a change from an accelerated method to the straight line method of calculating depreciation expense requires an adjustment to the beginning balance of reetained earnings
Answers
A change from an accelerated method to the straight line method of calculating depreciation expense requires an adjustment to the beginning balance of retained earnings is to change in accounting estimate.
How does depreciation work?Depreciation is the continuous, ongoing, and gradual reduction of the book value of fixed assets. This kind of shrinkage is determined by the cost of the assets that a company uses, not by the market worth of those assets.
A depreciation example, what is it?If a firm buys a delivery truck for Rs. 100,000 and expects to use it for 5 years, the business may depreciate the asset as a depreciation charge of Rs. 20,000 per year for the five years.
To know more Depreciation visit:
https://brainly.com/question/15085226
#SPJ4
Related Questions
The income statement and balance sheet columns of Reed Company's worksheet reflect the following totals:
Income Statement Balance Sheet
Dr. Cr. Dr. Cr.
Totals $58000 $48000 $34000 $44000
To enter the net income (or loss) for the period into the above worksheet requires an entry to the:
a. income statement debit column and the income statement credit column.
b. income statement debit column and the balance sheet credit column.
c. income statement credit column and the balance sheet debit column.
d. balance sheet debit column and the balance sheet credit column.
Answers
The correct answer is option C, which means that to enter the net income (or loss) for the period into the above worksheet requires an entry to the income statement credit column and the balance sheet debit column.
The income statement reflects the company's revenues and expenses during a specific period, while the balance sheet shows the company's financial position at a given point in time. The net income or loss is calculated by subtracting the total expenses from the total revenues on the income statement.
To enter the net income (or loss) for the period into the worksheet, the amount needs to be recorded on both the income statement and balance sheet columns. The net income (or loss) amount is recorded on the credit side of the income statement column because it is considered a revenue for the period. On the other hand, it is recorded on the debit side of the balance sheet column because it increases the company's retained earnings, which is an asset on the balance sheet.
Therefore, option C is the correct answer because it includes the income statement credit column and the balance sheet debit column, which are the columns where the net income (or loss) should be recorded.
To know more about income statement click on below link :
https://brainly.com/question/14308954#
#SPJ11
first-line supervisor of office and administrative support workers career
Answers
First Line Supervisors of Administrative Support Personnel (43-1011). Directly supervises and coordinates the activities of administrative and administrative staff.
A First Line Supervisor supervises and manages the staff's day-to-day operations. Ensure production processes run smoothly and efficiently so that expected production targets are met.
This is an administrative support operation in which a large number of administrative/technical staff are supervised by subordinate managers in departments or functional operating units that require a variety of administrative support services.
You will be responsible for a wide range of office activities in almost all fields. Most of these tasks revolve around monitoring and distributing information within an organization. This typically includes taking notes, answering phone calls, and managing, storing, and organizing files.
This is also called a frontline manager. Team leaders report to these individuals and report to middle management themselves.
You are directly responsible for ensuring that your organization's goals and plans are effectively implemented. They may be called deputy managers, shift managers, foremen, department managers, or office managers.
Know more about First Line Supervisor here:
https://brainly.com/question/31086287
#SPJ1
The complete question is:
What is a first line supervisors of office and administrative support workers career?
Fido wants to buy a new car. He will need to get a car loan. Fido decides to wait for few months until his credit
history improves. Which explains whether Fido is making a sensible decision?
O Fido's decision is sensible because the selling price of the car should be less in a few months.
• Fido's decision is sensible because the cost of the of car loan should be less if his credit history improves.
O Fido's decision is not sensible because he needs the car right away.
• Fido's decision is not sensible because it does not matter if he buys the car now or in a few months.
Answers
Fido's decision is sensible because the cost of the of car loan should be less if his credit history improves.
What should you do if this is your first time financing a car?Calculate the payment you can afford.
Learn what factors affect loan acceptance.
Pre-approve for a loan and compare rates.
Do some research before purchasing an automobile.
Get ready for the dealer.
What kind of credit has easy access?Very short-term loans with typically very high interest rates are referred to as easy access credit. It's a polite way of stating title loans, payday loans, or transactions at pawn shops.
What contributes to the development of a bad credit history?Pay less than the bare minimum.
To Know more about credit history
https://brainly.com/question/27000590
#SPJ13
Which type of line advertisements are considered a multi advertising method?
Web banners
Pop-under ads
Floating ads
Tristitial ads
Answers
The line advertisements that are considered a multi advertising method is Web banners.
What is advertisements?advertisements can be regarded as the process of promoting the brands of a company.
This advertisement involves different process of making a product known to the potential buyers and this could be a multi advertising method.
Learn more about advertisements at;
https://brainly.com/question/25785890
#SPJ2
ତିନୋଟି ମୁଖ୍ୟ ପ୍ରକାରର କ’ଣ?
\( \: \: \: \)
Answers
Answer: ମୁଁ ଇଂରାଜୀ କହୁଛି କିନ୍ତୁ ତୁମର ପ୍ରଶ୍ନ କ’ଣ? ମୋର ଓଡିଆ ଖରାପ |
Explanation:
OnSpec, Inc., and its officers, directors, and shareholders, buy and sell securities. Section 16(b) of the Securities Exchange Act of 1934 covers purchases and sales of securities involving Group of answer choices short-swing profits. tippers and tippees. corporate insiders. misappropriation
Answers
OnSpec, Inc., and its officers, directors, and shareholders, buy and sell securities. Section 16(b) of the Securities Exchange Act of 1934 covers purchases and sales of securities involving "short-swing profits".
What is Securities Exchange Act of 1934 Section 16(b)?An act to prohibit unfair and unethical practices on such exchanges and markets, and for other objectives, to provide for the regulation of securities exchanges and over-the-counter markets operating in domestic, international, and postal commerce.
A buy and sale, or sale and purchase, within six months is referred to in Section 16(b) as a "short-swing transaction." To deter insider trading, Congress incorporated the clause into the Original Exchange Act.
Key features of 1934 section(b) act -
The restriction was put in place to stop insiders from exploiting information for the goal of generating quick money since they had more access to key corporate information.The term "insider" refers to any officers, directors, or stockholders who hold stock that, directly or indirectly, results in beneficial ownership of more than 10% of the company's ordinary stock or other class of equity. Section 16 imposes registration requirements for insiders.To know more about Securities Exchange Act of 1934, here
https://brainly.com/question/13522021
#SPJ4
As the demand for goods and services decreases, job growth
a increases
b. decreases
C. remains the same
d. none of the above
Please select the best answer from the choices provided
A
B
С
D
Answers
Answer:
As the demand for goods and services decreases, job growth
C. remains the same
As the demand for goods and services decreases, job growth decrease. Thus, the correct option is B). decreases.
What will be the result of increased demand over the job growth?If the demand for a firm's output increases, then the firm will demand more labor as production will also increase, thus the job growth will increase.
If the demand of the goods and services decreases, then the production will decrease and the job growth will also decrease.
Hence, as the demand for the goods and services increases, the demand for labor will increase, the demand curve will shift to the right,
Learn more about the demand here:-
https://brainly.com/question/14456267
#SPJ2
Sen Corp., a publicly-traded, mid-cap company, wanted to obtain $30 million in new capital to expand its Iowa plant. Cost of capital was a factor in making the decision. Sen Corp. could either issue new preferred stock or new debentures. Sen Corp.'s underwriter estimated that preferred stock should have an annual dividend payout of $6 and an issue price of $103 per share. The debentures should have a coupon interest rate of 9% and an issue price of $101. Sen Corp.'s marginal income tax rate was 40%.
Required:
What approaches describes Sen Corp.'s best strategy?
Answers
Based on the information given, the approach that describes the strategy that was used by the company is that Sen Corp. should issue the debentures since the after-tax cost of debt (5.347%) would be less than the cost of equity (5.825%).
A debenture simply refers to the rule of bond that's unsecured by collateral. Debentures typically rely on the reputation of the issuer.
From the complete information, the company wants to obtain $30 million in new capital to expand its plant. Therefore, it's appropriate to issue the debentures since issue the cost of equity is more than the after-tax cost of debt.
Learn more about debentures on:
https://brainly.com/question/1192960
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
Which of the following is a way to track your spending?
A. Spreadsheet budget
B. Envelope method
C. An app
D. All of the above
Answers
All of the above that is spreadsheet budget, envelope method and an app is a way to track your spending.
What is a budget?
A budget is a calculation plan, typically money but not always, for a specific time frame, typically one year or one month. Predicted sales and revenue amounts, resource quantities (such as time, costs, and expenditures), environmental impacts (such as greenhouse gas emissions), other impacts, assets, liabilities, and cash flows are all possible inclusions in a budget. Budgets are a measurable way for businesses, governments, families, and other organizations to communicate their strategic plans of action. Although budgets are used by both businesses and governments to keep track of revenues and expenses, you may be most acquainted with them as a tool for managing your personal finances.
Know more about budget - brainly.com/question/24940564
#SPJ1
How long does it take to get a doctorate in education?
Answers
Although channels of distribution allow consumers and industrial users access to products from all over the world, they do not guarantee that consumers will be able to purchase anything they want. Tiny time they want. Certain products may only be available in limited supplies. Because of supply and demand, channel members may be able to charge higher prices for coveted products. This may be fine for a designer handbag, but what if the product is more basic, like fresh water or medical supplies? Or, let's say there is a hurricane or tornado in a certain part of the country, and many people need to repair their homes and roofs. Is it OK for channel members to mark up hardware products during this time to make a bigger profit?
Answers
Answer:
We can more easily obtain products from all over the world. Channels of distribution allow consumers, industrial users, producers, and other channel intermediaries to save time and money. They also allow us to more easily obtain products from all over the world, since we do not have to travel and search for each individual item we wish to purchase.
When meeting a candidate to become your lawyer for the first time, it is important to _____. A. Ask for a guarantee that you are going to win your case b. Haggle with the attorney for lower fees c. Ask questions to help you determine their competence d. Notice how many people work at their office Please select the best answer from the choices provided A B C D.
Answers
Answer:
c. Ask questions to help you determine their competence
Explanation:
pls mark as brainliest
Answer:
its C
Explanation:
just took the review
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
If bonds are issued at a discount, the issuing corporation will pay a principal amount less than the face amount of the bonds on the maturity date.
false
Answers
If bonds are issued at a discount, the issuing corporation will pay a principal amount less than the face amount of the bonds on the maturity date. FALSE
A corporation is an business enterprise—normally a set of people or a organisation—authorized through the country to behave as a single entity and recognized as such in law for certain purposes. Early included entities had been set up by way of constitution. most jurisdictions now permit the creation of latest organizations thru registration.
Below the law, businesses possess a few of the identical rights and responsibilities as people. they are able to enter contracts, mortgage and borrow money, sue and be sued, hire personnel, very own belongings, and pay taxes.
Learn more about corporation here:https://brainly.com/question/13551671
#SPJ4
abigail bought 28 shares of stock at $30.00 per share. she received dividend of $49.50 during the year. at the end of the year, her stock was valued at $43.50 per share. what was her ROI?
Answers
If her stock was valued at $43.50 per share. Her ROI is:50.89%
Return on investmentFirst step
Purchase price=(28×$30)-(28×$43.50)
Purchase price= $840-$1218
Purchase price=$378
Gain in value=$378+ $49.50
Gain in value=$427.5
Second step
ROI=$427.5/$840×100
ROI=50.89%
Therefore the ROI is $15.89%.
Learn m ore about ROI here:https://brainly.com/question/15726451
#SPJ1
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
Read more about net income here:
https://brainly.com/question/28390284
#SPJ1
In a push based system of distribution which relies on selling to customers through a sales force and retail partners, managers direct their promotional efforts more towards
Answers
Answer:
a) channel members.
Explanation:
A push-based distribution system can be defined as one whose production plan is directed from management to the market, where products are sent through a channel until they reach retailers, and then to the final consumer.
Therefore, managers direct their promotional efforts more towards channel members, so that the path that the product goes through to reach the final consumer is effective so that the product arrives in the right way, in the right quantity and at the right time to the consumer. Effective management of the company 's distribution channel helps to reduce costs, reduce delays, speed up the capacity to meet demand, increase customer satisfaction, etc.
Give all start up costs for opening a salon that has 8 workers and that does everything hair and wax related. Include the quantities for each item and the pricing
Answers
Start-up expenses are the costs a business spent or incurred to establish an active trade or business, or to research establishing or acquiring an active trade or business
What is meant by Start-up costs?Start-up expenses are the costs a business spent or incurred to establish an active trade or business, or to research establishing or acquiring an active trade or business. Start-up costs should always be expensed as they are incurred, even though this determination can be somewhat subjective. Typically, start-up costs encompass any expenditure made before a business starts to turn a profit. Startup activities are essentially expensed as they are incurred in the accounting process. Although the guidelines are straightforward, the main concern is not assuming that other charges that are comparable to start-up costs should be treated the same manner.Rent/Lease for the salon space: $2,000 - $10,000
Build-out costs: $5,000 - $15,000
Equipment and supplies:
8 stations, chairs, and mirrors: $5,000 - $10,000
8 styling stations (styling chairs, styling stations, styling tools): $8,000 - $15,000
8 hair dryers: $4,000 - $6,000
8 hair washing stations: $8,000 - $12,000
8 hair cutting stations: $8,000 - $12,000
8 waxing stations: $8,000 - $12,000
Hair color, waxing, and other supplies: $5,000 - $10,000
Marketing and advertising costs: $2,000 - $5,000
Legal and accounting fees: $1,500 - $3,000
Insurance (liability, property, and worker's compensation) $2,000 - $5,000
Employee salaries: $8,000 - $12,000
Miscellaneous costs (utilities, phone, internet, etc): $5,000 - $10,000
Please take note that these figures are only approximations and that prices can change depending on location and other variables.
To learn more about Start-up costs refer to:
https://brainly.com/question/28578431
#SPJ1
how do you manage scarce resources?
Answers
By setting the rations ahead of time and sticking to the intended plan as best as possible. Understand your limits to know how to measure the resources.
What is the primary role of consumers in a free market economy?
Answers
Which factor might pose the greatest risk to a person applying for a credit
card for the first time?
O A. A short grace period
B. A low introductory credit limit for the first six months
C. A lack of fees
D. A low introductory rate that will increase over time
Answers
A low introductory rate that will increase over time is the factor might pose the greatest risk to a person applying for a credit card for the first time. Hence, option D is correct.
What is introductory rate?Introductory rate is the interest rate that is charged to the person at the initial stage of the loan. The interest rate can be minimal, or it is not necessary to charge the interest rate.
The introductory rate is used to sell the loan to customers and make it seem appealing. They may or may not apply to cash advances, although they are frequently utilized for the application of balance transfers.
Thus, option D, A low introductory rate that will increase over time is correct.
For more details about Introductory rate, click here:
https://brainly.com/question/9194048
#SPJ5
A retailer buys books from publishers for $6 each and prices them for sale to consumers at $9. What percentage markup for these books?
Answers
Answer:
50% is the correct answer
Explanation:
Answer:50
Explanation:
just took the test
Wildhorse Windows manufactures and sells custom storm windows for three-season porches. Wildhorse also provides installation service for the windows. The installation process does not involve changes in the windows, so this service can be performed by other vendors. Wildhorse enters into the following contract on July 1, 2020, with a local homeowner. The customer purchases windows for a price of $2,510 and chooses Wildhorse to do the installation. Wildhorse charges the same price for the windows irrespective of whether it does the installation or not. The customer pays Wildhorse $1,970 (which equals the standalone selling price of the windows, which have a cost of $1,100) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2020, Wildhorse completes installation on October 15, 2020, and the customer pays the balance due. Wildhorse estimates the standalone selling price of the installation based on an estimated cost of $450 plus a margin of 30% on cost. Prepare the journal entries for Wildhorse in 2020.
Answers
In 2020, Wildhorse Windows’ journal entries for the given transaction are as follows:Journal entries for Wildhorse Windows Accounts Debit Credit Cash2,510 Sales revenue 2,510(To record sales made on July 1, 2020)
Cost of goods sold 1,100 Inventory1,100(To record the cost of goods sold on July 1, 2020)Cash 1,970 Unearned revenue1,970(To record the receipt of payment from the customer on September 1, 2020)Cost of goods sold1,350Inventory1,350(To record the sale of goods on October 15, 2020)Unearned revenue 900 Installation revenue900(To record the completion of the installation and recognition of revenue on October 15, 2020)
Installation expense 585 Estimated liability for installation 585(To record the estimated installation expenses on October 15, 2020)Accounts receivable 585 Estimated liability for installation 585(To record the billing of the customer for installation services on October 15, 2020)Therefore, the above journal entries represent the transaction that was done by Wildhorse Windows in 2020.
To know more about transaction visit:
https://brainly.com/question/24730931
#SPJ11
Olin, a professional artist and art teacher, convinces Plato, who has no artistic ability, that he has considerable talent and induces him to pay Olin $10,000 for art lessons. When Plato realizes the truth, he files a suit against Olin. Plato is most likely to recover on the basis of
Answers
Answer:
Fraud
Explanation:
Fraud can be defined as a criminal deception or deceit that is aimed at resulting in financial gain.
From the above question, Olin defrauded Plato of $10,000 despite knowing that Plato had no talent. This is fraudulent and as such can help Plato's case against olin.
Cheers.
If you make 75 cents on every appetizer and sell 1,200 appetizers in a month, and you make $6 every entree and sell 175 per month , which is more profitable
A) appetizers
B) entrees
Answers
Answer:
B) entrees
Explanation:
The profit from the sale of every appetizer is 75 cents, which is equivalent to $0.75
Profits from the sale of 1,200 appetizers
=$0.75 x 1,200
=$900
Profit per entree is $6
profit from 175 entrees
=175 x $6
=$1,050
entrees have higher profits than appetizers
Answer:
b. entrees
Explanation:
Mel prints 1200 leaflets to advertise her new business.
The cost is £250 + 20% VAT. What is the cost of 1 leaflet
Answers
Answer:
$0.25
Explanation:
The cost of 1200 leaflets is $250 plus 20% VAT
the VAT charges is
=20% of $250
=20/100 x 250
=0.2 x 250
=$50
The total cost of 1200 leaflets
= $250 + $50
=$300
1200 leaflets cost , $300
one leaflet will cost
=$300/$1200
=$0.25
Is South Korea one of the fastest-growing Asian country
Answers
Answer:
yes, it is
Explanation:
It has one of the largest economies in the world
internet advertising is impersonal, one-way mass communication. true false
Answers
While it is true that internet advertising can be one-way mass communication, it is not necessarily impersonal. False.
With the advancement of technology and data analytics, internet advertising has become increasingly personalized. Advertisers can use targeted advertising techniques to reach specific audiences based on their demographics, interests, and online behavior. This allows for a more personalized and tailored approach to advertising, which can help build relationships with customers and increase engagement.
Additionally, social media platforms provide opportunities for two-way communication between advertisers and customers through comments and direct messages. This allows for a more personalized and interactive experience for customers.
Overall, while internet advertising can be one-way mass communication, it has evolved to become more personalized and interactive in recent years, making it a valuable tool for businesses to connect with their target audience. False.
Know more about the internet advertising
https://brainly.com/question/26182512
#SPJ11
30 POINTS :D
If someone you don't know asks where you go to school, what should you do?
A. Don't respond
B. See if they're a friend of a friend
C. Ask why they want to know
D. Lie to them