When a business has a capital asset, such as a building, it's essential to keep track of the asset's purchase price and the asset's useful life. The process of allocating the cost of a capital asset over the useful life of the asset is known as depreciation, and it allows a business to expense the cost of the asset over time.
The straight-line depreciation method is the most widely used method for depreciating an asset. It's calculated by dividing the cost of the asset by its useful life.
The straight-line depreciation expense formula is:
Depreciation Expense = (Asset Cost - Salvage Value) / Useful Life of the Asset.
To solve this problem, we must first calculate the annual depreciation expense.
Annual Depreciation Expense = (Asset Cost - Salvage Value) / Useful Life of the Asset
In this case, the building's cost is $500,000 and the useful life is 25 years. The salvage value is not given in the problem. Assuming a salvage value of zero, we get:
Annual Depreciation Expense = ($500,000 - 0) / 25
Annual Depreciation Expense = $20,000
For the year 2020, the journal entry for depreciation expense would be:
Depreciation Expense: $20,000
Accumulated Depreciation: $20,000
Depreciation expense is an expense account, which means it reduces the company's net income. Accumulated depreciation is a contra-asset account that offsets the value of the asset on the balance sheet. The accumulated depreciation account increases over time as the asset depreciates.
The net value of the asset is the original cost minus the accumulated depreciation. If we assume that the building's salvage value is zero, the building's net value at the end of 2020 would be:
Net Value of Building = Original Cost - Accumulated Depreciation
Net Value of Building = $500,000 - $40,000
Net Value of Building = $460,000
Therefore, the journal entry for the year 2020 would be: Depreciation Expense: $20,000, and Accumulated Depreciation: $20,000. The net value of the building at the end of the year would be $460,000.
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A certain brand of crackers costs $2. 89 for 12. 4 ounces. What is the unit rate? Enter your answer, rounded to the nearest cent, in the box.
Answer:
23 cents
Explanation:
divide
Europe wanted luxury products and exchanged the finished products for silver from what country?
Europe wanted luxury products and exchanged the finished products for silver from Bolivia and Mexico.
What is Trading?
Trading is the act of buying and selling financial items including stocks, bonds, currencies, and commodities, as opposed to investing, which suggests a buy-and-hold strategy. The ability of a trader to achieve long-term profitability is crucial to success in trading.
Henry has food but needs wool, in contrast to Liam who has wool but needs food. To please both of them, Liam and Henry will trade food for wool in order for Liam to get food and Henry to get wool. The pinnacle of trading is this.
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Which of the following careers is most likely to require business skills?
Answer:
1, Communication skill,Leadership skill,Analytical skill
Following FashionSia's shift in competitive strategy, what are some considerations for the company's human resource management practices? 2. As a Human Resource practitioner, propose a holistic approach towards designing the compensation and benefits program at FashionSia.
FashionSia's shift in competitive strategy, some considerations for the company's human resource management practices include aligning employee skills and competencies with the new strategy, providing training and development programs to enhance employee capabilities.
How can a holistic approach be proposed for designing the compensation and benefits program at FashionSia?As a Human Resource practitioner, a holistic approach towards designing the compensation and benefits program at FashionSia would involve considering various factors.
This includes conducting a thorough analysis of the company's internal and external market conditions, benchmarking industry standards for compensation and benefits, ensuring internal equity and fairness, promoting a total rewards philosophy that encompasses financial and non-financial incentives, offering competitive salary structures, flexible benefits packages, performance-based rewards, and employee recognition programs.
Additionally, the approach should emphasize transparent communication, employee engagement, and regular evaluation of the program's effectiveness to ensure it aligns with the company's strategic objectives and attracts, motivates, and retains top talent.
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Select the correct answer.
Some merchandisers design window displays.
A. True
B. False
Answer:
your answer would be (A) True
Explanation:
A customer has contacted you and expressed anger about the service provided by your company. During the call, you discover that another technician responded to the customer's original issue. In spite of the customer's tone, you remain calm. What should you do next?
Answer:
listen to the entire complaint
Explanation:
In the scenario being described, you should listen to the entire complaint. This will make the customer feel as though you are paying attention and listening/understanding her frustration and by doing so you might also acquire new information regarding the issue that was not previously shared to the other technician. Once the client has finished venting her anger and explaining the situation, only then should you begin to offer a solution.
Briefly explain two ethical values that are necessary for all accountants.
Objectivity and independence are important ethical values in the accounting profession. ... Accounting services include general accounting, auditing, tax and management advisory services. Accountants who perform more than one of these services for a client may compromise their objectivity and independence.
What has changed in the recent past that now makes working from home a viable solution for business and workers?
Answer:
Technology, and williness to work at home. Many laptops have become viable options to complete your work. An increase in better internet and wi-fi also helps with keeping people on task. Many people as well have found it better to work from home, and studies show that productivity have risen
Explanation:
Which nims structure develops recommends and executes?.
Answer:
Joint Information System (JIS) is a NIMS structure develops, recommends, and executes public information plans and strategies.
HELP ME PLEASE:
Identify and describe the company or business jeff Bezos operated, managed, and taken a financial risk. What are the main products/services offered? How did he get started? What challenges did jeff Bezos encounter on the way and how did he manage those obstacles?
Jeff Bezos has invested in many companies. But the one with he is most associated is Amazondotcom.
The main services of Amason are:
Jeff Bezos started out with online book sales from his rented home in Bellevue, Washington. Then the business expanded. He became the dominant player in online book sales on the internet.
One of the major challenges he faced is Antitrust Issues. Earlier on, however, he was being required by some companies to do at least 10 units of their books to qualify under their retail dealership.
Unfortunately, Amazondotcom was not yet doing that. They solved this problem by exploring a loophole in the system that required them to order 10 books not buy them. So they continued to order books that they didn't have or that were not on sale.
Who is Jeff Bezos?Jeffrey Preston Bezos is a businessman, media owner, investor, computer engineer, and commercial astronaut from the United States. He is Amazon's founder, executive chairman, and former president and CEO.
The majority of Jeff Bezos' wealth stems from his Amazon stock. According to Forbes, he still holds 11% of Amazon's stock and has sold an estimated $27 billion in stock since 1997. He is well-known for his philanthropic contributions to areas such as cancer research and climate warming.
From 1998 until 2021, Bezos' basic salary of $81,840 remained constant. He will also receive an extra $1.6 million in various forms of remuneration. As a result, Bezos' annual salary is around $1,681,840.
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Why is the fed often referred to as a "lender of last resort," or the last lender to turn to in a crisis?.
Answer:
It offers banks financial protection to keep consumers from panicking.
Explanation:
A lender of last resort is the organization in a business system that serves as the provider of liquidity to a business company which finds itself incapable to achieve enough liquidity in the interbank lending market and other facilities or sources have been consumed.
Can you give me brainliest please?
Answer:
It offers banks financial protection to keep consumers from panicking.
Explanation:
A polar bond is a covalent bond in which there is an electronegativity difference between the two bonded atoms and electrons are shared unequally. The atom with the higher electronegativity will have a partial _____ charge and is marked with the symbol _____ while the atom with the lower electronegativity will have a partial _____ charge and is marked with the symbol _____.
The atom with the higher electronegativity will have a partial negative charge and is marked with the symbol δ− while the atom with the lower electronegativity will have a partial positive charge and is marked with the symbol δ+ .
The electrons in pure covalent bonds are distributed equally. One atom pulls on the electrons with a stronger force than the other in polar covalent bonds, resulting in an unequal distribution of electrons.
A bond is deemed to be non-polar covalent if the difference in electronegativity between the two bound atoms is less than 0.5. The electrons of each atom are drawn to it in roughly equal numbers, which causes them to spend the same amount of time around each atom.
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A small open economy with a fixed exchange rate e2 is initially at equilibrium A with IS1 * , LM1* and equilibrium output Y1.. If there is an increase in government spending to IS2 * the new equilibrium will be at ____, holding everything else constant.
The new equilibrium will be at a higher level of output, represented as Y2, holding everything else constant. In a small open economy with a fixed exchange rate, changes in government spending can impact the equilibrium output and other macroeconomic variables.
Initially, the economy is at equilibrium A with IS1* and LM1*, resulting in output Y1. However, when there is an increase in government spending to IS2*, the new equilibrium will be at a higher level of output. The increase in government spending stimulates aggregate demand in the economy, shifting the IS curve to the right from IS1* to IS2*. This leads to higher equilibrium output as the increased government expenditure boosts overall demand and economic activity.
Holding everything else constant means that other factors, such as the exchange rate and monetary policy, remain unchanged. The fixed exchange rate implies that the exchange rate is held constant, limiting the ability of the exchange rate to adjust to changes in the economy. Therefore, the increase in government spending primarily affects output without impacting the exchange rate.
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if you pay $1,494.93 for a tv that was on sale for 10% off with 6.75% sales tax, what was the original price of the tv? (sales tax is calculated after the discount is taken.)
If you pay $1,494.93 for a tv that was on sale for 10% off with 6.75% sales tax, the original price of the TV was $1,549.00.
To solve the problem, we need to work backwards from the final price and undo the effects of the sales tax and discount to find the original price of the TV.
First, we need to find the price of the TV before the sales tax was applied. To do this, we can divide the final price by 1 plus the sales tax rate:
Final price before sales tax = Final price / (1 + sales tax rate)
Final price before sales tax = $1,494.93 / (1 + 0.0675)
Final price before sales tax = $1,394.00
This is the price of the TV before the sales tax was applied. Now, we need to undo the 10% discount to find the original price:
Original price = Price before discount / (1 - discount rate)
Original price = $1,394.00 / (1 - 0.10)
Original price = $1,549.00
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push is that employees will be more efficient and have higher production output if they are trained to work in a specific way, and they receive feedback about how well they are doing their work.
Push is that employees will be more efficient and have higher production output if they are trained to work in a specific way, and they receive feedback about how well they are doing their work.
How important motivation is?Any workplace considers employee motivation to be essential because it results in better departmental and even corporate performance. In contrast to the other employees who are disengaged and have low motivation, only 13% of employees remain engaged and motivated at work.
Employee motivation is a key element in increasing worker productivity because motivated employees are more likely to perform their jobs to the best of their abilities with minimal effort, time, and resource waste.
Such motivation fills the gap between the ability to work and the desire to work by utilizing resources to their fullest and best potential.
An employee is motivated, more effective, and productive at work when they are willing to put in the effort.
Thus, push is all that an employee needs to perform well.
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Question: is that employees will be more efficient and have higher production output if they are trained to work in a specific way, and they receive feedback about how well they are doing their work.
Baxley brothers has a dso of 50 days, and its annual sales are $9,125,000. what is its accounts receivable balance? assume that it uses a 365-day year. round your answer to the nearest dollar.
The Accounts Receivable Balance, given the annual sales and the DSO would be $1,250,000.
How to find the Accounts Receivable Balance?Days Sales Outstanding (DSO) is a measure of the average number of days that a company takes to collect revenue after a sale has been made.
In this case, you are asked to find the accounts receivable balance given the DSO and annual sales. This can be done by rearranging the DSO formula to solve for accounts receivables:
Accounts Receivables = DSO * (Annual Sales / Number of days in the year)
Given that DSO is 50 days, annual sales are $9,125,000, and we're assuming a 365-day year, the accounts receivables balance can be calculated as follows:
Accounts Receivables = 50 * ($9,125,000 / 365)
Accounts Receivables = 50 * $25,000
Accounts Receivables = $1,250,000
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your company requires that all the data on your ebs-backed ec2 volumes be encrypted. how would you go about doing this?
Even if you don't use the encrypted=true request parameter, encryption by default enables you to guarantee that all newly generated EBS volumes in your account are encrypted at all times.
What holds true regarding the functionality of encryption with EBS?
What holds true regarding the functionality of encryption with EBS? When you take a snapshot of an encrypted volume, you generate an encrypted snapshot; when you restore an encrypted snapshot, you create an encrypted volume.
What steps should you take to safeguard the data on EBS volumes?
3 Important Things to Keep in Mind to Protect Data in Your Most Important EBS...
EBS Volume Encryption is the first.
Access Management, often known as how to prevent deletion of your EBS volumes, is item number two.
3 - How to Backup and Recover EBS Data Correctly
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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 minimized
Policy and contract claims are shown on the balance as an: accrued liability net of the recoverable portion. asset. asset net of the recoverable portion accrued liability plus the recoverable portion.
Policy and contract claims are typically shown on the balance sheet as an accrued liability net of the recoverable portion.
This means that the company recognizes a liability for the estimated amount of claims that it expects to pay out to policyholders or beneficiaries. However, this liability is reduced by the portion of the claim that the company expects to recover from other parties, such as through subrogation or reinsurance.
The reason for showing the claims as an accrued liability is that the company has an obligation to fulfill these claims in the future. It represents the amount that the company expects to pay out as a result of insurance policies or contractual agreements. By subtracting the recoverable portion, the balance sheet reflects the net liability that the company anticipates to ultimately settle.
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One of the keys for any company competing in the global market place is to understand the diverse cultures of the individuals involved. Explain this assertion in the context of Hofstede's1991 five dimensions of cultural differences that formed the basis for work-related attitudes.
Understanding diverse cultures in the global marketplace is crucial for companies to adapt to cultural differences and work-related attitudes.
Hofstede's five dimensions include Power Distance (PDI), Individualism vs. Collectivism (IDV), Masculinity vs. Femininity (MAS), Uncertainty Avoidance (UAI), and Long-Term Orientation vs. Short-Term Orientation (LTO). By analyzing these dimensions, companies can gain insights into cultural preferences and behaviors that influence work-related attitudes.
For example, a high Power Distance Index (PDI) indicates a society with a significant power gap between superiors and subordinates, where hierarchical structures are respected. Understanding this dimension helps companies establish appropriate leadership styles and communication practices.
By employing Hofstede's five dimensions of cultural differences, companies can tailor their strategies to accommodate diverse work-related attitudes and behaviors. Adapting to cultural nuances fosters effective communication, collaboration, and employee satisfaction, ultimately leading to success in the global marketplace.
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What is the purpose of assessment planning?.
Your assessment project will be guided by a framework provided by an assessment plan, ensuring that everyone is aware of their individual responsibilities and the overall timeline.
What is the primary objective of the examination?
The primary goal of assessment is to assist in determining which students have learning gaps and which remedial steps should be taken to close those gaps so that students can continue or improve their education.
What does a student get out of an assessment?
Students' motivation, learning, and grading should all be incorporated into assessment. Methods of assessment that have been thoughtfully designed provide useful data about how students learn. They let us know what understudies realized, how well they learned it, and where they battled.
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If a company is in new york city, and a qualified applicant lives across the country in california, what would be the most cost effective interview format to use? a. distance interview b. performance interview c. group interview d. behavioral interview please select the best answer from the choices provided a b c d
Answer:
Answer: Distance Interview
Explanation:
As the company is situated in New York city and the candidate for the interview lives in California the company can choose distance interview. Distance interviews can be telephone interviews or video interviews or screen sharing to know about the candidate's knowledge.
This is a cost saving method and quick method rather than inviting the candidate to New York office for which the company has to pay for the travelling expenses. So this would be the most effective way for the applicant as well as the company.
Explanation:
Tommy Richards is paid $20.50 an hour for a regular 40-hour week. He earns time and a half if he works overtime. This week Richards worked his regular 40 hours plus 9 hours of overtime. What is his total pay
Answer:
$1,094.50
Explanation:
Regular pay is $20.50
Over time pay is $20.50 x 1.5 = $30.75
Tommy earned as follows.
Regular hours : 40 x $20.50 = $820
Overtime hours: 9 x $30.75 =$274.50
Total amount earned
= $820 + $274.50
=$1,094.50
A seller's agent has an affirmative duty to voluntarily disclose information to a potential buyer regarding a prior occupant:a) whose death, from any cause, occurred on the real estate more than three years prior to the purchase offer.b) who was afflicted with the HIV virus or AIDS.c) Both a and b.d) Neither a nor b.
Option (b), The seller's agent has a duty to disclose information about a prior occupant who was afflicted with the HIV virus or AIDS, but there is no such duty if the prior occupant's death occurred on the real estate more than three years prior to the purchase offer.
A seller's agent has an affirmative duty to voluntarily disclose information to a potential buyer regarding a prior occupant who was afflicted with the HIV virus or AIDS. However, there is no such duty to disclose if the prior occupant's death, from any cause, occurred on the real estate more than three years prior to the purchase offer.
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To improve the quality of the wave soldering process at the hewlett-packard india, ltd., plant through design of experiments (doe), _____ factors at _____ levels were selected?
To improve the quality of the wave soldering process at the Hewlett-Packard India, Ltd., plant through design of experiments (DOE), a specific number of factors at certain levels were selected.
Design of Experiments (DOE) is a systematic approach used to optimize processes by identifying the key factors that affect the outcome and determining the optimal levels of those factors. In the case of the wave soldering process at the Hewlett-Packard India, Ltd., plant, a DOE was conducted to enhance the quality of the process.
The specific number of factors and levels selected for the DOE will depend on the specific objectives of the study and the variables involved in the wave soldering process. These factors could include variables such as temperature, conveyor speed, flux type, solder wave height, preheating time, and board thickness, among others.
The selection of factors and levels is crucial as it allows for the identification of the most influential factors and their optimal settings to achieve the desired outcome, which in this case is to improve the quality of the wave soldering process. By systematically varying and analyzing these factors at different levels, the DOE helps in understanding their impact on the process and identifying the best combination of settings to achieve the desired quality improvements.
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why is it important to know about financial institutions?
Answer:
Financial institutions help to funnel money to the most successful businesses, which allows them to grow faster and supply even more of the desirable goods and services. This is how financial institutions greatly contribute to the efficient allocation of economic resources.
Explanation:
Answer:
In their desire to earn greater returns, financial institutions help to funnel money to the most successful businesses, which allows them to grow faster and supply even more of the desirable goods and services. This is how financial institutions greatly contribute to the efficient allocation of economic resources.
Explanation:
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88 million people live on less than $1. 00 a day. These people are said to be living in _____________.
88 million people live on less than $1. 00 a day. These people are said to be living in absolute poverty.
Poverty is about no longer having enough money to fulfill primary wishes which include meals, garb and safe haven. but, poverty is extra, an awful lot more than just now not having enough cash. the arena bank corporation describes poverty in this manner: “Poverty is hunger. Poverty is loss of safe haven.
We will outline poverty as the circumstance in which the fundamental needs of a own family, like meals, refuge, clothing, and schooling are not fulfilled. it is able to lead to different troubles like poor literacy, unemployment, malnutrition, and so on. A terrible individual is not capable of get education due to lack of cash and consequently stays unemployed.
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The founders of the U.S. wanted to avoid establishing a permanent aristocracy or group of wealthy families who could control a great deal of the nation’s wealth. How is this idea related to estate and gift taxes?
Answer:
There are two points that I would like to single out that are very similar. First by implementing tax and gift taxes, Founding Father wanted to weaken families and business of that time, since there was a threat that rich families could become permanent aristocracy which over time could lead to the point where that families will rule the US. Second, by implementing those two taxes, government is taking a share from receivers since the receivers are getting some good that they did not earn it, they have just received it as a gift or as an estate. This way inheritance or gift would be of a much lesser value then it was before someone’s death or before someone made a gift. This was important because wealth of powerful families would just accumulate and grow so government of that time, strictly out of political reasons, prescribed those two taxes, so that the wealth will be smaller of value after tax.
The idea of avoiding an aristocracy by the founders of USA is related to estate and gift taxes because:
There was a need to reduce the influence of the wealthyAccording to the given question, we are asked to show the link which the founders of America had to preventing aristocracy and imposing estate and gift taxes.
As a result of this, we need to remember than an aristocracy is a government based on the wealthy and influential members of the society and this was one of the things which the Founding Fathers of America sought to prevent.
With this in mind, we can see that they imposed gift and estate taxes which was specifically targeted at the extremely wealthy so that their influence would be reduced and the country would not become an aristocracy.
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Alex decided to spend an hour drying her hair rather than studying. her opportunity cost is?
The opportunity cost for Alex is the value of the next best alternative that she gave up by choosing to spend an hour drying her hair instead of studying.
The opportunity cost can be viewed as the benefits or value that Alex could have gained from studying during that hour. For example, she could have used that time to review her notes, complete assignments, or prepare for an upcoming test. By choosing to dry her hair instead, she missed out on these potential academic benefits.
It's important to note that opportunity cost is subjective and can vary depending on individual circumstances and preferences. In this case, the opportunity cost for Alex is related to her personal goals and priorities. If she values her academic performance and believes that studying would have brought her more benefits in the long run, then the opportunity cost of drying her hair would be higher.
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Which of these is a reason why a company may want to recruit internally? A Better chance of fresh ideas o B. Broader experience within the industry c. Familiarity with the company mission D. Saving money on salaries
Answer:
C. Familiarity with the company mission.
Explanation:
As a corporate director, I tend to seek talent within our organization for this very reason. Long term team members whom plan on growing with our organization are, at times, best suited for roles above their current level due to their loyalty and familiarity with the company mission. Promoting within gives great culture to a company and adds to overall moral.