An asset is to be depreciated with MACRS using a 5-year recovery period. The first year of recovery is based on double-declining-balance depreciation for one-half year.
what is the first-year depreciation expense?
Begin with the initial cost of the asset.
Determine the salvage value of the asset.
Subtract the salvage value from the original cost of the asset.
Divide the total depreciation amount by the number of years you expect to hold the capital asset. For most depreciable property other than real estate, no matter what month of the year you begin using the property, you treat it as if you began using it in the middle of the year. So, you will generally get one-half of the first year's depreciation, regardless of when you placed the property in service. The depreciation formula is – Depreciation Expense = (Cost – Salvage Value) / Useful Life. 2. Units of Production Method.
An asset is depreciated on the basis of the total number of units that are generated by utilizing the asset or the total number of hours for which it has been used across its lifespan.
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A gene that controls betacarotene production has been successfully inserted into a common food crop.
Genetic modification is the process by which a gene is introduced into a crop.
What exactly are crop genes?A living organism whose DNA has been altered through the use of genetic engineering techniques is known as a genetically modified organism (GMO). For thousands of years, humans have altered organisms through breeding techniques. Corn, cattle, and even dogs have all been selectively bred over time to possess desired characteristics.
Which gene regulates the production of beta carotene?The committed step in the plastid isoprenoid pathway of geranylgeranyl-diphosphate (GGDP) carotene synthesis is controlled by the crtB gene.
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Why can't a profitable company like Hampton repay its loan on time and why does it need more bank financing? What major developments between November 1978 and August 1979 have contributed to this situation? You should prepare a source and use statement and conduct a ratio analysis to evaluate the firm's performance during this period
Hampton Company is unable to repay its loan on time due to a series of major developments that have occurred between November 1978 and August 1979.
These developments include a sharp decrease in the demand for its products, a sharp increase in production costs, and a decrease in the availability of bank financing.
A source and use statement along with a ratio analysis would be able to provide a better understanding of the firm’s performance during this period.
The source and use statement would allow for the identification of the sources of the firm’s funds and the uses to which the funds have been put, while the ratio analysis would provide an insight into the firm’s financial health and performance. This information would be helpful in assessing the firm’s ability to repay its loan on time.
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john is a prospective entrepreneur who has just presented his business plan to a venture capitalist, enthusiastically pointing out the unique features of a new invention he is promoting. the most likely question in the venture capitalist's mind is:
The most likely question in the venture capitalist's mind is whether the new invention can generate enough revenue to justify the investment.
The most likely question in the venture capitalist's mind is whether the new invention can generate enough revenue to justify the investment. The venture capitalist will be assessing the potential of the new invention to generate a return on investment. The venture capitalist will be assessing the market potential for the invention, and the ability of the entrepreneur to execute the business plan and bring the invention to market. They will also be looking at the competitive landscape, and whether the invention has a competitive advantage over existing products or services. In addition, they will be looking at the financial projections, including the expected revenues and profits, and the potential for growth. The venture capitalist will also be assessing the team behind the project, and the experience and expertise of the entrepreneur and the management team. Overall, the venture capitalist's main focus will be on the financial viability of the business, and the potential for the invention to generate enough revenue to justify the investment.
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enterprises buys a warehouse for to use for its east coast distribution operations. on the date of the purchase, a professional appraisal shows a value of for the warehouse. the seller had originally purchased the building for . has a similar warehouse on the west coast that has a book value of . under the historical cost principle, should record the building for
Based on the historical cost principle, Dill should record the bulding for $590,000 as it wa agreed before.
Historical cost principle is a basic accounting principle stated by the US GAAP where the record ofmost assets on the balance sheet should be done at their historical cost even if the costs have significantly change over time. However, the historical cost of an asset might not representing the fair value of the asset.
However, not all assets could be recorded at its historical cost, such as marketable securities. Marketable securities should be recorded based on its fair market value.
From the case, we know that Dill Enterprises buys a warehouse for $590,000. Based on the historical cost principle, Dill should record the purchase of the warehouse at its original price which is $590,000 despite the higher value stated by the appraiser.
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Complete Question:
Dill Enterprises buys a warehouse for $590,000 to use for its East Coast distribution operations. On the date of the purchase, a professional apprisal shows a value of $620,000 for the warehouse. The seller had originally purchased the building for $520,000. Dill has similar warehouse on the West Coast that has a book value of $606,000. Under the historical cost principle, Dill should record the building for ...
jones company has the following financial information: 2020 net sales $ 30,000 cost of goods sold 9,000 gross profit 21,000 operating expenses 6,000 operating income 15,000 interest expense 300 income before income taxes 14,700 income tax expense 3,000 net income $ 11,700 what is the profit margin ratio?
Jones Company's profit margin ratio is 39%. This means that for every dollar of sales, the company earns 39 cents in profit. It use the concept of margin to find the value of the profit margin ratio.
The profit margin ratio is a financial metric that measures the profitability of a company by comparing its net income to its net sales. To calculate the profit margin ratio, you divide the net income by the net sales and multiply the result by 100 to express it as a percentage.
To determine the profit margin ratio we can calculate it by this steps:
Net income = $11,700
Net Sales = $30,000
Profit Margin Ratio = (Net Income / Net Sales) x 100 = (11,700 / 30,000) x 100 = 0.39 x 100 = 39%.
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managerial accounting differs from financial accounting in several areas. specify whether each of the following characteristics relates to managerial accounting or financial accounting. ?
Managerial accounting and financial accounting are both important for the proper functioning and management of a business, but they serve different purposes and have distinct characteristics.
Managerial accounting is focused on providing information to internal managers and decision-makers to help them plan, control, and make decisions for the organization.
Reports are primarily used by internal managers and decision-makers, with an emphasis on forecasting and planning. It deals with non-financial information, such as production and inventory levels. Financial accounting, on the other hand, provides information for external stakeholders, such as investors and creditors.
It follows Generally Accepted Accounting Principles (GAAP) and is focused on providing an accurate picture of the company's financial performance and health. In summary, Managerial Accounting is internal and forward-looking, while Financial Accounting is external and historical.
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who makes the final decision on ordering the product backlog?
a. Lead Developer
b. Scrum Master
c. Product Owner
d. Development Team
The Product Owner makes the final decision on ordering the product backlog.
The ultimate say on what further is added to the product backlog belongs to the product owner. Contrary to popular belief, anybody may order products from the product backlog, not just the product owner. The statement is untrue. It should be suggested that the product backlog be ordered by everyone who has a voice in how the project turns out. However, the product owner, who often is the sole person with ultimate authority, is in charge of allocating a backlog item's priority.
A list of all the tasks required to create and release your project is contained in the product backlog. Every team member should be able to comprehend the requirements for developing it thanks to the sufficient level of information in it. The project team or a business often includes product owners (PO) on its roster.
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duck corporation's retained earnings increased $44,800 during the current year. what was duck's current year net income or loss given that duck declared $54,800 of dividends during this year?
Simple math may be used to determine how much a corporation pays in dividends: just deduct net internal funds from annual net income.
What does business income mean?Income from the selling of goods or services is one type of business income that is permissible. For instance, a person's fees from the normal activity of a specialty are considered business revenue. Rent payments made by a real estate investor are considered business revenue.
What do business income and profit mean?Profit is the sum that remains after all costs have been deducted from the revenue, to put it simply. Simply said, income is the real sum of cash a business makes.
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Economics is the study of how fairly goods and services are distributed within society.
The discipline of economics examines how fairly goods and services are allocated across society. In general, economics is concerned with activities related to the creation and consumption of goods and services.
Efficiency in free market (or capitalist) economies is determined by how much gain can be made from the use of limited resources. Societies are more effective the higher the advantages attained.
No nation is completely capitalism or completely socialist, but some (like the US) lean more one way or the other (e.g. North Korea). Free markets and minimal government intervention are preferred in capitalist , which typically leads to greater income disparities, higher unemployment rates, but also more overall wealth. For this reason, social safety nets like Social Security, Medicare, welfare, and food stamps are developed in capitalistic nations.
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One of the ways government can encourage business is to provide___ that is easily exchanged or traded for that of other countries.
One of the ways government can encourage business is to provide currency that is easily exchanged or traded for that of other countries.
In economy and business, Currency generally can be described as a medium of exchange for goods and services. Currency also can be described as money, in the form of paper and coins. Government is the function who has to issued a currency and generally accepted at its face value as a method of payment. If the currency used is easy to exchange in world trade, economic activity will run easily. This is because if currency is difficult to obtain or exchange, then the trading process can be hampered.
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a firm is considering a number of investment projects with different rates of return. project a would cost $10,000 and earn a rate of return of 5 percent; project b would cost $8,000 and earn 3 percent; and project c would cost $6,000 and earns 7 percent. if the real interest rate were to decrease from 6 percent to 2 percent during the firm's planning stage, then its planned investment would increase from:
In the situation given above, it can be ascertained that the amount of planned investment of the firm would increase from $28,000 if the interest rate were to decrease from 6 percent to 2 percent.
The amount of investment in any project is done by a firm with a view of earning higher levels of returns. Moreover, a firm always looks to maximize its returns through the investments that it makes. When there is a decrease in the interest rates prevailing in the market, then the investments that a firm plans also increases.
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What is competition in a free enterprise system?
In a free market, buyers and sellers are in competition. While sellers want to sell items for higher prices, buyers try to buy goods on more favourable terms or for less money. In cases where these two parties concur to cooperate, market equilibrium is reached.
Because it enables people to specialize in their areas of expertise and trade for the rest, free enterprise works. Free enterprise is fueled by competition, which boosts productivity and brings down costs for consumers. Free market ideologies promote a greater quality of living in nations.In an entirely free market, supply and demand are the sole factors used by buyers and sellers to determine prices.
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f starbucks follows a strategy of competing in more than one business product, which of the following goals could it accomplish? a. diversification b. innovation c. ethical business practices d. strong leadership
F Starbucks follows a strategy of competing in more than one business product, diversification goals could it accomplish.
What is diversification?
A risk management method called diversification combines a wide range of investments within a portfolio. To reduce exposure to any one asset or risk, a diversified portfolio combines a variety of different asset classes and investment vehicles. In other words, it entails allowing your company to penetrate new markets and developing a brand-new product. We can state that diversification is a strategy for your business's growth and development that involves looking into new opportunities.
In what ways can diversification lower risk?
By making investments across many financial instruments, industries, and other categories, diversification lowers risk. Risk can be systemic or undiversifiable, or it can be systemic or diversifiable.
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What command word means?
In sentences, command words are used to give instructions or to order a specific action.
The words and phrases used in exams and other assessment tasks are known as command words. Inform pupils of the appropriate response to the query. Even though the subject, many of the "command" words used in exam questions are the same across all subjects and call for a comparable response.
They are sometimes known as imperative verbs, although a subject is not necessarily necessary. The first part of a directive is frequently an imperative verb or a temporal connective. Sometimes a command word can stand alone, like "Stop!".
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3 tries left information is best described as a. raw facts about transactions. b. a set of related, coordinated, and structured data. c. data that have been organized and processed to provide meaning and improve decision making. d. facts that are collected, recorded, stored, and processed by an information system.
3 tries left information is best described as a. raw facts about transactions.
Having only 3 tries left can be a stressful situation, but with the right information at hand, you can make the most of your remaining attempts. The key to success lies in arming yourself with raw facts about the transactions you are making.
Knowing how many tries you have left and the details of each transaction can help you make better decisions and maximize your chances of success.
This raw information about your transactions can help you keep track of how many attempts you have left. Staying informed is the best way to ensure that your transaction is successful.
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in all societies, the government decides what to produce.
In a command economy, assets and organizations are claimed by the public authority. The public authority concludes what labor and products will be delivered and what costs will be charged for them. The public authority concludes what techniques for creation will be utilized.
In a market system, shopper inclination and assets figure out who will get the labor and products created. In unrestricted economies, costs mirror the general accessibility of scant assets, and buyers who have the most cash and longing for an item will follow through on the greatest expenses.
They utilize a creation prospects bend which is a diagram that helps see what customers want more. Typically utilized between two items.
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Clem's credit score is 733, while ingrid's credit score is 688. According to the following table for a $150,000 mortgage, how much more would ingrid have to pay per month than clem?.
According to the table provided, Clem would qualify for an interest rate of 4.25% and Ingrid would qualify for an interest rate of 4.875%.
This would result in a difference in monthly payments of $68. The monthly payment for Clem would be $732 and the monthly payment for Ingrid would be $800. Therefore, Ingrid would have to pay $68 more than Clem per month.
Hence Clem would qualify for an interest rate of 4.25% and Ingrid would qualify for an interest rate of 4.875%.
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Which of the following functions of artificial intelligence can significantly play in today's business world?
Answer: Primarily, they can reduce the need for human labor in regards to lower level tasks. That much is obvious. To elaborate further on how it AI can affect the business world, a business owner can expect to have their logistic workload freed up and to constantly adapt to the constantly ever changing development field of AI. If one can't keep up, they will quickly get left behind. If the business owner today embraces AI right now, they can expect to see a very prosperous future based on the track record of AI right now.
Explanation: haha
Carl Patterson likes investing in stocks that pay dividends. Carl owns 25 shares of a local utility company. The stock pays a regular annual dividend in the amount of $3 per share and the company has indicated that the dividend will stay the same for a long time. If Carl reinvests his dividends each year and the dividends earn a return of 6 percent each year, how much will Carl accumulate in 15 years?
The Carl accumulate $34.66 .
The dividend valuation method can be used to calculate the value of stocks. Based on the dividend paid, its growth rate, and rate of return, a company's stock price is valued using the dividend valuation method. Calculating the present value of a future dividend payment yields the price.
A stock, usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company.
In this question the Dividend payment is $3, growth rate is 6% and required rate of return is 15%.
Formula for Valuation:
Value of Share = Dividend (1 + g) / (Rate of return - Growth rate)
Value of Share = $3.00 (1 + 4%) / (15% - 6%)
Value of Share = $3.00 (1.04) / 9%
Value of Share = $34.66
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What is better traditional or online shopping?
online shopping: saves time, saves transportation expenses, you can shop at any time you want, products are cheaper, you don't have to wait in the checkout line, you don't have to worry about crowds, and it is easier to search for what you want.
Relative to a market economy, a centrally-planned economy would be expected to be:
A) Better at neither productive efficiency nor allocative efficiency
B) Better at allocative efficiency but not productive efficiency
C) Better at productive efficiency and allocative efficiency
D) Better at productive efficiency and allocative efficiency
Relative to a market economy, a centrally-planned economy would be expected to be better at allocative efficiency but not productive efficiency. The correct answer is B.
A centrally planned economy is one in which the government makes all economic decisions, rather than leaving them to the market. In theory, a centrally planned economy can achieve allocative efficiency, which means that resources are allocated to their most efficient use, because the government can make decisions based on overall societal goals and needs.
However, a centrally planned economy is unlikely to achieve productive efficiency, which means that goods and services are produced at the lowest possible cost, because there is no market competition to drive innovation and cost savings. Additionally, the lack of market signals and lack of incentives for entrepreneurs, managers and workers to work efficiently can lead to inefficiencies. In practice, centrally planned economies have been shown to be less efficient and less productive than market economies.
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on its december 31, 2019, balance sheet, estes co. reported its investment in trading securities, which had cost $475,000, at fair value of $525,000. at december 31, 2020, the fair value of the securities was $507,500. what should estes report on its 2020 income statement as a result of the decrease in fair value of the investments in 2020?
The income statement of Estes Co. in 2020 should record the decrease in fair value of the investment as unrealized loss of $17,500.
Trading securities should be recorded on an income statement at the time of sale or buy. Any gains or losses attributed to the trading securities would be recorded only at the time of sale. However, any changes on fair value of an investment should be recorded as an unrealied gain or loss, depends on the change of the fair value.
Based on the case, we know that:
Investment cost = $475,000
Fair value 2019 = $525,000
Fair value 2020 = $507,500
We know that, on 2019 Estes Co. invested in trading securities at cost of $475,000 for the fair value of $525,000. From this activity, Estes could record realized gain of $50,000 because of lower purchasing price of an investment than its fair value.
However in 2020, the securities' fair value drops to $505,700. Hence Estes should record this decrease as unrealized loss of $17,500. Estes should record this decrease as unrealized loss since the loss will only be experienced by Estes if Estes decide to sell the securities at its fair value.
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offer that cant be refused in business nyt
Offer that can't be denied, in business should have the following answer: hostiletakeover.
A hostile takeover bid is an attempt to buy a business notwithstanding the board of directors' opposition. Only publicly traded corporations can experience hostile takeovers. A proxy fight, a tender offer, and stock purchases are the three main methods of launching a hostile takeover.
A hostile takeover occurs when one business purchases a target company without the target's management's approval.
Three methods of hostile takeover exist: a direct tender offer to shareholders, a proxy battle, and the purchase of the majority of the shares on the open market.
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a leader should behave genuinely with their followers and align their behaviors with their values. this is a description of which emerging leadership approach?
A leader should behave genuinely with their followers and align their behaviors with their values. this is a description of the spiritual leadership approach
An emphasis on a leader's moral and ethical principles, as well as the significance of conforming their actions to those principles, is known as spiritual leadership. In this strategy, leaders are required to act sincerely and authentically with their followers because they are considered role models.
They frequently have a feeling of purpose, which inspires others to work toward a common goal. In order to match their activities with their ideals, spiritual leaders must be in touch with their inner selves and be self-aware. They frequently exhibit greater empathy and are more willing to set an example for others. They establish a sense of community and a sense of belonging among their followers while also empowering and inspiring them to realise their greatest potential.
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Shemar performs planning, organizing, leading, and controlling functions for his organization, so he should be considered a manager.
Yes, Shemar should be considered a manager. As he performs planning, organizing, leading, and controlling functions for his organization.
The four functions of management (planning, organizing, leading, and controlling) are essential to the management process. They are used by managers to effectively and efficiently achieve the goals of an organization.
Planning is the process of setting goals and objectives, and developing strategies and plans to achieve them.
Organizing is the process of arranging and allocating resources, such as people, money, and materials, to carry out the plans.
Leading is the process of motivating and directing employees to achieve the goals and objectives.
Controlling is the process of monitoring and evaluating performance to ensure that goals and objectives are being met and making adjustments as needed.
Therefore, if Shemar performs planning, organizing, leading, and controlling functions for his organization, he is a manager and plays an important role in the management process.
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users create expense reports and attach receipts in an expenses app before submitting them for approval what should consider user s perspective when enabling this app
When enabling an expenses app that allows users to create expense reports and attach receipts, it is important to consider the user's perspective.
This includes making sure that the app is intuitive and easy to use, as well as providing clear instructions and guidance when creating an expense report. Additionally, it is important to ensure that users have the ability to attach relevant receipts and documents, as well as any other evidence that may be necessary for the report. The app should also provide an easy way for users to submit their reports for approval, such as a confirmation button or a progress bar that shows the status of their report. Finally, users should be able to easily access and review their past expenses reports, as well as any notifications or updates related to their report status.
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as the regional sales manager of a pet food distribution company, anjala implements plans designed by upper management and coordinates the activities of lower-level sales managers. anjala is an example of a manager. multiple choice question. nonsupervisory middle first-line top
Anjala is an example of a middle manager. Here option B is the correct answer.
A middle manager is a level of management that typically falls between first-line managers and top managers. They are responsible for implementing plans and policies designed by top management, and for coordinating and supervising the work of lower-level managers.
They are also responsible for communicating the goals and objectives of the organization to their team and making sure that they are met.
As the regional sales manager, Anjala coordinates the activities of lower-level sales managers, which is a typical responsibility of a middle manager. They are not a first-line manager, who manage the day-to-day activities of front-line employees, and also not a top manager who is responsible for the overall strategy and direction of the organization.
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how do individual biases influence business communication? (for example, xenophobia and ethnocentrism)
Individual prejudices affect business communication because a speaker could accidentally convey his or her ethnocentric or xenophobic notions and alienate listeners from various cultures.
Give a brief account on business communication.By sharing information with both employees and those outside the company, business communication aims to assist an organization in achieving a key objective. It involves the creation, exchange, listening to, and comprehension of written and vocal messages amongst various groups of individuals. How employees interact and do business within a company has a significant impact on how successful the company will be in the marketplace. Internal business communication—between coworkers—or external business communication—between businesses or consumers—takes place both ways. Using verbal or nonverbal communication techniques, this internal and outward communication can take place. Various limitations can make it difficult for the recipient to comprehend the information being sent by the sender in these internal and external forms of communication.
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is a fee charged for using borrowed money for a purchase.
This is a result of the charges that a lender makes to you in the form of interest and fees for utilising their money. The term "financial charge" is also used to describe it. The sum of money you will pay for the loan is known as the financing fee. Lenders assesses a simple interest rate.
What is information does a lender assesses ?
Whether they are an individual, a public or private organisation, or a financial institution, a lender is anybody who makes money available to a person or business with the expectation that they will pay them back. Any fees or interest paid are regarded as repayment. The majority of lenders use financial models to forecast the risk that a borrower would default after taking out a loan. If you can comfortably make your payments, the lender needs to know. Income level, stability, and type are possible factors.
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Where do banks get money to loan borrowers?
By directly borrowing money from the money and capital markets, banks can supplement their existing funding sources of traditional deposits.
Where do banks get money to lend borrowers?Banks obtain savings from individuals and companies and use these resources to issue loans to others who need money. The interest that banks must pay on the savings they receive from savers is one of their largest funding costs.
Lending surplus reserves to customers and businesses allows banks to generate new money. As a result, as money is deposited and lent again, more money is ultimately added to the amount of money in circulation. Actually, the Fed does not print money. This is handled by the Treasury Department's Bureau of Manufacturing and Printing.
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