In the current year, Riflebird Company had operating income of $220,000, operating expenses of $175,000, and a long-term capital loss of $10,000. How do Riflebird Company and Roger, the sole owner of Riflebird, report this information on their respective Federal income tax returns for the current year under the following assumptions
Note: If an amount is zero, enter "0".a. Riflebird Company is a proprietorship (Roger did not make any withdrawals from the business). Roger reports $ ________ net operating profit and $_______ long-term capital loss on his tax return.b. Riflebird Company is a C corporation (no dividends were paid during the year). Roger reports $__________ net operating profit and $________ long-term capital loss on his tax return.
Answers
Answer:
a. Riflebird Company is a proprietorship (Roger did not make any withdrawals from the business). Roger reports $45,000 net operating profit and $10,000 long-term capital loss on his tax return.
The IRS classifies sole proprietorships are pass through entities which are not taxed directly, instead their owners (proprietors) are taxed.
b. Riflebird Company is a C corporation (no dividends were paid during the year). Roger reports $35,000 net operating profit and $0 long-term capital loss on his tax return.
If Riflebird is classified as a corporation, then there is no such thing as capital gains or losses for corporations, all income and losses are considered operating income or losses.
Related Questions
Santeria Trading Inc. has manipulated its accounts to inflate its expenditure so it is subject to fewer taxes than it would have to pay
otherwise. Which element of the internal accounting control does Santeria fail to comply with?
OA
policies
OB
monitoring
Oc.
accounting system
OD.
risk assessment
ОЕ.
environmental control
Answers
Answer:
environmental control
Explanation:
Control environment refers to the company's attitude towards internal control. In this case, the company is manipulating its accounts on purpose, meaning that the whole attitude is to not follow internal control procedures. Sometimes companies forge financial records for different reasons and several employees and management collude in order to do it. An example is Enron, where even the auditing firm knew about the irregularities in Enron but decided to help them hide them.
What does Nana need her family to help with to make her restaurant better?
1. Fixing up the restaurant
2.Cooking for the restaurant
3.Paying for the restaurant
4. Serving at the restaurant
Answers
If a person opens a restaurant, it would be best to hire competent staff and also make sure that the aims and objectives of the business are met.
What is a Restaurant?This refers to the outlet where food, drinks, and other edibles are sold and distributed to the general public.
For a person opening a restaurant he would need all the help he can get and family members can also help out.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
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Answer:
Fixing up the restaurant
Explanation:
hope this helps!
As the Consumer Price Index increases, the value of money a. falls, so people hold less money to buy the goods and services they want. b. falls, so people hold more money to buy the goods and services they want. c. rises, so people hold more money to buy the goods and services they want. d. rises, so people hold less money to buy the goods and services they want.
Answers
Answer:
D. falls, so people hold more money to buy the goods and services they want.
Explanation:
In the case when the consumer price index rises, so the value of the money declines as the people would hold more money in order to purchase the goods and services what actually they want
Also it shows an inverse relationship between the consumer price index and the value of money i.e. if one thing is increased the other thing would decrease and vice versa
Therefore the option d is correct
he total revenue of a purely competitive firm from 8 units of output is $48. Based on tis information, total revenue for 9 units of output must be: A. $52 B. $54 C. $58 D. $60
Answers
To determine the total revenue for 9 units of output, we can use the concept of marginal revenue, which is the additional revenue earned by producing one more unit of output.
In a purely competitive market, the marginal revenue is equal to the price of the product, which remains constant regardless of the level of output. Therefore, if the total revenue from 8 units of output is $48, we can calculate the price of the product as follows:
Total revenue = Price x Quantity
$48 = Price x 8
Price = $6
Now, we can use this price to calculate the total revenue from 9 units of output:
Total revenue from 9 units of output = Price x Quantity
Total revenue from 9 units of output = $6 x 9
Total revenue from 9 units of output = $54
Therefore, the answer is B. $54.
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The information of manufacturing cost of product A and products B in
THANH company in 200N as follows:
Production cost per unit (S)
Product A
Materials 200
Wages 100
Fixed overhead 350
Variable overhead 150
Profit 200
Selling price 1000
Output per week 200
Product B
Materials 150
Wages 200
Fixed overhead 100
Variable overhead 200
Profit 350
Selling price 1000
Output per week 100
Required:
Comments on the relative profitability of product A and products B in THANH company in 200N
Answers
Manufacturing cost of both product A and product B have a profit margin of $0 per unit.
To assess the relative profitability of product A and product B in the THANH company in 200N, we need to compare their profit margins. Profit margin is calculated by subtracting the production cost per unit from the selling price per unit.
Let's calculate the profit margins for both products:
Product A:
Selling price per unit: $1000
Production cost per unit: $200 (Materials) + $100 (Wages) + $350 (Fixed overhead) + $150 (Variable overhead) + $200 (Profit) = $1000
Profit margin per unit = Selling price per unit - Production cost per unit = $1000 - $1000 = $0
Product B:
Selling price per unit: $1000
Production cost per unit: $150 (Materials) + $200 (Wages) + $100 (Fixed overhead) + $200 (Variable overhead) + $350 (Profit) = $1000
Profit margin per unit = Selling price per unit - Production cost per unit = $1000 - $1000 = $0
From the calculations, both product A and product B have a profit margin of $0 per unit.
Based solely on the profit margins, it appears that neither product A nor product B is profitable for the THANH company in 200N. However, it's important to note that this analysis only considers the production cost per unit and does not take into account other factors such as demand, market conditions, or overall company profitability.
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6 Special accounting problem?
Answers
state one way a business uses marketing
Answers
Explanation:
creating product or service concept and promoting it
14. Government budget deficit and the market for loanable funds
I have completed the following problem on government budget deficit and the market for loanable funds...is this correct?
Answers
1) Note that the immediate effect of large government budget deficits on the bond market is typically an increase in bond yields as investors demand higher returns (increase in price) to compensate for the increased supply of bonds.
2) With regard to the market for loanable funds, there is typically an increase in interest rates when there are large government budget deficits.
What is the rationale for the responses above?1) Note that the reason why investors will increase the margin expected on their investments is that they know there is a huge demand from the government for their capital. The capital here is the amount being raised by the government when they sell bonds.
2) The scenario in II occurs as the government competes with private borrowers for a limited supply of loanable funds, driving up the cost of borrowing. Note that the increased government borrowing can also lead to inflationary pressures, further pushing up interest rates.
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What is potentially problematic about using religious symbols in
advertisements?
Answers
Answer:
They might offend the intended audience.
Explanation:
If you have a certain religion and one company advertises one of those religions that is not yours customers may take offense to it and you will have less customers therefore less profit.
Potentially problematic, using religious symbols in advertisements is likely to be reckoned offensive.
What is an advertisement?The term advertisements refer to promoting brands or any products digitally or through a campaign by which the advertisement can be there in it by an advertisement the sales of the product can be there, and more revenue can be generated from it. By the advertising. The more about the product sales be there in it.
Using religious symbols in advertising make problematic can be there, and using religious things in advertising can hurt people's internal sentimental as well the person is more like to be religious as compared to the advertisements in it. Using religious things make the advertisement more potentially and more.
Therefore, it is always a problem to use advertisements in religious symbols.
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Which type of biomass energy can be produced from garbage heaps?
A.
ethanol
B.
biodiesel
C.
methane
D.
gasoline
Answers
According to the research, the correct answer is Option C. The type of biomass energy that can be produced from garbage heaps is Methane.
What is Methane?It is a molecule found in the earth's atmosphere, being the main component of natural gas and used mainly to produce light and heat.
In this sense, organic waste creates methane by decomposing in garbage heaps and can be introduced into the atmosphere by natural processes, retaining the heat generated by solar radiation and raising the temperature of the atmosphere.
Therefore, we can conclude that according to the research, methane under normal conditions of temperature and pressure appears as a gas and is produced by the decomposition of organic matter.
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At December 31, 2019, Obermeyer Imports reported the following information on its balance sheet.
Accounts receivable $250,000
Less: Allowance for doubtful accounts 15,000
During 2019, the company had the following transactions related to receivables.
1. Sales on account $2,600,000
2. Sales returns and allowances 45,000
3. Collections of accounts receivable 2,250,000
4. Write-offs of accounts receivable deemed uncollectible 10,000
5. Recovery of bad debts previously written off as uncollectible 3,000
Instructions
(a) Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable.
(b) Enter the January 1, 2019, balances in Accounts Receivable and Allowance for Doubtful Accounts. Post the entries to the two accounts (use T-accounts), and determine the balances.
(c) Prepare the journal entry to record bad debt expense for 2019, assuming that an aging of accounts receivable indicates that estimated bad debts are $22,000.
Answers
Answer:
Obermeyer Imports
a) Journal Entries to record each transaction:
1. Debit Accounts Receivable $2,600,000
Credit Sales Revenue $2,600,000
To record the sale of goods on account.
2. Debit Sales Returns $45,000
Credit Accounts Receivable $45,000
To record the return of goods on account.
3. Debit Cash Account $2,250,000
Credit Accounts Receivable $2,250,000
To record collections from customers.
4. Debit Uncollectible Expenses $10,000
Credit Accounts Receivable $10,000
To record the write-off of accounts deemed uncollectible.
5. Debit Cash Account $3,000
Credit Uncollectible Expenses $3,000
To record the recovery of bad debts previously written off.
b) T-accounts:
Accounts Receivable
Accounts Titles Debit Credit
Beginning balances $250,000
Sales Revenue 2,600,000
Sales Returns 45,000
Cash Account 2,250,000
Uncollectible Expenses 10,000
Ending Balances 545,000
Total $2,850,000 $2,850,000
Allowance for doubtful accounts
Accounts Titles Debit Credit
Beginning balances $15,000
Uncollectible expense 7,000
Ending balances $22,000
c) Journal Entry
Debit Uncollectible Expense $7,000
Credit Allowance for doubtful accounts $7,000
To record the allowance for uncollectibles.
Explanation:
a) Data and Calculations:
Accounts receivable $250,000
Less: Allowance for doubtful accounts 15,000
b) The allowance for Doubtful Accounts will increase by $7,000 to $22,000. As a result, the Uncollectible Expense will be debited with $7,000 while the Allowance for doubtful accounts will be credited with $7,000. This brings the total of Allowance for Doubtful Accounts to $22,000 in accordance with the new estimate based on the aging of accounts receivable.
The journal entries to record each of the transactions will be:
Debit Accounts Receivable $2,600,000
Credit Sales Revenue $2,600,000
(To record the sale of goods on account)
Debit Sales Returns $45,000
Credit Accounts Receivable $45,000
(To record the return of goods on account).
Debit Cash Account $2,250,000
Credit Accounts Receivable $2,250,000
(To record collections from customers)
Debit Uncollectible Expenses $10,000
Credit Accounts Receivable $10,000
(To record the write-off of accounts deemed uncollectible).
Debit Cash Account $3,000
Credit Uncollectible Expenses $3,000
(To record the recovery of bad debts previously written off)
The balances in accounts receivable and allowance for doubtful accounts will be calculated thus:
Debit Beginning balance $250000.
Debit sales revenue $2,600,000.
Credit Sales return $45000
Credit Cash account $2250000
Credit Uncollectible expenses $10000
Credit ending balances $545000
Lastly, the journal entry to record bad debt expense for 2019 will be:
Debit Uncollectible expense $7000.
Credit Allowance for doubtful accounts $7000.
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On January 1, 2021, the Allegheny Corporation purchased equipment for $295,000. The estimated service life of the equipment is 10 years and the estimated residual value is $20,000. The equipment is expected to produce 280,000 units during its life.
Required:
Calculate depreciation for 2021 and 2022 using each of the following methods.
a. Sum-of-the-years'-digits.
b. One hundred fifty percent declining balance.
Answers
Answer:
a.
2021 = $50,000
2022 = $45,000
b.
2021 = $275,000
2022 = $0
Explanation:
a. Sum-of-the-years'-digits.
Sum of digits for the 10 years will be :
Year 1 = 10
Year 2 = 9
Year 3 = 8
Year 4 = 7
Year 5 = 6
Year 6 = 5
Year 7 = 4
Year 8 = 3
Year 9 = 2
Year 10 = 1
Sum of Digits = 55
therefore,
2021 depreciation = 10/55 x ($295,000 - $20,000)
= $50,000
2022 depreciation = 9/55 x ($295,000 - $20,000)
= $45,000
b. One hundred fifty percent declining balance.
2021 depreciation = 150% x ($295,000 - $20,000)
= $412,500
Can not be charged above book value of $275,000
2022 depreciation = 150% x ($295,000 - $20,000- $412,500)
= $0
10 principles of economics
Answers
The 10 principles of economics were given by Gregory Mankiw.
These principles are:
People face tradeoffs: it means that to get one thing, one has to give up on another thing.The cost of Something is What You Give Up to Get It: it refers to the opportunity cost you incur on doing something else. Rational people think at the margin: considering the marginal cost of the product.People Respond to Incentives Trade Can Make Everyone Better Off: trading helps a country in being self-sufficient and enjoying more goods and services. Markets Are Usually a Good Way to Organize Economic Activity. Governments Can Sometimes Improve Economic Outcomes: Government can intervene to allocate resources efficiently.The Standard of Living Depends on a Country's Production: the standard of living increases as the consumption of goods and services, increases.Prices Rise When the Government Prints Too Much Money: when there's a lot of money flowing the market, it will increase the demand for goods which will increase the cost of goods, ultimately leading to inflation.Society Faces a Short-Run Tradeoff Between Inflation and Unemployment.Learn more about "Principles of economics":
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Activities would you perform as an entrepreneur?
Answers
Answer:
no. because why it make since to person as an entrepreneur
James has earned his doctorate in kinesiology and gone on several job interviews. He has been offered positions at different universities. James is planning to move out of state next year, so his primary factor for consideration is that he not be tied down to a long-term commitment. Which option would work the best for him?
a tenure-track position as an assistant professor at a liberal-arts college
a position as an adjunct professor at a technical college
The director of a community athletic center
a postdoctoral fellow at a university
Answers
A machine that cost $740,000has an estimated residual value of $20,000 and an estimated useful life of eight years. The company uses straight-line depreciation. Calculate its book value at the end of year 7.
Answers
Answer:
The depreciable cost of the machine is:
$740,000 - $20,000 = $720,000
Since the company uses straight-line depreciation, the annual depreciation expense is:
$720,000 ÷ 8 years = $90,000 per year
So, after 7 years, the accumulated depreciation would be:
$90,000 × 7 = $630,000
At the end of year 7 would be:
$740,000 - $630,000 = $110,000
Therefore, the machine's book value at the end of year 7 is $110,000.
(Principles of management is the class I am taking )
What is a management control system? give a example
Answers
A management control system gathers information used to evaluate the performance of:
HumanPhysicalFinancialOther organizational resources.What is a management control system?A management control system is a management technique that evaluates the achievement of performance goals in terms of:
ProductivityProfitabilityEfficiency.Thus, a management control system gathers information used to evaluate the performance of human, physical, financial, and other organizational resources.
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Bella Sandino is thinking about selling her car. Her friend, Christine, is offering her $350 a month for 3 years. Another friend, James, is offering her a down payment of $10,000 with monthly payments of $100 for 2 years. Which offer is the highest? Assume money is worth 4.5% compounded monthly.
Answers
The offer that is the highest to Bella Sandino, given the interest rate would be
How to find the higher offer ?To find the offer that is higher, you need to find the present value of the amounts being offered.
The present value of Christine's offer is:
= 350 x Present value interest factor, 4. 5 % / 12, 3 years
= 350 x 33.616920657694
= $ 11, 766
The present value of James' offer is:
= 10, 000 + 100 x Present value interest factor, 4. 5 % / 12, 2 years
= 10, 000 + 100 x 22.910656100288
= $ 12, 291
The offer from James is higher.
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[Para. 4-a-2] Encumbrances were recorded in the following amounts for purchase orders issued against the appropriations indicated:
General Government $ 193,220
Public Safety 442,900
Public Works 216,632
Health and Welfare 162,045
Culture and Recreation 143,580
Total $1,158,377
Required: Record the encumbrances in the General Fund general journal and Detail Journal as appropriate. In the Detail Journal, select “Purchase Orders” from the drop down [Description] menu.
Answers
The information given is recorded in a General Fund General Journal as indicated in the attached image. See the definitions of Journals and related information below.
What is a General Journal?A journal entry is an act of maintaining or producing records of any economic or non-economic transaction. An accounting journal, which shows a company's debit and credit balances, records transactions. The journal entry can be made up of many records, each of which is either a debit or a credit.
Because a general journal is where commercial transactions and occurrences are first recorded, it is also known as a "book of first entry."
Records are entered in the general journal in chronological order and are accessible in one location, allowing management and accountants to readily assess the data.
The differences between journals and general journals are:
The purchases journal records credit transactions while the general journal records cash purchases. Purchases Journals record only certain types of transactions, while the general journal records all remaining transactions.
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![[Para. 4-a-2] Encumbrances were recorded in the following amounts for purchase orders issued against](https://i5t5.c14.e2-1.dev/h-images-qa/answers/attachments/ZAiTnfSK0XS0cF9z47OAvUzojYTFwOTU.jpeg)
Explain why it is important for an organization to formulate a product marketing strategy that includes cash flow and income projections. Discuss potential issues that a business can encounter if the marketing team has not adequately researched and constructed marketing strategies. Provide an example to illustrate your ideas. In replies to peers, discuss whether you agree or disagree with the ideas presented.
Answers
Answer:
It is very important for a business to formulate marketing strategy before a product is launched so that consumers can get the knowledge about the product features. The cashflow projection are very important for a business. The successful businesses formulate cashflow statements and income projection to identify whether the product launch is beneficial for a company or not.
Explanation:
If a business launches a product without proper marketing strategy then it is very likely that the product may fail. The research before the product launch is important for successful launch of a product. For example if a soap manufacturing company decides to launch a shampoo then the research is important which specifications are required by the customers in the shampoo. The marketing team should conduct interviews with the consumers in the super market to identify which shampoo variant they prefer to use. This research will help the business to form the shampoo that is most demanded and profits may rise.
100pts if you help me ..and brainleast
please correct me if im wrong
Answers
Stanley receives his degree from OCC. Stanley leaves his job at Trump Organization, paying him $100,000 a year. Stanley uses his life saving of $250,000 that he had deposited at Wells Fargo at an annual rate of 5% to start his own clean-energy company. Stanley’s first year revenue and expenses are as follow, Rent $23,000 Salary 57,000 Utility 22,000 Others 13,000 _________ Total 115,000 _________ Revenue for the year $180,000 11. Stanley’s explicit costs for the year is Group of answer choices $215,000 $112,500 $180,000 $216,250 $115,000
Answers
Stanley’s explicit costs for the year is $115,000.
Using this formula
Explicit costs=Rent+ Salary+ Utility+ Others
Where:
Rent=$23,000
Salary=$57,000
Utility=$22,000
Others=$13,000
Let plug in the formula
Explicit costs= $23,000+$57,000+$22,000+$13,000
Explicit costs=$115,000
Inconclusion Stanley’s explicit costs for the year is $115,000.
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why unemployment seen as crisis?
Answers
I hope it helps
What are The two segments of the organization's environment
Answers
Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.
Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.
‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s company. They are fast and have a great reputation for products and services. The price is good and they are willing to customize the stationary, with no additional cost to us. Anyway, Nicholas was always too busy to meet. I emailed him the contract and my teams thoughts on how we should proceed hoping he would read it.’ My team consists of the Accounts/Finance Manager, Inventory Manger, Legal, Research & Development, Public Relations Manager and I, and we meet at different times and days, whether collectively or selectively.
‘Anyway we, Nicholas and I, met with the supplier this morning. We are going through the contract, the next thing I know Nicholas says, ‘This won’t work for us. The cost is too high. Where did these calculations come from?’ ‘If the floor had opened up and swallowed me I could have not been more embarrassed. I mean I spent three weeks, working on it with the team Accounting, PR and Legal! Joseph shaking his head continued, ‘he just took over the conversation. I mean we got the contract signed but in the end all that happened was that the figures were rearranged we still end up paying the same.’ ‘I am tired of this foolishness. He stays locked in his office on his cell every day. Only God knows what he does in there.’
1. Do you believe that Nicholas is an unethical manager? Justify your response by choosing one of the ethical decision making concepts outlined in unit 2 to argue/support your writing.
2. From the chosen ethical decision making concept selected by you in question 1, show its relationship to any one of the variables in an analytical tool, outlined in unit 1, read.
Answers
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior. It appears that Nicholas did not take the time to review the contract or the team’s thoughts, but still took over the conversation with the supplier and changed the figures. This behavior could be seen as a violation of the ethical principle of fairness, which involves treating others in a reasonable, equitable, and impartial way. Nicholas’ actions suggest that he did not give due consideration to the team’s input or their efforts to finalize the contract, which could affect their working relationship and trust in him as their manager.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business. Fairness is based on the idea of treating all stakeholders equitably and impartially, taking into account their needs, interests, and perspectives. In this case study, Nicholas’ actions appear to violate the principle of fairness by disregarding the efforts of Joseph and his team to finalize the contract, and making unilateral changes without adequate review or discussion.
To analyze this situation using an analytical tool, we can use the Stakeholder Mapping tool, which helps to identify and categorize stakeholders based on their level of interest and power. In this tool, stakeholders are divided into four categories: High power/high interest, High power/low interest, Low power/high interest, and Low power/low interest. In this case, Joseph and his team are the stakeholders with high power and high interest in the situation, as they are responsible for finalizing the contract.
Using the Stakeholder Mapping tool, we can see that Nicholas’ actions have the potential to undermine the trust and collaboration of high power/high-interest stakeholders, who are critical to the success of the project. Specifically, his actions may cause frustration, resentment, and loss of confidence in his management ability. This could result in a breakdown of communication and cooperation, which would ultimately affect the team’s performance and the overall success of the project. Therefore, it is important for Nicholas to consider the perspectives and input of all stakeholders, including those with high power and high interest, when making decisions that affect them. By doing so, he can ensure that his decisions are ethical, fair, and aligned with the needs of all stakeholders.
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I have $10,967.74 in a brokerage account, and plan to deposit an additional $6,000.00 at the end of every future year until my account totals $270,000 and I expect to earn 13% annually on the account. How many years will it take
Answers
Note that with respect to the deposite, it will take approximately 8.19 years for the account to reach $270,000.
How is this so?To determine how many years it will take for the account to reach $270,000,we can use the future value of an annuity formula.
The formula is -
FV = P x [(1 + r)ⁿ⁻¹] / r
Where -
FV = Future value ($270,000)
P = Annual deposit ($6,000)
r = Interest rate per period (13% or 0.13)
n = Number of periods (number of years)
We need to solve for n, so we can rearrange the formula as -
n = log((FV x r / P) + 1) / log(1 + r)
Plugging in the values -
n = log((270000 x 0.13 / 6000) + 1) / log(1 + 0.13)
Using a calculator, we find that n is approximately 8.19.
thus, it is corect to state that, it will take approximately 8.19 years for the account to reach $270,000.
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Carder & Company purchased equipment for $ 24,000 with a useful life of eight years and no expected salvage value. Prepare the adjusting entry for the first year using the straight-line depreciation method and compute the book value at the end of the second year of the equipment's life
Answers
Debit Depreciation expense - equipment $3,000
Credit Accumulated depreciation - equipment $3,000
Second year book value = 24,000 - 3,000
= $ 21,000
The straight-line depreciation method computes the book value at the end of the second year of the equipment's life
What is the value?Values are the benchmarks or ideals by which we judge the acts, traits, possessions, or circumstances of others. Values that are embraced by many include those of beauty, honesty, justice, peace, and charity.
Depreciation: 24,000 - 0 / 8 = 3,000
Debit $3,000 for equipment depreciation costs.
Credit $3,000 Equipment Accumulated Depreciation
24,000 - 3,000 divided by the second-year book value
= $ 21,000
Therefore, value at the end of the second year of the equipment's life
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When countries sell off state-owned enterprises and privatize them, it usually results in a(n) Multiple Choice increase in modernization by new investors. decline in productivity throughout the private sector. lack of accommodation of outside investors. continuing drain on future natural resources. instant change in political leadership.
Answers
Answer:
increase in modernization by new investors.
Explanation:
When countries sell off state-owned enterprises and privatize them, it usually results in an increase in modernization by new investors. This is because, new but private investors will want to earn quickly their Investment back, and in so doing, will pump adequate capital into the business, so as to attract customers and enhance iamge of the company.
Note also that:
1. Decline in productivity throughout the private sector can not be caused by sales of geovenrment assets to private investors.
2. Acquisition of government ownend assets can not leads to lack of accommodation of outside investors.
3. Sales of government assets can not continuing to drain on future natural resources. As this will even lead to money being spent somewhere else or wisely saved for future and cogent use.
4. Change in political leadership can not be caused by sales of government assets to probate imvestor(s).
Volatile price changes, technological changes, and government intervention are what type of risks?
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Volatile price changes, technological changes, and government intervention are external risks that can impact a company's operations and performance.
What are Volatile price changesVolatile price changes refer to fluctuations in input or product prices, which can affect profitability and cost structure. Technological changes can introduce advancements or disrupt an industry, requiring companies to adapt to avoid becoming obsolete.
Government intervention, through regulatory changes or policies, can create uncertainties and challenges for companies, affecting operations, costs, and market access.
To mitigate these risks, companies should implement risk management strategies such as diversification, contingency planning, staying informed about market trends, investing in R&D, and engaging with government stakeholders.
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metion form of ownership represented by the SABC OF SOUTH AFRICA
Answers
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