On January 2, 2020, Gabon Corp. purchases a new machine. The company makes a $ 2,000 cash down payment, and agrees to pay four annual instalments of $ 4,000 each, starting December 31, 2020, signing a non-interest-bearing note to this effect. The cash equivalent price of the machine is not known, but the appropriate interest rate for this type of transaction is 9% p.a. Rounding to the nearest dollar (if necessary), Gabon should record the cost of the machine at A) $ 12,959. B) $18,000. C) $ 16,000. D) $ 14,959.
Answers
The cost of the machine should be recorded at the present value of $2,835.42. Since the question asks for the answer rounded to the nearest dollar, the cost of the machine should be recorded as $2,835.
The cost of the machine, we need to calculate the present value of the four annual instalments using the appropriate interest rate of 9% per annum. Since the instalments are non-interest bearing, the total present value will be equal to the cash price of the machine.
Using the present value formula:
PV = PMT / (1 + r)^n
Where PV is the present value, PMT is the payment, r is the interest rate, and n is the number of periods.
PMT = $4,000
r = 9% or 0.09
n = 4
Calculating the present value:
PV = $4,000 / (1 + 0.09)^4
PV ≈ $4,000 / 1.41158
PV ≈ $2,835.42
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Related Questions
List the four ways to become a business owner.
Answers
Answer:
1. Start your own business;
2.Take over a family-owned business.
3. Buy a franchise.
4. Buy an existing operating business.
Take over a family owned business
Buy a franchise
Buy an existing operating business
Each year, White Mountain Enterprises (WME) prepares a reconciliation schedule that compares its income statement with its statement of cash flows on both the direct and indirect method bases.
In its 2018 income statement, WME reported $11,000 of interest expense on its outstanding bonds. During the year, WME paid its regular installments of $9,000 of interest in cash. In its reconciliation schedule, WME should:
A. Show a $2,000 positive adjustment to net income under the indirect method for the decrease in bond premium.
B. Show a $2,000 negative adjustment to net income under the indirect method for the decrease in bond premium.
C. Show a $2,000 positive adjustment to net income under the indirect method for the decrease in bond discount.
D. Show a $2,000 negative adjustment to net income under the indirect method for the decrease in bond discount.
Answers
Answer:
C. Show a $2,000 positive adjustment to net income under the indirect method for the decrease in bond discount.
Explanation:
According to the scenario, computation of the given data are as follows,
Reported interest expense = $11,000
Interest expense paid = $9,000
So, Adjustment in net income = $11,000 - $9,000
= $2,000 (positive)
Here, The bond is issued at decreased discount when the interest cost exceeds the cash paid for interest expense and the effective interest rate exceeds the stated interest rate.
Hence, option C is the correct answer.
You should inform the person who is writing your letter of recommendation of
all of the following things except
A. where you are applying and why.
B. when the letter is due.
C. what you would like him or her to write.
D. what type of financial aid you are seeking.
Answers
Answer:
D.what type of financial aid you are seeking
At what 2 levels does the auditor assess the risk of material misstatement?
Answers
demonstrate an understanding of ethics and social etiquette and sensitivity to audience needs including cross-cultural situations that are applicable in a business environment.
Answers
Social responsibility and moral conduct both reflect on individual employees and the company they work for.
Select a line of ethical reasoning that you want to illustrate. Following the law, upholding social norms, or acting in accordance with your conscience are examples of ethical behavior. A variety of values may be mixed together in ethical philosophy.Be fair. Hold everyone, including yourself, to the same ethical standards once you've settled on your ethical principles.Observe decency. Avoid prejudice, oppose harassment, and demonstrate care for the welfare of others.Be sincere. Share your thoughts, opinions, and ethical position through open communication.Be able to regulate yourself. Inhibit both your physical and emotional inclinations. Don't indulge excessively. Replace your rage with concern.Be courageous and behave honorably. When everything is going well, it is simple to make the appropriate decision.Learn more about Ethical reasoning, here
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T or F: Preferred stock has more voting power and, as such, greater control over the management of the company.
Answers
False. Preferred stock generally does not have more voting power or greater control over the management of the company compared to common stock. In fact, preferred stock typically does not carry any voting rights.
Shareholders who own preferred stock receive priority when it comes to dividend payments and claim on the company's assets in case of bankruptcy, but they typically do not have the power to influence the company's management decisions.
Common stock, on the other hand, usually provides shareholders with voting rights, allowing them to participate in key decisions, such as electing members of the board of directors or voting on significant corporate matters. Therefore, it is the common shareholders who generally have more control over the management of the company.It is essential to note that the specific characteristics of preferred and common stock may vary depending on the company's articles of incorporation and the stock issuance terms. In some cases, companies may issue a special class of preferred stock with voting rights, but this is less common and not the general rule. Overall, preferred stock is primarily focused on providing financial benefits, while common stock offers a combination of financial gains and voting power to influence the company's management.Know more about the Preferred stock
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The Age Discrimination in Employment Act of 1967 prohibits discrimination against employees aged _______ and older. Group of answer choices a. 21 b. 39 c. 40 d. 41 e. 65
Answers
The Age Discrimination in Employment Act of 1967 prohibits discrimination against employees aged
C. 40What is Age Discrimination in Employment Act of 1967?This refers to the government policy where there is the protection for people aged 40 and older from being discriminated and prevented employment.
With this in mind, we can see that this Act was enacted in 1967 in order to encourage the employment of older people who were previously rejected in favor for more younger people.
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Based on the question above, the correct answer goes thus:
c. 40The ADEA prohibits employment discrimination against persons 40 years of age or older.
In conclusion, we can conclude that the correct answer is 40
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What sum of money will grow to $2443.96 in nine years at 7.8% compounded semi-annually? The sum of money is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Answers
We may use the compound interest calculation to get the amount that will increase to $2443.96 in nine years at a compound interest rate of 7.8% compounded semi-annually:
A = P(1 + r/n)nt
Where: A = the investment's future worth ($2443.96 in this case),
P stands for the primary (or initial payment).
r = the yearly interest rate (0.078 in decimal notation, or 7.8% annually).
(Semi-annually, thus 2) n is the number of compounding periods every year.
9 years are represented by the numeral t.
Let's figure out P.
2443.96 = P(1 + 0.078/2)^(2*9)
2443.96 = P(1.039)^18
P = 2443.96 / (1.039)^18
We calculate P to be $1221.82 (rounded to the nearest penny) using a calculator.
Consequently, the amount that will increase to $2443.96 in nine years at a 7.8% compounded growth rate
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For discrimination to be illegal, it must be taken against a person because of a
A. protected characteristic
B. personal attribute
C. red flag
D. job action
explain
Answers
Answer: A
Explanation:
you will thank am me later
What is the biggest business in the world right now and why.
Answers
Answer:
Apple
Explanation:
It is worth the most money. It is worth 2 trillion dollars.
Answer:
anime
Explanation:
an anime? jus cu.z i luv anime
What is the education level of a majority of the Power, Structural, and Technical Systems workers?
Answers
Answer:
bachelor’s degree or apprenticeship
Explanation:
Given that Power, Structural, and Technical Systems workers require the knowledge of engineering, hydraulics, pneumatics, electronics, power, structures, and controls to the field of agriculture to become successful in the field. The majority of the workers in this field possess bachelor's degrees.
However, given that the role involves practical and on the job experience, some of them start as an apprentice right as High school leavers or Diploma.
Hence, in this case, the correct answer is "bachelor’s degree or apprenticeship"
effective economic demand requires
Answers
Which one of the following is the best way to promote health and safety awareness? A> The supervisor playing a key role B> Using announcement boards C> Focusing on safety equipmeint D> Pamphlets
Answers
A> The supervisor playing a key role
Promoting health and safety awareness is best achieved when supervisors play a key role. Supervisors have direct influence and authority over their teams, making them effective in setting expectations, enforcing safety protocols, and leading by example. By actively demonstrating and promoting safe practices, supervisors can create a culture of safety within the organization. They can provide regular safety briefings, conduct safety inspections, and address any concerns or issues promptly. Supervisors can also engage in open communication with their team members, encourage reporting of hazards, and provide necessary training and resources to ensure a safe working environment.
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What aspect of starting a company does sales NOT play a role in?
Building a team
Pitching investors
O Press and publicity
Selling your product
O None of the above; sales plays a role in all areas
Answers
Answer:
A-building a team?
Explanation:
just a guess, because the rest besides none of the above makes sense, A and E are the ones making me feel like one of the other is the right answer
Option A. Building a team.
What role does sales play in your company?Sales play an important role in building loyalty and trust between customers and the company. Trust and loyalty are the main reasons customers recommend your business to friends and family and write great reviews of your products and services online.
Sales increase business value. It's no secret that a business can't grow without sales. In fact, if a company's total sales do not generate more revenue than the cost of its expenses, then the company is more likely to fail.
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Dave works as a traveling pharmacist. He does not work at one pharmacy but fills in all over the country whenever another pharmacist needs a day off. This is an example of a(n)
traditional career
entrepreneurship
remote worker
non-traditional career
Answers
Answer:
non-traditional career
Explanation:
The non-traditional career refer to the job where the job could be filled from one gender. According to the Labor US department it means the occupation where the one gender would compromise for lower than 25% of the employed individuals in such occupation
Since in the given situation dave does not work at one pharmacy but want to fill in over the country in the case when the other person needs a day off
So this represent the non-traditional career
if a plaintiff fails to use a product in a reasonable or foreseeable way, what defense to a product defect negligence action exists?
Answers
If the plaintiff in a product defect negligence lawsuit fails to utilise a product in a reasonable or predictable way, the defence of "contributory negligence" may be applicable.
The "assumption of risk" defence to a product defect negligence claim is present when a plaintiff fails to utilise a product in a reasonable or foreseeable manner. According to this argument, the plaintiff accepted the risk of injury by utilising the product in a way that the maker neither intended nor could have foreseen. The defence may contend that the plaintiff was aware of the risks associated with utilising the product as they did and therefore not be held accountable for any injury that resulted. The defendant must demonstrate that the plaintiff was aware of the dangers and deliberately took them in order to establish the assumption of risk defence.
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Hurry!!#3
Which of the following was a catalyst for consumer advocacy in the United States?
the Renaissance
the Enlightenment
the Civil Rights Movement
the Industrial Revolution
Answers
Answer:
the industrial revolution ; )
Explanation:
Because in the passage it talks about industries and how the people were changing them,
i also did it on edge!!!
The owner of Hackers Computer Store is evaluating three options - expand at current site; expand to a new site; do nothing over the next five years The decision process includes the following assumptions and conditions - Y= last digit of your L Number. Strong growth has a 5Y% probabłity. Weak growth is 100-5Y\% The move to the new site would cost $21Y,000 Annual returns: Strong growth =$195,000, Weak growth =$115,000 Expanding current site would cost $87,000 Annual returns: Strong growth =$190,000, Weak growth =$100,000 Do nothing - $0 return Operating costs for all options are equal Draw a decision tree and evaluate the decision quantitatively Choose a submission type
Answers
Based on the decision tree analysis, the owner of Hackers Computer Store should expand at the current site, as it provides the highest expected monetary value.
To evaluate the decision quantitatively, we construct a decision tree considering the three options: expand at the current site, expand to a new site, or do nothing. The decision tree takes into account the costs and returns associated with each option.
For the expansion at the current site option, the initial cost is $87,000, and the annual returns are $190,000 for strong growth and $100,000 for weak growth. The probability of strong growth is 5Y% (where Y is the last digit of the L number), and weak growth is 100-5Y%.
For the expansion to a new site option, the cost is $21Y,000, and the annual returns are $195,000 for strong growth and $115,000 for weak growth.
The do-nothing option has a $0 return.
To evaluate the decision, we calculate the expected monetary value (EMV) for each option. EMV is calculated by multiplying the probability of each outcome by its respective return and summing them up.
After calculating the EMV for each option, we find that the expand at the current site option has the highest EMV, indicating the highest expected monetary value among the three options.
Therefore, based on the quantitative analysis, the owner should choose to expand at the current site as it provides the highest expected monetary value.
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I WILL GIVE BRAINLIES, FIVE STARS AND MY THANFUL THANKS!!!~
Using complete sentences post a detailed response to the following.
Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representative for the local fishing industry, Rochelle, says that locals are vigorously opposed to Lionel’s idea. A town meeting is held. Lionel explains how his company is dedicated to practicing the safest drilling techniques. He explains that oil piped from the ocean’s floor is purer and that it can be harvested in a more efficient way than an oil rig on land. Lionel also emphasizes how much the trucks carrying fish to the markets all over the country would save if local oil was able to be used. Rochelle fires back that in the past, serious accidents with offshore oil drilling have been reported. She points out that if there were a spill, the resulting death of fish would cost the local fisherman their livelihood. Local opinion on the issue is split. Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials order a report from a biotechnologist. Everyone agrees to go with what the biotechnologist recommends. Which side do you think the biotechnologist will agree with? Why?
Answers
Answer:
they need more detail because how is his livelihood
Explanation:
A diversification strategy should enable a company or its individual business units to create value in the value chain to:
a. increase cost.
b. manage industry partnerships.
c. establish differentiation and increase pricing options.
d. maintain cost.
Answers
A diversification strategy should enable a company or its individual business units to create value in the value chain to c. establish differentiation and increase pricing options.
A diversification strategy is designed to help a company or its individual business units create value in the value chain by entering new markets, developing new products or services, or establishing new partnerships.
By doing so, the company can establish differentiation and increase pricing options, which can help it to compete more effectively in the market. This can result in increased revenue and profitability. The goal of a diversification strategy is not to increase costs or maintain costs, but rather to create new opportunities for growth and value creation.
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\Which of the following is a difference between organization design and organizational behavior? Group of answer choices Organization design focuses on individuals within organizations, while organizational behavior analyzes the whole organization as a unit. Organization design is concerned with cognitive and emotional differences among people within organizations, while organizational behavior is concerned with the differences in structure and behavior at the organization level of analysis. Organization design is concerned with lower management, while organizational behavior is concerned with top- and middle-management. Organization design might be considered the sociology of organizations, while organizational behavior is the psychology of organizations.
Answers
Answer:
Organization design might be considered the sociology of organizations, while organizational behavior is the psychology of organizations.
Explanation:
The major difference between an organization design and organizational behavior is that, organization design might be considered the sociology of organizations, while organizational behavior is the psychology of organizations.
Hence, organization design describes how workflow such as supervision, task allocation and coordination are to be accomplished in an organization.
Which correctly lists the titles for this Venn diagram?
Title 1 should be Logistics and Inventory Control Pathway and Title 2 should be Maintenance, Installation, and
Repair Pathway.
O Title 1 should be Maintenance, Installation, and Repair Pathway and Title 2 should be Logistics and Inventory
Control Pathway.
Title 1 should be Quality Assurance Pathway and Title 2 should be Production Pathway.
Title 1 should be Production Pathway and Title 2 should be Quality Assurance Pathway.
Answers
The correct title for the Venn diagram should be
Title 1 should be Production Pathway and Title 2 should be Quality Assurance Pathway.What is a production pathway?This is the pathway that has to show all the process of manufacturing and assembling the products.
What is the quality assurance pathway?This has to do with the inclusion of the workers that would help to ensure that quality standards are followed and the products meets their performance requirements.
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Answer:
D
Explanation:
Discuss any four ways in which Specialization has
improved the economic development of Nigeria
Answers
Answer:
Specialization has helped in these four ways:
1. Has created economics of scale in Nigeria, which improve economic efficiency and increase output while reducing average costs at the same time.
2. Has improved the agricultural sector, which continues to be very important for the Nigerian economy.
3. Has helped bring the electrification of the country.
4. Has helped raise the standard of living in the country, because in general terms, the larger the economy, the higher the standard of living.
Although Zappos has around 900,000 unique products in its warehouse, company executives think there is room for more. Zappos is utilizing ______ for this promotion.
Answers
Answer: email marketing
Explanation:
Email marketing is the act of promoting a business, a product or anything worth promoting or an exchange of mail. This emails are sent to existing and prospective customers either telling them of this new product or promoting existing goods and services. Zappos utilizes email marketing for this promotion.
You can search about a company or you have a very new company;
plan all the selling activities in the
company .
Answers
Plan all of the selling operations in the company if you have knowledge about the company or if it is a brand-new venture. To hit your sales goals, you must strategically plan all of the company's selling initiatives. Therefore, creating a sales plan is essential when beginning a new company or business in order to efficiently market and sell your good or service.
When organising all of the company's selling initiatives, the following procedures must to be taken into account:
Determine who your target market is: To make sure your selling efforts are in line with the requirements and preferences of your clients, start by determining your target market. Establish your selling message: Your unique selling proposition (USP), which sets your product or service apart from the competition, should be highlighted in your sales message.Create a price plan: Find the pricing point for your product or service that will appeal to your target market and encourage them to buy it. Set sales targets: Your sales objectives should be time-bound, relevant, quantifiable, and reachable. They ought to represent the volume of sales you intend to make over a certain time frame. Distribute resources: Determine the tools you'll need, such as your sales team, marketing budget, and technological infrastructure, to meet your sales targets. Examine the opposition: Analyse your rivals to find out what their advantages and disadvantages are, and how you might set your offering apart from theirs. Create a sales plan: Your plan should outline all the selling actions you must carry out in order to meet your sales objectives. It should outline the precise steps you must take to connect with your target market and advertise your good or service.Learn more about company:-
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Leadership Across Cultures: General Electric
This week, we learned about different types of leadership directives and leadership styles. As a reflection of these principles, visit the website of General Electric, a powerful MNC in energy and power systems, health care, finance, and appliances.
Discover GE’s international operations, learn about its product lines, review its new and existing members on the board of directors, and review its latest annual report. Then answer these questions with a focus on GE’s leadership:
On how many continents and in how many countries does GE do business? Does GE offer different product lines in different countries? If so, why, and if not, why not?
Using the Managerial Grid (Fig.13-2), in which country or countries could GE apply each of the 5 management styles? Give examples of each of the 5 styles.
Using the Managerial Grid (Fig. 13-2), which leadership style do you think the GE corporate CEO could implement on a global basis, and why?
Reflect on this Module and this course and explain whether the leadership style you chose in # 3 above matches your skills, abilities, and personality. Why or why not?
Answers
Here is some general insights and guidance to help answer your questions about GE's leadership.
1. GE's Business Operations: General Electric is a multinational corporation that operates on multiple continents and in various countries around the world. They have a global presence and engage in business activities in numerous locations. The exact number of continents and countries where GE operates may vary and can be verified through reliable sources or by visiting GE's official website.
2. Product Lines: Generally, multinational corporations like GE may offer different product lines in different countries to cater to local market demands, cultural preferences, regulatory requirements, and industry-specific needs. Adapting products to specific markets can enhance customer satisfaction and increase competitiveness. However, without access to specific information about GE's product lines in different countries, it is challenging to provide detailed examples or explanations.
3. Managerial Grid and Leadership Styles: The Managerial Grid is a leadership model that identifies five management styles based on concern for people and concern for production. These styles include Country Club Management, Team Management, Middle-of-the-Road Management, Authority-Compliance Management, and Impoverished Management.
To determine which management style could be applied by GE in different countries, you would need to consider the cultural, social, and business contexts of each country. For example, in countries with strong team-oriented cultures, GE may apply the Team Management style that emphasizes collaboration and employee involvement. In countries with a hierarchical business culture, they may adopt the Authority-Compliance Management style, focusing on clear lines of authority and compliance with rules and procedures.
4. GE Corporate CEO's Leadership Style: Based on the Managerial Grid, the GE corporate CEO could implement the Team Management style on a global basis. This style emphasizes a high concern for both people and production, promoting collaboration, empowerment, and team effectiveness. Adopting this style can foster innovation, employee engagement, and organizational effectiveness across diverse cultures and markets.
5. Reflection on Leadership Style: Reflecting on your skills, abilities, and personality in relation to the leadership style chosen in #4 above is a personal assessment. Consider whether you possess the necessary qualities and competencies to effectively lead teams, promote collaboration, and balance people and production concerns. Evaluate how well the chosen leadership style aligns with your strengths and areas for development.
It's important to note that the information provided here is based on general knowledge about leadership styles and GE's reputation as a multinational corporation. For accurate and up-to-date information about GE's operations, product lines, and leadership practices, it is recommended to visit their official website or refer to reliable sources.
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What is planning? Choose the answer.
O illustrating the hierarchy and work teams within a company
ability to make short- and long-term company direction and goals
allows management to set standards, control costs, and manage change
guiding employees towards achieving company goals
Answers
Answer:
Ability to make short- and long-term company direction and goals
Explanation:
planning involves setting goals and how to achieve them in the best way possible.
which of the following key performance indicators can be used to measure whether each store is meeting its sales goal
Answers
One of the key performance indicators which can be used to measure whether each store is meeting its sales goal is known as:
Revenue growthWhat is Revenue Growth?This refers to the amount of money which a given company makes over a period of time as it increases from a previous time period.
With this in mind, we can see that revenue growth is one of the many key performance indicators that shows whether each store is meeting its sales goal.
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What happens if The People do not know what they want, or are just plain ignorant?
Answers
Answer:
Then, like civilizations before, we will descend into chaos and death where the only food is other people and war will ravage our already-dying planet, eventually the human race will die off as it should, because we are the virus plaguing our once-beautiful planet.
Explanation:
Or the government will just decide for us.
c. Describe the role a sales person would play in selling this type of product. How
much help would customers be likely to need from the sales person? (1-3 sentences.
3.0 points)
Answers
Answer:
The role a sales person would play is helping a customer find which product works best for them and the company. The customers are likely to need a lot of help because you need a sales person to get a phone or laptop at apple.
Explanation:
Yeah so i'm the dude from the last question about apple. Idek if im doint this right but it sounds right but then again im zooted rn