Farr Company purchased a new van for floral deliveries on January 1, 2021. The van cost $56,000 and has an estimated life of five years and $14,000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the balance of the Accumulated Depreciation account at the end of 2022?
Answer:
$15,120
Explanation:
Dec 2021 Depreciation ($56,000 - $14000) / 5 = $8400
Dec 2022 Depreciation ($56,000-$8400 - $14000) / 5 = $6720
Accumulated Depreciation = $8400 + $6720 = $15,120
HELP ASAP
match the terms with their definitions
Inflation
Economizing
cost- push pricing
Target audience
demand-pull inflation
cost-plus pricing
comparison shopping
Markup
1.
Setting a price based on production costs plus a markup
2.
Checking prices, brands, and quality among several sellers
to make sure you are getting the best deal
3.
Rising prices as a result of rising production costs
4.
An increase in the general level of prices for goods and services
5.
Saving as much as possible and spending money only when necessary
6.
A specific consumer group who are likely to buy a product
7.
Rising prices as a result of consumers wanting to buy more
goods and services than producers supply
8.
The percentage amount added to production cost to obtain the price of an item
Answer:
4, 5, 3, 6, 7, 8, 2, 1,
Explanation:
Fantastic Frames sells units for $15 each. Variable costs total $6 per unit, and fixed costs total $90,000. If the number of units being sold increases by 2,000, net operating income will
If the number of units sold by Fantastic Frames increased by 2,000, the net operating income will increase by $18,000.
What is the net operating income?This can be found as:
= (Selling price - Variable cost) x Number of units sold
Solving gives:
= (15 - 6) x 2,000
= 9 x 2,000
= $18,000
Net operating income will increase by $18,000.
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The par value per share of common stock represents the:.
Mario has completed the first step in his HR planning, and is ready to begin the second step, which is
After Mario has completed the first step in his HR planning, the next step is the program goals setting.
What is planning?It should be noted that HR planning is important in an organization in order to achieve the goals and objectives of such organization.
In this case, after Mario has completed the first step in his HR planning, the next step is the program goals setting.
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When a private company wants to offer stock on the stock market, they go through the _______ process.
Answer:
Initial Public Offering
Explanation:
An initial public offering or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also retail investors.
Most workplace communications will involve routine messages that are positive or neutral. Therefore, they should be organized using the ____________________ strategy.
It should be noted that Most workplace communications will involve routine messages that are positive or neutral by using the communication strategy.
What is workplace communications?workplace communications serve as a means by which the employees can work together and have effective communication so the goal of organization can be achieved.
workplace communications is important because it will involve routine messages that are positive or neutral
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The ______ theories of international trade predict that free trade allows countries to specialize in producing goods and services that they are most efficient at producing, and unrestricted free trade encourages this specialization.
Heckscher-Ohlin model theory predict that free trade allows countries to specialize in producing goods and services that they are most efficient at producing.
What is Heckscher-Ohlin model all about?The Heckscher-Ohlin model theory can be regarded as one that explain that economic that countries do export what they can most efficiently and plentifully produce.
This theory explain that this production of theses goods aids specialization.
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As more of a product is consumed, total utility ______ at a diminishing rate, reaches a maximum, and then ______.
The law of diminishing marginal utility states that as consumption increases, the marginal utility derived from each additional unit declines. Hence, it increases then decreases.
As more of a product is consumed, total utility increases at a diminishing rate, reaches a maximum, and then decreases.
What Is Total Utility?Total utility is the total amount of satisfaction or fulfillment that a consumer gets through the consumption of a specific good or service.
Therefore, the answers are it increases then decreases.
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Accounts receivable, net of the allowance for doubtful accounts is called:.
Accounts receivable, net of the allowance for doubtful accounts is called net realizable value.
What is net realizable value?Net realizable value is the method of knowing the value of asset that is held as inventory. The purpose of this method is to avoid overstating or understating the value of an goods in inventory.
The net realizable value is the result of deducting the costs incurred in selling the goods from its selling price.
Hence, accounts receivable, net of the allowance for doubtful accounts is called net realizable value.
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Antonio, the president, says, "The top priority is getting money to hire trainers and consultants. " He laughs: "If we don't get some money in the door, we won't be able to run the lights and scoreboard, either!" He looks at you and says, "I'm counting on you personally to bring in the largest sum, $10,000, okay? I'll make sure your efforts get noticed back at the office. " As you nod tentatively, wondering how you're going to obtain such a large sponsorship, you're reminded that Antonio is your manager at a brokerage firm
The response to whether Antonio is displaying leadership or power in this meeting is A) Antonio is reminding you that you are dependent upon him in your work life.
Antonio is reminding you that you are dependent upon him in your work life so you will make certain to obtain $10,000 for the team.
This implies that Antonio is displaying power combined with leadership. In leadership jargon, this is known as an influence.
What is an influence in leadership?Influence is a core skill in leadership.
Influence in leadership means the ability to affect the behavior of followers in a particular direction by leveraging key tactics that:
InvolveConnectInspireDeliver results.Without influence, a leader lacks the ability to impact the behaviors, attitudes, opinions, and choices of the followers.
Question completion with answer options:Is Antonio displaying leadership or power in this meeting? Select an option from the choices below.
A) Antonio is reminding you that you are dependent upon him in your work life so you will make certain to obtain $10,000 for the team.
B) Antonio is simply making assignments and offering to help you out back at your workplace Leadership.
C) Antonio knows that you're the best person to raise the funds needed and he's supportively recognizing your ability to the group.
Thus, Antonio is displaying power combined with leadership, which is regarded as an influence in leadership circles.
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____________ reflects the degree to which a person finds fulfillment in their job. a. Job involvement b. Organizational commitment c. Organizational citizenship d. Cognitive dissonance e. Job satisfaction
It should be noted that Job satisfaction reflects the degree to which a person finds fulfillment in their job.
What is Job satisfaction?Job satisfaction or employee satisfaction can be regarded as the measure of workers' contentedness with their job.
Job satisfaction help the workers to be committed to his job.
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Which tend to be more volatile, short- or long-term interest rates?.
Answer:
Short-term rates
Explanation:
are more volatile than long-term rates and move more quickly than long-term rates
Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah's Cycles on February 1 for $1,250 (cost of goods sold of $725). On February 9, Sarah's Cycles returned to Cycle Wholesaling one-quarter of the merchandise from February 1 (cost of goods returned was $195). Cycle Wholesaling uses a perpetual inventory system, and it allows returns only within 15 days of initial sale. Required:
Answer:
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
4. 9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. 2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
B. Gross profit percentage=43.47%
Explanation:
A. Preparation of the journal entries to record sales , goods return on February 9 and Cash collected on March 2
1 to 3 Preparation of the journal entries to record sales
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
(1/4*1,250)
4. Preparation of the journal entry to record goods return on February 9
9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. Preparation of the journal entry to record collected on March 2
2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
(1,250-312.50)
B. Calculation for the gross profit percentage for sales to Sarah's Cycles
First step is to find the gross profit
Net sales 937.50
Less Cost of goods sold (530)
(725-195 )
Gross profit 407.50
Now let calculate the Gross profit percentage using this formula
Gross profit percentage = Gross profit/Sales
Let plug in the formula
Gross profit percentage=407.50/937.50
Gross profit percentage=0.4347*100
Gross profit percentage=43.47%
Accrual accounting is a superior predictor of company performance compared to the statement of cash flows. True False
Answer:
True?
Explanation:
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A business that does not need a full-time accountant, would most likely use a ______ accountant in which services are exchanged for a fee.
The business would most likely use a public accountant in which services are exchanged for a fee.
Who is an accountant?An accountant is a professional who is responsible for keeping and interpreting financial records.
A public accountant works for a public accounting firm that performs auditing, tax, consulting and accounting services for other businesses in exchange for a fee.
Hence, the business would most likely use a public accountant in which services are exchanged for a fee.
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On January 2, 2021, Miller Properties paid $33 million for 1 million shares of Marlon Company's 6 million outstanding common shares. Miller's CEO became a member of Marlon's board of directors during the first quarter of 2021. The carrying amount of Marlon's net assets was $142 million. Miller estimated the fair value of those net assets to be the same except for a patent valued at $30 million above cost. The remaining amortization period for the patent is 10 years. Marlon reported earnings of $69 million and paid dividends of $3 million during 2021. On December 31, 2021, Marlon's common stock was trading on the NYSE at $32.50 per share.
Required: 2. Assume Miller accounts for its investment in Marlon using the equity method. Ignoring income taxes, determine the amounts related to the investment to be reported in its 2021. (Do not round intermediate calculations. Enter all amounts as positive values. Enter your answers in millions rounded to 1 decimal places, (i.e., 5,500,000 should be entered as 5.5).): million million a. Income statement b. Balance sheet c. Statement of cash flows Operating cash flow Investing cash flow million million
Based on the balances given by Miller Properties, the amounts in the relevant accounts are:
Income statement = $11 million. Balance sheet = $43.5 million. Statement of cashflows operating cash flow = $500,000.Statement of cashflows investing cash flow = $33 million. What is the income statement balance?= (Reported earnings - (Patent value / Number of years) ) / Marlon company outstanding shares
= (69 - (30 / 10) ) / 6
= $11 million
What is the balance sheet balance?= Acquisition price + Equity income - Dividends declared by Marlon
= 33 + 11 - (3/6)
= $43.5 million
What is the operating cash flow ?This is the cash dividend that Miller received from Marlon of:
= 3 / 6 million shares x 1 million
= $500,000
What is the investing cash flow?This is the $33 million that Miller paid for Marlon company shares.
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Which of the following is an example of direct distribution channels?
Wholesaler sales
middlemen
E-commerce sales
Retail sales
Answer:
E-commerce sales
Explanation:
A direct-distribution channel is where the manufacturer sells directly to the end customer like with an E-commerce sale
Complete the statement below using the correct term.
on the job under _____
Highly motivated people who seek help from the right people will advance and be able to
most conditions
When a person is highly motivated, they will be more likely to advance and overcome most conditions in a job under pressure.
What happens to highly motivated people?When a person is highly motivated to work, and seeks help from the right people, they will gain the necessary knowledge needed to advance in a company.
This means that their knowledge combined with their willingness to work hard on account of their motivation, will allow them to overcome most conditions regardless of the pressure they will be under.
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Aggregate planning for services differs from manufactured goods because Select one or more: a. services cannot be inventoried. b. demand for services is difficult to predict. c. goal of services is to maximize revenue and profit d. capacity is difficult to predict for services. e. service companies can easily adjust prices to respond to demand levels
Agregate planning for services differs from manufactured goods because demand for services is difficult to predict. Option B is correct.
What is aggregate planning for services?This is the part of a businesses operational schedule that has to do with the following:
DevelopingMonitoringSustainanceAggregate planning helps to generate a plan for the levels of inventory in a business.
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Prepare journal entries to record the following transactions entered into by the Valente Company: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. ) 2020 June 1 Received a $10,000, 12%, 1-year note from Andrea Foley as full payment on her account. Nov. 1 Sold merchandise on account to Patton, Inc. For $12,000, terms 2/10, n/30. Nov. 5 Patton, Inc. Returned merchandise worth $500. Nov. 9 Received payment in full from Patton, Inc. Dec. 31 Accrued interest on Foley's note. 2021 June 1 Andrea Foley honored her promissory note by sending the face amount plus interest. No interest has been accrued in 2021
The Journal entries are prepared for Valente Company.
1. Date Accounts and Explanation Debit Credit
2020 June 1 Notes Receivable $10,000
To Andrea Foley $10,000
(Being notes receivable is recorded)
2. Date Accounts and Explanation Debit Credit
Nov. 1 Patton, Inc. $14,000
To Inventories $14,000
(Being inventory is recorded)
3.Date Accounts and Explanation Debit Credit
Inventories $500
Patton, Inc $500
(Being inventory is recorded)
4..Date Accounts and Explanation Debit Credit
Cash $11,270
Discount $ 230
To Barlow $11,500
(Being cash received is recorded)
Patton, Inc invoice transactions:
12,000 invoice nominal
- $500 returned goods
$11,500. amount subject to discount of 2%
- 230 discount as collected within first ten days
11,270cash proceeds
6.Date Accounts and Explanation Debit Credit
Cash $12,600
To Interest revenue $600
($12,000 × 12% × 5 ÷ 12)
To Notes receivable $12,000
(Being cash received is recorded)
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Oh boy not much points left better get some
Answer:
Im so confused
Explanation:
:)
Answer:
..........
Explanation:
Which of the following refers a reduction the production and availability of a good or service in due to a decrease in its market price? a. An increase in the supply for a product b. An increase in the quantity supplied for a product C. A decrease in the supply of a product d. A decrease in the quantity supplied for a product
Answer:
B. an increase in the quantity supplied for a product.
For a risk-free return rate of 5%, a market risk premium of 6%, what is the required rate of return for a security with a beta coefficient of 1. 5? 5% 9% 14% cannot be determined -Select- 2. Changing the risk-free return (inflation) Changes neither the y-intercept nor the slope of the security market line Changes only the y-intercept of the security market line Changes only the slope of the security market line Changes both the y-intercept and the slope of the security market line -Select- 3. Changing the market risk premium Changes neither the y-intercept nor the slope of the security market line Changes only the y-intercept of the security market line Changes only the slope of the security market line Changes both the y-intercept and the slope of the security market line -Select- 4. True or False: If a company's beta doubles, its required return doubles. True False
The required rate of return for a security with a beta coefficient of 1. 5 is 14%.
Changing the risk-free return (inflation) changes only the y-intercept of the security market line.
Changing the market risk premium changes only the slope of the security market line.
When the beta of a stock doubles, the required return does not double.
What is the required return?The required return can be determined using the capm.
According to CAPM:
Required return = risk free + (beta x market premium)
5% + 1.5(6) = 14%
What is the change in required return when beta doubles?Assume the beta of the above stock doubles, requried retrun becomes:
5% + (3 x 6) = 23%
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Joining a career and technical student organization is a good way to
1. develop skills that match your areas of interest
2. get a part-time job to earn spending money
3. show your commitment to helping people
4. work on scholarship applications
Answer
A: develop skills that match your areas of interest
Answer:
A.
Explanation:
Which organization enforces the legal requirement that employers provide a
workplace free of recognized hazards?
O A. U.S. Congress
B. Occupational Health and Safety Administration
C. U.S. Labor Department
D. Consumer Product Safety Commission
Answer: B. Occupational Health and Safety Administration
Explanation:
The Occupational Safety and Health Act of 1970 created OSHA, which sets and enforces protective workplace safety and health standards. There are OSHA standards for construction, agriculture, maritime and general industry. Employers also must comply with the General Duty Clause of the OSH Act, which requires them to keep their workplaces free of serious recognized hazards.
Occupational Health and Safety Administration organization enforces the legal requirement that employers provide a workplace free of recognized hazards. Thus, option (b) is correct.
What is organization?
The term “organization” refers to the structure and hierarchy of the workplace, as well as the shared objectives of its participants. The word “organization” is primarily used in the workplace and in business contexts. An organization is based on management without management is not the proper functioning of the organization.
The Occupational Health and Safety Administration enforces the legal requirement that companies offer a workplace free of identified dangers. It was modeled after the 1970 Act. The employees' working conditions are free, and the organization pays the employees' medical expenses.
Therefore, option (b) is correct.
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Strategic planning and strategic thinking differ according to.
It should be noted that Strategic planning and strategic thinking differ according to The immediacy of their responses to real or anticipated opportunities.
What is Strategic planning and strategic thinking all about?
Strategic planning serves as the process whereby organizational leaders determine their vision for the future.
Strategic thinking is more focus on finding and developing unique opportunities to create value as regards organisation's direction.
They are different based on their immediacy of their responses about the circumstances around.
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What factors are used to judge if consideration is adequate to ensure a fair bargain?.
The __________ doctrine states that employers have as much right to fire workers as the workers have to leave the company voluntarily.
types of waves that can be plane polarized