Sullins Cleaning Service has purchased a new pressure washer for $18,000. Sullins Cleaning is allowed to charge a portion of the company's cost during its useful life against the profits it generates. This practice is called:

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Answer 1

The practice which allowed to charge a portion of the company's cost during its useful life against the profits its generates is known as depreciation.

Depreciation refers to the reduction of the recorded cost of a fixed asset in a systematic manner because of factors like use, wear, tear, obsolescence etc.

The depreciation of the Fixed asset is accounted for in financial accounting by charging the portion of the company's cost during its useful life against the profits its generates.

In conclusion, the practice described in the question is known as depreciation.

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Related Questions

The curve most economists use to follow the relationship between the interest rates and bonds' time to maturity is the:

Answers

The answer here is ‘yield curve’.

which skill is considered the cornerstone of effective communication?

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Based on communication strategy, the skill that is considered the cornerstone of effective communication is known as "Listening."

This is because effective listening forms the foundation of effective communication.

With effective listening, a recipient or responder would make the proper reply or response to the sender.

Without proper listening, arguments may arise in the communication process, or difficulty in understanding may occur among parties to a specific communication process.

Hence, in this case, it is concluded that the correct answer is "Listening."

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Acme Model Trains started the year with $10,000 worth of model trains in inventory. During the year, it purchased $5,000 more model trains. By the end of the year it sold a total of $7,500 in model trains. Calculate the cost of goods sold using the handout from class or the information provided in Chapter 14.

Answers

Based on the information given the cost of goods sold is $7,500.

Using this formula

Cost of goods sold=Starting inventory + Purchases − Ending inventory

Where:

Starting inventory=$10,000

Purchases=$5,000

Ending inventory=$7,500

Let plug in the formula

Cost of goods sold=$10,000+$5,000-$7,500

Cost of goods sold=$7,500

Inconclusion the cost of goods sold is $7,500.

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If you invest $15,000 at 3.1% annual interest compounded monthly, how much will be in the account after 16 years

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Answer:

The final balance would be $24,616.34 at the end of 16 years of monthly compounded interest

Explanation:

The total compound interest would be $9,616.34 after 16 years.

If a rental space measures 40 feet by 40 feet, what would the monthly rent be per square foot if the monthly rent totals $2,000

Answers

Square feet = Length x width:

Square feet of the space = 40 x 40 = 1600 square feet

Cost per square foot = cost / area

Cost per square foot = 2000 / 1600 = $1.25 per square foot

an example of a non-pecuniary job characteristic is

Answers

Answer:

A comfortable work environment.

Explanation:

When a company has both common and preferred stock, its ROE must be adjusted by ______. (Select all that apply.) Multiple select question. adding the preferred stock balance to total stockholders' equity subtracting preferred stock dividends from net income subtracting the preferred stock balance from total stockholders' equity adding the preferred stock dividends to net income

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With both common and preferred stocks, the company's ROE must be adjusted by B. subtracting preferred stock dividends from net income and C. subtracting the preferred stock balance from total stockholders' equity.

ROE means Return on Equity.  It refers to the financial measure that determines the profitability of Common Stockholders' investments versus the profits due to them.

Thus, to arrive at the ROE, the preferred stock dividends must be deducted from the net income, and the resulting figure is divided by the balance of the total stockholder's equity after subtracting the preferred stock.

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Which of the following factors does NOT influence financial planning?
Group of answer choices

Potential future earnings

Savings

Debt

Investments

Answers

Answer:

D

Explanation:

Investment is not defined until it is current and shown

The factor that does not influence financial planning is Debt.

What is Debt and How it does not influence financial planning?Debt is usually money, borrowed by one party from another.Debt is long-term, and the lender is exposed to interest rate risk or the risk that interest rates will fluctuate over the maturity of the loan from which we can say that debt does not influence financial planning.Debt can lead to financial instability.

Hence, Option C is the correct answer.

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This is Pete's PPC curve for staying in touch with friends via phone vs. his weblog during one week. Pete plans to write four entries to his weblog. How many
conversations with friends can he have to efficiently use his time?
OO
01
04
06

Answers

To efficiently use his time, the number of conversations with friends Pete can have is 4.

The Production possibilities curve shows the different ways goods and can be combined so resources are fully utilised. The PPC is concave to the origin.

Points on the curve indicate efficient production.  Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources . Points inside the production possibilities curve means that the nations resources are not being fully utilised.

If Pete wants to write 4 blog entries, trace the 4 on the y-axis to the curve and trace it to the x-axis. Based on this, Pete can have 4 conversations with friends.

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Wrigley introduced a new flavor of Orbit brand sugar-free chewing gum, mint mojito, and its introductory price was low so that it quickly created loyal customers for the flavor. In this example, Wrigley used Group of answer choices skimming pricing. penetration pricing. price lining. odd-even pricing. loss-leader pricing.

Answers

In this example, Wrigley used the Penetration pricing.

Penetration pricing is one of marketing strategy which aims to attract potential customers by offering lower price as its initial offering.

This pricing strategy helps a new product or service to penetrate the market and attract customers because of the low price offered.

In the question, the introductory price for chewing gum, mint mojito were set low and aims to attract new customers to the product.

In conclusion, Wrigley used the Penetration pricing to attract new customers.

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Chapter 9 Pricing, Costing, and Growth.
It’s 10 questions - multiple choice and thank you !
I will give you brainliest if you answer all 10 (:

Answers

Answer:

b, b, c, a, d, c, b, d, a, c,

Explanation:

The existence of a ________ means that the interest rate on a two-year bond will exceed the average interest rate on two successive one-year bonds.

Answers

The answer is risk-premium

one of the main disadvantages of the corporate form is the

Answers

Answer:

Double taxation to shareholders of distributed earnings and dividends.

Explanation:

Which of the following is NOT a possible tax or deduction that could be withdrawn from your paycheck?

Answers

Government often deduct tax from income of the people. The option that is not a possible tax or deduction that could be withdrawn from your paycheck is Sales tax.

A sales tax is simply known as a tax paid to body (Government/set up body)for the sales of specific goods and services.

The law gives seller the right to collect funds for the tax from the consumer at the point of purchase.

It is a tax that  is placed on goods or services that is paid to a governing body directly by a consumer.

See full question below

Which of the following is NOT a possible tax or deduction that could show up on your paycheck?

Answer choices

State income tax Contributions to retirement savings FICA Sales tax

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Answer:

sale tax

Explanation:

Why is Berkshire Hathaway underpreforming?

Answers

Answer:

no sales

Explanation:

state governments use to compete with other states and countries to locate businesses in their areas.

Answers

Answer:marketing

Explanation:

The state governments used to compete with other states and countries to locate businesses in their areas, of marketing.

What is businesses?

The term “businesses” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.

According to state governments, are the utilized to the states and nations are the based on the situated are the state and the businesses in the is area are the based on the marketing. Marketing is the practice of a business of promoting the acquisition and selling of goods and services. Marketing consists of promotion, publicity, and advertising.

As a result, the state governments used to compete with other states and countries to locate businesses in their areas, of marketing.

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How can you make the most of a tight budget?

a) making a list before shipping
b) buying on sale
c) setting good priorities
d) all of these

Answers

Answer:

D

Explanation:

most prob everything is good

Answer would be D

Explanation:
Setting good priorities can help you only spend money when needed
Buying things on sale help you save money
and making a list helps you budget before hand how much you need
therefor all of these are good ways to make the most of a tight budget

Hope I helped !

What is enterprise value.

Answers

Answer:

In business, enterprise value (EV) is a comprehensive measure of a company's complete worth that is sometimes employed as a more comprehensive alternative to stock market capitalization. The enterprise value (EV) of a firm comprises not only the market capitalization of the company, but also short- and long-term debt, as well as any cash on the balance sheet of the company. Enterprise value is a common statistic for determining the worth of a firm in the context of a possible acquisition.

Explanation:

Hope it helps:)

Select the correct answer. Which sales channel is the most effective for a business that has a small scale of operations? a A. telemarketing B. hiring agents C. flea markets D. franchising E. multilevel marketing​

Answers

Answer:

franchising marketing

power held due to the position of authority is called __________ power.

Answers

Answer:

Legitimate power

Explanation:

Which type of credit involves a set limit based on what a consumer pays up front? loans installment credit secured credit cards unsecured credit cards.

Answers

ans: Secured credit cards.

explanation: Secured credit cards refer to credit cards that offer credit secured by a cash deposit from the cardholder. The deposit secures the card issuer from loss in case the cardholder is unable to cover the debt.

The general approach for handling advertising costs which benefit future quarters in interim reports is to:____.
A. prorate them over the current and remaining quarters.
B. charge the expenses in the quarter incurred.
C. disclose them only in the notes.
D. prorate them over all four quarters.

Answers

Answer:

The answer to your question will be A

In order to make up for a budget deficit, the government can do what?

Answers

Answer:

print more money

Explanation:

it makes sense if u think bout it

Answer:

Budget deficit is when the government exceeds its budget, meaning they have spent a lot more money than they were initially supposed to, and thus need to get more money for other issues. So what the government will usually do is take out loans and sell government bonds.

Explanation:

Hope this helps :)

Marla is a buyer at a major corporation. Although she is authorized to make purchasing decisions on her own, she often seeks the input of trusted colleagues before settling on a decision. What type of buying center does Marla participate in

Answers

Answer:

Consultative

Explanation:

I did this question

The banking crisis of 2008 is quite interesting to analyze. The factors that led to this near banking collapse are intriguing to say the least. In this exercise you will be evaluating the factors that led up to the crisis and determining which ones could have created this scenario.

There is no simple answer to what led to the banking crisis, as there were many factors that contributed over a long period of time. Understanding the factors that led to the crisis is very important, as such an understanding will help regulators prevent similar situations in the future.

Please analyze the factors that are given to determine which ones could have potentially worked together to have created the banking crisis of 2008, and then place each factor in the category of either “Major Contributor” or “Little or No Contribution.”

Answers

Banking crisis of 2008 was due to thr global financial crisis that occure during the period

The global financial crisis was a severe worldwide economic crisis.

The financial crisis was rated the most serious financial crisis since after the Great Depression that happened in the 1920s to 1930..

1. Repeal of some provisions of the Glass-Steagall Act of 1933 is a Major contributor to the Banking crisis of 2008.

2. Savvy individual investors is not a Major contributor to the Banking crisis of 2008.

3. The Community Reinvestment Act (CRA)   is a Major contributor to the Banking crisis of 2008.

4. Borrowers’ lack of financial knowledge is a Major contributor to the Banking crisis of 2008.

5. The Troubled Asset Relief Program (TARP) is a not a Major contributor to the Banking crisis of 2008.

6. Mortgage-backed securities (MBSs) is a Major contributor to the Banking crisis of 2008.

7. Electronic Fund Transfer System (EFTS)  is not a Major contributor to the Banking crisis of 2008.

8. Looser governance of loan requirements is a Major contributor to the Banking crisis of 2008.

9. Loans with variable interest rates  is a Major contributor to the Banking crisis of 2008.

10. The creation of the FDIC is a Major contributor to the Banking crisis of 2008.

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Answer:

Explanation:

quick way to get the answer your looking for took a pic of the diagram!

Bob owns 5 acres of land. Bob sells the land to a real estate developer who builds a subdivision with 10 houses. The land is an example of a good that is a. both rival in consumption and excludable. b. neither rival in consumption nor excludable. c. excludable, but not rival in consumption. d. rival in consumption, but not excludable.

Answers

Answer:

I think its A

Explanation:

Describe an example of your leadership experience in which you have positively influenced others, helped resolve disputes or contributed to group efforts over time.

Answers

Answer:  Describe an example of your leadership experience in which you have positively influenced others, helped resolve disputes, or contributed to group efforts over time.

Explanation:

Due to my leadership style, the project gained pace, productivity increased, and the team successfully completed the delivery of the software solution on schedule and under budget.

These initiatives clearly had a good effect. The team started to function more cohesively, taking advantage of one another's skills, and working well together to solve problems. The team became more cohesive as conflicts were settled through open communication.

The leadership made clear the value of facilitation, active listening, and creating a welcoming team environment in order to favorably influence people and support collective success.

The team's morale was low due to conflicts about the project's direction and priorities while I was the project manager for a software development team, and I ran into this issue.

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in a competitive market, the actions of any single buyer or seller will

Answers

Answer:

it will increase the tension of competition

Each year, you must file ____________________.
1. your federal, state, county and town taxes
2. only your state taxes since federal taxes are filed every four years
3. only your federal taxes since state taxes get filed every other year
4. your federal taxes and state taxes if your state requires it

Answers

According to the Internal Revenue Services and the tax code, each year, you must file "your federal taxes and state taxes if your state requires it"

Individuals are required to pay taxes to the federal government and the state government.

There are various types of taxes available, some of which include the following:

Income TaxPayroll TaxExcise TaxCorporate Tax, etc.

All these taxes are paid to the federal government and state if they require it.

Hence, in this case, it is concluded that the correct answer is option D. "your federal taxes and state taxes if your state requires it."

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Answer: the answer is D

Explanation:

_____ is designed to serve the needs of a specific department, such as sales, marketing, or finance.

Answers

Data mart is designed to serve the needs of a specific department, such as sales, marketing, or finance.
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misterios gozosos del santo rosario lunes y sbado having children wait for marshmallows is a classic study that demonstrates Which metaphor does Romeo use to describe Juliet?A. He compares her to a comet.B. He compares her to the Milky Way.C. He compares her to the moon.D. He compares her to the sun. 19 is 5 times a number - 2 I really need the equation what is the strongest anti inflammatory medication in order to have beef becomes tender she will use PLEASE HELP! (NO LINKS)The US Copyright Act gives computer programs the same status as what kinds of work? How many solutions does 9x+7=9x-4 have A) one solution B) No solution or C) infinitely many solutions. Bakit mahalaga na sumunod sa mga ipinatupad na batas at mga safety protocols, lalo sa panahon ng pandemya? In which quadrant does the point (13 , 20) lie? A. Quadrant III B. Quadrant I C. Quadrant IV D. Quadrant II Assume that banks hold no excess reserves and that all currency is deposited into the banking system. If the required reserve ratio is 5.00%, and the Federal Reserve wants to increase the money supply by $35.00 million, the Fed would need to make an open market purchase of $ __________ million. (Insert your answer in millions, and round to two decimal places.) Assume that banks hold no excess reserves and that all currency is deposited into the banking system. If the required reserve ratio is 5.00%, and the Federal Reserve wants to decrease the money supply by $75.00 million, the Fed would need to make an open market sale of $ _________ million. (Insert your answer in millions, and round to two decimal places.) Suppose that banks decide to hold excess reserves. In order for the Federal Reserve to change the money supply by the same amounts as in parts 1 and 2, it would need to make Choose one: ______A. a smaller open market purchase but a larger open market sale. B. a larger open market purchase and a larger open market sale. C. a smaller open market purchase and a smaller open market sale. D. a larger open market purchase but a smaller open market sale. True answer only) branlest) The chart shows how many people have signed up to go on a field trip each day. 62 students are allowed to go on the field trip. On which day would you expect that number to be reached?A) 8B) 9C) 10D) 11 Evaluate the expression 5(7 4)2 3 + 11 Identify three good historical questions about European colonies in the Americas.A. Why did European countries want to colonize the Americas?B. Who was living in the Americas before European countries began formingcolonies?C. Who were the first European explorers?D. What were the effects of colonies?E. Which European countries colonized North America? Atomic mass is an average of the elements_____. how much of the variation in worker wages can be accounted for by such measurable explanatory factors? What is a central idea of the passage? Complete this sentence. The increased ________ in ocean waters has decreased its pH, making it more acidic. nitrogen carbon salt heat A machine that converts energy to useful work.