and professional associations have the same legal status as ordinances.
Associations refer to groups of individuals or organizations that share a common interest or purpose and work together to achieve their goals. These groups may be formed for a variety of reasons, such as to advocate for a specific cause, promote a particular industry or profession, or provide support and resources to their members.
Associations typically have a formal structure, with bylaws and a governing board, and may offer various services to their members, such as networking opportunities, training and education, and access to specialized resources. They may also engage in lobbying or other advocacy efforts on behalf of their members. Associations can be found in many different fields, including business, healthcare, education, and the arts.
To learn more about Associations visit here:
brainly.com/question/9511999
#SPJ4
An automated car wash serves customers with the following serial process: pretreat, wash, rinse, wax, hand dry. Each of these steps is performed by a dedicated machine except for the hand-dry step, which is performed manually on each car by one of three workers. The steps of the process have the following processing times:
Pretreat: 2 minute per car
Wash: 7 minutes per car
Rinse: 1 minutes per car
Wax: 4 minutes per car
Hand dry: 6 minutes per car
a. Which resource is the bottleneck of this process? Round your answer to 2 decimal places. b. If the car wash has a demand of 14 cars per hour, what is the flow rate of the process? cut. customers per hour Round your answer to 2 decimal places. If the car wash has a demand of 14 cars per hour, what is the utilization of the machine that C. performs the Wax process? percent Round your answer to 2 decimal places. d. If the car wash has a demand of 8 cars per hour, what is the utilization of hand dry? percent perce Round your answer to 2 decimal places. If the car wash has a demand of 8 cars per hour, what is the cycle time of the process (minutes)? minutes Round your answer to nearest whole number. Starting from an empty system (and assuming the stations can work independently), how long would it take (minutes) to wash 7 cars? Assume demand is 14 cars per hour. minutes
The smallest capacity is in the wash.The Wash process, which has a capacity of 12 automobiles per hour, is the bottleneck. The minimum capacity of a bottleneck and demand are represented by the flow rate.
What are the answers ?If the flow is 12 cars each hour and the need is 15 cars every hr, the waxing machine's capacity is 1/3 of 60, or 20 cars for every hour. This machine has a utilisation of 12/20, or 60%.The capacity of the hand dry was 22.5 cars / hour, and the flow rate was 10 cars / hour. Utilization is therefore 10/22.5 or 0.444 .Utilization is therefore 10/22.5 or 0.444 Demand is limited, thus the flow rate is ten automobiles per hour. The operating cycle is 60/10, which equals 6 minutes. It takes 1 + 5 + 2 + 3 + 8 = 19 mins to complete the first unit. The remaining 4 take 4 x 5 minutes, or 20 minutes. 19 plus 20 equals a total of 39 minutes.
To know more about flow rate visit:
https://brainly.com/question/27880305
#SPJ1
which of the following is not a characteristic used by companies to segment a market? geographic location loyalty status benefits sought operating characteristics
Among the listed options, the one that is not characteristic used by companies to segment a market is operating characteristics.
Some common characteristics used to define market segments include:
Demographic characteristics: These include age, gender, income, education, occupation, and other personal characteristics that may influence consumer behavior.Geographic characteristics: These include location, region, climate, and other geographic factors that may influence consumer behavior.Psychographic characteristics: These include personality, lifestyle, values, interests, and other psychological or emotional factors that may influence consumer behavior.Behavioral characteristics: These include buying behavior, product usage, brand loyalty, and other behavioral factors that may influence consumer behavior.Needs-based characteristics: These include specific needs or problems that customers are trying to solve, which may influence their purchasing decisions.Learn more about market segment here:
https://brainly.com/question/5545577
#SPJ4
Which of the following items is not a reconciling item in the income tax footnote?
a) State income taxes
b) Foreign income taxes
c) Depreciation and Amortization
d) Dividends received deduction
e) Tax-exempt municipal bond interest
C) Depreciation and Amortization is not reconciling item in the income tax footnote.
The reconciling items in the income tax footnote are those items that result in a difference between the amount of income taxes reported in the financial statements and the amount of income taxes calculated using the applicable tax rates. These items can include items that are not deductible for tax purposes, such as state income taxes and foreign income taxes, and items that are subject to special tax treatment, such as the dividends received deduction and tax-exempt municipal bond interest.
Depreciation and amortization, however, are not typically included as reconciling items in the income tax footnote because they are generally deductible for tax purposes and therefore do not result in a difference between financial statement income and taxable income.
For more such questions finance: brainly.com/question/12957049
#SPJ4
For borrowers who carry a balance on their credit cards, which of the following methods essentially gives the consumer free credit from the date of purchase until the beginning of the next billing cycle?
Average daily balance method with a grace period.
Average daily balance method without a grace period.
Previous balance method.
None of the above.
The following method that essentially gives the consumer free credit is A. Average daily balance method with a grace period. This method essentially gives consumers free credit from the date of purchase until the beginning of the next billing cycle for borrowers who carry a balance on their credit cards.
The method that essentially gives the consumer free credit from the date of purchase until the beginning of the next billing cycle for borrowers who carry a balance on their credit cards is the "Average daily balance method with a grace period". This method allows the consumer to avoid paying interest on new purchases if the balance is paid in full by the due date. It is important to note that if the balance is not paid in full by the due date, interest will be charged on the entire balance.
Here you can learn more about credit cards https://brainly.com/question/30940802
#SPJ11
Suppose a study finds that drinking a daily glass of orange juice reduces the risk of heart disease. Instruction: Depict how this event will affect the market for oranges by dragging the appropriate curve in the graph. What will happen to the equilibrium price and quantity of oranges? O Equilibrium price will decrease and equilibrium quantity will increaseO Equilibrium price and equilibrium quantity will decrease O Equilibrium price and equilibrium quantity will increase O Equilibrium price will increase and equilibrium quantity will decrease.
The equilibrium price and quantity of oranges will increase. The correct option is C.
What happens to equilibrium when the price is increased?Changes in supply and/or demand determinants result in a new equilibrium price and quantity. When supply or demand changes, the old price no longer serves as an equilibrium. Instead, there will be a scarcity or surplus, and prices will adjust until a new equilibrium is reached.
If demand rises while all other factors remain constant, the equilibrium price rises and the quantity supplied rises. When demand falls, the equilibrium price falls, and the quantity supplied falls.
Thus, the ideal selection is option C.
Learn more about equilibrium here:
https://brainly.com/question/28527601
#SPJ1
A brand like Home-Depot that is famous for offering home improvement products at a lower cost compared to its competitors is an example of which of the following competitive advantage strategies?
Group of answer choices
Cost Leadership
Cost Focus
Differentiation
Differentiation Focus
Answer:
Cost Focus
Explanation:
The difference between the two brands is the price of the product. And the lower cost one is more attractive to the customer. Therefore the competitive advantage strategy used is cost focus. Hope this helped!
BUSN 101 quiz3
Ivy tech community college
Ivy Tech Community College is a public institution of higher education that serves communities throughout Indiana.
What is Ivy Tech Community College?Generally, 'Established in 1963, the college offers more than 200 associate degree and certificate programs in fields such as business, health sciences, engineering, and public service.
Ivy Tech also offers online and hybrid courses and programs to provide students with the flexibility they need to pursue their educational goals.
In addition to its academic offerings, the college provides career services, financial aid services, and resources to help students succeed in their studies.
Read more about Ivy Tech Community College
https://brainly.com/question/29287658
#SPJ1
Chi Homework 6 Ramort Company reports the following for its Single product. Ramort produced and sold 21,200 units this year. Part 2013 I Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price $ 16 per unit $ 18 per unit 5.9 per unit $42.400 per year 5.2 per unit $ 66,400 per year 5.78 per unit 153 DO Ramont doubles its production from 21.200 to 42,400 units while sales remain at the current 21.200 unit level () Computer gross profit when production is 42,400 units under absorption costing (b) What is the change in gross profit by increasing production from 21.200 units to 42.400 units under absorption costing cBook Complete this question by entering your answers in the tabs below. o Deferences Required A Required Compute gross profit when production is 42,400 units under absorption costing. RAMORT COMPANY Gross Profit (Absorption Costing! Sales Cost of goods sold Gross prot 1,653 600 Required
The Computer gross profit when production is 42,400 units under absorption costing would be equal to 200.
A managerial accounting technique known as "absorption costing," also known as "full costing," is used to record all expenses related to producing a specific product. This strategy accounts with all expenditures, both direct and indirect, including rent, insurance, direct labor cost, and direct labor. Absorption costing is authorized for auditing under generally accepted accounting standards (GAAP), while variable costing is not. With just this technique of costing, increased charge is added to the final inventory, which is passed over as a liability towards the following decade's balance sheet. When employing absorption costing, costs on the net income are lower since more costs are paid for that in ending inventories.
learn more about absorption costing here:
https://brainly.com/question/14347350
#SPJ4
The accompanying table shows data on nominal GDP (in billions of dollars), real GDP (in billions of 2012 dollars), and population (in thousands) of the United States in 1968, 1978, 1988, 1998, 2008, and 2018. The U.S. price level rose consistently over the period 1968–2018.
a. Why is real GDP greater than nominal GDP for all years until 2008 and lower for 2018?
The value of GDP fell dramatically after 2008.
There was inflation until 2008 and deflation after 2008.
The base year is 2012, and prices rose from 1968 to 2018.
Because 2012 is the base year, real and nominal GDP in years prior to 2012 are equal, but price changes post‑2012 drove them apart.
Calculate the percentage change in real GDP for the following periods (round answers to the nearest tenth):
1968–1978:
%
1978–1988:
%
1988–1998:
%
1998–2008:
%
2008–2018:
%
Which period had the highest growth rate?
1968–1978
1978–1988
1988–1998
1998–2008
2008–2018
It takes inflation into account, real GDP is frequently favored over nominal GDP. Thus, in real (constant-dollar) terms, if nominal GDP increased by 4% in a given year but inflation was 5%, it actually decreased by 1%.
For what reason is real GDP lower than nominal GDP each year after 2012?The total value of all goods produced in a nation over the course of a single year is measured by both the nominal GDP (GDP) and the real GDP (Real GDP). However, while nominal GDP is not adjusted for inflation, real GDP is. As a result, nominal GDP is almost always slightly higher than real GDP.
In the United States, why has nominal GDP grown faster than real GDP over time?Because of the ever-increasing prices of goods and services, which indicate a higher rate of inflation, nominal GDP in the United States has grown faster than real GDP over time.
To learn more about nominal GDP here:
https://brainly.com/question/15171681
#SPJ1
wilson owned equipment with an estimated life of 10 years when the equipment was acquired for an original cost of $80,000. the equipment had a book value of $50,000 at january 1, 2020. on january 1, 2020, wilson realized that the useful life of the equipment was longer than originally anticipated, at ten remaining years. on april 1, 2020 simon company, a 90% owned subsidiary of wilson company, bought the equipment from wilson for $68,250 and for depreciation purposes used the estimated remaining life as of that date. the following data are available pertaining to simon's income and dividends declared: 2020 2021 2022 net income $ 100,000 $ 120,000 $ 130,000 dividends declared 40,000 50,000 60,000 compute the amortization of gain through a depreciation adjustment for 2022 for consolidation purposes.
The amortization of gain through a depreciation adjustment for 2022 is $510.32.
How to Calculate Amortization of Gain through a Depreciation Adjustment?To calculate the amortization of gain through a depreciation adjustment for 2022, we first need to calculate the original cost and book value of the equipment on April 1, 2020, when Simon Company bought it from Wilson.
The equipment had an estimated useful life of 10 years when it was acquired, and as of January 1, 2020, it had been in service for (10-2) = 8 years. Therefore, the accumulated depreciation as of January 1, 2020, was $80,000 - $50,000 = $30,000.
Since Simon Company purchased the equipment from Wilson on April 1, 2020, they acquired it with an original cost of $68,250, which is the price at which it was sold by Wilson.
To calculate the book value of the equipment on April 1, 2020, we need to calculate the accumulated depreciation from January 1, 2020, to April 1, 2020. The remaining useful life of the equipment as of January 1, 2020, was 10 years, and as of April 1, 2020, it had a remaining useful life of 8.75 years. Therefore, the accumulated depreciation for the period from January 1, 2020, to April 1, 2020, is ($80,000 / 10) * (0.25) = $2,000.
Thus, the book value of the equipment on April 1, 2020, was $68,250 - $2,000 = $66,250.
To calculate the gain on sale of the equipment, we need to compare the selling price of $68,250 to the book value of $66,250. The gain on sale is $2,000.
Since Simon Company purchased the equipment with a remaining useful life of 8.75 years, they should depreciate it over this period. The annual depreciation expense is ($68,250 - $66,250) / 8.75 = $2,286.
For consolidation purposes, the gain on sale of the equipment should be amortized over its remaining useful life of 8.75 years. Therefore, the amortization of gain through a depreciation adjustment for 2022 is (8.75 - 2) / 8.75 * $2,000 - $2,286 = $510.32.
Learn more about amortization of gain here: https://brainly.com/question/10561878
#SPJ1
During a recession, governments tend to increase ____ to help protect domestic producers by
directly adding to the cost of foreign goods.
(A) import quotas
(B) export restraints
(C) buy domestic laws
(D) export tariffs
(E) import tariffs
The correct answer is (E) import tariffs.
During a recession, governments tend to increase import tariffs to help protect domestic producers by directly adding to the cost of foreign goods.
Import tariffs are taxes levied by a government on imported goods. These tariffs increase the cost of imported goods, making them more expensive for consumers and businesses. Import tariffs are usually imposed to protect domestic industries from foreign competition, as they can make imported products more expensive and less attractive to buyers, which can increase demand for domestically produced goods.
Import tariffs are one of the tools used by governments to regulate international trade. They can be implemented for various reasons, such as protecting national security, promoting domestic industries, or addressing unfair trade practices.
For such more questions International Trade: brainly.com/question/17727564
#SPJ4
research online and find two software tools for bank account reconciliation. try out both tools and write a 500-word report comparing their features and benefits.
For this comparison, I chose to research and evaluate two software tools for bank account reconciliation: Bank Reconciliation Services from Sage and Bank Reconciliation from QuickBooks.
For businesses, bank account reconciliation is a critical component of financial management. Reconciling a bank account involves comparing the transactions recorded in the business’s financial records with the transactions recorded by the bank in the account statement. Reconciliation helps ensure accuracy and completeness of the financial records, and serves as an important internal control measure.
For this comparison, I chose to research and evaluate two software tools for bank account reconciliation: Bank Reconciliation Services from Sage and Bank Reconciliation from QuickBooks.
Sage Bank Reconciliation Services is a cloud-based solution that allows users to quickly reconcile their bank accounts. It is designed to help streamline the bank reconciliation process, saving businesses time and money. The software allows users to easily import bank statements, and provides an intuitive user interface for quickly reconciling transactions.
QuickBooks Bank Reconciliation is another cloud-based solution for reconciling bank accounts. It provides users with an easy-to-use interface for quickly reconciling transactions, and also allows users to easily import bank statements. Additionally, QuickBooks Bank Reconciliation provides users with reporting capabilities, allowing them to generate reports to analyze their financial data.
Sage Bank Reconciliation Services provides an audit trail feature, allowing users to easily review and approve reconciliations. Additionally, Sage Bank Reconciliation Services provides users with a range of reporting capabilities, allowing them to easily analyze their financial data. QuickBooks Bank Reconciliation does not provide an audit trail feature, and does not provide users with the same range of reporting capabilities as Sage Bank Reconciliation Services.
To learn more about bank account reconciliation link is here
brainly.com/question/28436421
#SPJ4
Which of the following would NOT create potential liability for the employer if asked during an interview?
A.Have you ever filed a workers’ compensation claim for a work-related injury or illness?
B.Your accent is beautiful, where are you from?
C.How often do you go out on dates?
D.Why do you want to work for this company?
The answer is option d. Why do you want to work for this company?, this would not create potential liability for the employer if asked during an interview.
A company's simple definition is what?A corporate structure that has a separate legal identity from its owners is a company. Due to additional reporting requirements and more serious legal obligations, it is a complex corporate structure with greater setup and administrative costs.
What does a company's introduction entail?An organization is a voluntarily created group of people who conduct business for profit or non-profit goals. These people invest in the capital by purchasing the shares into which it is divided.
To know more about Company visit:
https://brainly.com/question/30007263
#SPJ1
FILL IN THE BLANK The inventory turnover ratio indicates how many times during the year inventory is _______ and restocked
The inventory turnover ratio indicates how many times during the year inventory is sold and restocked
The inventory turnover ratio is a financial metric used to measure the efficiency with which a company is managing its inventory. It measures the number of times a company sells and replaces its inventory during a specific period, usually a year.
The inventory turnover ratio is calculated by dividing the cost of goods sold (COGS) by the average inventory for a given period. The formula is as follows:
Inventory Turnover Ratio = COGS / Average Inventory
A high inventory turnover ratio indicates that a company is selling its inventory quickly, which can be a positive sign, as it suggests that the company is efficiently managing its inventory and generating revenue.
Learn more about inventory here:
https://brainly.com/question/9459259
#SPJ4
Abdul schedules a meeting with his manager to discuss a trivial matter that could have been handled with a text message. Which of the following unethical practices does this example show?
- undermining his manager
- playing political games with his manager
- taking advantage of his manager
- wasting his manager's time
- discriminating against his manager
Abdul schedules a meeting with his manager to discuss a trivial matter that could have been handled with a text message. An unethical practices which this example show is: taking advantage of his manager. The Option C is correct.
What does an unethical practices means?Unethical practices refer to actions or behaviors that violate ethical or moral standards and principles. These practices can include actions that are harmful, dishonest, fraudulent, or unfair to others.
Examples of unethical practices in various fields include:
In business: fraud, bribery, insider trading, false advertising, discrimination, exploitation of workers, environmental violations, and other illegal or unethical business practices.In healthcare: medical malpractice, overbilling, insurance fraud, patient mistreatment, and other violations of ethical standards in patient care.In research: falsification of data, plagiarism, inappropriate use of research funds, and other unethical practices that violate research ethics.In education: cheating, plagiarism, discrimination, and other unethical practices that violate academic integrity etc.Read more about unethical practices
brainly.com/question/24518056
#SPJ1
Assume you are a hotel manager who is very concerned about providing quality guess services. List three critical topics you would discuss in a guest service training session presented to all new employees at the time of their orientation.
Introduce staff, highlight a role of fulfilling guests, & cover how to focus. Train kids to talk with users in a safer way. Be open to them. Be cheery at all days if deal to guest, so not call us run or feel uneasy.
Staff: Who are they?All of the workers at a company or, more specifically, all of the teachers at a school are collectively referred to as "the staff" when using the term "staff." A long metal stick or rod with a specified use, such as a stick or a weapon, is another entirely different definition of the word "staff."
Why is staff needed?The term "staff" refers to an organization's workforce as a whole. It may refer to a specific group of employees or to all employees. In the military, the phrase has a distinct human relations meaning. It can be used as a verb to supply labor, such as by staffing a department.
To know more about staff visit:
https://brainly.com/question/30167519
#SPJ1
which of the following refers to a unique brand attribute that is significantly important to consumers
e. Brand meaning refers to a unique brand attribute that is significantly important to consumers
A brand is a product, service, or an idea that is publicly set apart from similar ones so that it can be promoted and communicated more effectively. A distinctive brand characteristic that is very valuable to customers is referred to as brand meaning. The distinctive and significant associations that customers have with a brand are referred to as brand meaning.
A brand develops a distinct identity and distinguishes itself from its rivals based on its image, personality, values, and other intangible characteristics. Businesses can build deep emotional bonds with their clients and set themselves apart from competitors by developing powerful and positive brand meanings.
Complete Question:
Which of the following refers to a unique brand attribute that is significantly important to customers?
A) brand parity
B) brand equity
C) competitive advantage
D) psychological pricing
E) brand meaning
Read more about brand on:
https://brainly.com/question/29781737
#SPJ4