On January 1, 2021, Gundy Enterprises purchases an office building for $305,000, paying $55,000 down and borrowing the remaining $250,000, signing a 9%, 10-year mortgage. Installment payments of $3,166.89 are due at the end of each month, with the first payment due on January 31, 2021.
Required:
a. Record the purchase of the building on January 1, 2021.
b. Complete the first three rows of an amortization schedule.
c. Record the first monthly mortgage payment on January 31, 2021.
d. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan?
Answers
Answer:
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Related Questions
Wave Fashions uses standard costs for its manufacturing division. The allocation base for overhead costs is direct labor hours. From the following data, calculate the total fixed overhead variance.
Actual fixed overhead $ 36,000
Budgeted fixed overhead $ 27,000
Allocated fixed overhead $ 28,000
Standard overhead allocation rate $ 7.00
Standard direct labor hours per unit 2 DLHr
Actual output 2,000 units
a. $ 14,000 F
b. $ 10, 600 F
c. $ 14,000 U
d. $ 10, 600 U
Answers
Answer:
$9,000 U
Explanation:
Fixed Overhead Total Variance is the difference between actual and absorbed fixed production overheads during a period.
Fixed overhead variance = Actual Overhead - Budgeted Overhead
Fixed overhead variance = $36,000 - $ 27,000
Fixed overhead variance = $9,000 U
Unbanked Partner #1
1. I've had terrible customer service at the banks I've been into, so I don't like them and I
don't trust them. I'm certainly not leaving my money with them,
Answers
Being unbanked has become an increasingly common situation for many individuals in recent years. An unbanked person is someone who has no financial account with any institution. Individuals may choose to be unbanked for a variety of reasons, including a lack of trust in banks due to poor customer service or a negative experience.
A person may have experienced a bad encounter with a bank employee and choose to leave the bank and seek other banking options. They may also be unable to maintain a minimum balance in their bank account, and banks may impose fees for accounts that fall below a certain amount. It can be inconvenient to have to travel to a bank to withdraw money, especially if the nearest bank is far away. Additionally, the time spent waiting in line at a bank can be tedious, and it can be difficult to fit into a busy schedule.
There are alternatives to traditional banks that may be more convenient and better suit the needs of unbanked individuals. Credit unions, for example, offer similar services as banks but are often smaller and more focused on serving the community. Mobile banking apps have also become increasingly popular, offering services such as depositing checks and transferring money.
The use of prepaid debit cards is another option that allows for the convenience of a card without the need for a traditional bank account. The unbanked may also benefit from budgeting tools and financial literacy resources, which can help them make informed financial decisions and take control of their finances. Overall, being unbanked does not mean that an individual cannot access financial services or manage their money effectively.
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a Identify one factor that could result in a higher break-even point
b Calculate the forecast average monthly profit figures for the two menu
options.
Answers
1. One factor that could result in a higher break-even point is a reduced contribution margin per unit (or ratio).
2. The forecast average monthly profit figures for the two menu options are as follows:
Current Proposed
Revenue $48,000 $33,600
Variable costs 12,000 9,600
Contribution margin $36,000 $24,000
Fixed costs 28,000 24,000
Net income $8,000 $0
What is the break-even point?The break-even point is the sales level that equates the total revenue to the total costs (fixed and variable).
When the break-even point is reached, there are no profits or losses.
To generate some profits, the sales level must exceed the break-even point.
Current Menu Option:Revenue per week (600 at $20) = $12,000
Total monthly revenue = $48,000 ($12,000 x 4 weeks)
Average variable cost per meal at $5 = $3,000
Total monthly variable cost = $12,000 ($3,000 x 4 weeks)
Overhead cost per week = $7,000
Total monthly overhead cost = $28,000 ($7,000 x 4 weeks)
Proposed Menu Option:Revenue per week (600 at $14) = $8,400
Total monthly revenue = $33,600 ($8,400 x 4 weeks)
Average variable cost per meal at $4 = $2,400
Total monthly variable cost = $9,600 ($2,400 x 4 weeks)
Overhead cost per week = $6,000
Total monthly overhead cost = $24,000 ($6,000 x 4 weeks)
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The following information is available regarding John Smith's capital account in Technology Consulting Group, a general partnership, for a recent year: Beginning of the year balance $ 32,000 His share of partnership income $ 11,000 Withdrawals made during the year $ 7,000 What is Smith's partner return on equity during the year in question
Answers
Answer:
32.35%
Explanation:
Calculation for What is Smith's partner return on equity during the year in question
First step is to calculate the Ending partner equity
Ending partner equity = $32,000 + $11,000 - $7,000
Ending partner equity = $36,000
Now let calculate the partner return on equity
Partner return on equity= $11,000 / (($32,000 + $36,000)/2)
Partner return on equity= $11,000/($68,000/2)
Partner return on equity= $11,000/$34,000
Partner return on equity= 32.35%
Therefore Smith's partner return on equity during the year in question will be 32.35%
Question 8 of 10
Why is it important to name an executor in a will?
OA. To ensure that someone you trust administers your estate
OB. To ensure that beneficiaries get whatever they want from the
estate
C. To ensure that the court doesn't declare the will null and void
OD. To ensure that beneficiaries do not receive any assets
SUBMIT
Answers
It is important to name an executor B. To provide that beneficiaries acquire whatever they want from the estate.
Who is an executor?An executor exists as someone who stands responsible for executing or following an assigned task or duty. The feminine form, executrix, may sometimes be utilized.
An executor typically presents the will for probate, brings the action to rescue the assets of the estate, creates distributions of effects to beneficiaries, and produces the debts and taxes of the estate.
An executor handles your estate when it's in probate (aka the procedure of being distributed and carried out). Particularly, they begin and observe through the probate approach. They also manage your assets, pay your obligations, and allocate property to your heirs as summarized in your will
Hence, It is important to name an executor B. To provide that beneficiaries acquire whatever they want from the estate.
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Essential to name an executor in a will B. To ensure that beneficiaries get whatever they want from the estate
The person bargaining with the estate of the person who has died is called an agent or an administrator. An executor is someone who is named in the will as accountable for dealing with the estate. An administrator may have to apply for a special legal authority before they can deal with the inheritance.
What Is an Executor?An executor of an inheritance is an individual appointed to administer the testament of a departed person. The executor's main duty is to carry out the education to manage the affairs and wishes of the departed.
What rights does an executor have?The court gives the executor the freedom to act on the decedent's behalf. The administrator is responsible for managing the estate's assets. The administrator can liquidate assets to pay the bills of the estate or use the accounts in the estate to pay these bills.
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How can organisations handle debtors?
Answers
Organizations handle debtors by using various legal and ethical practices such as maintaining accurate records and setting payment terms etc.
Establishing precise payment terms, keeping accurate records, sending timely reminders, providing payment plans and working with debt collection agencies are all ways that businesses can manage their debtors. Organizations can assist in preventing past due payments by establishing clear payment terms and ensuring that debtors understand these terms.
Maintaining accurate records and sending reminders on a regular basis can also assist debtors in keeping up with their payments. Offering payment plans to customers who are having trouble making their payments can be helpful and working with a debt collection agency can help businesses collect past due debts more effectively.
When managing debtors it is crucial for businesses to adhere to legal and moral standards and to treat debtors with professionalism.
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What is the impact of 7.4 cpi on consumers
Answers
The findings of a country's CPI report are typically reported as a percentage change from the previous issue. A positive result indicates a rise in the inflation rate as a consequence of higher consumer costs. If the contrary were to happen, prices would go down, benefiting consumers and reducing inflation.
This is further explained below.
What are consumers?Generally, A person or group is considered to be a consumer if they have the intent to order, do order, or use goods, products, or services that they have purchased primarily for personal, social, family, household, and similar needs, which are not directly related to activities related to either entrepreneurship or business.
In conclusion, When a nation releases a new Consumer Price Index report, the findings are presented in the form of a percentage change in comparison to the most recent issue. In the event that the result is positive, it indicates that there has been a rise in the overall level of consumer prices and that the rate of inflation is climbing. In the alternative scenario, prices paid by consumers would fall, and the rate of inflation would fall along with them.
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Sunland Corporation sells three different models of a mosquito “zapper.” Model A12 sells for $47 and has unit variable costs of $32.90. Model B22 sells for $94 and has unit variable costs of $65.80. Model C124 sells for $376 and has unit variable costs of $282. The sales mix (as a percentage of total units) of the three models is A12, 60%; B22, 15%; and C124, 25%.
If the company has fixed costs of $267,806, how many units of each model must the company sell in order to break even? (Round Per unit values to 2 decimal palces, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275.)
Answers
Answer:
A12 = 7,400 units * 60% = 4,440 units
B22 = 7,400 units * 15% = 1,110 units
C124 = 7,400 units * 25% = 1,850 units
7,400 units
Explanation:
Calculation of breakeven point :-
Total breakeven point :-
Total fixed costs / weighted average unit contribution margin
= $267,806 / $36.19
= 7,400 units
Model breakeven point :-
total breakeven point* sales mix
A12 = 7,400 units * 60% = 4,440 units
B22 = 7,400 units * 15% = 1,110 units
C124 = 7,400 units * 25% = 1,850 units
The weighted average contribution margin for Sunland Corporation's mosquito zapper models is 46.3%, calculated by taking the sales mix of each model into account. This figure indicates the proportion of each dollar of sales that contributes to covering fixed costs and generating profit.
The weighted average contribution margin is crucial for determining the company's profitability and making informed decisions about product mix and pricing strategies.
It reflects the overall efficiency of production and the ability to cover fixed expenses. By understanding the contribution margin for each model and their respective sales mix, Sunland Corporation can optimize its product offerings, focus on high-margin models, and allocate resources effectively to maximize profitability.
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definition of resource orchestration
Answers
Answer:
Resource orchestration refers to the processes of structuring a firm's resource portfolio, bundling resources into capabilities, and leveraging configuration of capabilities to generate various organizational outcomes.
What are stakeholder capitalism and shareholder capitalism?
Answers
quick please I need help
Answers
Answer:
Answer below
Explanation:
Income
Monthly income $60 ( the $15 per week * 4 the number of weeks in a month ).
Grandparents $30
Total income $90
Essential expenses ( fixed )
Bicycle tune up $20
Essential expenses ( variable )
New bike tire $5
Non-essential expenses
Game $50
Total expenses $75
Total savings $15
I REALLY HOPE THIS HELPED YOU
QUESTION ONE
ABC Ltd wishes to expand its business. On 31 Dec 2021, the company had
the following existing and proposed capital structures to support the
expansion programme.
1. The existing 8% debt capital has a book value of Ksh 50 000 000 and
matures in 10 years. The market value of debt at the close of business on
31 Dec 2021 was Ksh 40 000 000
2. A ten year loan of Ksh 300 000 000 is to be raised at an interest of 10
percent p.a. A cost of Ksh 20 000 000 will be incurred in raising this loan
3. A 12% preference stock capital stands in the books at Ksh 100 000 000
( 1 000 000 shares) and has a total market value of Ksh 150 000 000.
4. There are 40 000 000 ordinary shares with a current market price of Ksh
1500 each. The firm’s expected earnings per share (EPS) stand at Ksh
200, its growth rate is 6% and has a dividend payout of 60%.
5. The company plans to issue 10 000 000 ordinary shares at a market price
of Ksh 1 500 per share. The cost of floating the shares is estimated at Ksh
10 000 000.
Required:
i) Firm’s current weighted average cost of capital (10 marks)
ii) Firm’s expected weighted average cost of capital after the expansion
programme (i.e. marginal cost of capital) (5 marks)
QUESTION TWO
An investor intends to place Ksh 112,000,000 in the 91 days Treasury bill at a quoted rate/yield of 7.65%
p.a.
Required:
a) Compute the investor’s return, assuming that he is withholding tax-payer
b) Compute the investor’s return, assuming that he is non-withholding taxpayer (6 marks)
Answers
Answer:
rat
Explanation:
2 words that ryme on the same line is called?
Answers
Answer:A couplet usually consists of two successive lines that rhyme and have the same metre. A couplet may be formal (closed) or run-on (open). In a formal (or closed) couplet, each of the two lines is end-stopped, implying that there is a grammatical pause at the end of a line of verse.
Explanation:Hoped this helped u kind sir or ma'am and have an great day! And also may i plz have brainlist?
A motorcycle worth Rs.29500 was sold at a loss of 40% after an accident.Find the loss and selling price.
Answers
Answer:
the selling price and the loss is Rs 73,750 and Rs 29,500 respectively
Explanation:
The computation of the loss and selling price is shown below:
The selling price is
= Rs 29,500 × 1 ÷ 0.40
= Rs 73,750
And, the loss is
= Rs 73,750 × 40%
= Rs 29,500
Hence, the selling price and the loss is Rs 73,750 and Rs 29,500 respectively
Van lives in Houston and runs a business that sells pianos. In an average year, he receives $851,000 from selling pianos. Of this sales revenue, he must pay the manufacturer a wholesale cost of $476,000; he also pays wages and utility bills totaling $281,000. He owns his showroom; if he chooses to rent it out, he will receive $71,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Van does not operate this piano business, he can work as an accountant, receive an annual salary of $34,000 with no additional monetary costs, and rent out his showroom at the $71,000 per year rate. No other costs are incurred in running this piano business.
Identify each of Andrew's costs given below as either an implicit cost or an explicit cost of selling guitars.
a. The wholesale cost for the guitars that Andrew pays the manufacturer
b. The rental income Andrew could receive if he chose to rent out his showroom
c. The salary Andrew could earn if he worked as an accountant
d. The wages and utility bills that Andrew pays
Answers
Answer: a. Explicit Cost
b. Implicit cost
c Implicit cost
d. Explicit cost
Explanation:
Implicit cost is refers to the cost which has happened already but might not be shown as a separate expense. It is the opportunity cost which occurs when internal resources are used towards a project. Explicit costs, are the tangible assets and also the monetary transactions that can be found in real business opportunities.
Based on the explanation above, the answer to the following include:
a The wholesale cost for the guitars that Andrew pays the manufacturer = Explicit cost
b. The rental income Andrew could receive if he chose to rent out his showroom = Implicit cost
c. The salary Andrew could earn if he worked as an accountant = Implicit cost
d. The wages and utility bills that Andrew pays = Explicit cost
destion
Which of the following accurately describes the requirements banks must
meet under a fractional reserve banking system?
A. Banks must keep a specific percentage of deposits on hand.
B. Banks must get government approval for all loans.
C. Banks reserve the right to raise interest rates at any time.
D. Banks must pay a specific fraction of their assets in taxes.
Answers
The correct answer is A. Banks must keep a specific percentage of deposits on hand.
Option A accurately describes the requirements banks must meet under a fractional reserve banking system. In such a system, banks are required to maintain a fraction or percentage of their customers' deposits as reserves. The reserve requirement is typically set by the central bank or regulatory authorities. The purpose of this requirement is to ensure that banks have enough liquidity to meet the demands of depositors who may wish to withdraw their funds. By keeping a fraction of deposits as reserves, banks can lend out the remaining portion to borrowers and earn interest on those loans, effectively creating new money in the economy through the process of credit creation. Option A correctly reflects the requirement for banks to maintain a specific percentage of deposits on hand in a fractional reserve banking system.
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A job analysis report transforms the analysis into three components: an
analysis, a summary, and
?
Answers
Work activities, worker attributes, and work context are the three main categories of data used in job analysis.
What is Job analysis?Work analysis is the process of gathering all the essential details about a certain job, including the tasks involved, the knowledge and skills needed to accomplish the job, and the responsibilities and skills necessary for the job to be performed successfully.
One of the most crucial tasks carried out by a human resource manager is job analysis. By defining the relevance, definition, and technique of "job analysis" with an emphasis on the job description & job specification, which are seen as the process's output, this article will help readers understand the concept.
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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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Which of the following capital investment evaluation methods uses present values while evaluating different projects?
a. The annuity indexation method
b. The cash payback method
c. The internal rate of return method
d. The breakeven analysis method
Answers
The method of capital investment evaluation that should be applied for the present values at the time of different project evaluations is the internal rate of return.
The following information should be considered:
The evaluation method for the decision made for capital investment should be the cash payback & internal rate of return.These two methods should use the present values.Any other method doesn't use the present values.Therefore we can conclude that The method of capital investment evaluation that should be applied for the present values at the time of different project evaluations is the internal rate of return.
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Mazu Mavuso is a 43-year-old South African resident who was employed by Veg & Fruit Limited, a South African company, until 30 November 2022. On 30 November 2022, Veg & Fruit Limited ceased its operations and the pension fund that Veg & Fruit Limited established for its employees also closed down. The Veg & Fruit Limited pension fund paid out R80 000 to Mazu Mavuso during the 2023 year of assessment. All Mazu Mavuso's pension fund contributions have been deducted in the determination of his taxable Income. Mazu Mavuso also decided to join a retirement annuity fund, to which he made a total contribution of R7 000 during the 2023 year of assessment. For the 2023 year of assessment, Mazu Mavuzo's receipts and expenses were as follow: Salary Director's fees earned Local dividends from South African companies Local interest from a non 'tax free investment' Pension fund contributions at 6.5% of his salary Retirement annuity fund contributions Qualifying medical expenses paid Donation to a qualifying section 18A Public Benefit Organisation R 720 000 110 000 45 000 24 500 ? 7 000 61 630 6 000 Calculate Mazu Mavuso’s taxable income for the 2023 year of assessment. (25 marks) 1.2) Calculate Mazu Mavuso’s total normal tax liability for the 2023 year of assessment. Assume that Mazu Mavuso had a taxable income of: • R770 900 before any retirement fund lump sum withdrawal benefits. • R843 900 after any retirement fund lump sum withdrawal benefits. (17 marks) Competency Framework Reference: E1.2 Interpretation of tax legislation b) Demonstrate the ability to apply the principles of tax interpretation to any new or unfamiliar tax legislation. E1.3 Application of tax legislation to calculate tax obligation a) Analyse the taxpayer’s tax profile. c) Apply the relevant law to the facts, determine the tax position and compute the tax payable (VAT or normal tax) for individuals and companies.
Answers
Explanation:
to calculated this question to solve
What kinds of cognitive biases and behaviors can prevent people from making smart
nvesting decisions?
1 Staying calm when the market is experiencing a downturn.
2 Buying stocks when prices are low and selling them when they're high
3 Exiting the market because that's what everyone else is doing
4 Investing in a diversified portfolio instead of trying to time the market
Answers
Answer:
4
Explanation:
investing in a diversitified portfolio instead of trying to time the market
How does racial wealth gap affect families
Answers
Goat Milk Ghee as a Healthy Alternative
Answers
Answer:
Im pretty sure it is
Explanation:
beacuse there both made of some kind of milk
Human resources managers focus on which three of the following?
Maximizing the efficiency of logistic chains
Recruiting, hiring, training, retaining, compensating, appraising, promoting, reassigning, and firing employees
Scanning the environment to determine future HR needs
Managing employee grievances, absences, sick days, and paid-time-off days
Answers
Human resources managers focus on which three of the following are-
Recruiting, hiring, training, retaining, compensating, appraising, promoting, reassigning, and firing employees.Scanning the environment to determine future HR needs.Managing employee grievances, absences, sick days, and paid-time-off days.The department of a company tasked with discovering, selecting, hiring, and training job applicants is known as human resources (HR). HR is also in charge of managing employee benefits. A human resources department also manages employee terminations and compensation and benefits. Talent management, pay and benefits for employees, training and development, compliance, and workplace safety are the five key responsibilities of human resources.
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An organization that provides goods and services while seeking to operate at a profit is atn)
(Enter one word in the blank)
Answers
The organization where the goods & services should be operated for profit is known as the business.
The following information related to the business is:
It is an organization or the company where the entity should be engaged in commercial activities, industrial activities, etcIt is the efforts & activities of an individual or the company that generated the production and sale of the goods and services for the profit purpose.Therefore we can conclude that The organization where the goods & services should be operated for profit is known as the business.
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i) Calculate the market value of each component of capital structure. Use the value of (1.06)40 = 1.51225 wherever required. ii) Determine the cost of each component of capital structure. Calculation of the cost of equity shall be based upon the bond-yield risk premium approach. iii) Ascertain the company's weighted average cost of capital assuming no new equity
Answers
To calculate the market value of each component of the capital structure, we need the following information:
The number of shares outstanding (common stock)
The market price per share (common stock)
The par value per share (preferred stock)
The dividend rate (preferred stock)
The face value of the bond issue (debt)
The coupon rate (debt)
The number of years to maturity (debt)
Assuming the following values:
Number of shares outstanding = 500,000
Market price per share = $60
Par value per share = $100
Dividend rate = 8%
Face value of the bond issue = $10,000,000
Coupon rate = 10%
Number of years to maturity = 10
We can calculate the market value of each component as follows:
Common stock:
Market value of common stock = Number of shares outstanding x Market price per share
Market value of common stock = 500,000 x $60
Market value of common stock = $30,000,000
Preferred stock:
Market value of preferred stock = Number of shares outstanding x Par value per share
Market value of preferred stock = 500,000 x $100
Market value of preferred stock = $50,000,000
Debt:
Market value of debt = Face value of bond issue x (1 - 1 / (1 + r)^n) / r + Face value of bond issue / (1 + r)^n
where r = coupon rate, n = number of years to maturity
Market value of debt = $10,000,000 x (1 - 1 / (1 + 0.10)^10) / 0.10 + $10,000,000 / (1 + 0.10)^10
Market value
Rick owns and operates a small farm that produces vegetables and fruits. His friend Owen owns and operates a butcher shop that sells various kinds of
meat. Rick often gives Owen vegetables and fruits in exchange for meat, and vice versa. This scenario best describes
Answers
Because Rick often gives Owen vegetables and fruits in exchange for meat, and vice versa, this scenario best describes a trade by barter.
What is a trade by barter?A trade by barter refers to direct exchange of goods or services without an intervening medium of exchange or money either according to established rates of exchange or by bargaining.
A trade by barter is common among traditional societies, most particularly in those communities with some developed form of market. Product can be bartered within a group as well as between groups, although gift exchange probably accounts for most intragroup trade, particularly in small and relatively simple societies.
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Hours of labor or number of workers are common ways of measuring a company’s...
Answers
Answer:
productivity
Explanation:
The "productivity" of employees in a company is essential because it affects the company's profit. In order to measure or calculate the individual employee's productivity, you have to consider the hours of labor and the number of workers.
You have to divide the total output to the hours of labor in order to get the amount that your company is generating per hour of work.You have to divide the total output to the number of workers in order to get the the amount that every employee produced for your company per week.Barry Cuda currently has $35,000 in his Roth IRA which has been earning 7%. Barry is planning on depositing $5500 annually for the next 40 years into this IRA. Assuming Barry's IRA continues earning 7% annually, what will Barry's IRA be worth at the end of 40 years?
Answers
Answer:
Total worth of worth of investment= $1,622,099.14
Explanation:
The total amount available in his account would be determined as follows:
The value of the existing current amount in 40 years time
FV = PV × (1+r)^ n
FV- future value
PV- current amount in account
r- interest rate
n- number of years
FV = 35,000 × (1.07)^(40=
FV= 524,106.02
The value of the new annual deposit of 5,500 in 40 years time
This represents an annuity. An annuity is series of constant but equal amount occurring for a certain number of years .
FV= A×( (1+r) -1)/r
FV - future value
R - interests rate
n- number of years
A- annual deposit
FV = 5,500 × ((1+0.07)^40 -1)/0.07
FV= 1,097,993.12
Total worth of worth of investment
= 524,106.02 + 1,097,993.12 = 1,622,099.14
Total worth of worth of investment= $1,622,099.14
Denise has found an online article that she wants to incorporate in her upcoming presentation; however, she is not sure if it is a credible source. How can she use the CABLE method to evaluate the quality of this source? What does the acronym stand for? What questions does she need to ask to decide if the information is valid?
Answers
Answer:
Denise can use the CABLE method to evaluate the credibility of the online article she found. CABLE stands for Currency, Authority, Bias, Level, and Evidence. By asking questions related to each of these factors, she can determine if the information is valid and reliable. Here are some questions Denise can ask:
Currency:
When was the article published?
Is the information still relevant?
Has new information been released since the article was published?
Authority:
Who is the author of the article?
What are the author's credentials?
Is the author affiliated with a reputable organization?
Bias:
Is the article biased in any way?
Does the author have a conflict of interest?
Is the information presented objectively?
Level:
Is the article intended for a general or specialized audience?
Is the language and terminology used appropriate for the intended audience?
Is the article comprehensive and thorough?
Evidence:
What sources are cited in the article?
Are the sources reputable and reliable?
Is the information supported by evidence and data?
By answering these questions, Denise can evaluate the credibility of the online article and determine if it is suitable for use in her presentation.
Sources:
The CABLE Method. (n.d.). University of Louisville. Retrieved from https://louisville.edu/writingcenter/for-students-1/handouts-and-resources/handouts-1/research-and-documentation/cable
Evaluating Information - Applying the CABLE Test. (n.d.). LibGuides at University of Texas Arlington. Retrieved from https://libguides.uta.edu/c.php?g=780475&p=5591082
An abbreviation is a shortened form of a word used in place of the full word (e.g., Corp.). An acronym is a word formed from the first letters of each of the words in a phrase or name (e.g., NASA or laser).
What three factors may you use to judge the reliability of a source?Understanding which sources are reliable is crucial. Understanding depth, objectivity, currency, authority, and purpose is necessary for this aptitude. Consider your source based on these five criteria whether or not it has undergone peer review.
How can you verify the accuracy of information found online?Look at the three letters at the end of the domain name, such as "edu" (for educational), "gov" (for government), "org" (for nonprofit), and "com" (for commercial). Websites that are. gov or. edu often have a good reputation.
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