Offering only the minimum payment keeps you in debt longer and racks up interest charges. It can also put your credit score at risk.
A company purchased a new truck at a cost of $42,000 on June 1, 2019. The truck is estimated to have a useful life of 7 years. The company uses the straight-line method of depreciation. So, the annual depreciation expense is $6,000. How much depreciation expense will be recorded for the truck during the first year ended December 31? Select one: a. $6,000. B. $45,000. C. $3,500. D. $3,000.
Answer:
C. $3,500
Explanation:
The formula for a straight-line method of depreciation is provided below:
annual depreciation charge=(cost-salvage value)/useful life
cost of the new truck=$42,000
salvage value=$0
useful life=7 years
depreciation=($42,000-$0)/7=$6,000( same as given in the question)
The truck was used for 7 months in the first year ended, from June 1 2019 to December 31 2019
Depreciation for the first year=$6000*7/12=$3,500
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Answer:
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thx for the points
Explanation:
Suppose that business travelers and vacationers have the following demand for airline
tickets from Los Angeles to San Francisco:
Price
$150
$200
$250
$300
Quantity Demanded
(business travelers)
35,000
30,000
26,000
20,000
Quantity Demanded
(vacationers)
25,000
21,000
14,500
11,000
1. As the price of tickets rises from $200 to $250, what is the price elasticity for both
(a) business travelers and (b) vacationers ?
2. Why might vacationers have a different elasticity than business travelers?
3. What would be the Exact Quantity Demanded and change in Total Revenue if the
Airlines Change the Price for Business Travelers from $200 to $230?
Repair Inc. issues a plan to combine operations with Service Company. Tom is a shareholder who disapproves of the deal. He may be entitled to an appraisal right if the combination is Group of answer choices a merger or a short-form merger. a purchase of substantially all of the assets of either corporation. none of the choices. a dissolution or winding up of either corporation.
Answer:
Repair Inc.
Tom may be entitled to an appraisal right if the combination is:
a purchase of substantially all of the assets of either corporation.
Explanation:
An appraisal right is Tom's right, as a dissenting stockholder, to demand appraisal and payment of the fair value of his stocks from either Repair Inc. or Service Company. Since Tom has dissented and voted against the proposed combination, the appraisal right enables Tom to withdraw and demand the payment of the fair value of his shares in either corporation.
A protocol that resides on an incoming mail server. The current version is POP3.
Kristina works at a coffee shop. She can produce 200 coffee drinks in four hours. What is her productivity for one hour?
Answer: She can produce 50 drinks in 1 hour, 200/4 = 50
Answer:
50
Explanation:
divide 200 by 4
hope this helps dont 4get to like and star
-mercury
When Get the Glare Out needed some information about the potential market for its product, the marketing team looked to the Internet to find industry trends and at the market for eyewear products, which uses the same technology that is used in its self-darkening windshield. The type of information the marketing team was using is referred to as
Answer:
Secondary data
Explanation:
There are two types of data sources that can be used by individuals. These are the primary and secondary data.
Primary data is a data that is formed for the first time for a particular purpose. For example information contained from running experiments in a research study.
Secondary data is one that is obtained from primary data. Data was used for another purpose before now and the new user is using the existing data for another purpose.
The marketing team is using the Internet to find industry trends and at the market for eyewear products, which uses the same technology that is used in its self-darkening windshield.
This is secondary data that existed before now and is being used by the marketers to identify trends
Which are the two best examples of long-term needs that people need to save for?
1) college education
2)down payment on a home
3)medical emergences
4)plumbing problems in the home
5) unexpected car repair
Answer:
1. college education
2. medical emergencies
Explanation:
"Long-term needs" refer to things that you will be needing in the future. Among the choices above, the two best examples of long-term needs that people need to save for are: college education and medical emergencies.
Saving up for college is important if you want to have a bright future or a better salary. Having a good income will give you the chance to save up for your future home's down payment as well as mortgage payment. It will most likely give you a better quality of life. Thus, college education should come first.Saving up for medical emergencies is also crucial because we're all human beings who, at some point, will deteriorate physically. There are also incidents which we cannot control such as "car accidents." Having money allotted for it will prevent you from borrowing money from other people.Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion would cause real GDP to ________ potential real GDP (assuming a constant price level). Group of answer choices
Answer:
Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion would cause real GDP to ___equal_____ potential real GDP (assuming a constant price level).
Explanation:
The real Gross Domestic Product (GDP) is the inflation-adjusted estimate of all output produced by the US economy in the current year. On the other hand, the potential real GDP of the United States is the estimate of the inflation-adjusted output that the US economy would produce in the coming period, using its capital and labor resources.
Tommy Richards is paid $20.50 an hour for a regular 40-hour week. He earns time and a half if he works overtime. This week Richards worked his regular 40 hours plus 9 hours of overtime. What is his total pay
Answer:
$1,094.50
Explanation:
Regular pay is $20.50
Over time pay is $20.50 x 1.5 = $30.75
Tommy earned as follows.
Regular hours : 40 x $20.50 = $820
Overtime hours: 9 x $30.75 =$274.50
Total amount earned
= $820 + $274.50
=$1,094.50
The type of control system that only be succsseful in attining systrms' objective if we know with certinty the events that take place during system procees
Answer: Management control system
Explanation:
Management control system could be defined as a system that collects and uses information to analyze the performance of different organizational resources like human, physical, financial considering them all together in the light of organizational strategies pursued. It looks at comparing performances with the standards, plans or objective of the organization to determine if they are line with standards.
True or false?
2 best friends are one mind in 2 bodies?
Answer:
True
Explanation:
because they are I hope its right
Answer:
well i would say true because friendship is a really strong thing
but then i don't really know
The first thing that the customer needs to do to take a loan is
Credit cards can help When paid off on time regularly
Answer:
good to know.
Explanation:
Answer:
yes? I dont know if your talking about credit then your credit score will go up. but if your just telling us some info on credit cards. thanks
Dear Future Millionaire,
I’m writing to you with an exclusive opportunity to get in on the ground floor of a life-changing investment opportunity. Are you ready to make your dreams come true? If you invest now in the Bio-Future Corp., it will happen. This company is at the cutting edge of scientific advancement, and I have personally received word from the CEO that they just made a major deal with a supplier, bringing them closer than ever to the market. Right now, a share of this stock costs only $2. You must invest early before the price skyrockets!
Sincerely,
Abe Kluck
Chloe received this email in her spam folder recommending a stock. What aspects of the letter should concern her? Choose four correct answers.
There is no information about the company.
It guarantees a high return on investment.
The company has “Future” in its name.
Answer:
In my opinion the answer is "It guarantees a high return on investment."
Answer:
A, B, D, E
Explanation:
got it right on edge
The Eks-Plore Company exports outdoor gear for firms on the east coast of the United States. The company identifies companies in Europe and Asia that market and sell these products. Eks-Plore handles all documentation, logistics, and transportation for the products. What type of business is the Eks-Plore Company?
Answer:
exporting trading company
Explanation:
Eks-Plore doesn't actually manufacture any outdoor gear. it provides trading services to companies that manufacture them. Eks-Plore sells goods produced in the US and exports them to foreign markets, e.g. European and Asian nations. This is a type of intermediary that is also responsible for located new potential markets where to sell the goods.
Many Americans oppose what kind of policy because they fear it will mean in practice, illegal quotas, preferential treatment of African Americans and women, and even reverse discrimination against white men?
Store A sells a watch for $56 and offers a 10% discount. Store B sells the same watch for $70 and offers a 30% discount. Store C sells it for $85 and offers a 45% discount. From which store should you buy? *
Explanation:
$56 * 0.9 = $50.4
$70 * 0.7 = $49
$85 * 0.55 = $46.75
Therefore the watch is cheapest at Store C.
Jansen Inc. acquired all of the outstanding common stock of Merriam Co. on January 1, 2019, for $257,000.Annual amortization of $19,000 resulted from this acquisition.Jansen reported net income of $70,000 in 2019 and $50,000 in 2020 and paid $22,000 in dividends each year.Merriam reported net income of $40,000 in 2019 and $47,000 in 2020 and paid $10,000 in dividends each year.What is the Investment in Merriam Co. balance on Jansen's books as of December 31, 2020, if the equity method has been applied
Answer:
$286,000.
Explanation:
Calculation for the Investment in Merriam Co. balance on Jansen's books as of December 31, 2013, if the equity method has been applied
Using this formula
Investment balance=Common stock+ 2019 Reported net income+2020 Reported net income-Dividends-Annual amortization- Dividends-Annual amortization
Let plug the formula
Investment balance=$257,000 + $40,000 + $47,000 - $10,000 - $19,000 - $10,000 - $19,000
Investment balance= $286,000
Therefore the Investment in Merriam Co. balance on Jansen's books as of December 31, 2013, if the equity method has been applied will be $286,000
What program would be likely to help a person prepare for teacher certification?
O a master's degree in Psychology
O a bachelor's degree in Education
O a one-year technical school certificate
O an associate degree from a community college
Answer: The answer is a bachelor’s degree in Education.
Explanation:
To help a person prepare for teacher certification is likely program is a bachelor's degree in Education.
A Bachelor of Education (B. Ed.) is a professional undergraduate degree that qualifies graduates to work as teachers in educational institutions.
In other nations, like Tanzania and Kenya, the student must do additional activities like fieldwork and research in order to be completely qualified to teach.
Tests for the licenses or certificates necessary for instructors in some places may also be administered concurrently with or after it.
Therefore, the correct option is "a bachelor's degree in Education".
To know more about the bachelor's degree in Education, visit:
https://brainly.com/question/14197325
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In a production cost report using process costing, transferred-in costs are most similar to: costs transferred-out to the next process. costs included in beginning inventory. conversion costs added during the process. material added at the beginning of the process.
can u please tell where are u from??
Answer:
hmm..... . . . .
...
..
....
If a checking account has an interest rate of 1% and a government bond has an interest rate of 2%, the opportunity cost of holding the checking account as money is:
Answer:
the opportunity cost of holding the checking account as money is 1%
Explanation:
The computation of the opportunity cost of holding the checking account as money is shown below:
= Interest rate on the government bond - interest rate on checking account
= 2% - 1%
= 1%
Hence, the opportunity cost of holding the checking account as money is 1%
We simply applied the given formula so that the correct percentage could come
1. Someone once said that the love of money is the root of all evil. Do you agree or disagree with this statement? Why?
2. Would you ever take a job as a volunteer--knowing that you were helping other people, but you would not get paid for your services. Why or why not?
3. Do you currently have a checking account, savings account, or credit card? If not, at what age do you think it is appropriate to have these types of accounts?
4. In order to buy a new bike, a car, or pay for college, it often takes time to save up the money. What types of things are important to you to save up for?
5. If you had to create a budget for your family, what are 5 necessary items that would be included in that budget? (For example, house payment or rent, utilities, etc).
Answer:
1. money makes people unpredictable and unreliable.
2. yes I would. even without the pay, being a volunteer is a fulfilling job. And it gives you a sense of responsibility and leadership standards that'll set you aside from others in respectable needs I.e job interview, college application.
3. yes I do have a students account. its necessary to open an account for even the youngest of kids as its good to get ahead in college savings.
4. college, a car , an apartment.
5. food
electricity
gas
school
water
A loan to a company or government that pays investors a fixed rate of truth over a specific timeframe is known as:
1. 401k
2. Tax shelter account
3. Stocks
or 4. Bonds
Answer:
4. Bonds
Explanation:
Bonds are debt instruments used by corporates and governments to raise capital. Bonds are long-term sources of capital for a business and government and also an investment option to investors.
When the government or corporate issues bonds, they promise to pay the principal amount when the bond matures. Maturity ranges from 5 to 30 years. The bond issuer also commits to pay interest on regular intervals until the bonds mature. The interest to be paid is based on the coupon rate or interest rate as specified by the bond.
The term posting means: Entering transactions in a book of original entry Transferring debit and credit amount from the journal to the ledger Proving the equality of debit and credits in the ledger Determining the balances of individual ledger accounts
Answer: Transferring debit and credit amount from the journal to the ledger.
Explanation:
Posting in Accounting refers to the process of transferring debit and credit amounts from the books of original entry i.e the journals, to the relevant general ledger.
Posting to the general ledger is the third step in the Accounting Cycle and as such is very important in determining the balances to put into the Unadjusted Trial balance.
(Which best describes the relationship between the Governance pathway and the Regulation pathway?) 1. The Governance pathway involves military jobs that the Regulation pathway pays for. 2.The Regulation pathway performs research for community development to creates plans about how the city will grow. 3.The Governance pathway makes many of the laws that the Regulation pathway enforces. 4.The Regulation pathway sets the specifications for buildings and facilities that the Governance pathway inspects and reviews.
Answer:
3.The Governance pathway makes many of the laws that the Regulation pathway enforces
Explanation:
Given that the Governance pathway includes involves the public office holder to make and execute public policy by working with other stakeholders in the government, such as officials, constituents, and interest groups.
And Regulation pathway involves a civil servant who applies the technical, industry, legal relational knowledge, and regulatory systems to ensure the successful execution of the public policy created by the government or public officeholders.
Hence, the relationship between the Governance pathway and the Regulation pathway is "The Governance pathway makes many of the laws that the Regulation pathway enforces."
Answer:
3.The Governance pathway makes many of the laws that the Regulation pathway enforces
Explanation:
Regulations involve enforcement of the rules the government (the governance pathway) sets.
Under what category of expense do manufacturing wages fall?
Answer:
Direct expenses
Explanation:
Manufacturing expenses are categorized into direct and indirect expenses.
Direct expenses are the costs that can be traced to a specific product or service. There are the expenses that relate to the production or provision of a particular good or service. Direct expenses include the cost of material, direct labor, and direct factory overhead costs.
Indirect expenses consist of operating expenses such as rent, administrative salaries, insurance, telephone, internet , and computer costs. These costs cannot be linked to a particular product.
is carriage inward
debit or credit
Answer:
From the buyer's point of view, the delivery charge would he referred to as “carriage inwards”. Any such carriage charges should be debited to the carriage inwards account in the general ledger. The carriage inwards account is written off to the trading account at the end of the accounting period.
Explanation:
Carriage inwards refers to the transportation costs required to be paid by the purchaser when it receives merchandise it ordered with terms FOB shipping point. Carriage inwards is also known as freight-in or transportation-in. Carriage inwards is considered to be part of the cost of the items purchased.
The decrease in total surplus that results from a market distortion, such as a tax, is called a a. consumer surplus loss. b. wedge loss. c. deadweight loss. d. revenue loss.
Answer:
Option "C" is the correct answer to the following question.
Explanation:
Dead-weight loss : A dead-weight loss seems to be a burden or tax or pay to society generated by the ineffectiveness of the economy, which arises when market forces are out of control. Dead-weight loss may be attributed to any deficit caused by an inadequate redistribution of capital primarily used of economy.
An industry consists of 100 small firms, and the largest firm accounts for only 2 percent of sales. Brand names are considered a signal of quality. The industry described is best classified as
Answer:
Monopolistically competitive
Explanation:
Based on the information given the industry described is best classified as MONOPOLISTICALLY COMPETITIVE reason been in a Monopolistic competitive market their are competition among many manufacturer of product in which the products this manufacturer sell are different from each other .
Secondly the products are not similar or identical product reason been that their customer can easily differentiate between the goods or product that meet the same need of the product they want.
Therefore an industry or firm which consists of 100 small firms in which the largest firm can only accounts for 2% of sales while the Brand names on the other hand are considered to be a signal of quality is what is classified as MONOPOLISTICALLY COMPETITIVE market.