A living wage has been defined as a wage that equals or exceeds the minimum wage established by law.
A living wage is a hypothetical income level that enables people or families to afford decent housing, nourishing food, and other requirements. A living wage is intended to give workers access to sufficient income to maintain a decent standard of living and keep them out of poverty. According to economists, it ought to be sufficient to guarantee that no more than 30% of this revenue is used for housing.
Therefore, living wages are typically much more than the legally needed minimum wage.
According to the universal agreement, a livable wage is one that gives workers enough money to maintain themselves without putting them below the federal poverty line (FPL).
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Which of the following is a characteristic of a service?
A. Can be stored
B. Can be repeated in exactly the same way
C. Mass produced
D. Intangible
Answer:
D.Intangible
Explanation:
Because three characteristics of service are: intangibility, inseparability, variability
The correct answer is D. Intangible. is a characteristic of a service
What are servicesServices are intangible in nature. This means that they do not have a physical presence and cannot be touched or held like physical goods. This is one of the key characteristics that differentiates a service from a product.
Options A, B, and C are typically characteristics of goods, not services:
A. Services cannot be stored for later use like physical goods.
B. Due to the human aspect involved in delivering services, they may not be repeated in exactly the same way each time.
C. Services are generally customized to the individual customer and are not mass-produced in the same sense as physical goods.
Option D is therefore a service characteristic.
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5. The price of a laptop computer dropped from $1,800 to $1,200. What was the percent of
decrease?
a. 30%
b. 1/3
c. 33.33%
d. 333
Answer:
c. 33.33%
Explanation:
The original price was $1,800
The price dropped to $1,200
the drop in price was $1,800 - $1200 = $600
The percentage drop will be $600/$1800 x 100
=0.33333 x 100
=33.33%
A government spends money in order to:
A. influence which products will be available to U.S. consumers.
B. make sure government programs can function properly.
C. prevent foreign businesses from competing with U.S. companies.
D. decide what each employee at a U.S. company will be paid.
BMIT
Answer:
Options A and C is not related at all. I belive It's B.
the probabilities that stock a will rise in price is 0.63 and that stock b will rise in price is 0.37. further, if stock b rises in price, the probability that stock a will also rise in price is 0.68.
In that design, the region that does not overlap with either "A space" or "B space" would retain the maximum amount, or 32%. Therefore, 32%, or 0.32, is the highest number for the likelihood that none of these two occurrences will occur.
Is a stock an asset?Stocks are not actual assets; they are financial assets. Paper assets that are easily convertible to cash are referred to as financial assets. Real assets have inherent worth because they are tangible.
Over the long term, stocks have the most potential for growth (capital appreciation) for investors. Investors who have chosen to hold onto equities for an extended length of time—say let's 15 years—have often been rewarded with robust, profitable returns.
Equities and stocks are the same thing.
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Landon jewelers uses the perpetual inventory system. on april 2, landon sold merchandise with a cost of $2,500 for $7,000 to a customer on account with terms of 3/15, n/30. the journal entry to record the cost of goods sold would be:
Answer:
Dr Cash $6,790
Dr Sales discount $210
Cr Accounts Receivable $7,000
Explanation:
Cost of goods sold by Landon Jewelers is $7,000
The cost is subject to 3/15, n/30 meaning that 3% will discount will be applicable if payment is made in 15 days. Where the balance is not paid within 15 days, it must however be paid within 30 days.
Since payment was made to Landon Jewelers within the 15 days grace, 3% deduction will be applicable to the payment.
Therefore Sales discount would be ;
= $7,000 × 3%
=$210
Balance paid in cash would be;
=$7,000 - $210
=$6,790
Journal entry for cost of goods sold would be;
Dr Cash $6,790
Dr Sales discount $210
Cr Accounts Receivable $7,000
Sales discount is an expense hence debited while the whole amount is credited to accounts receivable.
Covering up incidents, abusing sick days, lying to a supervisor, taking credit for a colleague's ideas, and inflating grades on a résumé are examples of
Covering up accidents, taking advantage of sick days, telling lie to the boss, appropriating a coworker's ideas, and exaggerating grades on a resume are some examples of unethical actions.
A candidate for a job creates a formal document called a résumé that outlines their qualifications for the position. A resume is typically accompanied with a personalized cover letter in which the applicant expresses interest in a certain job or company and highlights crucial details from the CV.
The term "unethical behavior" refers to conduct that deviates from societal norms or is seen negatively by the general public. The exact opposite of unethical activity is ethical behavior. The public accepts ethical behavior because it adheres to the majority of societal standards.
One of the biggest problems in today's society is the prevalence of unethical behavior, which includes lying, cheating, organizational misbehavior, and many other types. Extreme incidents and expensive frauds are frequent, as the media frequently emphasizes.
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Select all the correct answer.
What type of factor of production is a bulldozer?
Oland
O labor
O capital
O entrepreneur
Answer:
capital
Explanation:
bulldozer is bought with capital.
Why would a company choose to engage in a conglomerate merger instead of a vertical or horizontal merger? a) A conglomerate merger is done to reduce risk.b) Double taxation does not occur when the merger is with a company outside the normal business environment of the acquiring company.c) The conglomerate merger results in reduced liability while the other two types of mergers do not.d) It is easier to dissolve a conglomerate merger than the other types of mergers.e) Government regulation of conglomerate mergers is minimal.
A conglomerate merger offers several advantages over a vertical or horizontal merger, including reduced risk, no double taxation, reduced liability, easier dissolution, and minimal government regulation.
A company may choose to engage in a conglomerate merger instead of a vertical or horizontal merger for several reasons. Firstly, a conglomerate merger is done to reduce risk. By diversifying their portfolio through the acquisition of a company outside of their industry, the acquiring company can spread their risk and potentially increase their profits.
Secondly, double taxation does not occur when the merger is with a company outside the normal business environment of the acquiring company. In a horizontal or vertical merger, the two companies may have similar products or services, resulting in double taxation.
Thirdly, the conglomerate merger results in reduced liability while the other two types of mergers do not. A horizontal merger may result in increased market power, leading to antitrust issues, while a vertical merger may lead to accusations of monopoly power. A conglomerate merger, however, does not pose these issues.
Fourthly, it is easier to dissolve a conglomerate merger than the other types of mergers. A horizontal or vertical merger may result in a complicated and lengthy dissolution process, whereas a conglomerate merger can be easily undone by divesting the non-core business.
Lastly, government regulation of conglomerate mergers is minimal. As there is less concern over monopoly or antitrust issues, the government is less likely to intervene in a conglomerate merger.
A conglomerate merger offers several advantages over a vertical or horizontal merger, including reduced risk, no double taxation, reduced liability, easier dissolution, and minimal government regulation. The correct option is A.
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Section three of a business plan describes which of the following?
A. Business description and analysis
B. Organization and marketing plan
C. Financial plan
D. Promotional activities
Answer:
B. organization and marketing plan
Section three of a business plan describes Organization and marketing plan. Thus option B is correct.
What is a business plan?A business plan is an outline that describes in great depth the goals and the company's goals. A business plan outlines a documented strategy for the company's operations, finances, and branding.
Management and marketing strategy are covered in Section 3 of a marketing strategy. a statement of your company and the particular customer issue you are solving, so the reader knows what you are attempting to accomplish.
The process of determining a company's purpose for being, identifying objectives targeted at attaining its maximum capabilities, and developing progressively distinct duties to achieve those objectives is known as organizational planning.
Therefore, option B is the correct option.
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schemm inc. regularly uses material f04e and currently has in stock 470 liters of the material for which it paid $2,632 several weeks ago. if this were to be sold as is on the open market as surplus material, it would fetch $5.36 per liter. new stocks of the material can be purchased on the open market for $5.96 per liter, but it must be purchased in lots of 1,000 liters. you have been asked to determine the relevant cost of 800 liters of the material to be used in a job for a customer. the relevant cost of the 800 liters of material f04e is:
The relevant cost of the 800 liters of material F04E is $2,519.20 (opportunity cost) + $5,960 (purchase cost) = $8,479.20.
The relevant cost of the 800 liters of material f04e would be calculated as follows: Firstly, we need to determine the cost of the 470 liters of material currently in stock. As mentioned, the company paid $2,632 for the 470 liters, so the cost per liter would be $2,632 divided by 470, which equals $5.60 per liter. Next, we need to determine the cost of purchasing an additional 330 liters to make up the 800 liters required. As mentioned, new stocks of the material can be purchased for $5.96 per liter, but it must be purchased in lots of 1,000 liters. Therefore, the company would need to purchase two lots of 1,000 liters, giving a total cost of $11,920. However, we only require 330 liters, so we need to calculate the cost per liter of this amount. $11,920 divided by 2,000 liters equals $5.96 per liter, so the cost of 330 liters would be $1,964.80.
We add the cost of the 470 liters in stock ($2,632) to the cost of purchasing the additional 330 liters ($1,964.80) to get the total relevant cost of 800 liters of material f04e. The relevant cost of 800 liters of material f04e would be $4,596.80. The relevant cost of the 800 liters of material F04E can be calculated by considering the cost of using the current stock and the cost of purchasing additional material.
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Activity-based costing (ABC) is a costing technique that uses a two- stage allocation process. Which of the following statements best describes these two stages? Select one: O a. Indirect costs are assigned to activities, and then to the products based upon the direct cost resources used by the activities. O b. The costs are assigned to departments, and then to the products based upon their use of activity resources O c. Direct costs are allocated to the production departments based on a predetermined overhead rate. O d. The costs are assigned to activities, and then to the products based upon their use of the activities. e. none of the given answer.
The correct answer is d. The two stages of activity-based costing involve assigning costs to activities and then to products based on their use of those activities.
This approach differs from traditional costing methods, which allocate indirect costs to departments and then to products based on predetermined overhead rates. Activity-based costing provides a more accurate picture of the costs associated with producing specific products or services, as it takes into account the various activities involved in the production process and the resources required to perform them. By identifying and analyzing these activities, organizations can better understand their cost structure and make more informed decisions about pricing, product mix, and process improvements. Overall, activity-based costing can help organizations improve their profitability and competitiveness by providing a more accurate and detailed view of their costs.
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The prisoner's dilemma is a situation in which:
Group of answer choices
O players have difficulty in choosing a strategy based on trust.
O a firm's competitors ignores its action while making their own decisions.
O oligopolists behave irrationally.
O oligopolists attempt to maximize sales rather than profits.
O an oligopolist’s demand curve becomes perfectly inelastic.
The prisoner's dilemma is a situation in which: players have difficulty choosing a strategy based on trust.
In a prisoner's dilemma, the firm will settle on choices that will just help them without believing the other player in the game, which will hurt the general result.
The prisoner's dilemma presents what is happening where two gatherings, isolated and unfit to impart, should each pick between collaborating with the other or not. The most elevated prize for each party happens when the two players decide to co-work.
The prisoner dilemma is the most popular round of the systems in sociology. It assists us with understanding what oversees the harmony among participation and contest in business, legislative issues, and group environments.
Hence option (A) is correct.
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Consider two investment projects. Project A is built in one year at an initial cost of $10,000. It then yields the following decreasing stream of benefits over a five-year period: $5000, $4000, $3000, $2000, $1000. Project B is built in two years. Initial costs are $10,000 in the first year and $5000 in the second year. It then yields yearly profits of $6000 for the next four years. Which of these investment projects is preferable? 1. Compute the present values of both projects assuming an annual discount rate (interest rate) of 4%. Which project seems preferable? [Hint: Treat expenditures as negative and income as positive.] 2. Compute the present values of both projects assuming an annual discount rate of 16%. Which project seems preferable now?
When computing the present values of both investment projects, Project A appears preferable at an annual discount rate of 4%, while Project B becomes more favorable at an annual discount rate of 16%.
To determine the preferable investment project, we need to calculate the present value of the cash flows for both projects at different discount rates.
At a 4% discount rate:
For Project A, we calculate the present value (PV) of the benefits using the formula PV = B1/(1+r)^1 + B2/(1+r)^2 + ... + B5/(1+r)^5, where B represents the benefits and r is the discount rate. The present value of Project A is approximately $11,292.98.
For Project B, we consider the initial costs in both years and the profits for the subsequent four years. The present value of Project B is approximately $16,351.85.
Comparing the present values, Project B has a higher value, making it preferable at a 4% discount rate.
At a 16% discount rate:
Repeating the calculations with a 16% discount rate, the present value of Project A is approximately $8,621.87, while the present value of Project B is approximately $11,791.09.
Now, Project A has a higher present value, making it preferable at a 16% discount rate.
The choice of the preferable investment project depends on the discount rate used. At a lower discount rate, Project B's higher future profits outweigh the initial costs, making it more favorable. However, at a higher discount rate, the diminishing future benefits of Project A become more significant, making it the better choice.
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What are the components of a logical block address?
The components of an LBA can vary depending on the type of storage device, but generally include Sector number, Head number, Cylinder number, and Device number.
A Logical Block Address (LBA) is a unique identifier for a block of data on a storage device such as a hard disk drive or solid-state drive. The components of an LBA can vary depending on the type of storage device, but generally include the following:
Sector number: The sector number is the position of the block within the track on the disk. Sectors are numbered consecutively from the outermost track to the innermost track.Head number: The head number is the position of the read/write head that reads or writes data on the disk. Most modern storage devices have multiple heads that can read or write data simultaneously.Cylinder number: The cylinder number is the position of the track on the disk. Cylinders are numbered consecutively from the outermost cylinder to the innermost cylinder.Device number: In some cases, the LBA may also include a device number to identify the specific storage device or array that the block of data is located on.These components are used together to create a unique identifier for each block of data on the storage device. The LBA is used by the operating system to access data on the disk and is often used by disk utilities and other tools to diagnose and repair disk errors.
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On Sunday, Dawson's flower shop sold 25 arrangements. The materials needed for 25 arrangements cost $250. If he sold each arrangement for $55, what would the net income?
Answer:
Net Income = $1125
Explanation:
The net income is the difference between the revenue and the total costs incurred to earn that revenue. It can be calculated as follows,
Net Income = Revenue - Total costs
The revenue in the given question can be calculated by multiplying the selling price per arrangement by the number of arrangements sold.
Revenue = 55 * 25
Revenue = $1375
The total cost for materials needed for 25 arrangements is provided and there are no other costs.
Net Income = 1375 - 250
Net Income = $1125
with respect to the question of when should the firm stop investing, which of the following describes the exact point of optimal investment? where the marginal benefit of the next investment is equal to the marginal costs of that investment where marginal profit of the next investment is greater than the marginal profit of the previous investment where marginal profit of the next investment is positive where the agency costs associated with investment is minimized where the risk associated with the next investment is minimized
The following which describes the exact point of the optimal investment is where the marginal benefit of the next investment is equal to the marginal costs of that investment option A.
The ideal balance of hazardous assets is independent of wealth, noncapital income, age, and consumer impatience, according to the best investing methods. Furthermore provided are the necessary and adequate conditions for long-term capital growth.
One of the three basic order types you'll see on the market are stop, market, and limit orders. A stop order is always carried out in the price's direction of movement. For instance, the stop order is intended to sell at a predetermined price below the going market price if the market is trending lower. If the price is going up, on the other hand, the stop order will be to purchase when the security reaches a predetermined price higher than the current market price.
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Complete question:
With respect to the question of when should the firm stop investing, which of the following describes the exact point of optimal investment?
where the marginal benefit of the next investment is equal to the marginal costs of that investment where marginal profit of the next investment is greater than the marginal profit of the previous investment where marginal profit of the next investment is positive where the agency costs associated with investment is minimized where the risk associated with the next investment is minimizedall u.s. employees, including federal, state, and local government employees, are covered under the old age, survivors, disability, and health insurance (oasdhi) program. true false
True, all U.S. employees, including federal, state, and local government employees, are covered under the Old Age, Survivors, Disability, and Health Insurance (OASDHI) program.
The OASDHI program, commonly known as Social Security, was created in 1935 and provides retirement, survivor, disability, and health insurance benefits to eligible individuals. The program is funded through payroll taxes paid by employees and their employers. The Social Security Administration (SSA) is responsible for administering the program and determining eligibility for benefits.
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Use the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question.
Stuart Company
Balance Sheet
As of December 31, 2019
(amounts in thousands)
Cash 3,700 Liabilities 2,200
Other Assets 3,200 Equity 4,700
Total Assets 6,900 Total Liabilities & Equity 6,900
Between January 1 and March 31, 2020:
1. Other Assets decrease by $300,000
2. Liabilities increase by $400,000
3. Equity increases by $100,000
What is the value for Cash on March 31, 2020?
Note: Account change amounts are provided in dollars but the balance sheet units are thousands of dollars.
Please specify your answer in the same units as the balance sheet (i.e., enter the number from your updated balance sheet).
One of the three essential financial statements that aid in the assessment of a company is the balance sheet. It provides a precise picture of a company's financial situation as of a particular date.
What is a Balance Sheet?A company's balance sheet is a statement of its assets, liabilities, and shareholder equity as of a particular date. It aids in assessing the capital structure of a company and computes the rate of return for its investors.
A balance sheet can also be used in conjunction with other financial statements to perform basic analysis and calculate financial ratios.
Components of a balance sheetA balance sheet is made up of three primary parts. As follows:
Liabilities
This area of the balance sheet displays the debts that a business has, such as loan payments, ongoing bills, various types of debt, etc. Liabilities can now be separated further into the following two groups:
Current obligations
Current maturities of long-term debt, accounts payable, and notes payable with a one-year due date all fall under current obligations.
Negative current assets
Deferred tax liabilities, bonds payable, long-term debt, and notes payable in the long term are examples of non-current liabilities.
Assets
You can find valuable objects that can be converted into cash in the assets part of the balance sheet. The order of these items will reflect their liquidity, or how quickly they can be converted into cash.
What are the features of a balance sheet?All of a company's liabilities and assets are listed on the balance sheet. It demonstrates their worth and nature, allowing you to understand where the capital is at a given time. It does not, however, list any income or costs.
Asset = Liability + Capital is the formula used in balance sheets, and both of its sides are always equal.
It considers the current and individual accounts of a company's credit as well as debit balances. Liabilities of a business are the credit balance that falls under the personal account. In contrast, the negative balance, which is referred to as the assets of the real account,
The balance sheet is often created by a company's accountants on the final day of an accounting year. This is the case since it is the last stage of the final accounts process and requires an evaluation of the business's trading activities as well as a profit and loss account for preparation.
What is the importance of a balance sheet?A balance sheet is a crucial element that promotes the efficient operation of a corporation. The following are a few justifications for the significance of a company's balance sheet:
Assist banks in evaluating a firm’s net worth
A company looks to banks for loans when it wishes to increase its operations and make future investments. In such cases, the banks will review the balance sheet of the company to determine whether it is in a position to repay the loan in full.
Serves as a determiner for risk and returns
You can gauge how easily you can meet your short-term obligations by keeping a balance sheet. In addition, if your company's liabilities are expanding quickly, you can control them to reduce the likelihood of bankruptcy.
Enables financial analysis
You may acquire a clear understanding of your company's liquidity situation by having a solid balance sheet. As a result, you may see your company's cash flow, working capital funding, accounts receivable status, and how much daily trading your company can handle.
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Assume there are external benefits associated with the production of Good X. Without government regulation, the market will: produce too much of Good X. produce too much of Good X. price Good X less than the marginal social cost. price Good X less than the marginal social cost. produce too little of Good X. produce too little of Good X. price Good X greater than the marginal cost. price Good X greater than the marginal cost.
Answer:
produce too little of Good X. produce too little of Good X.
Explanation:
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.
Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible
An investor can take advantage of intraday price changes due to normal market forces when investing in
1. closed-end funds
2. exchange-traded funds
3. hedge funds
4. open-end funds
A) III and IV
B) I and II
C) II and III
D) I and IV
An investor can take advantage of intraday price changes due to normal market forces when investing in closed-end funds and exchange-traded funds.
The correct answer is B) I and II.
Investors can take advantage of intraday price changes due to normal market forces when investing in closed-end funds and exchange-traded funds (ETFs).
Closed-end funds: These funds issue a fixed number of shares that trade on an exchange like stocks. The prices of closed-end funds can deviate from their net asset value (NAV) due to market demand and supply dynamics. Investors can buy or sell these funds at market prices during trading hours, allowing them to potentially capitalize on intraday price changes.
Exchange-traded funds (ETFs): Similar to closed-end funds, ETFs trade on an exchange, and their prices can fluctuate throughout the trading day. ETFs are designed to track a specific index or asset class, and their prices reflect the underlying securities held in the fund. Investors can take advantage of intraday price movements in ETFs by buying or selling shares during market hours.
Hedge funds (option 3) and open-end funds (option 4) do not typically provide the same intraday trading opportunities. Hedge funds are private investment vehicles with limited investor access and often have restrictions on liquidity. Open-end funds, such as mutual funds, are priced based on their NAV at the end of each trading day, and investors transact at the NAV price next calculated after their order is received.
Therefore, the correct options are I (closed-end funds) and II (exchange-traded funds).
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Andrew and Madison Miller are trying to decide between a 15-year and 30-year mortgage. They are looking to purchase a home worth $280,000 and have saved a 20% down payment.
15-YEAR MORTGAGE
Use the mortgage calculator to answer these questions.
if andrew and madison get a 15-year fixed-rate mortgage at a 4.18% interest rate, how much will they end up paying in interest?
Over the life of the loan, they would pay a total of $68,464.42 in interest.
To calculate the total interest paid on a 15-year fixed-rate mortgage for a home worth $280,000 with a 20% down payment, we can use a mortgage calculator. Assuming that Andrew and Madison Miller make a 20% down payment ($56,000), the amount of their mortgage would be $224,000. If they choose a 15-year fixed-rate mortgage with an interest rate of 4.18%, their monthly mortgage payment would be $1,642.58. This is calculated by subtracting the amount borrowed from the total amount paid over the life of the loan (including Over the life of the loan, they would pay a total of $68,464.42 in interest. principal and interest), which is $292,464.42 ($1,642.58 x 12 months x 15 years). While a 15-year mortgage will result in higher monthly payments than a 30-year mortgage, it will save the Millers a significant amount of money in interest over the life of the loan. In this case, they would save approximately $80,000 in interest by choosing a 15-year mortgage over a 30-year mortgage with a higher interest rate. However, it's important to consider whether the higher monthly payments are affordable and sustainable for the Millers over the life of the loan.
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Question 2 of 10
What is product positioning?
O
A. The set of plans for product, price, place, and promotion that the
marketer will use
O
B. The use of names and symbols to identify the company's products
O C. The process of dividing up a total market into groups (segments)
with similar needs and buying behaviors
OD. A definition of how the company intends for customers to view its
product relative to the competition
Answer:
I think it should be D keep checking just in case
Sunland Company owns equipment that cost $73,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $13,000 and an estimated useful life of 5 years. Prepare Sunland Company's journal entries to record the sale of the equipment in these four independent situations. (a) Sold for $39,000 on January 1, 2022. (b) Sold for $39,000 on May 1, 2022. (c) Sold for $22,000 on January 1, 2022. (d) Sold for $22,000 on October 1, 2022.
Answer and Explanation:
The journal entries are shown below;
(a)
Cash $39,000
Accumulated Depreciation $36,000 [($73,000 - $13,000) × 3 ÷ 5]
To Equipment $73,000
To Gain on Sale of Equipment $2,000
(being the sale of equipment is recorded)
(b)
Depreciation $4,000 [($73,000 - $13,000) ÷ 5 × 4 ÷12]
To Accumulated Depreciation $4,000
(being depreciation expense is recorded)
Cash $39,000
Accumulated Depreciation $40,000 ($36,000 + $4,000)
To Equipment $73,000
To Gain on Sale of Equipment $6,000
(being the sale of equipment is recorded)
(c)
Cash $22,000
Accumulated Depreciation $36,000
Loss on Sale of Equipment $15,000
To Equipment $73,000
(being the sale of equipment is recorded)
(d)
Depreciation $9,000 [($73,000 - $13,000) ÷ 5 × 9 ÷ 12]
To Accumulated Depreciation $9,000
(Being depreciation expense is recorded)
Cash $22,000
Accumulated Depreciation $45,000 ($36,000 + $9,000)
Loss on Sale of Equipment $6,000
To Equipment $73,000
(being sale of equipment is recorded)
An electronics store sells specialty headphones for $100. They usually sell 5
pairs per day and purchase 150 pairs from their suppliers per month.
According to the law of supply, which outcome would be most likely if the
store could sell the headphones for $120 without losing customers?
A. The store would purchase 175 pairs per month,
B. The store would sell 3 pairs per day.
C. The store would sell 7 pairs per day,
D. The store would purchase 100 pairs per month.
D. The store would purchase 100 pairs per month
As the electronics store sells specialty headphones for $100. They usually sell 5 pairs per day and purchase 150 pairs from their suppliers per month. According to the law of supply, if the store could sell the headphones for $120 without losing customers then it would have to sell 7 pairs per day.
What is Law of supply?
Law of supply is a fundamental principal of Economic theories. It states that keeping all the other factors at constant, an increase in the the price of the product results in the increased supply of that product.
What is the Formula of Law of Supply?Qs = x + yP
Where:
n Qs = the quantity supplied
n X = quantity
n P = price
n Y = variable
Hence option C is the correct answer.
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what effects would each of the following have on aggregate demand or aggregate supply, other things equal? a. a widespread fear by consumers of an impending economic depression. b. a new national tax on producers based on the value added between the costs of the inputs and the revenue received from their output.
Increasing amounts of consumers save money for the future and reduce their present-day consumption as a result of widespread consumer anxiety over an imminent economic depression.
What Does Consumers Energy Provide?
Our society and the rest of the globe depend heavily on energy. Consider the daily activities you engage in that consume energy, such as using a heated swimming pool, a television, a video game, a light, or the Internet. You can perform those things every day with the support of the power and natural gas we offer at Consumers Energy. The energy we generate contributes to the amazing benefits enjoyed by millions of Michigan citizens.
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PILLAY MANUFACTURERS (PM) mutual agreement for work performed at night after 18:00 and before 6:00 the following day. Pillay manufacturers specialises in the manufacturing of fruit juice. Employees at PM have a normal rate. PM provided all black employees with learnerships and learning programmes. Black females are given opportunities to be included in shareholding in the business. Newly appointed employees were given access to the employment contract and were also inducted on different aspects. The induction programme included the following aspects: The tour of the premises, introduction to key people and immediate colleagues and a discussion of employee benefits. The business strives to set a code for ethical and effective leadership by the board of directors, by ensuring that all King Code principles are applied in all dealings. Employees have demonstrated some unprofessional business practices by taking extended lunch breaks to do their shopping. 1.1.1 PM needs to identify problems that affect their operations to make informed decisions. Brainstorming and force field analysis have been applied to enable them to solve complex business problems. Name TWO provisions of BCEA from the scenario above
Considering the scenario above, the two provisions of the BCEA would be:
The mutual agreement for night work after 6 pm and 6 am.The induction program that includes discussing employee benefits.What is the BCEA?Corresponds to an acronym for Basic Conditions of Employment Act, which is a South African labor law, which aims to provide decent standards and rights for local workers. Some of its principles are related to:
Working hoursOvertimeAnnual leaveLicensesTermination of the employment contractTherefore, BCEA is essential for labor regulation in South Africa, establishing rules on wages, child labor and other workers' rights.
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Which of the following phenomena help explain why the short-run aggregate supply curve is sloped instead of vertical? technological advancements, sticky prices, supply shocks, money illusion, the wealth effect, menu costs.
The sticky price phenomenon helps explain why the short-run aggregate supply curve is sloping rather than vertical. Here option B is the correct answer.
The short-run aggregate supply curve represents the relationship between the price level and the quantity of goods and services that firms are willing and able to supply in the economy in the short run. One important feature of the short-run aggregate supply curve is that it is upward-sloping instead of vertical, meaning that an increase in the price level leads to a higher level of output supplied. There are several phenomena that help to explain this slope:
First, sticky prices occur when firms do not adjust their prices immediately in response to changes in demand or supply conditions. As a result, when the price level increases, the cost of production for firms may remain constant in the short run, allowing them to increase output.
Second, supply shocks can also affect the short-run aggregate supply curve. For example, an unexpected increase in the price of oil can increase the cost of production for firms, leading to a decrease in output. Conversely, a decrease in the price of oil can reduce the cost of production, leading to an increase in output.
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Complete question:
Which of the following phenomena helps to explain why the short-run aggregate supply curve is sloped instead of vertical?
A) Technological advancements
B) Sticky prices
C) Supply shocks
D) Money illusion
E) The wealth effect
F) Menu costs
Listen Which of the following is not a potential benefit to the real estate developer from taking on debt as a source of capital for financing new development? a) Leverage increases investment returns when cost of capital is less than the unlevered project return b) Tax deduction of interest payment Oc) Debt may include restrictive covenants d) Securitized debt can be the lowest cost source of capital
Debt may include restrictive covenants. While taking on debt as a source of capital for financing new real estate development can offer numerous benefits, such as leveraging, tax deductions, and cost-effective securitized debt, it may also come with certain limitations. The answer to the question is option C:
One of these limitations is the presence of restrictive covenants in the debt agreement. These covenants can limit the developer's ability to make decisions regarding the property, such as changes to the zoning or the addition of new features. Therefore, while debt can be an effective way for real estate developers to finance new projects and maximize investment returns, it is important to carefully evaluate the terms and conditions of the debt agreement to ensure that it aligns with the developer's goals and objectives.
The option that is not a potential benefit to the real estate developer from taking on debt as a source of capital for financing new development is c) Debt may include restrictive covenants. Restrictive covenants are terms and conditions included in a loan agreement that can limit a borrower's actions and decisions, potentially hindering their flexibility in managing their projects.
On the other hand, options a), b), and d) represent the potential benefits of using debt as a source of capital. Leverage, in option a), can increase investment returns when the cost of capital is less than the unlevered project return, allowing developers to maximize their profits. In option b), the tax deduction of interest payments can lead to cost savings and increased cash flow, making it more attractive to use debt financing. Lastly, option d) states that securitized debt can be the lowest-cost source of capital, which may be advantageous for real estate developers when compared to other financing options such as equity financing or issuing corporate bonds.
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1 A type of process that creates one-of-a-kind products is: (Choose all that apply)
a. Repetitive processing Repetitive processing
b. Job shop Job shop
c. Project Project
d. Continuous processing
2 A type of process that creates one-of-a-kind products is: (Choose all that apply)
a. Repetitive processing Repetitive processing
b. Job shop Job shop
c. Project Project
d. Continuous processing
3 Your selection of a layout format for your facility depends on: (Choose all that apply)
a. Available space Available space
b. Production volume Production volume
c. The design of the process The design of the process
d. The inventory flow
4 Your selection of a layout format for your facility depends on: (Choose all that apply)
a. Available space Available space
b. Production volume Production volume
c. The design of the process The design of the process
d. The inventory flow
A job shop Workshop is a procedure that produces unique items. The layout format you choose for your facility will rely on the amount of available space.
What is the layout format?Formatting is the process of entering paragraph and line breaks, indents, spaces, typefaces, and punctuation. You may assist us in turning the pages of your manuscript into a finished book that appears appealing and professional by adhering to a few simple text formatting guidelines.The procedure or act of laying things out. An organization or plan, particularly the schematic arrangement of components or regions. The design of a factory or a printed circuit. the way anything is organized; specifically, the layout or composition of a newspaper, book page, advertisement, etc.To learn more about layout format, refer to:
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The types of processes that create one-of-a-kind products are job shop and project processes.
The types of processes that create one-of-a-kind products are job shop and project processes.
The selection of a layout format for a facility depends on available space, production volume, the design of the process, and the inventory flow.
The selection of a layout format for a facility depends on available space, production volume, the design of the process, and the inventory flow.
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which type of stockholders usually has the right to vote and control the board of directors?
Common stockholders usually have the right to vote and control the board of directors.
Common stockholders are given voting rights, which they can use to elect the board of directors, approve or reject proposed mergers and acquisitions, and make other important decisions. These stockholders typically have one vote per share of stock they own, and the number of shares they own determines their percentage of voting power in the company. In contrast, preferred stockholders usually do not have voting rights, but they do have priority in receiving dividends over common stockholders. As a result, common stockholders have more control over the company's direction and decisions.
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