Depreciation for Partial Periods Bar Delivery Company purchased a new delivery truck for $45,000 on April 1, 2019. The truck is expected to have a service life of 10 years or 150,000 miles and a residual value of $3,000. The truck was driven 12,000 miles in 2019 and 20,000 miles in 2020. Bar computes depreciation expense to the nearest whole month. Required: Compute depreciation expense for 2019 and 2020 using the following methods: (Round your answers to the nearest dollar.) Straight-line method 2019 $ 2020 $ Sum-of-the-years'-digits method 2019 $ 2020 $ Double-declining-balance method 2019 $ 2020 $ Activity method 2019 $ 2020 $ For each method, what is the book value of the machine at the end of 2019

Answer:

objections

Explanation:

salespeople should

know the product's benefits

making a presentation around what the customer wants

gathering customer reviews

quizletcom250953849mgmtchapter16learnsmartflashcards

Explanation:

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Answer:

a Prospectus

Explanation:

The Prospectus is the name of the document that is required to be issued out by a developer when there are 20 new residential condo units up for sales.

This document contains information written in the condominium documents, and after it has been filled, it is usually submitted to the Division of Florida Condominiums, Timeshares, and Mobile Homes.

To speak with senior executives in the airline industry who are from companies headquartered in Europe and focused on the low-cost airline sector post-Covid, there are several options.

One approach is to research airlines headquartered in Europe that have a significant low-cost presence and contact their public relations or investor relations departments to request an interview with a senior executive.

Another option is to attend industry conferences or events focused on the aviation sector, where executives from low-cost airlines in Europe may be present. Additionally, business networking platforms such as LinkedIn can be used to connect with senior executives in the industry and request interviews or conversations.

It is important to have a clear purpose and agenda for the conversation, and to approach the executives in a professional and respectful manner.

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A claims representative is an individual who works for an insurance company.

A claims adjuster is an individual who works for an insurance company. Their primary role is to investigate, evaluate, and settle insurance claims on behalf of the insurance company.

Some of the functions and roles of a claims representative and claims adjuster in an insurance company are common like closing a claim or making calculations.

Some are exclusive to one like inspecting the accident site and making report of how much claim has to be paid, these are exclusive to a claims adjuster working in insurance company

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Answer:

the  first year depreciation using MACRS depreciation is $28,580

Explanation:

The computation of the first year depreciation using MACRS depreciation is given below:

Here the depreciation rate is 14.29% for the first year

And, the cost of the wood chipper is $204,000

So, the first year depreciation expense is

= $204,000 × 14.29%

= $28,580

Hence the  first year depreciation using MACRS depreciation is $28,580

The role played by the money in each case is as follows:-

Money is a good that is widely acknowledged as a means of economic exchange. It serves as the medium for expressing values and pricing. It is the primary indicator of wealth since it moves from person to person and country to country, allowing trade.

In the above scenario, Bob wanted to purchase a car on loan and has to make a purchase decision among the two cars that are Fevvy and Cord.

The role played by the money in each case is mentioned as follows:-

Bob issues a $4000 check which states that money act as the medium of exchange as it is used to purchase a car.

Bob can easily ascertain that the Cord is more expensive than the Fevvy which states that money is used to compare the values of two cars, the unit of account.

Bob currently has $4,000 in savings, which shows the saving habits that will help in future needs.

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Your question is incomplete, probably the complete question was...

Identify what role money plays in each of the following parts of the story. (Medium of exchange, unit of account, or store of value)

A. Bob writes a check for $4,000.

B. Bob can easily determine that the price of the Cord is more than the price of the Fevvy.

C. Bob has saved $4,000 in his checking account.

Answer:

In this case, a trial court would probably enforce the contract because although the statute of Frauds requires contracts for longer than one year to be willing to be enforceable, since it is possible that Gray may die within the year coupled with the showing by Damon of none months payments, the contract is enforceable. As a result, the Statute of Frauds would be enforceable because the oral contract was possible to fulfill within the one-year .

Answer:

the fund balance is $1,727,056.25

Explanation:

The computation of the fund balance is shown below:

Given that

PMT = $125,000

NPER  = 10

RATE = 7%

PV = $0

The formula is shown below:

= -FV(RATE,NPER,PMT,PV,TYPE)

After applying the above formula, the fund balance is $1,727,056.25

Here basically the future value formula should be applied

Explanation:

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In mainstream economics, economic surplus, also known as total welfare or Marshallian surplus, refers to two related quantities: Consumer surplus, or consumers' surplus, is the monetary gain obtained .

Answer:

Consumer surplus is defined as the difference between the consumers' willingness to pay for commodity and the actual price paid by them , or the equilibrium price .

There could be several reasons why there is a lack of awareness and general knowledge about taxes among teens. One reason could be that taxes are not typically taught in schools, especially at the high school level. Another reason could be that teens may not have had any experience with earning income or paying taxes yet, so they may not see the relevance of learning about taxes. Additionally, taxes can be a complex and confusing topic, which can make it difficult for anyone, including teens, to understand. Finally, some teens may simply not be interested in learning about taxes until they are required to file their own tax returns.

One reason why there might be a lack of awareness and general knowledge about taxes among teens is that tax education is not typically taught in schools. Many schools do not offer personal finance or economics courses, and even when they do, the focus is often on basic concepts like budgeting and saving rather than complex topics like tax laws and regulations.

Another reason could be that teens may not have started earning enough income to be required to file taxes. As a result, they may not see taxes as relevant to their lives, and may not take the initiative to learn about the subject.

Additionally, the tax code can be complex and difficult to understand, even for adults. This complexity can make it challenging for teenagers to learn about taxes on their own, especially if they do not have access to resources like tax professionals or online educational materials.

Answer:

The false statement is:

when a CBOE  call option on IBM is exercised, IBM issues more stock.

Explanation:

CBOE = Chicago Board Options Exchange. CBOE pioneered the options trading in 1973.   It has remained the largest U.S. options market operator.  It supports options trading on thousands of publicly listed stocks and exchange-traded products.  Exercising a call option on the exchange platform does not affect the outstanding IBM stock and will never force IBM Corporation to issue more stock.

I The quadratic function that fits to the data is: y = 20x² - 40x + 160

ii The shopkeeper is expected to earn Rs. 720 in the fourth week.

i We are given that the shopkeeper earns Rs. 280, Rs. 560 and Rs. 760 respectively in the 1st, 2nd and 3rd week of a month. So, we have the following three equations:

280 = a(1)² + b(1) + c

560 = a(2)² + b(2) + c

760 = a(3)² + b(3) + c

Solving these equations, we get the following values for a, b and c:

a = 20

b = -40

c = 160

Therefore, the quadratic function that fits to the data is: y = 20x² - 40x + 160

(ii) Using the model, find the earning for the fourth week

The fourth week is represented by x=4. So, the earning for the fourth week is given by:

y = 20(4)² - 40(4) + 160 = Rs. 720

Therefore, the shopkeeper is expected to earn Rs. 720 in the fourth week.

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Answer:

economic studies is about economic growth, strong labor market, sound fiscal and monetary policy.

Anyone who gets customer information without having a good basis to do so faces a $10,000 fine or up to one year in jail as punishment.

The required details for fine in given paragraph

An amount of money that a court of law or other authority determines must be paid as punishment for a crime or other transgression is known as a fine or mulct (the latter term is commonly used in civil law). Although it can vary depending on the circumstances, fines are frequently disclosed in advance. A cautionary sign in Singapore that informs drivers of the cost associated with unfreezing their vehicles after private security has immobilized them in a private space using wheel clamps. Irregular parking is punished with a fee by a parking attendant. The phrase is most frequently used to refer to monetary fines or settlements for claims or as financial penalties for crimes, particularly small ones.

Paying a fine for breaking traffic laws is a typical example of a fine. For low-level criminal offenses, English common law currently uses relatively minor fines instead of or in addition to community service requirements.

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Answer:

Pika Division

Betsy Union

The return on investment will reduce from 21.9% to 18.4%.

Explanation:

a) Data and Calculations:

Current controllable margin = $46,000

Current operating assets = $210,000

Current return on investment = $46,000/$210,000 * 100 = 21.9%

Increase in sales as a result of the new equipment = $10,000

Increase in depreciation = $10,000

Operating assets after the purchase of the new equipment = $250,000 ($210,000 + $40,000)

Future controllable margin = $46,000 ($46,000 + $10,000 - $10,000)

Future return on investment = $46,000/$250,000 * 100

= 18.4%

Answer:

Marketing is important because it helps you sell your products or services, by advertising your business you are showing more people about it

Explanation:

If the Superior Company accepts the special order, monthly profits will increase by $2,500.

To determine the impact on monthly profits, we need to calculate the contribution margin per unit on the special order.

Contribution margin per unit = Selling price per unit - Variable costs per unit

= $15 - ($2.50 + $3.00 + $0.50 + $1.50)

= $7.50

The contribution margin ratio is 50% ($7.50 / $15).

The fixed costs are $4.25 + $2.00 = $6.25 per unit.

If the company accepts the special order, it will produce and sell an additional 2,000 units.

Total contribution margin from the special order:

= 2,000 units x $7.50 per unit

= $15,000

Since the order would not affect regular sales, the company's total fixed costs will remain the same. Therefore, the increase in monthly profits would be:

Increase in monthly profits = Total contribution margin from the special order - Incremental fixed costs

= $15,000 - ($6.25 x 2,000)

= $2,500.

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Explanation:

Mill that is being operated by the combine infrastructure having something like turbine fitted so as to run the attach crusher or something else, where trubine is rotated by water's kinetic energy is consider to be WATER MILL.

The force required to run this mill is being supplied by the kinetic energy of water.

To ensure a positive leadership legacy, Tony Hsieh can focus on mentorship, succession planning, and fostering a strong company culture at Zappos.

Character, decisions, behavior, consistency, confidence, and compassion are the six pillars of your leadership legacy that may decide how you establish, create, grow, and are remembered. From inside, take the initiative.

Leaving a leadership legacy does not imply leaving something for future generations. It's leaving an impression on folks.

Legacy is determined not just by your accomplishments and vision, but also by how you conduct yourself as a leader and the decisions you make on a daily basis. "If you decide to do the right thing when no one is looking, you build a track record, and people trust you," Bates explained.

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If Dale teaches Terrence's daughter to play the guitar in exchange for Terrence tiling Dale's kitchen floor Option B.  both Dale and Terrence are made better off by trade.

In this scenario, Dale is a guitar teacher and Terrence is a tile layer. Dale teaches Terrence's daughter how to play the guitar in return for Terrence tiling Dale's kitchen floor. It is a classic example of trade and bartering. Dale, the guitar teacher, would have had to pay for tile installation if he hadn't bartered with Terrence, the tile layer. Terrence, on the other hand, would have had to pay for guitar lessons if he hadn't traded with Dale.

Both Dale and Terrence, therefore, benefit from the trade, and they are both better off as a result. Because Dale receives tile installation in exchange for teaching guitar lessons, and Terrence receives guitar lessons in exchange for tile installation, both benefit.

In conclusion, the answer is (b) both Dale and Terrence are made better off by trade. When both parties are better off after a trade, it is known as a mutually beneficial trade. Trade, in general, promotes mutual gains by allowing people to concentrate on what they do best and exchange their output with others for goods and services that they desire. Therefore, the correct option is B.

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Answer and Explanation:

The Preparation of cost of goods manufactured is shown below:-

Statement of Cost of Good Manufactured

Particulars                                             Amount

Direct Material    

Beginning Inventory a         $40,000  

Purchases b                          $290,000  

Direct material available     $330,000

(c = a + b)  

Ending direct material

inventory d                             $10,000  

Direct Material used                           $320,000  

(e = c - d)

Direct Labor                                        $398,000  

                           ($683,000 - $285,000 - $320,000)

Factory Overhead                              $285,000  

Total Manufacturing Cost                   $683,000  

Add: Beginning WIP Inventory           $42,000  

                         ($690,000 + $35,000 - $683,000)

Less: Ending WIP Inventory                $35,000  

Cost of goods manufactured             $690,000

b and c The Preparation of schedule of cost of goods sold and income statement for the year is prepared below:-

Schedule of cost of goods sold

Income statement for the year

Particulars                                             Amount

Sales                                                     $915,000

                                           ($270,000 + $645,000)

Cost of goods sold    

Beginning inventory of

finished product                      $50,000  

Cost of goods manufactured $690,000  

Cost of goods available

for sales                                    $740,000  

Less:Ending finished good

inventory                                  $80,000

                       ($740,000 - $660,000)

Cost of goods sold

(Unadjusted)                             $660,000  

Over-applied Overhead           $15,000  

                         ($285,000 - $270,000)

Cost of goods sold (Adjusted)                   $645,000

                                      ($660,000 - $15,000)

Gross profit                                                   $270,000

                                 ($30,000 + $100,000 + $140,000)

Less: Selling & Administrative Expenses    

Selling Expenses                   $140,000  

Administrative expenses       $100,000    $240,000  

Operating income                                      $30,000

a. The schedule of cost of goods manufactured is $690,000

b. The schedule of cost of goods sold is $645,000

c. The income statement for the year is $30,000

a. Superior Company Schedule of cost of goods manufactured

For year ended December 31

Direct materials:  

Beginning inventory of raw materials $40,000

Raw material purchases $290,000

Raw materials available for use $330,000

($40,000+$290,000)

Less Ending inventory of raw materials ($10,000)

Direct materials used  $320,000

($330,000-$10,000)

Direct labor  $78,000

Manufacturing overhead applied  $285,000

Total manufacturing costs  $683,000

($320,000+$78,000+$285,000)

Add beginning WIP  $42,000

Total cost of work in process  $725,000

($683,000-$42,000)

Less Ending WIP  ($35,000)

Cost of goods manufactured  $690,000

($725,000-$35,000)

b. Superior Company Schedule of cost of goods sold For year ended December 31

Beginning finished goods inventory $50,000

Add Cost of goods manufactured $690,000

Cost of goods available for sale $740,000

($50,000+$740,000)

Less Ending finished goods inventory ($80,000)

Unadjusted Cost of goods sold $660,000

($740,000-$80,000)

Less Over applied overhead ($15,000)

Adjusted cost of goods sold $645,000

($660,000-$15,000)

c. Superior Company Income Statement

For year ended December 31

Sales revenue $915,000

Less Cost of goods sold $645,000

Gross profit $270,000

($915,000-$645,000)

Less Selling Expenses ($140,000)

Less Administrative Expenses ($100,000)

Operating Income $30,000

($270,000-$140,000-$100,000)

Inconclusion The schedule of cost of goods manufactured is $690,000; The schedule of cost of goods sold is $645,000 and The income statement for the year is $30,000.

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For a firm operating in a competitive industry, 'total revenue is constant'.

What exactly is Revenue?

Revenue is the money a business earns from the sale of goods or services. It is the total amount of income generated by the sale of products or services related to the company's primary operations. It is a key measure of a company's performance and is usually reported on a quarterly or annual basis.

In a competitive industry, firms are competing with each other for customers and their prices are driven down. This results in less money being received for each unit of goods or services that is sold, meaning that the total revenue for the firm will remain the same, regardless of how many units are sold. This is because the price of each unit is driven down by competition, offsetting any increase in units sold.

Hence, option C is correct.

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Answer:

Get a job, spend less money and only get things you need. Or you can file for government assistance.

Explanation:

Answer:

convenient, durable, easy

Mrs. Wyatt may or may not have been justified in her perception of the situation. It is possible that she felt that she was being ignored or treated unfairly, and that the bank employee was not taking her seriously.

Here are some factors that may have influenced Mrs. Wyatt's perception of the situation:

It is important to note that everyone experiences situations differently. What may seem like a minor inconvenience to one person could be a major source of frustration or anger for another. It is also important to remember that bank employees are human beings, and they are not perfect.

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Various business needs exist for ICT applications. valuable but with longer return on investment horizons (more than a 12-month period) This level is very sought-after.

If you sell an asset more than a year after buying it, you must pay long-term capital gains taxes, which can be paid at a rate of 0%, 15%, or 20%, depending on your filing status or taxable income. The long-term capital gains tax rate, however, is typically lower than the ordinary income tax rate for most persons.

Compounding has the potential to be one of the benefits of long-term investing. Here's how it functions: When your investments generate income, those earnings are reinvested and have the potential to increase further. The chance for compounding and growth increases with the length of time your money is invested.

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Defenition - Team work is to work toghether in a team, and acomplish a goal with s teammate/teammates.

Example - Hey Makayla, you and Aiden did great teamwork for the project !!

Answer:

math =  24

English = 16

Philosophy  = 8

Explanation:

Given that the college needs to make 8 less English courses available compared to math In each quarter

Let English  = x ,   math = x + 8    ( in each quarter )

philosophy demand by student in each quarter = 1/2*x = x/2

limit of all three courses in a classroom = 48

i.e.  x + (x+ 8 ) + x/2 = 48

    = 2x + x/2 = 48 - 8

    = 2x + x/2 = 40 ∴  5x / 2 = 40

hence : x = 80 / 5 = 16

The number of sections of each course that the college should make available in each quarter to meet demand

math = x + 8 = 16 + 8 = 24

English = x  = 16

Philosophy = x/2 = 16 / 2 = 8

Answer:

Math =  24

English = 16

Philosophy  = 8

Answer:

"Same as Cash for 12 Months" is a type of financing option offered by big box stores that allows customers to purchase goods and pay them off over a 12 month period without incurring any interest. The implied interest rate in this case is 0%. However, there is usually a "catch" with this type of financing option. The catch is that if the customer does not pay off the balance in full within the 12 month period, they will be charged retroactive interest on the entire balance at a high rate, usually above 20% annually. So it is important for the customer to pay off the balance on time or else they will end up paying much more than the original purchase price. Additionally, some stores may also require a down payment or have other terms and conditions that may not be favorable. It is recommended for customers to read the fine print and understand the terms and conditions before availing this offer.