Answer: 50400
Explanation:
- Straight-line rate= 100%/ 5 years= 20%
- Double declining Expense= 20% x 2= 40%
From Oct1 to Dec 31 is 9 months/ 12 months a year
- Depreciation Expense year 1= $120000x 0.4x 9/12= $36000
- Book value year 1= beginning year 2= $120000-$36000= $84000
- Book value year 2= $84000- ($84000x0.4)= $50400
The asset is valued at $60,000 at the end of year 2 December by using the asset depreciated on the double-declining-balance method.
What is Depreciation?Depreciation is allocated to charge a reasonable percentage of the depreciable value throughout each accounting period for the asset's anticipated useful life.
Given,
Purchase Value = $120,000 ( On October 1)
Expected Life = 5 Years
Salvage Value = $15,500
Required to calculate asset value at the End of Year 2 =?
Depreciation Rate = Book Value x 2 divided by Life of Asset
= $120,000 x 2/5 = $48,000
Depreciation Rate = 48,000 x 100/ 120,000 = 40%
Book Value of Year 1 = 120,000 - 120,000 x 40% x 3/12 = $108,000
Book Value for end Year 2 = $108,000 - 120,000 x 40% = $60,000.
Thus, the Book value of the asset at end of year 2 is $60,000.
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Select the correct answer.
Some social workers work in hospitals.
A. True
B. False
Answer:
A
Explanation:
who is captain america
Answer:
a super hero that's part of marvel
Answer:
Captain America is a marvel character played by Chris Evans.
Explanation:
Captain America started out as a normal kinda scrawny teenager who joined the American Army during World War II. He was transformed into a super soldier and became an insanely fit and strong human being. He saved many people during the war, but unfortunately was frozen in ice for like 66 years. So, he became part of a group called the Avengers. Kind of like a vigilante group. And finally, he was able to go back in time and marry the woman of his dreams, and he retired from the avengers after, the time travel left him in his actual age, well into his 80's.
If rent receivable decreases during the period, cash received from renters is _____ rent revenue reported on the income statement.
Answer:
Greater than
Explanation:
In the case when the rent receivable i.e. current asset decreased during the period and the cash received from renters would be more than the rent revenue i.e. reported on the income statement
This condition would be adverse in that case when the rent receivable increased and the cash received would be less than the rent revenue
Here cash received could be computed by deducting an increase or adding a decrease
Scott, the chief operating officer of Barcelona Restaurant Group, tells his managers that Barcelona's philosophy is to:
Answer:
the question is incomplete, so I looked for a similar one:
COO, Scott Lawton, discusses Barcelona’s philosophy on allowing restaurant managers to make their own decisions. They hire and train managers that they believe have the "creativity and brain power" to be successful.
Which type of role is Scott performing?
What type of management approach exists in Barcelona?
Scott is performing an interpersonal role since the question describes his actions regarding restaurant managers and how he allows them to basically operate as independent business units. Scott if the figurehead of Barcelona, but at the same time gives lower level managers a lot of freedom.
This type of management can be described as the humanistic perspective management since employees are empowered.
Swifty Corporation completed Job No. B14 during 2019. The job cost sheet listed the following:
Direct materials $160000
Direct labor $150000
Manufacturing overhead applied $130000
Units produced 4000 units
Units sold 2800 units
Required:
How much is the cost of the finished goods on hand from this job?
a. $308000
b. $132000
c. $326000
d. $440000
Answer:
b. $132,000
Explanation:
Given the following information,
Direct materials $160,000
Direct labor $150,000
Manufacturing overhead applied $130,000
Units produced 4,000 units
Units sold 2,800 units
We need to calculate the total cost first.
Total cost = $160,000 + $150,000 + $130,000
Total cost = $440,000
We will also calculate the unitary cost
Unitary cost = $440,000 / 4,000
Unitary cost = $110.
Therefore, the final ending inventory would be;
Ending inventory = *1,200 × $110
Ending inventory = $132,000
• Note : 1,200 is derived by [ 4,000 units - 2,800 units]
Disposable personal income: a. excludes transfer payments. b. includes personal income taxes. c. is income spent for personal items such as homes and cars. d. excludes personal income taxes
Answer:
d. excludes personal income taxes
Explanation:
Disposable personal income excludes personal income taxes.
A disposable income can be defined as an amount of money remaining after the deduction of income taxes, and social security fees.
a. Distinguish between physical asset markets and financial asset markets. What’s the difference between spot markets and futures markets?
b. Distinguish between money markets and capital markets. What’s the difference between primary markets and secondary markets?
c. Differentiate between private and public markets. Why are financial markets essential for a healthy economy and economic growth?
Answer:
a. Physical assets are tangible, they can be touched, seen, used. They generally lose value over time because they depreciate. On the other hand, financial assets are intangible, they only exist because documents say so. Their price can change if interest rates change of if market conditions change.
Spot markets are markets where securities, currencies or commodities are traded immediately. While futures markets represent the trading of securities, currencies or commodities at a future date.
b. Money markets are where investors trades short term securities, while capital markets are where stocks, bonds and other long term securities are traded.
Primary markets exist only when securities are issued for the first time, e.g. an IPO. The vast majority of trading occurs in secondary markets since a security can literally be traded hundreds of times and all of these operations, except for the initial issuance, take place in secondary markets.
c. Public markets are all the trading markets where publicly traded corporations exchange or trade securities, and anyone can buy them, e.g. NYSE, NASDAQ, etc. Private markets only involve trading of privately held securities, e.g. stocks of closely held corporations. Only certain investors can trade with private securities, they are not available to the general public.
Financial markets basically receive savings from private households and businesses, and they transfer them (as investments) to other companies that need these resources to operate and grow. There is a direct relationship between healthy financial markets and economic development.
George bought 100 shares of ABC Corporation at $20/share. He held the shares for a year and then sold them at $22/share. The ABC Corporation realized _____.
A. a risk-return tradeoff of 10 percent
B. a capital appreciation of 10 percent
C. a standard deviation of 10 percent
D. a premium of 10 percent
QUESTION 9 of 10: A popular act commands $250,000 for a single appearance plus 20% of ticket sales and 10% of concession receipts. If
ticket sales are $1,250,000 and concession receipts are $400,000, what will the act be paid for their performance?
оооо
a) $250,000
b) $290,000
c) $540,000
d) $1,900,000
Answer:
c) 540,000
Explanation:
The total amount the popular act will be paid for their perfomance is $540,000.
What will the act be paid for their performance?
The total amount that would be paid is the sum of the single apperance fee, the 20% of ticket sales and the 10% of concession receipts.
Total amount = $250,000 + (20% x 1,250,000) + (10% x $400,000) = $540,000
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(20) points
What could be the most likely result of Andrew offering credit facility to his customers?
A.
higher business losses
B.
lesser number of customers
C.
sell his goods below the market rates
D.
more competition
E.
customer loyalty
Answer:
you lied about the points but I'll be nice E
The investor is worried that the beta of his portfolio is too high, so he wants to sell some stock C and add stock D, which has a beta of 1.0, to his portfolio. If the investor wants his portfolio to have a beta of 1.72, how much stock C must he replace with stock D
Answer: $36,000
Explanation:
First calculate the individual weights for the different stocks as this will help with the calculation of beta.
Total amount invested = 16,000 + 48,000 + 96,000 = $160,000
Stock A weight = 16,000/160,000 = 10%
Stock B weight = 48,000/160,000 = 30%
Stock C weight = 96,000/160,000 = 60%
Stock D is to be bought by replacing some of stock C which means that the weight of stock C in the new beta calculation will be exactly less than 60% by the weight of D.
Assuming the weight of d is x, beta is;
Portfolio beta = ∑(weight of stock * beta)
1.72 = (10% * 1.3) + (30% * 1.8) + ((60% - x) * 2.2) + ( x * 1)
1.72 = 0.13 + 0.54 + 1.32 - 2.2x + x
1.72 = 1.99 - 1.2x
1.2x = 1.99 - 1.72
x = (1.99 - 1.72) / 1.2
x = 0.225
Weight of stock D will be 0.225 which is how much of stock C will have to be sold.
The amount of stock C that should be replaced by D is therefore;
= 160,000 * 0.225
= $36,000
Why is understanding the relationship between the cash conversion cycle (CCC) and net working capital important to the contemporary business executive
Answer: To understand how businesses need money and how they can sustain themselves for a period of time to fund bills and still operate
Explanation:
Understanding the relationship between cash conversation cycle and contemporary business executive aims at knowing the business needs funds to operate and building strategic alliances, make money and propose ideas that will sustain and elevate it's strength for some time. Money is vital in running business operations, as organizations will foot bills and do some expenditure and sought out ways to earn more business.
When the interest rate is 10% per year, all of the following are equivalent to $5,000 now except: A) $4,545 one year ago B) $5,500 one year later C) $4,012 two years ago D) $6,050 two years later
Answer:
$4,021 two years ago
Explanation:
Given that
The Rate of interest is 10%
And as we know that
PV = FV × (1 + i)^(-n)
And
FV = PV ÷ (1 + i)^n
where,
PV = prsent value,
FV = future value ,
i = interest rate,
n = years
Now
a)
FV = $4,545 × (1.1)
= $4,999.5
b)
PV = $5,500 ÷ (1.1^-1)
= $5,000
c)
FV = $4,021 × (1.1^2)
= $4,865.41
d)
PV = $6,050 × (1.1^-2)
= $5,000
hence, the correct option is c. $4,021
It is wrongly written as $4,012
Answer:
$4,012 two years ago
Explanation:
Amy is considering investing in a project that is expected to return $75,000 five years from now. How much is she willing to pay for this investment if she wants a 10% return
Answer:
$46,569.10
Explanation:
The worth of the project today is the present value of the return expected in 5 years using the interest rate of return of 10% as the discount rate as computed below:
PV=FV/(1+r)^n
PV=today's worth of the project which is unknown
FV=future amount expected=$75,000
r=interest rate=10%
n=the time before the return is received=5 years
PV=$75,000/(1+10%)^5
PV=$75,000/(1.1)^5
PV=$75,000/1.61051
PV=$46,569.10
An insurance policyholder must pay a _______________ for each ______________ service, before insurance covers the rest.
A. copayment; uninsured
B. deductible; uninsured
C. deductible premium; insured
D. copayment; insured
Answer:
D. copayment; insured
Explanation:
When the person takes insurance than the person called as insurance policyholder who is holding his or her own policy so he or she must have to pay the copayment i.e. fixed amount for the service covered prior to receiving the service for each insured service prior to the insurance that covers the rest
Therefore the correct option is D
And, the rest ones are incorrect
Carrie wants to open a boat shop right next to te beach. What type of utility is she implementing
Answer:place utility
Explanation:
The taxpayer's spouse died at the beginning of 2019. He has no qualifying child. Which status should the taxpayer select when filing his tax return?
Answer:
single (no child)
Explanation:
In the given scenario the taxpayer's spouse died so the first assumption is that he will file as a widower.
However to file tax as a widower one has to have lost their spouse and have dependants or children. Then he file for standard deduction of married couple in the first year and as a widower in subsequent years.
In this case the taxpayer will file as single with no child and not as a widower.
A stock has an HPR of 9%. The expected dividend yield is 3%.
a. True
b. False
The expected price appreciation is 12%.
a. True
b. False
Answer:
b. False
Explanation:
holding period return = [dividends received + (ending value - initial value)] / initial value
9% = [dividends received + (ending value - initial value)] / initial value
dividend yield = dividend / ending value
3% = dividend / ending value
price appreciation = (ending value / initial value) - 1
1.12 = ending value / initial value
ending value = 1.12 initial value ⇒ WE REPLACE IN THE HPR ANN DY FORMULAS
3% = dividend / 0.12 initial value
dividend = 0.36 initial value
9% = [dividends received + (1.12 initial - initial value)] / initial value
9% = dividends received + (0.12 initial value / initial value)
9% = dividends received + 12%
9% = 0.36 initial value + 12%
-3% = 0.36 initial value ⇒ THIS CANNOT BE TRUE, SO THE QUESTION MUST BE FALSE
Benjamin put together a committee that included his colleagues. This committee had the sole task of monitoring the effect of the current marketing campaign of the company. The committee will be dissolved after the task is completed. What type of committee did Benjamin put together
Answer:
Benjamin put together a ad hoc committee
Explanation:
A $1,000 par value bond sells for $1,216. It matures in 20 years, has a 14 percent coupon, pays interest semiannually, and can be called in 5 years at a price of $1,100. The bond's yield to maturity is: (Round the answer to two decimal places.)
Answer:
The bond's yield to maturity is 11.26%
Explanation:
The computation of the yield to maturity is shown below:
Given that
Present value = PV = $1,216
Future value = FV = $1,000
NPER = 20 × 2 = 40
PMT = 1,000 × 14% ÷ 2 = $70
The formula is shown below:
= RATE(NPER;PMT;-PV;FV;TYPE)
After applying the above formula
The bond yield to maturity is
= 5.63% × 2
= 11.26%
a firm reports a net profit margin of 10% on sales of $3 million when ignoring the effects of financing. if taces are $20000 how much is EBIT
Answer:
$320,000
Explanation:
EBIT is earnings before interest and tax.
This case in point ignores the financing impact of interest expense, EBIT is the same as the net income plus taxes
net profit margin=net income/sales
net profit margin=10%
net income is unknown
sales=$3,000,000
10%=net income/$3,000,000
net income=10%*$3,000,000=$300,000
taxes=$20,000
EBIT=$300,000+$20,000=$320,000
How much is being paid is the only thing you need to consider when considering a job offer True or fals
Answer:
being paid 1000
Explanation:
1000
How should an organization think about cyber defense? What are the limits of a ‘perimeter-oriented’ security posture?
Answer:
In the explanation is a short point of view about the cyber defense and the perimeter oriented posture.
Explanation:
To begin with, the concept known as "Cibersecurity" refers to the process of protection of computer systems and everything related to them like softwares, hardwares or any electronic data that could be harmful and sensitive for the company. The reason why this type of practice has been rising up the last years is due to the fact that the "internet of things" has been growing up as well and everyday the companies need to protect their information more and more. Moreover, the "perimeter-oriented" security posture implicates the focus on the external networks as being bad and on the other side the internal networks as being good and stable. So the reason why the companies should consider the cyber defense important is because they need to protect all the information that could be use against them.
Suppose that there is only one small clothing store in the remote village of Green Acres, and until fairly recently all of the townspeople bought most of their clothing there. As more people in Green Acres use the internet to shop for clothes, the price elasticity of demand for shirts at the Green Acres store will:_______
a. decrease because the Internet offers more substitutes.
b. remain the same, but the quantity demanded will decrease as more people shop online.
c. remain the same, but the demand will decrease as more people shop online.
d. increase because the Internet offers more substitutes.
Answer:
D)increase because the internet offers more substitutes
Explanation:
From the question we are are informed about a situation where there is only one small clothing store in the remote village of Green Acres, and until fairly recently all of the townspeople bought most of their clothing there. In the case that more people in Green Acres use the internet to shop for clothes, the price elasticity of demand for shirts at the Green Acres store will increase because the internet offers more substitutes.price elasticity of demand which is the degree to which there is a change in amount of quantity that is been demanded as a result in the change in price, so on this case as the Green Acres use the internet to shop for clothes the price elasticity of demand for shirts at the Green Acres store will increase and this is as a result of the substitute that is been provided by the internet.
Note that substitute in business means that both the shop online and the clothing stores in the village are offering same purpose. They are substitute.
Who studying or working somewhere else but wish to work for the organisation
1.comsumer
2.potential employees
3.opnion leaders
4.suppliers
Under a non-revised divorce decree executed in 2018, Pillar is required to pay her ex-husband, Miguel, $4,750 a month until their youngest son, whose is now 10, turns age 18. At that time, the required payments are reduced to $2,100 per month. How much of each payment is deductible by Pillar as alimony for 2019
Answer:IDK
Explanation:
Under a divorce decree executed in 2019, Duron is required pay $800 of alimony and $400 of child support each month for the next 10 years. In addition, Duron makes a voluntary payment of $200 per month. How much of the total monthly payments are deductible by Duron
Answer:
The total monthly payments that are deductible by Duron are:
$1,200 each month for the next 10 years.
Explanation:
According to the IRS rules, if Duron pays his ex partner payments each month which are not documented by the court, the money is not tax deductible. Therefore, it is beneficial for Duron to receive a court order to pay the additional alimony if Duron plans on enjoying a tax deduction for the additional spousal support of $200.
Henry likes a smartphone that is within his budget. Which payment option will be most economical for him when buying the smartphone?
A.
use a credit card and repay after two months
B.
ask for credit from the store manager
C.
pay in cash
D.
request a plan that allows him to pay the amount in monthly installments
Answer:
the answer is D
Explanation:
plato users
The aggregate supply-aggregate demand model predicts that the short-run effects of a temporary but severe oil-cutoff would be:_____
Incomplete question.
Options;
a. A decrease in the price level and an increase in real output.
b. An increase in both the price level and real output.
c. An increase in the price level and a decrease in real output.
d. A decrease in both the price level and real output.
Answer:
c. An increase in the price level and a decrease in real output.
Explanation:
Remember, aggregate supply often refers to the total output of goods and services in an economy available for sale While aggregate demand refers to the total value of the money spent on the goods and services produced in an economy.
Note also, what this means is that as a result of the severe oil-cutoff, the supply of oil would reduce greatly, and with lower supply in the short-run; we would expect the price level to increase.
However, as the price level increases, in the short-run, there would be an immediate decrease in the real output of oil among producers.
Which of the following is a tertiary ratio that drives protability?
Answer:
Explanation:
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